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2020-12-31-accounts

The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY PERRY BARR

633 HAGLEY ROAD WEST

BIRMINGHAM

B32 1BY

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2020

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD

COVENANT RESTORATION ASSEMBLY PERRY BARR 633 HAGLEY ROAD WEST

BIRMINGHAM

B32 1BY

FINANCIAL STATEMENT FOR THE YEAR ENDED

31[ST] DECEMBER 2020

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY PERRY BARR FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2020

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

CORPORATE INFORMATION

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

Charity Registered Number: 1143652
Company Limited by Guarantee Number: 7745074

Board of Trustees

1. Pastor KolawoleAkinbi Chairman
2. Pastor Tokunbo Ibikunle Member
3. Pastor Mrs. Itunu Obileye Member
4. AP Clement Tunde Ogedengbe Member
5. Pastor Ezekiel O Obileye. Pastor in charge / Secretary

Registered Office

633 Hagley Road West

Birmingham B32 1BY West Midlands United Kingdom

Tel: 01217494442, 07877496683

Email: rccgcovenantperrybarr@yahoo.co.uk

Bankers:

HSBC BANK PLC SMETHWICK, BIRMINGHAM

Accountant:

Heritage Accounting Services 27, Cleveland Street Wolverhampton WV1 3HT

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2020

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 £136,491 and had a surplus of £45,952 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%

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.

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

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.

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

REPORT OF THE BOARD OF TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY PERRY BARR BIRMINGHAM

The Trustees present their annual report and financial statements of the Charity and Charitable Company for the year ended 31st December 2020.

The Trustees and Directors confirm that the annual report and financial statements of the Charity comply with the Charities Act 1993, as amended by the Charities Act 2006, and the provisions of the statement of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005. The Management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust. The organisation of the charity is controlled by the Trustees.

Constitution Policies

The objective of the charity is the advancement of the Christian faith worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule 2.2.2 and the relief of poverty 2.3. The trustees use the income and the capital of the trust in promoting the objects.

Objectives of the Charity, Principal Activities and Organisation of our Work

The Redeemed Christian Church of God Covenant Restoration Assembly Perry Barr is a communitybased Christian charity involved in holding Christian worship services and activities, preaching the gospel of Jesus Christ and reaching out to the community on Christian faith related matters as well as other programmes that are beneficial to the general public. We are also involved in providing counselling to our members and helping those having financial challenges aimed at relief of poverty.

The principal activities of the Church are Christian worship, Christian outreach programme to increase Christian awareness and spread of the gospel of our Lord Jesus Christ and development of the whole man, spiritually, mentally and physically.

Development, Activities Outreach Ministry and Achievements in the year

The charity’s main activities are tailored towards developing both the physical and spiritual needs of members and the public in the local community. The general public also have opportunity to benefit through our internet and social media platforms. During the year, the charity organised various workshops, outreaches and interactive sessions open to members and the public such as:

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

Our meeting for the first half of the year was not possible due to Corona Virus (COVID-19) pandemic and in deference to the Government’s restrictions guidelines.

Also, I like to inform and update you on governance matters as follow:

The church has moved to a much bigger, social distancing friendly auditorium within the same complex at Lozells Road on a 5 year lease. Our new address now is 42 and 1st Floor 42b Lozells Road, Birmingham B19 2TH. God graciously helped us to successfully source and assigned the remaining 5 year lease terms at both 44 and 44A Lozells Road to new tenants therefore releasing the church from obligations.

Renovation works of the new auditorium commenced during the later weeks of the lockdown when construction works were allowed by the government. In view of the grim situation occasioned by COVID-19, we couldn't actively embark on fundraising activities and appeals to finance the project. However, by the grace of God, some members made voluntary donations (made on their own without prompting), friends outside the church (non-members), and the January - May 2020 Gift Aid payment.

Some members helped to support others who are in need economically due to the Pandemic by making donations into a pool and distributed relief materials to help those who are most in need. The church also provided additional palliative to those who are mostly affected by the pandemic in the community including Care Home in the area.

The church was reimbursed with 90% of the interim approved claims (comprising Occupiers Loss £6,629 and Disturbance Compensation £39,397) regarding the Compulsory Purchase Order of our previous auditorium at Holford Drive. This helped immensely in contributing to the renovation of the church’s auditorium. The final approval of our claims and payment of the balance is awaited. To God be the glory.

The church resumed skeletal on-site meetings held with a mix of virtual and in-person manner. The technology to enhance these were acquired, towards the end of the year 2020 when restrictions were lifted. To the glory of God, the church's ministry and outreach work were very challenging but they also present opportunities to positively impact lives of vulnerable people and the members in difficult circumstances of the pandemic. S going on very well with several special programmes and outreaches as planned and specially arranged by the various departments. We continue to witness testimonies of soul winning, births of babies, wedding blessing and progress in the areas of community engagement and cohesion.

Risk and Incident Report

The Parish had relocated from our worship premises at 1st Floor, Unit 3, 1 Holford Drive Perry Barr Birmingham B42 2TU in 2019 to our premises at 44-44A Lozells Road Birmingham B19 2TH due to Government’s Compulsory Acquisition of the property as part of the Perry Barr Redevelopment for

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

2022 Commonwealth Games. The worship centre was refurbished and redecorated to make it suitable for our members and ensure that the Charity continue to be in operation in Perry Barr area. The new property was found to be small for our requirements and negotiations was concluded to secure a premises with a larger space within the complex of the new worship centre. As such the church moved to a bigger and more conducive auditorium that was acquired on an initial five-year lease. This was a good move that God made us to have because of the development of COVID-19 restrictions and need for pandemic induced space when on-site meetings started. Discussions ongoing through our appointed surveyors, Messrs Roger Hannah Surveyors with Birmingham City Council and their appointed agents, Savills Plc, to process the balance of claims due to the Charity for relocation costs and inconveniences.

To the glory of God there was no negative incident involving personal injury to any member of the church or the public in general. We give God the glory for His protection over us while the novel COVID-19 raged.

Related Party Relationship, Donation and Grant Making Policies

The charity is a member of the Redeemed Christian Church of God UK (RCCG) which has parishes all over the world including the UK. The relationship is governed by an Agreement of Common Purposes between the parishes in the UK and the RCCG UK Central Office. Under the ‘Agreement for Common Purposes’, Redeemed Christian Church of God Covenant Restoration Assembly Perry Barr has agreed to make regular proportional contributions to the World Evangelism Mission of the RCCG UK (WEM), and contributions towards the running of the Mission’s UK Central Office (COF). In addition, the church also supports missionary organisations such as Festival of Life also of the RCCG UK, other programmes anchored by the Mission’s General Overseer such as the Ordained Ministers Conference among others, support to the tiers of RCCG UK Administration structure at Area, Zonal and Provincial levels for specific planned joint programmes and other evangelical work of the RCCG Mission in the UK as well as support to other RCCG Parishes in the UK. The church also provided support to members and community members in need.

Review of Activities

During the year, the charity received a total of £136,491 from church services and sources stated in the accounts. Pastor's stipend that would have been suspended and position deleted or made redundant was retained through the advantage of the government's Furloughed Scheme.

The financial statement for the year is shown in the annexed accounts.

Reserves Policy

It is the policy of the Trustees to work towards holding the minimum reserves necessary to enable the charity to meet its commitments for a minimum period of three months.

Trustees’ Responsibilities

Charity law applicable to charities in England/Wales 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

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

and of the surplus or deficit of the charity for the period. In preparing those financial statements, the Trustees have:

The Trustees overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial statements comply with the

Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and for taking reasonable steps for the detection and prevention of fraud and other irregularities.

The report was approved by the Trustees September 27, 2021.

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

ACCOUNTANTS REPORT TO BOARD OF TRUSTEES Accounts for the Year Ended 31ST DECEMBER 2020

We report on the accounts of the Redeemed Christian Church of God - Covenant Restoration Assembly for the year ended 31st December 2020, which is set out on pages 8 to 17.

Respective responsibilities of Trustees and Accountants.

The Trustees are responsible for the preparation of the accounts.

The Trustees consider that an audit is not required for the year under section 43(2) of the Charities Act 1993, as amended by Section 28 of the Charities Act 2006 and that independent examination is needed.

It is our responsibility to:

Basis of independent examiner's report.

Our examination was carried out in accordance with the general direction given by the Charity Commissioners. An examination includes a review of the accounting 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 we do not express an audit opinion on the accounts

Independent examiner's statement .

In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the requirements:

Heritage Accounting Services.

27 Cleveland Street Wolverhampton.

WV1 3HT

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

REDEEMED CHRISTIAN CHURCH OF GOD.

COVENANT RESTORATION ASSEMBLY PERRY BARR. INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER, 2020

ENDED 31ST DECEMBER, 2020
Notes
INCOME
£
VOLUNTARY INCOME
TITHE
43,472
OFFERINGS
21,036
THANKSGIVING
4,077
TOTAL VOLUNTARY INCOME
OTHER RECEIPTS
GIFT AID
12,590
BUILDING FUND
1,450
SPECIAL OFFERINGS
REIMBURSEMENT-BCC
41,082
Other Miscellaneous Receipts
PROJECT INCOME
7
9,800
INTEREST RECEIVED
16
TOTAL OTHER RECEIPTS
2,967
TOTAL INCOME
EXPENSES
COST OF GENERATING INCOME
RENT
29,100
FINANCE CHARGES-CARD PAYMENT
952
SALARIES-VOLUNTEERS
9,697
TELEPHONE
250
VOLUNTEERS-MEETINGS & REFRESHMENT
RESOURCES-BOOKS AND TAPES
377		 2020
2019
£
£

38,952

12,440
6,972
68,585
58,364

16,923
-
12,505

-
525
-
44
67,906
29,997
136,491
88,362

15,150
1,639
12,524
1,342
180
145		 2019




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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

PRINTING AND STATIONERY
TRAVELLING
SUNDRY EXPENSES
INTERNET
BUILDING DECORATION
INSURANCE- PUBLIC LIABILITY
TRANSPORTATION & MOTOR EXPENSES
RETREATS, CONFERENCES & TRAINING
HONORARIUM - PROGRAME AND EVENTS
MAINTENACE-EQUIPTMENT & BUILDING
SANITATION
GAS
ELECTRICITY
UTILITY
BUILDING LOAN INTEREST & EXPENSES
CHOIR UNIFORM
TOTAL COST OF GENERATING INCOME		 325
1,412
3,250
5,250
804
898
150
501
1,423
393
2,265
2,996
500
800
200
3,370
-
50
450
50
498
1,058
12,818
11,624
943
7,488
-
300
65,561
65,612

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

CHARITABLE EXPENSES

FESTIVAL OF LIFE
-
CENTRAL OFFICE FUNDING
1,200
WEM-CENTRAL OFFICE
1,550
ZONAL PROGRAMME
-
WELFARE-GENERAL & MEMBERS' CELEBRATIONS
3,972
WELFARE-THANKSGIVING
2,854
EVANGELISM
122
TOTAL CHARITABLE EXPENSES
OTHER EXPENSES
EVENTS AND OUTREACH (Church Ann..,New year
dinner etc)
3,144
COPYRIGHT
339
PROJECT EXPENSES
7
9,099
PROFESSIONAL EXPENSES
520
DEPRECIATION
2,178
TOTAL OTHER EXPENSES
TOTAL OPERATING EXPENSES
SURPLUS/(DEFICIT)		 500
1,200
3,480
244
6,719
1,550
1,563
9,698
15,255
3,618
132
-
520
3,227
15,280
7,497
90,539
88,364
45,951
(3)

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

REDEEMED CHRISTIAN CHURCH OF GOD, COVENANT RESTORATION ASSEMBLY PERRY BARR. BALANCE SHEET AS AT 31ST DECEMBER, 2020

£
ASSETS
NOTES
FIXED
5
CURRENT
CASH AND BANK BALANCES
1
64,451
SUNDRY DEBTORS
4
2,117
PREPAYMENTS NEW AUDITORIUM
3
5,400
LIABILITIES
CREDITORS
2
30,614
NET ASSETS
REPRESENTED BY:
ACCUMULATED FUND:
Unrestricted Fund
NET INCOME/ EXPENSES
BALANCE CARRIED FORWARD		 2020
£
63,659

71,968
135,627

30,614
105,013
59,061
45,951
105,013		 2020
£
63,659

71,968
135,627

30,614
105,013
59,061
45,951
105,013		 2019
£
6,822
18,856
3,000
44,341
66,197
73,019
13,957
13,957
59,062
59,064
(3)
59,061		 2019

135,627
30,614
105,013
59,061
45,951
105,013

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

NOTES
1 CASH AND BANK BALANCES £
BANK BALANCES 4,385
SAVINGS ACCOUNT 60,066
CASH IN HAND -
64,451
2 SUNDRY CREDITORS £
HOUSE FELLOWSHIP 55
COVID LOAN 30,000
AFRICAN MISSION 559
30,614
3 PREPAID RENT
SECURITY DEPOSIT 5,400
5,400
4 SUNDRY DEBTORS 2,117
2,117

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

5.FIXED ASSETS

6
7
8		 Motor
vehicles
COST
£
Balance 1/1/2019
2,700
Additions		 Equipts
Furniture Building
Fittings
Partition
TOTAL
£
£
£
£
31,379
6,671
5,044
45,794
1,426
589
57,000
59,015
Total
2,700		 32,805
7,260
62,044
104,809
DEPRECIATION
Balance 1/1/2019
2,650
Additions
-		 25,491
5,957
4,874
38,972
1,828
350
2,178
Total
2,650		 27,319
6,307
4,874
41,150
NET BOOK VALUE
AS AT31/12/2019
50		 5,888
714
170
6,822
AS AT31/12/2020
50		 5,486
953
57,170
63,659
BUILDING LOAN ACCOUNT
BALANCE 2019
Accrued Interest
PAYMENTS 2018
BALANCE OUTSTANDING
PROJECT COVID-19
RECEIPTS
TOTAL EXPENSES
NET INCOME
NEW AUDITORIUM EXPENSES
42 LOZELLS
44 & 44A LOZELLS		 7,803
943
8,746
-
9,800
9,099
701
26,459
30,541
57,000

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The Redeemed Christian GhurGh of God CRA Pery Barr 2020 AGcourFts 18