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2022-12-31-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 2022

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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 2022

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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 2022

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

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

CORPORATE INFORMATION

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: Equipment 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.

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 2022.

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 community-based 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 due to cost of living and food pressures.

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 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.

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

Charity governance matters are 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. We have a working in partnership arrangements with the leases of 44 Lozells Road to utilise their cold room facilities for safe storage of food items requiring preservation before they are distributed to community members as required, in conformity with health and safety regulations.

Renovation works and maintenance of the new auditorium continued to be undertaken to meet our requirements. 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 funding for some of the capital projects were met by members voluntary donations (made on their own without prompting), balance of the approved claims (Occupiers Loss and Disturbance Compensation regarding the Compulsory Purchase Order of our previous auditorium at Holford Drive and the Gift Aid payment.

The church continues to provide additional palliative and counselling to those who are mostly affected by the pandemic in the community including Care Home in the area and people facing domestic violence as well as new settlers in the country facing settling down challenges including accommodation, work and schools for their children.

The church has been holding hybrid meetings - mix of virtual and inperson/onsite. The technology to enhance these continued to be updated. To God be 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. Services continued to go on very well with several special programmes and outreaches as planned and specially arranged by the various departments. We continued to witness testimonies of soul winning, births of babies, wedding blessings and

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

progress in the areas of community engagement and cohesion.

Risk and Incident Report

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 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 as well as organisations supporting vulnerable people such as Compassion UK, UCB for their ‘Word for Today’ that we use for evangelical purposes and to enrich our members’ spiritual depth.

Review of Activities :

During the year, the charity received a total of £121,699 from church services and sources stated in the accounts.

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 situation of the charity and of the surplus or deficit of the charity for

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

the period. In preparing those financial statements, the Trustees have: Selected suitable accounting policies and applied them consistently. Made judgments and estimates that are reasonable and prudent.

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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, 2022

Notes
INCOME
£
VOLUNTARY INCOME
TITHE
69,626
OFFERINGS
24,724
THANKSGIVING
1,220
TOTAL VOLUNTARY INCOME
OTHER RECEIPTS
GIFT AID
15,811
OTHER RECEIPTS
4,367
REIMBURSEMENT-BCC
-
PROJECT INCOME
8
5,800
INTEREST RECEIVED
151
HMRC GRANT (SALARY SUPPORT)
-
TOTAL INCOME
EXPENSES
COST OF GENERATING INCOME
RENT
23,400
FINANCE CHARGES-CARD PAYMENT
1,180
SALARIES-VOLUNTEERS
12,696
TELEPHONE
585
VOLUNTEERS-MEETINGS & REFRESHMENT
-
PENSIONS
2,707		 2022
2021
£
£

44,260

19,560
1,019
95,570
64,839

9,004
-
4,945
6,750
8
7,054
26,129
27,761
121,699
92,599

19,800
712

12,534
405
50		 2021




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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

RESOURCES-BOOKS AND TAPES
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
UTILITY
CHOIR
TOTAL COST OF GENERATING INCOME
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CHARITABLE EXPENSES
CENTRAL OFFICE FUNDING
WEM-CENTRAL OFFICE
OTHER CHARITIES- DONATIONS
WELFARE-GENERAL & MEMBERS' CELEBRATIONS
WELFARE-THANKSGIVING
EVANGELISM
TOTAL CHARITABLE EXPENSES		 396
1,067
232
1,591
330
1,391
2,551
8,434
4,445
3,400
320
444
8,061
-		 48
739
289
165
180
130
1,214
5,015
684
2,618
1,837
450
8,148
696
1,000
2,670
200
6,379
-
2,897		 73,230
55,715
1,250
1,600
150
5,140
700
1,266
13,147
10,107

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

OTHER EXPENSES

OTHER EXPENSES
EVENTS AND OUTREACH (Church Ann..,New year
dinner etc)
7,805
PROJECT EXPENSES NOTE 8
2,358
PROFESSIONAL EXPENSES
400
DEPRECIATION
5,600
TOTAL OTHER EXPENSES
TOTAL OPERATING EXPENSES
SURPLUS/(DEFICIT)		 3,006
4,991
520
5,300
16,163
13,817
102,539
79,639
19,160
12,961

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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, 2022

----- Start of picture text -----
2022 2021
£ £ £
ASSETS NOTES
FIXED 4 64,216 62,564
CURRENT
CASH AND BANK BALANCES 1 100,827 85,611
DEBTORS AND PREPAYMENT 3 5,400 5,400
106,227 91,011
170,443 153,575
LIABILITIES
CREDITORS 2 33,309 35,601
33,309
NET ASSETS 137,134 117,974
REPRESENTED BY:
ACCUMULATED FUND:
Unrestricted Fund 117,974 105,013
NET INCOME/ EXPENSES 19,160 12,961
BALANCE CARRIED FORWARD 137,134 117,974
----- End of picture text -----

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The Redeemed Christian Church of God CRA Perry Barr 2020 Accounts

1
2
3
4		 £
20,602
80,225
100,827
£
453
22,546
559
9,751
33,309
5,400
5,400
Equipts
Furniture Building
Fittings
Partition
TOTAL
£
£
£
£
34,923
8,549
62,842
109,014
2,157
1,502
7,252
Total
6,293		 37,080
10,051
62,842
116,266
DEPRECIATION
Balance 1/1/2021
2,650
Additions
-		 27,319
6,307
4,874
46,450
1,900
558
3,142
5,600
Total
2,650		 29,219
6,865
8,016
52,050
NET BOOK VALUE
AS AT31/12/2021
50
7,604
2,242
57,968
62,564
AS AT31/12/2022
3,643		 7,861
3,186
54,826
64,216
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The Redeemed Christian GhurGh of God CRA Pery Barr 2020 AGcourFts 15