Registered Charity Number 1144637
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st October, 2020
Redeemed Christian Church of God
Bethel Tabernacle
Redeemed Christian Church of God
Bethel Tabernacle Contents of The Financial Statements For The Year Ended 31st October, 2020
| Page | |
|---|---|
| Report of The Trustees | 1 - 3 |
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 - 9 |
| Detailed Statement of Financial Activities | 10 |
Redeemed Christian Church of God Bethel Tabernacle Report Of The Trustees For The Year Ended 31st October, 2020
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number: 1144637
Chairman:
Mr Kolawole Akinbi
Principal address. 153 Launcelot Road Bromley, BR1 5EA
Trustees
Mr John Alegbe Mr Gabriel Diya
Secretary: Mrs Nike Awobimpe
Independent Examiner
Adonai Associates 50 King Alfred Avenue Catford, London, SE6 3HP
Bankers
HSBC
1
Redeemed Christian Church of God Report of the Trustees and
Unaudited Financial Statements For The Year Ended
31st October, 2020
STRUCTURE GOVERNANCE AND MANAGEMENT
RCCG Bethel Tabernacle was registered as a charity on 10th November 2011. It is governed by its Memorandum and Articles of Association and is managed by a Board of Trustees. Decisions are determined by a simple majority vote by the Trustees who set the strategic direction of the Charity. Delegated authority has been given to the Parish Pastor and management team for the day to day running of the operations of the Charity.
Bethel Tabernacle is a member of the Redeemed Christian Church of God which has parishes worldwide. The relationship is governed by the Agreement of Common purpose between the parishes and RCCG.
Trustees are selected on the basis of the contribution that they will make to the governance of the organisation and skills that they will contribute. They are provided with copies of the Charity Commission’s Guidance of Trustees and are also provided with training as when required.
The Trustees have assessed the major risks to which the Charity is exposed, in particular those relating to the specific operational areas of the Charity and its finances. The Trustees believe that by monitoring reserve levels, by ensuring controls exists over key financial systems and by examining the operational and business risks faced by the Charity. They have established effective systems to mitigate those risks.
OBJECTIVES AND ACTIVITIES
The Charity’s objects are:
“The advancement of The Christian religion worldwide and support of the less privileged in the local community and worldwide”.
These objects are charitable and operate for the public benefit. It pursues these objects by the operation of Christian worship at its premises Ellen Brown Centre, Grange road London.
Social Responsibility and Community Action are undertaken within all departments to raise money and contribute to locally based charities dedicated to alleviating poverty such as Bethel Outreach Team, St Mungo’s and Bethel Kitchen.
The main activity of the charity is the establishment and maintenance of worship centres to enable the members of the public to participate in Christian worship. Making grants and donations to the needy.
The main activity of the charity is the establishment and maintenance of worship centres to enable the members of the public to participate in Christian worship. Making grants and donations to the needy.
ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT
Working in partnership with housing charity to house and provide care support services to two homeless people. Working with other agencies to support homeless people access services in order to reduce the impact of homelessness.
2
FINANCIAL REVIEW
The Charity’s principal funding source continues to be the individuals who attend services and make contributions in the form of freewill offerings, tithes, and other donations. Part of the income is amount is recovered under the gift aid scheme. The Trustees continue to ensure that adequate reserve is maintained to ensure ongoing delivery of the charity’s objective and operational obligations
PLANS FOR FUTURE PERIODS
The Charity continues to explore ways of furthering its charitable objectives in an effective manner by ensuring there is awareness of its services and proactively seeking opportunities to be more involved in the community. To this effect the Trustees have identified a charity to support for the year in line with the Church’s ethos of being a family church.
Approved by order of the board of trustees on …………………………………………..and signed on its behalf by:
.......................................................
Mr Kolawole Akinbi
For Trustees
3
Redeemed Christian Church of God Bethel Tabernacle 31st October, 2020
Independent Examiner's Report
To the Trustees
I report on the accounts for the year ended 31st October, 2020 set out on pages five to ten.
Respective responsibilities of trustees and 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 required. The charity's gross income does not exceeded £250,000 and I am qualified to undertake the examination by being a qualified member
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
Basis of the 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
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that, in any material respect, the requirements which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Abiodun A Adeboyejo (ACCA,ACA,AAIA)
Association of Chartered Certified Accountants
50 King Alfred Avenue
Catford , London
Date................................................
4
Redeemed Christian Church of God Bethel Tabernacle
Statement of Financial Activities For the year ended 31st October, 2020
| Unrestricted Notes £ Income Resources Incoming Resources From Generated Funds Voluntary Income 2 39,176 Total Income Resources 39,176 Resources Expended Charitable Activities Physical & Spiritual Need 44,616 Governance Costs 3 650 Total Resources Expended 45,266 NET INCOMING RESOURCES (6,090) RECONCILATION OF FUNDS Total Funds Balances b/fwd 10,019 Total Funds Balances c/fwd 3,929 |
Restricted £ - - - - - - - |
2020 2019 Total Total Fund Fund £ £ 39,176 46,745 39,176 46,745 44,616 41,612 650 650 45,266 42,262 (6,090) 4,483 10,019 5,536 3,929 10,019 |
|---|---|---|
| - |
The Notes Form Part of These Financial Statements
5
Redeemed Christian Church of God
Bethel Tabernacle
Balance Sheet
as at 31 October 2020
| Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts Falling Due within one Year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Unrestricted Funds 7 Unrestricted Funds TOTAL FUNDS |
2020 2019 Unrestricted Funds Total Funds Total Funds £ £ 5,155 5,155 6,444 8,434 8,434 15,095 9,659 9,659 11,519 (1,225) (1,225) 3,576 3,930 3,930 10,020 3,930 3,930 10,020 3,930 10,020 3,930 10,020 |
|---|---|
| 3,930 | |
| 3,930 | |
The financial statements were approved by the Board of Trustees on.................................... and were signed on its behalf by:
Approved by Board of Trustees
The Notes Form Part of These Financial Statements
6
Redeemed Christian Church of God Bethel Tabernacle
Notes to the Financial Statementss
for the year ended 31 October 2020
1 ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) , the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (issued July 2014)
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
- 1 VOLUNTARY INCOME
| VOLUNTARY INCOME Tithes, Offering & Thanksgiving Donations Partners LB Southwark Building Fund Bank interest received Gift Aid Other Grants |
£ £ 2020 2019 28,714 37,318 10,270 830 180 300 - 2,237 - - 12 18 - 6,343 39,176 47,046 2020 2019 - 6,343 |
|---|---|
7
Redeemed Christian Church of God Bethel Tabernacle
Notes to the Financial Statementss
for the year ended 31 October 2020
| 2 | ||||
|---|---|---|---|---|
| 3 | GOVERNANCE COSTS | 2020 | 2019 | |
| Accountancy | 650 | 1,250 | ||
| 650 | 1,250 | |||
| for the year ended 31 December 2014 | ||||
| Trustees' expenses | ||||
| 3 | Wages and salaries | - | - | |
| Social security costs | - | 771 | ||
| - | 771 | |||
| The average monthly number of employees during the year was as fo | 2020 | 2019 | ||
| No employees received emoluments in excess of £60,000. | ||||
| 4 | Tangible fixed assets | |||
| Plant and | Motor | |||
| machinery | vehicles | Total | ||
| £ | £ | £ | ||
| Cost | ||||
| At 1 November 2019 | 14,334 | - | 14,334 | |
| Additions | - | - | - | |
| At 31 October 2020 | 14,334 | - | 14,334 | |
| Depreciation | ||||
| At 1 November 2019 | 7,890 | - | 7,890 | |
| Charge for the year | 1,289 | - | 1,289 | |
| At 31 October 2020 | 9,179 | - | 9,179 | |
| Net book value | ||||
| At 31 October 2020 | 5,155 | - | 5,155 | |
| At 31 October 2019 | 6,444 | - | 6,444 | |
| 5 | Creditors: amounts falling due within one year | 2020 | 2019 | |
| £ | £ | |||
| Trade Creditors - Rent | 8,918 | 10,785 | ||
| Accruals - Accounts | 741 | 734 | ||
| 9,659 | 11,519 | |||
| 9 | OPERATING LEASE COMMITMENTS |
8
Redeemed Christian Church of God Bethel Tabernacle
Notes to the Financial Statementss
for the year ended 31 October 2020
| Expiring: Between one and five years 7 Movement in Funds At 01 11 19 £ Unrestrictedfunds General fund 10,020 Building Fund TOTAL FUNDS 10,020 Net movement in funds, included in the above are as follows: Incoming Resources £ Unrestricted funds General fund 39,176 Total Fund 39,176 |
£ £ Movement At 31 10 20 £ £ (6,090) 3,930 - - (6,090) 3,930 Resources Expended Movement in Funds £ £ 45,266 (6,090) 45,266 (6,090) |
|---|---|
9
Redeemed Christian Church of God Bethel Tabernacle Detailed Statement Of Financial Activities For The Year Ended 31st October, 2020
| Redeemed Christian Church of God Bethel Tabernacle Detailed Statement Of Financial Activities For The Year Ended 31st October, 2020 |
|
|---|---|
| INCOMING RESOURCES Tithes & Offering Donation & Others Partners LB Southwark Bank interest received Gift Aid Total Incoming Resources RESOURCES EXPENDED Charitable Activities Pastoral allowances Donations & Gifts Honorarium & Volunteer WEM & Central funding Printing, postage & stationery Evangelical/outreach materials Church expenses Governance Costs Accountancy fees Support Costs Management Rent & rates Insurance Telephone & fax Repairs & maintenance Service Charges - Web Site Motor expenses Social Security Depreciation charge TOTAL RESOURCES EXPENDED NET INCOME |
2020 2019 Unrestricted Restricted Total Total Fund Fund £ £ £ £ 28,713.97 28,713.97 37,317.89 10,269.72 10,269.72 830.00 180.00 180.00 - - - 2,237.04 12.26 12.26 17.51 - - 6,342.66 |
| 39,175.95 - 39,175.95 46,745.10 |
|
| 6,000.00 6,000.00 - 996.00 996.00 500.00 - - 7,476.00 3,277.00 3,277.00 2,242.00 96.00 96.00 553.00 350.00 350.00 461.00 6,672.00 6,672.00 9,833.00 |
|
| 17,391.00 - 17,391.00 21,065.00 |
|
| 650.00 650.00 650.00 |
|
| 650.00 - 650.00 650.00 |
|
| 19,670.00 19,670.00 14,478.00 1,673.00 1,673.00 2,336.00 750.00 750.00 690.00 3,132.00 3,132.00 264.00 30.00 30.00 17.00 681.00 681.00 379.00 - - 771.00 1,289.00 1,289.00 1,611.00 |
|
| 27,225.00 - 27,225.00 20,546.00 |
|
| 45,266.00 - 45,266.00 42,261.00 |
|
| 6,090.05 - - 6,090.05 - 4,484.10 |
10