DOen En¥elw ID.. BCB79CCB-D91(I42774SC&EF5EFAEA313C chlI.1ty No: 1145157 Company P40: 7527536 The Redeemed Christian Church of God, THE KING'S COURT Director's and Trustees, Report and Flnanclal Statements For The Year Ended 31st March 2022
[loG8n Envebpe ID.. BC879CC&O91D427745C&EFSEFAE4J13C The Redeemed Christian Church of God, The Kin8's Court Index to f¢eport and Flnan¢lal Statements for the Year Ended 31. March 202Z Pa8es Report of the Trustees Independent Auditor5, Report Statement of Financial Activitie5 Balance Sheet Notes formln8 part of the Financial Statements 9-12 R¢deem¢d Christian Chureh of God, THE KtNG'S COURT Finaneial Stateinent For The Yeai. Ended 3 1st Marcli 2022
DowSwJn En¥elope ID.. BC579cC&D9I277-eS¢$-EFSEFAFA3ljc The Redeemed Chrlstlan Church of God, The KlnB'5 Court Page I Re Trustees For The Year Ended 31st March 2022 Referen and Admlnlstratlve detalls Charity Name.. The Redeemed Chrtrstian Church of God. THE KING'S COURT Status: Registered Charitv Company Number.. 7527536 Churlty ReglstrotAon No.. 1125157 Registered Office: I, Floor 75-85 Summeistown London, SW17 OBQ Place ol Worshlp.. I, Floor 75-85 Summerstown London, SW17 OBQ Dlrectors and Trustees: Simisola Olaitan Kareem Moyosore Adufe Adeneye Oluwaseun A. Adebambo Chair. Parish Pastor Olufeml O Adebalo Indèpendent Examlner Flourish Global Consulting IA firm with Chartered Accountants & Management Consultants) Unit 9 Challenge House, 616 Mitcham Road. Croydon, SUrV CRO 3AA Bankers Barclays Bank Plc, 43 High Street, Sutton. Surrey. SMI IDR Nationwide Building Society, 18-20 High Street, Tootin& London, SW17 ORG Rede¢Jned Cbristian Church of God, THE KNG'S COURT Financial Statement Foi. The Yeai. Ended 31 st Marcli 2022
DowS¥Jn Envdope ID.. Bc879cCg1O42774ScEFsEFAEA3l3C The Redeemed ChrlstSan Church of God, The KI$ Court Page 2 Rè ort of the Trustees For The Year Ended 31st March 2021 The Trustees present their report together with the accounts for the Year Ended 31st March 2022. The accounts have been p¥epared in accordance with the Statement of Recommended Practice 2005 and other applitable laws. Structure Governance and Mana ement The chadty Is constltuted under a Trust Deed and in the process of being registered a5 a charity with the Charity Commlsslon. al Method of Appolntment or Electlon of Trustee The management of the church is the responsibility of the Trustee5 who are elected and Co-opted under the terms of the Trust Deed. bl Pollcles Adopted for the Indu¢tlon and Tralning of Trustees The induttion process for any newly appolnted member of the trustees comprises an initial meeting with other Chair and other Trustees, followed by a series of short meeting with the Minlster In Charge on the powers and re5ponsibilitie5 of the Trustee. c) Or8anlsatlonal 5trU¢ture and Declslon Maklng The Charitv 15 organlsed so that the Trustees meet regularly to manage its affairs There is administratorlaccount personnel that handle the daily 3ffairs of the charity. ¢1 Rlsk Management The Trustees have assessed the major risks to which the charity is exposed, in partlcular those related to the operation5 and finance5 of the charity, and are 53tisPied that systems are in place to mitigate our exposure to the major risks. Ob ectives an(J Actlvitie5 Activitles al Pollclès and Oblectlves. The objectives of the church are to advance the Christian religion for the publlt benefit in accordance with the doctrines of our Lord Jesus Christ, through the holdlng of prayers meetlngs. lectures, evangellsm. distributing of Ilterature and tracts, broadcasting and such charltable means as the trustees consider appropriate,. and the Telief of poverty by Such charitable means as the trustees consider appropriate. Redeemed Chrislian Church of God, THE KfNG'S COURT Financial Statement Foi. T]ie Year Ended 31 st Marcl) 2022
D¢¢uSwn Envdope ID BcB780Cg10427745c&EFSEFAfA318C The Redeemed Christian Church of God, The KIn$ Ctsurt Page 3 Re ort of the rus ees For The Year Ended 315t March 2022 bl Strategles for Achlevlng Oblectlves The Charity ha5 adopted the following strategies for achieving the above objectives: Organlsing conferences and events with proven spe3kers and ministers of the faith to 8uidÈ members In the various aspects of the Christlan falth,. and support for other Charities and Christlan events. Creating opportunities for members to discussing topical issues in relations to the Word of God. cl Actlvltles for Achlevlng Oblertlves. Community outreach events. Provtsion of welfare support to members. Provision to support other charities. Conferences and Events. dl Grant maklng Policles. In line with the object of the charity, to rellef poverty and the advancement of Chrlsti3n religion worldwide. The charity has a pollcy of supportlng mlssionary organisations such as the Festival of Life, World Evangelism Mission and other charities and members of congregatlon who are in need, Ithis Is at the discretion of the trustees). dl Volunteers. The tharity is grateful for the good efforts of it5 volunteer5 who aye involved In service provlsion. The charity has a volunteer CODrdinator to ensure that best value Ss derived from the sterling efforts of our volunteers. Ach5evements and Performance al Revlew of Actlvltles The charity is consolidating the gains of previous development and has successfvlly mSnistered to the needs of variou5 50CFal groups within 3nd outside the church. The charity provides forum for manpower development for Its members to be equlpped, educatlonally, socially and spiritually. It offers variou5 counselling sesslons to the needv, unemployed, and makes referral whenever the need arises. During thE year the charity provided free IT trainings for members of the community and Other free trainings to the general public. Redeemed Christian Church of God, THE KING'S COURT Financial Stateinent FOJ. The Yeai. Ended 3 1st Mairli 2022
DOwSJn ID.. BCB79CC&D91042774SC&EF5EFAEA?13C The Redeemed Chrlstlan Church of God, The KIn5 Court Page 4 Re us ees For The Year Ended 31st March 2022 The charily provides pastoral care to members of the community. We have also organised series of training sessions to equip the chL¢rch volunteers with the relevant anagement skills that will help thern serve the community better. We corhtinue to 5UPPOrt and encourage young people by providing a Youth Church where teenagers meet on Sunday5 under a caring, 5UPPOrtive and encouraging atmosphere. The Charlty stlll contlnues to fulfil it5 main objectives, by creating facilitie5 to help develop the whole man, spiritually, mentally and physlcally. We have invested time, energy and money into activities and programmes that has helped prevent youth crimes. depressions in people, domestic & child abuse and such soclal vices that are eating deep into our society. We continue to work collaboratively with other churchÈs in the tommunity for the purpose of Propagating the gospel of our lord Jesus Christ, promotine social cohesion and integration. Flnanclal Review al Reserves Pollcy The trustees have established a policy wheTeby the unrestricted funds not committed or invested in tangible flxed assets I'the free re5erves'l held by the church Should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to eontinue the current acttvities of the church in the event of a signifi¢ant drop in funding. bl Prlncipal Fundin Thls Is provided malnly through voluntary offerings and tithe5 by church members. Pledges are a150 taken for specific projects. Plans for the Future Futurè Developments The charity aims as part of fulfilling its main objectives, to continue to explore varlous ways Redeemed Christian Chuwh of ThE KING'S COURT Finan¢ial Statement For The Year Ended 3 1st March 2022
DaslOn Envdope ID.. Bc879Cc&D9104277-85CF5EFAEAa13c The Redeemed Chrlstlan Church of God, The KInS Court Page 5 Re ort of the Tru eÈs For The Year Ended 31st March 2022 Trustee's respon51bllltSes In relatlon to the flnanclal statement The trustees are responsible for preparing the accounts in accordance with applicable13w and United Kingdom Generally Accepted Accounting Practice. Company law requires the Management Commlttee to prepare financlal statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming re50urce5 and application of resources, including income and expenditure, for the financial year. In preparlng those financial statements, the management committee are required to follow best practice and; Select suitable accounting policies and theft apply them tonsistently., Make judgements and estimates that are reasonable and prudent,. and state whether applitable accounting standards have been followed, subject to any material departures to be disc105ed and explained In the finaneial statements. Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the Company will continue on that basis. The Trustees are responsible for malntalning proper accounting records which disclose with reasonable accur3cy at any time the financial position of the charitable company and to enable them to ensure that the financial 5tatement5 comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Members of the Mana ement Com ittee Members of the Management Committee, who are dlrector5 for the purpose of company law and trustees for the purpose of charity law, who Served during the year and up to the date of thi5 report are Set out on page l. In accordance wlth company law, as the compan¢s dlrectors, we rtIfy that: So far a5 we are aware, there Is no relevant audit Information of which the company's auditors are unaware of; and As the dlrectors of the cornpany we have taken all the step5 that we ought to have taken in order to rnake ourselve5 aware of any relevant audit informatlon and to establlsh that the charitls auditors are aware of that inforniation. Red¢cm¢d Christian Church of Go¢L THE KNG'S COURT Finaiicial Statement For The Year Ended 3 1st Mai'ch 2022
DouJWn EnlDp&1J.. 4275DMWD408M961477d9BIO The Redeemed Christian Church of God, The Kln¥$ Court Page 6 I d endent Exa erfs Re ortToTheTrustees We have examlned the finanaal statement5 on pages 2 to 12 which have been prepared In accordan wlth the accountln8 po11cles set out on page 9. Respectlve responslbllltl4s of the trustees and Independent examlner The charity trustee5 are responslble lor the preparation of the flnanclal statements. The trustees consider that an audit Is not requlred for thls year (under section 144121 of the eharStles Act 20111 Ithe2011 act). It Is my responslbllity to.. examlne the accounts lunder seetlon 145 of the 2011Actl,' • followthe procedures lald down In the General Dlrectlon5 gfven bythe Charlty Comm15$1on (under section 14515llbl of the 2011 Art,. and . to state whether particular matters have come to myattentlon. B•sls of Indpndent examlner's report My examlnat5on was ¢arrled out In accordance wlth the General Dlrectlons glven by the Charity Commission. An examination intludes a review of the accounting records kept by the organisation and a comparison of the acwunts presented wlth those records. It also Includes consideration of unusual Items or dls¢losures In the accounts and. seeking explanation from you astrustee5 concerning any Such matters. The procedures undertaken do not provlde all the evldence that would be required in an audit and consequently, I do not express an audit opinion on the view8iven by the accounts. It Is my responslblllty to form an independent opinlon, based on my examlnation on those flnanclal statements and to report on my oplnlon. Independent Examiner's Ststement In connettlon wlth my examination. no matter has come to my attentlon: 11 whith 8tves me reasonable cause to believe that In any material respert the reqvlremeTrtS . to keep attountinB records In accordantr with section 130 of the 2011 Act,. and lo prepare accounts whlch accord wlth the accountln8 record5 and to Comply wlth the ac¢ountlng requirement of the 2011 Act have not been met. 21 to which. in rny opinion, attentlon should be drawn in order to enable a proper understanding of the accounts to be reached. MlchaÈl Ikumobasln- FCCA, FCA. FFA. FIPA, FAIA. M& PhD Forand on behalf of Flourlsh Global Consulting 09/12/2022 Sl8n Oate Red¢etll¢d Christian Church of Go4 THE KtNG'S COURT Finon¢ial Statement For The Year Ended 3 1st March 2022
Doe$An Erb¥eknpe ID.. 819¢C&D9104277EFsEFAEA313C The Redeemed Chrlstlan Church of God, Th• Kln¢s Court Page 7 atement of Financlal Attlvltles ForT Year Ended 31st Mar Z2 INCOME AND EXPENDITURE ACCOUNT Notes Resrrlcred Funds Unrestricted Total Total Funds. 31103122 31103121 INCOMING RESOURCE5 Incomln8 resources trom Charltable actlvltle5: Donatlons. legacies & Slmilar incoming resources 31,378 31,378 26,030 Total Incoming Resources 31.378 31.378 26,030 RESOURCE5 EXPENDED Charltsble Éxpenditure: Grants Payable 3.452 3,4S2 3,567 Costs of actniitie5 in furtherance 01 chariws Objects 23,060 23.060 21.SOI TOTAL RESOURCES EXPENDED 26,512 26,512 25.068 Net IncomellExpendlturel for The year 4,866 4A66 962 NEf MOVEMENT IN FUND5 4,866 4,866 962 Reconclllatlon of Funds Funds brought forward as at 01 Aprll 2021 14,038 14,038 13.076 Fund carrled forward as at 31 March 2021 18,904 18,904 14,038 The statement otfinanclal actlvltles Includes all galns and losses In the year. All IncomlnB res0r£e5 and resources expended deilved from ¢ontlnuln8 aulvltles. Redeeill¢d Christian Church of God, THE KING'S COURT Financial StateTn¢nt For The Yeai. Ended 3 1st Marcli 2022
Dow&gn En¥ ID: BCB79CC&D91042n45C&EF5EFAEA313C The Redeemed Chrlstlan Church of God. Thè Kln¢s Court Page 8 BALANCE SHEEfAS AT 31st March 2022 Note5 3110312022 3110312021 IXED A55ETS Tan£lble FIMed Ass•ts 795 1,200 CURRENT ASSETS Cash at Bankand In Hand 18,892 13,743 LIABILITIES AND CREDITORS Amount falllng due w5thln I year io 783 905 NEf CURRENT AS5EtS 12 TOTALASSEtS LESS CURRENT LIABILITIES 038 NEf ASSETS FUNDS OF THE CHARITY Unrestrlcted Funds Audlt Exem tlon Stateme For the yèar éThdlng al March 2022, thetompany was entirled to exemption from audit undef section 477 of the Companies Aci 2006 relatingto small comp8nSes. Dlre¢tors' re5ponslbllltles= Ilie mèmbèrs liave not required thecotnpany to ebtaln an audit of its accountsforthe year in question In accordance wfth section 476 of the Companles Act 21X)6. the directors acknowledgetheir responsibilities for complylngwith the requirements of theAct with respÈtt to accountln8 record5 and the preparatSon of atcounts th*e accounts have been piepared in accordance wSth rhe proS1OnS applIc3b to companles 5ublert toihe small CoMnIe< re8lme. These financial statements were approved bythe management cvmmmtee on 4 December 2022 andslened or) Its behalf by.. FQBIOA1KXMi4Bd P4$tor (Mrsl Slmlsola O. Kareem- Chalr Dr. Oluwaseun ambo- Dlrector Redeemed Christian Church of God, THE KING'S COURT Fintwcial Statement For The Y¢ar Ended 3 Isi Mar¢li 2022
DwS4gn Envèlope ID.. 8CB7gCC&D9IIN4277-85CFSFAEA33c The Redeemed Chrlstlan Church of God, The Kln¢5 Court Page 9 Notes to the Financial Statements ForThe Year Ended 31st March 2021 l. Accountln8 Poll¢les The principle accounrlng policies are 5ummarised below. The accounting policies have been applied consistently rhroughout the year and in the prec*ding year. Basi5 of Preparation Accountin8 and Reporting by Charities.. Statement of Recommended Prattice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of IrÈ13nd IFRS 1021 lettective l January 20191. The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cosi or transattion value unless otherwise stated Sn the relev8nt atcounting policy. The accounts are prepared in sterlln& which 15 the functional currenc¥ of the charitable company. Monetary amount5 in these accounts are roufided to the nearest E. Preparatlon ot the accounts on a golng concerrb basls The trustees h8ve considered the effecr of Covid-19 outbreak. The outbreak has caused dlsruptions to the chariws acrlvltles to date, as our church services, pastoral care and other charitable activities hève been provided u5in8 online platforms. When the Covid-19 restrictions were lifted we started provldlng a blended service such that those who like to attend the services face to fate where given the opportunity to do so on Sundays while others can join virtually. It is our desire that the chur£h will go back to havin8 more members attendinB services physically and this objective is being pursued. The trustees contlnue to adopt the 80in8 concern basis of 8ccountinB In preparing the financial statements Fundin8 accounting Unrestricted funds are avallable for use atthe discretlon of thetrugtees In furtherance of the general objectives of the charity. Restricted funds ère subjected to restrictions on their expendlture imposed by the donor orthrough rhe tem15 of an appeal. Incomlng Resources All Incomlng resources are included in the statement of financial activities when the charitv Is entitled to the income and the amount can be Quantified with reasonable accuracy. The following specific policies are applied to particular categories ol income: The Redeemed Chrlstlan Church of Go(1, The Kln&s Court Page 10 Redeemed Christiun Chuwh of God. THE KING'S COURT Financial Statement For The Yeai. Ended 3 1st Marcli 2022
Do¢$ Enwdope ID.. 8CB79Bc[J9IQ4277sCs-EFSEFAE4313c Notes to the Fi#ancial Statements For The Year Ended 31st March 2022 Donated seNices 8nd facilitie5 are included 8t the value to the charity where thls can be quantified. The value o15ervices provided by volunteers has not been included in these accounts. Investment incorne is included when receivable. IncDm1ng resoyrces from donatltsns, where related to performance and Specific deliverables, are accounted for as the charity e8rns the right to con5ideratton by Its performance. Donations intended for the purch3se ol fixed BS5ets are included in Incorning Resources in the period for which they 8r£ receivable, Depreciation on related fixed assets is charged to Resources Expended. Idl Resour Expended E¥pendlture is recognised on an accrual basis as a liability 15 IllCIJTred. Expendlture also Include5 any VA7 which cannot be fully recovered, and is reported Ès part of the expenditure to which r( relates: Charitable expenditLTrre comprlses rhose cost5 incurred by the chaflty in the delivery ol its artivitles and Services for Its beneficiarie5. It include5 both c05t5 that can be allocated directly to such attfvltSes and those costs of an indirect aature necessary to support them. Tanglble Fixed Asset5 and Depreclatlon FNed assets are stated at cost less atcumulated depreciation. The costs of minor additions or those costing below £350 are not capitalised. DeprecSation is provided at rates calculated to write off the cost of each asser over its expected useful life, which in all cases is estimated at 3 years. A full year depreciation is charged in the year of acqui51tltsn of Fixed Asseis A nominal residual of ÉIO is kept in the books In respect lully depreclated tangible fixed 3ssets. All leases of buildlngs and equ1pment are consldered to be operatlng leases, and rentals are thar8ed to Resources Expended when incurred. No assets are held under hire purchase ageMents. Reemed Christian Church of God. THE KfNG'S COURT Fiiiancial Statemeiit For The Year Elided 31 st Maich 2022
DowSvJn Env01¢ ID.. BCB79CC&D91042774SCSEF5EFAEA313C The Redeemed Clrlstlan Churth of God, The firfs Court Page 11 Notes to the Financial Ststements ForThe Year Ended 31st March 2022 Year Ended 31103120Z2 Year Ended 3110312021 Donations & Grants Un-covenallted ITithesl Collection at services (Offerings) Thanksgiving Seed Offering Glft Aid Reclaims Receed First Fruit offering 18,199 4,793 795 2.458 4.949 184 13.290 4,806 I,(X)5 391 6,232 306 2. Grants Pald RCCG Central Office Fund Other Charitles 532 184 336 525 306 336 Compassion UK WEM 3. Dlrect Church Expenditure Church Outre3ch Welfare Honorariurn Instrumentalbi 1,049 332 650 880 450 2,022 250 4. Chur¢h Runnlng Expenses Rent Business Rate5 Cleaning & Repairs Insurance Minor Equipment Gas & Electrickty IoAoo 2,355 1,051 599 10.800 2.330 1,047 599 482 964 5. Admlnlstrative Expenses Telephone Publicity. Printing & stationeries Legal & Professional Fees Training & Books Travel & Subsistence 787 1,590 13 492 200 1,188 164 13 Rede¢m¢d Christian Church of God. THE KING'S COURT Financial Stateinent Foi. The Year Ended 3 1st Marcl) 2022
DopJSbJn fnvelopo ID.. gCB79¢C&Dg10427745C&EF5EFAEA313C The Redeemed Chilstlan Church of God, The Kin¢s Court Page 12 Notes to the Flnancial St3tement5 For The Year Ended 31st March 2022 Year Ended 31103120Z2 Year Ended 31103120Zi 7. Depreclatlon 1,123 1,184 8, FIXED ASSETS SCHEDULE Muslcal Equlprnents Furnlttsre & FSuln8S Computers Total Cost as at l Aprll 2021 Addition in the year Balance as at 31 March 2022 8,859 220 2,047 498 1,949 12,855 718 Deprec13tlon blf 01104121 Charge forthe period 8,278 654 2,037 IS7 1.340 302 11,655 Balznce as at 31 Mar¢h 2022 Net Book Value Balance as at 31 March 2022 Balance as at 31 March 2011 9. CASH ATBANK AND IN HAND Year Ended 3110312022 Year Ended 3110312021 Bank 10. CREDITOR Loan falllng clue withln l Year Redeemed Chrislian Church of God. THE KtNG'S COURT Financial Statement For The Year F.iided 3 1st Maiel) 2022