The Redeemed Christian Church ofGod-City ofPeace, Reading. THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF PEACE Charity Reg. No 1145566 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER, 2020 RCCG.Cfty of Peoce.. Rerts10rthe yeorended31 tMber. 2020.
The Redeemed Chn'stian Church ofGod-City ofPea, Reading. CONTENTS Page Reference and Administrative Details of the Charlty Trustees, Report 4-5 Independent Examinerfs Report ststement of Financlal Actwitles Balance Sheet Notes to the Financial Statements 9-11 RCC&Cityof Peace.. Reportsfvr the yeoreffAted31 December. 2020.
The Redeemed Christian Church of God-city of Peace, Readin& REFERENCE AND ADMINISThAMVE DAlls OF THE CHARfTY, ITS TRusfEES AND ADVISERS FOR THE YEAR ENDING 31 DECEMBER, 2020 GENERAL OVERSEER Postor EA Adeb Trustees Pastor Oladiw Lawal Pastor Tunde Olagunju Pastor Abayomi Kolade Dr. Dele Alabi Dr (Mrs) Ayobaml Bamldele Charlty Reglstration Number 1145566 Principal Offlce 21. South street Readln& RG2 8TA Pastor In Chwqe Independent Examlner Adebayo OLABISI, FFA, FIPA 7, Mossbrook Drl¥e. Manchester. M38 9TJ. Bankers NATWEsf Bank Mart Place Brnnth. Readlng. RCCG4ity of Peace.. ReportsfvrtheyeoreTrled31 Decemter. 2020.
The Redeemed Christian Church of God-city of Peace, Reading. TRUSTEES. REPORT FOR THEYEARENDED 31 DECEMBER2020 The Twstees submit their annual report and the Financial Ststements of the Redeemed Chrfstlan Church OA God (RCCGJ Cffy OF PEACE (The Charityj for the year ended 31 DeMber. 2020. The Trustees confimi that the Annual Report and the Financial Ststements of the Charfty compty with the cufnt statutory requirements of the Charitrfs governing documents and the provisions of the Ststement of Recommended Prattice ISORPI "Accounting and Retx)rting by Charit< issued in Marth 2(XJ5 The Charity also trades under the name CITY OF PEACE STATUS The Charlty was consdtuted under a Tntst Deed and was rstued In Eland and Wales with Charity number 1145566. APPOIIrnIENT OR ELEcfK)N OFTrusfEE&. Trustees are elected and or appolnted under the ternis of the Trust Deed. POUCIES AI)OPTED FOR ThE INDiKTION ANDTRAININ6 OF IIEWTRIISTEES The induction process for a newty appointed Member of the Board of Trustees compr15es an Inltial meetin8 wlth the Chalr and other Trustees. followed by short meetln8s wlth the Pastor In charge on the powers and responybi1Stles of the Trustee& ORGANISATIONAL STRUCTURE AND OEasioN MAKING The Charity Is organised so that the Trustees meet re8ularty to mana8e Its aff3lrs. The Pastor In Char8e- Pastorjoseph 8amldele manages the day-to4lay adminlstration of the Charlty on a voluntsry basls. RELATED PARTY RELATIONSHIPS: RCCG (aTYOF PEACE) Is a Parfsh of the Redeemed Chrlstlan Church of God whlch has parlshes all over the worfd. The Parlsh's relatbnshlp wlth other Parlshe5 Is governed by an 'Agreement of Common Purp RISK MANAGEMENT The Trustees have assessed the major rfsks to whkh the Charfty Is exposed, In partkular those related to operations and finances of the Charlty, al are satisfied the systems are in place to mltlgate our exposures to the major rlsks 08JEcf5 AND ACTMTIES The prlnclpal object is the advanrnent of the Christian faith worldwlde. and to promte any charltable activlty for the benefft of the local people thfou8h: Runnin8 semlnars In the Churth wkth prova) mlntstus of the falth trj gulde wthbers In the various aspects of Chrlstian faith,. Support for other Charit$ and Chrlstlan e4en The artivities for achlevivd Its oblectNes indude: Community Outreach events; Conferences and events; Welfare support to members and genernl publlc: and Various missionary actNit*s. RCCG-Otyof Peoce.. Reportsforthe yearer4ded31 Derntser. 2020.
The Redeemed Christian Church ofGod-City ofPeace, Reading. TRusfEES' REPORT (CONTINUED) FOR THEYL4RENDED 31 DECEMBER 2020 FUNDING AMD GRAKf MAKING POLKY: The prfndpal SOUT offvndifl to the Charity Ls Donatlons complimented by Glft Aids. The Charity also 8ive out grants and support in linewith its obiectl¥es. vowpItEER5: The Charrtrfs artN¥lies are carried out by volunteets who provlded services In dlfferent tapacltles. Itls estlmated that over 2.650 hours were provided by volunteers during the year. If thi5 b conservatively valued at current Ilving wage rate of £9.50 per hour. the volunteers. effort wlll amount to £25.175. REVIEW OF ACTMYIE&. Trustee5 record thelr appre¢lathn to all Don3 supported the Charlty to the tune of £44m4 during the perlod under re41ew. The Charity also gave out £1233 In Donatlon and Grants. The Trustees are 5atlsfied wlth the succe$5 of the Charty In menSIts objethes durlry me perlod: and are optlmistk that It wlll ¢ontlnue to do so. cov119 IMPAcf AND RESPONSE.. The recent pandemlc and lock-down has Wven u5 the opportunity to explore optlons for holding meetln8s. e4ents and thurch Ser through virtual modes. Thou8h the lo¢k41own Is now over and face-to-face Snteractlons have resumed. nevertheless we stlll rtath out and aim to continue to reach out to people who may be unable to attend physlcally by usln8 the online mode that is already estsbllshed. We also airn to strengthen It even more. The Impart of the pandemlc on the community generalty requlres more resour and efforts to support and provide pastoral care, not only by prayin& but also through emotlonal and materlal support. In this regard, we are thankful to God that we have dedlcated and commltted workers In the follow-up and evangellsm team. We also alm to mobllbse resour andlor seek for fvnd for thls aspert of our need and call. 114VÉSTMEIITS: Therewffe no Investments durln8 the penod. srATEME14TSOF TrUSTEW AESPONSIWIfflES The Trustees are responslble for preparbn8 the Annual Report and Hnanclal Statements In aceordanee wlth appllcable laws and regulatlons. Charlty law requlres the trustees tts prepare Flnan¢lal Statements for eath Flnanclal Yèar. Under that law the trustees havè derted to Prle the Flnancial Ststements In accordance wlth the Unlted Kln8dorn GeneralW Accepted A¢countln8 Practke Iunlted ngdoM A¢countln8 Stsndards and applKable lawl. The Flnanclal Statements are requlred to glve a true and falr ¥1 of the state of affalrs of the Ch4rfty for that perlod. In preparln8 these financial statements, the trustees are requlred to: Selert suftable actwntln8 polldes aThJ then applythem c4)n51stendy.' Make luilgement and estlrnates that are reasonable and prudent: Prepare the flnandal statements on the gobng concern basls unless It ts In?ppropdatè to presume that the company will corbtinue in operatn. The trustees reco8nlse thelr responslbllftle5 to keep proper account1 records that dlsdose wlth reasonable accuracy 8t any tlme the fln3ndal posltlon of the Charlty and enable them to ensure that the Flnandal Ststements comply wlth the Charltles Art 2011. They are also re¥>0n5Ib for the assets of the company and hen taklng reasonable Steps for the prvmtiin and detertlon offrwd and other Irre8ularflles. The appended finan 5tstements hè¥e been wepared on the accruals bass and have been examined by an Independent examiner. whose report ts *0 appded. Approved by theTnJstees on ._And 5i8Md on thelr behalf by.. Pastor (M•tynde QLAGUWU ITrustee). RCC6-city of Peace". Rewrtsfvrthe fvtqrended 31 Mber. 202
The Redeemed Cknistian Church ofGod-City ofPeace, Reading. INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2020 TOTHE TrUSTEES OFThE REDEEMED CHRisnAN CHURCH OF C4)D (RCCGI UTY PEACE I report on the accounts of the Charlty for the Year ended 31 DECEMBER 2021h1th Is set out on pages 7- ii. RESPECTIVE RESPONSIBIUTIES OFTHETRUSTEESAND THE EXAMINER The Charivs Trustees are responwble for the preparatlon of the accounts. The Charws Trustees conslder that an audft Is not requlred for thi5 year under Section 145(1) of the Charltles Act 2011 and that an ndependent examination b needed. It is my responslblllty to: Exarnlne the actountslunder section 14511} la) of the 2011 Act; Follow the pro¢edure5 laid down In the 8enernl dlrectlons given by the Charlty Commlssloners and stste whether partlcular motters have come to my attentlon. BASIS OF EXAMINEWS 5fATEMEKr My examlnatlon was carrled out In accordance wlth the general dlrettlons glven by the Charlty Comm15sioners. An examlnatlon Indudes a review of the accounting record5 kept by the Charlty and a ¢ompari50n of thè accounts presented with those records. It a150 includes conslderatlon of any unusual Items or dlsclosures In the accounts, and seekin8 explanatlons from you as trustees concemlng any such matters, The procedures undertaken do not provide all the eVen that wouk1 be requlred In an audlt, and consequently I do rK)t express an audtt opinlon on the view given by the accounts. EXAMINER'S STATEMENT In connectlon with my examlnation, no matter has come to my attentlon to 8lve rne sOnable cause to belleve that in ary materfal respect the requlrements To keep a¢countln8 record5 in accordance wlth the requirement of Sertion 130 of the Ch?ritles Act 2011,. and To prepare accounts which accord wlth the account1 records and to comply with the Accountlng requirements of the Charftles Art 2011 have not been met or to whkh, In my oplnlon, attentlon should be drawn In order to enable a proper understandlng of the a¢counts to be reached. SIGNED Advbuyo LA8151 FC4 FFA. FIP 7, Mo55brLN)k Drlve. Manchester M38 9TJ. DATE: 10/1&/1621 RCCfj-Clty of Peace.. Reportsfvrtlre ptorended31 December. 2020.
The Redeemed Christian Church of God: City of Pea, Reading Statement of Financil Activities for the year ended 3tst December, 2020 Z019 Incom1 Resourrns Voluntary Donations Gift Aid Received 39,237 4,429 751 Total 44755 43.666 Resources Exp•nded Charltable Expenditure Grants Payable-In5tltut5onal Cost of Activities In furtherance of Charlty's Objects Management and Govemance Costs Total Resources Expended 2,233 9,326 5.754 17313 2.731 28,551 5,955 37.237 Net Ineomlngl{OutgoIrl Resources Total Funds at the Be8innln8 of the Year 8alan¢e at th• •nd of the Y••r 27,442 26,724 54,166 6,429 20,295 26.724 RCCG-CtrY OF PEACE.. Reportsfor the ended 31 December, 2020.
The Redeemed Christian Church of God: of Peace, Reading Balance Sheet as at 31st December, 2020 Flxed Assets: Tangible Assets 5.922 Currnnt Ass•ts: Bank and Cash Balanos 53,663 23,104 Total Ass•ts 59W5 31,588 Uabllltles: Amont Due wlthln l Year Net Ass•ts 5.419 54166 4,864 26.724 Charfty Funds: General Unrestrlcted 54,166 26,724 Total Funds 166 26.724 The Accounts have been prepared in accordance with speclal provlslons of Statement of Recommended Practlce: Accountin8 and Reporting by Charities {SORPI Issued In March 2(K)7 as modified for smaller Charftles. Approved by the Trustees on- and Signed on thelr behalf by: Pastor Otatunde Ola8un]u RCCG-CIThOFPEACE.. Reportsfvr theyearended31 December. 2020.
The Redeemed Christian Church of God: City of Peace, Reading Notes to the Accounts for the year ended 3tst Dernber, 2020 Notsl Att(ntIng Polldes a The Accounts have been preparedunderthe Historical Cost Convention in accordance with appllcable Accounting Standards. They follow Best Prartices as stated out in the Ststement of Recommended Practice: Accounting and Reportin8 by Charities (SORP) bSSued in Marth, 27 as modified for small Charitie5. bl Income is accounted for on Actual Recelpt Basis while Expenditures are recorded on Accrual Basls cl Fixed Assets: Comprlse of Motor Vehlcles. Mustcal EqulpmenL Offlce Equipment and Furnlture items, and a stated at Cost Less Depreciatlon dl Depredation is provlded at rates calculted to wrfte off the cost of the assets (less expected dIspol value) oNtr experted useful Ilves. The tollowlng rates apply: Motor VehIC5. Computer and Other Equlpment: Funlture & Flttln85 Note 2 Don•tlons, Lepdes and Slmllar InconrI RrS 2020 2019 Tlthes Offering Thanksglvlng & Others 21,610 24AII 8,092 6,734 39.237 9.312 Note 3 Glft Aid Recebved 751 4A29 RCCGIITYOFPEACE." Report5fvr theyear ended31 December. 2020
The Redeemed Christian Church of God:City of Pea. Reading Notes to the Accounts for the year ended 31st December. 2020 2020 2019 Note 4 Grnnts Payable-lnstltuthnal Wodd Evangelical Mission IWEMI Central offi Funding 1,873 360 2233 2,371 360 2,731 Note S Cort ot Actlvltle5 In Furtl*rnnce of Charlty Objerts Accomodation & Lodging Travel and Subslstence Rent, rates and Llcences Welfare Expenses Telephone and Communlcatlon Printing and Publlclty Motor Vehicle Expenses Insurance Depreclation Sundry Expenses Vlslting Evan8elism ar OUt3¢h events 141 417 2.378 523 389 507 365 1.472 250 19 265 9.326 163 1.821 13.931 1.613 620 1,756 204 1.558 2.793 593 3.499 28.551 Pastoral Allowance/ Admlnlstratlve Honoraflum Le8al and profe70nal fees Independent Examlnees fee 5.218 336 2C 5.754 4,665 2CK) 5.955 io RCCG-CITYOFPE4CE.. Reportffor theyearended31 December. 2020.
The Redeemed Christian Church of God: City of Pea, Reading Notes to the Accounts for the year ended 3tst December. 2020 Comwrter Funlture and Oth•r & Flttlnp EquInt Totsl Vehkl¢s Cost At 31st December. 2019 Additlons durln8 the Year Disposals At 31st De¢ember. 2020 10,8 595 2,569 13,964 lol 69 14252 At 31st Decernber, 2019 Charge for the Year Dlsposals At 31st De¢•mb•r, 2020 4.320 2,160 238 177 922 S14 5,480 2.850 415 8.330 Net Book Value At 31st D¢cemb•r, 2019 357 1,647 8,484 At 31st Drf•mb•r, 1020 4,320 1.133 S,922 Note 8 B•nk Balanc•s Bank Balances Cash 53,663 23,104 53.663 23.104 Nrte 9 Cr•dftors & A(xnpls Pastornte Allowances 2019 Independent Examlnerfs fee 5.219 2(Kl 5A19 4.665 21x1 li RCCfrCITYOFPEACE.. Reportsfvr theyearended 31 Dttember. 2020.