The Redeemed Christian Church of God-city of Peace, 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, 2021 RCCG.Cityof Peoce." Report5for theyeorended 31 December, 2021. The Redeemed C￿7st1an Church ofGod-City ofPeace, Reading. CONTENTS Page Reference and Administrative Details of the Charity Trustees, Report Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Ststements 9-11 RCCG-City of Peoce.. RewrtsfvrtheyeoreTrled 31 December. 2021. The Redeemed Christian Church of God-city of Pea￿, Reading. REFERENCE AND ADMINisfRATIVE D￿AlLs OFTHE CHARiri, rrs TRusfEES AND ADVISERS FOR THE YEAR ENDING 31 DECEMBER, 2021 GENERAL OVERSEER Pokw£AAdebffj Trustees Pastor Oladipo Lawal Pastor Tunde Olagunju Pastor Abayomi Kolade Dr. Dele Alabi Dr {Mrsl Ayobami Bamidele Charlty Re8iStration Number 1145566 Prlncipal Office Zl, South Street Readln8- RG2 8TX Postor In Charge Independent Examlner Adebayo OLABISI. Fci FFA, FIPA 7, Mossbrook Drive, Manchester. M38 9TJ. Bankers NATWEST 8ank Market Place Branch, Readin8. RCCG-city of Peace." Rewrtsfvr the yeureTh4ed 31 December. 2021. The Redeemed Christian Church of God-city of Pea￿, Reading. TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 The Trustees submit their annual report and the Financial Statements of the Redeemed Chri5tion Church OA God (RCCGI CITY OF PEACE (The CIH¥rftyJ for the year ended 31 December. 2021. The Trustees confirm that the Annual Rep)rt and the Financial Statements of the Charity comply with the current statutory requirements of the Charivs governire documents and the provisions of the Ststement of Recommended Practice ISORPI 'Accounting and RetM)rting by Charities" issued in March 2(X)5 The Charity also trades under the name crry OF PEACE STATUS The Charity was constltuted under a Tnjst Deed and wa5 reOstered In ErEland and Wale5 with Charlty number 1145566. APPOINTMENT OR ELEcfioN OF TRiISTEE&. Trustees are elected and or appolnted under the tem)s of the Trust Deed. POLICIES ADOPTED FOR ThE IIIDLThON MID TRA1141NG OF NEWTRUSIEES The inductlon process for a newly appointed member of the Board of Trustees comprlses an initlal meetin8 with the Chair and otherTrustees, followed by short meetings with the Pastor in tharBe on the powers and responsibilities of the Trustees. ORGANISATIONAL sTrucfuRE AND DEa￿oN WKING The Charlty is organised so that the TTUStees meet regularly to manage its affalfs. The Pastor in Char8e- Pa5torJ05eph Bamldele manages the day-to-day administration of the Charity on a voluntsry basis. RELATED PARfi RELATIONSHIPS: RCCG {C17YOF PEACE) Is a Parish of the Redeemed Chrlstlan Church of God which has parishes all over the world. The Parish's relatlonship wlth other Parishes is governed by an "Agreement of Common Purpos RISK MANAGEMENT The Trustees have assewd the major rlsks to which the Charity 15 exposed, In partlcular those related to operatlon5 and finances of the Charlty. and are satisfied the gistems are in place to mitigate our exposures to the major risks OBJEcfs AND ACTIVMES The principal object is the advancement of the Christian falth worfdwlde. and to promote any charltable activity for rhe beneflt of the local people through: Runnlng seminars In the Church wlth prcwen ministers of the falth to gulde members In the varfous aspects of Chr15tian faith. Support for other Charities and Chrfstian evdbt& The activlties for achieving Its objectives indude.. Community Out￿aCh events: Conferences and events; Welfare support to members and general publlc: and Various mi55ionary activitie& Rcc￿•fy of Peoce.. Rem7rt5fvrtheyeurended 31 DÉYember, 2021. The Redeemed Christian Church of God-city of Pea￿, Reading. TRUSTEES. REPORT (coKfiNUED) FOR THE YEAR ENDED 31 DECEMBER 2021 FUNDING AND Gwif MAKING KIUCY:The prÉndpa souro offvnthngtothe OMrity is D￿at11)nS cr*npllmented by Gift Alds. The Charity 3L50glve oUt￿Ortts suppyt in Ilne with its obiecd VOWNTEERS: Th• thartt7 as modltled for smaller Charltles. Approved by the Trustees on: .-- and $18ned on their behalf ty: Pa51or Olatunde nju RCCGCITYOFPEACE.. Repor&stor fhey¢orended31 Decemb•r. 2021 The Redeemed Christian Church of God: City of Peace, Reading Notes to the Accounts for the year ended 3tst December. 2021 Note I Accourrtlng Policies The Accounts have been preparedunder the Historical Cost Convention in accordance with applicable Accounting Stsndards. They follow Best Practices as ststÈd out in the Statement of Recommended Practice.. Accountlng and Reporting by Charftles ISORPI issued In March, 2CQ7 as modffied for 5rnall ChaTltles. bl Income Is accounted for on Actual Recelpt Basis while Expenditu￿$ are recorded on Accrual Basis cl Fixed Assets: Comprise of Motorvehicles, Musical Equipment. Offlce Equipment and Furniture items, and are ststed at Cost Le5S Depreciation dl Depreciatlon is provlded at rates cakulted to wrfte off the cost of the assets (less expected dlsposal value) over expected useful lives. The following rates appty: Motor Vehlcles- Computer and Other Equlpment: Funiture & Flttin8S -20% Note 2 Don•tlons Le8Kl•s and Slmll•r Incomlng Rewrces 2021 2020 Mthes offerln8 Thanksglvlng. Bulldln8 & Others 29897 11.162 17.301 58.360 21,610 13,082 9.312 Note 3 Gift Aid Received 9,767 751 RCCG-CITYOFPEACE.. Reportsfvr theyearended 31 December, 2021 The Redeemed Christian Church of God:City of Peace, Reading Notes to the Accounts for the year ended 31st December. 2021 2021 2020 Note 4 Grants Payable-lnstitutlonal World Evangelical Mission (WEM) Central Office Funding 2.160 360 2.520 1.873 360 2,233 Note 5 Cost of A(￿V￿leS In FurtI￿rance of Charfty Objects Accomodation & Lod8in8 Travel and Subsistence Rent, rates and Lkence5 Welfare Expenses Telephone and Cornmunltatlon Printing and Publicity Motor Vehicle Expenses Insurance Depreciation Sundry Expenses Training & Development Vlslting Evangelism and Outreach events 850 1,434 11.536 475 898 870 619 1.361 3.416 135 575 1,837 24,006 141 417 2,378 523 389 507 365 1.472 2,850 19 265 9,326 Note 6 Mana8ement and Govern•rtce Costs Pastoral Allowancel Administrative Honorarfum Legal and Professlonal fees Independent Examinerfs fee 6,398 2,412 250 5,218 336 200 5,754 io RCCG-CITY OFPEACE.. Reportsfor theyearended31 December, 2021 The Redeemed Christian Church of God: City of Pea￿, Reading Notes to the Accounts for the year ended 31st De￿Mber, 2021 Motor Vehicles Funliure & Flttlngs Totsl and Other Equipment Note 7 Flxed Auets At 71 ¢t r)prpmbor. 2020 Additions during the Year Dlsposals At 3tst December. 2021 10.8 883 2,826 2,569 14,252 2,826 iowi 17,078 Depreclatlon At 31st December, 2020 Charge for the Year Dlsposals At 315t December, 2021 415 742 1,436 514 8,331 3,416 2.160 1.157 1,950 11.747 Net Book Value At 315t December. 2020 4320 1,133 5.922 At 31st Dec•mb•r, 2021 1160 2,552 619 5,331 Note 8 Bank Balances Bank Balances Cash 88,024 53,663 88,IY24 53,663 Note 9 Credltors & A¢¢N•ls Pastorate Allowances Independent Examlnerfs fee 6.398 250 5.219 2￿ 5,419 li RCCG-CITYOFPEACE.. Reportsfor theyeGrended31 December. 2021