The Redeemed Christian Church of God-christ Ambassadors Parish Charlty Reg. No 1147264 TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf, 2021 RCCG-ChrlstAmbassadO￿POrLIh.. Reportsfor theyearended31 Augu5¢ 2021. The Redeemed Christian Church of God-christ Ambassadors Parish CONTENTS Page Reference and Administrative Details of the Charity Trustees, Report Independent Examinerfs Report Statement of Flnanclal Artivities Balance Sheet Notes to the Financial Statements 9-11 RCCG-ChristAmbo&sodorsPari¥h.. Report5fvr theyeor ended31 Augus¢ 2021. The Redeemed Christian Church of God-christ Ambassadors Parish REFEREN￿ AND ADMINisfRATIVE DEfAILS OF THE CHAIIITY. rrs TRUSTEES AND ADVISERS FOR THEYEAR ENDING 31 AUGusf, 2021 GENEIIAL OVEASEER Trustees Pastor Olatunde Sampson OLAGUNJU John Adeyemi DINA Pastor Adeyemi AJAYI Pastor {Mrsl Bosola OGUNSOLA char￿ Reglstration Number 1147264 Prindpal Office 28, Garswood Road, Manchester. M147LL Postorln Charye 3P Independent Examlner Adebayo OLABISI, ￿ FFA, FIPA 7, Mossbrook Dtive, Manchester. M38 9TJ Bankers NATWEST Bank 9111 Preunrt Centre, Oxford Road, Manchester M13 9N RCCG-Chnstkniba&fadors Parish.. Reportsfvr theyearended31 Augus¢ 2021. The Redeemed Christian Church of God-christ Ambassadors Parish TrUSTEfs REPORT FOR ThE YEAR ENI)ED 31 AUGusf2021 The Trustees submit their annual report and the Financial Ststements of The Rede￿ Chrlstknn Church OA God IRCCG) ChttystAmbnssodtys Porfsh (The Charlty) for the Year ended 31 August. 2021. The Twstees confirm that the Annual Report and the Financial Ststements of the Charity comply with the current statutory requirements of the Charityls governing documents and the provisions of tr* Statement of Recommended practi￿ (SORPI "Accountin8 and Reportin8 by Charitie< issued in March 2(M)5 STATUS The Charity wa5 constituted under a Trust Deed dated I September. 2011 as amended on IP May. 2012. It was reglstered in England and Wales with Charity number 1147264 on the 15 of May.2012. APPOINTMENT OR ELEcfioN OFIRusfEE&. Trustees are elected and or appolnted underthe ternis of the TNst Deed. POLICIES ADOPTED FOR THE WLwfioN TRA1111146 (% PIEWTRIMEES The Inductlon process for a newly appolnted member of the Board of T￿￿tee$ comprlses an Inltlal meetlng wlth the Chalr and otherTrustees, followed by $I￿rt meetln8s wlth the Pastor In Cha￿e on the powers and responslbllltie5 of the Trustees. ORGANISATIONAL STrUCTURE AND DEasioN MAKING The Charity 15 O￿anISed so that the Trustees meet regularfy to manage Its affalrs. The Pastor In Char8tr Pastor Kolowole Aboyoml Oyedele mana8es the day to day administration of the Charlty on a voluntary basls. RELATED PARTY RELATIONSHIPS: RCCG (CHRsfAM&4WDORS PARISH) Is a Parlsh of the Redeemed Chrfstlan Church of God which has parlshes all over the world. The Parlsh's relatlonshlp wlth other Parlshes Is govemed by an "A8reement of Common Purpose". RISK MANAGEMENT The Trustees have assessed the major risks to vthlch the Charlty Is exposed, In partlcular those related to operatlons and finances of the Charlty, arrfl are sattsfled the systems are In place to MI￿￿te our expDsure5 to the major rlsk5 OBJECTS AND ACTivmES The prlnclpal oblert Is the advan￿ment of the Chrfstlan falth worldwlde, and to promote any charftsble actlvlty for the beneflt of the local people throu8h." Runnlng semlnars Sn the Church wlth proven ministers of the faith to 8ulde members in the various aspects of Chri5t5an faith; Support for ￿her Charltles and Chrlstian even The advltles for achlevlng Its objectlves Include: Communtty outreach events Conferences and events Welfare support to members and 8Èneral public, and Various missionary activitie5 FUNDING AND GRANT MAKING POUCY. The principal S(￿r￿ of fundin8 to the Charity Is Donatlons cornpllmented by Glft Aids. The Charlty also glye outgrnnts and support in Ilne with Its objectlve& RCCG-ChristAmbassadors Parish.. Reportsfvr theyearended31 Augurt 2021. The Redeemed Christian Church of God-christ Ambassadors Parish TrU5fEE5 REPORT (copmNuED) FOR ThE YEAR ENDED 31 AUGusf. 2021 VOLUNTEERS: The ChariVs activities are carried out by volunteers who provided services in different capacitles. It Is estimated that over 1,980 hours were provided by volunteers durin8 the year. If this Ès conser4atively valued at £8.91 per hour, the volunteerf effort will amount to £17.641. REVIEW OF AcfMTIE5: Trustees record their appreLiation to all Donors who supported the Charity to the tune of £35,868 durin8 the period under review. A sum of £6,131 was daimed as Gift Aid 3nd the Charity gave out £600 in Donation and Grants. COVILk19 pandemic imposed some restraints on the activities of the Charity. While lockdown rules were relaxed In the course of the financial year. the effect Still Ilr8ered on. The management contlnued to maintain artive contartS With the congregation throu8h effertive Virtual communicatlon. Vulnerable members were 85ven dirert support and st8nposted for further help as approprlate. The Trustees are ￿tISfied wlth the success of the Charlty In meetSn8 Its objectyves durfn8 the Same perlod,. and are optlmlstlc that St wlll contlnue to do so. INVESTMENTS . There were no Investrnents dur1￿ the perl(xl. ¥rATEMENTS OF TRUSTEES, RESPONSI8IirnES The Trustees are responsible for preparln8 the Annual Report and Financial Ststements in accordance with applicable laws and regulatK)ns. Charity law requlres the Trustees to prepare Flnanclal Statements for each Flnandal Year. Under that law the Trustees have elected to prepare the Financial Ststements in accordance with the United Kin8dom Generally Accepted Accountlng Practlce Iunlted Kln8dom Actountlng Stsndards and appllcable lawl. The Flnanclal Statements are required to give a true and fair vlew of the state of affalrs of the dwrlty for that perlod. In prep•rln8 these financial statements, the Trustees are required to: Select sultsble account1￿ polldes and then apply them conslstently.. Make Judgement and estlmates that a￿ reasonable and prudent: Prepare the finandal ststements on the 8olr% concern basls Un￿55 It Is Inapproprlate to presume that the Cornpany wlll witlnue In operntion. The Trustees reco8nlse thelr responslbllities to keep properaccountirq recordsthat disdose wlth ￿3$Onable accuracy at any tlme the financlal posltlon of the charlty and enable them to ensu￿ that the FSnandal Ststements comply wlth the Charities Act 2011. They are also responslble frK saft8uardln8 the assets of the company and hence takln8 reasonable step5 for the prevention and detectlon of fraud and other Irre8ularttles. The appended flnanclal statements have been prepared on the accruals basls and have been examlned by an Independent examiner, whose report_ is also appe_nts￿._ Approved by the Trustees on ..and sÈned on thelr behalf by: Olatunde sampson OLAGUMIU (Trusree). RCCG-ChristAmbassadors Parish.. Reporrsfvrtheyeorended 31 Augus¢ 2021. The Redeemed Christian Church of God-christ Ambassadors Parish INDEPENDENf EXAMINEWS REPORT FOR YEAR ENDED 31 AUGUST 2021 TOTHE TRUSTEESOF ThE AEDEEMED alRISTk4N CHURCH OF G¢)D (RCC61 alR15T AMBASSADORg PAAISH I report on the atti>unts of the Charltyfry tr* y￿ ended 31 AUGUST 2021 whrch is set wt on pages 7-11 RESPECrnIE RESPONSIBILMES OFTHE TRUSTEESAIID THE EXAMVIER The Chariws Trustees are responsible f￿ the p￿paration of the kcounts. The tharbtrfs Trustees eonsldèr that an Audlt Is not requlred fty thls year under Section 14511) of the thafitfiesA¢t 2011 and that an Independent Exarr4natlon is needed. It Is my responsllAllty to.. Examlne the Act￿nts lunder Section 145111 lal of the 2011 Act: Follow the pro¢edwes laid down in the general dlrectlons 8wen by the Charfty Commlssloners and State whther partlcular matters haNY come to my attenti(n. BAS15 OF EXAMINEW5 sfATEMENT My •xamlnatlon was carded out In acctydwce tA4th the 8enernl dlrectlons gi¥•n by the tharlty Cormi1$￿¢￿rS. An examlnatlon Include5 a re¥lew of the Acc(wntiw reccxds kept by the tharity and a Comparis￿ of fv A£counts presented wlth those records. It also InclLxle5 conslderatlon of any unusual Items or dlSdcffjU￿ In the acuwnts. and seeklr4 explanatlon5 from you a5 Trustees concernln8 any such matter& The wocedures undertaken do not provide all tre evldence thatwould be requlred In an audlt, and consequently I do not exwess an audlt opnion on the wew gk¥en by the acu>unts. EXAMINEWS sfATEMErir In connettlon vAth my examlnatlorn no matter has comè to my attent1￿ to *ve me reaSona￿e cause to belleve that In any materlal respertthe requlrements To keep Accoun￿￿ rec￿d5 In a￿L￿dan￿ wlth the reqUIr￿)ent ofsethon 130 of the Charloes kt 2011; and To prepare Accounts whlch accord t•Ath the Kcountlr8 r•cords and to corn￿1 wlth the Ac¢ountln8 r*g￿Tements of the Charltles act 2011 ha¥e not been met. or to which. In my oplnlorn attentlon should be drdvm kn tyder to enable a proper understsndln8 d the xcounts to be reached. SIGNED Arfetsq￿ . Bank and Cash Balances Other Assets Total Assets 61.652 177,687 2.974 182.455 197887 Uabllltles: Amont Due wlthln l Year 360 197,127 182,095 Charlty Funds: General Unrestrlcted 197,127 182,095 Totsl Funds 197,127 182,095 The Accounts have been prepared Sn attordance wlth special provlslon of Statement of Recommended Prattke: Accounti and ￿portIng by Chrltles ISORPI Issued In March 2(K17 as modffled for smaller Charitles Approved by the Trustees on: and Slgned on thelr behalf by: Pastor Olatunde Sampson OLAGUNJU The Redeemed Christian Church of God- Christ Ambassadors Parish Notes to the Accounts for the Year ended 31st August. 2021 Note i ACcCwntl￿ Pollcles a The Accounts have been prepared under the Historical C05t Convention In accordance with applicable Accountln8 Standards. They follow Best Practice5 as stated out In the Statement of Recommended Practice: Accountin8 and Reporting by Charities ISORP) issued in March, 2(X)7 as modrfied for small Charit*s. b) Income 15 accounted for on Actual Recelpt Basls while Expenditures are recorded on Accrual Basi5 ¢) Flxed Atsets: Comprlse of Motor Vehicles, Muslcal EquipmenL Office Equipment and Furnlture Items. and are stated at Cost Less Depreclatlon dl Depre¢latlon Is provlded at rntes calculted to wrlte off the cost of the assets (less expected disposal value) over expected Useful Ilves. The followln8 rates appty: Bulldln8' 4% Motor Vehlcles: -25% Computer and Office Equlpment: -25% Muslcal Equlpment -25% Funlture & Flttlngs -25% • No Depreclatlon was applied as renovath)n WO￿ were stlll ongoing at the year end. Note 2 Donatlons, Le8a¢les and Simllar Incomlng Resources 2021 2020 Collectlon * SeThkes 35,869 37.678 Note 3 Glft Aid Received 6.131 6,270 Note 4 Other Assets Deposlt for 8ulkllnB Others 1.974 Z,974 The Redeemed Christian Church of God Christ Ambassadors Parish Notes to the Accounts for the Year ended 31st August. 2021 2021 2020 Note 5 Grants payable4￿￿tut￿jnaI World Evangelical Mission (WEM) Central offi￿ Fundin8 2,550 3.150 Note 6 Cost of A¢llth In Further4￿ ol Charlty Objects Wisltln8 Speakers Expenses Tralning Seminars and Conferen Travel and Subsisten Rent. rates and Licences Weffare Expenses Prlnting and Publlclty Motorvehicle Expenses Insuran Depreclation Hospltslity Repalr and Malntenance 950 275 901 2,186 251 1,768 1,393 275 627 1,702 4,841 85 634 933 3,295 3,632 1,427 2.932 16,3 19,115 Nots 7 ManaDment aNI Govern•n¢• Costs Admlnlstratlve Salarles Legal and Pmfesslonal fees Independent Examlnerfs fee 8,570 I,ioi 360 10,031 7,425 5,219 360 13,Ci io The Redeemed Christian Church of God- Christ Ambassadors Parish Notes to the Accounts for the Year ended 3tst August. 2021 Buldlry Mrrtar Computw Funlture Total Vehk4¢s Equlpmert and & FlttingJ Equlpment Note 8 Flxed Assets At 1st September. 2020 Additions Dlsposals At 31 Au8USt. 2021 750 120,881 4,192 3,479 11,734 14,421 138.881 6,266 1.631 4.192 15.213 6.266 153,302 D•pred•llon At 1st September,, 2020 Charged for the year 3,331 850 3,118 3,803 12,627 4,841 At 31 Aii8usL 2021 376 4,181 6,921 Net Book Value At 31 Augus¢ 2020 io 361 1,794 At 31 Au¢irt 2021 121256 io li 8292 6266 135,835 Note9 Bank Balances Main Account Building Account Excellent Men 56.(N)2 4.512 1,138 61.652 167.671 8.215 1,801 177,687 Note 10 Credltors & A¢cruals Independent Examlnerfs fee 360 360 li