REGISTERED COMPANY NUMBER: 07491486 (England and Wales) REGISTERED CHARITY NUMBER: 1147980
Report of the Trustees and Financial Statements for the year ended 31 Jan 2021 For RCCG New Life Assembly
DTT Consultancy Ltd 36 Daffodil Close Hatfield Hertfordshire AL10 9FF
RCCG New Life Assembly
Contents of the Financial Statements
for the year ended 31 Jan 2021
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 to 5 |
| Notes to the Financial Statements | 6 to 9 |
| Detailed Statement of Financial Activities | 10 |
RCCG New Life Assembly Report of the Trustees
for the year ended 31 Jan 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 Jan 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number: 07491486 (England and Wales)
Charity number : 1147980
Registered office:
RCCG NEW LIFE ASSEMBLY 1 CARLISLE ROAD KINGSBURY LONDON NW9 0HD
Trustees
Mr Vincent Tokunbo Tunde Ibikunle Mr Philip Adebayo Ajayi Mrs Lara Apoola
Independent Examiner
Tunji Ogedengbe 36 Daffodil Close Hatfield Hertfordshire AL10 9FF
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a Deed of Trust, and consitutes a limited company, limited by guarantee, as defined by the Companies Act 2006
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objective of the church is the advancement of the Christian faith worldwide and relief of poverty. There have been no changes in the objectives since the last annual report.
Significant activities
The principal activities of the church are Christian worship, Christian outreach programmes to increase awareness and to spread the gospel of our Lord Jesus Christ and the development of the whole man.
Every Year, the charity gets involved in community projects in order to advance the Gospel of Christ and our other principal activities. Christmas Lunch on Jesus (COLJ), This is a project where we work with local councils to donate Christmas Hampers to families recommended by the councils. This is one way we show the love of Christ to the community. Another project that we embark on, is the Elderly people's home (EPH) visit where we visit local Elderly people's homes at least twice a year with gift and during our visit we sing hymns and play games with the residents. Twice a year, We also invite and transport elders in the community to the Charity's office for tea party. These meetings encourage friendships and helps build a stronger community.
For the period of this report, the charity also organised picnics and other outdoor and indoor events to bring people from the community together to fellowship with one another and to share the love of Christ.
We hope to be more involved in our local communities this year and the years ahead. We will continue to work will the local council to offer assistance where required in accordance with our aims and objectives.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
Philip Ajayi Date: 28 Nov 2021
Page 1
RCCG New Life Assembly Independent Examiner's Report for the year ended 31 Jan 2021
I report on the financial statements of RCCG New Life Assembly for the year ended 31st Jan 2021 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.
Respective responsibilities of trustees and independent examiner
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of independent examiner's statement
My examination was carried out in accordance with the General Directions given by the Charities Commissioners. 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(i) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements
(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Tunji Ogedengbe
DTT Consultancy Limited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF
Date: 28 Nov 2021
Page 2
RCCG New Life Assembly Statement of Financial Activities
for the year ended 31 Jan 2021
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | Funds | Funds | |||||
| Notes | £ | £ | £ | £ | ||||
| INCOMING RESOURCES | ||||||||
| Incoming resources from generated funds | ||||||||
| Voluntary income | 2 | 172,060 | 172,060 | 178,386 | ||||
| Investment income | 3 | - | - | - | ||||
| Total incoming resources | 172,060 | - | 172,060 | 178,386 | ||||
| RESOURCES EXPENDED | ||||||||
| Charitable activities | 86,306 | 86,306 | 117,082 | |||||
| Support Costs | 79,547 | 79,547 | 59,074 | |||||
| Finance Costs | 41 | 41 | 129 | |||||
| Governance costs | 6,370 | 6,370 | 9,610 | |||||
| Total resources expended | 172,264 | - | 172,264 | 185,895 | ||||
| NET INCOMING RESOURCES | - | 204 |
- | - | 204 |
- | 7,509 |
|
| RECONCILIATION OF FUNDS | ||||||||
| Prior Year Adjustment | - | 10,319 |
- | 10,319 |
- | |||
| Total funds brought forward | 28,756 | 28,756 | 36,265 | |||||
| TOTAL FUNDS CARRIED FORWARD | 18,233 | - | 18,233 | 28,756 |
Page 3
RCCG New Life Assembly Balance Sheet
At 31 Jan 2021
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | Funds | Funds | |||||
| Notes | £ | £ | £ | £ | ||||
| FIXED ASSETS | ||||||||
| Tangible assets | 9 | - | - | - | ||||
| CURRENT ASSETS | ||||||||
| Debtors | 10 | 14,500 | 14,500 | 14,500 | ||||
| Cash in hand | 4,382 | 4,382 | 14,905 | |||||
| 18,882 | - | 18,882 | 29,406 | |||||
| CREDITORS | ||||||||
| Amounts falling due within one year | 11 | - | 650 |
- | 650 |
- | 650 |
|
| - | - | |||||||
| NET CURRENT ASSETS/(LIABILITIES) | 18,232 | - | 18,232 | 28,756 | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 18,233 | 18,233 | 28,756 | |||||
| NET ASSETS | 18,233 | - | 18,233 | 28,756 | ||||
| FUNDS | ||||||||
| Unrestricted funds | 12 | 18,233 | 18,233 | 28,756 | ||||
| TOTAL FUNDS | 18,233 | - | 18,233 | 28,756 |
Page 4
RCCG New Life Assembly Balance Sheet
At 31 Jan 2021
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 January 2020 in accordance with Section 475 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keep accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act
The financial statements were approved by the Board of Trustees on 28 Nov 2021 and were signed on its behalf by:
Philip Ajayi Date: 28 Nov 2021
Page 5
RCCG New Life Assembly
Notes to the Financial Statements
for the year ended 31 Jan 2021
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 April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery -20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. VOLUNTARY INCOME
| Tithes and Offerings 3. INVESTMENT INCOME |
2021 2020 £ £ 172,060 178,386 |
|---|---|
| 172,060 197,904 |
|
| 2021 2020 |
Page 6
RCCG New Life Assembly
Notes to the Financial Statements-continued
for the year ended 31 Jan 2021
4. PRIOR YEAR ADJUSTMENT
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| - | - | |
| - | - |
5. SUPPORT COSTS
| 5. SUPPORT COSTS | ||
|---|---|---|
| Direct cost of activities in furtherance of the charity's objectives Support Cost Finance Cost 6. GOVERNANCE COSTS Accountancy Professional Fees |
Management Finance £ £ 86,306 - 79,547 - 41 |
Totals Totals 2021 2020 £ £ 86,306 117,082 79,547 59,074 41 129 |
| 165,853 41 |
165,894 176,285 |
|
| 2021 2020 £ £ 650 650 5,720 8,960 |
||
| 6,370 9,610 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 1 January 2021
Trustees' expenses
There were no trustees' expenses paid for the year ended 1 January 2021
Page 7
RCCG New Life Assembly
Notes to the Financial Statements - continued for the year ended 31 Jan 2021
8. STAFF COSTS
| Wages and salaries National Insurance Other pension costs The average monthly number of employees during the year was as follows: |
2021 2020 £ £ 38,562 40,825 - 2,235 |
|---|---|
| 38,562 55,470 |
|
| 2021 2020 2 2 |
|
| 2 2 |
No employees received emoluments in excess of £60,000.
9. TANGIBLE FIXED ASSETS
| COST At 1 February 2020 Additions Disposals At 31 January 2021 DEPRECIATION At 1 February 2020 Charge for year At 31 January 2021 NET BOOK VALUE At 31 January 2021 At 31 January 2020 |
Plant and machinery Motor vehicles Totals £ £ £ 34,480 12,600 47,080 - - |
|---|---|
| 34,480 12,600 47,080 |
|
| 34,480 12,600 47,080 - |
|
| 34,480 12,600 47,080 |
|
| - - - |
|
| 9,490 - 12,010 |
10. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 10. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |
|---|---|
| Loans 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Wages Social Security Social Security and other taxes Accured expenses |
2021 2020 £ £ 14,500 14,500 |
| 2021 2020 £ £ - - - - 650 650 |
|
| 650 10,989 |
Page 8
RCCG New Life Assembly
Notes to the Financial Statements - continued for the year ended 31 Jan 2021
12. MOVEMENT IN FUNDS
| General fund TOTAL FUNDS |
28,756 204 - 28,552 Net movement At 01/02/2020 At 31/01/2021 |
|---|---|
| 12,316 204 - 28,552 |
Net movement in funds, included in the above as folows:
Unrestricted funds General fund TOTAL FUNDS
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| 2021 | |||
| £ | £ | £ | |
| - | - | - | |
| 172,060 | 172,264 | - | 204 |
| 172,060 | 172,264 | - | 204 |
Page 9
RCCG New Life Assembly
Detailed Statement of Financial Activities for the year ended 31 January 2021
| INCOMING RESOURCES Voluntary income Tithes and Offerings Investment income Deposit account interest Total incoming resources RESOURCES EXPENDED Charitable activities Rent and Rates Gifts and Donations Hospitality Honorarium Printing and reproductions Travel and Subsistence Central Office Governance costs Independent Examination Professional Fees Support Costs Salary related cost Employer's NI Insurance Light and heat Office expenses Other Advertising and PR Subscription Repair & Maintenance Cleaning Utilities Legal Telephone Storage Finance Bank Charges Total resources expended Net income |
2021 2020 £ £ 172,060 178,386 - - |
|---|---|
| 172,060 178,386 |
|
| 70,297 100,164 2,400 2,400 1,020 700 50 583 282 126 966 12,200 12,200 |
|
| 86,306 117,082 |
|
| 650 650 5,720 8,960 |
|
| 6,370 9,610 |
|
| 38,562 40,825 2,235 2,890 2,665 7,376 8,732 2,401 1,137 2,067 250 228 343 1,152 1,106 11,828 535 2,112 - 4,417 1,003 1,781 4,977 696 |
|
| 79,547 59,074 |
|
| 41 129 |
|
| 172,264 185,895 |
|
| 204 - 7,509 - |
Page 10