THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAIAOUR'S PARISH tharity Regi5trdtion No". I14)? TRusfEES' ANNUAL REPORT AND FINANCIAL sfATEMEMr FOR THE YEAR ENDED 31 DECEMBER 2021
THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR'S PARISH otity Re8iStrdtton No: 1148(KJ7 CONTENTS Reference and adrnlnistratlve detslls Trustees, Annual Report Independent Examinevs Report Balance Sheet Statement of Financial Activities Notes to the financial statements io
THE REDEEMED CHRisnAN CHURCH OF GOD OLIR SAVIOUR'S PARISH Charity Registration Nk): 11481Y)7 REFERENCE AND ADMINISTRATIVE DETAILS OFTHE CHARITY. ITSTRusfEES & ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021 Trustees DR Olatokunbo Sangowawa (Chairman) Akinlolu R Ladokun Comfort Dina Vincent Dina Adedotun Babalola Gerterdl Overseer Pastor E A Adeboye Prlnclpal Addres5 111>112 Norton Road Stockton On Tees T520 2AQ Charity Registrntion No." I1487 Banker Barclay5 Bank & Yorkshire Bank Independent Examlner AKA Compliance Limited 4 St Luke's Place Hebburn NE31 IRR
THE REDEEMED CHRisnAN CHURCH OF GOD OUR VIoU5 PARISH Charity Registration No: I14)7 TRUSTEES. ANNUAL REPORT FOR ThE YEAR ENDED 31 DECEMBER 2021 The trustees submit their report and the financial stratements of The Redeemed Christian Church of God {RCCGI Our Saviourfs Parish for the year ended 31 DECEMBER 2021.The trustses ¢onfJrmed that the annual report and flnancial of the charity cornp with the current statutory requirements of the charfjty governing documents and the provisions of the Statement of Recommended praCte {SORPI Accounting and Reporting by Charities, issued in March 2CK)5. STATUS The charity was con51itLrted under a Trust deed dated 9 April 2012 and ts re8lstered in England and Wales with charity nymber 1148OJ7. The Charity was Incorporated on 10 December 2021 as a private company limited by guarantee without Share copital. The registered company number is 13792919. The first statement of accounts for the comp3ny will be for the year up to 31 December 2022. APPOINTMENT OR ELECTION OF TRUSFEES Trustees are appolnted under the terms of the tnjst deed. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charity is organised in such manner that pem)its the trustees to meet and manage fts affairs. The Pastor In charge mana8es the day-ttrday administration of the thurth. RELATED PARTY RELATIONSHIPS The charity 15 3 parish of The Redeemed Christian Church of God IRCCGI which has parlshes all over the world. The charity's relationship with other RCCG parishes is governed by an 'Agreement for Common Purpose5'. PRINCIPAL FUNDING Funding ho5 been provided mainty through tithes and offerings ty church member& OBJEcfs AND ACTIVITIES The principal object is the advancement of Christian faith worldwide and the lief of p)verty. To promote ny charitable activity forthe bEneffts of the local peopte to achieve its objective the charity adopted the followSng strate8ies: Conductlng Sunday worship services onsite and online which allows members to participate in prayer, sin8ing and listening to the Bible bein8 preathed. This indudes proven ministers of faith to guldlng members in the various aspect5 of the Christian faith- Friday chur¢h-wide prayer on social media platforrns: Support for other chartttes and Christian everrts hekl other churches: Support members of the church and community thm4h difficult circumstances such as death orjob loss, with food and other nssIt1es,. and
THE REDEEMED CHRisnAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registrdtion fvlo: 1148(M)7 TRiISTEES' ANNUAL REPORT Icontlnuedl FOR THE YEAR ENDED 31 DECEMBER 20U ReglaT visitations wtthin the local community to provide requlred sodal support to those in need. including dropplng at their d¢)or while maintaining social distance in line with government guidelines. THE CHURCH ACHIEVEMENTS ANO PERFORMANCE The charity donated regularty to the RCCG Central Offlce and other parlshes ofthe RCCG. The charty held several evangelism events and outreach to support the local community and to share the love of Christ through givlng to the needy. STATEMENT OF TRUSTEES, RESPONSIBIUTIES The charity trustees are responsible for preparing the trustees, annual report and financial statements In accofdance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Actepted Accounting Practlcel. The law applicable to charities in England and Wales requires the trustee5 to prepare financial statements for each flnancial year whlch gives a trne and fair view of the state of affalrs of the charlty and of the incoming resources and application of resources of the charrty for ihat period. In preparin8 the financial statements, the trustees are requlred to: Select 5ultable accountln8 policies and then applythem consistentlyi Observe the method5 and prlnclples in the Charitles SORP: Make judgement and estimate5 that are reasonable and pdent.. Prepare the finan¢lal statements on the goln8 concern basis unle55 It15 Inappropriate to presume that the charity will continue in operation. The trustees recogni5e their responsibilities to keep proper accountin8 records that disclose with reasonable accuracy at any time the financial p05rtion of the charity and enable them to ensure that the fSnancial statements comply with the Charity Act 2011.They are also responsible for safeguardinB the assets of the charity and hence taking reasonable steps for the prevention and detertion of fraud and other Irregularities. The appended financial statements have been ppared on the accrual basis and have been examined by an independent examiner, whose report 15 also appended.
THE REDEEMED CHRlSnAN CHURCH OF GOD OUR &4VIOUR'S PARISH (harity Re8iStration No: 1148(M)7 Approved by the Trustees and signed on their behalFby: Name: £A&S)A Slgnature.. Position: Date.. 30. Qq. IQ2
THE REDEEMED CHRisnAN CHURCH OF GOD OUR SAVIOUWS PARISH Charity Re8i5trétion No". I147 INDEPENDENT EXAMINER'S REPORT TO THE TRvsfE£S OF THE REDEEMED CHRisnAN QIURCH OF GOD OUR SAVIOUR'S PARAISH I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which is set out on pa8es 8- RESPONSIBILITIES AND BASIS OF REPORT As the charity trustees of the Trust you are responsible for the preparation of the accounts Sn accordance with the requlrements of the Charities Acl 20111The Act"). I report in respect of my examinatlon of the Trust's attounts carTied out under sertlon 145 of the 2011 Act and in carryin8 out my examination I have followed all the applicable Dlrective5 given by the Charity Commlssion under section 14515llbl of the ACL INOEPENDENTEXAMINER'S STATEMENT I have completed my examinatlon. I confirm that no materlal matters have come to my attentlon In connettion wlth the examination 8ivln8 me cause to belleve that in any materlal respe¢t'. accountin8 records were not kept tn respett of the Trust as ffjquld by sectton 130 of the Act.. or 2. the 8ccounts do not accord with those records: or 3. the accounts do not compty with the applicable qUIreMents concemin8 the form and content of accounts set in the charltles (Accounts and Reports) Regulations 2(K)8 other than any requirement that the accounts give a'true and fairview. which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connertion with the examination to whlch attention should be drawn Sn thls report In order to enable a proper understandlng of the accounts to be reached. Abiola Akintunde, ACA AKA ComplSance Limited 4 St Luke's Place Hebburn NE31 IRR
ThE REDEEMED CHRisnAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No". 1148(KJ7 BALANCE SHEET ASAT YEAR ENDED 31 DECEMBER 2021 1021 Tolal 2020 Total FIXEO ASSErs Tangible Assets Note5 14.337 9.ts11 CURRENT ASS Cash and bank balance5 63,020 37.411 SHORT TERM LIABILITIES Aceruals Loan13mount falllng due wlthin a year) 554 CURRENT ASSErs ,857 LONG TERM UA8IUTIES Creditor5 lamouni fallng due after more than one year) 12.373 17,C NE[ ASSETS CHARITY FUNDS Unrlstricted Funds Restrtcted Funds 3L055 29.748 19,189 Approved by the Trustee and signed on their behalf by.. Name Slgnature Position Date
THE REDEEMED CHRisnAN CHURCH OF GOD OUR SAVIOUR'S PARISH tharity Re8istTation fr&J: 114&J)7 STATEMENT OF FINANCIALAcnvwnES FOR THE YEAR ENDED 31 DECEMBER 2021 20x7 Totsl INCOMING RESOIIACE5 Oonations, legacies & sirnll¥thrninqres¢x Olher IrKome Noies 59.329 iO.&X* 69.737 J.f49 ,939 9.(0) 19,4c4 .&J9 ,346 46.515 11103 58,618 RESOURCES EXPENDED Ch•rit•ble EMpend¢ture Management and Govem•nreC Total Resource$6xpènded 733) 40.871 7,57D 40.871 10,823 SS Net InWmlnl¢tsOi) Resources fr#th• .559 Ji.906 8ALANCEATThE BEGINNINGOFThE YEA . a898 25.507 8AL4NCEATTHEÉND OF YE1ft IL055 2•.74B
THE REDEEMED cHRIN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No.. 1148(K17 NOTES TO THE Accoumrs I. ACCOUNTING POUCIES al The accounts are prepared under the historKal cost convenb.on and in accordance with applicable accoLtnting Standards. They follow best practite as set out In the Ststement of Recommended Practice: Accounting and Reporting by Charities (SORPI iwd March 2L5 as m¢)dified for smaller charities. bl Income and expenditure ts accounted for on an accruals basis. cl Flxed assets compYSse furntture & frtting and motor Vehicle whlth have cost more than £200.TanBible fixed assets are stated at cost less depreuation. DepcIatiOn is provided at rate5 calculated to write off the cost of fixed assets. less their estimated residual value over their expected useful lives on the followin8 bases.. Motor vehlcle Equlpment Computer Equlpment Furniture and fittiry Portakabin 25% reducing balance 25% stralght Ilne 25% straight line 25% strai8ht line JO% ducIng balan 20 Unrestrkted Fund Restrlrted lund Total 2020 Total 2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES rithe Offerin Thanksgiving Buildin8 Other 24.848 18,792 1.253 1.622 IL532 Z5TI 11.532 15n L559 L559 59.319 60,939 46,515 20 Total un$trItted Fund Restrlrted lund Total 3 OTHER INCOME JRS Grant Glft Aid Bank Interest 10.344 63 10.4 10.344 63 12.051 52 11103 19. io
THE REDEEMED CHRisllAN CHURCH OF GOO OUR SAVEOUR'S PARISH Charity Registration No." 11481K)7 NOTES TO THE ACCOUNTS 2020 Total Vnwe5trirted Fund Restri(ted lund Totsl 4 CHARITABLE EXPENDtruRE Gift and Donations Travel & subsistence COV1019 Welfare Evangelism & Missions Books and Publicaiion 1866 230 230 242 1,212 5.$07 52 10.811 3.396 7.520 7.570 2021 Unrestrlrted Fund Restrlrted fH1 Totsl 2020 Totsl 5 MANAGEMENT & GOVERNANCE COST Depreciatlon Expense Insurance Motor Expense Offlce Supplle5 Rates Rents Repairs Decoration5 Telephone and Intemet 4,113 324 4,113 324 2.154 532 1069 9,625 1.379 L767 1221 532 1069 9,625 1,379 1,314 2,265 13,500 1273 61 338 4.110 12 270 69 1,865 3,158 1,865 3.158 Bank Charges Postages and Oellvery "cences and Pemits Interest payable Payroll Trustee Meetln8 Professional fees 63 63 425 13.834 13.834 12A72 126 40,871 40,871 li
THE REDEEMED CHRisllAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No: 1148(M)7 NOTES TO THE Accouwrs 6 TANGIBLE FIXEDAS Cost at ijanuary 2021 Additlons durlngthe ye¥ Dlsposals duklngthe ye At 31 Decernber2021 COMIE41pMert Fumliure &Flitky f4ulpmert Vehode Portakabln Totsl L76¢ 7.696 17211 IL524 26.203 9.410 Z728 11324 3IB85 1783 794 .784 Depreclatlon at iJ8nuary 2021 Charge(J fortheye Dispcsed of durlngthe yt• At 31 DeMber2O21 1491 5,983 171B 4915 Ll52 17,162 4.113 1728 18.547 1728 Z567 6.C7 NetBook Value At 31 Decernber2020 At31 Dernber 2021 ng 1.303 1.713 7,350 6.609 5N57 9.041 14,337 227 20 5trkted fund RestTlcted fvnd Totsl Z020 Totsl 7 NEfAssEfBv FUND Tgngible flxed assets Net Curre 8sseis Longterm Ilablllty 14,137 29.092 IL3TJ 3L056 14.337 29.748 58 12,373 29.748 f04 9,041 36,857 17.orxj 28.898 Prlor yearcomparatlve 2020 Vnre5trlcted Fund Restrlcted fund Totsl Tangible fixed assets Net current asseis Loftgterm Ilab515ty 9,041 17.668 17.( 19.189 36.857 19.189 28,898 12