Charity ReglstrrJNon No. 1148577 THE REDEEMED CHRISTIAN CHURCH OF GOD C'RCCG.? LIFE CHANGERS ASSEMBLY Report & Flnanclal Statement for Year Ended 31 December 2021 THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG? UFE CHANGER5 ASSEMBLY Year ended 31 December 2021 REPORT AND FINANaAL STATEMEPItS CONTENTS PAGE REPORT OF THE BOARD & STATEMENT OF BOARD5 RESPONSIBLMES 24 INDEPENDENT EXAMINER'S REPORT STATEMErir OF FINANCIAL AcnvmES BALANCE SHEEr NOTES TO THE FINANCIAL STATEMENr 8-11 THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG'? UFE CHANGERS ASSEMBLY Year ended 31 December 2021 Board of Trustees Mr Olvkunle Alade Adeleke Dcns Christy Adanma Fagade Dr Wilson Nkeiruka Ofunne Senlor Pastor Mr Adedotun Oladele Fagade Correspondence Address Worshlp Address 60 Filzstephen Road Dagenham Essex RM8 2YL Royals Youth Centre Wiking Way Rainham Essex RM139YG Bankers Accounlants Lloyds TSB PIC Heathway Dagenhan Dagenham Essex RMIO Da-silva & Associates Limited Chartered Certified Accountant 14 Fam Close Dagenham RM109TX Barclays Bank PIC Heathway Dagenhan Dagenham Essex RMIO THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG UFE CHANGERS ASSEMBLY Year ended 31 December 2021 Report ol the Trustees The Irvstees pre5enl the annuol report and financial 5tatemenl of RCCG Ltte Chonger5 As5embiy for year ended 31st December 2021 Oblecllv•s The principal objects of the Chority ore Ihe odvoncement of the Christian foith worldwde in accordance lo the stotement ol faith . and the refielof poverty lo Ihe generol public; in need. hardship or distress wilhin areas of operalion. Organlsatlon $lTuclwe. govemanco and managem•nl The Organisotion Is a reglstered chority in Endond and Wales since 15th August 2012. The overoll control of the charlty remoins the r85pon5ibility of the board of truslees. v4ho have been co-opted under a declorotion of trust doled 25th Seplember 201 l. Nnanclal ievlew The Charity's financial statement the year ended 31 December ￿27 shows a nel surplus in funds of £5.911 12020.. Nel Surplus of £3.6711- Reserve Pollcy It is the policy of the charity to mointoin unrestricted lunds. which ore Ihe reserves of the QTgoni50tion lor around 3 month5 of unrestricted expendilure. This provides sufftient funds lo cover any emergency expenditure thot may arise from lime to time. Rlsk management The trustees have ossessed the mjor risks lo which the chority is exposed to. in particular those relating to the operalions and finances of Ihe charity and are sot15fied that 5y5tems are in place to mitigate exposure to any risk In order to safeguard the welfare of Children and young people the Church operate5 a Child protection policy. All Children'slyouth worker5 are carelully selected and screened ond hove on enhanced Disclosure and Borring Service IDBSI check. They are trained in the 5ofe Practice ond wclk within approved guidelines. THE REDEEMED CHIIIS7IA14 CMUIICN OF GOD ficcGI UFE CNANGEIIS ASSEMBIY l•ry •n¢J•d 31 D•c•mbw 2021 Volunl•ers RCCG Life Chonger% Assembly is very grolelul lo all her Vc￿VnIeeys I￿ thex dedicotion lo serwice ond Ihew resoufcelulness in corrwng on the octNi1￿ ol Ihe Chc￿ty. We ore immeroely gralelvl lo oll OF thern ond we proy Ihot Ihe mosl Hoh God wll Ihem obvndonlly. Publlc Benefft In estoblishing it's progrommes ond oclivilies ol RCCG Lile Changer5 As$8mbty. Ihe trustees consideT its benefil lo the genefol public and ore in I￿ ￿ the Chority oti1￿ts of odvancemenlchristion toith Worfdwde ond the relief ol poverty irs the INes ol the 9ewd pvblic. The trustees ensure thol Ihe Chorfty Comm￿$10n.5 guideThnes on pvUic l)enefft ore IrAlCr*￿￿ in oll their oper0t￿n5. ￿onn￿g ond decision moking. Low opplicable lo chorilies in Englond ond Wales require5 Ihe tru51ee5 to prepcwe fmtr¢¥J eoch finonciol yeor bthich gives o true ond low view ol the slole of oflon of the chth ￿ ot cnonfv and of the sU￿lUS or deficil ol the chorifv lor Ihol oerio(l. In 1ye0￿n0 Ihe tru51ee5 have.. Selecled suit0￿e accovnling policigs ond opplied them consi5tenMy. Mode judgement5 Ond e51imoles Ihol are reosonoble ond prudent.. ' 51aled whether opplicoble occounling slan(Jafds hove been followed. subp¢t Io T￿1￿￿* departures disclosed ond exploined in the linonciol stalements- and ' Prep(yed the Iinonciol 5totement5 on o going concem bays il 10 presume Ihal trhe Trusl will conlinue in operolionl. ' The Iruslees hove overoll resr)on5it)iity l¢y en%￿n9 Ihol Ihe ett￿ty Thas o¢fir*fft V*3lwn vt conlrrJ5. finonciol ond othemse. They ￿e olso responsi￿e keeFrfv) o¢c¢yJnling rec¢y¢Js which disclose wilh reosonat)le acc￿￿ 01 tsn• ol the chorily ond enol)le Ihern lo engJe If￿1 lh• fw)onchJl 51o1ememls t￿¥ wilh th8 Choril*s A£t l)1 l. They ore d%0 respongWe safe￿￿7￿ Ix•ts ¢horily ond hence lor loking re050notsle slep5 th¢ delec11￿ tyo *y d ottw ￿￿gL￿an11es. 2s/os TINS rep(xl wos (wovad ￿_ CY W150n Nk6¥￿0 Ofun Tru4•• Independent Examiner's Report to the Trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG LIFE CHANGERS ASSEMBLY We report on the accounts of RCCG Life Changers Assembly for year ended 31 December 2021 whith are set out on pages 6 to 11. Respertlve responsibilities ol trustees and examiner The charity's trustees are responsible for the preparation of the attounts. The charity's trustees consider that an audit is not required for this year lunder sertion 144{21 of the Charities Act 2011 Ithe 2011actl an independent exarnination is needed. It is my responsibility: to examiner the account under Isertion 145 of the 2011 Act); to following the procedures laid down in the General Direction gl¥en by the charity Commissioner5 lunder section 1451511bl of the 2011 Act); and to stste whether particular matters have come to my attention Basls of Independent examlnerfs report My examination was carried out in accordance the General Dlrectlons given by the Charity Commlssioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those record5. It 3150 includes conslderation of any unusual items or disclosures in the accounts. and seeking explanJtlons 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 albdit opinion on the view given by the accounts Independent examlnews sLitefflerrt In connection with my examination. no rnatter has tome to my attentlon: 111 which gives me reasonable cause to believe that in any material respect the requirement5 to keep accounting records in accordance with section 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not met- or 121 To which. in my opinion, attention should be drawn in order to enable a proper understandin8 ofthe accounts to be ￿aChed. Mrs Eileen Da-silva FCCA Da-silva & Associates Limtted Certified Chartered Accountants 14 Farm C105e. Dagenham. RMIO 9TX THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG LIFE CHANGERS ASSEMBLY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021 2021 2020 Noles Unrestrlcled Unrestricted Fvnd Fund INCOME Income from activities in furtherance of charitable objects 25,254 17,318 Total Income 25,254 17.318 EXPENDITURE Charltable expendllure: Costs of activities for charitable objectives Support costs Management and administration 6.410 12.192 741 5,431 7,527 689 Total Expendllure 19,343 13,647 Net IncomellExpenditurel 5.911 3,671 Total Funds brought forward 17.519 13,848 23.430 17,519 THE REOEEMED CHIISIIAN CIIUICH OF GOD (WtCCG} LIFE CHANGERS ASSEMB(Y DALANCE SHEET AS AI 31 DECEMIEIt 2021 20 Not•s FSxed assets Tangible fixed ossels 3.166 Cfftenl as Deblor Cosh ol bonk 4.850 15.814 2071 20,604 27919 Cr•dllors.' amovnl loHlftg due wllhln on• y• Nei currenl assets 1.21A 27519 Cr•dll4yS'. omounl l¢Jlln9 du• aller mof• thon on• y* g iofxo Income Fundi Urweslhci60 FunaS- Genwol Fvnas io Approvaa on B8tKJI ol Iho ol Irus1005 IYI THE REDEEMED cH￿S￿AN CHURCH OF GOD fRCCGI LIFE CHANGERS ASSEMBLY Year èndéd 31 Decèmber 2021 NOTES TO THE FINANCIAL STATEAIENTS l. A¢¢ountlni polkv The principal accountin8pdicies.all of which hJvelxen athiEd CLW15￿ttythmts¢hmt theN*ar, areSetO￿bd0V. lal Scope and ba51s ol the finarKlal 5tatern The financlal statements ha¥e been wepared tsnderthe histor￿1] cost conver*tKffiand in Kcwdance wlth èppllcable account1￿ standards and The 5taiement of Recommended Pfacttre.. I￿OuntIn$ and Reportlni byCharbtle519)RP2(¥J51 Issued kn Marth 211r Ibl Fund irrountlni General funds art tsnrostrkt•dfvnds whkh arn avamablefor u5••t tht thcretkn of theTru5tee5 Irbfurthernnee of thewerèl objÈrt￿eS of the parlsh and whkh havè not btendwlted 1￿01herpur¢￿se$. Icl Income l intome Is •c¢tyJnted for whththÈChwlty hasentltkn*nt tothelurth.tht •nwxntc¥n be ou•Ntlfitd •nd there is certalnty of recdpl. Idl Exp•ndbtur• l expenditure is attwnted for¢)n attnthl b￿band ha5 b¢en induded undÈr txpnst tategorlÈsthata88re8ate all ¢0s¢5forallocatlon toactiYht6es. Wherecosis ¢annot bedrfecttyattnbutedtop¥￿￿￿èfaCkn¥11Ie5they has* been •llocated on a basls conslstent ihe use of resOUIW. Grant payable are ¢har8ed in ve•rwhtr thtithris m•detxtept in th05* tasts whtrtthe offer is ¢ondi¢ion•l 5uch8rants being recognised as e¥widf(urÈwhen thet0ndltKK￿ atr4d￿d arefulfilled. GTantsollered 5ubjert to eonditiQn5which have not been met at theyearend3Te r•Otedasa comthneni noi accn*d as expenditure. (el Cash flow The financial statemtntsdo not irxlude a cash statefflerbtbecauSethechurc￿ as a small repDrtlll8entity. is exemptfrom the requirerent w pl￿re suth •rtaierMni under ihefir*nclal RefvKirUwswdard for Smaller Entities leffectfvejune Z1Tr121. lfj Tan8ible fiK•d •ss•ts All assets C05tinÉ morethan £4ts)arecapttab5ed. Tangible Axed a55ersareMatedatts)stand deptEtillffloDa stwaiwrt lir*ba5i5¢yMtheir uselul ecLHlOffliC Iwes as Idlows: Church Equipment 4years THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG LIFE CHANGERS ASSEMBLY Year ended 31 December 2021 NOTES TO THE FINANCIAL STATEMENTS (Conllnued) 2020 Unrestricted Fund Unrestrlcled Fund 2. Income from Acllvlmes In furtherance of Chorftable Objects Donation5 Received Gift Aid 21.847 3.407 13,919 3,399 25.254 17,318 3. Cost ol Acllvllles for Charftable ObJecllv• Rent Welfore/Hordship Grant Musical Expenses Progrommes and Conferences 3.487 1,517 2,973 2.458 1.306 6.410 5,431 4. Support Cost stationeries & Printing Enterlainment Transportation & Subsrstence Repoirs. Renewals & Maintenance cost Donations Honorarivm 1.122 1.068 473 1.704 6.CQ5 650 212 958 984 266 1.271 3,994 572 Sundry expenses Depreciation 12.192 7,527 THE REDEEMED CHRISTIAN CHURCH OF GOD CRCCG LIFE CHANGERS ASSEMBLY Year ended 31 December 2021 NOTES TO THE FINANCIAL STATEMENTS (Conld) 2021 2020 5. Management and Admlnlslralion Accounting and Finance 741 741 689 689 6. Tanglble fixed assets Cost At 01101121 Additions Disposal Al 31112121 4,125 4.125 Accumulated D•pr•clallon At 01101121 Depreciation for the year Disposol Al 31112121 959 959 Net Book value At 31112121 At31112120 3.166 7. Debtors Loan to members Accrued Gift Aid 2.871 2,871 4.850 10 THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG LIFE CHANGERS ASSEMBLY Yeaw ended 31 December 2021 NOTES TO THE FINANCIAL STATEMENTS {Contd) Unreslrfcled Funds Unrestricted Funds 2021 2020 8. Credllors.. Falllng due wllhln l year Acounting and Finance 400 g Credttors: After > l year Bounce Back Loan i 0,000 10. Movement In Ivnds UnresMct•d Fund5 Unrestricted Funds Opening balance Net Income/lExpendilurel for the year 17,579 5.911 13,848 3,671 Balance al 31 December 23.430 17.579 10. Taxatlon RCCG Life Changers Assembly is a registered charity and is eligible for the exemptions from taxation available to chaTities on their charitable activities. No charge to taxation therefore arises.