THE REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] WINNERS ASSEMBLY Charity REG.No .1150700 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021 MOSES-BOLE & CO CERTIFIED PROFESSIONAL AcCOUNTArsrrAx ADVISERS & BUSINESS CHARTERED MANAGEMENT CONSULTANTS Unit 4L, Leroy House Business Centre 436 Essex Road Islington London N13QP Tel: 02077042525 Fax: 02073542035
THE REDEEMED CHRISTIAN CHURCH OF GOD- CCG WINNERS ASSEMBLY CONTENT Trustees, Report 2&3 Indepgndent Examlnw"$ Report to the Trustees Staternenl of Flnanclal A¢lMUes 140188 fomilng Part Of tho Flnanclal Statement 7t020
THE REDEEMED CHRISTIAN CHURCH OF GOD- RCCG WINNERS ASSEMBLY LEGAL AND ADMINISTATIVE INFORMATION Genaral overseer: E.A.Adeboye Tru3tees: Pastor Oladele Bakare Pastor Roseline Wanogho Pastor Yinka Odogwu Reglstsred Office: 63 Efrida Crescent Bellingham London SE6 3EN Minister In Charge= Pastor Festus Wanogho Charity No 1150700 Bankers HSBC Lewsham High Street Lewsham London NATWEST Lewsham High Street Lewsham London Accountants MOSEW)LE & CO •rtlll•d Profmslonal Ac¢ounlants l Tax Advl••rs •nd Bu•lnMs Ch*rtthff•d Man•genwnt Consult•nts Unlt 4L Houm Bu¥lnw Centr• 438 ESMX Road Ilngton. London N13QP
REDEEM CHRISTIAN CHURCH OF GOD- WINNER'S ASSEMBL Y TRUSTEES REPORT2021 The Trustees have pleasure In submitting their report and accounts for the year ended 31st December 2021 which's financial statement have been prepared in accordance with the accounting policie5 set out on pa8es 7 to 20and comply with the statement of Recommended Practice ISORP 20151, and the applicable law. Objertlves and actmtles The objectives of RCCG Wlnners Assembly as a charity as stated in our trust deed is the advancement of the Christian faith and the alleviation of poverty. To achieve thi5 goal we hold regular Sunday services, bible studies and seminars for the benefrt of our members. To alleviate POVErty in our community we have established and registered six projett5 that are run from our centre for the benefrt of everyone unconditionally. These projerts are.. The Aydee projert- (helping people with addiction problems) Food and shade project 4 reaching out to the homeless) Christ Saturday school- (helpin8 year 7 students with their studies I The senlors companion 4 reaching Out to the elderlvl Christ food bank- (for helpin8 Struggling families) The young people's forum- (reaching Out to the youths) AcTIVlEs AND ACHIEVEMENTS With continued presence of cov119 our activttles were once again disrupted as in 2019. onsequently our operations were limited due to the restrictions on gathering. We continued to use zoom cloud meetings for our meetings. Sunday services and bible studies. We also realised this mode of worship Is associated with a lot of shortcomings in that it bred laziness and led to apathv. On resumption of our drop-in centre after restrictions by the government were Ilfted, we ran Into another problem with our property owner who threatened to cancel our lease Contrart unless we stop our Aydee and shède project. The reason being that he considers our patrons a5 undesirable elements. We had no option other than to suspend these projects as well a5 our foodbank that ran skeletally. By the end of 2020 only the foodbank and the senlorfs companion were operational as we were Still able to take food to the elderly home that we had partnered vrith over the years. Just as in 2019, we could not hold our community 8BQthis year as well. However. our Christmas Carol service outin8 at the park was held. We were able to light up our community with a nice Christmas Carol and Save out over 2(KJ hamper boxes again this year to members in our community. AchlevemÈThts and perfi)rrnance In all we continue to make a 13r8e impact in our community by helping famllles who are struggling financially through our f(dbank. Wrth the little opportuntties that we have partnering with another rehab organisation. we 80 into the Street every Wednesday talking to people about the dangerous effects and consequence5 of drugs and alcohol addiction. Our food delivery days a week to the elderly home has increased tremendously since this year,
Somethln8 that makes us Immensely proud of ourselves in these difficult time5 In our community. Though, this premises that we have just moved to ay not be suitable for our community work, it sure has been favourable spiritually. Thus, our membership has grown tremendously and there is still room for more. In addition. more of our members now attend bible studies and prayer meetin8s more than ever before. This has translated to growth in splrituality. Flnandal Revlew The prlncipal fundin81s provided mainly through voluntary tithe5 and offerin8s by the church members and through gift aid scheme. Pledges are also taken for specific projects. The net incoming resources for the year amounted to £-16,722.8812018 was £-3,2601 All these have been unrestricted reserves and no fund is allotted to restricted projects. The Trustees have assessed the major risk5 to which the Charity is exposed. particularly those relatin8 to the operations and fsnance and are satisfied with the risk mana8ement systems in place to mitigate any risk exposure. Strutture. Governance and Management Conrtitutlon The Charlty Is constituted under a Trust Deed and is registered with the Charity Commission of England and Wales. RCCG- Winners Assembly is a member of Redeemed Christian Church of God [RCCGI which ha5 Parishes all over the world. The relationship is 8overned by an 'Agreement for common purposes. between the parishes and RCCG. The management of the tharity is the responsibility of the Trustees who are elected and co opted under the terms of the Trust Deed. The church is or8anised so that the trustees meet regularly to manage its affairs. There Is a Minister and Volunteers. who mana8e the day-tO- day administration of the churth. Future develo ment We are still in search of a property of our own so that the shade and Aydee project can resume operations once more. Our dream of a ni8ht shelter is still very much alive and so is our desire to run an orphana8e In Africa. We believe that all this will be achieved one dav. . Trustees that served durlnz the year The members of the Board of Trustees who served durin8 the year were: Pastor Oladele Bakare Roseline Wanogho Pastor Yinka Odo8WU Approval This report was approved by the Board of Twstees on the slgned on Its behalf and Secretary to the Board of Trustees.
MOSES-BOLE & CO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES EMED CHR ASSEMBLY I report on the accounts of the charty for the year ended 3115T Oecember 2021, which are set out below and notes to the financial statements on pages 7 to 20 Respectlve responsibilities of Trustees and Examiners As the Charitrfs Trustees, you are responsible for the preparation of the accounts: you conslder that an audit is not required for this year lunder section 144121 of the Charity Act 2011lthe 2011 act} and that an independent examination is needed. It is my responsibility to Examine the account lun(ler sertKJn 145 of the Artl: follow the procedures laid down in the General Directions gNen by the Charity: Commission (under section 145151 Ib) of the 2011 Art and State whether particular matters have come to my attention. Basls of Independent Examlnerfs report My examination was carried out in accordance with the general directions Riven by the Charity Cornmission. An examination includes revièw 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 seekln8 explanations from you as the Trustees concernin8 any such matters. The procedures undertaken do not provide allthe evidencethat would be required in an 3udit and consequently no opinion is 8iven as to whether the accounts present a "true and fair vleW' and the reportls Ilmited to those matter5 set out In the statement below. Independent Examlnevs Statements In connection with the examinatlon. no matter has come to rny attention: l) Whlch 8ive me reasonable cause to believe that in èny material respect the requirements To keep accounting records In accordance wlth section 130 of the 2011 Act: To prepare accounts whith accord with the accountlng records and to compWIth the accountlng requirements ofthe 2011 Act have not been met or 2} To vthlch. In my oplnlon. attention should be drawn in order to enable a proper understanding of the accounts to be feached Moses O E Igunnubole. IHONSJ FAIA FCP Managing Portner FIC CPFA.. MOSES-BOLE&CO Chortered Certifted ForensicAccountonts Certofied ProAessi¢)nolAccounionts/fux And Buslness Chortered Monagemen Con5uttonts IQ DATE: I O IQ F•x f0sjonyiE I
FLYKts 73 >.33 7490gaJ n.9 33 103 895 nJogJ3 101•95 Totsl 24.. $3A30.58 24..+ 21.648 53.830 58 56.623 Tot*1 .157 10.211 23, 37 165.89 917.84
ThE REDEEhlED CHRISTIAN CHURCH OF GOD1RCNNeRS ASSEII8LY LAMCE SHEET AS AT 313T DECEMBER XIZ1 Totsi FthJ& 10.(K 24 643 Cash 81 bartand m Iw¥J 11 27 167 12 3,MltXI n7.12 n7.12 J1 917.84 7J4 olth• $917.84 7A4 (L+%LL prtni N•Y•"
THE REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-WINNERS ASSEMBLY NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021 1.1 Ba81$ ol ace•undno at cost ¢y tran1 value unless ot1lSe stated in relevant ThXel$l to these aCUnts. Th& acnts have been prepared in a¢cordance the FinarKial RetKMtr'ry Slandard apF4i¢aLle in the UK and Repubfic of Inland (FRS1021 ised 16 2014 the Charities Act 2011 8nd the Charity C$11tU1es a publi¢ benefft as defined ty FRS102. 12 Golng coTrc•rn The 8cc¢yJnts prnsgnt a and fair Mew Ihe ¢1rj W185 ad(W are Ittt)se ouuined in 1.4 chan to •c¢ouAllng ••fjm*t•• No chan9•8 to oUnrJ e8tlmates h•ffj LKaKrod in r•rMJb'ng wK>d13.46 FRS 102 SORP). No matthial year wr(Y Iwve been idÈntiW in th• pwiad {3.47 FRS 1tr2 SORP).
THE REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-WINNERS ASSEMBLY NOTES TO THE ACCOUNTS COIrnNUED FOR THE YEAR ENDED 31ST DECEMBER 2021
The REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-WtNNERS ASSEMBLY NOTES TO THE ACCOUNTS CONnNUED FOR THE YEAR ENDED 31ST DECEMBER 2021 Z2 IIICOIAE Thii srBnd•rd1ot d ac• has twn ¥*1 tythe chanty exc• ItYthcfj8 No m8115 lOto5.12 FRS 1Q 50RPI. Thva 1% not apKable
m•¢15.10to 5 12 FRS 102 SORP> •TrJ li tho SOFA. 2.3 EXPENOITURE AND LIABILMES Ll•blllty r•cognltlo 1W2 SORP. ••• WrFw•V 11.17 11.19. FR$ 1Q SCW. 2A AS8Ern Theyar• ¥alwd ate•8L
Int•nglbh flx•d •u•ts Th•y or• valwd ai tMt )t• 18 o MI•pF4ubkn duriThJ IIMS PWAI rf av•kntl•llw are v•knJ #t crnt at and sutWU8nlty at law Vol Ill"r m•knt v¥hl at th8 )ealer. The i aWd w unlithd in¥e¥thnts faw value be Mo•su rdwt4y ¢gs• rt i4 m•8$urnd at Cost Ims wnpainnent ivklonts with a rn8fvrsty d Ihan orn >•ar. Thtse depwt and 11
THE REDEEMED CHRISTIAN CHURCH OF GOOtRCCGI•IVINERS ASSEMBLY NOTES TO THE ACC¢)uiirs c<)NTINUEO FOA THEYEAR ENDED J13T DECEIABER 2021 Fwwj 01. Totsl 32tyJ.ts) 7&9M33 IW 1Z
THE REDEEMED CHRISTIAN CHURCH OF GODIRCCGFWINNERS ASSEMBLY NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2021 Prfor Furlds Fund Fund• Funds DIREcf COST GiftApJ Athin CIw9 Central Ofr• ()Jtre8th IEvatyelsm} 120.C(I 1.116C(I 151 CQ 1,B9). 1S.052.76 2,770 85 120.00 1.116.CQ 151 l)) 1.850 96 15,052.7e 2.770 85 882.52 601 11 94160 24.386.80 120 105 HontyJrarium 14,268 310 825 1.838 ial K¢y Boardl MUS Ex&woes Tfalfii Conferen¢l C PAYE & NIC Smart Pemit 601.11 941.60 24.38&90 21,648 Water R81• Repairn. rnaintsnanc* a1 Prinbro. ar¥J Stal Tekthne 13,011.79 1.085.11 876.94 514.39 1.241.07 703.87 138.CQ 13.011.79 1.CAS 11 876.94 514.39 1.241 07 703 87 1Sg.C 4.039 559 Businoss RBtes 639 Bank Charges 27 133 168( 1,782 168.tyj 1.782.60 302. 150.¢JJ 31,CP38.64 2,285 C 468.17 3 B30.61 66 623 Depreriatson lectricity, Ga,Fwl Holy Gh)si Zc Rent 228 31.098.84 2.285 468 17 43.842 nJ7.38 78217.38 78,271 1¥
ThE REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-WINNERS ASSEMBLY NOTE5 TOThE ACCOUNTS CONTINUED FOR THE YEAR E14DE0 31ST DECEMBER 2021 5.1 Fees for examinatth of the •xounts boxles). Y•mr L••t Yur 350.IXJ 7fAI.fy) 700 Payr1 and Pension Regulation 765 St8lutory 125.00 125
THE REDEEMED CHRISTIAN CHURCH OF GODtRCCGI.WINNERS ASSEMBLY NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2021 Totsi At th• t•wntr4 altha J•w 13.>1.58 13.321. 3.fXYJ.8B 3.rTh.88 14331A6 1.2 D•prncl•tyon nd Mc4c¢Veh Fth & Fjtiir Churth EquMt Al twrifvj oftr• 7.410.14 Imp•1m Tr•thBfers' Al Yor 1,782. 1.782.eKI 9.2rKI.74 9.2Cfl.74 IA N•t book Y41u• 1481 bwk 8t• olthl Yr. s.3 44 7.1Jo.n S.9)3.44 7.1x1.72
THE REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-WINNERS ASSEMBLY NOTES TO THE ACCOUNTS CONTINUED FOR ThE YEAR ENDED 31ST DECEMBER 2021 7.1 Anaty•l• old•btorn Thls Y(¥r lo.0.tl Total ThIA Y•ar 10.(XI) T*x•I 10.(110.00 18
THE REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-WINNERS ASSEMBLY NOTE8 TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2021 0.1 An•tysls of crndltorn after rrnye Total 3,380.00 17
THE REDEEMED CHRISTIAN CHURCH OF GODtRCCG]_MNNERS ASSEMBLY NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2021 Not• 9 Provlslons for Il•bllltl•s and chary Pl&ase Complete this noie rf ha¥e irKlwJed in chanty exFEndthre any A 9.1 Pl•M• provld•: timing of reSU'ng pgymgnts., . an IrKIKall( ofthe unrtaInlS 8bcArt the amount or timw¥J ofllKe (lS.. . an Ind ofthè uncertawibes at#xrt the •YJnt or b"nMrYJ of those LXrtfirNts,' and . the arnount ol any expected re1mTs0rnort slthg the arfthnt of any 888Ot that Iw been TergnISed for that exk%cled reimbjrsement 9.2 Mov•ments In rncognl••d pmknlom aThl fvndlry uxMiltsn•rt durfng th• irfod Th18 Ymr L48t Ymr Balance al the slart of the Femd Amounts odiled in current Amounts tharged against the in Its owrwt Balan al the end of the p¢tl9 perd 9.3 For any fundirrfJ o)mmthent that is Mt recognised as a kLMhty or prryltsl. wovK1e detsiL of c¢mmitment mle. the time frame of that eommilmenl, any perfancelated ¢¢ntJthns and detsils 01 the commth)enl be fvnded {7*ith contrKts for Ca expAlItY1¢ 8¢parately identified). nature ofany amwnts desvJnated and the knkety limry of thal eXKIre. THE ABOVE 9.1 TO •A ARE NOT APPLICABLE 18
THE REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-MNNER8 ASSEAIBLY NOTES TO THE ACCOUNTS copinNUED FOR THE YEAR ENDED 31ST DECEMBER 2021 10.1 Condng•Dt ltsb11115•• l)McrfpUon of *•m InchIng Its 1•gal n•tr Plth• Q••crlbe any ••eurtty prov•d In COlln•¢llon to th• Ilabll n•t• of finonclal •fl• 10.2 Coninq•nt ol It•n any relmtwswwi
THE REDEEMED CHRISTIAN CHURCH OF GODIRCcGJ-NNERs ASSEMBLY NOTES TO THE ACCOUNTS (COKtINUED) FOR THE YEAR ENDED 31ST DECEMBER 2021 NOTE 11." CASH AT BANK AND IN HAND Th1• Y•ar Last Y•4r 27.167.12 24,643 Cash in hand Tot•1 27.167.12 24,643