2021-12-31-accounts

Charity number: 1 1 51 560 Company number: 08434543

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FORTHEYEARENDED31DECEMBER2021

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

CONTENTS

	Page
Reference and administrative details of the charity, its Trustees and advisers	l
Trustees' report	2 -7
Independent auditors' report on the financial statements	8 - 11
Statement of financial activities	12
Balance sheet	13
Statement of cash flows	14
Notes to the financial statements	15-34

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees Mr Agu Irukwu Dr Shola Adeaga Mr Olabowale Odusote inisterin charge Mr Akinyemi Odusolu Charity registered number 1151560 Company registered 08434543 number Principaloffice The Discovery Centre Jenkins Lane Barking Essex [Gll OAD Independentauditors Stephen Michael Associates Chartered Certified Accountants Statutory Auditors lst Floor 3 More London Riverside London SE12RE Bankers Barclays Bank plc 737 Barking Road London E13 9PL

Page 1

REDEEMED CHRISTIAN CHURCH OF GOO ('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

TRUSTEES'REPORT FORTHEYEAR ENDED31 DECEMBER2021

The Trustees present their annual report together with the audited financial statements of the charitable company forthe year IJanuary 2021to 31 December 2021. The Annual report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRSI 02)(effective IJanuary 2019).

Since the charitable company qualifies as small under section 382 of the Companies Act 2006, the Strategic report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.

The charitable company also operates under the name Trinity Chapel

The prior period report represented the first for the charitable company which became active after the merger with the trust on I July 2020. The trust has now been closed. The comparative figures for 2020 therefore relate to six months of operations. '

Objectives and activities

a.Policies and objectives

The Charity's main objects are

The advancement of the Christian religion worldwide and

The relief of poverty worldwide.

The Charity's main objectives continue to be

• e Empowering members & anyone that identifies with the ethos of the charity to set up an initiative or enterprise that amplifies their purpose & vision. Intensifying efforts in developing more community-based initiatives that will serve as a source of transformation in our society.

• Setting up formal & informal performance evaluation & feedback structures that will enable the charity run more effectively

• © Repositioning the charity in the minds of the community, rebranding the charity & the building with a view to changing people's mind-sets or perception about the church. Refurbishing the charity premises & making it more fit for purpose including the restoration of vibrant and true worship.

Page2

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

TRUSTEES'REPORT(CONTINUED) FOR THE YEAR ENDED 30 DECEMBER 2021

Reaching out more with a view to bringing in new visitors - via specific bridge events & more inclusive use of charity premises & more outward focused ministry events.

• Reproducing new leaders & groups that will enable succession planning for all areas of our operations.

• Intensifying our training efforts to ensure we have a regular supply of competent volunteers & able-bodied lay ministers.

Objectives and activities (continued)

b. Strategies for achieving objectives

The Charity's strategies for achieving these objectives were

• Putting together adequate financial & administrative support for the running of all the Charity's activities including the establishment of new church parishes.

• Building a network of relationships within the local & national community with a view to engaging them in joint community efforts

• © Putting together project teams to coordinate various activities both in the Church & in the Community.

• Fundraising to finance the objectives.

c. Activities undertaken to achieve objectives

• . Leadership Training

• e Volunteer Training

• .

• Community Outreach Events

• • Conferences & Events

d. Public benefit statement

In determining how best to pursue these objectives, the Trustees have taken on board the Charity Commission's general guidance on public benefit and, its supplementary public guidance on the advancement of religion for the public benefit.

e. Volunteers

The Charity is grateful for the efforts of its volunteer workforce that are involved in various areas of service provision, development, and implementation of the Church's vision. It is impossible to put a value on the efforts of these peopled we do however have a volunteers' training programme which caters for the welfare, spiritual and socio-economic development of these people.

f. Main activities undertaken to further the charity's purposes for the public benefit

It pursues these objects by the operation of a centre for Christian worship at its premises in Barking. Essex. The Charity runs a number of community-based vehicles of transformation that focus on assisting the disadvantaged & less well off in our local communities & abroad.

Page3

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

THUS'REES'REPORT(CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

The Charity also makes regular donations to a number of external organisations overseas that are better placed to further advance various causes. Our site is a venue that is accessible to all when programmes are being run & events cater for people from all walks of life. We run youth, marriage, children's, men's & women's-based events.

Achievements and performance

a. Review of activities

Significant activities that contributed to the achievement of these objectives were

• The Charity continued to support other charities nationally & internationally in areas that are in line with our objectives.

Community Outreach events

• © Open Eyes Initiative, a community social project that deals with and addresses the ills (such as mental health, knife crime etc) in the society through chat shows and seminars. Love Your Neighbour Initiative, a community outreach event in partnership with the Department for Media, Digital Culture & Sport (DCMS) to feed the homeless in Barking every w e ek

• e Conferences and events organised during the year included, Connect with Self & God, a virtual conference for teenagersl Valentine's dinner for couples and a number of events for the ladies such as the Lounge, breakfast seminar and ladies conference in a hybrid format that was virtualand faceto face.

• © The Charity continued to host the conference series Footprints - the fourth and fifth since it started in 2019 - inviting successful entrepreneurs as speakers teaching business principles. The Charity also continued to host the annual Christmas Carol Service.

• Various training programmes were also run which included Volunteers Training & Leaders Meetings.t

The various accountability groups were maintained

b. Investment policy and performance

The Trustees have decided that at present, funds should be retained in Banks and Building Societies. Any change in such banking arrangements should be agreed by the Board. As far as possible, funds will be retained in interest bearing accounts.

c. Factors relevant to achieve objectives

The other single most important factor is the continued commitment of members both financially and in voluntary hours.

Page4

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG'I TRINITY CHAPEL (A company limited by guarantee} TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021 Financial review . Going concem After making appropriale enquiries. the Trustees have a reasonable expectation thatthe charity has adequate resources to continue in operational existence for the foreseeable fLrture. For this reason, they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounts.ng policies. b. Reserves policy The Trustees are aware of the requirement to have a reserve policy in Pla￿ and aim to maintain a target balance of a month's worth offfixed operational costs at any given time, in order lo ensure the ongoing delivery of its charitable objects during an unforeseen downtuffl in income. The current level of free reserves {unrestrieted fvnd less fixed asset elernentl is at a level that is more than a month's worth of fixed operational cos15. The free reserves as at 31 December 2021 is £565,49312020, £472,766). Review of financlal posltion The Charity recorded an income of £891.337 in the year. As a result of the planned nx)ve to a new location, there is a specific drNe to raise a building fund. Out of the income earned in the year, £78.537 is restricted to the building ftJrKI. Members conbnue to wmmit to rnakn.ng dorbabons. d. Principal funding The Charity's principal funding is through members. contributb)ns and donations" on which we claim gift aid monthly on qualifying incorne. Structure> governance and management a. Constitution The organisation is a charitable company limited by guarantee, incorporated on 18 February 2013 wth Company number 08434543. The wrnpany was established under a Memorandum of Association which stipulates the objects and powers of the charitsble company and is also a registered ¢harty with the charity number 1151560. b. Methods of appolntment or elecllon of Trustees The management of the charity is the ￿sponsibl1[ty of the Trustees who are elected and co-opted under the terms of the Trust deed. L Organlsatlonal structure and declsion-maklng pollcles The Charity is organised such that the day to day running of the Church has been delegated to the parish Pastor and the Charity Administrator. The Trustees are consulted on all issues that are material in nature and detemine the strategic direction of the Charity's affairs. Trustees meet fomally as and when required to review the Charity's operations. Pages

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

TRUSTEES'REPORT(CONTINUED) FORTHEYEARENDED31DECEMBER2021

Structure, governance and management (continued)

d. Policies adopted for the induction and training ofTrustees

New Trustees are issued with an orientation pack that details their legal obligations under charity law, the Charity's decision-making processes and recent financial performance of the Charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. Charities Commission bulletins / updates are also forwarded to Trustees as and when issued.

e. Pay policy for key management personnel

The Trustees consider the Charity's Trustees. the Pastors and Administrator comprise the key management personnel of the Charity in charge of directing and controlling, running and operating the Trust on a day-today basis. All Trustees give of their time freely in their capacity as Trustees. No Trustee received remuneration in the year.

The pay of the Charity's senior staff is reviewed annually and normally increased to account for inflation based on the latest Consumer Price Index. The remuneration is also bench-marked with charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles.

f. Financial risk management

The Trustees have assessed the major risks to which the church is exposed. in particular those related to the operations and finances of the church. The Trustees believe that by monitoring reserve levels, by ensuring controls exist over key financialsystems and by examining the operationalrisks faced by the church, they have established effective systems to mitigate the Charity's exposure to these risks.

Plans forfuture periods

The Charity continues to explore various ways of reaching out to its community and spreading the gospel of Christ in an effective manner by raising its profile in the community. We also intend to extend our worldwide influence through our various media efforts.

The Charity continues looking to grow in membership and to develop its members to make transformational impact in society

The Charity is in the process of relocating to a new site after spending 1 3 years in the current location. Plans for the new location in addition to ensuring a fit for purpose home for the members, include the designation of a cafe / affordable workspace area. This will serve to support the local community with opportunities to rent workspace during the week that is affordable. This new premises will also serve to draw in potential members and go a long way to generating further income

Page6

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

'TRUSTEES'REPORT(coNTiNUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Board of Trustees' responsibilities statement

The Board of Trustees (who are also directors of Redeemed Christian Church of God ('RCCG ') Trinity Chapel for the purposes of Company law) are responsible for preparing the Board of Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (The United Kingdom Generally Accepted Accounting Practice).

Company law requires the Board of Trustees to prepare financial statements for each financial year. Under Company law the Board of Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company for that period.

In preparing these financial statements, the Board of Trustees are required to:

• e select suitable accounting policies and then apply them consistentlyl observe the methods and principles in the Charities SORP (FRS 102)1

• make judgements and estimates that are reasonable and prudentl

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statementsl

• prepare the financial statements on the going concern basis unless it is appropriate to presume that the charitable company will continue operating.

The Board of Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and otherirregularities.

Disclosure of information to Auditors

P

Each of the persons who are Trustees at the time when this Trustees' report is approved has confirmed that

• e so far as that Trustee is aware. there is no relevant audit information of which the Charity's auditors are unaware, and

• © that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the charity's auditors are aware of that information.

Aud ito rs

The charitable company's auditors, Stephen Michael Associates, have indicated their willingness to continue in office and offer themselves for re appointment at the next Annual General Meeting.

In preparing this report, the Board of Trustees have taken advantage of the small companies' exemptions provided by section 41 5A of the Companies Act 2006.

Approved by order of the members of the board of Trustees on and signed on their behalf by

INAME] e12 1a Lo «)a. lq. (:) d u..go k, '!;;#i3>=' [DATE] i''i.o'l 2.0 2.'2.

Page7

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD('RCCG')TRINITY CHAPEL

Opinion

We have audited the financial statements of Redeemed Christian Church of God ('RCCG ') Trinity Chapel (the 'charitable company ') for the year ended 31 December 2021 which comprise the Statement of financial activities. the Balance sheet. the Statement of cash flows and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland ' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

• ' give a true and fair view of the state of the charitable company's affairs as at 31 December 2021 and of its incoming resources and application of resources, including its income and expenditure for the yearthen endedl

• e have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practiced and l

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis foropinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed. we have not identified any material uncertainties relating to events or conditions that. individually or collectively. may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised forissue.

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report.

Page8

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRiNrw CHAPEL(CONTINUED)

Other inform anon

The other information comprises the information included in the Annual report other than the financial statements and our Auditors' report thereon. The Trustees are responsible for the other information contained within the Annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard

Opinion on other matters prescribed by.the Companies Act 2006

In our opinion. based on the work undertaken in the course of the audit:

• . the information given in the Trustees' report for the financial year for which the financial statements are prepared is consistent with the financial statements.

• e the Trustees' report has been prepared in accordance with applicable legal requirements

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit. we have not identified material misstatements in the Trustees' report.

We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:

• adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by usl or

• the financial statements are not in agreement with the accounting records and returnsl or

• e certain disclosures of Trustees' remuneration specified by law are not madel or

• we have not received all the information and explanations we require for our audits or

• the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees report and from the requirement to prepare a Strategic report.

Responsibilities oftrustees

As explained more fully in the Trustees' responsibilities statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. and for such internal control as the Trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the Trustees are responsible for assessing the charitable company's ability to continue as a going concern. disclosing. as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charitable company or to cease operations, or have Dg! alntiQ jlQIQatiyQbut to do so.

Page9

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL(CONTINUED)

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error. and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists Misstatements can arise from fraud or error and are considered material if. individually or in the aggregate. they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

• We identified areas of laws and regulations that could reasonably be expected to have a material effect on the financial statements from our sector experience through discussion with the Trustees and other management (as required by auditing standards).

• We had regard to laws and regulations in areas that directly affect the financial statements including financial reporting and taxation legislation

• We considered the extent of compliance with those laws and regulations as part of our procedure on the related financial statement items

• With the exception of any known or possible non-compliance, and as required by auditing standards our work in respect of these was limited to enquiry of the Trustees

• We communicated identified laws and regulations throughout our team and remained alert to any indications of non-compliance throughout the audit. '

• We addressed the risk of fraud through management override of controls, by testing the appropriateness of journal entries and other adjustmentst assessing whether the judgements made in making accounting estimates are indicative of a potential biasl and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

Our audit procedures were designed to respond to riskskof material misstatement in the financial statements. recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error. as fraud may involve deliberate concealment by, for example, forgery, misrepresentations or through collusion. There are inherent limitations in the audit procedures performed and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we are to become aware of it.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.

Page 10

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

INDEPENDENT AUDITORS' REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL(CONTINUED)

Use ofourreport

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and its members. as a body. for our audit work, for this report, or for the

Ir Stephen Oladapo Odeleye (Senior statutory auditor)

found on behalfof Stephen Michael Associates

Chartered Certified Accountants Statutory Auditors

lst Floor 3 More London Riverside London SEI 2RE

.'. 2e 'g.rtz.-..b*,r 902-'-

Page 11

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES FORTHEYEARENDED31DECEMBER 2021

		Restricted	Unrestricted	Total	Total
		funds	funds	funds	funds
					6 months
		31	31	31	37
		December	December	December	December
		2021	2021	2021	2020
	Note	£	£	£	£
Income from:
Donations and Legacies	3	93,392	772,001	865,393	438,352
Charitable Activities	4		25,829	25,829
I nvestments	5		115	115	439
Total Income		93.392	797.945	891.337	438.791
Expenditure on:
Charitable Activities	6	21.580	665.389	686.969	289.232
TotaIExpenditure		21.580	665.389	686.969	289.232
Net movement in funds		71.812	132.556	204.368	f49,559
		|
Reconciliation of Funds:
Total Funds brought forward		331.814	482.302	814.116	664.557
Net movement in Funds		71,812	132.556	204.368	f49,559
Total Funds carried forward		403.626	614.858	1.018.484	314.116

The Statement of financial activities includes all gains and losses recognised in the year

The notes on pages 1 5 to 34 form part of these financial statements

Page 12

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee - Reg no 0843453)

BALANCESHEET ASAT31DECEMBER2021

			31		3f
			December		December
			2021		2020
			£		£
	Note
Fixed Assets Tangible Assets	1 1		49.365		9,536
			49,365		9,536
Current Assets
Debtors	12	25.620		111.223
Cash at bank and in hand		974,268		723,689
		999,888		834,912
Creditors: amounts falling due within	13	(30,769)		PO, 330
one year
Net Current Assets			969.119		804.580
Total Assets less Current			1,018,484		814,116
Liabilities
Total Net Assets			1.018.484		814.1t6
Charity Funds Restricted Funds Unrestricted Funds	15 15		403.626 614.858 403.626 614.858		337,874 482.302 331.8{4 482.302
TotaIFunds			1.018.484		814.116

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

[NAME] D t «. b .«, " t'c (9a -as oLL''=##::'' Date: 1 11 '' qae not(2il$)pilllt:';rto 34 form part of these financial statements.

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REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

STATEMENT OF CASH FLOWS FORTHEYEARENDED31 DECEMBER 2021

	Tora/	Total
	funds	funds
	31 December	3f December
	2021	2020
	£	£
Cash flows from operating activities: Net cash used in operating activities	296.737	126.778
Cash flows from investing activities:
Purchase oftangiblefixed assets	(46,158)	({, ozQ
Net cash used in investing activities	(46,15$)	£7,0z0
Cash flows from financing activities:
Net cash provided by financing activities
Change in cash and cash equivalents in the period	250,579	125,100
Cash and cash equivalents at the beginning of the	723,689	598,589
period
Cash and cash equivalents at the end of the period	974.268	723.689

The notes on pages 15 to 34 form part of these financial statements

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REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

l General information

The charitable company is a private company limited by guarantee. incorporated in England on 18 February 2013.

The address of its registered office is The Discovery Centre Jenkins Lane Barking Essex IGll OAD

2 Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) -Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland(FRS 102) and the Companies Act 2006.

Redeemed Christian Church of God ('RCCG ') Trinity Chapel meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

P

All income is recognised once the charitable company has entitlemen t o the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. \A/here entitlement occurs before income is received, the income is accrued.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income bx recoverable in relation to investment income is recognised at the time the investment income is receivable.

Page 15

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2 Accounting policies(continued)

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charity's objectives, as well as any associated supportcosts.

All expenditure is inclusive of irrecoverable VAT

2.4 Government grants

Government grants relating to tangible fixed assets are treated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets concerned. Other grants are credited to the Statement of financial activities as the related expenditure is incurredrre

2.5 Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the reporting date.

Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. t

Exchange gains and losses are recognised in the Statement of financial activities

2.6 Tangible fixed assets and depreciation

Tangible fixed assets costing £500 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives

Page 16

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2 Accounting policies(continued)

2.6 Tangible fixed assets and depreciation (continued)

Depreciation is provided on the following bases

Equipment and furniture 33.33% straight line Fixture and fittings 12.5% straight line

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar accountC

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material. the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.

2.10 Financial instruments

t

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method

2.11 Pensions

The charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the charity to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Page 17

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

2.12 Fund accounting (continued)

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund

3. Income from donations and legacies

		Restricted	Unrestricted	Total
		funds	funds	funds
		31 December	31 December	31 December
		2021	2021	2021
		£	£	£
Donations		84,569	772,001	856,570
Government	grants CJRS	8,823
		93,392	772.001	865,393
		Restricted	Unrestricted	Total
		funds	funds	funds
		31 December	3f December	31
		2020	2020	December
		£	£	2020
				£
Donations		43,051	387,584	430,635
Government	grants	7,717		7,7q7
		50,768	387,584	438,352

The Government grant is money received under the Corona Virus Job Retention Scheme

Page 18

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

4. Income from charitable activities

	Unrestricted
	funds
	31 December
	2021
	£
Income from charitable activities - Events and conference	1,529
fees
Income from charitable activities - Hall hire and other related	20.859
income
Income from charitable activities - Cafe	3,441
	25.829

Unrestricted funds 31 December 2020 £ Income from charitable activities - Events and conference fees Income from charitable activities - Books and tapes sale Income from charitable activities - Hal! hire and other related income ' Income from charitable activities - Cafe

Page 19

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THEYEARENDED31DECEMBER2021

5. Investment income

		Restricted	Unrestricted		Total
		funds	funds		funds
		31 December 2021	31 December 2021		31 December 2021
		£	£		£
Investment income --	local cash	36	79		115
		Restricted	Unrestricted		total
		funds	funds		funds
		6 months	5 months		5 months
		31 December	3{ December	31 December
		2020	2020		2020
		£	£		£
Investment income -	local cash	307	732		439

Investment income - Restricted funds relates to interest received in the bank accounts where these restricted funds are held. This is included in the bank balances at the end of the year.

6 Analysis of expenditure on charitable activities

		Restricted	Unrestricted	Total
		funds	funds	funds
	31	December	31 December	31 December
		2021	2021	2021
		£	£	£
Advancement of Christian Faith Worldwide		21.580	665.389	686.969
		Restricted	Unrestricted	Foia/
		Funds	Funds	Funds
		3 months	6 months	3 months
	31	December	31 December	3t December
		2020	2020	2020
		£	£	£
Advancement of Christian Faith Worldwide		{4,168	275.064	289,232

Page20

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINI'lY CHAPEL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

7. Analysis of expenditure by activities

	Activities
	undertaken directly	Support costs	Total funds
	31 December	31 December	31 December
	2021	2021	2021
	£	£	£
Advancement of Christian Faith Worldwide	204.543	482.426	686.969
			rrustonly
	Activities
	undertaken	Support	Total
	:directly	posts	funds
	6 months	5 months	6 months
	31 December	3t December	31 December
	2020	2020	2020
	£	£	£
Advancement of Christian Faith Worldwide	r7,527	211,705	289.232

Page 21

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

7. Analysis of expenditure by activities (continued)

Analysis of direct costs

	Activities
	undertaken	Total
	directly	funds
	31 December	31 December
	2021	2021
	£	£
Staffcosts	89.425	89,425
Donations	43.967	43,967
Hallhire	6,137	6.137
Visiting speakers expenses Conferences and events	11,777 31,657	11,777 31,657
Welfare	21,580	21,580
	204,543	204,543

	Activities
	undertaken	Total
	directly 6 months	funds 6 months
	31 December	3fDecember
	2020	2020
	£	£
Sta ff costs	43,053	43,053
Donations	18,483	18,483
Hall hire
Visitingspeakers expenses	2,053	2,053
Conferences and events	7,487	7,487
We/fare	6,457	6,457
	77. 527	77. 527

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REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

7. Analysis of expenditure by activities (continued)

Analysis of support costs

	Advancement
	of Christian
	Faith	Total
	Worldwide	funds
	31 December	31 December
	2021	2021
	£		£
Staffcosts	169 300	169	300
Depreciation Premises cost	6 124 329 617	6 124	329 617
Sundry church expenses	10 673	10	673
Staff training Cafe	598 374 3	3	598 374
Communication cost	494 15	15	494
Multimedia & IT expenses Legaland professionalfee Insurance	676 902 316 31 l	31 l	676 902 316
Hire of vehicle and equipment Gifts to parishioners and others Eventcatering	895 537 239 19 2 7	19 2 7	895 537 239
Advertising and publication Consultancy Printing postage and stationery Bank charges Travelling expenses Refreshment	027 500 384 033 139 883 1 1 37 8 4 6	1 1 37 8 4 6	027 500 384 033 139 883
Repairs and maintenance Bookstalls	901 252 15	15	901 252
Foreign exchange (gain)/loss Governance costs	61 296 4	4	61 296
	482.426	482,426

Page23

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THEYEARENDED31 DECEMBER2021

Analysis of support costs(continued)

	Advancement
	of Christian
	Faith	Total
	\A/orfdwide	Funds
	6 months	6 months
	31 December	31 December
	2020	2020
	£	£
Sta ff costs	60,902	60,902
Depreciation Premises cost	3.935 73.074	3,935 73.074
Sundrychurch expenses Stafftraining	2,457 98	2,457 98
CaH
Communication cost	8 115	8 775
Multimedia & IT expenses Legaland professionalfee Insurance	9: 497 37 874	9 497 37 874
Hire of vehicle and equipment	932 9	932 9
Gifts to parishioners and others Event catering Advertising and publication Consultancy Printing postage and stationery Bankcharges	065 260 377 000 224 756 7 5 f8 5;	065 260 377 000 224 756 7 5 78 5
Travelling expenses
Refreshment	738	738
Repairs and maintenance	6,569	6,569
Bookstalls
Foreign exchange (gain)/loss	707	707
Governance costs	4,872	4,872
	211,817	211,8{7

Page24

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

8. . Auditors' remuneration

	31	37
	December	December
	2021	2020
	£	£
Fees payable to the charity's auditor for the audit of the charity's annual
Accounts	4,296	4,296
Fees payable to the charity's auditor in respect of
All non-audit services not included above		576

9. Staffcosts

Staffcosts
		6
		months
	31 December	3f December
	2021	2020
	£	£
Wages and salaries	235,068	93,857
Socialsecurity costs	19,935	7,986
Contribution to defined contribution pension schemes	4,722	2,006
	259,725	103,843

The average number of persons employed by the charity during the year ended 31 December2021 was as follows: '

			6 months
	31	December	3 I December
		2021	2020
Pastors
Church Administration			6
		8	7

Page25

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Staffcosts(continued)

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was

----- Start of picture text -----
31 December 3 I December
2021 2020
Inthe band £70.001-£80,000
Inthe band £80,001-£90,000
----- End of picture text -----

10. Trustees' remuneration and expenses

During the year ended 31 December 2021 . no Trustees received any remuneration or other benefits

During the year ended 31 December 2021 . no Trustee expenses have been incurred

Page26

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL

(A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THEYEAR ENDED31DECEMBER2021

11. Tangiblefixed assets

	Other fixed
	assets
	£
Cost or valuation
At I January 2021
	409,286
Additions	46,158
At 31 December 2021	455,444
Depreciation
At I January 2021
	399,750
Charge for the year	6,329
At 31 December 2021	406,079
Netbookvalue
At 31 December 2021	49,365
At 31 December 2020	9,536

Page 27

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

12. Debtors

----- Start of picture text -----
6 months
31 December 2021 37 December2020
£ £
Other debtors 8.733 71,265
Prepayments and accrued income 84 28,076
Taxrecoverable 16,803 {1,882
25,620 111,223
Creditors: Amounts falling due within one year
31 December 31 December
2021 2020
£ £
Other taxation and social security 8.803 7,736
Other creditors 9.734 15.243
Accruals and deferred income 12,232 7,953
30,769 30,332
31 December 3t December
2021 2020
£ £
Financialassets
Financial assets measured at fair value through
income and expenditure 974,268 723,689
----- End of picture text -----

13 Creditors: Amounts falling due within one year

14. Financial instruments

Financial assets measured at fair value through income and expenditure comprise cash at bank andin hand.

Page28

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINI'TY CHAPEL (A company limited by guarantee)

NOTESTOTHEFINANCIALSTATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2021

15. Statement of funds

Summary of funds -- current year

Summary of funds --	current year
	Balance at				Balance
	I January				at31
	2021				December
			Income	Expenditure	2021
	£		£	£	£
Unrestricted funds
General Funds	482.302		797.945	(66s,!$9)	614.858
Restricted funds
Building fund Welfare fund Corona Virus Job Retention Scheme	319.879 11.935	t	78.537 14,855 8,823	(21.580) (8.823)	398.416 5,210
	331.814		102.215	(30,403)	403.626
	814.116		900.160	(695,792)	1,018,484

Building fund represents donations towards the purchase or renovation of the church's new place of wors hiD .

Welfare fund relates to donations towards supporting general welfare needs including the donations to the Love Your Neighbour initiative which feeds the homeless in Barking

The charity has enough funds to support the restricted fund

Page 29

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTESTOTHEFINANCIALSTATEMENTS FORTHEYEARENDED31DECEMBER2021

Summary of funds -- prior period

	Balance at f				Balance at 31
	July2020 £		Income £	Expenditure £	December 2020 £
Unrestricted funds
General Funds	369.650		387.716	(275, oo4	482.302
Restricted funds
Buildingfund Welfare fund	282.292 12.615	}	3£sa7 5,777	l6,451)	379.879 11.935
Corona Virus Job Retention Scheme				J, la'r)
	294.907		51.075	l14,168)	331.814
Totaloffunds	664,557		438.791	1289,232)	B14,116

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REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTESTOTHEFINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

16.	Summary of funds				Balance
		Balanceat			at31
		I January 2021	Income	Expenditure	December 2021
			£	£	£
		£
	General Funds	482,302	797,945	(665,389)	614,858
	Restricted funds	331,814	93,392	(21,580)	403,626
		814,116	891,337	(686,908)	1,018,484

Summary of funds -- prior period

	Balance at			Balance	31
	I July			December
	2020 £	Income £	Expenditure £	2020 £
General Funds	369,650	387,716	(275,064)	482,302
Restricted Funds	294.907	51.075	l14,'t68)	331.814
	664.557	438.791	(289, 238	314.116

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REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINI'TY CHAPEL (A company limited by guarantee)

NOTESTOTHEFINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

17. Analysis of net assets between funds

Analysis of net assets between funds currentyear

of net assets between funds	currentyea	r
			Totalfunds
	Restricted	Unrestricted	at31
funds at31		funds at31	December
	December	December 2021	2021
	2021	£	£
	£
Tangible fixed assets Current assets	403,626	49.365 596.262	49.365 999,888
Creditors due within one		(30,769)	(30,769)
year
	l
	403,626	614,858	1,018,484
of net assets between funds	prior period
	Restricted	Unrestricted	Totalfunds at
	funds at31	funds at31	31 December
	December	December 2020	2020
	2020	£	£
	£
Tangiblefixed assets Debtors due after more than		9,536	9,536
oneyear Current assets	331,814	503,098	834.9f2
Creditors due within one year		PO, 33D	(30, 330
	331,814	482,302	814.{{6

Analysis of net assets between funds prior period

Page 32

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

18 Reconciliation of net movement in funds to net cash flow from operating activities

				31 December	31 December	31	December	December
					2021			2020
								£
					£
	Net income for the year (as per Statement of Financial				204,368			149,559
	Activities)
	Adjustments for
	Depreciation charges				6.329			3.935
	Decrease/(Increase) in debtors				85.603
	Increase/(Decrease) in creditors				437			(20, 02Q
	Net cash provided by operating activities				296,737			126,778
19.	Analysis of cash and cash equivalents
				31	December		31	December
					2021			2020
								£
						£
	Cash in hand				974,268			723,689
	Total cash and cash equivalents				974,268			723,689
20.	Analysis of changes in net debt
		Atl			At31
		January 2021	Cash	flows	December 2021
		£		£		£
	Cash at bank and in hand	723,689	250.579		974,268
		723,689	250,579		974,268

Page 33

REDEEMED CHRISTIAN CHURCH OF GOD('RCCG ') TRINITY CHAPEL (A company limited by guarantee)

NOTESTO THEFINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

21 . Pension commitments

The Charity operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge represents contributions payable by the Charity to the fund and amounted to £4,722 (2020 - £2,006).

22 Operating lease commitments

At 31 December 2021. the Charity did not have any commitments to make future minimum lease payments under non- cancellable operating leases as the lease on the current premises has expired and a new lease has not yet been entered into for the next rental. The Charity is in the process of negotiating a new lease when arrangements for the rental of new premises is completed.

23 Related party transactions

The Charity has not entered into any related party transaction during the year. nor are there any outstanding balances owing between related parties and the Charity at 31 December 2021

Page 34