Charlty Registratlon No. 1151877 Company Incorporatlon No. 08470482 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH Report & Flnanclal Statement For Year Ended 31 March 2021 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH YEAR ENDED 31 MARCH 2021 REPORT AND FINANCIAL STATEMENTS ONTEN REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLMES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENT 8-12 IEEDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAini GENERAL INFORMAnoN BOARD MEMBERS. OFFICERS. ADVISEftS AND BANKERS General Overseer Pastor E A Adeboye Trvsteos The Irustees who serned durfng Ihe peflod were as lollow." Mr5 Wosilat M. Alode Mr Segvn Isaiah Eyitomi Polmer Mr Idowu S. Daniels Mrs Folake O Odugbil& Pastor In ch￿9• Olodayo Odugbile Reglstered Address 301 Long Riding 805ildon Essex S514 IQR Accountants Do•Silvo and Associoles Lld 14 Farm Close Dagenham sex RM109TX Worshlp Addre RCCG Temple of Faith 301 Long Riding Baildon Essex S514 IQR Banke Uoyds Bank PIC Commerciol Bonking P. O. Box 11 Andover BXI ILT stalul¢)ry ReglslraHon Charity Commission Regi51ralion Charily Number: 1151877 Company Registralion Number. 08470482 REDEEMED CHRISTIAN CHURCH OF GOD TEAIPIE OF FAITH YEAR ENDED 31 2021 R•port ollh• Tnth•s e Irustees present Ihe annLKJI report orKI fintsnclol 51olemenl olThe Rethe￿d Chrislion Church ol God r'RCCGI Temp18 01 Foith for year ended 31 Morch 3)21. Pthclpol Aellvllès The prfnclpal octlvlties ollhls Chfjfty is Ihe (Kfvancement ol tha Cltrtsti¢￿ fotlh worfthylde ond the relief ol povth. Trls orgonisalion Is an incorporoted cFKJrity in England arny Walgs ￿nce Ihe 2nd May ￿73 Ihts overall control of Ihe orgoniso*on is the rosponsilility ot the bourd of tru51ees who ¢Je otso the dffectors toi componv purposes. Ihese ¥esponsitsThes hove been dglegated and vesled In tho Stsnior P05tor and Chiel Extscvlive Officer. The Sonlor Postor, who Is the sel rrKJn ol Ihe orgoni5011on c(Nry out lh& day to doy Ma￿0￿M￿nI of the Chorfty. He Is 0$515ted by Ihe Ch¢*Vs adminstrotor ar￿ o tèom of volvnl¢yy worter5 lo whom re5ponslbilit5es or& delegated. The soni￿ P051or1105e r¢gvloty wilh tt)e ch¢￿ty5 bo￿￿. Itntsnctd rwJ•w Thg Charlly5 ffnoncSd 51ot8rnenl for tt)e ye(w ended 31 March shows a Surplu5 01 £56,92712020.' nèl Surplu5 01 £11.3101 ReseThes ore requ￿ed in lh& e￿11 ol p0$5bkn emorgenctes. unexpected events and lo Qnsurg ¢ontigency plons ar¢ odoquolety funded. RCCG fempJ8 of Faith 55 0 momber ol Ihe Redgemo(I Cmsllon Chwch ol God w￿ldW￿. Thls relolion5hlp i8 govemed by on'owem&nl ofcommon PLKPOS•5' our p(vish and RCCG UK. Rhk manao•menl In order to solegvard the welfare ol chki tren yow@ people Ihe church operales o child prolection p¢ficy. All Church coordinolots ¢Jnd chlldren ond youlh w(Nkets are corefulty screened and hove on enhonced disclosure borrfng semce IDBSI chbck. (¥e troined in sofe WO￿ proctice ond work vnder approved gulder1￿5. Th8 Iru5tees hove osse5sed Ihe majoirisk5 lo which Ihv ch(rrity is exposed ￿. in particul￿ tt)ose relating to orjerations and linonces ol Ihe chthity aro Sollsfied Ihal Wem5 ¢xe in ploce lo mltigale exposure lo ony moior riskj. mothg pokfes The Church o5ysI poormembw5 tn Ihe conynvnity locing h¢ydS￿p coused by sudden emÈtgency i.e 105s ofjob etc. In acc￿d(￿Ce to the orgonisolion'5 grant moktng policy. REDEEMED CHAISTIAN CIIUIICM OF GOD IEMfLE OF FAnM Yf AA ENDED 31 MAItCM ￿21 Pvporf ol Ihv Irusle•s Iconlin¥wd) Ili1_. i¥ ¢JolelLI Ici ￿￿)n11¢Y1VI vofwil*f*. tn L%liTnulP.rt 4(m Iiuur., tsl muii PLIW44 m 5UPPrtrhnq ol the, 11 Ihs rt r(sn$e￿o￿vÈlY v(*Jcd qt & l A) lirJJ QITW)unl Iv rfycryJThJ £XI Pubk l•n•ll In eslut￿5￿1w Il'% PLigrammrs urKI OClivil*S ol PCCG nl Fr#lh. Ihp Iry51PtY. l)r'.ritbl+l lo Ihe qeTefLJ pUL￿e Ihe comnivThly wlh Il s rJt¥tr.15 01 colvunrini ￿T￿lian lailh N7 KiTrJdcrfn oTrJ Ihe i?l*l ol Fowerty ￿ I￿.. bvFb: ol outa Imff op•rohon5. pk]mrwJ on¢1 i*ciiitrs Tiuil¢•i' i•sponthlKI•i Icm opphci)b¢e to ￿￿¢￿he5 In tityjnrl ond W¢)les reqwes t1￿ Iwsl#es lo yepo¢e IiTrJncNJ slulemon15 1 ench Pinijnriol which gves a Irue ond w'e*4 rtl Iho slo1* ol ollrw5 CJI Ihe ch(yity oro ¢)1 cliJunting rècon$8 in acc￿￿r￿e th secb.on 386 of the Companies Act 2C￿,. and lo pr8par8 ￿CoUnts whth acoNd witti the 8ccc4Jnting records. compfy with the accouth.ng requirnments of the secbon 386 01 Ihe Companies Act and wth the methods and prinupKes ofthe Ststw of R6Y))mmYvJed Prth.. Ae¢ounting arKI Repoting by Charths (2} to whtch, in my opinron, att&rikn shtyjkj dr•wn in tyder to enable a kYOFer ￿K*￿ndlI¥j of thè accounts to be re8ched. Mrs Elloen Da-s1￿0 FCCA Da4ilva and A￿lAt#s Ltd 14 Fami Closg Dagenham Essex RMIO 9rA 5 knM.k.r.. 2021 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2021 2021 2020 Notes Unresfrlcted Fund Unrestricted Fund INCOME Donations 169.749 114,633 169.749 114.633 EXPENDITURE Charltable expendlture: Grants and donation Costs of activities for charitable objective., Support costs Management and administration Total Expendllvre 1,070 89.734 15,268 6.750 3,751 77,181 20,641 1,750 712.822 103,323 Net Incoming Resources/(Outgoing Resources) 56,927 11.310 Total Funds brought for¥vard 14.618 3,308 71.545 14.618 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 Notes Flxed assets Tangible fixed assets 1,184 846 Current assets Debtor Cash at bank 57.228 39.715 2,459 24,246 96.943 26.705 Credltorj: omounl falllng due wtthln one year 26,582 12,933 Net current assets 70.361 13,772 Totol assets less current Ilabllllles 71.545 14.618 Income Funds Unrestricted Funds- General Funds 71.545 14.618 ItEOEEMED CMiisllAN CHURCH OF GOD TEMPLE OF IAII BALANCE SHEET ICONFDI AS AT 31 MARCH 2021 In wep¢NW ihis financ￿1 51alemÈni" l. The dwecl¢ys are ol Ihe opNwn Ihol ccryony is èntllled lo &xemDhov. Irom audit under sÈctK)n 47712101 Ihe ComDarues Act 2(X)6 relohnq lo Sma￿ comoanie: 2. No nolice ha5 been deooyt6d vnder serlion 476 ol ihe Cornoonl￿ Aci ￿ ane 3. The d¥ocliHs ackrK)wfedge Ihel les0ons￿¥￿1￿S I . Enkying Ihal th6 company keep accountrn recryas which comply w7tr4 s&ction 386 01 Ihe Cornponies Acl 20)6 an-. . PTeporiw accounls which oive Irue ond lo¥ view ol Ihe stole ol ol Infv eomponv 05 01 rhe end ol Ihe linoncial Yeor ona ol il'5 SUfotsJ5 ond delicii In accordonce with lh& recwffements ol seclion 396. on¢J which olhthitse como4 1 with rhe reouwemen15 01 Ihis Acl reialing lo occoun15. 50 1¢> os optylca￿ts io Ine comDoni. This finonciol Siolemenl hove been Dren￿ed in occ￿00ThCe vrilh Ihe provi5bJTrS OQDIic¢JDie t=. comoonie5 subje¢l lo Ihe Smal compan￿$ re9me Apyoved *)n ol Ihe botrd oltrus1••s on th• io 2021 Mr S•9vn Isolah Eylloml Polm l•Js Fthke O Odu9ble It￿*e￿ REDEFMED CHRisllAN CHURCH Of GOD IEMPiE OF FAlfH NOTES 10 THE FINANCIAI STATEMENts YEAR ENDED 31 MARCH 2021 1. Ac¢ounMrft4 polky The principol accounting pdides. oll ofvthch have been qwted cc¥bistenlty 11￿0Lrt the year, ore set out below-. {ol Scope and boih allhe hrKn¢lol sl¢rtemenh Th8 flnonciol 51olements have bean prepor8d unde( the hi51c￿e￿I cost convenlion ond in accordoncè wlth applicoble occounting 5tondards und The 51atemenl ol Recommtrnded Practice.. AccovnllThJ and Rep(yllng by Ch(yllrt$150RP ?￿1 i55ued in M(wch 21M)5. Ibl ￿jna ¢JceovnHng Gen&rol funds ore unreslrfcted fLMd5 ￿lCh 0voll0b￿ lor use at Ihe discretion of the TIu5teès In I￿theranc& of lh8 genwol objectives ol the pcrrijh ond which have nol b¥en des19r￿ted for oth6r pvrposes. (c) Incomfng r•wurc•s All income 15 accounted frywhen the Chorfty hos enlitlwnent lo Ihe fund5. Ihe am¢yJnl con be quontified and Ihere is certointy ol receipl. (d) Rmourcw •xp•nd•d All expendllure is occoun18d lor on occ1L￿ basls l￿d h05 been InC￿ded Under ¢4￿￿5e categorles Ihot ¢Jggregote oll costs ollocolSon to 4Xtlvitie5. Where cosls cannol be aireclly allrfbuled to porticular aclivitles they have beendlocoled on o conslstenl wllh the u>e ol the resources. c￿OnI poyoble ore ¢h)rged in the Ye￿when the ofler Is moae except in those coses whère the offér Is Con￿lI10n￿. svch ryonis bein9 rtscognlsed as expenditur& when Ihe condStlons ¢Jlloched orè ￿lI￿lled. Grants offered svl¥ecl lo condilions which hove not beon mèt al Jh• year ond Ixe noied as o commilment, but not accrued as expendltwe (•) Coth Ilow The financial slalements do not Include a c05h fiow slalemenl because Ihe church. os 0 Small reporllng entity. Is exempt from the requiremenF to prepore such a slotemenl under Ihe ffnancial Reporting Sland¢yd IL¥ Smaller Entities leffeclive June 2rxi21. (11 T¢Jnqtbl& ffxed otsèts and depF•elglton AII 055e15 costing tnorè Ihon ￿ orè copitthd. Tangible fixed assets tye sloled ol cost and dÈprectoted a straitht rine l)asts over their Use￿1 economic live5 05 follows-. Equipment Furnitu￿ & Fittin95 25% 25% REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOTES TO THE FINANCIAL STATEMENfs (Cortlnu•d) YEAR ENDED 31 MARCH 2021 202) Unrestricted Fund Unrestrfcted Fund 2. Incom• from A¢￿Ille$ In fvrtheranc• of Chorfloble Objects rilhes & Ollering Other Donotion5 Gronts received Gift Aid 91,424 12.585 iowo 54.690 169.749 114.633 114,633 3 Gvonts and Donalloni RCCG - Wortd Evongdical Mlssion RCCG - Centfol Office Fund & FOL other Gronls & Donations 2,906 1.070 1,070 21S 3.751 4. Cosl ol A¢tlvlll•s lor c￿dIabl• Obhetfv• Rent ond Rotes Welfare Conference5 & Events Worship Ministry 74.997 7.897 51.772 15,315 2.104 7,990 77.181 6.840 89.734 5. Support Co Books & CDS Slotionery & Printing Relre5hmen*s & Svbsislence5 Communication & Intemet Transportotion Bank Charges and deducliorLS Repairs & Renewal Honourarium Depreciotion Insurance 5.179 175 972 .413 230 457 750 5.255 2095 423 5.260 20.641 2.219 1.240 2.698 15268 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOIES TO THE FINANCIAL STATEMENTS (Contlnved) YEAR ENDED 31 MARCH 2021 2020 6. Management and Admlnlsfrallon Accountoncy fee5 Past(Hral care Consultoncy 1,7C 5.250 50 1,750 6.750 Flxed Assets Cojt At 01104120 Additions At 31103121 5,367 1.578 6,945 A¢cumvlal•d Depreclaljon AI 01104120 Depreciotion for the year At 31103121 Net Book value AI 31103121 4.521 1.240 5,767 1,184 At 31103/20 10 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOTES TO THE FINANCIAI STATEMENf5 (Contlnved) YEAR ENDED 31 MARCH 2021 2021 2020 8. Credltors Accruols (26.582) 112,9331 9. Movement In funds Unresmcted Funds Unrestric*8d Funds Openlng balance Nel lexpendllurel[Income Balance al 31$1 March 14.615 56.927 3,305 11.310 71.542 14.615 10. Trustee Emolum•nts No remuneration or expenses were paid to the Trustee during the year. l l. Taxallon RCCG Temple of Foith15 a registered charity and is eligible for the exemptions from taxolion available lo chorities on their charitable activities. No chorge to laxalion therefore arises. 12. Sllpend pald to related pty. 2021 Pastor Foladayo Odugbile 5.250 11