Charlty Reglstration No. 1151877 Company Incorporation No. 08470482 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH Report & Flnanclal Statemenl For Year Ended 31 March 2022
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH YEAR ENDED 31 MARCH 2022 REPORT AND FINANCIAL STATEMÉNTS NTEN PAGE REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVMES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENT 8-12
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAThH GENERAL INFORPAAlloN BOAItD MEMBEIES, OFFICERS. ADVISERS AND BANKEIES General OVeeer Pastor E A Adeboye Truslees The trusteés who swv•d durfng th• period were as follow." Mr5 Wosilat M. Alade Mr Id¢)wu S. Doniels Mr Segun Isoioh PoSmer Folake O Odugbile Pastor In Chorge Oladoyo Odvgbile Reghtefed Address 301 Long Riding Basildon Essex SS14 IQR Accovnlants Da-silva and Associotes Ltd 14 Fom Close Dagenham Essex RMI 0 9TX Worshlp Address RCCG Temple of Failh 301 Long Riding Boildon E55ex SS14 IQR Banke Lloyds Bank PIC Commerciol Bonking P.0. Box IC Andover BXI ILT stahrtory Reg151ralion Charily Commission Registration Charity Number: 1151877 Company Regislrolion Number: 08470482
REDEEMED cHRIN CHURCH OF GOD IFMPLE OF FAnH YEAR ENDED 37 MARCH 2022 Reptyt ol It Tnjstees The trust&&s presenl the annual report and financial 51otement ol The Redeemed Cmsllan Church of God f'RCCG"l Temp ol Foith lor the ye¢y ended 31 Morch J)22 PCOI AclhTMI•s The princlpol oclivities of ltrws Crity Ihe advancement of Ihe Cmslfjcm lolth worfoWdo and th& iellel of poverty. Thi5 organi501ion is on inCoOrated charity in England arKI Woles slnce the 2nd Moy 2013 Th8 overall control of the organisation is Ihe r6sponsibi4ty of Ihe boord ol Ite&S who ar¢ th• dlrectors loi compony purposes. These responslblmles been dg18got•d and vested In me Senior Paslor ond Chl81 Ex8cutlve Officer. S8nlor Poslor who Is stsl mon ol th& OrlS0110n corry out Ihe doy to doy monaggmgnt tsf the Chorlty. He15 05$151ed by the Chority5 (xJminsfv01 ond u teom ol voluntary wort•fs to wthom iesponslbilltles ore ddegoted. The 5enlor Postor 05& regvl¢yty %Alh Ihe ch¢JlV5 board. Flnanctd r•¥l•w Th¢ Choritys ffnon¢i& stot¥m&nt for Ihe Ye ended 31 M(xch 3)22 shows a Ml Svrplus of £16,W12021 . net Surplv5 of £56,927> Rese85 cwe fequ¥ed in lh8 event of pos5th èmergenc1tr5. L¥leXPtrCted event5 ond to ensure conllgency pbn5 ore ¢)de¢walety funded. l•lultd i•lutkn4) RCCG T8mp18 01 Failh is a m8mberol Ihe Rgdgemgd Cmstion Cr¢h ol God wOrt(de. Ihls relollonship is oov8mtrd by cm'ogre•m•nl ol ¢ommon pupos•s' lWafi OLY ptsish ond RCCG UK. R55k manaq•m•nl In ordef 10 5aleguard Ihe wewrye ol cNktren and young peop chvreh operate5 0 chlld protecfron policy. All Church coor<fino1 an<1 chiktren and youlh work5 are careluHy scieened ond hove on enhonced disck)sure service IDBSI check. They Lve trained in sofe work proctice and work under approved guidelines. The twslee5 hove as5es5ed the moior ri5*5 to vhmch Ihe charity is exposed to. In particul¢J Ihose reSatir¥J to the opefotions ond finonces of Ihe chofity ond (xe 5glisfied Ihgl wlem> ore in FJo¢e to mitigote exposure to ony mc4or risks. The Church 05515t poor m?rth5 in Ihe community focing h¢xdship CLMned bywd(kn emergency i.e 105s of lob elc. In arc¢y(Jance lo (xgr1tion.S gant rrKJklng polcy.
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IEDEEMED CNR15TiAX CHURCH OFGOD TEMPLEOF FAffH YEAR ENDED 31 MARCH 2W lepertl ol the Tiuslees lcontirwpdl VohJnl••r5 1churchi5 ryoleftsl row w¢Iertu1yakn1Ice[1.th) Mx¥s ol och ek In 5UDQtslry Ihp Op0[ I£11fy. Putslc B•nefft In esl0L4ffjh Il"1 progommes¢yKJ OClNiiesol RCCG l¢n ol FTrm. Ihc kuslL)Q$¢tAIls bprlil lo tne oenerd Fwf4¢ whlhn IIEcCffimwity¢nVrtIhIr$ clKmtytylsof Odvortw ChnsiKJn Iorfh n ihiied MY Ilwiehefc4 Povthffi Ti¥Jte•s' I•5PM1•s Low ¢pplcgble to Chonltsin Wde5rqoxe51ts Io pt•pm slalomoits tLY ecc. IinttncK% vetyMtichgrye5 0 lty Y¢ot ¢Yltysol fv ¢ty and ol Ih ch¢ritYono o,, I,e dBW IhecWyl(XT p(Ye(Wl Ihxe f1ThS 5101)en[l ' SdecI1 5UIlOWocctyJrnno Dok¢xdtWed ltr c¢nststentr. . .at rJ¢otsTenIso ¢SiTh?105 Ihoi (xoieosiwble s1.. eDoTtthe5 Ofxj eApk>d in ine stoknncpts.. c ' PiepLwe¥ In firutw 5Toiernenlsmo ¢¢eSLYnQ Mol Tpe Trysl cohfrye OF)WOItsW. ' Ihe Iru51ees hove ovwoll¢05ponsib4tyltywKth¥J Ihjl oncwt¥xolc5Yslom ol contsois. financ1 orf 011$. TW rye¢knre¥>ongtdElry keero ryOLV rec(¥ds WnicfKIKIosE reoson¢Y%e occwocv ol ony tTht fwKxJlpoYl1ioI I1¢1 orQ enab In•m IDenswe thcji Jtatemoniiccthoty ki 19P3. Theyore olsorespcnye Icrf Il*ossels ol loy kla r¢¢sonobie $p5 lor Ib'5 Icpryt W¢J5a£yoveu by the trwdol Ilee5 fv ...................................... li MT• Fo]akn O Odu8bi Fcrf.. The aoord ol Iru51B•5
Independent Examlner'5 Rep(vt to the Trustees of REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAMI We report on the accounts of the ReeMed Christian Church ol (T<CCGJ_ TemkA& of Farfh lor th& ènd8d 31 March 2tr22. thch a set (rt (N) pages 5 to 11. Resi11¥¢ respon8lbllltl•8 Of tru•t¢e¥ and •xamln The twslees {who a also the dire(aors ofthe company frx thÈ PUA of company lawl are responsible for thè prep8ratK)n ol the aJnts. The tmstees Consrthat an audr( is not requir•d for thi5 year under secbon 14q21 ofthe Chanb•s A£1 2011 Its 2011 Art) aThJ that an Inwwdent examination 18 needed. Having 8atis118d myselfthat the chanty Is nrt $ubi•a to autht CA)mwy18w #nd is eligilbe for independent examination. It is my responsibilrty to." exarnine lh• 8cewnt under Isecbon 145 ofthg 2011 Acl. to follNing the youle$ laid in the general Directions gNen by th& Chanty Cornmission un¢Jer soth.on 145(5llbl oflhe 2011 Art and to state whether paiticular mattws have com& to my 911On 8a818 ol Ind•pndont •Mmln•f• r•port My •xamlnation was carrieil out in accdan th• Genwd Oirtttsom gNen by tho Cha Commission. An exarnlnation irUde3 a re¥ ofthè accounty'n9 record8 kept by the Chanty nd a cornpari8c of Ihe accounts psented wtth th088 recuds. It also indudes considerats'on of any unu3tJal iterns or disdO5ur in the xcthJnts, and seeking exF4anations trom th¥ InJ8tees conceming any such matters. The procedures undertaken do not Fwoyide all the Wd•n ¢hat would be required in an audit and consequ8nty no opin•)n is gNen a8 to wheth8r thè aecourtts pre8ent a trug and fair vitrw and Is I'mlted to IlThe mattorn sel out In Ihe Staternent tdthy. Ind•p•nd•nt •xarnln•rf• •14t•ment In connection with my examinabon, no matter has Come lo my a¢tention.' 111 which gives reason8We cause lo ¢ha( in any matenal resF•¢t the reqwrements: to k¢¢p a¢counts"ng recd8 in 8¢cordance wth sécbon 3e6 of ihe Companies Act 20C8; and to prèpèrt accounts whh aecord with the aCcting r•cord8. compfy with the accounung raquirements ol the sact)n 386 of the Cornpani Ad 21X)6 and with the methods and prinaples of thè statem of R¢oynrnem Prkn.. A¢o)unting and Repth"rKJ by Charities 121 to which, in rny opinion. atterikn sIKw) be in order lo eftab a proper MIerSn41j ol the account$ to be reached. Eileen Da-sifva FCCA Da.Sllva 8rrf A5SC4Jat88 Ltd 14 Fami Close Dagenham Essex RMIO 9TX e.-th4*r2022
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2022 2022 2021 Notes Uniesfrlcted Fund Unreslricted Fund INCOME Donations 140,152 169,749 140,152 169.749 EXPENDITURE Charllable expendlture: Grants and donalion Cosls of activities for charitable objective.. Support costs Management and administralion 13.799 74,056 17,398 18,815 1,070 89,734 15,268 6,750 Total Expendlture 124.068 112,822 Net Incoming Resourceslloulgoing Resources) 16.084 56.927 Tofal Funds brought forward 71.545 14,618 87.629 71,545
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH BALANCE SHEET AS AT 31 MARCH 2022 2022 2021 Notes Flxed assets Tangible fixed assets 790 1,184 Current assets Debtor Cash at bank 25,245 62,845 57.228 39,715 88,089 96,943 Credllors: amount falllng due wlthln one year 1,250 26,582 Net current assets 86.839 70,361 Total assets less current IlablllNes 87.629 71.545 Income Funds Unrestricted Funds- General Funds 87,629 71,545
REOEEMED CHRISTIAN CHUICM Of GOD TEMPLE OF FAIIH 8ALANCE SHEET ICONIDI AS AT 31 MARCH 2tyI2 In k¥eDing Ilmsoncl stolen1.. l. The dYecl(M5 ale ol the W¥TA(yi t11 I1 c(Mworiy enIllIed lo eMwry)I liom vJe1 sec1114171)I ol CornkKWS Ac'l %))0 retr)lfj Io YTKI CCry)o. ?. No noiK.e h05 been dL'ootslpd urKkn 5rrlw 416 the C£J)I AL'I XY)6ond 3. The &ipcltrs nCkrtowdge I1 rO%)fMKl51¢y.' .ensunng Ihol Ihe comwny keep o¢courilxMJ rocLY(ts vAKh Sect[) 286 01 ClynporS kl (Hxl -Prepuing a¢counlswttth give li5 ol 51olc ol olloKs ol Ine Componv as OT tho eno ol fnortKJyeor ond ul il's (Jef1,. a¢ccYdoncc wlh lh¢ icqworrenls o15ccI 396. 0ndhoI1ytsl, r.nV wllh reouyomcnls ol IA¢1 lo I0<0tO to Ihc coms)ony. l¢wcial Stokerrt hov been LwJtred•l (X¢(y(hJrte th Ihe tyoviyNhsipFAtth I coryponw 5u*I Io Ihe Approv•d •n b•h¥l olth• b#tsr£l 01 Irust••softhth• ith r 2022 Mr S•9vfi lsqloh Pofrn TrLSSteè FolDk• O Oduql>lÈ IIu51••
REDEBMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOTES TO THE FINANCIAI STATEM$ YEAR ENDED 31 MAttCH 2022 l. Accountkng pollcy me prlncipal accoun11ng poli¢it5. 011 olwhich IKNe twi oppfjed con5i51enMy tfY¢xJghovt the yeor, sel out below.. (o) S¢opè and btssls IS flnon¢lul $1ol¢nw The flnancial statements hove been preped under Ihe historicol c05t convention and in occordance wilh applicoble occounling slondords c¥ThJ The Slotement ol Recommended Proctice.. Accounting ond Reporting by ClieS ISORP J)51 i5wed in March 2Q)5. (bl Fvnd accounmng General funds ore unrestrlcted funds whlch (ye avolloble lor vse ot Ihe (Jtscrellon ol the Trustees In lurthoionce ol thè gènèrol objè¢lives ol Iha pori5h orKJ vthlch hovè not begn designoted for other pUOS&S. (cl IOmIng r•iowc All income is occounled for when Ihe cty hos enllll8menl to Ih• lunds, the omLmt an be qvonllfled ontJ Ihere 15 certointy ol receipl. (dl •xp•nd•d All expendllvre is occounled lor on accrvol bosis arKI IYJS been knclucled ew8nse calegories thot oggr6gat& oll costs l(y ollocolion lo oclivilie5. Where c051$ cannot be dlreclly altrfbuted lo port1cv1 octiwlles Ihey hove beefi00¢0ted on o b0515 con5151ent th the use ol the re50LKce5. Gronl poyabl6 are charg8d in thè yèorwhèn the offer is made axcepl in Ihosg C05e5 whefe the otferls condtiC01. $lh gronts being recognised as expendllure when Ihe conditi¢Jns olloc (xe Ivlfilled. Gfants offered 5ubiecl to conditions which have ngl been mel at lh8 yeor en(J ore noted 0$ o commilmenl. l)vl nol occrued 05 gypendlture lel Cash H¢)w The finonciol 5totements do not include a cash ftow 51atem8nl becov5e Ihe church. 05 0 sm¢YI reporting entity, 15 exempt from Ihe QUireMen1 to prep(e svch o stolemenl urbder the financitsl Reporting Slondard rorsm(r &itlties leffecthve June IW21. {11 Tangk>le ftxed ossets ond depclaI10ft All assets costing more th( £YX) COKxI(Ased. Tongible fixed 0$5ets ate 5toled at Cost IXKJ deprecioled o strol11 fine boys over Iheir useful economic lives as fouows: Equipment Fwniture & Fittings 25% 25%
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOTES TO THE FINANCIAL STATEMENTS (Conttnved) YEAR ENDED 31 MARCH 2022 2021 Unreslricted Fvnd Unre51vleted Fvnd 2. Income from Aclfvllles In furtherance of Charllable Objeets Tlthes & Offering other Donations Grant5 received Gift Aid 116.777 669 91.624 12.585 10.850 54.690 169,749 22.706 140.152 3 Grants and Donollons RCCG - Worfd Evangelical Mlon Olher Grant5 & Donations 11.199 .070 1.070 13,799 4. Cost ol AcllYNl•s lor Chc*llabl• ObJ•cllv• Rent and Rales Welfore Wotship Mlnistry 64,7C 74.997 7.897 6,840 89.734 6.050 74,056 S. Support Cost 6.760 5,179 175 972 1.413 291 Books & CDS stationery & Printing Refreshments & Subsistences Commvnicalion & Inlemet Transportation 851 Bank Charges and deducfft.ons Repairs & Renewal Depreciation Insurance 1,081 2.219 1,240 2.698 15,268 394 17.398
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOTES TO THE FINANCIAI STATEAIENIS (Conllnved) YEAR ENDED 37 MARCH 2022 2021 6. Managemenl ond Admlnlslrollon Accountoncy fees Pastoriol core Legal and Professional fees Trolnlng ond Consulloncy 1.5 5.250 6.730 8.735 2.1(XJ 18.815 6.750 Nxed Assets Cost AI 01104121 Addilions At 31103122 6,945 6.945 Accumulated Depre¢lallon AI 01104121 Depreciation for the year AI 31103122 Net Book value At 31103122 5.761 394 6.155 790 At 31103121 10
REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOTES TO THE FINANCIAI STATEMENTS (Contlnved) YEAR ENDED 31 MARCH 2022 2022 2021 8. Credllors Accfuols (1.250) 126.5821 9. Movement In lunds Unrethlcted Funds Unrestricted Fund5 Opening balonce Nel lexpendilurellincome 71.545 16.084 14.618 56.927 Balance at 31* M(w¢h 87,629 71.545 10. Trustee Emoluments No remuneralion or expenses were paid lo the Trv5tee during the year. I l. Taxatlon RCCG Temple of Failh is o regislered charity ond is eligible for the exemptions from taxalion available lo charilies on Ihew chariloble activities. No charge to taxalion Iherefore arises. 21 12. Sffpend recelved by a Tekrfed party. Pastor F¢Jadayo Odugbile 6,730 5,250