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 OVe￿eer 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 cHRI￿N 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 P￿C￿OI AclhTMI•s The princlpol oclivities of ltrws C￿rity ￿ Ihe advancement of Ihe Cmslfjcm lolth worfoWdo and th& iellel of poverty. Thi5 organi501ion is on inCo￿Orated charity in England arKI Woles slnce the 2nd Moy 2013 Th8 overall control of the organisation is Ihe r6sponsibi4ty of Ihe boord ol I￿￿te&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& Or￿lS0110n corry out Ihe doy to doy monaggmgnt tsf the Chorlty. He15 05$151ed by the Chority5 (xJminsfv01￿ ond u teom ol voluntary wort•fs to wthom iesponslbilltles ore ddegoted. The 5enlor Postor ￿05& regvl¢yty %*Alh Ihe ch¢JlV5 board. Flnanctd r•¥l•w Th¢ Choritys ffnon¢i& stot¥m&nt for Ihe Ye￿ ended 31 M(xch 3)22 shows a Ml Svrplus of £16,W12021 . net Surplv5 of £56,927> Rese￿85 cwe fequ¥ed in lh8 event of pos5th èmergenc1tr5. L¥leXPtrCted event5 ond to ensure conllgency pbn5 ore ¢)de¢walety funded. l•lultd i•lutk*n*4) RCCG T8mp18 01 Failh is a m8mberol Ihe Rgdgemgd Cmstion C￿r¢h ol God wOrt(￿de. Ihls relollonship is oov8mtrd by cm'ogre•m•nl ol ¢ommon pupos•s' ￿lWa*fi OLY ptsish ond RCCG UK. R55k manaq•m•nl In ordef 10 5aleguard Ihe wewrye ol cNktren and young peop￿ ￿ chvreh operate5 0 chlld protecfron policy. All Church coor ore in FJo¢e to mitigote exposure to ony mc4or risks. The Church 05515t poor m?rth5 in Ihe community focing h¢xdship CLMned bywd(kn emergency i.e 105s of lob elc. In arc¢y(Jance lo ￿ (xgr￿1￿tion.S gant rrKJklng polcy. B￿nk page IEDEEMED CNR15TiAX CHURCH OFGOD TEMPLEOF FAffH YEAR ENDED 31 MARCH 2W lepertl ol the Tiuslees lcontirwpdl VohJnl••r5 1￿churchi5 ryoleftsl row w¢￿Iertu1yakn1Ice[1.th) M*x¥s ol och *￿ek In 5UDQtslry Ihp Op￿￿￿0[ I￿£￿￿11fy. Putslc B•nefft In esl0L4ffjh￿ Il"1 progommes¢yKJ OClNiiesol RCCG l¢n* ol FTrm. Ihc kuslL)Q$¢tA￿Ils bpr*lil lo tne oenerd Fwf4¢ whlhn IIEcCffimwity¢**n￿VrtIhIr$ clKmtytylsof Odvortw ChnsiKJn Iorfh n ihiied MY Ilwiehefc4 Povthffi Ti¥Jte•s' I•5PM￿￿￿1•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(W￿l Ihxe f1Th￿*S 5101￿)en[l ' SdecI￿1 5UIlOWocctyJrnno Dok*¢xdtWed ltr￿ c¢nststentr. . ￿.a￿t rJ¢otsTenIso￿ ¢SiTh?105 Ihoi (xoieosiwble s￿￿￿1.. 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. financ￿1 orf 011￿￿$*. TW rye¢knre¥>ongtdElry keer*o ryOLV rec(¥ds WnicfKIKIosE reoson¢Y%e occwocv ol ony tTht fwKxJlpoYl￿1ioI I1￿¢￿￿1 orQ enab￿ In•m IDenswe thcji Jtatemoniiccthoty ki 19P3. Theyore olsorespcny￿e Icrf Il*ossels ol loy k￿l￿a r¢¢sonobie $￿p5 lor Ib'5 Icpryt W¢J5a£yoveu by the trwdol I￿lee5￿ fv ...................................... li MT• Fo]akn O Odu8bi Fcrf.. The aoord ol Iru51B•5 Independent Examlner'5 Rep(vt to the Trustees of REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAMI We report on the accounts of the R￿eeMed Christian Church ol (TlÈ IIu51•• REDEBMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH NOTES TO THE FINANCIAI STATEM￿$ 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 $1ol¢nw The flnancial statements hove been prep￿ed under Ihe historicol c05t convention and in occordance wilh applicoble occounling slondords c¥ThJ The Slotement ol Recommended Proctice.. Accounting ond Reporting by C￿lieS ISORP *J)51 i5wed in March 2Q)5. (bl Fvnd accounmng General funds ore unrestrlcted funds whlch (ye avolloble lor vse ot Ihe (Jtscrellon ol the Trustees In lurthoionce ol thè gènèrol objè¢lives ol Iha pori5h orKJ vthlch hovè not begn designoted for other pU￿OS&S. (cl I￿OmIng r•iowc All income is occounled for when Ihe c￿ty hos enllll8menl to Ih• lunds, the omLmt an be qvonllfled ontJ Ihere 15 certointy ol receipl. (dl •xp•nd•d All expendllvre is occounled lor on accrvol bosis arKI IYJS been knclucled ew8nse calegories thot oggr6gat& oll costs l(y ollocolion lo oclivilie5. Where c051$ cannot be dlreclly altrfbuted lo port1cv1￿ octiwlles Ihey hove beefi0￿0¢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 condtiC￿01. $l￿h gronts being recognised as expendllure when Ihe conditi¢Jns olloc￿￿ (xe Ivlfilled. Gfants offered 5ubiecl to conditions which have ngl been mel at lh8 yeor en(J ore noted 0$ 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 dep￿claI10ft All assets costing more th(￿ £YX) COKxI(Ased. Tongible fixed 0$5ets ate 5toled at Cost IXKJ deprecioled ￿ o strol￿11 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 M￿lon 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