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← Redeemed Christian Chuch Of God Victorious Family Parish

2021-12-31-accounts

Company Registration number 08488900 (England & Wales)

Charity Registration number 1151893

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 December 2021

Redeemed Christian Church of God

Victorious Family Parish

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Contents of the Financial Statements for the Year Ended 31 December 2021

Contents of the Financial Statements
for the Year Ended 31 December 2021
Page
Legal and Administrative information 3
Report of the trustees 4 - 7
Report of the independent examiner 8
Statement of Financial Activities 9
Balance Sheets 10
Cashflow Statement 11
Notes to the Financial Statements 12 - 15
Detailed statement of Financial Activities.
(Do not form part of notes to Financial statement). 16 & 17

2

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Legal and administrative information

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charitable company is constituted under a Memorandum of Association dated 15th April 2013 and is a registered charity with charity number 1151893.

REFERENCE AND ADMINISTRATIVE DETAILS Company number

08488900

Charity number

1151893

Principal location

Rehoboth House 2 Bootham Close Rochester Kent ME2 2PG

Trustees

Mr. Oluwale Oguntoyinbo Mrs Olajumoke Dokun Kade Monde - appointed 13/03/2021 Mr Francis Jatto - appointed 13/03/2021 Mr Sheriff Eletu - appointed 13/03/2021

Independent Examiner

Patricia Balogun (FCCA) Chrisdol Consulting Ltd Studio 22, Action House 53 Sandgate Street, London SE15 1LE

Bankers

NatWest Bank Plc 56 High Street Strood Rochester Kent ME2 4AG

3

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Report of the Trustees

for the year ended 31st December 2021

The board of trustees (who are also directors of the charity for the purposes of the Companies Act) submit their annual report and financial statements of Redeemed Christian Church of God (Victorious Family Parish) (the charitable company or RCCG VFP) for the year ended 31 December 2021. The board of trustees confirm that the annual report and financial statements of the charitable company comply with the provision and requirements of the Companies' Act 2006, Charities Act 2011, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005, and other current statutory requirement.

Board of Trustees' reponsibility statement

The board of trustees (who are also directors of Redeemed Christian Church of God (Victorious Family Parish) 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 (United Kingdom Generally Accepted Accounting Practice).

Company law required 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 and of the incoming resources and application of resources, including income and expenditure, of the charitable company for that period. In preparing these financial statements, the board of trustees are required to :

Method of appointment or election of Board of Trustees

The management of the charitable company is the responsibility of the board of trustees who are elected and co-opted under the terms of the Articles of Association.

Aims and purpose

The Redeemed Christian Church of God Victorious Family Parish is a Christian church which seeks to fulfil our purpose and calling as followers of Jesus Christ. Our main objective is to promote the gospel of our Lord Jesus Christ according to the doctrines and practices of the Redeemed Christian church of God and the alleviation of poverty. This we do in many ways as outlined in the report below. It is our belief that as we witness the love and blessings of God in our Christian community, we in turn are able to extend this to the larger society and draw others unto Jesus.

Objectives of the charity, principal activities and organisation of our work

The main objectives of the charity are:

  1. The furtherance of Christianity and the Christian education.

  2. Provision of a suitable atmosphere where Christian principles can be taught and developed within our community

  3. Establishment of a church open to all nations and nationalities where the practical Christian principles will be taught and experienced.

As a church charity operating post pandemic has come with both challenges and rewards especially as we have seen the welfare needs of the community increase as life returns to the pre pandemic times. During the year under review, we have had to sustain the ‘Love your neighbour scheme’ modifying it to suit the situation in our immediate and extended community. In this year, we witnessed the influx of students who have come into the neighbouring universities for their various courses, we are glad that they have found a ‘family’ in us as a church.

4

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Report of the Trustees

for the year ended 31st December 2021

The various services have continued largely online as this has been found to be more cost effective and particularly beneficial as it enables the members to catch-up on the services missed on the various social media platforms. our focus in all the meetings remains seeing how we can develop, nurture and encourage members of our community to be the best they can be, maximising every opportunity they have available to them. The purpose was to then deploy them to go out into the wider community to be a blessing.

Developments, Activities and Achievements in the year from January 2021 - December 2021

Covid-19 Changed Everything

In 2021 we looked to consolidate on the successes of the previous year by looking to optimise the volunteers and resources available to ensure greater impact and output across all parts of the church. I am happy to report that a phased return of the children's church commenced with an age group holding classes per week. This brought in many more families to join the church.

We recognised that there were quite several families across our communities where the main earner was self-employed and could not qualify for the furlough scheme announced Central Government, other homes consisted of single parents who could not work because they were shielding, still others had a complete cut in income as the nature of their work was such that it could not be done from home or online. These realities brought about by Covid-19 led to the strengthening of the welfare policy to expand it to cater for these categories of people in the community we serve. We sought extra funding from Kent Community Fund for funding emergency Covid-19 relief food packs to the community in line with our public benefit mandate. We also joined with the Love your neighbour Scheme led by a coalition of churches across England in partnership with the Department of Culture, Media, and Sports (DCMS) to prepare and distribute food packs monthly to those at risk of food poverty. This continues till date as part of our support during the pandemic season and beyond.

Impact of Covid-19 on Service Attendance

During this year, Victorious Family Parish continued to invest in the provision of services across online platforms in pursuit of its vision of being a community church at the heart of Medway welcoming of all nations and remaining a light to all. We as an organisation delivered our celebration services in hybrid format as both online and in person services on Sundays. This interaction provided a welcome boost to the wellbeing of many who continued to work from home or who had limited in person contact. A mini food bank was put in place so those who are in need could pick useful food items as they required them In addition to this, we had to upgrade our provision of support especially to those who were vulnerable both within the church and larger community of Medway towns giving out on average 20 food parcels every month.

The church has continued to develop strategic partnerships with like-minded organisations and churches to pursue her aims and objectives. She continue to serve as a watch tower church interceding in prayers for local, regional as well as national issues facing our country. This financial year has also seen the church continue her support for other local charitable organiisations through regular donations and support in every way possible.

Church Joint Mission Partnerships - Online

Saints Alive interdenominational evening of joint worship of churches across Medway Towns on 31st October featured a live service across in one of our sister church in Chatham, it was great to be able to meet up with other believers in joint worship

Joint interdenominational prayers by churches in Medway Towns for missions across Medway on 25th November.

Christmas Connect joint carol service by churches across Medway on the 12th December at the KICC Prayer city, Buckmore. Park. The guest speaker was Mark Ritchie and it was great to see believers from across the body join together in worship. This was a hybrid service featuring across various social media platforms.

As part of our drive to be a blessing to all members of the public under our public benefit agenda, the year saw the church partner with ‘Compassion organisation’ to sponsor children and take them out of poverty.

We have continued our ongoing support for the following charities: Christ the Redeemer (Bible) College (CRC), African Missions, Compassion Charity with whom the charity actively encourages groups and members in the church to similarly sponsor children as a way of taking them out of the poverty line in various parts of the world irrespective of creed, gender, colour or religion.

5

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Report of the Trustees

for the year ended 31st December 2021

Special Programmes the Church Held

This year, the church turned 17 and because we were just returning back to some form of normality in our in-person services, it was a low key event the pandemic, celebrations were scaled back and done moderately.

As part of our drive for community impact, a community BBQ scheduled to hold on the last Sunday in August to provide an atmosphere to bring the community together irrespective of race, religion, orientation in an afternoon of fun, fellowship and feasting together for all ages held following a risk assessment.

During this financial year, the operational base for the regular in -person meetings of the Church when allowed has remained the Dock Road Chatham and we have continued to develop the premises to make it available for the community. To keep the connectivity and interactivity of the services, we moved on to the Zoom platform simultaneously broadcasting to our Facebook page.

We have continued to work closely with other Christian organisations within Medway and are fully affiliated to Churches Together In Medway (CITM) an umbrella organisation for all Christian groups within the Medway towns focused on bringing the Christian faith alive in our communities.

The church continues to support fully National and international commitments of the RCCG Worldwide and U.K. Executive leadership in line with our agreement of common purpose. The Church charity was not able to make regular monthly contributions to the World Evangelisation Mission Fund (WEM) this year due to the disruption caused by the pandemic. However, this was provided for in our books. It is hoped that this would resume in the new year. Similarly, the church donated where we could to the appeal funds of fellow churches in line with our charitable status and desire to also give a helping hand to others even as we receive help ourselves. We also joined the RCCG churches in the UK to participate fully in Online National programmes and events such as the UK version of the Holy Ghost services called Festival of Life (FOL), Bible College weekend, Annual Sunday school Conference, Elders’ weekend, and many others.

Future Developments

The charity aims to work hard in the new year to recover from the impacts of the pandemic in all areas of her work strengthening and consolidating on improvements and innovations made in service delivery. We look to continue to extend its activities to all age groups within the immediate community in line with our vision of being a church for all nations and nationalities where everyone is welcome to fully enjoy the love of Christ howbeit within the guidelines concerning Covid - 19. As an organisation, we remain at the forefront of encouraging those especially of ethnic minority backgrounds to be vaccinated and follow guidance to keep themselves and others around them safe. It is our vision that we will fully develop the media resources at the permanent venue to be able to do more to serve our community better even as we pursue the possibility of serving through community-based projects such as food bank provision, advice centre subject to the availability of funds and volunteers

Public Benefit Statement

In determining how best to pursue the charity's objects the trustees have had regards to the Charity Commission's guidance on public benefit and are involved in Christian Outreach Programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus.

FINANCIAL REVIEW

Review of Financial Position

Please refer to the annexed accounts for the details of the financial statements for the year ended 31st December 2021.

The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (the free reserves) held by the church should be six months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the charitable company in the event of a significant drop in funding. Consequestly, the basis at which the chartity's going concern is reviewwed is considered appropriate and there are no material uncertainties.

6

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Report of the Trustees

for the year ended 31st December 2021

Liquidity

It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity at a level which equates to approximately four months unrestricted expenditure. This provides sufficient funds to cover management, administration, support costs and emergency expenditure that might arise from time to time. The unrestricted funds are maintained at this level as a result of significant reserves entrusted to the RCCG ‘Victorious Family Parish’.

Risk Management

The trustees actively review the major risks which the charitable company faces on a regular basis and ensure measures and policies are put in place to safeguard charity funds and assets. The trustees also ensure that legal advice is sought when necessary on crucial issues concerning the charity and ministry.

The Church liability insurance is reviewed on a regular basis.

The cash handling procedures set up a few years ago is felt to be adequate in collecting, recording and banking voluntary income.

Cheques are signed by at least two signatories at any one time.

Any potential hazards or issues which come to the attention of the leadership team of the RCCG Victorious Family Parish are dealt with immediately.

An up to date Child protection policy to safeguard all children who attend our meetings is in place.

Reserves Policy

The commission requires charities to determine and explain their policy for reserves. The trustees have reviewed its free reserves policy and have turned its entire free unrestricted fund into an emergency fund to enable the charitable company meet its obligation in event of a shortfall in income or sudden upturn in expenditure.

The charity has enough in its reserve to cover one year's operating expenditure. The charity is accumulating its reserve in order to provide for any future capital expenditure as the charity plans to fully refurbish its own place of worship in the future months ahead. The charity principal funding sources continues to be individuals who attend services and make contributions in form of freewill offerings, tithes and other donations. The charity also obtain funds through aggressive fund raising for the new project at hand.

Furthermore, the trustees meet quarterly to review the reserve level. If the value of the reserve falls below a level unacceptable to the trustees, the appropriate action will be taken immediately to rectify the situation.

MEMBERS' LIABILITY

The board of trustees of the charitable company guarantees to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up.

The board of trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the 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 other irregularities.

Approval

This report was approved by the Board of Trustees and signed on their behalf by:

Mr Oluwale Oguntoyinbo

Approved by the Trustees on

………………………….

7

REDEEMED CHRISTIAN CHURCH OF VICTORIOUS FAMILY PARISH

Independent Examiner's Report

For the year ended 31 December 2021

Independent examiners's report to the trustees of REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH.

I report on the accounts of the charity for the year ended 31 December 2021 which is set out on pages 9 to 16.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER

The charity's trustees who are also directors of the company are responsible for the preparation of the

accounts accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). The charity's

trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

BASIS OF EXAMINER'S STATEMENT

My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act. An examination includes a review 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 seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.

EXAMINER'S STATEMENT

In connection with my examination, I confirm that no material matters have come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:

· proper accounting records are kept (in accordance with section 41 of the Act); and

· accounts are prepared which agree with the accounting records and comply with the accounting requirements of Act; or

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Independent Examiner

Patricia Balogun (FCCA) Chrisdol Consulting Ltd Studio 21, Action House, 53, Sandgate Street, London SE15 1LE

Date:

8

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH Statement of Financial Activities for the year ended 31 December 2021

Notes
INCOME & ENDOWMENT FROM
Donations and legacies
3
Investment Income
Total Income
Expenditure
Cost of raising funds
Raising funds
Charitable activities
General funds
Total
NET INCOME / (EXPENDITURE)
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
£
174,533
11		 Restricted
Funds
£
4,750
-		 Total Funds
December
2021
£
179,283
11		 Total Funds
December
2020
£
137,755
31
174,544
21,870
101,096		 4,750
4,750
-		 179,294
26,620
101,096		 137,786
24,233
93,554
122,966
51,577
78,171		 4,750
-
11,070		 127,717
51,577
89,241		 117,787
19,999
69,242
129,748 11,070 140,818 89,241

CONTINUING OPERATIONS

All incoming resources and resources expended arise from continuing activities.

9

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Balance Sheet

as at 31 December 2021

Unrestricted
funds
Notes
£
FIXED ASSETS
Tangible assets
7
8,225
CURRENT ASSETS
Debtors
8
10,937
Cash at bank and in hand
9
156,462
167,399
CREDITORS
Amounts falling due within one year
10
(45,876)
Net current assets
121,523
TOTAL ASSESTS LESS CURRENT
LIABILITIES
129,747
NETS ASSETS
129,747
FUNDS
Unrestricted funds
11
Restricted funds		 Restricted
funds
-		 2021
Total
funds
£
8,225		 2020
Total
funds
£
6,053
13,304
93,857
11,070 10,937
167,532
11,070
-		 178,469
(45,876)		 107,161
(23,973)
11,070 132,593 83,188
11,070 140,818 89,241
11,070 140,818 89,241
129,748
11,070		 78,171
11,070
140,818 89,241

For the year ending 31 December 2021 the charitable company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for:

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Section 394 and 395 which otherwise comply with the requirements of the Companies Act 2006 relating to financial statement, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees

on ……………. and were signed on its behalf by:

.............................................

Mr Oluwale Oguntoyinbo -Trustee

10

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Statement of Cash Flows

for the year ended 31 December 2021

Notes
1
Cash flows from investing activites:
Interest from invetsments
Purchase of tangible fixed asets
Net Increase/(decrease) in cash in the year
Notes
1
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVTIES
NET Income per Statement of Financial activities
Adjustmenst for:
Depreciation Charges
Deduct Interest from invetsments
Increase (Decrease) in Creditors
Decrease (Increase) in Debtors
Net Cash provided by (use in) operating activties
Cash generated from operating activties:
Net Cash provided by (used in) operating activities
Cash in bank and in hand less overdrafts at the beginning of the year
Total Cash in bank and in hand less overdrafts at the end of the year		 2021
80,046
246
(6,617)
73,676
93,857
167,532
51,577
4,445
(246)
21,903
2,368
80,046		 2020
57,808
508
(659)
57,657
36,200
93,857
19,999
7,765
(508)
15,161
15,391
57,808

11

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Notes to the financial statements

for the year ended 31 December 2021

2. ACCOUNTING POLICIES

a) Basis of preparation

The financial statements have been prepared in accordance with 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 1 January 2015) - Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

b) Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No restatements were required.

c) Preparation of the accounts on a going concern basis

There are no material uncertainties related to events or conditions that may cast significant doubt about the Charity's ability to continue as a gong concern have been identified by the directors.

Income

All incoming resources are mostly in financial form which the charity is entitled to and can be quantified with reasonable accuracy. Collections are recognised when received by or on behalf of the church. Planned giving received under Gift Aid is recognised only

when received .

Income tax recoverable concerning donations received under Gift Aid or deeds of covenants is recognised at the time of the donation.

Fund accounting

General funding is unrestricted fund which is 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 purpose.

Restricted fund is fund which is to be used in accordance with specific restrictions imposed by donors which have been raised by the charity for particular purposes. The cost 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 charged financial statement.

Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that

settlement will be required and the amount of the obligation can be measured reliably

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trust programmes and actvities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

Taxation

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in teh cost of those items to which it relates.

f) Tangible fixed assets and depreciation.

Fixed assets are capitalised at cost. Depreciation is provided at rates to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:

Asset category annual rate
Land and Building 2% straight line
Premises 20% straight line
Plant and machinery 20% straight line
Motor vehicles 25% straight line
Office Equipment 20% straight line

g) Going concern basis of accounting

12

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Notes to the financial statements

for the year ended 31 December 2021

The ongoing global Covid-19 pandemic impact on the charity’s strategy for service deliver. The Trustees have considered the impact of this issue on the charity’s current and future financial position. The charity holds unrestricted, general reserves of £89,241. The Trustees consider that the charity has sufficient unrestricted reserves and cash flow to continue as a going concern for a period of at least 12 months from the date on which these financial statements are approved. The Trustees are closely monitoring the impact of the Covid-19 pandemic on the level of its funding available for future years following the crisis and have put in measures to to protect the charity.

Cash at bank and in hand

Cash at bank and cash 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 account.

Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Leasing and hire purchase commitments

There were no leases and Hire Purchases during the year under review.

Legal status of the Trust

The Trust is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Financial Performance of the charity
Operating profit
This is stated after charging:
Depreciation of owned fixed assets
Investment income
Deposit account interest received		 2021
2020
£
£
8,225
6,053
11
31

3. Investment income

  1. Comparative for the Statement Of Financial Activites

Income and Endowments from

Income and Endowments from
Donations and legacies
Investment income
Total
Expenditure on
Raising funds
Charitable activities
General funds
Total
Net Income / (Expenditure)
Reconciliation of Funds
Total funds brought forward
Total funds carried forward		 Unrestricited
Restricted
Total
Funds
Funds
Funds
£
£
£
137,755
-
137,755
31
-
31
137,786
-
137,786
24,233
-
24,233
93,554
-
93,554
117,787
-
117,787
19,999
-
19,999
58,172
11,070
69,242
78,171
11,070
89,241

5. Trustees remuneration and benefits

There were no trustees' remuneration or other benefits for the year ended 31 December 2021.

Trustees' Expenses

There were no trustees' expenses paid for the year 31 December 2021.

6. Staff costs

Wages and Salaries
The average number of employees
No employees earned between £60,000 during the year (2020: 2021)		 2021
2020
£
£
33,378
33,667
1
1

13

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Notes to the financial statements

for the year ended 31 December 2021

7. Tangible fixed assets

Premises
Fixtures &
Fittings
Computer
Equipment
Motor Vehicle
Plant &
machinery
Total
£
£
£
£
£
£
Cost
At 01 January 2021
118,600
7,437
1,776
5,875
53,524
187,212
Additions
-
-
594
-
6,023
6,617
At 31 December 2021
118,600
7,437
2,370
5,875
59,547
193,829
Depreciation
At 01 January 2021
118,600
7,437
1,249
5,875
47,998
181,159
Charge for the year
-
-
251
-
4,194
4,445
At 31 December 2021
118,600
7,437
1,500
5,875
52,192
185,604
Net book value
At 31 December 2021
-
-
870
-
7,355
8,225
At 31 December 2020
-
-
527
-
5,526
6,053
8. Debtors: amount falling due within one year
2021
2020
£
£
Loan to staff and sister parish
200
200
Debtor - other
1,750
2,250
Net Wages
703
2,905
Prepayments
-
-
Credit Card (Tithe and Offering)
8,283
7,949
10,937
13,304
9. Cash balance
Bank Current Account (NATWEST Current)
14,902
17,980
Bank Deposit Account (NATWEST Bonus Saver)
144,667
68,036
Cash in Hand
7,963
7,841
167,532
93,857
10. Creditors: amounts falling due within one year
Creditors
2,337
1,668
Accrued Expenses
43,539
22,306
Bank Loan
-
-
45,876
23,973		 Premises
Fixtures &
Fittings
Computer
Equipment
Motor Vehicle
Plant &
machinery
Total
£
£
£
£
£
£
118,600
7,437
1,776
5,875
53,524
187,212
-
-
594
-
6,023
6,617		 Premises
Fixtures &
Fittings
Computer
Equipment
Motor Vehicle
Plant &
machinery
Total
£
£
£
£
£
£
118,600
7,437
1,776
5,875
53,524
187,212
-
-
594
-
6,023
6,617
118,600
7,437
2,370
5,875
59,547
193,829
118,600
7,437
1,249
5,875
47,998
181,159
-
-
251
-
4,194
4,445
118,600
7,437
1,500
5,875
52,192
185,604
-
-
870
-		 7,355
8,225
-
-
527
-		 5,526
6,053
2021
2020
£
£
200
200
1,750
2,250
703
2,905
-
-
8,283
7,949
10,937
13,304
14,902
17,980
144,667
68,036
7,963
7,841
167,532
93,857
2,337
1,668
43,539
22,306
-
-
45,876
23,973

14

REDEEMED CHRISTIAN CHURCH OF GOD VICTORIOUS FAMILY PARISH

Notes to the financial statements

for the year ended 31 December 2021

11. Movement in funds

Unrestricted funds
Charitable
Restricted Funds
Charitable
Net movements in funds, included in the above are as follows:
Unrestricted funds
General Fund
Restricted funds
Restricted fund
Total funds
Comparative for movement in funds
12. Movement in funds
Unrestricted funds
Charitable
Restricted Funds
Charitable
Net movements in funds, included in the above are as follows:
Unrestricted funds
Charitable Fund
Restricted funds
Charitable fund
Total funds		 At
01/01/21
Net Movement
in Funds
At
31/12/21
£
£
£
78,171
51,577
129,748
11,070
-
11,070
89,241
51,577
140,818
Incoming
resources
Resources
expended
Movement in
funds
£
£
£
174,544
(122,966)
51,577
4,750
-
-
179,294
(122,966)
51,577
At
01/01/20
Net Movement
in Funds
At
31/12/20
£
£
£
58,172
19,999
78,171
11,070
-
11,070
69,242
19,999
89,241
Incoming
resources
Resources
expended
Movement in
funds
£
£
£
137,786
(117,787)
19,999
-
-
-
137,786
(117,787)
19,999

13. A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
Charitable
Restricted Funds
Charitable		 At
01/01/20
Net Movement
in Funds
At
31/12/21
£
£
£
58,172
71,576
129,748
11,070
-
11,070
69,242
71,576
140,818

Related party disclosures

There were no related party transactions for the year ended 31 December 2021.

14. Contingent liabilities

There was no contingent liabilities reported at balance sheet date nor was there an indication that there was any legal claim against the charity or its trustees.

15

REDEEMED CHRISTIAN CHURCH OF GOD (VICTORIOUS FAMILY PARISH) Detailed Statement of Financial Activities

For the year ended 31 December 2021

INCOMING RESOURCES
Voluntary income
Tithes & offerings
Thanksgiving
Gift aid claimed
HMRC JRS Grant
Sundry donations
Building fund
Investment Income
Deposit account interest
Total incoming resource
RESOURCES EXPENDED
Cost of generating voluntary income
World Evangelical Mission
Central office charges
Donation to FOL
Donations - Other RCCG Parishes
Charitable activities
Purchase of tapes and books
Honorarium
Children's service expenses
Conferences, conventions and retreat
Outreach
Welfare support
Hospitality
Audio visual expenses
Publicity
Legal and professional fees
Audit and accountancy fees
Professional Fees, Licences & Permits
Write Off - (Welfare support)		 December
2021
£
129,539
4,652
17,929
16,022
10,280
860
179,283
11
179,293
22,969
900
1,200
1,551
26,620
403
6,631
-
216
8,508
4,057
1,030
300
925
-
2,300
1,620
-
25,991		 December
2020
£
104,029
3,250
-
23,496
5,214
1,767
137,755
31
137,786
20,806
900
1,200
1,327
24,233
211
700
100
387
-
7,048
100
169
1,142
-
2,344
890
-
13,090

The notes do not form part of these financial statements

16

Detailed Statement of Financial Activities

For the year ended 31 December 2021

Support Costs
Management
Wages
Rent and rates
Utilities
Telephone
Printing, postage & stationery
Insurance
Transportation
Repairs & renewals & Equipment Hire
Premises Expenses
General expenses
Depreciation of fixtures and fittings
Depreciation of office equipment
Depreciation of church equipment
Depreciation of church premises
Finance
Bank charges
Loan interest
Total resources expended
Net income		 33,378
12,000
6,984
811
380
620
2,492
7,672
2,712
3,367
-
251
4,194
-
74,860
246
-
246
127,717
51,577		 33,667
15,000
4,131
440
756
9,301
2,228
3,249
1,444
1,976
-
132
4,694
2,939
79,956
508
-
508
117,787
19,999

The notes do not form part of these financial statements

17