## **THE REDEEMED CHRISTIAN CHURCH OF GOD** **(JESUS FAMILY, THAMESMEAD) REPORTS & ACCOUNTS 2020 CHARITY No. 1152473** ## **THE REDEEMED CHRISTIAN CHURCH OF GOD (JESUS FAMILY)** ## **REPORTS & ACCOUNTS 2020** ## **INDEX** Page 3 Legal & Administrative Information Page 4 Trustees Report Page 7 Independent Examiner’s Report Page 9 Statement of Financial Activities Page 10 Balance Sheets Page 11 Notes to the Accounts 2 | P a g e Charity No. 1152473 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD (JESUS FAMILY)** ## **LEGAL & ADMINISTRATIVE INFORMATTION** ## **REPORTS & ACCOUNTS 2020** **ADDRESS** 19 Collins Way Erith Kent DA8 2FN ## **STATUS** The Church is a registered charity (1152473) ## **GOVERNING DOCUMENT** Declaration of trust dated 20[th] September 2012 ## **TRUSTEES** Miss Amidatu Chantal Shola Oyewola Mr Bernard Chiedu Etuokwu Miss Uwomano Naomi Okupa ## **BANKERS** Barclays Bank Plc Leicester Branch Leicester LE87 2BB ## **INDEPENDENT EXAMINER** Sheila Moran (ACMA, CGMA) 3 | P a g e Charity No. 1152473 ## **TRUSTEES REPORT OF ACTIVITIES FOR 2020** The Board of Trustees are pleased to present their report together with the financial statements for the year ended 31[st] December 2020. ## **CHARITABLE OBJECTIVES** : The principal objectives of the church has continued to be the advancement of the Christian Faith and education and the relief of those in need. ## **ORGANISATION** : The church is governed by a leadership team comprising the leaders of the church and its board of elders. We meet quarterly to review the activities of the church. ## **REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS** : The Board of Trustees is chaired by Mr. Ben Etuwoke, with PC Shola Chantal Oyewola and Uwomano Naomi Okupa as trustees’ members. RCCG Jesus Family continues to be governed by committed trustees who have provided advisory services to Jesus Family Thamesmead a parish of the Redeemed Christian Church of God, UK ## **The activities:** This year has been quite challenging in some ways for the church as it has had to adapt to cope with the reality of the COVID-19 pandemic. As a church we have developed our online platform, which to our surprise was well received, holding prayer meetings through Zoom. We livestreamed our Sunday services through Zoom and Facebook. We met daily online to conduct our early morning and evening prayers. Our prayer gathering online continues to grow from strength to strength. Our young people’s ministry has also been online and have seen some of our young people grow in strength and faith as leaders and attendees of the various events that Jesus Family has provided. 4 | P a g e Charity No. 1152473 We visited and supported families who struggled financially at the initial stages of the pandemic. We kept in contact with our members via telephone and social media and where necessary visited the sick while keeping social distance and maintaining government guidelines. We have continued to maintain: - ➢ Our continued partnership with Compassion UK, in sponsoring less privilege children all over the world. Jesus Family has continued to sponsor, several young Indian girls over the years into education, giving them opportunities, they would not otherwise have had, if not for our support, to become confident young women of tomorrow. - ➢ We continue to support our local community delivering food parcels for the elderly in the community and families mainly through Evergreen Care Bexley and our team of volunteers who followed government guidelines ensuring the safety of the others. With a team of volunteer, with our support they have been able to provide care and support to both the aged and families in our community. - ➢ HM Belmarsh Prison Fellowship – This is a local prayer prison fellowship we have engaged with and are fully committed to support in monthly prayers and giving financial support to the Angel Tree Project, which is an arm of the Prison Fellowship which helps family of those in prison to lighten the burden of Christmas for their children with Christmas presents which they would not normally have expected due to the incarceration of a parent. Currently, we have two-members who have passed through the Prison Fellowship training. With the training and vetting the volunteers will be rotated into attending the Prison Fellowship Sunday Service once the lockdown has been lifted and it is safe to meet in person. Although the pandemic has restricted our physical attendance in the prayer meetings, however, we have continued to support in prayers through the zoom platform and continue to contribute financially to this worthy cause. The Trustees will continue to explore ways to further raise the profile of Jesus Family within our community. Our involvement with the Prison Fellowship within our local community is one that we are extremely grateful for and are committed to do much more in increasing our evangelical outreach in prayers and support to the various projects run by the fellowship. We look to the New Year with more community causes to engage with 5 | P a g e Charity No. 1152473 ## **FINANCIAL REVIEW** : The income for the year ended 31[st] December 2020 closed at £26,454 a £12k fall from the previous year of £38,682. The fall in income was expected as the COVID-19 pandemic caused a fall in worship numbers due to the lockdown, however, even in those difficult times our worshippers continued to give tirelessly, and we applaud them for their continued commitment in building the church through worship & prayers in the uncertainty of the pandemic. As expected, our expenditure fell too from £34,980 to just under £20,700, achieving a saving from not paying rent due to the lockdown and closure of our worship centre. ## **RESERVES POLICY:** The church has not established a Reserves Policy. However, the Board of Trustees are confident that the church will continue to grow. ## **RISK MANAGEMENT:** The Board of Trustees have examined the major strategic, business, and operational risks which the church faces and confirm that systems have been established to monitor those risks so that the necessary steps can be taken to lessen the impact of such risks should they arise. ## **TRUSTEES RESPONSIBILITIES:** Under the Charities Act 2011, the trustees are required to prepare a statement of account for each accounting year which gives a true and fair view of the state of the affairs of the church, and they are required to: - Select suitable accounting policies and apply them consistently - Make judgments and estimates that are reasonable and prudent - State whether the applicable accounting standards have been followed - • Prepare the financial statements on a going concern basis 6 | P a g e Charity No. 1152473 They are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the church and to ensure that such accounts and records comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the church and to take reasonable steps to detect fraud or other irregularities and to provide reasonable assurance that: - The church is operating efficiently and effectively - Its assets are safeguarded against unauthorised use or disposition - Proper records are kept, and financial information used in the church or publication is reliable - The church complies with relevant laws and regulations This report was approved by the trustees and signed on their behalf on by Mr Ben Etuokwu ------------------------------------------------ Chairman of the Board of Trustee ## **Independent Examiner’s Report** To the Trustees of The Redeemed Christian Church of God (Jesus Family) I report on the account of The Redeemed Christian Church of God (Jesus Family) (Church) for the year ended 31 December 2019, set out on pages 5 to 9, which have been prepared based on the accounting policies on pages 7. 7 | P a g e Charity No. 1152473 ## Respective responsibilities of trustees and examiner. The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement of the Charities Act 2011. It is my responsibility to: - Examine the accounts under the 2011 Act. - Follow the procedures laid down in the General Directions given by the Charity Commissioners made under the 2011 Acts. - State whether matters have come to my attentions. ## Basis of independent examiner’s report. My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by church 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 the view given by the accounts. ## Independent examiner’s statement Based on my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect, accounting records have not been kept in accordance with the 2011 Act, or that the accounts presented do not accord with those records or comply with accounting requirement of the 2011 Act. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. ## **Sheila Moran:** __________________________ ## ACMA, CGMA 3 Bickley Road London E10 7AQ 8 | P a g e Charity No. 1152473 ## **Statement of Financial Activities for the year ended 31st December 2020** ||**General**
**Fund**|**Restricted**
**Fund**|**Total**
**2020**|**2019**| |---|---|---|---|---| |**Income Resources:**
**Notes**
Charitable Income
Gift & offering
**2**
Other Income
Bank interest
Other receipts
Total Incoming Resources
**Resources Expended:**
Expenditure in
furtherance of charitable
activities
Other church costs
**3**
Grants payable
**4**
Employment cost
**5**
**Total Resources**
**Expended**
Net Incoming / (Outgoing)
Resources
Transfers between funds
Net Movement in Funds
Funds Balance brought
forwards
at 1st Jan 2020
Funds Balance c/fwd
**at 31st Dec 2020**|**£**
26454
-
-|**£**

-
-|**£**
26454
-
-|**£**

38682
-
-| ||26454||26454|
38682| ||13862
6882
-|
|13862
6882
-|
30643

4337
0| ||20744|
0|
20744|
34980| ||5710
-|
-|5710
-|
3702
-| ||5710
11600|
0
|
5710
11600|
3702

7898| ||**£17310**||**£17310**|**£11600**| **Movement on reserves and all recognised gains and losses are shown above. The notes on pages 9 -15 form part of these Accounts.** 9 | P a g e Charity No. 1152473 ## **BALANCE SHEET AS AT 31ST DECEMBER 2020** ||||**Notes**| |---|---|---|---| |**Assets**|||| |**Fixed Assets**
**Office Equipment**
**Fixture & Instruments**
**Motor Vehicle**|||**6**| |**Total Fixed Assets**|||| |**Current Assets**
**Cash on hand**
**Stock**|||**10**
**7**| |**Total Current Assets**|||| |**Total Assets**|||| |**Amounts falling due within oneyear**|||| |**Current Liabilities**|||**9**| |**Creditors**|||| |**Total Current Liabilities**|||| |**Total Liabilities**|||| |**NET ASSETS**|||| |Shareholders’ Funds ( Equity)|||| |**Owners Funds**|||| |**Unrestricted**
**funds**
**Restricted funds**|||**11**| |**Total Funds**
**(Equity)**|||| ## **Approved & signed on behalf of the Trustees: Mr Bernard Etuokwu** ## **----------------------------------------------** ## **Chairman of the Board of Trustees** 10 | P a g e Charity No. 1152473 ## **Notes to the accounts for the year ended 31st December 2020** ## **Note: 1 Accounting policies** a) The accounts have been prepared in accordance with the applicable accounting standards and follow the recommendations in the Statement of Recommended Practice Accounting by Charities 2000 b) Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when received. c) Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets certain criteria is identified to the relevant funds. d) Unrestricted funds are donations and other income received or generated for the objects of funds the church without further specified purpose and are available as general funds |**Note: 2**
**Donations**
Donations|General
Funds
2020
**£**
26,454
**26,454**|Restricted
Funds 2020
**£**
-
**0**|Total
Funds
2020
**£**
26,454
**26,454**|| |---|---|---|---|---| |||||**Total**
**Funds**
**2019**| |||||**£**| |||||| |||||| |||||38682| |||||| |||||**38,682**| ## **Note: 2 Ministry** |Conference expenses|0
**0**|446| |---|---|---| |||**446**| 11 | P a g e Charity No. 1152473 |**Note: 3**
**General & Administrative**
**Expenses:**
Administrative expenses
Printing & Stationery
Bank charges
Books & Tapes
COVID-19
Hire of hall & offices
JFYCD
Honorarium
Music Department
Vehicle running costs
Insurance
Telephone & fax
Training/conference
Welfare
**Note: 4**
**Central & Zonal Office Expenses**
RCCG Central office
F.O. L
O.M.C expenses
RCCG - Area
Compassion UK
W.E.M
W.E.M - PT
**Note: 5**
**Operating Expenses**
Advertising
Community outreach
Compassion UK
Depreciation
Honorarium
Pastors’ expenses
Professional fees
Welfare expenses|800
-
-
-
350
-
70
300
320
-
-
-
270
-
**2,110**
700
0
0
885
0
2,737
2,560
**6882**
909
1913
327
2229
0
783
900
600
**7661**|800
-
-
-
350
-
70
300
320
-
-
-
270
-
**2,110**
700
0
0
885
0
2,737
2,560
**6882**
909
1,913
327
2,229
0
783
900
600
**7661**||| |---|---|---|---|---| |||||390| |||||100| |||||20| |||||188| |||||-| |||||15,055| |||||-| |||||-| |||||5,264| |||||1,712| |||||1,293| |||||198| |||||0| |||||1,385| |||||**25,604**| |||||| |||||836| |||||-| |||||-| |||||340| |||||300| |||||2,861| |||||-| |||||**4,337**| |||||| |||||625| |||||1,740| |||||| |||||2,228| |||||| |||||| |||||| |||||| |||||**4,593**| 12 | P a g e Charity No. 1152473 |**Note: 6**
**Occupancy Costs**
Business Insurance
Rent
Telephone & fax|266
3,825
**4,091**|266
3,825| |---|---|---| |||**4,091**| ## **Note: 7 Fixed Assets** |**Cost**
Balance 1st Jan 2020
Additions in year
Disposal
As at 31st Dec 2020
Accumulated depreciation
Balance 1 Jan 2020
Charge in year
Disposals in the year:
As at 31st December 2020
**Net book value as**
**31st Dec 2020**|**Office**
**Equipment**
**£**
7,000
-
-
7,000
5,855
574
6,429
**571**|**Fixture &**
**Instruments**
**£**
7,500
-
-
7,500
6,270
614
6,884
**616**|**Motor**
**Vehicle**
**£**
5,200
-
-| |---|---|---|---| ||||5,200| ||||4,160
1,040| ||||5,200| ||||**0**| 13 | P a g e Charity No. 1152473 ## **Note: 8 Debtors & Creditors** |**Note: 9**|Debtors:
Prepayment & accrued income
Creditors
Loans
Accruals
**Creditor due within one year**
Accrued expenses:
Social security
**Cash at bank**
Barclays - Community account
Barclays - Business Saver account
Barclays - RCCG Jesus Family|-
-
900
900
-
-
0
14,955
-
2,068
**17,023**| |---|---|---| 14 | P a g e Charity No. 1152473 ## **Note: 10 Movement in Funds** |**Movement in Funds**|||||| |---|---|---|---|---|---| |General Fund b/fwd
Restricted Fund
Building Fund
Unrestricted Funds
Current year
General Fund C/F as
31s Dec 2019
**General Fund C/F**
**as 31s Dec 2020**|**1-Jan-**
**20**
**£**
11600
11600|**Incoming**
**Resource**
**s**
**£**
26454
26454|**Resource**
**s**
**Expende**
**d**
**£**
20744
20744|**31-Dec-**
**20**
**£**
11600
5710
**17310**|**31-Dec-19**| ||||||**£**| ||||||| ||||||| ||||||| ||||||| ||||||| ||||||11,600| ||||||| ||||||11,600| 15 | P a g e Charity No. 1152473 Charity No. 1152473