OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY

Charity Reg. No: 1152473

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Page 1 of 14

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY Reports and Accounts for the period ended 31 December 2021

CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES 1152473

Page 2 of 14

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY Reports and Accounts

CONTENTS
Charity Information 3
Trustees annual report 4-5
Independent Examiners Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to Accounts 9-14

Page 3 of 14

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY Charity Information

General Overseer Pastor

E. A. Adeboye Trustees

Mr Bernard Chiedu Etuokwu Miss Amidatu Chantal Shola Mustafa Miss Uwomano Naomi Okupa

Minister In Charge

Pastor Mrs Florence Enughwure

Charity Registration No:

1152473

Registered Address

19 Collins Way Erith Kent DA8 2FN

Bankers

Barclays Bank Plc Leicester Branch Leicester Branch LE87 2BB

Accountants Toda Consult

19 York Road Northfleet Kent DA11 9PU

Page 1 of 14

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees submit their annual report and the financial statements of The Redeemed Christian Church of God-Jesus Family (the church) for the year ended 31 December 2021. The Trustees confirm that the annual report and financial statements of the church comply with current statutory requirements, the requirements of the church's governing documents and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

Structure, Governance and Management

a. CONSTITUTION

The church is constituted under a Trust deed dated 20 September 2012 and has a registered charity no 1152473

b. METHOD OF APPOINTMENT OR ELECTION OF DIRECTORS/TRUSTEES

The management of the church is the responsibility of the Trustees who are elected and coopted under the terms of the Trust deed.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

The induction process for a newly appointed member of the Trustees comprises an initial meeting with other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs. The day-to-day administration of the church is managed by the trustees.

e. RELATED PARTY RELATIONSHIPS

RCCG Jesus Family is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an Agreement for Common Purposes'.

f. RISK MANAGEMENT

The Trustees have assessed the major risks to which the church is exposed, in particular, those related to the operations and finances of the church and are satisfied that systems are in place to mitigate our exposure to the major risks.

Objectives and Activities

a. POLICIES AND OBJECTIVES

The objects of the Charity are:

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The church has adopted the following strategies for achieving the above objectives:

Page 2 of 14

C. ACTIVITIES FOR ACHIEVING OBJECTIVES

The Charity was involved in the following public benefit efforts:

d. GRANT MAKING POLICIES

Under the Common Purposes Agreement (see above), RCCG Jesus Family has agreed to make contributions to RCCG (UK). In addition, the church supports missionary organisations such as Festival of Life and World Evangelism Mission. The church also provides support to members of the congregation who are in need. This is done at the discretion of the trustees.

e. VOLUNTEERS

The church is grateful for the efforts of its volunteers who are involved in service provision, it is estimated that over 600 volunteer hours were provided during the year. If this is conservatively valued at £10.00 an hour, the volunteers' efforts amount to over £6,000.00

b. INVESTMENT POLICY AND PERFORMANCE

The Trustees have decided that at present, funds should be retained in Banks and Building Societies. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

FINANCIAL REVIEW

The charity's financial statement for the year ended 31 December 2021 shows a net increase in fund of £24,111 (2020: £5,710 increase).

The value of the charity's net assets as at 31 December 2021 was a surplus of £41,421 (2020: a surplus of £17,310)

a. RESERVES POLICY

Reserves Policy

The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.

b. PRINCIPAL FUNDING

This is provided mainly through voluntary giving of tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.

Page 3 of 14

REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS :

The Board of Trustees is chaired by Mr. Bernard Etuokwu, with Ms Amidatu Mustafa and Uwomano Naomi Okupa as trustee 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 we have 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.

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 sick while keeping social distance and maintaining government guidelines.

We have continued to maintain:

HM Belmarsh Prison Fellowship –

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

Page 4 of 14

prayers and support to the various projects run by the fellowship. We look to the New Year with more community causes to engage with.

Trustees' Responsibilities in Relation to the Financial Statements

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and regulations.

The Charities Act requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking any 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:

Signature: B. Etuokwu

Name: Mr. Bernard Etuokwu

Date:31/10/2022

Page 5 of 14

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY

I report on the accounts of the Trust for the period ended 31 December 2021, which are set out on pages 7 to 11.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER

As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to my attention.

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 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 the view given by the Accounts.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

  1. Which gives me reasonable cause to believe that any material respect the requirements:

  2. to keep accounting records in accordance with section 41 of the Act, and

  3. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act.

  4. Have not been met or

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

O G AGBOLA

31/10/2022 Oludare Agbola Toda Consult 19 York Road Northfleet Kent DA11 9PU

Page 6 of 14

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

2021 2020
Notes Unrestricted Restricted Total Total
£ £ £ £
Incoming Resources
Incoming resources from generated funds:
Voluntary income:donations 2 40,717 - 40,717 26,454
Activities in furtherance of the charity
objects - - - -
Total Incoming Resources 40,717 - 40,717 26,454
Resources Expended
Charitable activities 3 16,142 - 16,142 16,832
Governance costs: 4 464 - 464 3,912
Total Resources expended 16,606 - 16,606 20,744
Net Incoming/(Outgoing) Resources for the year 24,111 - 24,111 5,710
Total funds at 1 January 2021 17,310 - 17,310 11,600
Transfer between funds - - - -
Total funds at at 31 December 2021 6 41,421 - 41,421 17,310

All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.

Page 7 of 14

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY Balance sheet as at 31 December 2021

FIXED ASSETS
Notes
Tangible Fixed Assets
7
CURRENT ASSETS
Cash in Hand/ Bank
CREDITORS:
Amount falling due within a year
8
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
ACCUMULATED FUNDS
Restricted
9
Unrestricted
9.1
TOTAL FUNDS		 £

40,698		 2022
£
973
973
(250)

40,448
41,421

41,421
-

41,421

41,421		 2021
£
1,187
1,187

17,023
17,023
(900)
16,123
17,310
40,698

**17,310 **
-
17,310
17,310

Approved by the Trustees and Signed on their behalf:

Signature: B. Etuokwu

Name: Mr. Bernard Etuokwu

Date: 31/10/2022

Page 8 of 14

THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY Notes to the financial statements for the period ended 31 December 2021

ACCOUNTING POLICIES

1.1 Basis of preparation of accounts

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for smaller Entities (effective January 2007). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" published in March 2005 and applicable accounting standards.

1.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Church 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 accounts.

1.3 Incoming resources

These are recognised in full in the Statement of Financial Activities in the period in which they are received Included are income from tithes, offerings, gift aid and interest received during the year from investments and accounted for as restricted or unrestricted funds.

2. Voluntary Income: Donations
Tithes & Offerings
Gift Aid		 2021
£
32,904

7,813

40,717		 2020
£
26,454

26,454

3. CHARITABLE ACTIVITIES- (Direct charitable expenditure Unrestricted)

This comprises all expenditure directly related to the objects of the Charity. It also includes expenditures in support of that activity where material.

World Evangelical Mission
Central Office
RCCG- Area
Charity donations
Welfare expenses
Publicity
Community outreach
Visiting speakers expenses
Training and conferences
Music Expenses
Compassion UK
Travels for conferences
Insurance
Rent & Rates
Telephone & fax & internet
Religious Books
Covid Expenses
Admin expenses
JFYCD		 2021
£
4,758
900
410
1,600
717
1,000
-
2,400
-
450
336
1,961
254
1,020
144
130
-
62
-
16,142		 2020
£
5,297
700
885
-
600
909
1,913
300
270
320
327
-
266
3,825
-
-
350
800
70
16,832

Page 9 of 14

4. GOVERNANCE COSTS

4. GOVERNANCE COSTS
Legal & professional fees
Depreciation
Pastor's allowance
4.1 NET MOVEMENT IN FUNDS FOR THE YEAR
The net movement in funds for the year is stated
after charging
Depreciation of tangible fixed assets
Legal & Professional fees		 2021
£
250
214

-

464
2021
£
214

250
464		 2020
£
900
2,229

783

3,912
2020
£
2,229

900
3,129

5. DEPRECIATION

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Church & office equipment
6.FUNDS
At 1 January
Surplus/(Deficit) for the year
At 31 December
7.FIXED ASSETS

Cost
At 1 January 2021
Additions
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net Book Value
At 31 December 2021
At 31 December 2020		 18% reducing balance
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2022
2021
£
£
£
£
17,310
-
17,310
11,600
24,111
-
24,111
5,710
41,421
-
41,421
17,310
Furniture,
Fixtures & Motor
Office Equipmentinstruments Vehicle
Total
£
£
£
£
7,000
7,500
5200
19,700
-
-
-
-
7,000
7,500
5,200
19,700
6,429
6,884
5,200
18,513
103
111
-
214
6,532
6,995
5,200
18,727
468
505
-
973
571
616
-
1,187

8.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

:AMOUNTS FALLING DUE WITHIN ONE YEAR
Accruals
Other creditors		 2021
£
250

-

250		 2020
£
900

-

900

9. UNRESTRICTED FUNDS

These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.

9.1 RESTRICTED FUNDS

Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.