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2020-12-31-accounts

Trustees' Annual Report for the period

Period start date Period start date Period start date Period end date Period end date
**From ** 01 01 2020 To 31 12 2020

Section A Reference and administration details

Charity name[THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING FAITH SOUTH ] SHIELD

Other names charity is known by

RCCG LIVING FAITH SOUTH SHIELDS

Registered charity number (if any) 1152945

Charity's principal address Bethel Place, 3 Robinson Street South Shields Postcode NE33 4PR

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
Trustee name Office (if any) Dates acted if not for whole
year
Name of person (or body) entitled
to appoint trustee(if any)
Adetola Odumade
Ikechukwu
Madumere
Chair of Trustees
Oluwatoyin Akin
Names of the trustees for the charity, if any, (for example, any custodian trustees) Names of the trustees for the charity, if any, (for example, any custodian trustees)
Name Dates acted if not for whole year

Names and addresses of advisers (Optional information)

Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information) Names and addresses of advisers (Optional information)
Type of adviser
Name
Address
Spiritual Pastor Agu Irukwu RCCG Jesus House London
Finance Tunji Ogedengbe DTT Consultancy Limited

Name of chief executive or names of senior staff members (Optional information)

Section B Structure, governance and management

Description of the charity’s trusts

Type of governing document

Constitution

How the charity is constituted

Organisation

Trustee selection methods Appointed by a resolution of the trustees passed by a majority of the (eg. appointed by, elected by) trustees

Additional governance issues (Optional information)

You may choose to include additional information, where relevant, about:

All Trustees are members of the Organisation

Section C Objectives and activities

Summary of the objects of the charity set out in its governing document

The objects of the trust are to advance the Christian faith in South Tyneside and such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the trust and to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the united Kingdom or the world as the

trustees may from time to time think fit.

DONATION OF CHURCH BUILDING AND ASSET:

Early this year the Trustees of former New Hope Church South Shields donation their church building and assets to RCCG LIVING FAITH South Shields. We thank the Charity Commission for all their support.

NORTH EAST PRAY INTERDINOMINATIONAL PRAYER CONFERENCE. The event was aimed at praying for the economic advancement of the entire North East Region. Amongst the dignitaries were former Mayors of South Tyneside Cllr Fay Cunningham and Cllr Olive Punchion

Summary of the main activities undertaken for the public benefit in relation to these objects (include within this section the statutory declaration that trustees have had regard to the guidance issued by the Charity Commission on public benefit)

Additional details of objectives and activities (Optional information)

Volunteers often make financial and other committed contributions to the Organisation through offering, Tithes and serving in various positions.

You may choose to include further statements, where relevant, about:

Section D Achievements and performance

Summary of the main achievements of the charity during the year

We have developed good relationships with other organisation and people of South Tyneside. We have also built a good reputation for the church, and this changed the way people see church.

*Conferences: As above, these events address a whole range of public needs

*Training and Staff welfare: People/volunteers who aspire to develop professionally and vocationally have opportunity

Building Planning:* It has always been one of our priorities to own our own facility ( although this has not been fully achieved** ), but we are believing God to give us the grace to buy our present place of worship.

*Church Website/ Facebook Page - Our website (though very basic), and facebook page enables us to convey our vision, who we are and what we do.

Section E Financial review

Brief statement of the

Reserves are carried over into the next financial year and extra gifts may well be given to assist charitable causes.

charity’s policy on reserves

Details of any funds materially in deficit

Further financial review details (Optional information)

You may choose to include additional information, where relevant about:

Fund raising for a building/facility of our own continues to be a focus of ours, This will continue until we actualise this dram.

Section F Other optional information

Section G Declaration

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Oluwatoyin Akin

Full name(s) Oluwatoyin Akin

Position (eg Secretary, Chair, Trustee etc)

Date 10-09-2021

Charity no. 1152945

Redeemed Christian Church Living Faith South Shields

Annual Accounts

1 January 2019 to 31 Dec 2020

Prepared by DTT Consultancy Ltd

Charity no.
1152945
Redeemed Christian Church Living Faith South Shields Redeemed Christian Church Living Faith South Shields Redeemed Christian Church Living Faith South Shields Redeemed Christian Church Living Faith South Shields Redeemed Christian Church Living Faith South Shields Redeemed Christian Church Living Faith South Shields
Annualaccountsforthe period
Period start date 01/01/2020 To Period end
date
31/12/2020
Section A Statement of financial activities
Recommended
categories by activity
Details of own
analysis
Note
Incoming resources (Note 3)
Incoming resources from
generated funds
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
Incoming resources from
charitable activities
S04
Other incoming resources
S05
S06
Resources expended (Notes 4-8)
Costs of Generating Funds
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
Charitable activities
S10
Governance costs
S11
Other resources expended
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
Total funds carried forward
Total funds brought forward
Net movement in funds
Net incoming/(outgoing) resources before
transfers
Prior Year Adjustment
Gains and losses on revaluation of fixed assets
for the charity’s own use
Other recognised gains/(losses)
Net incoming/(outgoing) resources before
other recognised gains/(losses)
Gross transfers between funds
Total resources expended
Total incoming resources
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
- - - - -
42,062 - - 42,062 30,076
- - - - -
- - - - -
- - - - -
- - - - -
42,062 - - 42,062 30,076
- - - - -
35,945 - - 35,945 27,967
- - - - -
- - - - -
1,183 - - 1,183 1,633
- - - - -
- - -
37,128 - - 37,128 29,600
4,934 - - 4,934 476
- - - - -
4,934 - - 4,934 476
- - - - -
- - - - -
4,934 - - 4,934 476
2,969 - - 2,969 2,493
7,903 - - 7,903 2,969

Section B Balance sheet @ 31st December 2020

Fixed assets
Tangible assets (Note 9)
Investments (Note 10)
Total fixed assets
Current assets
Stock and work in progress
Debtors (Note 11)
(Short term) investments
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year (Note 12)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year (Note 13)
Provisions for liabilities and charges
Net assets
Funds of the Charity
Unrestricted funds
Restricted income funds (Note 14)
Endowment funds(Note 15)
Total funds
Signed by
Note
B01
B02
B03
B04
B05
B06
B07
B08
B09

B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
3,388 - - 3,388 2,888
- - -
4,815 - - 4,815 381
8,203 - - 8,203 3,269
300 - - 300 300
300 - - 300 300
7,903 - - 7,903 2,969
- - - - -
- - - - -
7,903 - - 7,903 2,969
7,903 7,903 2,969
-
- -
- -
7,903 - - 7,903 2,969
Date of
approval
Print Name
Signature
Oluwatoyin Akin 10/09/2021

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

[ except for the following]. _Give details in this box if a different standard has been followed.**_

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year .

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when:
resources  the charity becomes entitled to the resources;
 the trustees are virtually certain they will receive the resources; and
 the monetary value can be measured with sufficient reliability.
Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional
entitlement to the resources.
Tax reclaims on Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
donations and gifts which they relate.
Contractual income and This is only included in the SoFA once the related goods or services have been delivered.
performance related
Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
distributed by the charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources when
receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and
material_._The value placed on these resources is the estimated value to the charity of the
service or facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.
Investment income This is included in the accounts when receivable.
Investment gains and This includes any gain or loss on the sale of investments and any gain or loss resulting from
losses revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to pay out resources.
Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee
meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance
Where the charity gives a grant with conditions for its payment being a specific level of service
conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of the
grant has provided the specified service or output.
Grants payable without These are only recognised in the accounts when a commitment has been made and there are
performance conditions no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least £500. They
use by charity are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in These are valued at the lower of cost or market value.

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Investment income
Incoming resources from
charitable activities
Voluntary income
Activities for generating funds
Analysis This year
Last year
£
£
This year
Last year
£
£
Income 42,062 30,076
- -
Total 42,062 56,395
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total - -

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Costs of generating voluntary income
Governance costs
Charitable activities
This year
Last year
£
£
Analysis
This year
Last year
£
£
Analysis
This year
Last year
£
£
Analysis
SalaryRelated Cost 14,055 6,737
Printing and Stationary 290 123
Telephone 559 625
Other 244 35
Honorarium 850 -
Office exp 148 138
Conferences 410 476
Travel 213 1,054
Rent & Rates 380 1,064
AccountancyFees 250 250
Training 854 250
Insurance 1,186 2,240
Utility 4,752 4,288
HMRC 5,000 315
Bank and Finance charges 168 161
Hospitatlity - 483
Biffa Waste 586 520
Vehicle expenses 399 1,270
Council tax 281 647
Building 1,331 6,621
Publicity - 233
Church equipment 1,936 403
Pension 2,053 -
Children - 35
Total 35,945 27,967
Donation - 243
Welfare 50 250
CentalOffice 363 300
WEM 770 650
HGZ Zonal contribution - 190
Total 1,183 1,633
Total - -

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

support costs.
Support cost type Fundraising activity
£
Charitable Activity
£
Governance Activity
£
Total Cost
£
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Total - - - -

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses Nature of the expenses Total amount paid

This year Last year
£ £

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor
Independent examiner’s or auditors' fees for reporting on the
accounts
This year
£
Last year
£
300 300

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors
Trade debtors
Amounts due from subsidiary and associated
undertakings
Other debtors
Prepayments and accrued income
Total
Amounts falling due
within oneyear
Amounts falling due
within oneyear
Amounts falling due after
more than oneyear
Amounts falling due after
more than oneyear
This year
£
Last year
£
This year
£
Last year
£
3,388 2,778 - -
- - - -
- -
- - - -
3,388 2,778 - -

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

12.1 Analysis of creditors
Loans and overdrafts
Trade creditors
Amounts due to subsidiary and associated
undertakings
Other creditors
Accruals and deferred income
Total
Amounts falling due
within oneyear
Amounts falling due after
more than oneyear
This year
£
Last year
£
This year
£
Last year
£
- - -
- - -
- - - -
300 300
- - -
300 300 - -

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of Redeemed Christian Church of God – Living Faith South Shield

On accounts for the year 31[st] December 2020 Charity no 1152945 ended (if any) Set out on pages

(remember to include the page numbers of additional sheets)

Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity’s trustees consider that an audit is not required for this year trustees and examiner under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

Signed:
Name:
Relevant professional
qualification(s) or body
Tunji Ogedengbe

1

IER

(if any):
Address:
36 Daffodil Close, Hatfield, Hertfordshire, AL10 9FF

Section B Disclosure

Only complete if the examiner needs to highlight material problems.

2

IER

Give here brief details of any items that the examiner wishes to disclose .

3

IER