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2021-08-31-accounts

Charity Number 1153941 Company Number 08648281

THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM

TRUSTEES REPORT AND FINANCIAL STATEMENTS

For the year ended 31st August 2021

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM

Statement of financial activities (including Income and Expenditure Accounts) For the year ended 31[st] August 2021

CONTENTS 2
Legal and administrative information 3
Report of the trustees 4 – 5
Accountants Report 6
Statement of financial activities 7
Balance Sheet 8
For the year ended 31st August 2021
Notes forming part of the financial statements 9 – 13
The following pages do not form part of the statutory accounts
Details income and expenditure account 14

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM

LEGAL AND ADMINSTRATIVE INFORMATION

For the year ended 31[st] August 2021

Trustee 1 Richard Adekoya 2 Samson Fadimu 3 Eunice Olubukola Arowolo 4 Juliana Amao Management Committee 1 Pastor Joshua Ranti Arowolo (Minister in Charge) 2 Samson Fadimu 3 Richard Adekoya For the year ended 31 4 Eunice Olubukola Arowolo Charity Number 1153941 Company Number 8648281 Registered Office 126 Fordrough Northfield Birmingham United Kingdom B31 3LS Accountants DJ2 accounting LTD 14 Buttermere drive Worcester WR4 9HX Bankers Barclays Bank 35 Alvechurch Road West Heath Birmingham B66 3AN

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM

For the year ended 31st August 2021

The trustees present their annual report and financial statements of the Redeemed Christian Church of God – Covenant Restoration Assembly Selly Oak, Birmingham for the year ended 30[th] March 2020. The Trustees confirm that the annual report and financial statements of the Charity comply with the charities act 2011, and the companies Act 2006. the church governing document and the provisions of the statement of Recommended Practice (SORP) “Accounting and reporting by Charities issued in April 2005.

Method of appointment or election of trustees

The management of the charity is the responsibility of the trustees who are elected and co-opted under the terms of the trust

Constitution Policies

The objective of the charity is the advancement of the Christian faith worldwide in accordance with the doctrine set out in the statement of believe contained in the schedule 2. the trustees must use the income and may use the capital For the year ended 31st August 2021

Objectives of the charity, Principal Activities and Organisation of our work

The Redeemed Christian Church of God – Covenant Restoration Assembly Selly Oak, Birmingham is a community based charity Providing a suitable Christian principle for young people and their Families. The principal activities of the church are Christian worship, Christian outreach program to increase Christian awareness and spread the gospel of our Lord Jesus Christ and development of the whole man, spiritually, mentally and physically

Principal activities

The charity’s principal activity during the year continued to be the advancement of the Christian faith in the United Kingdom and Worldwide in accordance with the doctrine set out in the statement of believe of its trust deed and the relief of poverty to those at risk within the general public

Donation and Grant Making policies

Under the “Agreement For Common Purposes”, Covenant Restoration Assembly has agreed to make a regular proportional contribution to the World Evangelism Mission of the RCCG (UK), and contributions towards the running of the Mission’s Central Office. In addition, the church also support missionary organisations such as Festival of Life also of the RCCG UK, tiers of RCCG UK Administration including Area. Zonal and provincial Levels, and the Evangelical work of the Mission’s General Overseer in the UK as well as support to other Parishes in the congregation who are in need and the community at large

Related Party Relationship

Covenant Restoration Assembly is a member of The Redeemed Christian Church Of God (RCCG) which has parishes all over the world. The relationship is governed by an 'Agreement For Common Purpose' between the parishes and RCCG UK.

Risk management

The trustee have a duty to identify and review the risks to which the charity is exposed and appropriate controls are in place to provide reasonable assurance against fraud and error.

Organization structure and decision making

The organization of the Charity is controlled by the Trustees

Review of activities

During the year the Charity received a total of £22,642.14 from Church services. The financial results from the year are shown in the annexed accounts

Reserves policy

It is the policy of the Trustees to work towards holding the minimum reserves necessary to enable the charity to meet its commitments for a minimum period of three months

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM

For the year ended 31st August 2021

Trustees' Responsibilities

Charity Law applicable to charities in England/Wales 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 the period.

In preparing those financial statements the trustees have

 selected suitable accounting policies and applied them consistently.

 Made judgments and estimates that are reasonable and prudent.

 Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Trust will For the year ended 31st August 2021

The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the charities Act 2011.

They are also responsible for safeguarding the assets of the charity, hence taking reasonable steps for the detection and prevention of fraud and other irregularities.

The report was approved by the trustees on …........................................ and signed on its behalf by

Pastor Ranti Arowolo

Secretary

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM

ACCOUNTANTS REPORT TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GO COVENANT RESTORATION ASSEMBLY SELLY OAK, BIRMINGHAM

For the year ended 31st August 2021

We report on the accounts of The Redeemed Christian Church Of God – Covenant Restoration Assembly, Selly Oak, Birmingham for the year ended 31st August 2021, which is set out on pages 9 to 13

Respective responsibilities of Trustees and Accountants

The trustees are responsible for the preparation of the accounts

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

It is our responsibility to:

For the year ended 31st August 2021

 To follow the procedures laid down in the general directions given by the charity commission under section 145(5) (b) of the 2011 Act: and

Basis of independent examiner's report

Our examination was carried out in accordance with the general directions given by the charity commission. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect the requirements:

understanding of the accounts to be reached

DJ2 Accounting UK 14 Buttermere drive Worcester WR4 9HX

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM

STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31[st] August 2021

Note
INCOMING RESOURCES
Donations Legacies and similar incoming resources
2
RESOURCES EXPENDED
Charitable expenditure:
Support costs for Church Services and Activities
3
4
For the year ended 31st August 2021
5
TOTAL FUNDS AT 31ST August 2019
Cost of activities in furtherance of the charity’s
objects
Resources expended on Managing and administering
the charity
MOVEMENT IN TOTAL FUNDS FOR THE
YEAR – NET INCOME/(EXPENDITURE) FOR
THE YEAR		 2021
2021
2021
2020
0
30379
30379
22387
Restricted
Funds
Unrestricted
Funds
Total
Funds
Total
Funds
0
30379
30379
22387
0
14111
14111
13950
0
1284
1284
1390
0
15395
15395
15340
0
14984
14984
7047
0
14984
14984
7047

The statement of Financial activities includes all gains and losses recognized in the year The notes on pages 9 – 13 form part of these financial statements

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM BALANCE SHEET as at 31[st] August 2021

FIXED ASSETS
Note
Tangible fixed assets
8
CURRENT ASSETS
Cash at bank and in Hand
9
Debtors
9
Prepayment
9
Creditors – Amount Falling due within one year
10
For the year ended 31st August 2021
NET CURRENT ASSETS
NET ASSETS
12
CHARITY FUNDS
Restricted Funds
11
Unrestricted funds
11		 32640
0
7200
39840
0		 32640
0
7200
39840
0		 2021
2354
24368
0
0
24368
0
39840
42194
0
42874
42874		 2021
2354
24368
0
0
24368
0
39840
42194
0
42874
42874		 2020
2644
24368
27012
0
27918
27918

The financial statements were approved by the trustees on the and were signed on their behalf by:

…………………..

Trustee

Secretary

The notes on pages 9 – 13 form part of these financial statements

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS For the year ended 31[st] August 2021

1 ACCOUNTING POLICIES

The financial statements have been prepared under the historical cost convention, and in accordance with the financial Reporting Standard for Smaller entities (Effective April 2008)

The financial statements have been prepared in accordance with the statement of Recommended Practice (SORP 2005). “Accounting and Reporting by Charities ACT 2011”

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 charity and which have not been designated for other purpose

For the year ended 31st August 2021

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the charity for particular purpose. 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 financial statements.

All incoming resources are included in the statement of Financial Activities when the charity is Legally entitled to the income and amount can be quantified with reasonable accuracy.

Gifts in kind donated for distribution are included at the valuation and recognized as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the charity where this can be quantified and a third party is bearing the cost. No amounts are included in this financial statements for services donated by volunteers

Intangible income, which comprises donated services, is included in income valuation which is an estimate of the financial cost bourne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost bourne by a third party. Income tax recoverable in relation to donations received under gift aid or deeds of covenant is recognised at the time of the donation

1.4 Resources Expended

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on basis consistent with use of the resources.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charity activities. Support costs are those costs incurred directly in support of the expenditure on the objects of the charity and include project management carried out at headquarters. Management and administration cost are those incurred in connection with administration of charity and compliance with constitutional and Statutory requirements

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS For the year ended 31[st] August 2021

1.5 Cash flow

The financial statements do not include a cash flows statement because the charity as a small reporting entity is exempt from the requirement to prepare such statement under the Financial reporting Standard for smaller entities (effective April 2008)

1.6 Tangible fixed assets and depreciation

Tangible fixed assets are stated as cost less depreciation. Depreciation is provided at the rates calculated to write off the cost of fixed asset less their estimated residual value over their expected useful lives on the following basis

Motor Vehicle - 25% Straight Line Furnitures and Fixtures - 25% Straight Line - Church Equipment 25% Straight Line

2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES

Restricted
Unrestricted		 Total
Funds Funds Total Funds Funds
For the year ended 31st August 2021 2021 2021 2021 2020
Church services 0 30379 30379 22387
Grants 0 0 0 0
0 30379 30379 22387
3 SUPPORT COSTS FOR CHURCH SERVICES AND CHARITABLE ACTIVITIES SERVICES AND CHARITABLE ACTIVITIES SERVICES AND CHARITABLE ACTIVITIES
Restricted
Unrestricted		 Total
Funds Funds Total Funds Funds
2021 2021 2021 2020
RCCG World Evangelical Mission 0 1833 1833 1409
Festival of Life 0 425 425 525
Central Office Contribution 0 600 600 725
Honorarium 0 0 0 0
Property Rent 0 2400 2400 7680
Entertainment 0 97 97 0
Evangelism 0 0 0 0
Area Office Contribution 0 620 620 240
Pastor Allowance 0 380 380 416
Choir Running Expenses 0 0 0 0
Toiletries and First Aid 0 0 0 0
Retreat and Conferences 0 0 0 0
Travel and Subsistence 0 1585 1585 1501
Postages 0 0 0 0
Hotel & Accommodation 0 0 0 0
Welfare Expenses 0 4283 4283 1410
Purchases 0 1204 1204 905
Printing & Stationary 0 120 120 0
Advertisement/Promotional/ Website / Zoom 0 564 564 45
Total 0 14111 14111 14856

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS For the year ended 31[st] August 2021

4
Resources expended on managing and administering
Repairs
Audit & Accountancy Fees
Professional Fees
Bank Charges
Telephone & Fax
Depreciation – Motor
Depreciation – Office Equipment
Depreciation – Fixtures & Fittings
Depreciation – Furniture & Fixtures		 the charity
Total Funds Total Funds
2021
2021
2021
2020
£
£
£
£
0
0
0
0
0
350
350
1140
0
150
150
0
0
0
0
0
0
0
0
0
0
0
0
0
0
547
547
467
0
125
125
0
0
112
112
0
Restricted
Funds
Unrestricted
Funds
0
1284
1284
1607

ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE 5 TYPE

TYPE
Wages and salaries
Total Resources Expended

Support costs for church services and charitable
activities
Resources expended on managing and
administering the charity		 Total
Total
2021
2021
2020
£
£
£
0
0
0
14111
14111
14856
1284
1284
1607
Other
Costs
15395
15395
16463

6 NET INCOMING RESOURCES (RESOURCES EXPENDED)

NET INCOMING RESOURCES (RESOURCES EXPENDED)
Audit & Accountancy Fees
Professional Fees
This is stated after charging Depreciation of tangible
fixed assets owned by the charity		 Total
Total
2021
2020
£
£
350
1140
150
0
500
1140

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM NOTES TO THE FINANCIAL STATEMENT For the year ended 31[st] August 2021

During the year no trustee received any Remuneration (2021 - £Nil) During the year no trustee received any Benefit in kind (2021 - £Nil) During the year no trustee received any reimbursement of expenses (2021 - £Nil)

7 STAFF COSTS AND NUMBERS
Staff costs were as follows
Wages and salaries		 2021
2020
£
£
0
0

The average monthly number of employees during the year was as follows

Administrative

2021 2020
£ £
0 0

No employee received remuneration amounting to more than £50000 in either year

8 TANGIBLE FIXED ASSETS Motor
Vehicles		 Equipment Fixtures &
Fittings		 Total
£ £ £ £
Cost
At 1 September 2020 0 1694 950 2644
Addition in year 0 494 0 494
At 31 August 2021 0 2188 950 3138
0 0 0 0 0
Depreciation 0 0 0 0
At 1 September 2020 0 423 238 661
Addition in year 0 124 0 124
At 31 August 2021 0 547 238 785
0 0 0 0 0
Net Book Value 0 0 0 0
At 1 September 2020 0 1694 950 2644
At 31 August 2021 0 1641 713 2354
2021 2020
9 DEBTORS £ £
Due within one year
Cash in hand and at bank 32640 24368
Debtors 0 0
Prepayments 7200 0
39840 24368

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THE REDEEMED CHRISTIAN CHURCH OF GOD

COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM NOTED TO THE FINANCIAL STATEMENT For the year ended 31[st] August 2021

10 Creditors 2021 2020 2020
Amount falling due within one year £ £
Bank Loan and overdrafts 0 0
Accruals 0 0
Tax & National Insurance Contribution 0 0
0 0
11 Statement of Funds
Brought Incoming Resources Carried
Forward Resources Expended Forward
Unrestricted Funds £ £ £ £
General Funds 24368 30379 15395 39352
General Funds 1 0 0 0 0
Subtotal 24368 30379 15395 39352
RESTRICTED FUNDS
Restricted funds 0 0 0 0
24368 30379 15395 39352
SUMMARY OF FUNDS
£ £ £ £
General Funds 24368 30379 15395 39352
Restricted Funds 0 0 0 0
Total Funds 24368 30379 15395 39352
12 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Restricted Unrestricted Total Total
Funds Funds Funds Funds
2021 2021 2021 2020
£ £ £ £
Tangible Fixed Assets 0 2354 2354 2644
Debtors due after more than 1year 0 0 0 0
Current assets 0 39840 39840 24368
Creditors dues within one year 0 0 0 0
Total 0 42194 42194 27012

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THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, SELLY OAK, BIRMINGHAM

Income and Expenditure statement

For the year ended 31[st] August 2021

INCOME
Tithes
Offering
Thanksgiving
Other income
Gift Aid
LESS: EXPENDITURE
Wages & Salaries
For the year ended 31st August 2021
Property rent and rate
Printing & stationery
Hotel & Accommodation
Choir running expenses
Honorarium
RCCG World Evangelical Mission
Festival of Life
Central Office Contributions
Evangelism
Entertainment
Area Office Contribution
Pastor’s allowance
Retreat and conference
Welfare Expenses
Postages
Toiletries and first aid
Travel and Subsistence
Purchases
Computer Cost (Zoom)
Telephone & Fax
Advertisement
Professional Fees
Audit & Accountancy fees
Repairs
Bank charges
Depreciation – Motor Vehicles
Depreciation – Equipment
Depreciation – Fixture and fittings
Depreciation – Furniture and Fittings
TOTAL EXPENDITURE
NET INCOME FOR THE YEAR
Events – New year dinner & Funday)		 £
£
£
£
17374.08
14078.66
4656.06
4241.06
612
422.45
0
500
7936.88
3145.17
30579
22387.34
0
0
0
0
2400
7680
0
0
0
0
0
0
0
0
1833
1408.7
425
525
600
725
0
0
96.92
0
620
240
380.7
415.9
0
0
0
0
4283.59
1410.25
120
0
0
0
1585.05
1500.71
1203.73
888.64
442.07
0
0
57.56
122.35
44.74
150
0
350
1140
0
906.52
0
0
0
0
547.04
467
125
0
112.5
0
15397
17410.02
15182
4977.32
Fund 31
August 2021
Fund 31
August 2020		 £
£
£
£
17374.08
14078.66
4656.06
4241.06
612
422.45
0
500
7936.88
3145.17
30579
22387.34
0
0
0
0
2400
7680
0
0
0
0
0
0
0
0
1833
1408.7
425
525
600
725
0
0
96.92
0
620
240
380.7
415.9
0
0
0
0
4283.59
1410.25
120
0
0
0
1585.05
1500.71
1203.73
888.64
442.07
0
0
57.56
122.35
44.74
150
0
350
1140
0
906.52
0
0
0
0
547.04
467
125
0
112.5
0
15397
17410.02
15182
4977.32
Fund 31
August 2021
Fund 31
August 2020
4977.32

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