**Charity number: 1154692** 

## **REDEEMED CHRISTIAN CHURCH OF GOD - (RCCG) JESUS PEOPLE PARISH NORTH WOOLWICH** 

**TRUSTEES' REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** 



## **CONTENTS** 

**Reference and administrative details of the charity, its trustees, and advisers** 

**Trustees' report** 

**Statement of financial activities** 

**Balance sheet** 

**Notes to the financial statements** 

The following pages do not form part of the statutory financial statements: 



## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES, AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020** 

**Trustees** 

Nelson Olusegun Okesola Olanrewaju Olukayode Tajudeen Salami Florence Taiwo Jawo Adenike Mojirade Oyinade Akinlotan 

**Charity registered number** 

**1154692** 

**Principal office** 

## **100  River View, Grays, Essex RM16 4BA** 

**Pastor In Charge** 

**Yomi Awosola** 



## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020** 

**The Trustees present their annual report together with the financial statements of Redeemed Christian Church of God - (RCCG) Jesus People Parish (the charity) for the year ended 31 December 2020. The Trustees confirm that the Annual report and financial statements of the charity comply with the current statutory requirements, of the charity's governing document 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 principal objective of the charity is to provide spiritual development and Christ-like worship for its members and to build a strong Christian faith.** 

## **b. 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 deed.** 

**Objectives and Activities** 

## **a. THE CHARITY’S MAIN ACTIVITIES** 

**The charity is a Redeemed Christian Church of God that provides a place of worship for its members. One of its main objectives is the provision of spiritual development and Christ-like worship for its members and builds a strong Christian faith. We aim to advance the Christian faith by following God’s injunction in Ephesians 4:13, building every church member. By providing Christian worship and teachings every Sunday, Monday, and Friday as well as evangelism/outreach work in the local community.** 

## **b. POLICIES AND OBJECTIVES** 

**The Church Objectives are coined out of the Mission Statement as** 

**stated in Ephesians 4:13** 

**In setting out the summary of objectives and activities of the charity, the trustees have given due regard to the Charity Commission’s general guidance on public benefit when** 



## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020** 

**exercising their duties to which the guidance is relevant. To build a strong Christian faith for its members through:** 

- **Sharing in truth and faith, the gifts which God has given us.** 

- **Developing people to spiritual maturity through bible studies, house fellowships, seminars, and retreats** 

- **Equipping every believer for a significant ministry by helping them discover the** 

- **gifts and talents God gave them.** 

• **A place where the hurting, the depressed, the frustrated, and the confused can find love, acceptance, help, hope, forgiveness, guidance, and encouragement.** 

• **Sharing the good news of Jesus Christ with the hundreds of thousands of residents in North Woolwich, Silver town, Custom House, and wherever the Lord will direct us to.** 

- **I believe these dreams will become a reality because they are based on God’s given word Ephesians 4:11-16** 

- **Finally, are you preparing for the coming of the Lord Jesus Christ? Be prepared!** 

- **He will come back when nobody expects.** 

## **c. ACTIVITIES FOR ACHIEVING OBJECTIVES** 

- **We provide counseling for our Church members.** 

- **We meet on Sunday for fellowship in songs, reading, and teaching of the Bible doctrines.** 

- **We meet on Friday for deep research of God’s instruction through discussion and teaching of Bible doctrines. Also, Prayer meeting** 

- **On Monday we have house fellowship meetings at 5 different centres.** 

- **We also have various outreach programmes for the community in the year.** 

Weekly Church Activities: 

Wednesday – Choir Practice 



## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2020** 

Friday – Bible Study (Digging Deep)/Faith Clinic 

Sunday – Sunday School and Worship Service 

Last Sunday of every month – Shiloh Sunday 

Last Saturday of every month – Restoration Hour 

**The year has been a very challenging year, with the church closed for most of the year due to Covid. We are grateful to God for His guidance, mercies, help, and grace through the challenging period. And we are grateful to God who is always faithful in building his Church and not allowing the gates of hell to prevail.** 

**We look up to Him for the coming years knowing that He will never fail.** 

## **Achievements and performance** 

- **REVIEW OF ACTIVITIES** 

**The Church operates from North Woolwich and has done so until lockdown and the number of attendants remains the same. The children, youth, and teenage members were 90 and adult members were 75 during the year. During the period of lockdown, the church was able to overcome all obstacles to continue Sunday fellowship, weekly meetings online, and engaging the youths.** 

**Safeguarding which was introduced to the church in 2016, with new policies and procedures continues with measures for keeping children and vulnerable adults safe within the church and online.** 



. REI SCI RVES POLICY
RCCG Jesus Parish North Woolwich is a small ehureli Iwith an #vera2e income of
£78,220. Due to the receipt of past tithes held by our parent pai'ish, it lia5 I'eserves of
£28,313. The chui'ch has always rented for both Sunday service and midweek meetings
and it is the wish of our congregation to have a building of oui. own to felloivship
togetller.
The trustees discussed the following factors In arriving at their reserves poliey:
Money sh(buld only be kept in reserve for specific reasons- whilst the Bible
clearly indicates that we should not hoard At is also clear that sensible planiiing
for kntbwn events aiid responsibility for others is important.
The church has no immediate use for the £28,313 in reserves
It Ivould be sensible to keep the funds and any future funding in reserve for the
deposit of a new building for the church.
The church has llot put ally money into reserves in reserves in recent years.
Policy: RCCG Jesus People Parish North Wooliwich aims to keep approximately
£50,000 in reserve5. This will be to eover the deposit and all legal costs for the purchase
of a neTrv buildiJTrg. To achieve this, we Ivill aim to put £2k per yeay into reserves fro
income until that level is achieved.
In all, we thank God for using His Church to accomplish His will ID the parish.
This report was approved by the Trustees and signed on their behalf by..
Yomi Aivosola
Minister in Charge

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** 

## **1. ACCOUNTING POLICIES** 

## **1.1 Basis of preparation of financial statements** 

The financial statements have been prepared under the historical cost convention, with the exception of investments that are included at market value, 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), 'Accounting and Reporting by Charities' published in March 2005, and applicable accounting standards. 

## **1.2 Going concern** 

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. 

## **1.3 Fund accounting** 

General funds are unrestricted funds that 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 purposes. 

## **1.4 Incoming resources** 

All incoming resources are included in the Statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. 

Income tax recoverable in relation to donations received under Gift Aid or deeds of a covenant is recognised at the time of the donation. 

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. 



## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (Continued)** 

## **1.5 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 activities they have been allocated on a basis consistent with the use of the resources. 

Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements. 

## **1.6 Tangible fixed assets and depreciation** 

The policy concerning impairment reviews of fixed assets is ... 

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

Motor vehicles - 25% reducing balance Fixtures & fittings - 25% reducing balance Office equipment - 25% reducing balance 

## **1.7 Equipment** 

|**.7 Equipment**||
|---|---|
|Cost as 31/12/2019<br>Additions<br>Accum Depr<br>**C/F NBV as at 31/12/2020**|Gen Eqpt<br>Music<br>Eqpt<br>Total<br>2,529.00<br>6,534.41<br>9,063.41<br>0.00<br>0.00<br>0.00<br>-1,131.86<br>-2,588.95<br>-3,720.81|
||**1,397.14**<br>**3,945.46**<br>**5,342.60**|





RCCG Jesus People Paffish
Balance Sheet
Consolidated - DeGember 2020
Current Year Prewous Year
ASSETS
BANK ACCOUNTS
CHECKING ACCOUNTS
BARCLAYS BANK
DEPOSIT ACCOUNT
38,474.51
28.313.86
9.383.10
0.00
Subtotsl Checking Accounts
86.788.37
9.383.10
Subtotal Bank Accounls
66.788.37
9,383.10
FIXED ASSETS
EQUIPMENT
General Équiprnont
MUSIC
Accum. Depr. - Equipmenl
4,527.45
10,355.80
-9,540.57
4,527.45
10,355.80
-5,819.76
SJbiolal Fixed Assets
5,342.68
5.063.49
TOTAL ASSETS
72.131.05
18.448.59
NET ASSETS
UNRESTRICTED
Unr¢sfficled Nel Assels
72,131.05
18,446.59
TOTAL EQUITY
72,131.05
18,446.59
TOTAL LIABILITIES AND EQUITY
72.131.05
18,446.59
Th¢ tinunLial statcmcnts M'er¢ approv¢d b>. the Trnst¢¢s on ?8 Sepietllber 2021 alld signed
thrir bchBlf by..
AdcAI
Jlrade O)lThade Aklnlotan
OIAnrewXl￿ OlukAvodt T*Judr¢n S#laml

_RCCG Jesus People Parish_ **Trial Balance January 2020 - December 2020** 

|Account|Account Name|Type|Beg. Balance|Period Actual|Curr. Balance|
|---|---|---|---|---|---|
|01|GENERAL FUNDS|||||
|01-1110|BARCLAYS BANK|DB|9,383.10|29,091.41|38,474.51|
|01-1120|DEPOSIT ACCOUNT|DB|0.00|28,313.86|28,313.86|
|01-1800-001|General Equipment|DB|4,527.45|0.00|4,527.45|
|01-1810|MUSIC|DB|10,355.80|0.00|10,355.80|
|01-1899|Accum. Depr. - Equipment|DB|-5,819.76|-3,720.81|-9,540.57|
|01-3110|Unrestricted Net Assets|CR|18,446.59|0.00|18,446.59|
|01-4510|Banking Interest|CR|0.00|13.86|13.86|
|01-4620-001|Sunday Offering|CR|0.00|5,882.42|5,882.42|
|01-4620-002|Midweek Offering|CR|0.00|703.44|703.44|
|01-4620-003|Thanksgiving Offering|CR|0.00|2,189.40|2,189.40|
|01-4620-004|Tithes|CR|0.00|51,148.08|51,148.08|
|01-4620-005|Welfare Offering|CR|0.00|362.00|362.00|
|01-4620-006|Other Income|CR|0.00|31,978.60|31,978.60|
|01-5195-001|Instrumentalists|DB|0.00|2,800.00|2,800.00|
|01-5490|Professional Services|DB|0.00|300.00|300.00|
|01-5525|Cell Phones|DB|0.00|1,270.39|1,270.39|
|01-5572|Computer Hardware|DB|0.00|153.12|153.12|
|01-5620-001|Rent Category 1|DB|0.00|4,690.00|4,690.00|
|01-5620-002|Rent Category 2|DB|0.00|737.50|737.50|
|01-5655|Gas|DB|0.00|74.00|74.00|
|01-5895|Maintenance Equip Deprec.|DB|0.00|3,720.81|3,720.81|
|01-6015|Mission A|DB|0.00|3,916.94|3,916.94|
|01-6020|Mission B|DB|0.00|11,644.45|11,644.45|
|01-6100|Benevolence|DB|0.00|7,846.14|7,846.14|
|01-6215|Adult Sunday School|DB|0.00|250.00|250.00|
|01-6320|Special Events|DB|0.00|120.00|120.00|
|01-6480|Church Supplies|DB|0.00|69.99|69.99|
|01-6600|Miscellaneous Expense|DB|0.00|1,000.00|1,000.00|
||||**0.00**|**0.00**|**0.00**|





## _RCCG Jesus People Parish_ **Income and Expense Statement** 

Consolidated  -  January 2020 - December 2020 

## Current Period Year to Date 

|INCOME|||
|---|---|---|
|INTEREST INCOME|||
|Banking Interest|13.86|13.86|
|TITHES & OFFERING|||
|Sunday Offering|5,882.42|5,882.42|
|Midweek Offering|703.44|703.44|
|Thanksgiving Offering|2,189.40|2,189.40|
|Tithes|51,148.08|51,148.08|
|Welfare Offering|362.00|362.00|
|Other Income|31,978.60|31,978.60|
|Subtotal Tithes & Offering|92,263.94|92,263.94|
|TOTAL INCOME|92,277.80|92,277.80|
|EXPENSES|||
|FIXED EXPENSES|||
|SUPPORT STAFF|||
|Instrumentalists|2,800.00|2,800.00|
|ADMINISTRATIVE EXPENSE|||
|Professional Services|300.00|300.00|
|PHONES|||
|Cell Phones|1,270.39|1,270.39|
|COMPUTER EXPENSES|||
|Computer Hardware|153.12|153.12|
|Subtotal Administrative Expense|1,723.51|1,723.51|
|BUILDING & GROUNDS|||
|Rent Category 1|4,690.00|4,690.00|
|Rent Category 2|737.50|737.50|
|UTILITIES|||
|Gas|74.00|74.00|
|Maintenance Equip Deprec.|3,720.81|3,720.81|
|Subtotal Building & Grounds|9,222.31|9,222.31|
|Subtotal Fixed Expenses|13,745.82|13,745.82|
|DEPARTMENTS/COMMITTEES|||
|MISSIONS DEPARTMENT|||
|Mission A|3,916.94|3,916.94|
|Mission B|11,644.45|11,644.45|
|Benevolence|7,846.14|7,846.14|
|Subtotal Missions Department|23,407.53|23,407.53|
|CHRISTIAN EDUCATION|||
|Adult Sunday School|250.00|250.00|
|EVANGELISM/OUTREACH|||
|Special Events|120.00|120.00|
|MINISTRY EXPENSE|||
|Church Supplies|69.99|69.99|





## _RCCG Jesus People Parish_ **Income and Expense Statement** Consolidated  -  January 2020 - December 2020 

||Current Period|Year to Date|
|---|---|---|
|Subtotal Departments/committees|23,847.52|23,847.52|
|OTHER EXPENSES|||
|CONVENTIONS & SEMINARS|||
|Miscellaneous Expense|1,000.00|1,000.00|
|TOTAL EXPENSES|38,593.34|38,593.34|
|EXCESS INCOME\EXPENSES|53,684.46|53,684.46|





# **REDEEMED CHRISTIAN CHURCH OF GOD** 

# **JESUS PEOPLE PARISH** 

INDEPENDENT EXAMINERS REPORT FOR PERIOD ENDING 31[st] DECEMBER 2020 

TO THE TRUSTEES OF RCCG – JESUS PEOPLE PARISH 

I report on the accounts of the charity for the period ended 31 December 2020 

## RESPECTIVE RESPONSIBILITIES OF THE TRSUTEES AND THE EXAMINER 

The charity trustees are responsible for the preparation of the accounts. The Charity's trustees consider than an audit is not required for the period under section 476 of the Companies Act 2006 and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts under section145 of Charities Act 2011; 

- follow the procedures laid down in the general Directions given by the Charity 

   - Commissioners (under section 145(5)(b) of the 2011 Act; and 

- state whether particular matters have come to my attention. 

## BASIS OF MY EXAMINATION 

My 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 account, 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 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 statements below. 

## EXAMINER'S STATEMENT 

In connection with my examination, no matter has 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 not kept in accordance with the companies Act; and 

- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Companies Act 2006; or 

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

Lukmon Bola Ogunbadejo B.SC, ACA, IFA/MPA       25th of September 2021 Two Ace Accountants