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 2021
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 2021
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 2021
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 2021. 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 2021
exercising their duties to which the guidance is relevant. To build a strong Christian faith for its members through:
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Sharing in truth and faith, the gifts which God has given us.
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Developing people to spiritual maturity through bible studies, house fellowships, seminars, and retreats
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Equipping every believer for a significant ministry by helping them discover the
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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.
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I believe these dreams will become a reality because they are based on God’s given word Ephesians 4:11-16
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Finally, are you preparing for the coming of the Lord Jesus Christ? Be prepared!
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He will come back when nobody expects.
c. ACTIVITIES FOR ACHIEVING OBJECTIVES
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We provide counseling for our Church members.
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We meet on Sunday for fellowship in songs, reading, and teaching of the Bible doctrines.
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We meet on Friday for deep research of God’s instruction through discussion and teaching of Bible doctrines. Also, Prayer meeting
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On Monday we have house fellowship meetings at 5 different centres.
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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 2021
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
We are grateful to God for His guidance, mercies, help, and grace for seeing us through the challenging period and even more grateful with the lifting of restrictions during the year. We were able to come together and fellowship. God who is always faithful in building his Church did not allow the gates of hell to prevail.
We continue to look up to Him, knowing that He will never fail.
Achievements and performance
- REVIEW OF ACTIVITIES
The Church operates from North Woolwich and the number of attendants was, children, youth, and teenage members; 73 and adult members were 58 during the year. During the period up to the lifting of restrictions, the church was able continue with Sunday fellowship, weekly meetings online. Post lockdown the church resumed physical attendance and continues with online services for those that are not able to physically attend the church.
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 SERVEI S POLICY RCCG Jesus Pai'ish Noi'th Woolivicli is a small cliiircli ivitli ai) avei-age iiicome of £64,900. Due to tlie i'eceipt of past titlies li¢ld by our pai'ent parisli, il has ciii'i'ent I'esei'ves of £28,316. Tlie cliiii-cli has alivay5 I-eiited foi- botli Siiiiday service aiid midiveelc meetings, and it is the ivish of our congregation to hAve a biiildlng of our oivn to felloivsliip togetlier. The tl'115tees disciissed the folloivillg factors li) ari'iving at their reserves policy: Money should only be kept in i'eserve foi. specific reasoi)s- Ivhilst the Bible eleai'ly indicates tllat ive should not hoard it is also clear that sensible planning for knuiyn events and responsibility foi. otliers is iliiportaiit. Tlie chui'ch lias no imiiiediate use for tlie £28,316 ill i'eserves It ivould be sensible to Iieep the funds and ally fiiture funding li) resei've for the deposit of a neiv building for the chui'ch. The church has not put any money iiito I'eserves In reserves in recent yemi's. Policy: RCCG Jesus Peoi)le Pal'isli North Woolivich aims to keep approximately £50,000 in i-eserves. Tliis Ivill be to covei. tlle deposit aiid all legal eosts foi. tlie piirehase of a neiv buildiiig. To achieve this, Ive Ivill aim to put £2k pei. yeai. into i'eserves from ii)come until tllat level is acliieved. In all, we thank God for iising His Chiireh to accomplish His will in Ihc parish. This report ivas approved by the TISteeS and signed on their behalf by.. Yoml Aivosola Miiii5tei' in Charge
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021 (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
| Cost as 31/12/2020 Additions Accum Depr C/F NBV as at 31/12/2021 |
Gen Eqpt Music Eqpt Total 4,527.45 10,355.80 14,883.25 2,805.79 0.00 2,805.79 -4,963.62 -8,999.29 -13,962.91 |
|---|---|
| 2,414.62 1,356.51 3,726.13 |
RCCG Jesus People Parfsh Balance Shegl Consolid8ted December 2021 Current Year 2021 Previous Year 2020 ASSETS BANK ACCOUNTS CHECKING ACCOUNTS BARCLAYS BANK DEPOSIT ACCOUNT WELFARE ACCOUNT 60,742.08 28.316.70 100.00 38,474.51 28,313.8fj 0.00 Subtotal Checknng Accounts 89,158.78 66.788.37 Subtolal Bank Ac¢ounts 89.158.78 66.788.37 FIXEO ASSETS EQUIPMENT General Equipm8nl MUSIC Accum. Depr.- Equipmenl 7.333.24 10,355.80 -13.962.83 4,527.45 10,355.80 -9.540.57 Subtolal Fixed Assets 3.726.21 5.342.68 TOTAL ASSETS 92,884.99 72,131.05 NET ASSETS UNRESTRICTED Unre$lrl¢led NelAssels 92.884.99 72.131.05 TOTAL EQUITY 92.884.99 72.131.05 TOTAL LIABILITIES ANO EQUITY 92.884.99 72,131.05 Tlie financlol statements were approved by theTrustees on 26 September 2022 and signed on thelr beh?11 by.. Adenlke Mollrade e Aklnlol4n Olanrewalu Olukayode TaIudeen Salaml
RCCG Jesus People Parish Trial Balance January 2021 - December 2021
| Account | Account Name | Type | Beg. Balance |
Period Actual |
Curr. Balance |
|---|---|---|---|---|---|
| 01 | GENERAL FUNDS | ||||
| 01-1110 | BARCLAYS BANK | DB | 38,474.51 | 22,267.57 | 60,742.08 |
| 01-1120 | DEPOSIT ACCOUNT |
DB | 28,313.86 | 2.84 | 28,316.70 |
| 01-1121 | WELFARE ACCOUNT |
DB | 0.00 | 100.00 | 100.00 |
| 01- | |||||
| 1800- | General Equipment | DB | 4,527.45 | 2,805.79 | 7,333.24 |
| 001 | |||||
| 01-1810 | MUSIC | DB | 10,355.80 | 0.00 | 10,355.80 |
| 01-1899 | Accum. Depr. - Equipment |
DB | -9,540.57 | -4,422.26 | -13,962.83 |
| 01-3110 | Unrestricted Net Assets |
CR | 72,131.05 | 0.00 | 72,131.05 |
| 01-4510 | Banking Interest | CR | 0.00 | 2.84 | 2.84 |
| 01- | |||||
| 4620- | Sunday Offering | CR | 0.00 | 7,837.81 | 7,837.81 |
| 001 | |||||
| 01- 4620- 003 |
Thanksgiving Offering |
CR | 0.00 | 2,051.72 | 2,051.72 |
| 01- | |||||
| 4620- | Tithes | CR | 0.00 | 54,466.04 | 54,466.04 |
| 004 | |||||
| 01- | |||||
| 4620- | Welfare Offering | CR | 0.00 | 350.00 | 350.00 |
| 005 | |||||
| 01- | |||||
| 4620- | Other Income | CR | 0.00 | 200.00 | 200.00 |
| 006 | |||||
| 01-5195 | Musician | DB | 0.00 | 9,338.58 | 9,338.58 |
| 01-5490 | Professional Services |
DB | 0.00 | 1,050.00 | 1,050.00 |
| 01- | |||||
| 5495- | Workers Training | DB | 0.00 | 300.00 | 300.00 |
| 002 | |||||
| 01-5525 | Cell Phones | DB | 0.00 | 1,213.39 | 1,213.39 |
| 01- | |||||
| 5620- | Rent Category 1 | DB | 0.00 | 4,950.00 | 4,950.00 |
| 001 | |||||
| 01-5895 | Maintenance Equip Deprec. |
DB | 0.00 | 4,422.26 | 4,422.26 |
| 01-6015 | Mission A | DB | 0.00 | 3,786.50 | 3,786.50 |
| 01-6020 | Mission B | DB | 0.00 | 11,829.93 | 11,829.93 |
| 01-6100 | Benevolence | DB | 0.00 | 4,940.00 | 4,940.00 |
| 01-6215 | Adult Sunday School |
DB | 0.00 | 270.00 | 270.00 |
| 01-6280 | Choir | DB | 0.00 | 225.30 | 225.30 |
| 01-6320 | Special Events | DB | 0.00 | 600.00 | 600.00 |
| 01-6480 | Church Supplies | DB | 0.00 | 372.36 | 372.36 |
| 01-6490 | Books & Literature | DB | 0.00 | 300.00 | 300.00 |
| 01-6600 | Miscellaneous Expense |
DB | 0.00 | 556.15 | 556.15 |
|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 |
RCCG Jesus People Parish Income and Expense Statement Consolidated - January 2021 - December 2021
| Current Period |
Year to Date | |
|---|---|---|
| INCOME | ||
| INTEREST INCOME | ||
| Banking Interest | 2.84 | 2.84 |
| TITHES & OFFERING | ||
| Sunday Offering | 7,837.81 | 7,837.81 |
| Thanksgiving Offering | 2,051.72 | 2,051.72 |
| Tithes | 54,466.04 | 54,466.04 |
| Welfare Offering | 350.00 | 350.00 |
| Other Income | 200.00 | 200.00 |
| Subtotal Tithes & Offering | 64,905.57 | 64,905.57 |
| TOTAL INCOME | 64,908.41 | 64,908.41 |
| EXPENSES | ||
| FIXED EXPENSES | ||
| SUPPORT STAFF | ||
| STAFF SALARIES | ||
| Musician | 9,338.58 | 9,338.58 |
| ADMINISTRATIVE EXPENSE | ||
| Professional Services | 1,050.00 | 1,050.00 |
| Workers Training | 300.00 | 300.00 |
| PHONES | ||
| Cell Phones | 1,213.39 | 1,213.39 |
| Subtotal Administrative Expense | 2,563.39 | 2,563.39 |
| BUILDING & GROUNDS | ||
| Rent Category 1 | 4,950.00 | 4,950.00 |
| Maintenance Equip Deprec. | 4,422.26 | 4,422.26 |
| Subtotal Building & Grounds | 9,372.26 | 9,372.26 |
| Subtotal Fixed Expenses | 21,274.23 | 21,274.23 |
| DEPARTMENTS/COMMITTEES | ||
| MISSIONS DEPARTMENT | ||
| Mission A | 3,786.50 | 3,786.50 |
| Mission B | 11,829.93 | 11,829.93 |
| Benevolence | 4,940.00 | 4,940.00 |
| Subtotal Missions Department | 20,556.43 | 20,556.43 |
| CHRISTIAN EDUCATION | ||
| Adult Sunday School | 270.00 | 270.00 |
| MUSIC | ||
|---|---|---|
| Choir | 225.30 | 225.30 |
| EVANGELISM/OUTREACH | ||
| Special Events | 600.00 | 600.00 |
| MINISTRY EXPENSE | ||
| Church Supplies | 372.36 | 372.36 |
| Books & Literature | 300.00 | 300.00 |
| Subtotal Ministry Expense | 672.36 | 672.36 |
| Subtotal Departments/committees | 22,324.09 | 22,324.09 |
| OTHER EXPENSES | ||
| CONVENTIONS & SEMINARS | ||
| Miscellaneous Expense | 556.15 | 556.15 |
| TOTAL EXPENSES | 44,154.47 | 44,154.47 |
| EXCESS INCOME\EXPENSES | 20,753.94 | 20,753.94 |
REDEEMED CHRISTIAN CHURCH OF GOD
JESUS PEOPLE PARISH
INDEPENDENT EXAMINERS REPORT FOR PERIOD ENDING 31[st] DECEMBER 2021
TO THE TRUSTEES OF RCCG – JESUS PEOPLE PARISH
I report on the accounts of the charity for the period ended 31 December 2021
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:
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examine the accounts under section145 of Charities Act 2011;
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follow the procedures laid down in the general Directions given by the Charity
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Commissioners (under section 145(5)(b) of the 2011 Act; and
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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:
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proper accounting records are not kept in accordance with the companies Act; and
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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 26th of September 2022 Two Ace Accountants