THE REDEEMED CHRISTIAN CHURCH OF GOD, VICTORY CENTRE SWINDON
FINANCIAL STATEMENTS
TO
31 March 2021
CONTENTS
| CONTENTS | |
|---|---|
| Page | |
| Statement of financial activities | 1 |
| Balance sheet | 2 |
| Notes to the financial statements | 3 - 7 |
| Treasurer's statement | 8 |
| Independent examiner's report | 8 |
RECEIPTS AND PAYMENTS ACCOUNT
THE REDEEMED CHRISTIAN CHURCH OF GOD, VICTORY CENTRE SWINDON FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021
RECEIPTS AND PAYMENTS ACCOUNT
| RECEIPTS Bal. C/F Support from RCCG Cenral office Support from Mother Church Seed sowing and Building fund Contribution Tithe and offering Gift Aid tax repayments Legacies Grants Received Fund raising and donations Monies raised for outside causes Other income Total receipt 2021 Total receipts PAYMENTS WEM - World Evangelival Mission COF - Central Office contribution FOL - Festival of Life Church running costs Programme activity costs Support of outside causes Total payments NET RECEIPTS / (PAYMENTS) TRANSFERS between funds Turn-over/Operationg fund CASH FUNDS b/fwd 1 April CASH FUNDS c/fwd 31 Mar |
Note Unrestrict ed Fund £ Designated Fund £ Restricted Fund £ This Year 2021 Total £ Note Unrestricted Fund £ Designated Fund £ Restricted Fund £ Year 2020 Total £ Bal C/F 30 March 2021 2020 - 21 Total £ Bal. C/F - 31 March 2020 160737.05 142431.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 27,317.19 0.00 0.00 27,317.19 31913.71 0.00 0.00 31913.71 27317.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 347.42 0.00 0.00 347.42 0.00 0.00 0.00 0.00 347.42 27,664.61 0.00 0.00 27,664.61 31913.71 0.00 31913.71 27664.61 2,750.00 0.00 0.00 2,750.00 3250.00 - 3250.00 2750.00 0.00 0.00 0.00 0.00 186.84 - 186.84 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 3 6,010.00 0.00 0.00 6,010.00 24465.08 - 24465.08 6010.00 4 0.00 0.00 0.00 0.00 2450.00 - 2450.00 0.00 600.00 0.00 0.00 600.00 0.00 - 0.00 600.00 9,360.00 0.00 0.00 9,360.00 30351.92 30351.92 9360.00 18,304.61 0.00 0.00 18,304.61 1561.79 0.00 1561.79 0.00 2 - - - - 0.00 - 0.00 0 - - - - - - - 0 - 18,305 - - 18,305 1,561.79 - 1,562 160736.41 - |
|---|---|
THE REDEEMED CHRISTIAN CHURCH OF GOD, VICTORY CENTRE SWINDON
FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2020
RECEIPTS AND PAYMENTS ACCOUNT
| Note | Unrestricted Fund £ |
Designated Fund £ |
Designated Fund £ |
Restricted Fund £ |
Restricted Fund £ |
This Year 2020/21 Total £ |
This Year 2020/21 Total £ |
Unrestricte d Fund £ |
Designated Fund £ |
Restricted Fund £ |
This Year 2020/21 |
||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| STATEMENT OF ASSETS AND LIABILITIES AT | YEAR ENDED 31 MARCH | 2020 | |||||||||||
| Monetary assets | |||||||||||||
| Cash | - | - | - | ||||||||||
| Bank current account | 160737.00 | 0.00 | 0.00 | 160737.00 | 0.00 | 160737.00 | |||||||
| Deposit accounts | 0.00 | 0.00 | |||||||||||
| Total monetary assets | 5 | 160737.00 | 0.00 | 0.00 | 160737.00 | 0.00 | 160737.00 | ||||||
| Other monetary assets | |||||||||||||
| Gift Aid receivable | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Loans to members | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Other monies due to church | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||
| Assets used for church purposes | |||||||||||||
| Buildings | 0.00 | 0.00 | |||||||||||
| Church contents | 0.00 | 0.00 | 4950.00 | 4950.00 | |||||||||
| Equipments, vans for Chuch used | - | 0.00 | 0.00 | 5000.00 | 1575.00 | 6575.00 | |||||||
| 0.00 | 0.00 | 5000.00 | 6525.00 | 0.00 | 11525.00 | ||||||||
| Liabilities | |||||||||||||
| Loans outstanding | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||
| Significant creditors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
APPROVED by the Church Meeting held on 30 December 2021 and signed on its behalf by (chairman) (name) (signature)
The notes on pages 3 and 4 form part of this financial statement
s
THE REDEEMED CHRISTIAN CHURCH OF GOD, VICTORY CENTRE SWINDON FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021
NOTES
- 1 ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Charities Act 1993 Section 42(3), using the Receipts and Payments basis available to small charities.
2 FUND ACCOUNTING
Unrestricted Funds may be used by the church for any of its ordinary purposes.
Designated Funds represent unrestricted funds set aside by the church for specific designated purposes; they can be transferred back into general funds at the church's decision.
| Fund name & purpose: Building fund General fund Totals for designated funds |
Balance b/fwd £ Receipts in year £ Payments in year £ Transfers for year £ Balance c/fwd £ Balance c/fwd £ Receipts in year £ Balance c/fwd £ - - - 142,431 160,734.00 142,431 27,665 9,362 160,734 18,303.00 142,431 27,665 9,362 - 160,734 18,303.00 |
|---|---|
Restricted Funds represent income which may be expended only on those restricted objects provided in the terms of a trust or bequest, or donations or grants received or invited for a specific purpose. These funds can only be spent on the specific purpose for which they were given. Any balance remaining unspent must be carried forward as a balance on that fund for future expenditure on that specific purpose, or returned; it cannot be absorbed into general funds.
| 3 CHURCH RUNNING COSTS Rent Stationary and printing Administration Expenses Local travel & retreat & hotel bills Disclosure and Barring Service (Checks) Guest speakers honorium Musical development and training Equipments, vans for Chuch used Books, CDS and training materials Car repair, tax and MOTS Professional and legal fees Insurance Special occasion foods, drinks and presents Hall Bookings & sundry expenses Total church running costs 4 PROGRAMME ACTIVITY COSTS Outreach Conference and events Church weekend Total programme activity costs |
Unrestricte d Fund £ Designat ed Fund £ Restricted Fund £ 2020-21 Total £ 2020-21 Total £ This Year 2020-21 - Total £ 180 - - 180 180 180 - - - - - - 1,394 - - 1,394 1,394 1,394 789 - - 789 789 789 - - - - - - - - - - - - - - - - - - - - - - - - - - - - 300 - - 300 300 300 822 - - 822 822 822 2,175 - - 2,175 2,175 2,175 350 - - 350 350 350 6,010 - - 6,010 5660 6,010 - - - - - 2,890 - - - - - 3,250 - - - - - 2,360 - - - - - - 8,500 - |
|---|---|
-
5 MONETARY ASSETS
-
The church monies are not held in segregated accounts, but for the sake of this financial statement the total of each account is allocated appropriately over the various funds.
THE REDEEMED CHRISTIAN CHURCH OF GOD, VICTORY CENTRE SWINDON FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2021
TREASURER'S STATEMENT
I have prepared the financial statements on pages 1 to 3 for the year ended 31 March 2021
Name:
Signature: Date:
INDEPENDENT EXAMINER'S REPORT
I report on the financial statemets of The Redeemed Christian Church of God, Victory Centre Swindon for the year ended 31 March 2021, which are set out on pages 1 to 3.
Respective responsibilities
The church is responsible for the preparation of the financial statements, and considers that audit requirement of Section 43(2) of the Charities Act 1993 (the Act), as amended by section 28 of the Charities Act 2006 does not apply and that an independent examination is needed. 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)(b) of the Act, whether particular matters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordnace with the General Directions of the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of accounts presented with those records. It also includes consideration of any unusal items or disclosures in the financial statements, and seeking explanations 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 financial statements.
Independent Examiner's statement
In connection with my examination of the chuch funds, nothing came to my attention which gave me cause to believe otherwise then that the financial statements accord with the accounting records of the church, and that those records satisfied the requirements of the Act. I am not aware of any matter to which attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed:
Date:
Kemi Adeoye Karoo Accountants Accountant 39 Emperor Way Kent TN23 3QY