## **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