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2022-03-31-accounts

Charity no 1157020 Company no 8953382

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

Annual Accounts

1 Apr 2021 - 31 Mar 2022

Prepared by DTT Consultancy Ltd

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENDED 31 March 2022

General Overseer
Pastor Enoch Adeboye
Trustees
Mr Ebenezer Babalola
Mr Kayode Adebanjo
Mr Oladipo Apanisile
Mr Bolajoko Owagbayegun
Mr Stephen Adetoye Gbadebo Soleye
Minister In Charge
Pastor Adeola Owagbayegun
Charity registration no 1157020
Principal office
4 Bursdon Close
Leicester
LE3 6PG
Independent Examiner
Tunji Ogedengbe
36 Daffodil Close
Hatfield
AL10 9FF
Bankers
HSBC

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

Report of the Trustees

for the year ended 31st Mar 2022

FINANCIAL REVIEW

Reserves policy

The net surplus resources for the year amounted to £6,612. All these have been unrestricted reserves and no fund is allocated to restricted project. The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, the free reserves, held by the church should be 3 months of annual expenditure. At this level, the trustees feel that it would be able to continue the current activities of the church in the event of significant drop in funding.

Principal funding sources

This is provided mainly through voluntary tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.

FUTURE DEVELOPMENTS

The church will continue to explore various ways of spreading the gospel of Christ in an affective manner. The charity is also looking to grow in membership and continue to develop its members to make life - changing impact in society, plant more parishes and due to the increase in the number of members, our future plan is to accommodate those members and likely additional.

ON BEHALF OF THE BOARD:

5th Dec 2022

Mr Ebenezer Babalola

Page 1

THE REDEEMED CHRISTIAN CHURCH OF GOD Desire of Nations Assembly

INDEPENDENT EXAMINERS REPORT FOR THE PERIOD April 2020 to 31 March 2022

I report on the financial statements of RCCG Desire of Nations for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act),as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, as amended, whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities Commissioners. 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 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 I do not express an audit opinion on the view

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

Tunji Ogedengbe 36 Daffodil Close Hatfield AL10 9FF

5th December 2022

RCCG THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY 1157020
Annualaccountsforthe period
Period start date 1st April 2021 To Period end
date		 31st March 2022
Section A Statement of financial activities
Recommended
categories by activity
Details of own
analysis
Note
Incoming resources (Note 3)
g
generated funds
Voluntary income
S01
Grant
S02
Investment income
S03
Incoming resources from
charitable activities
S04
Other incoming resources
S05
S06
Resources expended (Notes 4-8)
Costs of Generating Funds
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
Charitable activities
S10
Governance costs
S11
Other resources expended
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
Total funds carried forward
Total funds brought forward
Net movement in funds
Net incoming/(outgoing) resources before
transfers
Gains and losses on revaluation of fixed assets
for the charity’s own use
Other recognised gains/(losses)
Net incoming/(outgoing) resources before
other recognised gains/(losses)
Gross transfers between funds
Prior Year Adjustment
Total resources expended
Total incoming resources		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this year
Total last
year
£
£
£
£
F01
F02
F03
F04
F05
- - - - -
20,529 - - 20,529 13,141
10,000 - - 10,000 -
- - - - -
- - - - -
- - - - -
30,529 - - 20,529 13,141
15,984 - - 15,984 4,216
- - - - -
- - - - -
- - - - -
7,934 - - 7,934 3,063
- - - - -
- - - - -
23,917 - - 23,917 7,279
6,612 - - 6,612 5,861
- - - - -
6,612 - - 6,612 5,861
- - - - -
- - - -
6,612 - - 6,612 5,861
7,073 - - 7,073 1,212
13,685 - - 13,685 7,073

Page 2

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY Section B Balance sheet as at 31st March 2022

Fixed assets
Tangible assets (Note 9)
Investments (Note 10)
Total fixed assets
Current assets
Stock and work in progress
Debtors (Note 11)
(Short term) investments
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year (Note 12)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year (Note 13)
Provisions for liabilities and charges
Net assets
Funds of the Charity
Unrestricted funds
Restricted income funds (Note 14)
Endowment funds(Note 15)
Total funds
Signed by		 Note
B01
B02
B03
B04
B05
B06
B07
B08
B09

B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20		 Unrestricted
funds
£
F01
Restricted
income
funds
£
F02		 Endowment
funds
£
F03		 Total this
year
Total last year
£
£
F04
F05		 Total this
year
Total last year
£
£
F04
F05
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
5,224 - - 5,224 600
- - - -
8,711 - - 8,711 6,723
13,935 - - 13,935 7,323
250 - - 250 250
13,685 - - 13,685 7,073
13,685 - - 13,685 7,073
- - - -
- - - - -
13,685 - - 13,685 7,073
13,685 13,685 7,073
- -
- - -
- - -
13,685 - - 13,685 7,073
Signature Date of
approval
Print Name
Mr Ebenezr Babalola 5th Dec 2022

Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

Give details in this box if a different standard has been followed.

 if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;

 if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Fi** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any i l R ti St d d f S ll E t i (FRSSE)” changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year .

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING

INCOMING
These are included in the Statement of Financial Activities (SoFA) when:
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional
entitlement to the resources.
Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts which they relate.
Contractual income and This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
distributed by the charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources when
receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and
material_._The value placed on these resources is the estimated value to the charity of the
service or facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in
the trustees’ annual report.
Investment income This is included in the accounts when receivable.
Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to pay out resources.
Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee
meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service
conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of
the grant has provided the specified service or output.
Grants payable without These are only recognised in the accounts when a commitment has been made and there are
performance conditions no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs Support costs include central functions and have been allocated to activity cost categories on
a basis consistent with the use of resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use
These are capitalised if they can be used for more than one year, and cost at least £500.
by charity They are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress These are valued at the lower of cost or market value.

Page 5

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Investment income
Incoming resources from
charitable activities
Voluntary income
Activities for generating
funds		 Analysis This year
Last year
£
£		 This year
Last year
£
£
Contribution byMembers 20,529 13,141
Grant 10,000 -
Total 30,529 13,141
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total - -

Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Investment
management costs
Fundraising trading
costs		 Analysis This year
Last year
£
£		 This year
Last year
£
£
Wages and salary 2,200 2,400
Rent 5,000 -
Training - 135
Telephone 423 520
AccountancyFee 250 250
Office Expenses 29 100
Insurance 239 263
Building - -
Honorarium - 100
Musical equipment 3,695 -
Church equipment 2,150 -
Conference 100 -
Other expenses - 1,850
Adverts & Publicity 260 -
Professional & Legal 1,590 400
Choir 48 48
Total 15,984 4,216
- -
- -
- -
- -
Total - -
- -
- -
- -
Total - -
Charitable activities Welfare 147 -
Donation/Gift 805 500
WEM 706 613
COF 1,100 100
Governance costs Communityfood distribution 5,176
Total 7,934 3,063
- -
- -
Total - -

Page 7

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

support costs.
Support cost type Fundraising activity
£		 Charitable Activity
£		 Governance Activity
£		 Total Cost
£
- - - -
- - - -
- - - -
Total - - - -
This year
Last year
£
£
Note 6 Details of certain items of expenditure
6.1 Trustee expenses
Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made
to trustees or to third parties for expenses incurred by trustees. If no expenses were paid,
please enter ‘None’ in the appropriate box(es).
Number of trustees who were paid expenses
Nature of the expenses
Total amount paid
This year Last year
£ £

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor
Independent examiner’s or auditors' fees for reporting on the
accounts		 This year
£		 Last year
£
250 250

Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors
This year
Last year
This year
Last year
£
£
£
£
Trade debtors
- - -
Amounts due from subsidiary and associated
undertakings
- - - -
Other debtors
5,224 600 - -
Prepayments and accrued income
- - - -
Total 5,224 600 - -
12.1 Analysis of creditors
This year
Last year
This year
Last year
£
£
£
£
Loans and overdrafts
- - -
Accruals and deferred income
- - -
Amounts due to subsidiary and associated
undertakings
- - - -
Other creditors
3,874 250 - -
Accruals and deferred income
- - -
Total 3,874 250 - -
Amounts falling due
within one year
Amounts falling due after
more than one year
Note 12 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.

Amounts falling due
within oneyear
Amounts falling due after
more than oneyear
Amounts falling due
within oneyear
Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
- - -
- - - -
5,224 600 - -
- - - -
5,224 600 - -
Amounts falling due
within one year		 Amounts falling due after
more than one year
This year
£		 Last year
£		 This year
£		 Last year
£
- - -
- - -
- - - -
3,874 250 - -
- - -
3,874 250 - -

Page 10