2020-12-31-accounts - The Redeemed Christian Church Of God House Of Prayer For All Nations

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			Unrestricted	Unrestricted
			funds	funds
			2020	2019
Incoming resources			185,637	193,771
Direct charitable expenditure			(105,939)	(113,740)
			79,698	80,031
Fundraising and publicity
Governance costs			(60,753)	(66,178)
Other operating income
Operating surplus			18,945	13,853
Profit on the disposal	oftangible	fixed assets
Profit on the disposal	of investments
Gain on revaluation	ofinvestments
Income from investments
Interest receivable			333	131
Interest payable
Surplus for the year			18218	13,88

Balance Sheet asat 31December	2020
		Notes		2020 6		2019f
Fixed assets
Tangible assets				553,459		342,057
				553,459		342,057
Current assets
Debtors		4	22,632		12,503
Gash atbank and in hand			'l20,060		57,336
			142,692		69,839
Creditorsi amounts	falling due
within one year		5	(36,496}		(1,285}
Net current assets				106,'l96		68,554
Total assets less current
liabilities				659,655		410,611
Creditorsi amounts	falling due
after more than one	year	6
Net assets				659,655		410,611
Capital and reserves
Revaluation reserve				229,766
Reserves				429,S89		410,611
Shareholders funds				659,655		410,611

Tangible fixed assets
	Land and		Motor
	buildings	Equipment	vehicles	Total
				8
Cost
At 1 January 2020	337,734	7,171	2,507	347,412
Surplus on revaluation	229,766
Disposals	(17,500)
At 31 December 2020	550,000	7,171	2,507	9,678
Depreciation
At 1 January 2020		3,875	1,480	5,355
Charge for the year		659	205	864
On disposals
At 31 December 2020		4,534	1,685	6,219
Net book value
At 31 December 2020	550,000	2,637	822	553,459
At 31 December 2019	337,734	3,296	1,027	342,057
Freehold land and buildings:			2020	2019
			8
Historical cost			320,234	337,734
Cumulative depreciation	based on historical cost
			320,234	337,734

Debtors			2020f	2019
Gift aid	tax recoverable		22,632	12,503
			22,632	12,503
Amounts	due after more than one year included	above

fo	r the year ended 3	1 December 2020
5	Creditors: amounts	falling due within one year	2020f	2019f
	Trade creditors		1,200	900
	Other taxes and social security costs		296	385
	Prepaid subvention		35,000
			36,496	1,285
6	Creditors: amounts	falling due after one year	2020f	2019f
	Bank loans
7	Revaluation reserve		2020f	2019f
	At 1 January 2020
	Gain on revaluation	of land and buildings	229,766
	At 31 December 2020		229,766
			2020f	2019f
8	Unrestricted funds
	General funds		410,611	396,627
	Surplus for the year		19,278	13,984
			429,889	410,611

This schedule does not form part ofthe statutory accoun	ts
	2020	2019
	6	6
Incoming resources
Unrestricted funds
Donations eligible for gift aid	90,529	108,950
Income tax recoverable	22,632	27,238
Other income	62,106	57,583
Other operating income	10,370
	185,637	193,771
Direct charitable expenditure
Honoraria	350	420
Service and Sunday school expenses	1,278	6,603
Church rent	35,000	35,000
Shuttle bus and travel costs	1,514	2,403
Welfare &CSR	6,594	1,740
Utiilities	5,456	5,383
Repairs and renewals	3,939	6,435
Training, retreat and conference costs	1,580	2,900
Charitable giving and support	721	2,120
RCCG WEM	2,316	5,498
Salaries and pastoral expenses	47,191	45,238
	105,939	113,740
Other employee costs
Other staff costs	12,077	13,998
	12,077	13,998
Premises costs
Rent and rates	20,594	20,480
Hall costs and refunds	642	11,441
Cleaning and hygiene	2,156	2,071
Repairs and renewals	6,943	4,711
Security		196
	30,335	38,899
Governance costs
Telephone and web costs	2,202	2,081
Streaming, media &digital service costs	2,625
Printing, postage and other office supplies	1,570	1,468
Bank charges and loan fees	287	857
Insurance	485	2,447
Accountancy fees	1,200	1,860
Advertising and PR		687
Other legal and professional	4,818	2,800
Depreciation	864	1,081
Property valuation costs	4,290
	18,341	13,281
	60,753	66,178

The RCCG House of Prayer	The RCCG House of Prayer	The RCCG House of Prayer	for all Nations	for all Nations	for all Nations
Corporation tax computation
Tax reference
Period beginning									1/01/20
Period ending									31/12/20
Accounts pediod beginning									1/01/20
Accounts period ending									31/12/20
Adjustment oftrading	profits
Profit before tax per the	accounts								19,278
Add back disallowable expenses
Donations
Depreciation	and		(profit)/loss	on	sale ofassets
Other
Capital allowances
Add back dividends payable			on non-equity		shares included	in interest	payable
Deduct non-trading income
Interest receivable									(333)
Property income
Other income	not		taxable
Other adjustments
Finance lease adjustments
Leased cars
Other operating		lease adjustments
Adjusted trading profit									19,809
Taxable profits
Trading profit								19,809
Charity relief								(19,809)
Losses utilised
Interest receivable								333
Charity relief								(333)
Rental income
Net chargeable gains
Less: qualifying donations		to	UK charities
Taxable profit

Taxable profit	Taxable profit
Days in accounting		pediod falling	in each tax year
					Days falling
Tax year					in tax year	Days in year
2019					90
2020					275
					365	365
Corporation	tax payable
				Taxable
Tax year				profit	Tax rate	Corp Tax
2019					19%
2020					19%
Corporation	tax payable

The RCCG House of Prayer for Capital allowances	The RCCG House of Prayer for Capital allowances	The RCCG House of Prayer for Capital allowances	The RCCG House of Prayer for Capital allowances	The RCCG House of Prayer for Capital allowances
Tax reference
Period beginning					1/01/20
Period ending					31/12/20
Summary
General pool
Special rate pool
Short term asset pools
Total capital allowances
General Pool
Wntten down value brought		forward
Disposal receipts
Balancing allowance
Balancing charge
Expenditure qualifying for writing			down allowance
Relevant first year expenditure
Other expenditure qualifying		for	first year allowance
Expenditure qualifying for annual investment				allowance
FYA in respect of relevant	FYA		expenditure
Et000 or less. wnte off
Annual investment allowance
Writing down allowance
Written down value carried	forward
Special rate pool
Written down value brought		forward
Disposal receipts
Balancing allowance
Balancing charge
Thermal installation expenditure
Integral feature expenditure
Expenditure on a car that is		not	a main rate	car
Expenditure on cushion gas
Expenditure qualifying for annual			investment	allowance
Annual investment allowance
Wnting down allowance
Written down value carried	forward
Total ofshort life asset pools
Number ofsingle asset pools
Written down value brought		forward
Disposal receipts
Balancing allowances
Balancing charges
Expenditure quahfying for written			down allowance
Relevant first year expenditure
Other expenditure qualifying		for	first year allowance
Expenditure qualifying for annual			investment	allowance
FYA in respect of relevant	FYA expenditure
Other FYA
Annual investment allowances
Writing down allowances
Written down value carried	forward