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2021-12-31-accounts

REGISTERED COMPANY NUMBER: 8583816 (England and Wales) Charity no: 1158775

Report of the Trustees and Financial Statements for the year ended 31 December 2021 For REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE

DTT Consultancy Ltd 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE

Contents of the Financial Statements

for the year ended 31 December 2021

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5 to 6
Notes to the Financial Statements 7 to 9
Detailed Statement of Financial Activities 10 to 11

Report of the Trustees for the year ended 31 December 2021

REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provision of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number :

8583816 (England and Wales)

Registered office:

Unit 3-4 THE PLAZA STEVENAGE ENGLAND SG1 1PF

Trustees/Director:

Biyerem Nnaemeka Eluwa Mr Olukayode Sotannde Olabimpe Kunlipe

Company Secretary

Independent Examiner

DTT Consultancy Ltd 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Organisational structure

The church is organised so that the trustees meet regularly to manage its affairs. There is a volunteer office administrator, who manages the day to day administrations of the church.

Related parties

RCCG City of David Stevenage is a member of Redeemed Christian Church of God (RCCG) which has Parishes all ov world. The relationship is governed by an Agreement for common purposes between the Parishes and RCCG.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE

Report of the Trustees for the year ended 31 December 2021

FINANCIAL REVIEW

Reserves policy

The net profit for the year amounted to £7,428. 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 signifi 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.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees (who are also the directors of RCCG - Open Heavens Sanctuary for the purposes of company law) are re for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any tim the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on th charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

Date:14th October 2021

Biyerem Nnaemeka Eluwa

Independent Examiner's Report to the Trustees of

REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE

I report on the accounts for the year ended 31 December 2021 set out on the pages attached. Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation the accounts. The charity's trustees consider that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of FCCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiner's report

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 present 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 no opinion is given as to whether the accounts present 'true and fair view ' and the report is limited to those matters set out in the statements below. Independent 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 requirements - to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

DTT Consultancy Lomited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

Date: 14th October 2021

REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE Statement of Financial Activities

for the year ended 31 December 2021

Notes
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
Total incoming resources
RESOURCES EXPENDED
Charitable activities
Support Costs
Governance costs
Total resources expended
NET INCOMING RESOURCES
RECONCILIATION OF FUNDS
Prior year adjustment
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 2021
2020
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
136,006
136,006
113,205
-
-
-
136,006
-
136,006
113,205
28,711
28,711
11,000
108,426
108,426
94,777
-
-
137,137
-
137,137
105,777
1,130
-
-
1,130
-
7,428
88,546
88,546
83,263
87,415
-
87,415
88,546

REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE Balance Sheet

At 31 December 2021

2021
2020
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
Notes
£
£
£
£
FIXED ASSETS
Tangible assets
5
72,433
72,433
72,433
CURRENT ASSETS
Debtors
6
5,370
5,370
5,370
Cash in hand
9,963
9,963
11,093
15,333
-
15,333
16,463
CREDITORS
Amounts falling due within one year
7
350
350
350
NET CURRENT ASSETS/(LIABILITIES)
14,983
14,983
16,113
TOTAL ASSETS LESS CURRENT LIABILITIES
87,415
87,415
88,546
CREDITORS
Amounts falling due after more than one year
8
-
NET ASSETS
87,415
-
87,415
88,546
FUNDS
9
Unrestricted funds
87,415
87,415
88,546
Brought Forward
TOTAL FUNDS
87,415
87,415
88,546		 2021
2020
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
Notes
£
£
£
£
FIXED ASSETS
Tangible assets
5
72,433
72,433
72,433
CURRENT ASSETS
Debtors
6
5,370
5,370
5,370
Cash in hand
9,963
9,963
11,093
15,333
-
15,333
16,463
CREDITORS
Amounts falling due within one year
7
350
350
350
NET CURRENT ASSETS/(LIABILITIES)
14,983
14,983
16,113
TOTAL ASSETS LESS CURRENT LIABILITIES
87,415
87,415
88,546
CREDITORS
Amounts falling due after more than one year
8
-
NET ASSETS
87,415
-
87,415
88,546
FUNDS
9
Unrestricted funds
87,415
87,415
88,546
Brought Forward
TOTAL FUNDS
87,415
87,415
88,546		 2021
2020
Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
Notes
£
£
£
£
FIXED ASSETS
Tangible assets
5
72,433
72,433
72,433
CURRENT ASSETS
Debtors
6
5,370
5,370
5,370
Cash in hand
9,963
9,963
11,093
15,333
-
15,333
16,463
CREDITORS
Amounts falling due within one year
7
350
350
350
NET CURRENT ASSETS/(LIABILITIES)
14,983
14,983
16,113
TOTAL ASSETS LESS CURRENT LIABILITIES
87,415
87,415
88,546
CREDITORS
Amounts falling due after more than one year
8
-
NET ASSETS
87,415
-
87,415
88,546
FUNDS
9
Unrestricted funds
87,415
87,415
88,546
Brought Forward
TOTAL FUNDS
87,415
87,415
88,546
15,333
16,463
350
350
14,983
16,113
87,415
88,546
87,415
-		 87,415
88,546
87,415
88,546
87,415
88,546

REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE

Balance Sheet - continued

for the year ended 31 December 2021

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the charitable company to obtain an audit of its financial statements for the year ende 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Trustees on 14th October 2021 and were signed on its behalf

Biyerem Nnaemeka Eluwa

REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE

Notes to the Financial Statements for the year ended 31 December 2021

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property -2% on reducing balance
Fixtures and fittings -25% on reducing balance
Motor vehicles -25% on reducing balance

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. INVESTMENT INCOME

Bank interest receivable
3. NET INCOMING/(OUTGOING) RESOURCES
Net resources are stated after charging/(crediting):		 2021
2020
£
£
2021
2020
£
£
133,431
113,205

REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE

Notes to the Financial Statements - continued for the year ended 31 December 2021

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2020

Trustees' Expenses

There were no trustees' expenses paid neither for the year ended 31st December 2020

5. TANGIBLE FIXED ASSETS

COST
At 1 Jan 2021
Additions
Disposals
At 31st December 2021
DEPRECIATION
At 1 Jan 2021
Charge for year
At 31st December 2021
NET BOOK VALUE
At 31st December 2020
At 31st December 2021		 Building
Church
Motor
property
Equipment
vehicles
Totals
£
£
£
£
72,433
2,164
-
74,597
-
-
-
72,433
2,164
-
74,597
2,164
2,164
-
-
2,164
-
2,164
72,433
0
-
72,433
72,433
-
-
72,433

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Debtors
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Accrued expenses
Loan		 2021
2020
£
£
2021
2020
£
£
350
350
-
-
350
350

REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE

Notes to the Financial Statements - continued for the year ended 31 December 2021

8 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021 £ -

Amounts falling due in more than five years:

Repayable otherwise then by instalments: Mortgage

9 MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Restricted
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS		 Net
movement in
At 01/01/21
funds
At 31/12/2021
£
£
£
88,546
3,002
-
87,415
88,546
3,002
-
87,415
Incoming
Resources
Movement in
resources
expended
funds
£
£
£
134,135
137,137
3,002
-
134,135
137,137
3,002
-

REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID STEVENAGE

Detailed Statement of Financial Activities for the year ended 31st December 2021

INCOMING RESOURCES
Voluntary income
Grant
RESOURCES EXPENDED
Charitable activities
COF
Donations & Gifts
Evangelism & Outreach
Welfare
WEM
FOL
Social Action
Support Costs
Bank Charges
Childrent Dept
Professional Fes
Conferences & Conventions
Equipment & Instruments
Honorarium
Hospitality
Insurance
Vehicle expenses
Business Rate
Postage,Printing & Stationery
Depreciation
Repairs and maintenance
Rent
Cleaning Service
Staff Allowance
Telephone & Internet
Training
Utilities
Accountancy fee
Admin/Office Expense
Travel and subsistence
Protocol
Building Material
Music
Other
Governance costs
Total resources expended
Net income		 2021
2020
£
£
125,556
113,205
7,875
133,431
113,205
1,100
1,100
923
500
-
2,650
4,667
2,900
3,600
3,300
700
550
17,720
28,711
11,000
501
315
180
2,650
-
1,200
-
90
6,186
5,820
400
1,200
2,260
1,237
1,500
265
480
798
1,939
1,088
1,082
-
217
33,136
30,579
807
670
40,991
24,725
5,343
4,763
225
450
5,908
6,781
1,050
350
1,634
1,100
-
2,100
3,000
800
-
7,256
180
1,272
54
619
108,426
94,777
-
-
137,137
105,777
3,706
-
7,428