THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 CHARITY NUMBER 1167091
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 INDEX Contents Page Legal and Administrative information Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes forniing part of the financial statements 9-10
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 LEGAL AND ADMtNISTRATION INFORMATION Status: Charity Registered on the 16 March 2016 The charity is governed by declaration made on the 7 July 2014 Trustees: The trustees serving during the year and since the year ended were as follows: Feyisara Akinwumi Modupe Orimogunje Emmanuel Olaoye Akin Alcintola Church address: Unit 301 & 302 K2 House, Kingsheath Industrial Estate, Heathfield Way Northampton NN5 7QP Bankers HSBC Bank Milton Keynes Independent Examiner Nathan Grace Ltd 8 Pemberley Walk Northampton NN5 4FW
CHARrrY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHMPTo FINANCIAL STATETrIENfs AND TRUSTEES REPORT FOR THE YEAR EM)ED 31 DECEMBER 2020 TRUSTEES REPORT The charity, is governed and registered with the CharitsT Commtssion under the charity number 11 1167091 Objectives of the Charity: The advancement of Christian FaitlL empoi¥emient of members and involTrement in local communities as set out in the Charity's Article and Schedule, in accordance Iiith the guidance issued by the Charity Commission for promotin2 the objects. Achievements and Performance The organization meets regularly for the promotion of the spiritual and phs'sical wellbeing of memlKrs and the local 11 communities. We Engage in missions directli; and indirecth" through collaborations with local and international charities for the alleviation of povety. The Charits", is actii"eh" ini"oli"ed in the actiTrities of Churches Together in Northampton as well as with the Compassion UK through our child spOnrSp in Haiti. In additio the Charity collaborates ith other Charities, particiilarl), other Churches Ni"ithin RCC G in the .4rea and across the Coimty. The Charity also supports Youth empoMTernient throu_gh residential and non-residential training and provides Pastoral 11 carc and Th:clfare support for them. The Charits" proiides co&hing. discipleship and mentoring opportunities to the Youth as thes, transit into adulthoo(L Thc Children tJ¥artment of the Charit57 provides opportunities for children and the Youth opportunities to express their God-gii"en talents: gftings: skills and faith through nurturing, supporting: coaching and supervision. In additio rccognizing the importance of stable homes in societs,: the Church undertakes regular marriage seminar/meetings for members as Miell as undertakin? Ii"hole famil!" activities within and outside of the regular meeting place. The belief of the Charil! in the importance of stable families and homes as the bedrock of the Church and societi" 11 infornis the importance that it places on holistic almosithere for families lo flourish and prosper spirituallv, ph)'sicallN": 11 socially, and emotionally. In 2020, because of CoTrid-19 restrictions, the actijities of the Charits- have becii negatively impacted as the Church had to move online for all of its services/actii-ities due to ernment lockdoiim of place of worship. Governance and Internal Control The Trustees have the general oN-ersight of the actii"ities of the Charits: through the setting up of strategic directions for the Charity and meet statutorils, tTh'ice a s.ear to rei"ieii" and set directions for the Charity. While the day-to-dav runnin(y of the Charity is undertak-en by the Parish Pastor: the trustees are consulted as at and when required. Financial Activities and Results The net incoming resources for the N"ear amounted to £21:19J Reserve Policy: It is the policy of the charity, to maintain unrestricted funds: Iihich are reseTr"es of the charity. This proTr'ides sufficient funds to cover any emergency eipenditure that maj: arise from time to time.
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Risk Management The charity has assessed all the major risks to which the charity is exposed to, in particular, those related to operation and finances of the charity and are satisfied that systems are in place to mitigate exposure to major risks. Trustee Responsibilities The Charity Act 2005 requires the trustees to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the chui"ch. They are required to. Select suitable accounting policies and apply them consistently. Make judgements and estimates that are reasonable and prudent. State whether the applicable accounting standards have been followed. Pi"epare financial statements on the going concern basis. They are responsible for keeping proper records which disclose with reasonable accuracy of the finances of the church at any time and 'to ensure that such accounts comply with the Charities Act 1993. They also have responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities. Approved by the Trustees on 31 May 2021 and signed on their behalf bN" Modupe Orimogunje
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON, FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 INDEPENDENT EXAMINER'S REPORT I, Olufemi Oyetunde report on the accounts of the Charity for the year ended 31 st December 2020 set out on the following pages which have been prepared based on the accounting policies shown in the corresponding pages. Respective responsibilities of trustees and examiner The trustees of the Charity are responsible for the preparation of accounts. They consider that the audit requirement under section 43 (2) of the Charities Act 1993 does not apply. It is my responsibility to: Examine the accounts under section 43 (2) of the 1993 Act. Follow the procedures laid down in the general directions given by the Charity Commissioners made under section 43 (7) (b) of the 1993 Act. State whether particular matters have come to my attention. Basis of Independent Examiner's report My examination was carried out in accordance with the general directions given b): the Charity Commission and is in accordance with Regulation of the charity Account 2006, The 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 seekinu explanations from you as trustees concerning any such matters. The procedures undertakin(y do not proTh-ide all the e&'idence that would be required in an audit, and consequently I do not express an audit opinion on the vieis" giN-en b3" the accounts. Independent Examiner's statement In the course of my examination: no matter has come to my attention: ( l ) Which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that: Proper accounting records are kept in accordance with section 41 Of the 1993 Act and section 44 (1) (a) of the 2005 Act and Regulation 4 of the 2006 Accounts are prepared which agree with the accounting records and compl), with the accounting requirements of the Act: or (?) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached, Mr. Olufemi Oyetunde (FCCA) NATHAN GRACE LTD Signature.... .. .. . Date: ......31 May 2021
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHATrIPTO FINANCLIL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR EE4DED 31 DECEMBER 2020 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 Unrestricted Restricted Endowment 11 Total funds Prior year funds funds income funds funds Income and endoTrvments from: 11 11 Donations and legacies 66,589 66,589 57,14) Total 66,589 66,589 57,145 Expenditure on: Raising funds Charitable actii"ities 4).396 45,396 43,110 Total 4),396 45,396 43,110 Net incomeJ(expenditure) 21.19J 21.19J 14,035 Transfers between funds Other recognised gains/(losses): Gains and losses on rei-aluation of fixed assets for the charitN: s 011 use Other gains/(losses) Net movement infunds 21,193 21,193 14.03) Reconciliation Total funds brought foThN ard 43,492 43,492 29.4)7 Totalfvnds carriedforward 64,685 64,685 4).492
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 BALANCE SHEET AS AT 31 DECEMBER 2020 No Unrestricted Restricted Endowment te funds income funds funds Total this year Total last year Fixed assets FOI F02 F03 F04 F05 Totalred assets Current assets Debtors 1,292 66,644 1,292 66,644 1,292 49,185 Cash at bank and in hand Total current assets 67,937 66,644 50,477 Creditors: amounts falling due within one year 3.252 3.252 6,986 Net current thssets/(liabilities) Total assets less current liabilities 64,685 64,685 64,685 64,685 43,491 43,491 Total net (Lssets or liabiltsi 64.685 64,685 43,491 F ds f the Chants" fA.68£ 49 The companN" 1S1"&s entitled 10 exemption trom audit under 5477 ot the Companies .4ct ?006 relatincT to small cornpanies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies, subject to the small companies, regime and in accordance with FRS102 SORP. Signed on behalf of all the trustees Signature Print Name Date of approval Modupe Orimogunje 31/05/2021
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 l Basis of Preparation l. l Basis of accounting These accounts have been drawn up based on going concern and the financial statements prepared under the These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011. 2 Accounting Policies 2.1 Recognition of Income These are included in the Statement of Financial Activities (SOFA) Ivhen: the charity becomes entitled to the resources: it is more likeliT than not that the trustees m.ill receii;e the resources the monetary value can be easured IN-ith sufficient reliabilits-. 2.2 Expenditure Liabilities are recognised where it is more likelv than not that there is a legal or constructive obligation committing the charity: to paj" out resources and the amount of the obligation can be measured Thith reasonable certainty. 3 Income Unrestricted funds Restricted income funds Total funds Prior year Anali'sis of income Tithes 48,947 5,948 700 9,912 66,589 48,947 5,948 700 9,912 66,589 35,138 5,468 1,435 15,104 57,145 Offering Other donations Gift Aid Reclaim Total
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAITO FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 4 Expenditure Unrestricted funds Restricted income funds Total funds Expenditure on Charitable Activities Prior year Rent & Accommodation costs Charitable Contributions Salaries Equipment - Purchase/Hire Outreach & Fellowship Honorarium & Gifts General Admin Expenses Travel Website costs Legal & Professional fees Welfare 19,414 11,868 6,757 2,228 1,174 150 19,414 11,868 6,757 2,228 1,174 150 17,479 9,962 6,774 4,116 2,860 550 1,198 1,198 460 416 576 576 408 31 31 85 2,000 2,000 Total 45396 45,396 43,110 10