THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 CHARITY NUMBER 1167091
CHARrrY NO 1167091 THE REDEEMED CHRisfiAN CHURCH OF GOD JESUS SANCTUARY NORTHAMFfoN Fm¥ANCIAL STATEMETrTrS AND TRusfEFS REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 INDEX Contents Pag¢ Legal and Administrative inforniation Report of the Trustees 4-5 Independent Examinerfs R¢p)rt Statement of Financial Activities Balance Sheet Notes fonning part of the financial statements 9-10
CHARrrY NO 11671YJI THE I(EDEEMED CItRisfiAP4 CHURCH OTr COD JFSUS SANcfuARV NORTHAMPTON FENANCIAL STATEMENTS AP4D TRUSTELS REPORT FOR THE YEAR ENDED 3J DECEMBER 21)21 LEGAL AND ADMtNISIRATION INFORMATION Status: Charity Registerd on the 16 MaTch 2016 The charity is governed by declaratton made on the 7 July 2014 Trustees: The trustees serving during the year and since the year ended were &8 follows: Feyisara Akinwumi Modupe Orimogunje Emmanuel Olaoye Akin Akintola Chureh address: Unit 301 & 302 K2 Flouse, Kingsheath Industrial E$tst4 H¢athfi¢ld Way Northampton NN5 7QP Bankers HSBC Bank Milton Kcyncs Independent Examiner Nathan Gra¢e Ltd 6 Homestead Lane Buckingham MK18 2RU
CHARTfY pio 1167091 THE REDEEMED CHRisfiA]¥ CHURCH OF GODSUs SANcfuARY P40RTHAllqVfOPI FINANCIAL STATE.MENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER2021 TRUSTEES REPORT The charity is governed and reg1steTl with the Cknty Commits1 under the ch&ity number 1167091 Objectives of the ChArity: The advancement of Chrtstian FaitF4 emWern1enI of members and involvanent in local c(bmmunities as sel out in the Charity's Article and SchUle. in &COrd wtth the gUIdae Iss1 by the Chrity C(mmission for promotÈng the objects. Achievements and Perfornianee The organization meets regularly for the promotion of the spirituaI aThJ physical wellking of Mem1 and the local communities. We Engage in miss70Th diredly and ilirectlY through lIaxy1] with14xal and intcmaiional charities for the alleviatiOTt of rM)verty. The Chlty is ]velY involval in the activities of Churckns I"ogether in Northampton as well as with the Compassion UK through the stM)n8or5hip of 2 children. In a(klIti0 the Charity collaboraS with other Charities. particularly other Church&s wÉihin RCCG in t Area and across the Country. Th¢ Charity also suppotLs Youth emwwennent through rasidal41 and n(m-residential training 8nd Provides P&storal care and welfarc SUPFX)rt for them. Thc Charity provid c(whing. discipleship and mentoring opporttmities to the Youth as they transit into &lultho(Ml. The Children Department of the Charity provides opwrtunities for children and the Yuuth opportunities to expTt55 tkir G(M¥given tslert& gifting4 skills 8nd faith through nurturin& SUPPKSrtin coaching and supervision. The 2021 freshers, seminar for intcnding undergraduate students was organized in August 2021 with various guest speakers on v8ri04L8 topics &$ Finance and lthgetin& MentsTr healt Time manwen¢ etc. In addition, recognizing the imwrtance of stable homes in society, the Church undertakes regular marriage seminarlmeetings for m¢mb¢rs as w¢ll 8$ WrtIng whole family activilie5 within and outside of the regular meeting place. The belief of the Charity in lmwrt8re of stsble families orxl homes as the bthk of the Church and $iety infomis the imN)rtsnce that it plaets on holi5ti¢ atsnosphcre for families to flourish aThl pr(ts spiritually. physically, socially. and emotionally. The Church moved back to physical gat118 afttt the liftirE of the Covid-19 rutri12iLW on physical gatherings. The Church now meet physically for Sunday seryices and virtually for all midweek 5ervic&xtivities. Governmce aDd IntsrHal Control The Trustees have the genernl oversight adivities of the Charity thrh the setting of strategic directions for the Charity and meet statuthly twice a year to Teview and set diTf¢tions f(r th¢ Clwity. While t daY-t(Y nmning of the Charity is undertaken by the Pwish Paor. th¢ trw8te are consulted as at and when WUAre FinAncil Aetivities *Ad liejults The net incoming resour for the year 8mounted to £30.019 Reserve Poli. It is the Frf)licy of the charity to matntsin unre which we resem of the charity. This provides suffi¢i¢nt fund5 lo cover any emerge wenditure that may arlse fr( lime io time.
CHARrrY No 1167091 THE REDEEItED CFtRISTt.4N CItLIiCH OF GOD JESL'S S.&YCTUARY NORTHAMFfoN FIN.4NCI.4L ST.4TEIIENTS.¥NI) TRI"STEES REPORT FOR THE I"E.4R ENDED 31 DECEMBER 2021 Risk ManagemeDI The charity has assessed all the major risks io which the charity is expowj to, in rArtieul8T. those related to operation and finances of the charity and are satisfied that syslems are in place to mitigate expK)sure to major risks. Trustee Responsibilities The Charity Act 2005 requires the tntee$ to prepare a statement of accounts for each accounting lear "hICh gives & Irue and fair view of the stste of the church. They are required to. Select suitsble accounting wlicies a]yJ apply them cfflsistently. Make judgements and ¢slima¢¢s thal are rusonable and prudent. Stsie whether the applicable accounting sthndards have teen followeA. Prepore financial Staments on the going concern basis. They are responsible for keeping proFKr records which disclose with reasonable accuracy of the firwjces oi the -hurch at any time and lo ensure that sh accounts comply with the Charities Act 1993. They also hai'e resFortsibiliTh io safeguard the as5els of the church and io tsk¢ rewnable step5 to deted fraud or othcr irregulartties. Approved by the Trustees on 01 Seplember 2022 and SI on their iEhaif by Modupe Orimogurtje
CHARrfY NO 1167091 IHE REDEEMED CHR]STIAN CHURCH OFCOD JLSUS SANCFUARY NORTHAMPTON Fif4ANCIAL STATEMEPUS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 21121 INDEPENDENf EXAMtNER'S REPORT I, Olufenli OyeturKk report on thc accounts of the c1}ty for the year eThled 31st tkcemtrr 2021 set out on the following pages which have been prepared b&8ed on acc¢)unting wlicies shown in the c0fftspldig pag&8. Th¢ tn]stees of the Charity are restKrtsible for the preIOn of accounts. Try consider that the alt rquirement under sc¢tion 43 (2) of the Charities Act 1993 does not apply. It is my reskKR)sibility to.. Examine the accounts under section 43 (2) of the 1993 ACL Follow the pr(thlures laid doY4n guthl di1 by d% Cknty C(xnTnis5i(x%rs m&le er seclion 43 (7) (b) of the 1993 ACL Stats whether particular mattets have come to my atieniion. B8yls of Illdependtnt ExmlJerfs rep)rt My examination wa5 crIed in acc<Kd with ts ge81 dire£lions given ty the Chariry C(mmission and is in accordance with Rewlatirn of clwity Accixmt 2(W The examin1 TludeS a review of the accounling records kept by charity and a comFwison of the accounts prtsented with thK)se rec<Yds. It also inc11¢S considLration of any Unus itcms or disclosures in the accounts and seeking expla10 from you trustee8 con¢emin&F any Such matlers. The FY(edures un(knthng do provi& all the evidence that w(wld be required in an audit, and consequently I do not exKYess an a11 opinion on tk view given by the accounts. Independent ELqmin¢r'$ statememt In the course of my examItion, no matter has eL)me to my aiiu1ti0JL ( l ) Which gives me reasonable cause to believe thal An 8ny ma1&1 the trugtets have ncrt met the requirements to ensw¢ that: Proper accounting records are kept in accordance with section 41 Of the 1993 ALI and section 44 {1) (a) of the 2005 Aci and Regujalion 4 of the 2C A¢counts off pffpared whith agree with thc accoww rec(rds and comply with the acc4)unting requirements of the Act.. or (2) To which. in my opini(rfL attention should be drawn in orderto a pwpff len8 of the accounts to be reach&1 Mr. Olufemi Qyetunde IFCCA) NATHAN GRACE LTD 01 septeMi 2022
CHARITY NO 11071191 THE REDEEMED CHiusrtAN CItURCH OFCOD JKSUS SAi¥cfuARV NORTHAMPTON FIN.4NCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YKAR ENDED 31 DECEMBER 2021 STATEMENT OF FINANCIAL ACTIVITIES FOR T14E YEAR ENDED 31 DECEMBER 2021 Ujrestrith Restricted Endowment Total Prior rynds funds Income And endowmeots from: Donations aTKI leleS 91,339 12 91.464 66.589 To141 91339 125 91.464 66.589 ExpeDditur¢ on: Raising funds Charitable activities 61.445 61,445 45,396 Tolal 61,445 61,445 45,396 Net incomel{eipendit•re) 29,894 125 30,019 21,193 TraSferS between fl Other re¢o%nised pl(01. Gains and105s¢s revaltIOn of fixed a&8ets forthe charlty's own use Other gains/(losses) Netnwvementlnf4nds 29.894 125 30,019 21,193 Reconciliarfon offwids." 64.685 43.492 Tolulfunds carriedfonw7rd 94,579 125 94,704 64,685
CH.4Rrri" )0 116-iV)I THE REDEEVED CIIRirfL&N CHiThiCH OF GOD JL£I"S s.INcfL.4RI" NORTHAMFro nN&Nci.*L ST.4TEME%TS.4ND TRI REPORT FOR THE I L4R ENTIED 31 DECEIIBER 2021 B.4L_INCE SHEET.AS .4T 31 DECEIIBER-O-I 40 Lttreslri knrbrfed End0Th7( Total Dds income this s"eAr funds Total last vear Fiied assets FOI F02 F03 F( F05 Tolalfv-ed &ssets Current assets Debtors 1,292 98.746 129? 98.871 Casb at bankand ID band 125 Toial cwrenf assets l(Kl.038 125 67.9i-' Crtdltors: amouDts falling due ithin one Trear 5.459 5.459 Ner currenl ¢wets/QthbUhks) TotaliLfsets le55 curreni Ilabllllles 94,579 94.579 125 125 94.704 94,704 fA.684 Tothl net Sets or Ilablllrfes 94.579 125 94.704 fA.68£ Funds of the Cb4ritr' L nr&stricted fuDds 94,579 94,579 94,704 94,704 ToialfuAd% 125 &1.68 The company was ernitled exemwi(m fKom audit un(kr $477 ofthe Companies Act 2006 reting lo small companies. The members have not required the c(xnpany io obtsin an audii in accordanc£ with section 476 of the Companies A The directors acknowledge th¢irresFrf)nsibilities for¢omplying with the requirem¢nts ofthe Companies Aci M'ith re5F¢CT to accounting records and the preparation of accounts. These accounts have been prepar in JccordarK¢ with the provisions appli¢abl¢ to Small companies subjea to the small companies. regime and in accordance FRSI 02 SORP. Signed on h&[F of all the trte¢S Sioiature Print Name Date of approva] . MIKlupe Orimogunje Olm9r2022
CHARITY NO 1167091 THE REDEEMED CHRisfiAN CIIVRCH OFCODmUS SAUARy NORTHAMYfoTri FINANCIAL STATEMENTS AND TRUSTELS REPORT FOR THE YKAR ENDED 31 DECEMBER 202] NOTES TO THE FINANCIAL STATEMEFifs FOR THE YEAR ENDED 31 DFLEMBER 2021 l B&sis ofpreparation 1.1 Basis of accounting These accounts have been draw up on going ¢on¢ern and the financia] statements prepared under the These accounts have been pwared under the historical cost conveJ)tion with items recognised at cost OT transaction value unless Lrtherwise statsj in the relevart ns} to these accoun The acwunts have been prepared in accordancc with: the Statement of Recommended Practice: AccK)unting and Reporting by Charities preparing their accounts in a¢¢ordan¢e with the Financial Reporting Standard applicable in the UK and Republic of Ircland {FRS 102) issued on 16 July 2014 and with the Charities Aci 2011. 2 Accounting Polieies 2.1 Re¥ognilion of Income 'Thes¢ are included in the Slatemen¢ of Financial Adivities (SOFA) when: the charity becomes entitled to the resourc". it is rn0 likely than not that the tnJsle¢s will re¢eive the resources the monetary value can be measured with sufficient reliability. 2.2 Expenditure ' Liabilities are recognised where it is more likely than not that there is a legal or conslruciive obligation commitlin8 the charity to pay out reSoUrS and the amount of the obligation can be rne&sured with reasonable certainty. 3 Jneome Uttrntrt¢te41 Rt3tricted fund$ lTr¢ome Totsl Prior year ADalysiJ ofineom¢ Tithes 02.89) 12.279 713 14,316 62.890 48,947 Offerin Other donatrons Gift Aid Reclaim Buildin fund Total 5,948 700 9.912 125 125 91.339 91.464 66589
CHARITY NO 11671191 THE REDEEMED CHRiSr CHURCH OF COD JLSUS SANcfuARY NORTIIAMproiY FINANCIAL STATEMEf4TS AND TRUSTELS REPORT FOR IHE YEAR ENDED 31 DECEMBER202J NOTES TO THE FINANCIAL STATEMEKfs FOR THE. YEAR ENDED 31 DECEMBER 2021 4 Exp¢nditure Unrestrlcted Restricted funds iDcorne Tolxl funds Eip¢nditsr¢ Charitable Attiviti Prior year Rent & AccomnKKlation costs Charitable Contributions Salaries Equipment- PurchaselHire Outreach & Felbw5hip Honorarium & Gifts General Admin Expenses Travel Webslte costs Legal & Professional fees Welfare 20,734 16221 19,414 11,868 6.757 2,228 1.174 150 1,198 221 7.231 1652 7,231 2.652 2,309 627 627 159 159 206 2.5(KJ 576 31 150) Yotsl 61845 61,445 45,396 10