# **Charity Registration No. 1169652 Company Incorporation No. 09794113**
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
**Report & Financial Statement For Year Ended**
**30 April 2021**
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **YEAR ENDED 30 APRIL 2021**
## **REPORT AND FINANCIAL STATEMENTS**
|**CONTENTS**
**REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES**
**INDEPENDENT EXAMINER'S REPORT**
**STATEMENT OF FINANCIAL ACTIVITIES**
**BALANCE SHEET**
**NOTES TO THE FINANCIAL STATEMENT**|**PAGE**|
|---|---|
||**1-5**
**6**
**7**
**8-9**
**10-14**|
1
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **GENERAL INFORMATION**
## **BOARD MEMBERS, OFFICERS, ADVISERS AND BANKERS**
## **General Overseer**
Pastor E A Adeboye
## **Trustees**
The trustees who served during this period are as follow:
Mr Abimbola Adetoye Mr Lawrence Olubunmi Fajembola Mr Oluyomi Oyewole Osibanjo
## **Chief Operating Officer/Senior Pastor**
Mr Olayemi T. Hassan
## **Registered Address**
Ripple Centre 121-125 Ripple Road Barking Essex IG11 7FN
## **Worship Address**
St John The Divine Church 522 Goresbrook Road Dagenham Essex RM9 4XA
## **Bankers**
Barclays Bank Plc Epsom Surrey KT19
## **Accountants**
Da-Silva and Associates Ltd 14 Farm Close Dagenham Essex RM10 9TX
## **Statutory Registration**
Company Registration Number: 09794113
## **Statutory Registration**
Charity Commission Registration Charity Number: 1169652
2
**THE REDEEMED CHRISTIAN CHURCH OF GOD (“RCCG”) RIVERS OF JOY, DAGENHAM**
## **Year ended 30 April 2021 Report of the Trustees -Continued**
The Trustees who are also Directors for the purposes of Company law present their report along with the financial statement of the charity for the year ended 30[th ] April 2021. The financial statements have been prepared based on the accounting policies set out in the notes. The financial statements comply with the Charity Act 2011, charity’s governing document, applicable law, and requirements of the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102 and Company Act (2006).
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
The Redeemed Christian Church of God (RCCG) Rivers of Joy Dagenham registered charity (number 1169652) and Company Limited by guarantee (09794113) and it is governed by its Article of Association.
## **Organization and Structure**
The management of this Charity is the responsibility of the Board of Trustees. Who have been co-opted for their skills and experience in church leadership. Trustees are required to attend induction and annual training in order to keep up to date. The day to day running of the Charity is the responsibility of the Senior Pastor, who is also the Charity’s Chief Operating Officer. He is assisted by a Council of ministers, whom he delegates responsibilities too regularly. They meet occasionally in the year to review the activities of the church and to make decisions on all crucial matters.
## **Grant Making Policy**
The Church in accordance with the agreement of common purposes signed with RCCG UK are expected to make a monthly contribution towards RCCG COF, RCCG WEM, the Festival of Life operations and other worldwide and national activities organised by RCCG Central. In the year under review no RCCG WEM was recorded.
## **Reserve Policy**
It is the policy of the Charity to retain reserves at a level enough to cover regular operational costs and the remainder of the reserve is expended on the objectives of the charity or retained for future plans.
3
**THE REDEEMED CHRISTIAN CHURCH OF GOD (“RCCG”) RIVERS OF JOY, DAGENHAM**
## **Year ended 30 April 2021 Report of the Trustees -Continued**
## **Risk Management**
The trustees have a risk management strategy which comprises:
- An annual review of the principal risks and uncertainties that the charity faces
- The establishment of policies, systems, and procedures to mitigate those risks identified in the annual review.
- Strategic and operational plans and an annual budget, and progress reporting against plans and budget
- The implementation of procedures designed to minimize or manage any potential impact on the charity should those risks materialize.
## **Financial Review**
The Charity’s financial statement for the year ended 30 April 2021 shows a surplus of £8,077 (2020: £20,991 deficit). All funds are unrestricted funds with a balance at 30th April 2021 of £3,985 (2020: £4,092 deficit).
## **Volunteers**
The Charity is very grateful for the immeasurable contribution of the time and effort from all our volunteers the year being reviewed.
## **Brief Summary of the Year under review**
In the year under review, the outbreak of COVID 19 continues and the church operations in various initiatives in engaging, empowering, and meeting the needs of different age groups in the community were limited. Under the food bank initiatives, we were still able to pick food items from Tesco and Asda to meet the needs of the people in the community, but in a limited quantities and reduced three times a week collection to once a week at the Barking and Dagenham CVS centre in Barking.
Moreover, the number of volunteers to assist the old people and other vulnerable people in the community doing their shopping for them were reduced by 80% and therefore not able to do much in assisting the elderly.
We started the on-line version of the music academy for the youth during the Covid19 period and the turnout was very impressive.
## **Future Development**
We hope to combine both online and class version of the music academy by the end of the year and continue with the youths in the community learning to play different types of music instruments. Secondly, we hope the spread of the COVID 19
4
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") RIVERS OF JOY.
DAGENHAM
Year ended 30 April 2021
Report of the Truslees -continued
situation will be curtailed significantly, so that we can continue the food bank
initiatives, with the hope of covering more areas in the community.
Publlc Beneflt
RCCG Rivers of Joy Dogenham ensure that all its activities are planned ond designed
for the benefit of the public and in line wilh Chorily's objects of advoncement of
Chri51ian faith and the relief of poverty.
Ihe board ol trustees ensures church take account of the Charity commission's
guideline on public benefits in their plonning and decision moking.
stalemenl of Trustees Responslbllltles
Charity law requires the Trustees to prepare the Financial Statements for each
financial year which gives a true and fair view of the stcjte of financial affairs of the
Charity during the year ond of its linanciol position at the end of the year. In preparing
those Finonciol Stotements, the Trustees are required to..
Select 5Ultable accounting policies and apply them con51Stenlly through
the yeor
Make judgmenls and estimotes that are reosonoble and prudent.
state whether applicable Accounting Slandords have been followed,
subject to any material deportures thot should be disclosed ond explained
in the Financial Statements.
Prepare the Financial Statements on the going concern bosis unle55 It is
inoppropriate to presume thal the trust will continue in operation.
The Trustees have overoll responsibility for ensuring that the chority hos on
oppropriote sy51em control, financiol ond otherwise.
We are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the finoncial position of the Charity and enables
them to ensure that the Financiol Statements comply with the Charities Act 2011. We
are olso responsible for safeguarding the Assets of the Charity and for taking
reasonable steps for the prevention and detection of froud ond other irregularilies.
rhis report was approved by the boord of Trustees on .
2 7. FebriAqr
. 2022
Mr Lawrence O. Fojembolo
Trustee
Mr Ablmbola Adeloye
Trustee
Independenl Examlnerf$ Report to the Trustees of
THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAPA
We report on the accounts of the Redeemed Chrislion Church ol God l RCCG'I -
Rr4er5 of Joy Dogenhom for the year ended 30th April 2021. which ore sel out on pages 7 to 14.
RpeCtIVe responslblllNes oltru5tees and •xamln
The trustees Iwho ore also the director5 01 the compony for the purposes of compony lawl are
Tespon5ible for the preparolion of the occounts. The trustee5 consider thot on oudil is not required
for this year under 5eclion 144121 of Ihe Charities Act 2011 (the 2011 Actl and that an independenl
examination 15 needed.
Having 50tisfied myself that the charity is nol subject to audit under compony l(w4 ond is eligilbe lor
independent exominaliorn It is my ie5ponsibility lo=
examine the account under (section 145 of the 2011 Act..
to fouowing the procedures laid down in the general Directions given by *he Chority
Commission under section 14515llbl of the 201 I Act., and
10 5tote whether particulcy motter5 hove come lo my attention
Bas1$ of IndepeIent exomlnei's report
My exominalion wos corried out in accordance with the Generol Directions given by the Chority
Commission. An exomination includes a review of the occounting records kept by the Chority
and a comparison of the occounls presented with those recori*.11 a0 includes consideration of
any unu5voI itèms or disclosvres in the accovnts. ond seeking explonotions from the Irusleei
conceming any such mallers. The procedures undertoken do not provide oll Ihe evidence thot
would be required in an audit ond consequently no opinion 15 given os to whether the accounts
present o true ond lair view ond thereport is limited to those matters sel out in the 5totement below.
Indèpendènl •xamlnerfs Statement
In connection wilh my exominalion. no matter hth come to my attention..
11 I which gives mè reasonable cause to believè Ihal. in ony material respect Ihe requirements..
to keep occounting iecords in accordance with section 386 01 the Companies Act 2006..
and to prepare accounts which accoid with the occounling fecords. comply with the
occounling requirement5 of thè section 386 of the Componies Act 2(K)6 and with the
methods and principles of th8 Slolemenl ol Recommemded Practce.. Accounting ond
Repoling by Chorilies
121 to which. in my opinion. atlenlion shoukl be drawn in order to &nable a proper understanding
of Ihe accounts lo be leached.
Mr$ Elleen Do-sllva FCCA
Da-silva ond knocioles Lt¢
14 Farm Close
Dagenham
Essex RMIO 9TX
2022
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 30 APRIL 2021**
|**Notes**
**Income and endowment from:**
Donations and legacies
2
**EXPENDITURE**
**Charitable expenditure:**
Grants and donation
3
Charitable services
4
Support costs
5
Management and administration
6
**Total Expenditure**
Net Income/(Expenses)
Reconciliation of funds:
Total Funds brought forward|**2021**
**£**
**Unrestricted**
**Fund**
**£**
65,428
**65,428**
120
13,136
8,992
35,102
**57,351**
8,077
(4,092)
**3,985**|**2020**
**£**
**Unrestricted**
**Fund**
**£**
80,976|
|---|---|---|
|||**80,976**|
|||780
43,497
13,136
44,554|
|||**101,967**|
|||(20,991)
16,899|
|||**(4,092)**|
7
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **BALANCE SHEET AS AT 30 APRIL 2021**
|**Notes**
**Fixed assets**
Tangible fixed assets
7
**Current assets**
Debtors
8
Cash at bank
**Creditors: amount falling due within one year**
9
Net current assets
**Total assets less current liabilities**
**Income Funds**
Unrestricted Funds- General Funds
10|**2021**
**£**
2,951
13,555
613
14,168
(13,134)
1,034
**3,985**
**3,985**|**2020**
**£**
1,025|
|---|---|---|
|||13,555
540|
|||14,095
(19,212)
(5,117)|
|||(4,092)|
||||
|||(4,092)|
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THE REDEEMED CHRISTIAN CHURCH OF GOD
RIVERS OF JOY DAGENHAM
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2021
In preparing this financial statement..
l. Ihe directors ore ol the opinion that the company is entitled lo exemption
trom audit under section 477121 ol the Companies Act 2006 reloting to smoll componies.
2. No notice has been dep05iled under section 476 of Ihe Companies Act 2006 and
3. The directors ocknowledge their re5ponsibilihe5 for-.
. Ensuring that the company keep occounting records which comply with
section 386 01 tho Componies Act 2006 ond
- Preparing occounls which give true ond loir view of the stole ol offairs of the
coniDony 0$ ot the end of the finonciol yeor and ol it's surplus and deficit in
accordonce with the reqviremenls of section 396. and which otherwise comply
with the requirements ol this Act reloling to accounts. so for as applicable to the company.
This financial stotement have been prepared in occordance with the provisions applicable
to companies subject lo the Small companies regime.
Approv8d on behall ot the boora ot trustees on the
FebrH4
2022.
Mr Lowrence Olubunml Folembola
Trustee
Mr
blmbola Adeloye
Trustee
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2021**
## **1. Accounting policy**
The principal accounting policies, all of which have been applied consistently throughout the year, are set out below:
## **Scope and basis of the financial statements**
## **a) Convention**
These financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). The Charity is a public benefit entity for the purposes of FRS 102 and therefore has also prepared the financial statements in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with theFinancial Reporting Standard applicable in the UK and Republic of Ireland (The FRS 102 Charities SORP) and theCompany Act 2006 and Charities Act 2011.
## **b) Donations & Legacies**
Voluntary income is received by way of donations, legacies and gifts and is included in full in the statement of financial activities when receivable. Volunteer time is not included in the financial statements.
## **c) Grants and Commissioned Services income recognition**
Income from grants and commissioned services is recognised in full in the statement of financial activities in the year in which the income is receivable
## **d) Rental income recognition**
Rental income is included in full in the statement of financial activities when receivable. Contractual and fee income is recognised in the financial statements to the extent that entitlement had been earned at the year end through performance of the contract.
10
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2021**
## **e) Deferred income**
Where unconditional entitlement to income receivable is dependent upon fulfilment of conditions within the charity's control, the income is recognised when there is sufficient evidence that conditions will be met.Where there is uncertainty as to whether the charity can meet such conditions the income is deferred.
## **f) Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the parish and which have not been designated for other purposes.
## **g ) Incoming resources**
All income is accounted for when the Charity has entitlement to the funds, the amount can be quantified and there is certainty of receipt.
## **h) Resources expended**
All expenditure is accounted for on accrual basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have beenallocated on a basis consistent with the use of the resources. Grant payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attached are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
## **i) Cash flow**
The financial statements do not include a cash flow statement because the church, as a small reporting entity, is exempt from the requirement to prepare such a statement under the financial Reporting Standard for Smaller Entities (effective June 2002).
## **j) Tangible fixed assets and depreciation**
All assets costing more than £500 are capitalised.
Tangible fixed assets are stated at cost and depreciated on a straight line basis over their useful economic lives as follows:
|Furniture & Fittings|25%|
|---|---|
|Office/Church Equipment|25%|
11
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 30 APRIL 2021**
|**2. Income from Activities in furtherance of**
**Charitable Objects**
Tithes and offering
Thanksgiving
Gift Aid
HMRC CJRS Grant
**3**
**Grants and Donations**
Other Grants & Donations
**4.**
**Cost of Activities for Charitable Objective**
Rent
Welfare/Hardship Grant
Music instrumentlists/Training
Honorarium/Ministerial Expenses
Seminars, Conferences & Events Costs
**5.**
**Support Cost**
Insurance
Depreciation
Telephone Expenses
Printing, Stationery & Postage
Equipment Repairs & Renewals
Bank Charges
Transportation Costs
Advertising
Other cost|**2021**
**Unrestricted**
**Fund**
**£**
46,315
230
8,169
10,714
**65,428**
120
**120**
6,774
850
4,100
350
1,062
**13,136**
1,694
2,008
1,453
727
760
880
800
-
670
**8,992**|2020
Unrestricted
Fund
£
75,106
5,870
-
-|
|---|---|---|
|||80,976|
|||780|
|||780|
|||27,630
2,741
7,190
3,630
2,306|
|||43,497|
|||1,673
1,025
1,168
360
-
4,349
2,171
230
2,160|
|||13,136|
12
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 30 APRIL 2021**
|**6. Management and Administration**
Legal, Professional and Consultancy
Staff Remuneration
Social Security Costs
Housing/Accommodation
**7.**
**Furniture &**
**Fittings**
**£**
**Cost**
At 01/05/20
16,364
Additions
-
Disposal
-
**At 30/04/21**
**16,364**
**p**
At 01/05/20
16,364
Depreciation for the year
-
**At 30/04/21**
**16,364**
**At 30/04/21**
**-**
**At 30/04/20**
**-**
**8. Debtors**
Other debtors|**6. Management and Administration**
Legal, Professional and Consultancy
Staff Remuneration
Social Security Costs
Housing/Accommodation
**7.**
**Furniture &**
**Fittings**
**£**
**Cost**
At 01/05/20
16,364
Additions
-
Disposal
-
**At 30/04/21**
**16,364**
**p**
At 01/05/20
16,364
Depreciation for the year
-
**At 30/04/21**
**16,364**
**At 30/04/21**
**-**
**At 30/04/20**
**-**
**8. Debtors**
Other debtors|**2021**
**£**
1,147
15,980
767
17,208
**35,102**
**Church**
**Equipments**
**£**
15,152
3,934
-
**19,086**
14,127
2,008
**16,135**
**2,951**
**1,025**
**2021**
**£**
13,555
**13,555**|**2020**
**£**
800
23,858
5,530
14,365|
|---|---|---|---|
||||44,554|
||||**Total**
**£**
31,516
3,934
-|
||**16,364**||**35,450**|
||16,364
-||30,491
2,008|
||**16,364**||**32,499**|
||**-**||**2,951**|
||**-**||**1,025**|
||||**2020**
**£**
13,555|
||||13,555|
13
## **THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM**
## **NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 30 APRIL 2021**
|**9.**
**Creditors**
Accountants Fees
Loan from Members
Staff cost
**10. Movement in funds**
**Unrestricted Funds**
Opening balance
Total Income
Total Expenses
**Closing balance**|**2021**
**£**
800
4,270
8,064
**13,134**
**Unrestricted**
**Funds**
**£**
(4,092)
65,428
(57,351)
**3,985**|**2020**
**£**
850
12,193
6,169|
|---|---|---|
|||**19,212**|
|||**Unrestricted**
**Funds**
**£**
16,899
80,976
(101,967)|
|||(4,092)|
## **11. Trustee Emoluments**
No remuneration or expenses were paid to the Trustee during the year.
## **12. Taxation**
RCCG Rivers of Joy Dagenham is a registered charity and is eligible for the exemptions from taxation available to charities on their charitable activities No charge to taxation therefore arises.
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