Charlty Reglslrafvon No. 1169652 Company Incorporatlon No. 09794113 THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM Report & Flnanclal Slatemenl For Year Ended 30 Aprfl 2022 THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM YEAR ENDED 30 APRIL 2022 REPORT AND FINANCIAL STATEMENTS NTEN PAG REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENT 10-14 THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM GENERAL INFORMATION BOARD MEMBERS. OFFICERS. ADVISERS AND BANKERS General Overseer Paslor E A Adeboye Trustees The trustees who served during Ihis period are as follow: Mr Abimbola Adeloye Mr Oluyomi Oyewole Osibanjo Mr Lawrence Olubunmi Fajembola Chlef Operaffng Offlcer/Senlor Pastor Mr Olayemi T. Hassan Reglstered Addr•ss Ripple Centre 121-125 Ripple Road Barking Essex IGI17FN Worshlp Address Sl John The Divine Church 522 Goresbrook Road Dagenham Essex RM9 4XA Bankers Accountants Do-silva and Associales Ltd 14 Fann Close Dagenham Essex RM109TX Borclays Bonk PIC Epsom Surrey KT19 statutory Regisfrallon Company Registration Number." 09794113 strahjt￿ Registratlon Chotity Commission Regisltation Charity Number. 1169652 THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") RIVERS OF JOY. DAGENHAM YEAR ENDED 30 APRIL 2022 REPORT OF THE TRU5TEES~ (CONnNUED) The Trustees who are also DirecloT5 for the purposes of Company law present their report along with the financial stalement of the charity for the year ended 30th April 2021. The financial statements have been prepared bosed on the accounting policies set out in the notes. The financial statemenfs comply with the Chorily Act 2011, charity's governing document. applicoble 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 Act12CX)61. STRUCTURE GOVERNANCE AND MANAGEMENT The Redeemed Christian Church of God {RCCG) Rivers of Joy Dogenham registered charity (number 11696521 and Company Limited by guarantee 1097941131 and it is govemed by its Article of Association. Organlzatlon and SINclur• The management of this Charity is the responsibility of the Board of Trustees. Who have been CO￿pted for Iheir skills and experience in church leadership. Trustees are required to ottend induction ond annual training in order to keep up lo date. The doy to day running of the Charity is the responsibility of the Senior Pastor. who is also the Charity's Chief Operoling Officer. He is a55lSted by a Council of ministers. whom he delegate5 responsibilities too regulady. They meet occasionally in the year lo review the octivities of the church and to make decisions on all crucial matters. Giant Maklng Polky The Church in accordonce with the agreement of common purposes signed with RCCG UK are expected to make a monthly contribution toward5 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 wa5 recorded. THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") RIVERS OF JOY, DAGENHAM YEAR ENDED 30 APRIL 2022 REPORT OF THE TRUSTEES- (CONTINUED) Reserve Pollcy It is the policy of the Charity to relain reserves al o level enough fo cover regular operational costs and Ihe remainder of the reserve is expended on the objectives of the charity or retained for future plans. Rlsk Management The trustees have o risk management strategy which comprises: An annual review of the principal risks and uncertainties that the charity face The establishment of policies, systems, and procedures to mitigate those risks identified in the annual review. Strategic ond operational plans and on annual budget. and progress reporting against plans and budget The implementotion of procedures designed to minimize or manage ony potentiol impact on the charity should those risks maleriolize. Flnanclal Revlew The Charity's financial slalement for the year ended 30 April 2022 shows a surplus of £10.96312021: £8,077 Surplus). All funds ore vnrestricted funds with a balance on 30th April 2023 of £3,98512021". £4.092 deficil). Volunleers The Charity is very grateful for the immeosurable contribution of the time and effort from oll our volunteers the year being reviewed. Publlc 8enefft RCCG Rivers of Joy Dogenham ensure that all rts activities are planned and designed for the benefit of Ihe public and in line with Charity's objects of advancement of Christian foith ond the relief of poverty. The boord of truslees ensures church take account of the Charity commission's guideline on public benefits in their planning and decision making. h1¥4 M l&yI Ili• Voiy l(?Ip wli•llioi c4Ji CA)￿. Af • 4Jwilvv4 Solli iWnrJ li itr li•¢ 11¢ Tr 4 li iv tticJlt¥lfJl fJvf)¢yliJr. 14 rfjl 51 ?iir Jlrb Ir i i )fe>iJrYw: l+ wjt it i•J It'.r.t f.¢Jrrfriw Iho liiJ3lpA3 IIcJ%l•r? I t orlliyl. lif ￿jr1e>Jl rJltrw4vf•&_ Sl'i• iesi)unsiLl¢• loi ke4￿n(j fJff)pw ge.r ounlffYJ i*" 'JFty. I￿11•* Oy3=r_*. •V*'*t rThi%4ThiiQble O¢cworY ul rjriy Iwno tlity trIor￿1* p'J>rt{rJfi "J., 1* •fkXXp5 them lo ensiNv• Ilial F￿￿r￿_￿)I &lrJt4yryw#r. ch￿1•$ Ac I l. We uré fjlso tesr)orisitJi&- Icr. ￿)I￿1)UrTjffil Ir* otX¥ lor takino ieasonable ilev. Ifm tr¥2 Yi= . . *¥xKI otiiw KTegiAaritiei. f•p¢y* w05 apFYoved by Ihe bocyd ol T1￿#￿e• Q. ....-. . .... Independent Examlnefs Rewl lo In￿ee$ ol THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM We report on Jhe accounls of the Redeemed ChrTrstion Ch(Kch of God fRCCGI- Rivets of Joy Oagenham for the yeor ended 3)Ih Awl 2)a which (Tr Sel ryjt on poges 7 10 14. The Irusloes Iwho ￿e Ihe (fireclory oflhe comKxmy lor Ihe purK)ow of coms)ony fowl ore re5pon5ible lor the prepoTation ot the occounts. The trustees consider Ihot on oudil is nol r8qvired toi Ihis year Under sectK)n 144121 ol Ihe ch￿tieS Act I Ilhe Wl l Acll ond that on ind8p8ndenl examinolion 15 needed. Hovlng 5atSsfled mysell that Ihts chcxfty ￿ not wtr4ect lo ovtht ￿K18[ company l(tr and is ellgTrbe for Sndepgndent 6xominatlon, It is my 185ponsibifjty to= examine Ihe accounl under (section 145 of Ihe l Acl,. to following Ihe yocedures loid down in Ihe general Direcllon5 E4v•n by th• Charity Commlssion vnder section 14515llbl of Ihe ￿7 l Act.. orKI to slale whelhtrr tx)rticvl(¥ rrKJtlers hove corne to my (Jttention My exomlnolion wos carried ¢)ut in accordcmce wllh the Ggr*rol Dtrectlons gIvs>n by the Chorfty Comm1$51on. An exominolion inc￿deS o revlew ol Ihe accounting rec￿d5 kept by Ihe Ch￿ty ond o compc￿$0￿ ol th8 occovnts rxesented wlh I￿)se records. It also Fncludes consideration ol ony unv5voI iltms or disclosLff85 tn the accounts. ond seeking 8y)bnolions from the hjslees conceming ony such mottW5. Ihe procedlves vrbdartaken do not provide oll Ihe ovid8nce Ihol would be fequlred in an Ou￿11 and conse¢wenlty no opnion 15 given 0$ lo whethtrr the aceounts present o Irue ond fair v4ew on(1 thWes)￿l is &milo(I to ￿58 mollws set ovl In Ihe stater￿1 b￿0w. In conneetlon ￿1h my •x(Yninolk)n, no motter hos come lo rny oltènllon.. 111 which gives mo re0sona￿e cause to believe Ihol, in any moleriol ¥espect Ihe reqvirements- lo k&•p accounting records in occwd(mce %*71h seclion 386 01 the Comwnies Acl XX)6,' and lo prepcxe accounls which occord wilh Ihe accounling record5. compty wlh Ihe oceoijnling reouirgment5 OF Ihe section 386 of Ihe Comp¢Jnies Act 2X)6 ond wllh the Meir￿d5 and ￿nCipleS of the 5totement ol ReconNnemd&d Proctice.. Accounting and Repollng by Ch￿tIeS 121 to whlch. in rny opinlon. ollenllon Sho￿ be In ￿ to enc*￿0 a kYope¥ underslaThJlng of the accounls lo be reoche(l. Mrs Ek•n Do-S*4o FCCA MBA BA Dtysilvo ondAssLKiot•s Lld 14 Form Close Dagenham Essex RMIQ 91X THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 30 APRIL 2022 2022 2021 Notes Unreslrlcted Fvnd Unrestricted Fund Income and endowmenl from: Donations and legacies 114,2CK) 65.428 114.200 65,428 EXPENDITURE Charltoble expendlture: Grants and donation Charitable services Support costs Management and administration Total Expendlture 2,520 45,247 11,135 44.335 120 13,136 8,992 35,102 103.237 57,351 Net Income/(Expensesl Reconciliation of funds: Total Funds brought fotword 10.963 8,077 3,985 {4.0921 3.985 14.948 THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM BALANCE SHEET AS AT 30 APRIL 2022 2022 2021 Noles Flxed ossets Tangible fixed assets 1.967 2,951 Cvrrenl assels Debtors Cash af bank 13,555 226 13.555 613 13,781 14,168 Credltors: amount falllng due wlthln one year 18CQI {13,1341 Net current assels 12.981 1 ,034 Total as$els less currenl IlabllHles 14.948 3,985 Income Fund$ Unrestricted Funds- General Funds io 14.948 3,985 - ￿￿.￿1)rIS 9*•• trLV View ol the stole ot oH¢>5 Ot as ut Th •no weu i>*J of il s aef£rt Iwstee THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2022 l. Accountlng pollcy The principal acC￿ntIng policies. oll of which have been applied consistently Ihroughoul the year, are set out below: Scope ond basls of the flnunclal statements a) Conventlon These finonciol slotements have been prepored in acc¢ydance wth the ￿nanCIal Reporting Stondard appficable in the UK ond Rewblic of Irelond IFRS 1021 (effective l January 20151. The Charity is o public benefit entity for the purposes of FRS 102 and therefore h05 also prepared the financial 5tolements in accordance with Ihe statement of Recommended Practice apFJicoble to charilies prepaiing their occounls in accordance wth the￿nan￿OI Reporting Standard opplicable in the UK ond Republic of Ireland (The FRS 102 Charilies SORPI and Ihecompony Act X¥)6 ond Charities Act Xsl l. b) Donatlons & Legacles Voluntary income is received by woy of donotions. legacies and gifts and is included in full in the slatement of finonciol activities when receivable. Volunteer lime Is nol included in the financial stalements. c) Grants and Commlssloned Servlces Income recognltton Income from grants and commissioned Services rs recognised in fvjll in the statement of financial activities in the year in which the income is recelvable d) Rental Income recognlffon Renlol income is included in full in the stotement of financial activities when receivable. Contractual and fee income is recognised in the financial stalement5 to the extent thal entitlement hod been ecxned al Ihe year end through performance of the contract. 10 THE REDEEMED CHRisnAN CHIIRCH OF GOD RIVERS OF JOY DAGENHAAI NOTES TO ThIE FINANCIAL STAIEMENrs YEAR ENDED 30 APRIL 2022 Where uncondilionol entitlement to income receivabFe 15 dependenl vpon lulfilmenl of conditions wthin th& choritY5 control. the income 15 Tecogni5ed wh6n there is sufficient evidence thol condition5 will be mel.Where there 15 vncertoinfy a5 to whether the charify can moel such conditions the income is defejred. D Fund occounllng Generol funds ore unrestricled funds which 0￿ availoble for use ot the discretlon ol Ihe Iruslee5 in furtheiance of Ihe generol objectivas ol the porish ond which hove not been de5ignoted f¢y other PLffP05es. g ) Incomlng r•sowc All incom8 is occounled fof when the Chafity has enliffemenl to the fund5. the amount can be quantified ond Ihere 15 certointy of receipt. h) R•soiYc•s •xpended All expendilvre is accounted lor on ocuuol boys and h05 been included under expens6 colegories tha* aggregote QN costs fc¥ ollocolion lo activities. Where costs connot be direclty ollributed lo porticulor activities they hove beenallocated on a bosi5 consislenl N•thh the use of the resovrces. Gronl poyoble ore charged in the year when the oller 15 mode except in those cases whefe the offer is conditional, such gronts being recognised os expendilure when the condition5 attoched ore Ivlfilled. Gronls ollered svbjecl to conditions which hav8 not been mel ot the year end are noted os a commitment, bul not accrved 0$ eXpendit￿e. 11 Cash Ilow The financial stolements do nol include o cash flow 51alemenl because tha church. 0$ 0 small reporting enlity. is exempl fvom Ihe requiremenl to prepare such a slalemenl under the financkll Rew1Fng Slondord for Smoller Entities leffeelive June 2CQ21. l) TOng1b￿ fixed o5sets and depreelallon All assets costing more than ore copilalised. Tangible fixed ossels ore stotèd ot cost and dePrec￿led on a 5tr0ight line basi$ over their use￿1 economic liveg as lollows= Fumiture & Fitlings Offic6/Church Equipment 25% 11 THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM NOTES TO THE FINANCIAL STATEMENTS (C¢)ntd) YEAR ENDED 30 APRII 2022 Unrestrfcled Fund Unreslricled Fund 2. Income from Acllvllles In lurlh•ranc• ol Charftoble Objects Tithe5 ancj olfering Thanksgiving Gift Aid Gronts received 82.741 46.315 230 8,169 10,714 12.331 19.128 114.200 65,428 3 Grants ond DonoNom Olher Grants & Donations 2.5￿) 1520 120 4. Cosl of Aclfvltl•s lof Chathoble ObJ•cllv• Rent WellarelHardship Grant Music inslrumentlistslTraining Honororiumlministerial Expenses Seminars. Conferences & Even15 Costs 15,1)e 1.470 9,960 2.070 16,667 6,774 850 4.1 1.062 45.247 13.136 S. Support Cost Insurance Deprecialion Telephone Expenses Printing. Slalionery & Postage Equipment Repoits & Renewols Bonk Charges Transportation Costs Other cost 1.665 1.694 1.453 727 760 2,624 3.012 670 11.135 8,992 12 THE REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 30 APRIL 2022 2021 6. Manogement and Admlnl¥lratton Legal, Professional and Consultoncy staff Remuneralion Social Security Costs HousinglAccommodation 1,147 15.980 767 17,208 20.815 21.532 35,102 Fvmllur• & Church Flmlngs Eq￿prn•nts Cost AI 01105121 Additions Disposal AI 30/04122 16.364 19,1)86 35.450 16.364 19.086 35.450 At01105121 16,364 16.135 Depreciolion Ihe year 32.499 984 At 30104122 16.364 17.119 At 30104122 1.967 1.967 At 30104121 2.951 2,951 2022 2021 8. Doblor4 other debtors 13.555 13.555 13,555 13,555 13 THE REDeEMED CHItISTIAN CHURCH OF GOD RIVERS OF JOY DAGENHAM NOTES TO THE FINANCIAL STATEMENTS (Cofttd) YEAR ENDED 30 APRIL 2022 2021 9. Cr•dltr¢ Accovntanls Fees Loan from Member5 Slaff c051 4,270 8,064 13.134 10. Movem•nl ITr luTh¢h Unrealrfd•d Fun Unresfricted Funds Unr•slrlcl•d Funth Opening bolonce Tolal Income Totol Expenses 3.985 114.xo 1103.2371 14.0921 65,428 157,3511 Closlng boknnc• 14.948 3,985 I l. Yrvsle• Emoluments No remunerotion or expenses were paid lo Ihe Tnjstee during the year. 12. Taxallon RCCG Rivers ol Joy Dogenhom is o registered chority and is eligible for the exemptions trom taxotion ovoli able to chorilies on Iheir choriloble activities No chafge to loxotion therelore arises. 14