Registered Charity Number 1169667
Report of the Trustees and Unaudited Financial Statements For The Year Ended 30th June, 2021
Redeemed Christian Church of God
Impact Centre Bicester
Redeemed Christian Church of God Impact Centre Bicester Report Of The Trustees For The Year Ended 30th June, 2021
REFERENCE AND ADMINISTRATIVE DETAILS Charity Number:1169667
Chairman:
Mr Bolaji Jegede
Principal address.
167 Avocet Way Bicester, Oxfordshire OX26 6YW
Trustees
Mrs Oluwabukola James-Adeyemi Mr Bolaji Jegede Mr Kehinde Odunaike
Independent Examiner
Paperchase Taxation 22b Sydenham Road Sydenham, London SE26 5QW
Bankers
HSBC Bicester
Redeemed Christian Church of God Impact Centre Bicester Contents of The Financial Statements For The Year Ended 30th June, 2021
| Page | |
|---|---|
| Report of The Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 - 6 |
| Detailed Statement of Financial Activities | 7 |
Redeemed Christian Church of God Report of the Trustees and Unaudited Financial Statements For The Year Ended 30th June, 2021
The trustees present their report with the financial statements of the charity for the year ended 30th June, 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities' issued in July 2014.
STRUCTURE GOVERNANCE AND MANAGEMENT
Description of the charity’s trusts
Governing document: Trust deed The charity is a trust Trustee selection is by appointment
OBJECTIVES AND ACTIVITIES
The Charity’s objects are:
The advancement of the Christian Faith
The relief of poverty
The main activity of the charity is the establishment and maintenance of worship centres to enable the members of the public to participate in Christian worship. Making grants and donations to the needy.
ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT
The church continues to grow numerically, serving and ministering to the needs of its members and the community. Refurbishment and decorative work continues in the worship hall. We continued with vigorous evangelism and there is a significant increase in the number of worshippers. There were various programmes during the year aimed at the spiritual development and growth of the members.
RISK MANAGEMENT
The Trustees have conducted a review of the major risks which the Charity is exposed. A risk register has been established which identifies the major risks by area of activity, the nature of those risks, the likelihood of the risks happening and the measure taken to manage them. The Trustees review the risk register regularly at their meetings and are satisfied that systems are in place to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the Charity are kept under review. Appropriate Disclosure & Barring Service check (DBS) training undertaken and, supported by regularly reviewed policies are done for all those who work with children or other vulnerable groups with the Charity.
The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees
5th Oct 2021
Approved by order of the board of trustees on …………………………………………..and signed on its behalf by:
.......................................................
Mr Bolaji Jegede For Trustees
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Redeemed Christian Church of God Impact Centre Bicester 30th June, 2021
Independent Examiner's Report
To the Trustees
I report on the accounts for the year ended 30th June, 2021 set out on pages five to ten.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. The charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
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 presented 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 a '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 which accord with the accounting records and to comply with the accounting requirements of the 2011 Act 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.
Abiodun A Adeboyejo (FCCA,ACA,FAIA) Accountants 22b Sydenham Road London. SE26 5QW
15/10/2021 Date................................................
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Redeemed Christian Church of God Impact Centre Bicester Statement of Financial Activities For the year ended 30th June, 2021
| Notes Income Resources Incoming Resources From Generated Funds Voluntary Income 2 Gifts Other Income Bank interest received Total Income Resources Resources Expended Charitable Activities Physical & Spiritual Need Governance Costs 3 Total Resources Expended NET INCOMING RESOURCES RECONCILATION OF FUNDS Total Funds Balances b/fwd Total Funds Balances c/fwd |
Notes | Unrestricted £ 27,939 8,800 2 36,741 44,012 750 44,762 (8,021) - 8,154 133 |
Restricted £ - - - - - - - |
2021 2020 Total Total Fund Fund £ £ 27,939 36,835 - 5,801 8,800 2 36,741 42,636 44,012 39,595 750 750 44,762 40,345 (8,021) 2,291 8,154 5,863 133 8,154 |
|---|---|---|---|---|
| - |
The Notes Form Part of These Financial Statements
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Redeemed Christian Church of God
Impact Centre Bicester
Balance Sheet
as at 30 June 2021
| Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts Falling Due within one Year 6 Amounts Falling Due after one Year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Unrestricted Funds 8 Unrestricted Funds TOTAL FUNDS |
Unrestricted Funds Restricted Funds 1,208 38,086 5,687 40,000 32,399 33,607 33,607 |
2021 2020 Total Funds Total Funds £ £ 1,208 1,510 38,086 5,554 5,687 5,436 40,000 (7,601) 118 (6,393) 1,628 (6,393) 1,628 (6,393) 1,628 (6,393) 1,628 |
|---|---|---|
5th Oct 2021 The financial statements were approved by the Board of Trustees on.........................g by:Bolaji Jegede
Approved by Board of Trustees
The Notes Form Part of These Financial Statements
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Redeemed Christian Church of God Impact Centre Bicester Notes to the Financial Statementss for the year ended 30 June 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 January 2015), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (issued July 2014)
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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
1 VOLUNTARY INCOME
| Tithes, Offering & Thanksgiving Gifts Aid Other Income Interest Receivable 3 GOVERNANCE COSTS Accountancy |
2021 2020 £ £ 27,939 36,835 - 5,801 8,800 2 - 36,741 42,636 2021 2020 750 750 - |
|---|---|
5
Redeemed Christian Church of God Impact Centre Bicester Notes to the Financial Statementss for the year ended 30 June 2021
4 Tangible fixed assets
| Land and buildings Plant and machinery etc £ £ Cost At 1 July 2020 5,121 830 At 30 June 2021 5,121 830 Depreciation At 1 July 2020 3,931 510 Charge for the year 238 64 At 30 June 2021 4,169 574 Net book value At 30 June 2021 952 256 At 30 June 2020 1,190 320 5 Creditors: amounts falling due within one year Trade Creditors Accruals - Accounts 6 Creditors: amounts falling due after one year Bank loans 8 Movement in Funds At 01 07 20 £ Unrestrictedfunds 1,628 TOTAL FUNDS 1,628 Net movement in funds, included in the above are as follows: Incoming Resources £ Unrestricted funds General fund 36,741 Total Fund 36,741 |
Motor vehicles Total £ £ 2,170 8,121 2,170 8,121 2,170 6,611 - 302 2,170 6,913 - 1,208 - 1,510 2021 2020 £ £ 4,937 5,436 750 - 5,687 5,436 2021 2020 £ £ 40,000 - Net Movement In Funds At 30 06 21 £ £ (8,021) (6,393) (8,021) (6,393) Resources Expended nt in Funds £ £ 44,762 (8,021) 44,762 (8,021) |
|---|---|
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Redeemed Christian Church of God Impact Centre Bicester Detailed Statement Of Financial Activities For The Year Ended 30th June, 2021
| INCOMING RESOURCES Tithes & Offering Gifts Aid Other income Interest Receivable Total Incoming Resources RESOURCES EXPENDED Pastoral allowances Donations & Gifts Honorarium & Volunteer WEM Travelling and subsistence Printing, postage & stationery Evangelical/outreach materials Church expenses Members' welfare and training Governance Costs Accountancy fees Support Costs Management Rent & rates Light & heat Bank charges Insurance Telephone & fax Repairs & maintenance Software Cleaning Motor expenses Advertising Equipment Hire Service Charges - Security Depreciation charge TOTAL RESOURCES EXPENDED NET INCOME |
2021 2020 Unrestricted Restricted Total Fund Total £ £ £ £ 27,939.00 27,939.00 36,835.00 - 5,801.00 8,800.00 8,800.00 2.00 2.00 |
|---|---|
| 36,741.00 - 36,741.00 42,636.00 |
|
| 1,200.00 1,200.00 1,200.00 259.00 259.00 280.00 - - 300.00 4,211.00 4,211.00 4,135.00 102.00 102.00 731.00 701.00 701.00 200.00 8,154.00 8,154.00 1,315.00 1,413.00 1,413.00 6,174.00 800.00 800.00 1,687.00 |
|
| 16,840.00 - 16,840.00 16,022.00 |
|
| 750.00 750.00 750.00 |
|
| 750.00 - 750.00 750.00 |
|
| 17,679.00 17,679.00 14,000.00 5,310.00 5,310.00 7,691.00 15.00 15.00 96.00 303.00 303.00 358.00 358.00 375.00 74.00 74.00 75.00 1,515.00 1,515.00 - 952.00 952.00 - 59.00 59.00 448.00 61.00 61.00 544.00 544.00 377.00 - - 134.00 302.00 302.00 377.00 |
|
| 27,172.00 - 27,172.00 23,573.00 |
|
| 44,762.00 - 44,762.00 40,345.00 |
|
| 8,021.00 - - 8,021.00 - 2,291.00 |
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