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2021-03-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD

HOUSE OF JOY FOR ALL NATIONS

THE REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF JOY FOR ALL NATIONS

TRUSTEE’S ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021

1

HOUSE OF JOY FOR ALL NATIONS

THE REDEEMED CHRISTIAN CHURCH OF GOD

Page
Corporate Information 3
Board of Trustee’s Report 4
Independent Examiner’s Report 12
Statement of Financial Activities 13
Statement of Financial Position 14
Accounting Policies 15
Notes 16

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Corporate Information

Registered Charity Number: 1169669
Company Registration Number: 10016245
Principal Office: Station House 11/13 Masons Avenue,
Wealdstone, Harrow, Middlesex,
HA3 5AH
Board of Trustees: Mr Olayemi Sobowale (Chairman)
Mr Joseph Oluwatosin
Mrs Olusola Aina (Secretary/Treasurer)
Pastor Patrick Tolani
Bankers: Barclays Bank

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Board of Trustee’s Report

1.0 Introduction

The trustees submit their annual report and the financial statements of The Redeemed Christian Church of God House of Joy for all Nations (HOJFAN) for the year ending 31 March 2021. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

1.1 Public Benefit Statement

The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".

1.2 Structure, Governance and Management

Status

The charity was constituted under a trust deed dated 19th February 2016 and is registered in England and Wales with charity number 1169669.

Appointment or Election of Trustees

Trustees are appointed and or co-opted under the terms of the trust deed.

Policies Adopted for the Induction and Training of New Trustee's

The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other trustees, followed by short meetings with the Parish pastor on the powers and responsibilities of the trustees.

Organisational Structure and Decision Making

The charity is organised so that the trustees meet regularly to manage its affairs. The Parish pastor manages the day to day administration of the church.

Related Party Relationships

HOJFAN is a parish of The Redeemed Christian Church of God which has parishes all over the world. The parish's relationship with other parishes is governed by an 'Agreement for Common Purposes'.

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Board of Trustee’s Report

1.3 Objectives and Activities

The principal object is the advancement of Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objectives, the church adopted the following strategies:

This current financial year, HOJFAN continues to play a vital role in the Borough of Harrow, representing the Christian Faith and delivering high quality teachings and services in the advancement of the Christian Faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust Deed.

The financial year under review fell in the COVID-19 pandemic period as a result of which the legitimate activities of the church, like many other organisations, could not hold. The lockdown restricted movements and social gathering in an unprecedented manner and the church has to comply to all the protocols put in place by the government.

The trustees have considered the guidance produced by the Charity Commission on the provision of public benefit and they confirm that public benefit has been provided to the extent permitted by the COVID -19 Pandemic. The avenues listed below which were used to benefit the public have been greatly hindered by COVID-19:

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Board of Trustee’s Report

1.4 Achievements and Performance

The church has been engaged in various activities detailed below in pursuance of our charity objectives and public benefit:

– April July 2020

All the previous activities that would normally hold such as Retreat, Ministers’ Conference and meetings could not hold due to COVID-19.

Ordained Minister’s Conference:

Did not hold due to the pandemic.

All Pastors in the Midlands province / Zonal conference & meetings:

All pastors’ meeting within the Midlands to share ideas, network with one another as well as encourage

and share vision of how to move the work of the Province and Zone forward. This was held virtually.

Annual Good Friday Walk of Witness:

As members of the Churches Together in Wealdstone (CTW); we were part of the Churches Together Good Friday walk of witness. All the different denominations in Wealdstone marched together as a witness to the death and resurrection of Jesus Christ. Held virtually.

Annual Father’s Day celebration:

A time to celebrate all men – especially fathers. Men are appreciated for their fatherly role in society. They are celebrated and thanked for the tremendous positive influence they are to their family, the church

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Board of Trustee’s Report

community and society at large. Held virtually.

House of Joy Women of substance Annual Retreat : a time for women to network and share ideas. It was a time when information on how to live healthy physically, emotionally, spiritually whilst carrying out our roles as women, wives, mothers, career, support for our local churches and other charity work. It was a time to learn how to navigate the various roles we play and to do all these successfully without burning out. Did not hold.

Festival of Life:

An annual event that aims to bring together people from across the country with the hope of bringing about spiritual awakening in our churches and communities through prayer, music, drama and teaching from leaders in the Christian faith with our General Overseer, Pastor E.A. Adeboye ministering to advance the Christian faith.

HOJFAN Annual General Meeting:

The AGM holds annually where church members are presented with the income and expenditure of the church. They are celebrated and appreciated for their contributions both financially and physically to the vision. Information is disseminated on various aspects of the church work and volunteering is encouraged. The forum is also used to update members on the progress achieved during the period under review.

August – November 2020

17th Year Anniversary: The church celebrated her 17th year anniversary: it was a time to appreciate God for His faithfulness for all these years. It was a time where pastors came to celebrate, workers and members gave thanks to God for all He did for them in the past 17 years. It was also a means for evangelism when non-members and the public were invited.

December 2020

Annual Christmas Activities:

Christmas Cheer: The Church supported this annual programme, a form of community outreach designed to bring joy, hope and encouragement to commuters at Harrow-on-the-Hill Station. Early morning tea, coffees, biscuits, cakes etc were served free to commuters as they made their way to work in the spirit of Christmas. This did not hold due to the Covid-19 pandemic.

January - March 2021

Shout for Joy a praise and worship session:

where we come to give glory to God. A time of great joy and pure praise. As we praise, people receive their healing emotionally, physically and we all went home rejoicing. Did not hold for the reason given before.

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Board of Trustee’s Report

Annual Mother’s Day celebrations:

it is a time to appreciate and celebrate all the women especially mothers. We showed our love for them and thanked them for the various roles they play in their families and society. We thanked them for being pillars in the church and their tremendous contributions to the welfare of all. We pray that Lord bless all our mothers and keep them strong and healthy till old age. Held hybrid at low key.

Training and Development:

A key part of the Church’s vocation is spreading the Good News of hope to many and equipping ministers and teachers of the Gospel of Jesus Christ. To this extent, the Church continues to maintain and improve the quality of her teachings and has also sponsored many people for external trainings to develop and improve their talents and skills.

These have contributed immensely to the spiritual growth of many, positive changes in the Church, at home, school and in the community. Held hybrid .

Regular Activities

Monthly Activities throughout the year

Monthly Prayer Vigils

Monthly prayer vigils continue to be held for the spiritual health and wellbeing of the church. People of all ages are taught the act of praying. They are given opportunities for pulpit ministry and they learn how to live a practical Christian life that demonstrates the power of the Holy Ghost. Held hybrid.

1.5 Grant Making Policy

The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG Programmes. The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

1.6 Risk Management

The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity and are satisfied the systems are in place to mitigate our exposures to the major risks.

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Board of Trustee’s Report

1.7 Financial Review

The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed. This is believed would further aid the ability of the charity to fulfil her charitable objects and benefits the community.

Funding has been provided mainly through tithes and offerings by church members and through gift aid. During the year donations were made towards the church building fund. The donations were treated as designated fund and had been spent towards the project for which it was donated.

During the year to 31 March 2021, the church had total income of £175,128. This included the amount of £47,293 in backdated gift aid claims. At the year end, the level of reserves available for the charity’s use (i.e. unrestricted funds and not represented by fixed assets) was £181,562. Total operating charitable expenditure was £86,624 giving an operating surplus of £88,504.

The Charity’s principal funding sources are the individuals who attend the church services and partner with the ministry via monthly donations.

1.8 Investment & Reserve Policy

The trustees have decided that at present, funds should be retained in banks and building societies, and as far as possible in interest bearing accounts.

The trustees' policy is to have unrestricted and uncommitted funds (cash free reserves) of £22, 500 — £45,000 to cover 3 to 6 months of resources expended. They feel that this would enable the current activities to continue if there is a significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The present cash free reserve of £22,500 is within the policy range.

1.9 Volunteers

The church is grateful for the unstinting efforts of its volunteers who are involved in providing services for the charity. It is estimated that over 3360 hours are provided by volunteers during the year. If this is conservatively valued at £8.72 per hour, the volunteer's effort will amount to over £27,600.

2.0 Future Outlook

Our future plans include: -

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Board of Trustee’s Report

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Board of Trustee’s Report

Trustees’ Responsibilities

The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the net income or expenditure of the charity for the year. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.

This report was approved by the Board of Trustees on 05 November 2021 and signed on their behalf by:

Full Name: Mr Olayemi Sobowale

Signature:

Position: Chairman

Date: 05 November 2021

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Independent Examiner’s Report

Report to the trustees/members of: The Redeemed Christian Church of God, House of Joy for All

Nations On accounts for the year ended: 31st March 2021 Charity No: 1169669

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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with 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 the 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 statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

Date: 05 November 2021

Name: Tobi Labeodan, for and on behalf Chedders Ltd

Relevant professional qualification(s) or body (if any): ACCA

Address: Ground Floor, Synium House, r/o 94-96 High Street, Henley in Arden B95 5FY

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Statement of Financial Activities: Year Ended 31st March 2021

Notes
Income:
Donations and legacies
1
Other income (Grants)
1
Total Income
Total Income
Expenditures on:
Charitable Activities
2
Other Charitable Activities
2
Other Costs
2
Total Expenditures
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Gains/(losses) on investment assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward at 1 April 2020
Total funds carried forward at 31 March 2021		 2021
2021
2021
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
96,252
-
96,252
78,876
-
78,876
175,128
-
175,128
175,128
-
175,128
76,556
-
76,556
7,438
-
7,438
2,630
-
2,630
86,624
-
86,624
88,504
-
88,504
-
-
88,504
-
88,504
109,813
-
109,813
198,317
-
198,317		 2020
2020
2020
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
47,202
-
47,202
7,835
-
7,835
55,037
-
55,037
55,037
-
55,037
69,143
-
69,143
10,686
-
10,686
870
-
870
80,698
-
80,698
(25,661)
-
(25,661)
-
-
(25,661)
-
(25,661)
135,475
-
135,475
109,813
-
109,813

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Statement of Financial Position: Year Ended 31st March 2021

Notes
Fixed Asset
Tangible assets
3
Total Fixed Asset
Current Assets
Loans & Advances
Accrued Income
Cash at bank and in hand
Other Debtors
Total Current Assets
Creditors: amounts falling due within one year
Other Creditors
Other Current Liabilities
Total Creditors: amounts falling due within one year
Net current assets (liabilities)
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Other Non-Current Liabilities
Total Creditors: amounts falling due after more than one
year
Total net assets (liabilities)
The funds of the charity:
Restricted Reserve
General reserves
Surplus/(Deficit) for the year
Total charity funds		 2021
£
3,116
3,116
-
23,988
181,562
205,550
-
10,349
10,398
195,201
198,317
-
-
198,317
109,813
88,504
198,317		 2020
£
-
-
-
15,600
98,448
114,048
-
4,235
4,235
109,813
109,813
-
-
109,813
135,475
(25,662)
109,813

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Accounting Policies

Scope and Basis of the Financial Statements

The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities published in March 2005.

Income

Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.

Expenses

Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fixed assets

Fixed assets with an individual purchase of £500 or more are capitalised and stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

Fixtures and fittings 25%
Equipment 25%
Vehicles 25%

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Notes

1.
Income
Income
Donations and legacies
Total donations & legacies
Other Income Sources
Gift Aid Receipts
Other income
Total Income
Total Income
2.
Expenditures
Charitable Activities
Premises
Utilities
Travel
Motoring & Transportation
Insurance
Administration
Advertising
Operations
Professional fees and services
Finance Charges
Depreciation
Honorarium
Total Charitable Activities
Other Charitable Activities
Outreach
Central Office
Welfare & Benevolence
Charitable Donations
Total Other Charitable Activities
Other Costs
Legal fees
Accountancy fees
Total Other Costs		 2021
£
96,252
96,252
55,681
23,195
78,876
175,128		 2020
£
47,202
47,202
7,800
35
7,835
55,037
2021 2020
£
20,015
2,478
-
-
-
50,290
227
2,933
-
-
613
-		 £
26,746
2,631
3,059
225
1,558
31,297
289
2,431
525
52
-
330
76,556 69,143
250
6,437
-
751
500
9,419
-
767
7,438 10,686
-
2,630
-
870
2,630 870

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Notes

3. Prior Year adjustments

There are no adjustments to brought forward balances this period.

4. Related Party Transactions

During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 3 under Central Office and Charitable Giving.

5. Trustee Remuneration & Expenses

During the year, there were not payments or reimbursement of expenses to trustee members.

6. Staff cost, living accommodation and numbers

Wages and salaries
Social security
costs
Living Accommodation		 2021
£
49,300
-
-
49,300		 2020
£
27,579
-
-
27,579

No employee received remuneration amounting to more than £60,000 in the year

Average number of staff

Pastoral
Admin		 2021
1
2
3		 2020
1
-
1

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