THÉ REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAMI TRUSTEES. REPORT AND ACCOUNTS YEAR ENDED 31ST MARCH 2021 CHARITY REGISTrATIOII NO: 1171320 c￿ COMPAKY NO: 09872320 THE REDEEMED CHRISTIAN CHURCH OF GOD EhlBASSY OF FAtTH F114ANCIAL STATEMENTS YEAR EMDEO 31ST I1￿CH 2021 coKrENrs PAGE LEGAL AND ADMINISTRATIVE INFORMATION REPORT OF THE TRUSTEES REPORT OF ThE INDEPENDENT EXAMINERS STATEMENTS OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINMICIAL STATEPAENTS 12 INCOME AND EX￿NDITURE 13 THE REDEEMED CHRISTIAN CHURCH (* GOD EMBASSY OF FAITII LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST M￿CH 2021 CHARITY REGISTRATrON NUMBER: 1171320 REGISTERED OFFICE.. 67 Ctrwisl Chwch Abwu RIA13 &JA TRUSTEES: O￿kUnle Onlfade (Chalrl O*JfiJnke S(xthre AccOUNTA￿r N7 9L)Q THE REDEEMEO CHRISTIAN CHURCH OF GOD EPJJBASSY OF F￿Th REPORT OF THE TRUSTEES ENDED 31ST MARCH X121 The truste85 present their r8r*M the finan(a* stalerwts of thè L*arity f¢x the ￿ ended 31st March 2021. The trustees ha¥* &lopted ￿ provtsths ol the of Rec(xnThrthJ Pr•*0 {SoRP).AwJ￿ts"rKJ and Rwbng by Char[t￿. Issued In March 2￿5. REFERENCE AND *X>MINISTRATIVE DETAILS Regist•r•d Charlty nurrtw: 11T133) R•gl8t•r•d add￿$ 67 Christ Churth Avenu R8inh8m E$$&x RM13 8JA Tru•te•8 I?￿￿nI• Onlfade OILrfunke Sonibère S8mud Obaretl STrUCTURE. GOVERNANCE AJ4D PAAMAGEM Govemlng docum•nl rhe charity 13 controlled ty ts mèrtkxandum arKI arth , oMtityle3 an Inc¥ypmted eompany. The Ch￿￿h w86 lorm8d on the 18th Novemb8r 2007 regislor8d ¥ a CIO on 131h Nov•mbw 2015. It 1$ m8nag6d by 8 1)oard of trustse •sslsted by • Pa8tor. wh(> IB the Minrater Incharge. Rl•lt m•n4•m•nt The trusto&s have a dutylo idenlfy AThJ review Ihe risks to the exFK)s¥d and to thBuro OBJECTIVE8 AND ACTMTIES Th• ChwW• objeets . The advancement of The christi￿ failh 7K￿kh￿dti, ktyy*l&lg8 ¥tsJ to promote ￿ndp￿S of morality, benevc4ènee and chorfty Th• rnaln *ctMtl•* In r•latk*n to thme obJ•cts arn: Preac*iryJ tha Gospel ol JÈ5us Chrfst. - To advance educa0c￿ In accord8nce Christian prirx¥488. - Povety ￿le¥latiL￿ kKally and ovw5eas Thg Chtyrity through the trusl88s seek to enwre that all grants madB are in keeping wilh (h8 obJocis as Ls Stipulated in ¢he Goveming dOc￿n￿t arml tthe are gjch thrwh rTh)Thtorfng gnd evaluat￿ prctess. THE REDEEMED CHRISTIAN CHURCH OF GOD EMBASSY OF FAMI REPORT OF THE TRUSTEES YEAR ENDED 31ST MARCH 2021 ACHIEVEMENST A14D peRFORMANCE- ￿rIng th• 2020r21 financial Charitsbh Actl¥lll¥s The charity e￿aged in se4eral m8in in pU[￿alKS of dwrllth aim dLwlng the year urnler Teview. Th& trustees ¢onsiJer that Ihese acbvibes. 3ummartsthl bdow. wovhjed valuable trfts lo both thos8 w￿* wcnhip wilh Ihg thLtrrth arKI the c(*nmnty at larg9. Our regular s*￿CeS are on Sundays from 8:30 am to 12￿ aftgr W• *0 haw w#d￿$daY blbl• sludi&s from 7:(1)wn to 8:30 pm and c￿ FrknJ￿ prw serylc88 from 7.￿prn to 9'.CKJpm. rh8 Churth 8rKI its ov8nts were shJnrfK3nty aff8ttéd by thè Cowd-19 rests1￿. prOven￿y us fffJm running in thg rIOnn￿ w8y. The Church *so rthquished it8 pr¥mises in ALWSI 2020 and has not gaih8r¢d ￿nCe. In th& rM¥ situatth. we adlustwj by haviThJ wrt￿1 servw 8ThJ attempt to level of nomial¢y to the wi¥rarrth wov8tt chalgrqlrq ar*J l* 8n impact on ow provisiw and Income. - 21 Jnne 21YJO conler&nc8 was held diff*r8ntty frcffi years. si￿0 ts church wjld not m•8t for thfee to five days. prc#Jramm& was held as dayB Off&￿n9 and prw. It was a oitical pgrlod in Ihe tfvo8 gV8ry mèmbw. In th¢ comm￿lty, tiw nalK)n and the t•(Kld r8quired Int￿#8 aThJ c￿lInUoUS w8yor for 8oJuUon lo IKwoirrfJ pandemi¢, comfort for tho famly of ts bef•8¥￿1. Iwllngs to thè broken ￿art•d, for tho slc toth physkaly and omo*"cfj81ty. and for pèace in the k¥nes d tyjr membws and th8 soriety on 8 whola. There w8rt so many Issuos to add￿ th18 necesststld a rMc¢J ol fasliThJ and pray8r. We also, hokl K￿Y@r sossion daty￿ Y￿￿lly.. 84vry. eaty arKI a f•* nw pr•ytt*??ts. FEED THE HUNGRY I LOVE CHR18TMA8- Oetober and D•e•mber 2020 As o arg c•)mmlited to tho 8ptrllual 8rvJ sociAI translomwkn of indNkJuak$ 4rKI our i>)mmunlties In the nation. Hundr8d8 of ￿0p[e 0￿r the yews h8¥8 btngfrted from thi& xxyal welf8r• x*eme In th• reh8billtath)n of the homdess, addth 8NI olher socLg1 nwg¢reanls. The winter 2020r21 Edrtion The H￿gry this ccffitss uTrJer th& Wner of'LOVE CHRISTMAS.. ThL* tcKJk into C￿S￿leratiOn the Cov•&19 res1￿￿ the food rtamg wtrg gfven oui ag dt)n8tkn #i pa¢k$ to centres by Iifryd Welcc¥ne Centre, Salv8th* Army, NKJht Sh¢lier and other charity oKganlsalons.'To bve G￿j aThJ lo knve (xjr rwht(rtrs as 0￿￿elveS, th8r91n lies thg whc4è duty of Christlanty. '8lessed is he who gjnsidern p>Jr, the Lord wrfl delrver him Èn tirne of trwbkn,... Psalm 41.'14. We hav& and conunue io discharye a r(rfnWlYJg sen¥e to commthityt•thth Is T￿ted in Ihe love of Christ. 'He who has pty on the pc*x18ThJs to the Lord and He w￿1 pay b8(*'... Provoth 19'.17. 63 Day8 Fa•tlng & Prnyer . 11- January-14- March 2(r21 A C. Exr￿diture w88 £92.92312020: £114.2741 th8 Churcl) m*Jg a not sur￿￿8 in fill￿6 of £25.7131 2020.. £62,121). UnrtsM¢W r&s8N8s at 31st Mwch %Y21 1¥ E167.05112020.. £154.609). wNlst R05tr1cted fuThJ8 8r• £,91,4381202tr. 78.16n. 8TATEMeNT OF TRUSTEES RE8PON8IBIUTIE8 Tré trustees are resF*Jnsibl8 for tyepartNJ ts RoFxd3 wlmch &isdose wlth r8a8onoblo a¢curacy al any Ihe flnanc4al ol thè and to en#t49 th•m to •r*urn that the firw)¢1g1 slAtwMnt3 ￿m￿lY wlih tho Chanbo5 Act 2011. thé Ch81ity lknounts and Reports) kna(datknns 2W8 ar￿ the prOV￿nS of the trust dee4J. They arg alw rtspmslbla for safewarding th9 888ats of th• CW and fty tskln9 r8asonable steps for the prev•nlon and d8t•cllon of fF#t*J ar￿ othar Ir￿￿1b8& ON BEHALF OF THE 8OARD.. G8naral Meeting. ON BEHALF OF THe BOARD.. Onifad•.Tn '.&5(5Kbl d It• 201 T P43: l•n IFC¢A) Oww- IV E Zozj THE REDEEIAED CHRISTIIIN CHURCH OF GOD EMBASSY OF F*mi STATEMENT OF FINANCIIL ACTMTIES YEAR ENDED 31ST IAPRGH 2021 INCOMING RESOURCES Incomlng ￿oU￿•S fn)m gww•tsdfunds Vdunt8ry In￿ 11 RESOURCES EXPENDED CharNth ActNftss Governance Cost SUpp[￿t Cost Finance Chargery 74,748 100.486 2,019 10.300 15,300 TOTAL R&80URCE8 LYPENDED NET INCOMEftXPENDITURE FOR THE YEAR £25.713 £62,121 RECONCILIATION OF FUMDS Totsl funds brnught forw•rd TOTAL FUND CARRIED FORWAID r8c*Jgnt8•J ¥￿1 bx888 for 2021 or 2Y20 othtrth￿ inc*JdthJ n the 8tatem8nt Offth8nd￿ Th& rK*¢8 on pguo$ 7 to 10 trAm F•t ofthese ThE REDEEMED CHRISTIAM CHURCH OF GOD EMBASSY OF Fhmi YEAR EP4DED 31ST IAARCH 2021 2021 FIXED ASSErs TangibK8 assets CURREIIT A88ETS Debtors Cash al bank and In Iwxl 26,905 CREOITORS: du• wllhln on• y••r TOTAL ASSETS LESS CURRENT L￿B￿rnEs FUNDS: R￿riCted FLmds Unreslridéd Funds 10 10 79,167 167 Th& fln￿n￿￿ statgmgnts w•r• aw0¥￿1 by on...OW8.2021..... arnl wern on Its bgh81f tyy.. ¢iy•kunl• Onl1￿•- Tru•t•e Th• rK)tss on Pa￿ 9 to 12 part ofthe8e THE REDEEIIED CHRISTIAN CHURCH OF GOO EMBASSY OF F￿TH NOTES TO THE ACCOUNTS YEAR ENDEO 31ST MARCH 2021 1. AccoupillNG POLICIES Ba818 of pr¢parlng the )Inanelal st*t•monts Th8 fln8rthl stat8m8nts have been prepar8d wilh aThY R0[￿1r￿j by Charili88.' Statement of Recommended PractKe aprAK* to rwewing Iheir accounts in actxjrdance wtth Financ3al R$porting StsThYard aFV}tsb￿ In thè UK aThJ ReputrA￿ ot Ireland IFRS 1021 l•ffective l January 20151- {Charilies SORP IFRS 1021.Th• Rewtiro Sta)darf aPKAkabl8 In tha UK And R8puNk of IrthKS IFRS 1021 •KI the Cwies A¢1 2￿6. A¢rountlng con¥•ntlon The financ4818tstements b8gn wepwed underth• tifrstorKal ccBt Ihtr Chartkn knt 2011 and the r8qulr•m￿$ ol the Statement of R89>nn*nd&J Prth, and Report￿9 by Charitw¥. Ineomlng rn•ourM• l incomlrrfJ r8sowces arè Ind￿jed the Stat$m￿l of Flnandal when th& c**lty bslogalty •nI￿ad to the inc*)mè and tho an￿nI ean ba quantifiod with rea80nth acc￿raCY. Tlth•s & Oll¢rtn Incc¥n¢ from tithos aFKI offery, i& 1Th1￿1•d In Inc<¥nhJ re￿￿￿CeS when th88• arn r•¢fjfvabl Invttstmerbt Ingjwr Inv￿lment Income omlsts crf I￿1 trrtwe81 ffjce￿d thjrky aTrJ aC%￿nt￿y for a8 unrestrh*d lutNJ eXp￿di¢urQ is accountsd ts on an a¢uu* has t*en class1fi8d LrMl8r h￿￿n￿$ Ihal aggregate al cost relatod to th• categxy. costs ca￿￿t b& t11r•• aitributed to partkLthr h8adlTrJ6 thèy have been alkncaled to &tivJlies on a basis Ihe LLse of reswrc85. Charltabl• act1￿11•5 Cost5 of charitabl8 acll¥lb86 we (t*ts r6181￿ to th8 8clvts8 to m8èt thè ob￿¢￿ve8 Go¥•rnan￿ ¢o•t• me8tiNJ fegu18W resp￿31b￿N￿ indudirvJ 8pWtic￿ SLWXt eost T•nglbl• fix•d ••••¢• Dapreciation 1$ yo￿ded at the fc4kxlng rat•s ordor to Wfite off eath assot OV8r Its estimated LFsefiil lrfo. TarrfJibt6 Assèts T•xalloN Fund A¢¢ountlng Unregtrieled lund¥ be u3ed in a¢xc*dm wilh the tharrtable 0bPc￿ at discretron ofthe trustees. ReStr￿ed fund$ can onty be used for paJ1ifxdw rosiriciod yMp05es vthhin tho objgL*s of th& ¢th811ty. R8stri¢*ty se when SFEdfied by the dorKJr or ¥then lunds are raised for parbrJJlar rgstrKted purk4)ses. Further ewanation of naknre WKJ ¢KJfP(w fvr¥J 15 irKludgd in the Thjtes lo Ihg fina￿￿1 slalem8nls. 10 THE REDEEMED CHRISTIAN CHURCH OF GOD EIIIBA&W OF FAITH NOTES TO THE ACCOUNTS YEAR ENDED 31ST M*JICH 2021 I VOLULTARY INCOME Ttthas and off￿1 Other In¢xJ HMRC. Furt(xJgh Bullthng fuThJ Gwt ald Interest 2021 63,7C6 1.512 18.692 13.271 21.379 2020 107.415 1,325 43.434 23,890 Totsl Inc(*nkng roycx 3. CHAR￿ABLe ACTMnES Saar* arbj wag88 Rgnt Manse exp8ns8s Worfd evangdle81 mh)hty Conf8r•nce gXP8ris08 Advwusement prLvnotkJn Donati￿3 to nwt otKI wtres Honorarium Central offi Sub$¢riptMM aTrJ TrainirvJ Mu8id&ns 2Z.793 30.7S 14.950 24,044 46.(XJO 1S.COO 3.436 710 130 2.637 129 313 180 100 GOVERPIANCE COST A￿Untar￿ aThl Exsm*￿5 SUPPORT COSTS: PAANAGEMENT Office expen96s and tobphone Repairs 8rKI d•8nwvJ Ingurar Genera exp•MgS StOf898 lees Trn¥81 and motor 312 2.723 579 11 THE REDEEIJIED CHRISTI￿ CHURCH OF GOD EMBASSY OF FArrH NOTES TO THE ACCOUNTS- CONTINUED YEAR EMDED 31ST m￿(cH 2021 6. suppoi¥r COSTS: HNANCE CHARGES 2021 2020 Bank Ch&ges 7. STNSF COST8 There wer• no trustees, exp8nw for th8 ￿ WKknJ 31st Marth 2021. É22.000 £22.075 The 8vwe numberd analywd lun¢lkm: FIXED A&8ETS COST Al 18¢ Aprfl 2020 Dl8pJs81 29.811 41.501 16,6LY)I A8 81318t 2021 OEPRECIATION Opening Balanctr D1¥po￿l Chargo fvr the y 29.811 41.501 16,6WI r BOOK VALUE As at 31st March 2021 A8 at 31st Marth 2020 9. CREDITORS . Amounts f•lllng due after on• £1.176 £14.852 12 ThE REDEEMED CHRISTIAN CHURCH OF GOO EMBASSY OF FAITH NOTES TO THE ACCOUNTS YE￿ ENDED 31ST IAARCH 2021 10. MOVEMENTS IN FUNDS d•d IAovgm•nt In Funds Re8trfet￿ Fund8 Buikling FUTr Unmtrlcted Fund• General Furnl £13271 £13.271 oi 312021 £91,438 R8slrkthJ FurKI Tr8nsfer betymn fur#Js Unr*stridfrd FuThJs 78,167 £13,271 Total fund• 13 THE REDEEMED CHRISTIAN CHURCH OF GOD EMWSY OF FAITh INCOME AND EXPENDrruRE YEAR ENDED 31ST IA*ACH ¥121 Incomlnu R050urce•: Voluntsry Incom•: rithgs and offerings Other Ineomo HMRC. FurloLbJh s¢hemo Bullding lund Gift aid Interest 63.7L 1.512 18,692 13.271 21.3T9 107,415 1.325 43.434 23,89J Total Ineomirtg reswrc88 RESOURCES EXPENDED: Co•t of geft•r￿ng ¥olunt•ry Incom• Ghwltabl• actlvltlos: Salaries and wag&s Rent Man86 trXP8nse Wodd evango1Scal mknkty Conference &xF*r Athrtls8mènt aTra PTorTrJi Donallons lo nfvJhl and **le4)m• Hornrar4Jm Centr81 offic* Subscriplkm a￿1 (￿tri￿j1￿)n5 TrniniTrJ Muskians 22,793 30.796 14.950 24,044 46.¢)00 15.0￿j 3.436 710 3.340 2,637 6LM) sso 313 1(M) GOVERNANCE COST Acx)untancy and Exary￿r￿ foe SUPPORT COSTS: I1￿4AGEMENT oiricè •xpense¥ a￿1 tewc Repairs and deaning Insurance General expenses Storage fees Tr8¥el and motor 312 2.084 7,005 2.723 4.680 579 5.9)S 10 SUPPORT COSTS: FINANCE CHARGES Bank Charges Tot•1 rnsourc•s exp￿ed Met ￿pendItUr0