Charity number: 1176995
(England and Wales)
REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2022
REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Contents Page For the year ended 31 March 2022
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 8 |
| Detailed Statement of Financial Activities | 9 |
REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Report of the Trustees
For the year ended 31 March 2022
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2022. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Constitution, Objectives of the Charity, Principal Activities and Organisation of our Work
The church started operating on the 1st of January 2015 under its present name: The Redeem Christian Church of God, Grace Parish.
The Objectives of the church as set out in the Declaration of Trust are:
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(a) The advancement of the Christian Faith,
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(b) The relief of persons who are in conditions of hardship or distress or who are aged or sick and
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(c) The relief of poverty.
The Church was involved in Christian outreach programmes designed to increase Christian awareness and to spread the Gospel of our Lord Jesus Christ.
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Development, activities and achievements in the year
The Trustees are pleased to report that the Church continued to be successful spiritually by ministering to many people.
FINANCIAL REVIEW
Review of the Financial position
The net incoming resources for the year amounted to a deficit of 2136.95, all of which was attributable to general reserves.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Charity registration number 1176995 Principal address 72 COTTAGE GROVE LONDON SW9 9NQ
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Mr AKINWALE A. OYELEKAN Ms MARIAMA KOROMA Ms OYINLOLA AKINWALE Rev OLURANTI AJAYI Independent examiner CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Report of the Trustees Continued For the year ended 31 March 2022
Approved by the Board of Trustees and signed on its behalf by
............................................................................. Mr AKINWALE A. OYELEKAN
19 January 2023
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Independent Examiners Report to the Trustees
For the year ended 31 March 2022
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2022.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF
19 January 2023
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2022
| Notes | Unrestricted | 2021 | |
|---|---|---|---|
| funds | |||
| £ | £ | ||
| Income and endowments from: | |||
| Donations and legacies | 2 | 8,682 | 8,966 |
| Total | 8,682 | 8,966 | |
| Expenditure on: | |||
| Charitable activities | 3/4 | (10,819) | (5,373) |
| Total | (10,819) | (5,373) | |
| Net income/expenditure | (2,137) | 3,593 | |
| Reconciliation of funds | |||
| Total funds brought forward | 3,415 | (178) | |
| Total funds carried forward | 1,278 | 3,415 |
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Statement of Financial Position
As at 31 March 2022
| Notes Fixed assets Tangible assets 7 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 8 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 9 Total funds |
£ 2022 1,404 1,404 399 399 (525) (126) 1,278 1,278 1,278 1,278 |
£ 2021 600 |
|---|---|---|
| 600 | ||
| 3,190 | ||
| 3,190 | ||
| (375) 2,815 |
||
| 3,415 | ||
| 3,415 | ||
| 3,415 | ||
| 3,415 |
For the year ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
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with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr AKINWALE A. OYELEKAN Trustee 19 January 2023
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Notes to the Financial Statements
For the year ended 31 March 2022
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
2. Income from donations and legacies
| Unrestricted funds Donations received 3. Costs of charitable activities by fund type Unrestricted funds EVANGELISM 4. Costs of charitable activities by activity type Activities undertaken directly EVANGELISM 5. Net income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets |
2021 2022 £ £ 8,966 8,682 8,966 8,682 2021 2022 £ £ 5,373 10,819 2021 2022 £ £ 10,819 5,373 2022 2021 £ £ 535 200 |
|---|---|
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Notes to the Financial Statements Continued
For the year ended 31 March 2022
6. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
7. Tangible fixed assets
| Cost or valuation At 01 April 2021 Additions At 31 March 2022 Depreciation At 01 April 2021 Charge for year At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021 |
Furniture and fittings £ - 239 239 - 60 60 179 - |
Computer equipment £ 800 1,100 1,900 200 475 675 1,225 600 |
Total £ 800 1,339 |
|---|---|---|---|
| 2,139 | |||
| 200 535 |
|||
| 735 | |||
| 1,404 | |||
| 600 |
8. Creditors: amounts falling due within one year
| Accruals and deferred income | 2022 £ 525 525 |
2021 £ 375 |
|---|---|---|
| 375 |
9. Movement in funds
Unrestricted Funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| 01/04/2021 | resources | resources | 31/03/2022 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 3,415 | 8,682 | (10,819) | 1,278 |
| 3,415 | 8,682 | (10,819) | 1,278 |
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Notes to the Financial Statements Continued
For the year ended 31 March 2022
Unrestricted Funds - Previous year
| Unrestricted Funds - Previous year | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| 01/04/2020 | resources | resources | 31/03/2021 | |
| £ | £ | £ | £ | |
| General | ||||
| General | (178) | 8,966 | (5,373) | 3,415 |
| (178) | 8,966 | (5,373) | 3,415 |
10. Analysis of net assets between funds
| Tangible | Net current | Net Assets | |
|---|---|---|---|
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 1,404 | (126) | 1,278 |
| 1,404 | (126) | 1,278 | |
| Previous year | |||
| Tangible | Net current | Net Assets | |
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 600 | 2,815 | 3,415 |
| 600 | 2,815 | 3,415 |
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Detailed Statement of Financial Activities
For the year ended 31 March 2022
| INCOME AND ENDOWMENT Donations and legacies Donations Total incoming resources EXPENDITURE Charitable activities Cost of direct charitable activity Total resources expended Net Expenditure |
£ 2022 8,682 8,682 8,682 (10,819) (10,819) (10,819) (2,137) |
£ 2021 8,966 |
|---|---|---|
| 8,966 | ||
| 8,966 (5,373) |
||
| (5,373) | ||
| (5,373) | ||
| 3,593 |
9 of 9 This page does not form part of the statutory financial statements