RCCG THE KING’S GLORY CHURCH King’s Lynn ## **Minutes of The Kings Glory Church (TKG)Trustee Board meeting held 05/12/2021.** Time: 19.00 hours Venue: conference call via Zoom Attendance: Grace Akinlade Pastor Ade Ajayi Pastor Dapo Adegoke Pastor Toyin Adegoke Bro Kanayo Opening Prayer was said by Grace Akinlade as mandated by Pastor Dapo Adegoke. Minutes of the last meeting: Pastor Dapo went through the minutes of the last meeting done on 10/04/2021. This captured the income and expenditures of the years 2019 and 2020. He discussed the challenges experienced by the team (Pastor Dapo and the building committee). He gave the reasons why the initial builder was fired, and why he needed to take on the role of the Project Manager. This has actually saved the house a huge sum of cash. Year 2020 Financial report: By Pastor Dapo Adegoke. Review of income and expenditures for years 2019 & 2020 done with financial details already circulated. Pastor Ade made some recommendations at the account presentation. This was well taken in by Pastor Dapo and Pastor Toyin. He explained the reasons we had a huge outgoings in 2020, which of course is due to the Building Projects and Mortgage loan repayment. Revaluation of building suggested, said to be done. Worship Centre: 27 Bryggen Road, PE30 2HZ. King’s Lynn Tel: 01553 600 036 Email: info@thekingsglory.org.uk RCCG is a worldwide church organisation established since 1952. Registered in the United Kingdom. **TKG charity number 1182416** General Overseer: Pastor E. A. Adeboye P a g e 1 | 3 RCCG THE KING’S GLORY CHURCH King’s Lynn Pastor Dapo and Pastor Toyin both took us through the financial report which is already displayed by the external church accountant on our Charity commission Page. ## **A review of 2021 Targets:** Targets completed on Building projects Phases 1,2 & 3. Financial income mainly by church members’ contributions. Also from gifts aids. Bank Loans - Covid support, Donations. Outstanding loans- there are plans in place to sort them out as soon as we can do so. ## **2022 Plan:** The Pastors discussed the church’s strategy on evangelism and outreach. Building the people we have. - **To win souls for Christ.** One of the steps is having a Christmas Carol and inviting the members of the community and our friends. - They discussed the need for a community liason officer - Also we need to hire a Church Administrator for this immense role. - Church anniversary- Proposed 2 day celebration for 2022. - Purchase of Church Bus - We have not set any date for the next meeting, but it is going to be twice in a year. Possibly next April 2022. The meeting closed at 20.14 hours with the prayer said by Pastor Ade Ajayi. Worship Centre: 27 Bryggen Road, PE30 2HZ. King’s Lynn Tel: 01553 600 036 Email: info@thekingsglory.org.uk RCCG is a worldwide church organisation established since 1952. Registered in the United Kingdom. **TKG charity number 1182416** General Overseer: Pastor E. A. Adeboye P a g e 2 | 3 RCCG THE KING’S GLORY CHURCH King’s Lynn Worship Centre: 27 Bryggen Road, PE30 2HZ. King’s Lynn Tel: 01553 600 036 Email: info@thekingsglory.org.uk RCCG is a worldwide church organisation established since 1952. Registered in the United Kingdom. **TKG charity number 1182416** General Overseer: Pastor E. A. Adeboye P a g e 3 | 3 Registered Charity Number **1182416** ## **RCCG The Kings Glory Church** ## **Financial Statement For The Year Ended** ## **30th December 2021** **Prepared by DTT Consultancy Ltd** |**RCCG The Kings**
**Glory Church**|**RCCG The Kings Glory Church**|**RCCG The Kings Glory Church**|**RCCG The Kings Glory Church**|**1182416**|**1182416**|| |---|---|---|---|---|---|---| ||Annual accounts for theperiod|||||| ||Period start date|**1st Jan 21**|**To**|Period end date|**31st Dec 21**|| |||||||| |**Section A**|**Statement of financial activities**|||||| |**Recommended categories**
**by activity**
**Details of own**
**analysis**
Note
**Incoming resources (Note 3)**
**Incoming resources from**
**generated funds**
Voluntary income
S01
Gift Aid
S02
Investment income
S03
**Incoming resources from**
**charitable activities**
S04
**Other incoming resources**
S05
S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
**Prior Year Adjustment**
S21
**_Total funds carried forward_**
**Total funds brought forward**
**_Net movement in funds_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
Gains and losses on investment assets
Gains and losses on revaluation of fixed assets for
the charity’s own use
**Other recognised** **gains/(losses)**
**_Net incoming/(outgoing) resources before other_**
**_recognised gains/(losses)_**
**Gross transfers between funds**
**_Total resources expended_**
**_Total incoming resources_**||**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total this year Total last year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05||||| |||-|-|-|-|-| |||142,893|-|-|142,893|108,323| ||||-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||142,893|-|-|142,893|108,323| |||||||| |||-|-|-|-|-| |||45,792|-|-|45,792|19,683| |||-|-|-|-|-| ||||-|-|-|-| |||12,632|-|-|12,632|10,812| |||-|-|-|-|-| |||-|-|-|-|-| |||58,424|-|-|58,424|30,495| |||84,469|-|-|84,469|77,828| |||-|-|-|-|-| |||84,469|-|-|84,469|77,828| |||||||| |||55,000|-|-|55,000|-| ||||-|-|-|-| |||139,469|-|-|139,469|77,828| |||159,445|-|-|159,445|81,617| ||||||-|-| |||298,914|-|-|298,914|159,445| Page 6 ## **RCCG - Jan - Dec 2021** ## **Section B Balance sheet** |**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand (Note 13)**
**_Total current assets_**
**Creditors: amounts falling due within one**
**year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after one**
**year (Note 13)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 14)**
**Endowment funds(Note 15)**
**_Total funds_**
Signed by|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**£**
**£**
**£**
F01
F02
F03|**Total this year**
**Total last year**
**£**
**£**
F04
F05|**Total this year**
**Total last year**
**£**
**£**
F04
F05| |---|---|---|---|---|---|---| |||500,409|||500,409|324,662| |||||||| |||||||| |||500,409|||500,409|324,662| |||||||| |||||||| |||300|||300|300| |||||||| |||10,008|||10,008|2,509| |||10,308|||10,308|2,809| |||||||| |||250|||250|250| |||||||| |||10,058|-|-|10,058|2,559| |||||||| |||510,467|-|**-**|510,467|327,221| |||||||| |||211,553|-|-|211,553|167,776| |||-|-|-|-|-| |||||||| |||298,914|-|-|298,914|159,445| |||||||| |||298,914|||298,914|237,273| |||||||| |||||||| |||||||| |||||||| |||298,914|-||298,914|237,273| ||||||0|| |||Print
Signature|||Date of approval
Name|| |||||||12-Nov-19| |||||||| Page 7 **RCCG - Jan - Dec 2021** ## **Section C Notes to the accounts** ## Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with: - Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005); • and with* Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE); - and with the Charities Act 1993. [** except for the following]. _**Give details in this box if a different standard has been followed.**_ - -Tick as appropriate: - if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”; - if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial - Reporting Standards for Smaller Enterprises (FRSSE)”. ** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes. ## **1.2 Change in basis of accounting** There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following). - § if no changes have been made to accounting policies then delete these words. ## **1.3 Changes to previous accounts** No changes have been made to accounts for previous years Page 8 **RCCG - Jan - Dec 2021** ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** _**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_ ## **INCOMING RESOURCES** |**INCOMING RESOURCES**|| |---|---| |**Recognition of incoming**|These are included in the Statement of Financial Activities (SoFA) when:| |**resources**|· the charity becomes entitled to the resources;| ||· the trustees are virtually certain they will receive the resources; and| ||· the monetary value can be measured with sufficient reliability.| |**Incoming resources with related**|Where incoming resources have related expenditure (as with fundraising or contract income) the| |**expenditure**|incoming resources and related expenditure are reported gross in the SoFA.| |**Grants and donations**|Grants and donations are only included in the SoFA when the charity has unconditional entitlement to| ||the resources.| |**Tax reclaims on donations and**|Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which| |**gifts**|they relate.| |**Contractual income and**|This is only included in the SoFA once the related goods or services have been delivered.| |**performance related grants**|| |**Gifts in kind**|Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount
actually realised.| ||Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed| ||by the charity.| ||Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable.| |**Donated services and facilities**|These are only included in incoming resources (with an equivalent amount in resources expended)| ||where the benefit to the charity is reasonably quantifiable, measurable and material_._The value| ||placed on these resources is the estimated value to the charity of the service or facility received.| |**Volunteer help**|The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.| |**Investment income**|This is included in the accounts when receivable.| |**Investment gains and losses**|This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing| ||investments to market value at the end of the year.| |**EXPENDITURE AND LIABILITIES**|| |**Liability recognition**|Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to| ||pay out resources.| |**Governance costs**|Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings| ||and cost of any legal advice to trustees on governance or constitutional matters.| |**Grants with performance**|Where the charity gives a grant with conditions for its payment being a specific level of service or| |**conditions**|output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has| ||provided the specified service or output.| |**Grants payable without**|These are only recognised in the accounts when a commitment has been made and there are no| |**performance conditions**|conditions to be met relating to the grant which remain in the control of the charity.| |**Support Costs**|Support costs include central functions and have been allocated to activity cost categories on a basis| ||consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff| ||costs by the time spent and other costs by their usage.| |**ASSETS**|| |---|---| |**Tangible fixed assets for use by**|These are capitalised if they can be used for more than one year, and cost at least £500. They are| |**charity**|valued at cost or a reasonable value on receipt.| |**Investments**|Investments quoted on a recognised stock exchange are valued at market value at the year end.| ||Other investment assets are included at trustees' best estimate of market value.| |**Stocks and work in progress**|These are valued at the lower of cost or market value.| Page 9 ## **RCCG - Jan - Dec 2021** **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of incoming resources** ## _**Incoming resources may be further analysed if this would help the reader of the accounts.**_ |**Gift Aid**
**Investment income**
**Incoming resources from**
**charitable activities**
**Voluntary income**|**Analysis**|**This year**
**£**|**Last year**
**£**| |---|---|---|---| ||Tithes,offeringand thanksgiving|142,893|108,323| ||Building|-|-| ||Other||| ||Interest earned||| ||**Total**|142,893|108,323| ||||| ||Gift aid|11,616|33,164| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|11,616|33,164| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||**Total**|-|-| Page 10 **RCCG - Jan - Dec 2021** ## **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of resources expended** ## **Resources expended may be further analysed if this would help the reader of the accounts.** |**Costs of generating**
**voluntary income**
**Investment management**
**costs**
**Charitable activities**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**| |---|---|---|---| ||Hospitality|1,299|251| ||Multimedia|9,714|1,065| ||Transport|-|| ||Children|626|| ||Admin|1,251|3,963| ||Choir|-|-| ||Utility|2,927|| ||Honourarium|2,250|| ||Sanctuary|2,583|3,331| ||TrainingEvents|2,200|| ||Rent|1,083|10,380| ||Telephone|395|| ||Charges|68|-| ||Depreciation|18,480|| ||Professional Fees|2,450|| ||Cleaning|465|| ||SundryExpense||693| ||**Total**|**45,792**|**19,683**| ||||| ||RCCG WEM|11,205|8,006| ||RCCG COF|300|300| ||Outreach Events|357|276| ||Welfare|300|| ||Donation|240|| ||CharitySupport|230|2,230| ||**Total**|**12,632**|**10,812**| ||||| |||-|-| |||-|-| |||-|-| ||**Total**|**-**|**-**| Page 11 **RCCG - Jan - Dec 2021** **Section C Notes to the accounts (cont)** ## **Note 5 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ |**Support cost type**|**Fundraising activity**
**£**|**Charitable Activity**
**£**|**Governance Activity**
**£**|**Total Cost**
**£**| |---|---|---|---|---| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| |**Total**|-|-|-|-| ## **Note 6 Details of certain items of expenditure** ## **6.1 Trustee expenses** _**Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).**_ ## **Number of trustees who were paid expenses Nature of the expenses Total amount paid** |**This year**|**Last year**| |---|---| ||| ||| |**£**|**£**| ## **6.2 Fees for examination or audit of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).**_ |**Other fees (for example: advice, consultancy, accountancy services) paid to**
**the independent examiner or auditor**
**Independent examiner’s or auditors' fees for reporting on the accounts**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||250|250| |||| Page 12 ## **RCCG - Jan - Dec 2021** ## **Section C Notes to the accounts (cont)** ## **Note 9 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_ ## **9.1 Cost or valuation** |**Church Building**
**Building work**
**Furniture**
**Motor van**
**Total**
**£**
**£**
**£**
At 1st Jan 2014
220,000 104,662
324,662
Additions
130,610 8,617
139,227
Revaluations
55,000
55,000
Disposals
-
Transfers *
-
Balance carried
forward
275,000 235,272 8,617
- 518,889
****Basis**
SL or RB
SL or RB
SL or RB
**** Rate**
Balance brought
forward
Depreciation charge for
year
16,326 2,154
18,480
Impairment provisions
- - -
-
Revaluations
- - -
-
Disposals
- - -
-
Transfers*
- - -
-
Balance carried
forward
- 16,326 2,154
- 18,480
Brought forward
Carried forward
275,000 218,946 6,463
- 500,409
**9.3 Net book value**
**9.2 Accumulated depreciation and impairment provisions**|**Church Building**
**£**|**Building work**
**£**|**Furniture**
**£**|**Motor van**|**Total**| |---|---|---|---|---|---| ||||||| ||220,000|104,662|||324,662| |||130,610|8,617||139,227| ||55,000||||55,000| ||||||-| ||||||-| ||275,000|235,272|8,617|
-|518,889| ||
SL or RB|SL or RB|SL or RB||| ||||||| ||||||| ||||||| |||16,326|2,154||18,480| ||-|-|-||-| ||-|-|-||-| ||-|-|-||-| ||-|-|-||-| ||-|16,326|2,154|
-|18,480| ||||||| ||||||| ||275,000|218,946|6,463|
-|500,409| Page 13 **RCCG - Jan - Dec 2021** **Section C Notes to the accounts (cont)** ## **Note 11 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ |**Analysis of debtors**
**Trade debtors**
**Amounts due from subsidiary and associated undertakings**
**Other debtors**
**Prepayments and accrued income**
**Total**|**Amounts falling due within**
**oneyear**|**Amounts falling due within**
**oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**|


| |---|---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|| ||||-|-|| |||-|-|-|| ||300|300|
-||| ||||-|-|| ||300|300|
-|-|| ## **Note 12 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_ ## **12.1 Analysis of creditors** |**Finance charge**
**Trade creditors - accountancy fees**
**Amounts due to subsidiary and associated undertakings**
**Mortgage lender**
**Bounce Back Loan**
**Total**|**Amounts falling due within**
**oneyear**|**Amounts falling due within**
**oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**|




| |---|---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|| ||-|-||-|| ||250|250||-|| |||||-|| ||-||196,763|151,153|| ||-||14,790|16,623|| ||250|250|211,553|167,776|| Page 14 ## **RCCG The Kings Glory Church** ## **INDEPENDENT EXAMINER'S REPORT FOR YEAR ENDED 31 DECEMBER 2021** ## **TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD - The Kings Glory Church** I report on the accounts for the year ended 31 December 2021 set out on pages 5 to 9. ## **RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE 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 needed. It is my responsibility to: (i) examine the accounts under section 145 of the 2011 Act; (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and (iii) to state whether particular matters have come to my attention. ## **BASIS OF 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: (a) which gives me reasonable cause to believe that in any material respect the requirements: (i) to keep accounting records in accordance with section 130 of the 2011 Act; and (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act; have not been met. (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Tunji Ogedengbe 36 Daffodil Close Hatfield Hertfordshire AL10 9FF Date: 20th Oct 2022