REHOBOTH INTERNATIONAL CHRISTIAN CENTRE
Charity No: 1003011
REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023
REHOBOTH INTERNATIONAL CHRISTIAN CENTRE (RICC)
| Contents | Page |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees’ Report | 2 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 – 9 |
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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE (RICC)
1 April 2022 – 31 March 2023
Legal and Administrative Information
Charity No: 1003011
Trustees:
Pastor Prince Obinna Egekwu – Chair Pastor Sam Tekyi-Berto - Treasurer Minister Anthony King
Pastor Beryl St James Sister Alicia Dyer-Beckford Sister Charlene Igbekhue
Charity’s Principal Address:
104-106 Whitehorse Road
Croydon Surrey CR0 2JF Tel: 020 8664 9895. Email: admin@ricc.org.uk Website: www.ricc.org.uk
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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE (RICC)
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 MARCH 2023
The Trustees of RICC present their report and accounts for the year ended 31 March 2023
Objects of the Charity:
To advance Christian beliefs and help alleviate poverty, hardship, and distress in the most pragmatic manner possible without compromising the Christian ideals for the benefit and interest of the public.
Activities and Achievements
RICC’s main activities include a weekly Sunday service sermon and prayer meeting on Fridays with a congregation of about 200 and, once a week, Bible studies via Zoom technology. The church makes small benevolence payments to individuals (subject to availability of funds and priority of need) and undertakes missionary work in the UK, Africa, and the Caribbean. The church’s outreach team continues to run food and clothes bank distributions and feeding/soup kitchen services from its registered premises regularly for the benefit of the public. The church continues participating in community evangelism and advocacy in collaboration with other local churches in Croydon to benefit the public and our immediate community. The church runs a successful remedial youth ministry, Christian counselling, and mediation programmes. After successfully running a vibrant Bible School for over ten years and graduating over 500 students with Diplomas in Bible Ministry and are now serving as leaders/mentors in various capacities in our communities, the church has temporarily put the Bible School Project on hold to review the logistics for running the school in a more collaborative and community-centred manner. Pastor Angela Rochester has resigned as a trustee, effective from 30[th] September 2023; in the meanwhile, the church has appointed four new interim trustees, including an external trustee. Their roles would be ratified respectively in January at the Annual General Meeting of Members and update the record of trustees with the Charity Commission in due course.
Financial Review :
The Statement of Financial Activities shows incoming resources of £167,108 for the year 2022/2023 and net incoming resources of (£5,043) compared with 2021/2022: £169,298 and (£7,309).
Statement of Trustees’ Responsibilities
The trustees are legally required to prepare financial statements for each financial year, giving a true and fair view of the charity's state of affairs and its results.
In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and apply them consistently.
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make judgements and estimates that are reasonable and prudent.
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on a going concern basis unless it is inappropriate to assume that the Charity will continue its operations.
The trustees are responsible for keeping proper accounting records, which reasonably accurately disclose the charity’s financial position at any time and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the charity's assets and taking reasonable steps to prevent fraud and other irregularities.
Approval:
This report was approved by the Trustees and signed on its behalf:
Date: 27/10/2023
Sam Tekyi-Berto Trustee/Treasurer
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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE (RICC)
Independent Examiner’s Report to the Trustees of Rehoboth International Christian Centre
I report on the charity accounts for the year ended 31 March 2023 on pages 4 to 9.
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. The provisions of the new Charities Act 2022 are not applicable for this reporting period.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act.
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and
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to state whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out by general Directions given by the Charity Commissioner. An assessment includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes considering any unusual items or disclosures in the reports and seeking explanations from you as trustees. The procedures undertaken only provide some of the evidence required in an audit. Consequently, no opinion is given on whether the accounts present a ‘true and fair view’, and the report is limited to the matters in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that, in any material respect, the requirements: • to keep accounting records per section 130 of the 2011 Act and
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to prepare accounts that accord with the accounting records and comply with the accounting requirements of the Charities Act that have not been met or
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to which attention should be drawn to enable a proper understanding of the accounts to be reached.
PNC-actncy
PNC Accountancy Ltd 4th Floor Hamilton House Maldon Place London WC1H 9BB
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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| Incoming Resources (Note 3) Income & Endowments from: Donations and Legacies Charitable Activities Investments Total Resources Expended (Note 4) Expenditure on: Raising Funds Charitable Activities Separate Material Items Total resources expended Net incoming resources Reconciliation of Funds Total funds brought forward Total funds Carried forward |
Unrestricted Unrestricted Fund Fund 2022/23 2021/22 £ £ 160,735 169,298 1,000 0 330 0 162,065 169,298 161,763 165,517 5,345 11,089 0 0 167,108 176,606 (5,043) (7,308) 238,574 245,882 233,531 238,574 |
|---|---|
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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE
BALANCE SHEET AS AT 31 MARCH 2023
| 2022/23 2021/22 Notes £ £ Fixed Assets 5 NBV NBV Freehold Building 373,162 386,460 Equipment 739 869 Furniture & Fittings - - 373,901 387,329 Current Assets Debtors and Prepayments - Cash at Bank and in Hand 3,005 20,041 3,005 20,041 Current Liabilities Creditors Falling Due Within 12 Months 15,000 13,420 Current Assets Less Current Liabilities (11,995) 6,621 Creditors falling due >1year 6 Bounce Back Loan (BBL) (37,316) (34,027) Mortgage/Loans (17974.44+73084.35) (91,059) (121,349) Total Net Assets 233,531 238,574 Represented By Funds of the Charity Unrestricted Fund 233,531 238,574 The financial statements on pages 4 and 5 were approved by the trustees on: 27/04/2023; And signed by: Prince Obinna Egekwu Sam Tekyi-Berto Chair of the Board of Trustees Trustee/Treasurer Sign: Sign: |
2022/23 | 2022/23 | 2021/22 | 2021/22 |
|---|---|---|---|---|
| £ NBV 373,162 739 - |
£ | NBV 386,460 869 - |
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| 373,901 3,005 |
387,329 - 20,041 |
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| 3,005 15,000 |
20,041 13,420 |
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| (11,995) (37,316) (91,059) |
6,621 (34,027) (121,349) |
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| 233,531 | 238,574 | |||
| 233,531 | 238,574 |
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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE
Notes to the accounts for the year ending 31 March 2023
1.1 Basis of Accounting Policies
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared in accordance with:
The Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
1.2 Going Concern
The trustees have prepared the accounts under the going-concern convention; and give the undertaken that the charity shall continue to meet its finacial and other obligations as they fall due.
1.3 Change in Accounting Policy
The accounts present a true and fair view and there are no change in accounting policies.
1.4 Changes to Accounting Estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
2.1 Recognition of Income
The trustees recognise when the income is virtually certain and they can be reliably measured. All membership tithes and offerings and dontaions are recognised in Donations & Legacies. Gift aid reclaimable on donations to the charity is included in the amount received when there is a valid declaration from donors.
2.2 Expenditure & Liabilities
They are included in the accounts on an accruals basis where it is probable there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
- 2.3 Tangible Fixed Assets: These are capitalised if they can be used for more than one year, and cost at least 300. They are valued at cost and depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Building Plant and Machinery Fixtures and Fittings
2% Straight line 15% Straight line 15% Straight line
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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE
2.4 Taxation
The Church is a registered charity and accordingly is exempt from taxation on its income and gains where they are applied for charitable purposes. However the church pays employers NIC/PAYE deducted from employee's pay.
| 3 Analysis of Income Donations and Legacies: Memberhsip General Donations Special Donations Gift Aid Total Charitable Activities Tuck Shop Rehoboth Bible School of Ministry Total Income from Investments Interest Income Rental Income Total TOTAL INCOME |
YR 22/23 £ 100,555.84 34,505.00 25,674 160,735 0 1,000.00 1,000.00 0 330 330 162,065 |
YR 21/22 £ 86,167.47 55,000 28,130 |
|---|---|---|
| 169,298 0 0 0 |
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| 0 0 0 |
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| 0 169,298 |
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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE
| 4 | Analysis of Expenditure Expenditure in Raising Funds Pastoral costs HMRC - PAYE/Pension Visiting Pastors Mortgage & Loans Repayment - inc Interest Insurance Costs Caretaker/Cleaner Costs Photocopier Rental Payments Depreciation Repairs/Maintenance/Safety Legal & Professional Fees/Admin Independent Examiner's Fees Light, Heat and Water Council Tax/Domestic Business Rates Subscriptions/Pulpit expenses Cleaning Materials/Toiletories Telephone/Internet Postage/Printing/Stationery Bank Charges Expenditure on Charitable Activities Travel [Local & Overseas inc hotels] Evangelism Overseas Benevolent & Charity Donations Tuck Shop Rehoboth Bible School of Ministry Conference/General Expenses Separate Material Items Total resources expended Net incoming resources |
YR 22/23 42,977 2,539 2,100 44,322 1,224 5,516 616 13,298 13,110 1,031 900 6,138 1,768 14,489 400 5,676 5,275 384 161,763 0 0 500 0 0 4,845 5,345 0 167,108 (5,043) |
YR 21/22 42,052 3,567 3,500 52,588 1,522 1,929 1,521 13,420 17,882 900 875 2,990 3,528 15,804 350 1,726 1,200 164 |
|---|---|---|---|
| 165,517 1,350 1,320 530 0 1,100 6,789 |
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| 11,089 0 176,606 |
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| (7,308) |
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REHOBOTH INTERNATIONAL CHRISTIAN CENTRE
5 Tangible Fixed Assets
Movement on the charity's tangible fixed assets were:
| Cost At 1 April 2022 Revaluation Additions - disposals At 31 March 2023 5.1 Depreciation At 1 April 2022 (Accumulated) Charge for year - 31 March 2023 Reduction in value At 31 March 2023 5.2 Net Book Value At 1 April 2022 At 31 March 2023 |
Building Plant & Machinery £ £ 664,900 1,800 0 0 0 0 0 0 664,900 1,800 278,440 923 13,298 138 0 0 291,738 1,061 386,460 869 373,162 739 |
Fixtures & Fittings £ 0 0 0 0 0 0 0 0 0 0 0 |
Total £ 666,700 0 0 0 |
|---|---|---|---|
| 666,700 | |||
| 279,363 13,436 0 |
|||
| 292,799 | |||
| 387,329 373,901 |
| 6 | Creditors Falling due After 1 Year | as at 31 March 2022 |
|---|---|---|
| Balance on Loans (for new roof) | £17,979 | |
| Balance on Mortgage | £73,084 | |
| Balance on Bounce Back Loan | £37,316 | |
| (inc missed payments/accrued interests) |
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