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2022-12-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) DOMINION PARISH HOUNSLOW

ANNUAL REPORT & FINANCIAL STATEMENTS (UNAUDITED)

YEAR ENDED 31ST DECEMBER 2022

CHARITY REGISTRATION No: 1084909

1

RCCG DOMINION PARISH, HOUNSLOW Trustees Report

for the ear ended 31st December 2022 y

Contents Page

Legal and Administrative Information		 3
Trustees' Annual Report 4
Independent Examiner's Reportto the Trustees 7
Statement of Financial Activities 8
Summary Income and Expenditure 9
Balance Sheet 10
Notes to the accounts 11-18

2

RCCG DOMINION PARISH, HOUNSLOW Trustees Report (continued) for the ear ended 31[st] December 2022 y

Legal and Administrative Information

CHARITY NUMBER 1084909

LEGAL STATUS

The charity is constituted under a declaration of trust.

GOVERNING INSTRUMENT

The Governing document of the Charity is the Trust Deed dated 20th December 2000 and the Agreement for Common Purposes between The Redeemed Christian Church of God and RCCG Dominion Parish Hounslow dated 2nd August 2001

OBJECTS

The objects of the Charity are the advancement of the Christian faith worldwide and the relief of poverty in accordance with the doctrines set out in the statement of faith contained in the governing document.

CORRESPONDENCE ADDRESS

RCCG Dominion Parish Hounslow 25 Spring Grove Road HOUNSLOW TW3 4BE

PRIMARY BANKERS

Barclays Bank plc 210 High Street HOUNSLOW TW3 1DL

TRUSTEES AT 31ST DECEMBER 2021

Mr Lucky Albert Mrs Akpoyovbe Adebowale Mr Oludotun Sodipo Pastor Oluwole Oyenekan

INDEPENDENT EXAMINER

Jilon Solutions Ltd 22 Burgess Avenue Stanford le Hope SS17 0AZ

Organisation Structure and Decision Making

3

RCCG DOMINION PARISH, HOUNSLOW Trustees Report (continued) for the ear ended 31[st] December 2022 y

The Redeemed Christian Church of God Dominion (hereafter referred to as the charity) is structured in a manner that allows the Trustees to meet as required to manage its affairs. The Pastor in Charge is delegated to manage the day-to-day administration of the church in collaboration with other ministers and volunteers. The Trustees hold final responsibility for all the decisions regarding allocation of funds and activities.

Recruitment and Appointment of Trustees

The Trust began with the appointment of the “first Trustees” and subsequently, Trustees are appointed and or co-opted under the terms of the trust deed.

Induction and Training of New Trustees

The induction process for a newly appointed Trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Pastor in Charge on the powers and responsibilities of the Trustees.

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 the specific risks currently posed by Covid19. Though the period under review falls outside the times of increased risk by Covid-19 we have however adjusted our systems and practices to comply with the government guidelines on the pandemic; We are therefore satisfied that we have enough systems in place to mitigate our exposures to the present and emerging risks.

Grant Making Policy

The Charity collaborates with other charities and missions that share its objective of the advancement of the Christian faith and relief of poverty. This includes but not limited to RCCG Central Office, World Evangelism Mission, and Festival of Life etc. It also makes occasional grants to congregational members who are in need in line with its objective of poverty relief.

Investment Policy

The Charity currently has its own property that it uses for its activities; and will continue to explore other possible investment opportunities. All funds are retained in Banks and Building Societies, and as far as possible in interest bearing accounts.

Reserves Policy

The Trustees’ policy is to have unrestricted and uncommitted funds (free reserves) to cover 4- 6 months of resources expended which equals to £28,000 to £42,000 in general funds. This is estimated to be sufficient to run the affairs of the Charity in the event of a significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The present free reserve is within the range, but the Trustees are continuing to seek additional unrestricted funds to build up its reserve.

Principal Funding

Funding has been provided mainly through tithes and offerings by church members and through gift aid. Pledges are also taken for specific projects.

Key Objectives and Activities

4

RCCG DOMINION PARISH, HOUNSLOW Trustees Report (continued) for the ear ended 31[st] December 2022 y

At the core of the charity’s objectives are:

  1. The advancement of the Christian faith worldwide

  2. Alleviation of poverty.

  3. To positively impact and benefit the community we operate in and the general public.

It is in line with the above objectives that the Charity carried out the following activities during the year under review i.e. January to December 2022.

Special programmes held in the year 2022 includes:

• The Exalt the King (ETK) programme which was held in April via zoom and in person. The Excellent Men Conference was held via zoom and in person in November.

• The Dominion Parish Women conference was held September 2022 via zoom and in person.

• Dominion Parish’s special elders programme christened “Come let’s praise the Lord” was held on the first Saturday of December 2022 via zoom and in person.

• A special luncheon programme was held for all new members who joined with the year(s).In this programme, they are introduced to all activities in the church and encouraged to join any preferred department of their choice.

• Dominion Parish’s end of year fasting and prayers took place between the last week in November and the end of the first week in December 2022 to cater for the peoples spiritual, physical and emotional wellbeing. On Friday, the 16th of December 2022 a special Christmas variety night/Christmas Carol service was held in the parish. In that programme, the MP for Hounslow council Ruth Cadbury, the Deputy Mayor Adesh Farnaham was in attendance. It was reiterated that the church is open to the community at large to attend as required.

In all the above programmes, a thorough exposition into the word of God by various ministers as well as music ministers within and outside the parish is shared with all references and emphasis from the bible. Light Refreshments is usually available in all services in house.

Throughout the year we also held a weekly Children’s sessions every Sunday mornings that provided children in the church the forum to interact and bond with each other in a friendly and loving atmosphere. Also, very importantly the word of God is taught in an easily understandable manner to the children to nurture and enable them to grow in the precepts and guidance of biblical teachings.

A small gift voucher was given to every member of the church in the year 2022 to help celebrate financial token their birthdays. .

All programs are open to all members and the wider community, and they are provided freely in line with the Trusts’ strides to be of benefit to the whole community it serves.

In the year 2022 as in every year, Dominion parish supported the “Redeemed Christian Church of God” World Evangelical Mission (WEM) financially as well as other Redeem Projects.

5

RCCG DOMINION PARISH, HOUNSLOW Trustees Report (continued) for the ear ended 31[st] December 2022 y

The Charity also supported some parishes with rent and building projects financially as well as supported bereaved members with financial assistance within and outside the province. We also supported some new members who relocated into the country financially. The Pastorate are always available to provide all forms of support as required to all members of the church.

Volunteers

The Charity is currently blessed with an army of committed volunteers who give their time and skills freely to support every of its program. A conservative estimate would place the total hours provided freely by these volunteers at over 3000 hours each year which would exceed £30,000 if paid at a lowly £10 per hour.

Future Development and Plans

The charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life-changing impact in society.

It will also continue to look out for a larger facility as it is currently outgrowing its present building. The charity’s future plan will also focus on the development and wellbeing of members and the community. The charitable function of the organisation will be intensified during the coming years.

Training will be offered to members and the community in basic financial management and how to develop financial freedom. Education will also be offered on health and life insurance. Some members, who are professional in this area, have shown interest to offer their services and advice to members and the community.

The charity will also look at educating the community on healthy eating and mental health education. Emphasis will be placed on the spiritual development of members. Training will be given on how to live a Godly life, and how to be a better citizen of the United Kingdom. In addition, there will be career talks arranged for the children at the charity, to expose them to the various career options available to them.

Internal Controls and the Mitigation of Major Risks

The Trustees have put proper accounting procedures in place to ensure good financial practices are adopted for all transactions. They also have in place insurance for the Church property and contents against damages and fire which is reviewed each year.

Independent Examiner

The Trustees appointed Jilon Solution Ltd as the Charity's Examiner to review its annual accounts for the period ended 31 December 2022.

Review of Transactions and Financial Position

During 2022 income of £88k was received up on £84k in the previous year. Cash in hand and at Bank amounted to £24k and Fixed Assets at Net Book Value remained at £447k for the Charity this year.

The value of the RCCG Dominion Parish, Hounslow’s net assets as at 31st December 2022 was £489k.

6

RCCG DOMINION PARISH, HOUNSLOW Trustees Report (continued) for the ear ended 31[st] December 2022 y

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Charity Trustees are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees recognise their responsibilities to keep 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 company and hence 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.

Trustees Responsibilities

The Charities Act 2011 require the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the Trustees are required to:

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the Trustees: Oluwole Oyenekan

Date: 28[th] April, 2023

7

RCCG DOMINION PARISH, HOUNSLOW Independent Examiner's Report to the Trustees for the ear ended 31st December 2022 y

I report to the Trustees of The Redeemed Christian Church of God (RCCG) Dominion Parish, Hounslow on the accounts for the year ended 31st December 2022 which comprise the Statement of Financial Activities, the Balance Sheet, and the related notes to the accounts as set out on pages 11 to 18.

Respective Responsibilities of Trustees and Examiner

The Trustees of the charity are responsible for the preparation of the accounts. The Charity’s Trustee 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 required.

Having satisfied myself that the charity is not subject to audit and is eligible for independent examination, it is my responsibility to:

Basis of Independent Examiner’s Report

My examination was carried out in accordance with General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the organisation 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:

Mrs Oyin Ayandokun (FCCA) Jilon Solutions Ltd

Sign…………………………

Date……28 April 2023………………….

8

RCCG DOMINION PARISH, HOUNSLOW Statement of Financial Activities

for the year ended 31st December 2022

Notes


INCOME FROM DONATIONS:
Donations and Legacies
3
Investments
Other Income
TOTAL INCOME

EXPENDITURE ON:
Charitable Activities
4
TOTAL EXPENDITURE

NET INCOME
Gross Transfer Between Funds
5
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
87,524
15
87,539
83,905
1
7
8
3.5
288
0
288
156
87,813
22
87,835
84,065
74,694
0
74,694
82,998
74,694
0
74,694
82,998
13,119
22
13,141
1,067
0
0
0
0
419,722
55,761 475,483 474,416
432,841
55,783 488,624 475,483

Movements on all reserves and all recognised gains and losses are shown above. There were no recognised gains or losses in the year. All activities derive from continuing operations.

The notes on pages 11 to 18 form part of these financial statements.

9

RCCG DOMINION PARISH, HOUNSLOW Balance Sheet

As at 31st December 2022

Notes


Fixed Assets
Tangible assets
2 & 5

Current Assets
Debtors
7
Cash at bank and in hand
6
Total Current Assets
Creditors: amounts falling due
within one year
8
NET CURRENT ASSETS
TOTAL ASSETSless current
liabilities
Creditors:amounts falling due in
more than one year
9
NET ASSETS

Funds of the Charity
General Funds
Restricted Funds
TOTAL FUNDS		 Unrestricted Restricted
TOTAL
TOTAL
Funds
Funds 31-Dec-22
31-Dec-21
£
£
£
£
404,564
42,494
447,058
447,395
40,276
348
40,624
40,859
10,827
12,934
23,761
19,758
51,103
13,282
64,385
60,617
9,403
0
9,403
9,883
41,700
13,282
54,982
50,733
446,264
55,776
502,040
498,128
13,416
0
13,416
22,645
432,848
55,776
488,624
475,483
432,841
0
432,841
419,722
0
55,783
55,783
55,761
432,841
55,783
488,624
475,483

Approved by the Trustees on 28[th] April 2023.

and

Signed on their behalf by: Oluwole Oyenekan

10

RCCG DOMINION PARISH, HOUNSLOW Notes to The Financial Statements for the year ended 31st December 2022

1. ACCOUNTING POLICIES

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

Incoming Resources with related expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource 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 Gifts

Incoming resources from tax reclaims are included in the SOFA during the same period as the gift to which they relate.

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 if provided Is described in the Trustees' annual report.

Designated funds

Designated funds are allocated out of unrestricted funds by the Trustees for specific purposes. The use of such funds is at the Trustees’ discretion. There were no designated funds during the year.

Investment Income

This is included in the accounts when receivable.

11

RCCG DOMINION PARISH, HOUNSLOW Notes to The Financial Statements (continued) for the year ended 31st December 2022

Investment gains and losses

This included 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 the Trustees meetings and cost of any legal advice to Trustees on governance or constitutional matters.

Grants with performance conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or 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 performance conditions

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in 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 the resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Changes in Accounting policies and previous accounts

There has been no change to the accounting policies (variation rules and methods of accounting) since last year, and no changes to the previous accounts.

Assets

Tangible fixed assets for use by the charity:

These are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a straight-line basis over their estimated useful lives. An overall rate of 25% is applied per annum for computers and equipment and furniture and fittings are depreciated over three years.

No depreciation is charged to freehold property as the property is maintained to such a standard that the estimated residual value is not less than cost.

12

RCCG DOMINION PARISH, HOUNSLOW Notes to The Financial Statements (continued) for the year ended 31st December 2022

Basis of preparation:

The financial statements are prepared on the historical cost basis convention (as modified to include the revaluation of investments) in accordance with the Charities Act 2011, "Accounting and Reporting by Charities" (SORP 2015), applicable accounting standards and the Companies Act 2006. The accounts have been prepared on a going concern basis. The charity meets the definition of a public benefit entity under FRS 102.

The Charity has claimed exemptions available in Section 1a of FRS 102 not to prepare a cash flow statement since it is a small charity.

2. TANGIBLE
FIXED
ASSETS

Cost
Additions
Cost at

Depreciation
Charge
Disposals
Depreciation at
Net Book Value
Net Book Value		 Land &
Building
Computer
Equipment
Furniture
&
Fixtures
Office
Equipment
Total
£
£
£
£
£
01-Jan-22
446,783
2,298
3,075
5,952
458,108
0
0
0
0
0
31-Dec-22
446,783
2,298
3,075
5,952
458,108
01-Jan-22
0
1,686
3,075
5,952
10,713
0
337
0
0
337
0
0
0
0
0
31-Dec-22
0
2,023
3,075
5,952
11,050
31-Dec-22
446,783
275
0
0
447,058
31-Dec-21
446,783
612
0
0
447,395
3. DONATIONS AND
LEGACIES:
Notes

Tithes
Main Offering
Thanksgiving Offering
Building Fund
5
Mission Fund
Other Donations
Gift Aid Repayment
7

TOTALS		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
2022
2021
£
£
£
£
55,612
0
55,612
57,944
14,178
0
14,178
10,851
1,087
0
1,087
1,100
0
7
7
185
190
5
195
122
106
0
106
50
16,351
3
16,354
13,653
87,524
15
87,539
83,905

13

RCCG DOMINION PARISH, HOUNSLOW Notes to The Financial Statements (continued) for the year ended 31st December 2022

4. EXPENDITURE ON:

Charitable Activities
Notes
Payroll costs
10
Travel Expenses
International Travel
Welfare_&_Catering
Ministerial Gifts
Missions
Gifts to Individuals
Gifts to Organisations
Head Office Remittance
12
Events
Adult
Children
Youth
Rates
Rental Charges
Repairs and Maintenance
Utilities
Cleaning
Insurance
Mortgage Interest
Other Premises Costs
Postage Printing and Stationery
Telephone/Fax/Broadband
Office Equipment and Furniture
IT and Office Software
Volunteer Expenses
Consultancy and Professional
Fees
Accountancy Fees
Depreciation

TOTALS		 Unrestricted Restricted TOTAL TOTAL
Funds
Funds
2022
2021
£
£
£
£
37,405
0
37,405
41,488
330
0
330
54
629
0
629
0
200
0
200
44
350
0
350
750
200
0
200
800
1,200
0
1,200
1,300
250
0
250
900
16,876
0
16,876
16,790
600
0
600
0
0
0
0
0
72
0
72
0
9
0
9
0
2,505
0
2,505
4,173
732
0
732
719
3,448
0
3,448
5,762
2,597
0
2,597
2,365
160
0
160
0
1,572
0
1,572
1198
872
0
872
1,198
98
0
98
0
535
0
535
41
1,126
0
1,126
929
413
0
413
86
511
0
511
144
1,197
0
1,197
0
100
0
100
159
370
0
370
2500
337
0
337
1599
74,694
0
74,694
82,999

14

RCCG DOMINION PARISH, HOUNSLOW Notes to The Financial Statements (continued) for the year ended 31st December 2022

5. RESTRICTED FUNDS
Building Fund		 Balance
Income Expenditure
Transfer
Balance
01-Jan-22

31-Dec-22
£
£
£
£
£
55,761
22
0
0
55,783
55,762
22
0
0
55,783

The restricted building fund relates primarily to the church building. The restricted fund is part represented by the cost of church property. The excess is wholly represented by cash reserves of the charity.

6. CASH AT BANK AND
IN HAND
Current Account
Deposit
Petty Cash
TOTALS		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
31-Dec-22
31-Dec-21
£
£
£
£
16,370
24
16,394
6,411
-5,981
12,910
6,929
12,910
437
0
437
437
10,827
12,934
23,761
19,758
7. DEBTORS AND
PREPAYMENTS
Loan to Members
World pay Card
Recoverable Gift Aid
TOTALS		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds 31-Dec-22
31-Dec-21
£
£
£
£
5,750
0
5,750
7,750
2,320
0
2,320
0
32,206
348
32,554
33,109
40,276
348
40,624
40,859

The current loan repayment to members has now resumed in the 2022 financial year following suspension during the Covid19 pandemic years and is now expected to be fully paid off in the financial year, 2024.

8. CREDITORS: Amounts
Falling Due Within One Year
Mortgage Loan
Independent Examiners Fees		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
31-Dec-22
31-Dec-21
£
£
£
£
8,903
8,903
8,903
500
0
500
980
9,403
0
9,403
9,883

15

RCCG DOMINION PARISH, HOUNSLOW Notes to The Financial Statements (continued) for the year ended 31st December 2022

9. CREDITORS: Amounts
Falling Due in More Than One
Year
Mortgage Loan		 Unrestricted
Restricted
TOTAL
TOTAL
Funds
Funds
31-Dec-22
31-Dec-21
£
£
£
£
13,416
0
13,416
22,645
13,416
0
13,416
102,618

The mortgage is a variable rate Barclays commercial loan facility of £342,000 for a term of 25 years which commenced on 19th July 2006.

The annual commitments under non-cancelling operating leases and capital commitments are as follows: £8,903 (2021: £8,903) in regard to the mortgage.

10. STAFF COSTS AND NUMBERS
10. STAFF COSTS AND NUMBERS
Salaries
Employers NIC
Pension		 2022
2021
£
£
31,307
27,038
5,558
11,480
540
2,970
37,404
41,488

Employees who were engaged in each of the following activities:

Activities in furtherance of organisation's objects 2022
£
2021
£
1
1
1
1

No employee received emoluments in excess of £60,000

16

RCCG DOMINION PARISH, HOUNSLOW Notes to The Financial Statements (continued) for the year ended 31st December 2022

11. PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES

Notes


INCOME FROM DONATIONS:
Donations and Legacies
3
Investments
Other Income
TOTAL INCOME

EXPENDITURE ON:
Charitable Activities
4
TOTAL EXPENDITURE

NET INCOME
Gross Transfer Between Funds
5
Total Funds Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted Restricted
TOTAL
Funds
Funds
2021
£
£
£
83,905
0
83,905
4
0
4
156
0
156
84,065
0
84,065
81,800
1,198
82,998
81,800
1,198
82,998
2,265
(1,198)
1,067
0
0
0
417,457
56,959 474,416
419,722
55,761 475,483

12. RELATED PARTIES - RCCG UK & WORLDWIDE

The Charity is a parish of The Redeemed Christian Church of God which has parishes all over the world. The parish’s relationship with RCCG is governed by an ‘Agreement for Common Purpose’ duly executed as a deed between it and the Governing council of RCCG UK.

During the year 2022, a total of £16,790 was paid to The Redeemed Christian Church of God, a charitable company of Redemption House (referred to as 'Head Office Remittance'), towards its upkeep and majorly towards the World Evangelism Mission (WEM). The latter contribution is part of the fulfilment of the Charity's mission towards evangelism worldwide. The Governing Document for this payment is the Agreement for Common Purposes dated 2nd August 2001.

No payments were made to Trustees, or any persons connected with them during this financial period. No material transaction took place between the organisation and a Trustee, or any person connected with them.

13. RISK ASSESSMENT

The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event

17

RCCG DOMINION PARISH, HOUNSLOW Notes to The Financial Statements (continued) for the year ended 31st December 2022

of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

14. PUBLIC BENEFIT

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees’ report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

18