## **REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS ASSEMBLY** ## **Trustees' Report For The Year Ended 31st December 2023** The Trustees present their report together with the accounts for the year ended 31 December 2023. The accounts have been prepared in accordance with the Statement of Recommended Practice 2005 and other applicable laws. ## **Structure, Governance and Management** The charity is constituted under a Trust Deed with registered charity number 1148444. ## **a) Method of Appointment or Election of Trustees** The management of the church is the responsibility of the Trustees who are elected and coopted under the terms of the Trust Deed. ## **b) Policies Adopted for the Induction and Training of Trustees** The induction process for any newly appointed member of the trustees comprises an initial meeting with other Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees. ## **c) Organisational Structure and Decision Making** The Charity is organised so that the Trustees meet regularly to manage its affairs There is an administrator/account personnel that handle the daily affairs of the charity. ## **d) Risk Management** The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate our exposure to the major risks. **Page 2** ## **The Redeemed Christian Church of God Overcomers Assembly** ## **Objectives and Activities** ## **a) Policies and Objectives** The objectives of the church are to advance the Christian religion for the public benefit in accordance with the doctrines of our Lord Jesus Christ, through the holding of prayer meetings, lectures, evangelism, distributing of literature and tracts, broadcasting and such charitable means as the trustees consider appropriate; and the relief of poverty. ## **b) Strategies for Achieving Objectives** The Charity has adopted the following strategies for achieving the above objectives: Organising seminars and events with proven speakers and ministers of the faith to guide members in the various aspects of the Christian faith; and support for other charities and Christian events. ## **c) Activities for Achieving Objectives** Advancement of christian religion Community outreach events. Provision of welfare support to members. Provision of support to other charities. Conferences and Events. ## **d) Grant making Policies** In line with the object of the charity, to relief poverty and the advancement of Christian religion worldwide. The charity has a policy of supporting missionary organisations such as the Festival of Life, World Evangelism Mission and other charities and members of the congregation who are in need, (this is at the discretion of the trustees). ## **e) Volunteers** The charity is grateful for the good efforts of its volunteers who are involved in service provision. The charity has a volunteer coordinator to ensure that best value is derived from the sterling efforts of our volunteers. **Page 3** ## **The Redeemed Christian Church of God Overcomers Assembly** ## **Achievements and Performance** ## **a) Review of Activities** The charity is consolidating the gains of previous development and has successfully ministered to the needs of various social groups within and outside the church. The charity provides forum for manpower development for its members to be equipped, educationally, socially and spiritually. It offers various counselling sessions to the needy, unemployed, and educational and makes referral whenever the need arises. The charity provides counselling services to members of the community. We have also embarked on various training programmes to equip more church volunteers with the relevant counselling skills that will help them serve the community better. We continue to support and encourage young people by providing a Youth Church where teenagers meet on Sunday afternoon under a caring, supportive and encouraging atmosphere. The charity still continues to fulfil its main objectives, by creating facilities to help develop the whole man, spiritually, mentally and physically. We have invested time, energy and money into activities and programmes that has helped prevent youth crimes, depressions in people, child abuse and such social vices that are eating deep into our society. ## **Financial Review** ## **a) Reserves Policy** The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding. ## **b) Principal Funding** This is provided mainly through voluntary offerings and tithes by church members and through gift aid scheme. Pledges are also taken for specific projects. **Page 4** ## **The Redeemed Christian Church of God** ## **Overcomers Assembly** ## **Plans for the Future** ## **a) Future Developments** The charity aims as part of fulfilling its main objectives, to continue 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. ## **Statement of Trustees' Responsibilities** The Trustees are responsible for preparing the Annual report and Financial statements in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Under the law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are requested to: • Select suitable accounting policies and then apply them consistently; - Make judgements and estimates that are reasonable and prudent; • State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; • Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. **Page 5** **The Redeemed Christian Church of God Overcomers Assembly** The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the General Directions given by the Charity Commission. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Approval** This report was approved by the board of trustees on 7.10.2024 and signed on its behalf by: Name: Pastor Patience Imeh Sambo Signature: Patience Imeh Sambo Date: 7th October 2024 **Page 6** The Redeemeé ChTiStiaB Ch￿re￿ of God Overcomtts Amtmbty Notes contiDueL. 5. Cost of generadng fun4b in f￿h¢ranCe of the eharity's objerts: 2023 2022 Telephone. Internet & Fax Rent & Rates Book5 & T¢aching Materialg Honordriurn Utilities (ligbL heat & power) Hosptta]ity & We]fare Support Church outreach & PubLicity 79 5.979 170 1,070 229 3.960 430 410 960 720 4.450 280 7578 11,159 O. Management & AdmiDiStrntiott of Charlty 21)23 2022 Charitsble &)natioDS: C¢Dtrnt Office Fund Church running expensts & Admiri￿0n L£gal & professional fees Bank charges Trnvelling exp￿L￿ & subsistence 600 17,299 15,163 6(X) 2.166 1,616 12 930 932 5.870 MiDister8' Allowances Printin& postage & statiimery Accountancy fees Depreciation: f￿tureS & equipments 10.i(K) 55 51)0 500 40.9(17 16.068 Nam¢'. Date:.. PAEe 12 REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS ASSEMBLY Balr4n¢e Sheet Ag At 31st December 2023 Fixed a5s¢ts 2023 2022 Tangible assets 1.462 Current 188ets Debtors Cash at bank and in kwid 18J74 11,549 18J74 11,549 Crediton . Amoullt falllng due within one year 500 Net current 17,874 11049 CreditOTS . amounts falling due all￿ one year- long terni l( (21,178) (51.178) Totsl Assets Less Liabllities l Total Net As*ts (Llabilities) (IW2 411,129 UNRESTRJCTED FUNDS Funds Restricted funds Unr¢stricted futmts (1.842) (40,129) Fund balances 1,842) 40,129) Board of Trnstees: Name: Sigllature: Page 9 REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS ASSEMBLY ststement Of Flu￿¢521 Acdvltles For The Year Ended 31st December 2023 Not Unrestricted Fund Restricted Fund Totsl 21123 2022 ltt¢omlng Resour¢e8 Voluntary Sourc&8. tith4 offtTiDgs. donation& thanks￿VIng. e Gift Aid Reclaim 36,831 36.831 26,208 6,691 6.691 13,190 Miscellaneou8 receipt. other income Rent receiv￿ (invcstmenl income) 43250 43,250 Total Ineomlng reaoure 86,772 86,772 39J98 Re8ourees E￿lld*d Cost of generntÈng fijndg fLtheraDce of the Charitys objectives Management & AdmiDistration of Charity 7,578 11,159 16.068 Totsl resources exp¢nded 48,485 27.227 Net incomlng resources l (outKolng) rewurces 382 12,171 Othu recognised gains and li)￿S GMS Transfer between filluls Net mov¢￿eTht ill thnds for the yeAr- Net IDcomel{expenditure) for the year 38.287 12.171 Total fun(18 brougbt fonvard 11112023 Amount wlo (40,129) (59,520) 7220 Total Funds Carried Forward At 31st December 2023 1,842 40.129 Si￿.. e8 The Redeemed Cbristlan Church of God Overcomers Assembly The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the General Directions given by the Charity Commission. They are also responsible for safeguarding the assets of the chaTity and hence for taking reasonable steps for the prevention and detection of fraud and other i￿egularltlc8. roval This report was approved by the board of trustees on ... its behalf by: ..and signed on Name:... Signaturc: Page 6 ## **REDEEMED CHRISTIAN CHURCH OF GOD OVERCOMERS ASSEMBLY** ## **Accountants / Independent Examiner's Report To The Trustees- 31st December 2023** We have examined the financial statements on pages 2 to 12 which have been prepared in accordance with the accounting policies set out on page 4. ## **Respective responsibilities of the trustees and independent examiner** The charity trustees are reponsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year (under section 144 (2) of the charities (Act 2011) (the 2011 act). It is our responsibility to: - examine the accounts (under section 145 of the 2011 Act; - follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner's report** Our 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 organisation and a comparison of the accounts presented with those records. It also includes consideration of unusual items or disclosures in the accounts and, seeking explanation 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, I do not express an audit opinion on the view given by the accounts. It is our responsibility to form an independent opinion, based on my examination, on those financial statements and to report on my opinion. ## **Independent Examiner's Statement** In connection with our examination, no matter has come to our attention: - 1) which gives us reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare acounts which accord with the accounting records and to comply with the accounting requirement of the 2011 Act have not been met. - 2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ## Flourish Global Consulting (A firm with Chartered Accountants & Management Consultants) Unit 9, Challenge House 616 Mitcham Road Croydon, Surrey CR0 3AA Date: 29.10.2024 **Page 7**