RKDFTrlItWD CHRISTILN CIIURCH OF GOD RENLIVAL GROUND I)ARIS'H TRUSTEES, ANNUAL REPORTS & ACC,OUNTS OR THE PERIOD 1ST JANL'ARY I'C) 31%'1' DECEJIJIFR 2022 Charity Number 1099036 DFEIKIED CHRISTIALN CHURCFI 014 GOD Rf4 NWWAL GROI.-ND PARISH Contents l. Trustees Annual Report Pages 14 2. Independent Examiner's report Page 5 3. Statement of Financial activities Page 6 4. Balance Sheet Page 7. 5. Notes to the Financial statement Pages 8-14 REDFFIIED CHRISTIAN, CHIJRC,H OF GOT) lIL￿.EwAL GROU_ND PARISII TRLTSTEES IIEPORT FOR TIIE I"FAR 31 DPCP￿IIs￿R 206)26 . The Pastor in Charge: Peter BASHORUN Church Correspondence Address: 12 Chester Close, Chafford Hundred, Grays, Essex RM 16 6ET. Church Worship Address: St. Olave's Church Hall Woodberry Down Manor House IA)ndon N4 2TW Trustee Members: Olatade AMOS Ichairperson] Emmanuel. E. EGBOCHUO Mr. John FARAYIBI Bankers: HSBC Bank Plc. 3 12 Seven Sisters Road Finsbury P￿k London N4 2AW. Accountsnts: Labami Consultancy Ltd. Management Consulting & Accountancy. 16 Warren Gardens Kent, TNI I OBF. Independent Examiner I£mo Corporate Chartered Certified Accountant 8 15 Old Kent Road IK)ndon SE15 INX Paqe l of 14 REDEEJIED CIIRISTIALN CHI-,RCH OF GOD RE.NI4 WAL GRC)I",¥D PARI&iH TRI",STFFS ANYUAL REPORT FOR 'IHb YEAR F)IDFT) .31 DECE￿IBER .")OQ6) The board herewith Presents herewith the activities rcport and audited financial report for the year ended 31 December 2022 with external examiner report. The trustees collfirm that this report comply with the cu￿ent statulory requirements: the requirement governing the document of the Church. Charities Act 2011 and Accounting and Reporting by charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Stsndard applicable in the UK and Republic of Ireland published on 16 July 2014. 'Appointment of Trustee Members: The trustee memkrs were elected in accordance with the lernis of Trust deeds according lo the Charity commission recommendations. Each member was elected on hi&lher merit based on experience. independence of thoughL opinion and ¢ommitmenL ConstitutioD of the Church: The church came to existence on l O March 2002 as an offshooi from RCCG - Redemption ParislL Leyton in London. From 18 August 2003, the Church has obtained ils full Registered Charity status with charity number 1099036. '1"here have been some changes in the trustee's members and their details which has adequafrly reported on every annual submission Principal Activity of tbe Cburch The Redeen]ed Christian Chuwh of God- Renewal Ground Parish (the church) is a Non- Profit making Organisation. Its principal activity is to preach the gospel of Jesus Christ. drawing people to Christ through various soul winning prograrnmes of evangelism, touching liv¢s and making disciples among people of all Nations. Another imwrtant object of the church is to cater for welfare of its members and non- members within the limit of its resources. Organisation of the Church.. The church is organised in a way to allow the trustees to meet on regular basis for the effective management of the activities and its affairs. The Church also has an administrator, who in agreement with the p&stor reswnds to all administrative and correspondence matters of the ChurclL Risk Anatysis and Management: The Trustces have considered probable financial and otherwkse risks that th¢ charity is exposed and systems havc been established based their cxpcrience and w)licy guidelines published by the UK headquarter of the mission to minimise them where unavoidable. Internal Procedures are established and are regularty reviewed to ensure compliance. Related Party Relationshipk Renewal Ground Parish is a member of Redeemed Christian Church of God (RCCG). which has parishes in many countries all over the world. This means it has close relatkonship with RCCG and ils Parishes WorldThide. This relationship is governed by a document called the -Agreement for Common Purposcs" in the areas of making financial contributions and human representations. Page 2 of 14 CHRISTIAN- e,HL.RCH OF GOD R￿￿T￿￿TAL GROL_ND PAIII%H TVRI",8TFFS RFPORT Ic'oNTiIITEDI OR THP YFJ2lR .41 1)FCFlf13ER S?092. Reserves Policy: The 1Th￿tees still have not I￿en able to set aside an Unrestricted Amount &8 anticipated for this accounting period. however. there is a Deposit account linked to the Current account of the Church with th¢ same bank. It is in this Deposit account that a Substantial Sum of the Church money is kept as reserve and nol used for running the expenses ofthe church except for when there is a serious financial need. which currently has a balance in in excess of Fifteen Thousand Pounds [£15,IK)O.001 Wc plan lo increase this amount after our successful gift aid claim and for the Irustees to de￿rnlIne how best to add value to it. In the year under rcport, the Church did not generate enough money in furtherance of his activities. It has deficit balance of One thoUs￿d, nine hundred and ninety-three tx)und5 and thirty-four pence. [£1,993.34p) No .money was taken from savings Deposit account but the difference was covered with tithes and offering donation received as a going concern organisation. Review of the financial and Asset Management continuc to be the practice of the board of trustce. The Restricted fund has not been established yet because of the current S17£ of the congregation members and associated fmancial matters however. all the available income has allowed Iclassified as "Unrestrictcd with all expenditures subject to Approval of the Board of I rustee" Grant imaking Polici&*.. The parish has a policy of supwrting visiting ministers of the Jospel both from within and olltside the United Kingdom in financial tenns. Support is and always given to RCCG Central o￿le¢ administration. World Evangelism Mission {WEM). The Church gave a donation of £250.00 towards Festival of Life (FOL)progrdmme in the year and Contribution to other RCCG ¢oll¢¢tive programmes in pursuil of gospel mission and in compliance with the agreeEnent of common purw)se. In addition to the above and in accordance to the objective of the church, it also gi￿¢$ occasional and one-off welfare grant and support to congregalional members who are in need or support for those who are bereaved. REVIEW OF THE ACTIVITIES AND FUTURE DEVELOPMENrs: The activities of the Church have centred on numeri￿ gro￿ of the congregational members as well as spiritual advancemenL On the average we have 65 Adults and 40 members in Youth and Children Departments The Church now operates Hybrid Servic¢s. Physical in Church Building on Sunday5 and special programmes while the Mid-week is done OD Zoom and free conference line and has been very effective. Sunday school services are also streamed on Zoom lit￿ while the Sunday school summary also goes out live on You Tube and Face1￿k. In future the Church intend to go fully Digital in her proorammes The Church had a special 2 days end of the y¢ar prograll]me theMed-O￿ral10n No Crossover (Thursday 29 & Friday 30 December 2022 and 2022into 2023 Crossover servic¢ TIIL Cliiircli siKIi(liIw ivill r¢lli￿lI I£￿ge1). lo.supixii1 IIIL L4)sIK"l. rLiil ol. i)Itili￿5 r()r *ii'ii'Lb, cnnii)liI1llcL fLqiiifLIIILnls and coi)tr&l)ulioIL¥ to Il'odd Li.￿￿Tell51]I Missioii. A5 IL ￿ diL' Cu%l()iii, viiiliiig MITii.slcr Tr￿11 l)L given lionomiiiIii for tlic"I cacliing and Mil)is1￿1]UnS Community Outreach: The ¢omTnunity oL￿eaCh w&s held on a low for fInancial constraints. notwithstanding, hampers were given out to people in the COTnmunity during Christmas Season. The Church had a very interesting and very. successfuI community event uch bigger than 2021 on Saturday 23 July 2022 Poge 3 of 14 FOR YEAR KNDKD 31 DEc￿BER 2022. Yollth And Skngks hfjjistry: Youth ￿]sty is for thildren ages 4.11 It Contin￿ to inspiT￿ by Sist¢rAdwla K0￿￿l8fe. ￿ aCtsvit￿$ take pkn on Zoom on most Satsrdays befittillg Church building of hu ovm in the Dcarfutswe is b1iJ] w I)U￿ on goin& The year, vlhich ￿Va8 true and fair Tiew of the state ofaffalrs of the Church and of the swplus or pr¢$7Dne that the Tntst will CO￿An￿e in owthion] financial T￿ltiOn of the church in compjAa￿ withthe Clwities Act as applicable. This wort wds approved by the trwttts on 24110 12023. P￿e40f14 CO R PORA T E Chartered Certified Accountants B75 OldKeni Road Ltsndon SE75 TMX Tpl. 020 7732 7017 Fax." 02D 7732 f735 Jn¥nreOlemo-cgrporate.co uk y￿A¥.1￿m¢.ttyptsrOte ¢¢.uk VAT R•g No. 643m Independent Examiner's Report to the TnLsttts ofRCCC - Renewal Ground Parish We report on the accounts of RCCG - Renewal Ground Pan"sh for year ended 31 DeCem￿r 2022 which are sei out on pages 6 to 14 Respectiv¢ respo￿5￿bIlitieS oftrusttts and ekwDiner The chartty's twslees are resw)nsible for the Preparaiion of the accounts. The charity's trusiees consider that an audit is not required for this year (under section 14412) of thc Charities Aci 2011 (the 2011 Act)) and that an Inde￿nderf examination is needed. Ii is my responsibility to= examine the accounts (under section 145 of ihe 2011 Acl)- to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act)- and io stale whether particular matters have con* ￿ my attention. Basis of inde￿ndent examiner's report My exarnination was carried out in accordance with the General DiT￿tionS given by the Chariiy Commission. An examin￿10￿ includes a ￿VIeW of li￿ accounting record5 kcpi by the chartty and a Comparison of the accounts presen￿1 with ihose recurds. It also includes conSider￿10n of any unusual items or disclosures in the accounts and seeking explanations from you as trnslees concerning any such mar(ers. The prwedures undertaken do not provide all the evidence thal would k required in an audit, and consequently I do not express an audit opinion on view given by the accounts. Independent examiner's statement In conneciion wilh my examination. no matter has come to my attention: ( l) which gives rne reasonable &iuse lo believe that in any JtktrTial respect ihe requiremen to keep ￿COUn(1ng ￿ordS in accordance wits% I30 of the 2011 Act; and to prepare accounts which accfjrd with the accounting records and comply with the accounting requiremenis ol the 2011 Act have not kcn Tnei- or (2) to which. in my opinion, attentson should be drawri in order io enable a proyr understsnding of the accounts io be reached. Name: MR. IBOLA LEMO (FCC& Msc) Signature Da 27 10 2013 sof 14 REDEEMF.D CHRIsfLIN CHURCH OF GOD RENF.W.IL GROUND PARISH srATEMENT C)F FtNIlNCIAL ACllVtfIES JNCOME ANTD EXTENDI'fLI1F.. For Thc FinanciaI . earof 1st 2nu2rY tn .31 December 2021 LiDrestricted Unrcstricted Funds unds 2022 2021 Notes Gift aid Collected Donations C,ollections and Planned Giving-Tithc Collection at all Church services Collection Towards Buiidmg Bank Interest 51036.18 21.3.30.82 54.766.80 20.993.76 1.55 75.762.11 TOTAL INCOMING RbSOURCPS 74,-367.00 RESOURC.ES F￿TrF.NDED 2022 2021 Grants Payable - Instimtional-WEML Grants Payabk - Individu21 c.ost of ilctivitics in Furth￿%￿ce of the Charity's c>bjccts Resoutccs Expended on bfan2ging and Admintsteting the Charity Total Resources Expended in the year Net Moi?ement of Funds ia the year TOT,IL FUNDS AT l JIIN L',_4RY TOT..iL FUNDS AT 31 DECLUBEIL 8&11 11.8(M).35 1547.93 12.811.76 1,689.58 10 28,515.05 17280.60 33,497.01 76.360.34 1.993.34 28,806.45 26.813.11 33.388.45 65.170.39 10.51)1.72 18214.7.3 28,￿.45 Page 6of14 BENEWAL GROiJND PARISH of 1st tt) 31 Deceth 2tr22 13 Q370Z7 7yO.82 15 2522172 Z7247.82 o.(K) 2522272 Z72Kt.82 31.59199 34,588.64 16 17 4.779.88 &78219 26 813.11 Baljnce as at]amary MoFeJneAt of in year 28,￿.45 1.99334 26 813.11 14214.73 10.591.72 28.806.45 on i 4 / 10 /2LY23. S]g￿a theirt&if br. Pastor O]2tsde Amos trLStee Meuthez) Page 7rf14 REDEE￿IED CI{1£19TIA￿ CEIIJPXCII OF GOD RLNEIVAL GROL.ND PAI