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← Redeemed Christian Church Of God ("Rccg") Garden Of The Lord

2023-12-31-accounts

Charity number: 1105082

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

UNAUDITED

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

CONTENTS
Page
Reference and administrative details of the charity, its trustees, and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6 - 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 16

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

General Overseer

Pastor E A Adeboye

Trustees

Pastor Ezim Eneli Pastor Bolanle O Ojeh Pastor Adebayo Fisher Dr. Seyi Adesina

Charity registered number

1105082

Principal office

Rehoboth Centre, Unit 1 Clydesmuir Industrial Estate, Clydesmuir Road, Cardiff, CF24 2QS

Pastor in Charge

Pastor Edwin Egede

Bankers

HSBC Bank Plc, 94 Albany Road, Cardiff, CF24 3RT

Page 1

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees present their annual report together with the financial statements of Redeemed Christian Church of God ('RCCG') Garden of the Lord (the church) for the ended 31 December 2023. The Trustees confirm that the Annual report and financial statements of the church have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.

Structure, governance, and management

a. CONSTITUTION.

The church is constituted under a Trust deed dated 5th July 2004 and is a registered charity number 1105082.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. 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 the Chair and other Trustees, followed by a series of short meetings with the Pastor in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs.

e. CONNECTED CHARITIES

The Church is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes."

f. RISK MANAGEMENT

The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church and are satisfied those systems and procedures are in place to mitigate our exposure to the major risks.

Page 2

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

Objectives and Activities

a. POLICIES AND OBJECTIVES

The objectives of the church are:

Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and its supplementary public guidance on the advancement of religion for public benefit.

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The church has adopted the following strategies for achieving the above objectives:

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The church in pursuant of her objectives organised program of events which were open to all throughout the period. There were on a regular basis Christian worship services in addition to teaching sessions.

d. VOLUNTEERS

The church is grateful for the unstinting efforts of its volunteers who participate in service provision, charity activities and fundraising. In the aftermath of the Covid Pandemic, the number of volunteer hours was reduced, and it is estimated that over 5,408 volunteer hours were provided during the year. If this is conservatively valued at £7.50 an hour the volunteer effort amounts to over £40,560.00

Achievements and performance

a. REVIEW OF ACTIVITIES

How our activities deliver public benefit.

In addition to its usual Sunday and weekly services, the church conducts a wide range of activities in the pursuit of its charitable aims. The trustees consider that these activities summarised below provide benefit to those who worship at our church and the wider community:

All are welcome to attend our regular services. At present, the congregational size of the church ranges from 50 to 100 members consisting of families permanently resident in Cardiff and students studying in three major universities – Cardiff University, University of South Wales, and Cardiff Metropolitan University.

The Church is keen to offer a range of services during the week and over the course of the year that our community finds both beneficial and spiritually fulfilling. For example, we provide prayers and worship open to the members of the community at various times in the week.

Page 3

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

Post the Covid Pandemic, several of the weekly meetings were still held online. However, in addition to our Sunday Services, we now hold a mid-week Service onsite at the Church premises, which is open to members of the community.

We have been successful in welcoming new families into our church and have a Worship Service with teachings specifically directed to family issues on the morning of the 3rd Sunday of each month.

We also have groups within the church which outreached to diverse groups in the Community, including the elderly and homeless. For instance, we visited and donated gifts to a major charity for the homeless based in Cardiff. In addition, we have provided support to international students and their families in getting accommodation and settling down in Cardiff. We also opened our Church’s facilities for various seminars, workshops, and Conference to enable individuals and families to fulfill and maximize their God-given potentials. Furthermore, we worked in partnership with Compassion UK, a Christian child development charity that works in various Countries to release children from poverty., a Christian child development charity that works in various

In line with our charitable objectives, during the 2023 Christmas festivities, we donated and presented gifts to families in the neighboring streets around the church premises. Again, like previous years this was received positively by the neighborhood.

b. INVESTMENT POLICY AND PERFORMANCE

The trustees have decided that at present, funds should be retained in the bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

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. The trustees recognises that the balance on the General Fund does not reach the target level of free reserves and are considering ways in which additional unrestricted funds will be raised.

Plans

a. FUTURE DEVELOPMENTS

The Charity intends to continue to improve its administrative structure to ensure a better attainment of her objectives and ensure continued growth.

The charity also intends to take further steps to encourage more families and youths in the community to be part of the church by arranging more programs directed towards families and youths. The church maintains a commitment to invest in children and youth development with the aim of making them successful and responsible citizens and enhance their spiritual growth. The youths would especially be encouraged to join the church’s discipleship and mentoring programs if they wish. In addition, we intend to put in place programs that would continue to build up families and provide support for university students.

Page 4

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report and the 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 & Wales requires the Trustees to prepare financial statements for each budget year which give a true and fair view of the state of affairs of the church and of the incoming resources and application of resources of the church for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the church and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees on

and signed on their behalf, by:

Pastor Ezim Eneli

Page 5

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

I report on the financial statement of the Trust for the year ended 31 December 2023 which are set out on pages 8 to 16.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The charity's Trustees are responsible for the preparation of the financial statements. 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:

Page 6

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was conducted 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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements 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 financial statements present a 'true and fair view,’ and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

About my examination, no matter has come to my attention:

Signed:

Dated: 04 October 2024

O. O. Osibanjo (AMCT)

4 Jinty Lane Mangotsfield, Bristol BS16 9QZ

Page 7

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2023

INCOMING RESOURCES
Incoming resources from generated funds:
Note
Unrestricted
Funds
2023
£
Voluntary income
2
100,099
TOTAL INCOMING RESOURCES
100,099
RESOURCES EXPENDED
Charitable activities
10
108,461
Governance costs
6
2,204
TOTAL RESOURCES EXPENDED
9
110,665
MOVEMENT IN TOTAL FUNDS FOR THE YEAR – NET
INCOME/(EXPENDITURE) FOR THE YEAR
(10,566)
Total funds at 1 January 2023
63,093
TOTAL FUNDS/(DEFICIT) AT 31 DECEMBER 2023
52,527		 Total
Funds
2022
£
88,605
88,605
74,209
1,752
76,881
11,724
51,369
63,093

The notes on pages 10 to 16 form part of these financial statements.

Page 8

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

BALANCE SHEET AS AT 31 DECEMBER 2023

FIXED ASSETS
2023
Note
£
£
£
Tangible fixed assets
139,801
CURRENT ASSETS
Debtors/Receivables
14-
-
Cash at bank and in hand58,431
64,557
CREDITORS:amounts falling due within
58,431
64,557
one year
15 (15,705) (11,648)
NET CURRENT LIABILITIES
42,726

TOTAL ASSETS LESS CURRENT LIABILITIES
52,527
CHARITY FUNDS
Unrestricted funds/(deficit)
16
52,527
TOTAL FUNDS/(DEFICIT)
52,527
The financial statements were approved and authorised for issue by the Trustees on
signed on their behalf, by:		 £

-
64,557
64,557
(11,648)		 2022
£
10,184
52,909
63,093
63,093
63,093
and

Pastor Ezim Eneli

Dr. Seyi Adesina

The notes on pages 10 to 16 form part of these financial statements.

Page 9

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

1.1 B a s i s of preparation of financial statements

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.

1.2 F u n d accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the church and which have not been designated for other purposes.

1.3 I n c o m i n g resources

All incoming resources are included in the Statement of Financial Activities when the Trust is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.

1.4 R e s o u r c e s expended.

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to activities, they have been allocated on a basis consistent with the use of the resources.

Support costs are those costs incurred directly in support of expenditure on the objects of the church and include project management conducted at Headquarters. Governance costs include the costs of governance arrangements which relate to the general running of the charitable company. These activities provide the governance infrastructure which allows the charity to operate and to generate the information required for public accountability. They include the strategic planning processes that contribute to the future development of the charitable company.

Page 10

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES (continued)

1.5 T a n g i b l e fixed assets and depreciation

All assets costing more than £500 are capitalised.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Music and church equipment - 25% reducing balance Office equipment - 25% reducing balance

2. VOLUNTARY INCOME

3.


Collections and donations
Tithes
Offering
Thanksgiving
Profit on sale of asset
Collection at other services
Gift aid income tax recoverable
Total
DONATIONS TO ADVANCE CHRISTIAN FAITH WORLDWIDE
Donations to institutions		 Unrestricted
Funds
2023
£
100,099
2023
£
67,383
28,012
3,384
1,320
-
-
100,099
Unrestricted
Funds
2023
£
26,757

Total
Funds
2022
£
88,605
2022
£
70,468
16,206
1,931
-
-
-
88,605
Total
Funds
2022
£
20,054

Page 11

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

4. LIST OF INSTITUTIONAL DONATIONS PAYABLE

2023 2022
Name of institution Donation’s description
£		 £
1. World Evangelism Mission Advancement of Christian faith 18,987 17,284
2. Festival of Life Advancement of Christian faith - -
3. RCCG - Central Office Advancement of Christian faith 600 600
4. African Mission Advancement of Christian faith - -
5. RCCG Parishes Advancement of Christian faith 6,350 1,500
6. Secular charities and relief of poverty Advancement of Christian faith 820 670
7.Other Charities
 Advancement of Christian faith -
 -

26,757 20,054

5. EXPENDITURE BY CHARITABLE ACTIVITY

SUMMARY BY FUND TYPE

Donations
Advancement of Christian Faith Worldwide		 Unrestricted
Funds
2023
£
Total
Funds
2022
£
26,757
20,054
81,704
54,155
108,461
74,209

SUMMARY BY EXPENDITURE TYPE

Donations
Advancement of Christian Faith
Worldwide		 Staff cost
2023
£
Depreciation
2023
£
Other cost
2023
£
Total
2023
£
Total
2022
£
-
-
26,757
26,757
20,054
-
1,378
80,326
81,704
54,155
-
1,378
107,083
108,461
74,209

Page 12

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

6. GOVERNANCE COSTS

Independent examiners fees
Legal & professional
Accountancy fees
Depreciation - tangible fixed assets		 Unrestricted
Funds
2023
£
Total
Funds
2022
£
800
800
-
-
-
-
1,404
1,872
2,204
2,672

7. DIRECT COSTS

Basis of
Allocation
Activities
£
Visiting ministers’ expenses
Actual
-
Wages and salaries
Actual
-
-
National insurance
Actual
-
-
SUPPORT COSTS
Basis of
Allocation
Premises cost
Actual
Music & equipment
Actual
Hire of equipment
Actual
Security costs
Actual
Building repairs
Actual
Printing & Stationery
Actual
Insurance
Actual
Bookstalls
Actual
Sundry Church Expenses
Actual
Bank charges
Actual
Motor Expenses
Actual
Travel
Actual
Advertising
Actual
Telephone & Communication
Actual
Electricity & Gas
Actual
Seminars & conferences
Actual
Depreciation
Actual		 Advanceme
nt of Chris
£
3,789
10,972
-
14,761
Advanceme
nt of Chris
£
32,664
200
-
-
3,979
328
1,770
750
13,058
168
-
4,226
527
996
6,448
450
1,378
66,943		 Total
2023
£
3,789
10,972
-
14,761
Total
2023
£
32,664
200
-
-
3,979
328
1,770
750
13,058
168
-
4,226
527
996
6,448
450
1,378
66,943		 Total
2022
£
2,610
4,380
-
6,990
Total
2022
£
27,399
175
-
-
1,935
700
1,721
70
5,026
136
-
533
367
832
6,909
685
677
47,165

8. SUPPORT COSTS

Page 13

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

9. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE

Donation
Advancement of Christian
Faith Worldwide
Charitable activities
Governance		 Staff costs D e p r e c i a t i o n
Total
2023
£
2023
£
2023
£
-
-
26,757
-
1,378 80,326
-
1,378
107,083
-
1,404
800
-
2,782
107,883		 Other Costs
Total
2023
£
2022
£
26,757
20,054
81,704
54,155
108,461
74,209
2,204
2,673
110,665
76,882		 Other Costs
Total
2023
£
2022
£
26,757
20,054
81,704
54,155
108,461
74,209
2,204
2,673
110,665
76,882
74,209
2,673
76,882

10. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES


Donations
Advancement of Christian
Faith Worldwide
Total		 14,761
Activities
undertaken
directly.
2023
£
-
14,761		 26,757
Donation
fundingof
activities
2023
£
26,757
-		 66,943
Support
Costs
2023
£
-
66,943		 108,461
Total
2023
£
26,757
81,704		 74,209
Total
2022
£
20,054
54,155

11. NET INCOME / (EXPENDITURE)

This is stated after charging:

2023 2022
£ £
Depreciation of tangible fixed assets:
- owned by the charity 2,783 2,550
Independent examiners fees 800 800
Independent examiners fee - other - -

During the year, no Trustees received any remuneration (2023 - £NIL). During the year, no Trustees received any benefits in kind (2023 - £NIL). During the year, no Trustees received any reimbursement of expenses (2023 - £NIL)

Page 14

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

12. STAFF COSTS

Staff costs were as follows:

Wages and salaries
Social security costs		 2023
£
2022
£
10,9724,380
-
-
10,972
4,380

The average monthly number of employees during the year was as follows:

2023 2022
No. No.
Administrator 2 2

No employee received remuneration amounting to more than £60,000 in either year.

13. TANGIBLE FIXED ASSET

Music and church equipment £

fittings and Motor Vehicle £ Total £

Cost

At 31 December 2023
Depreciation
At 1 January 2023
Charge for the year
At 31 December 2023
Net book value
At 31 December 2023
At 31 December 2022		 13,617
6,650
1,378
8,028
5,589
4,568		 25,996
20,380
1,404
21,784
4,212
5,616		 39,613
27,030
2,782
29,812
9,801
10,184

14. DEBTORS

DEBTORS
2023 2022
£ £
Other debtors - -

Page 15

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

15. CREDITORS: Amounts falling due within one year.

Social security and other taxes
Other creditors
Accruals and deferred income		 2023
£
2022
£
-
-
-
-
15,705
11,648
15,705
11,648

16. STATEMENT OF FUNDS

ATEMENT OF FUNDS
Unrestricted funds
General Funds
SUMMARY OF FUNDS
General Funds		 Brought
Forward
£
Incoming
resources
£
Resources
Expanded
£
Carried
Forward
£
63,093
100,099
(110,665)
52,527
Brought
Forward
£
Incoming
resources
£
Resources
Expanded
£
Carried
Forward
£
63,093
100,099
(110,665)
52,527

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Tangible fixed assets
Current assets
Creditors due within one year		 Unrestricted
Funds
2023
£
Total
Funds
2022
£
9,801
10,184
58,431
64,557
(15,705)
(11,648)
52,527
63,093

.

Page 16