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2021-03-31-accounts

RCCG

Trustee’s Annual Report & Financial Statements

Year ended: 31[s] [s][t] [t] March 2021

[C] C[h] h[a] a[r] r[i] i[t] t[N] N[o] o[:] :[1] 1[1] 1[1] 1[9] 9[3] 3[4] 4[3] 3

[y] y

ntents
Page
▪ Legal and administrative information
3
▪ Report of the Trustees
4
▪ Report of the Independent examiner

Contents

▪ Statement of financial activities ▪ Balance sheet

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2

Legal and administrative information

Board of Trustees :

Principal Office:

Bankers:

Accountant/ Independent examiner:

Charity Structure & Governance:

Oluseyi A. Famuyiwa Cynthia Ayela Awosika Adekunle Adekola Mobolaji O. Dawodu

Precious House 6 Hart Hill Street M8 8AG Manchester

Unity Trust Bank Nine Brindley Place Birmingham B1 2HB

Tunji Ogedengbe 36 Daffodil Close, Hatfield Herts, AL10 9FF

Charity registered on 22nd May 2007 and controlled by its governing document as stated on the Trust Deed .

3

Report of the Trustees for the year ended

The Board of Trustees present their annual report for the year ended March 31st, 2021, as annexed in the Financial Statement. The accounts have been prepared in accordance with the accounting policies set out in pages 4 and 5 of the annual accounts document; and complied with the Charity Trust Deed and recommendations of the Statement of Recommended Practice, Accounting and Reporting by Charities and complied with the applicable law.

Principal Focus and Objectives

The RCCG PRECIOUS PEOPLE PARISH church is a member of the Redeemed Christian Church of God UK (RCCG UK) a global Church present in 180 nations all over the world and with over 700 parishes in the UK).

PRECIOUS PEOPLE PARISH is constituted as a charity by its own right and is therefore governed by the charities Act 1993. In line with the RCCK UK mandate, PRECIOUS PEOPLE PARISH strives to make heaven and to take as many people as possible along. We also affirm our commitment to work with other Churches in the United Kingdom and beyond in promoting Christian unity and advancing the gospel of our Lord Jesus Christ .

Objectives of Charity:

1) The advancement of the Christian Faith worldwide.

2) The relief of sickness, promotion of healthy living and alleviation of poverty through provision of materials or services of any kind including counselling and family support.

3) The advancement education by using the Church as a platform to support training and personal development of members and the community through seminars, conferences, and facilitation of trainings.

Strategies for achieving the objectives:

RCCG Precious People Parish’s vision is to fully become A Church to Partake, Produce and Provide for her community. The parish regularly reviews these objectives and measuring to ensure strategies continue to be ‘fit for purpose’ and capable to fulfilling the mission. At end of this year the below strategies were outlined and revalidated for upcoming year.

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2)
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We believe that a Christian without condemnation of heart has a right to thank God in adoration and in prayer always. The project was the birthed (which is still on-going) tagged ‘’ Operation pray for your Jerusalem, Judea, Samaria and the uttermost parts’’. Precious People Parish is committed to praying for the community, leaders, and the nation as a whole.

4

Development, activities, and achievements of the year:

Some of these key programmes included the weekly Sunday service, Sunday School Classes, Bible Study, Believers Class and Prayer meetings. These Church meetings aimed at developing the Biblical understanding of members and fellow Christians.

The inter-denominational fortnightly prayer clinic popularly called ‘’the King’s heart’’ is open to the public where special prayers are raised on pressing issues. Precious People Parish saw a significant growth in spiritual lives of members and volunteers compared to previous year; and there is expectation the upliftment will give way to increase in membership and the overall growth of the Church.

The Church continued to find more ways to transform lives through prayers and by meeting their spiritual needs. By the grace of God; the parish involvement continued to get stronger through community interaction, leadership and good work.

5

Membership & Attendance:

The key resources of Precious People Parish include the committed staff and volunteers who daily drive the Church activities. The membership of the Church continues to grow on a steady basis with number up to 300 of which about 59 are volunteering for the Church.

Charitable Donations:

RCCG Precious People Parish support a number of charities and other faith Charity organisations in material and gift donations. We also actively and strongly support the World Evangelical mission which aims at furthering the Christian faith all over the world.

This year the Board of Trustees considers the performance of the parish to be satisfactory in terms of its new level of activities.

Future development:

The Charity will continue with ongoing activities and will plan few more strategies for the future. We hope to increase our involvement with community through social inclusion by further strengthening our counseling sessions, biblical teaching, economic empowerment, impacting entrepreneurship skills etc. There are specific plans for the future which include:

We hope to increase our involvement with community through social inclusion by further strengthening our counseling sessions, developing biblical principles, organising leadership seminars, economic empowerment, impacting entrepreneurship skills etc

Financial results and future activities :

The statement of the financial activities shows income of £190,611 and expenditure of £180,699. This financial support from members enabled the Church to fund all her activities and projects. The present level of funding is adequate to support the continuation of the church objectives.

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 have been provided in this 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.

Risk Management:

The Board of Trustees are also responsible to assessing the Charity emerging and predictive operational. The Trustees are supported by the Management Team to put in place sufficient landscape as well as the forward-looking risks which the Church may be exposed to; are

6

satisfied systems are in place to mitigate key risks and where required have put in place risk acceptance model to support the Charity operations.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the trust's aims and objectives and in planning future activities.

Volunteers:

The Trustees in conjunction with the pastorate appreciate the unquantifiable efforts and unending support from voluntary workers who have supported to ensure Church programmes continue without hindrances. As part of the Charity commitment to human capital development, our volunteers are being assessed for training where necessary to function effectively. We are greatly indebted to these volunteers for their commitment and support.

The Trustees also receive regular updates and are made aware of relevant events and training opportunities when they arise for personal development

Principal Funding :

The Church members continued to be the main source of income in form of donations and gifts given to the church. Gift aid is claimed on applicable income received.

Approved and signed (on behalf) of the Chairman Board of Trustees

RCCG Precious People Parish, Manchester

7

This is to confirm that REDEEMED CHRISTIAN CHURCH OF GOD PREaOUS PEOPLE PARISH ertQFEd ovilE RegiKIEr 22 2007 1119343 PSL& SLÉSt c￿1 aecL¢ipe

Charity no 1119343

RCCG PRECIOUS PEOPLE PARISH

Annual Accounts

1 APRIL 2020 - 31 MARCH 2021

Prepared by DTT Consultancy Ltd

RCCG RCCG PRECIOUS PEOPLE PARISH RCCG PRECIOUS PEOPLE PARISH RCCG PRECIOUS PEOPLE PARISH RCCG PRECIOUS PEOPLE PARISH RCCG PRECIOUS PEOPLE PARISH
Annual accounts for theperiod
Period start date
1st Apr 2020		 To Period end
date		 31st March 2021
~~6~~
Recommended
categories by activity
Details of own
analysis
Incoming resources (Note 3)
Incoming resources from
generated funds
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
Incoming resources from
charitable activities
S04
Other incoming resources
S05
Total incoming resources
Resources expended (Notes 4-8)
Costs of Generating Funds
Costs of generating voluntary
S06
income
Fundraising trading costs
Investment management costs
Charitable activities
Governance costs
Other resources expended
Total resources expended
Net incoming/(outgoing) resources before
transfers
Gross transfers between funds
Net incoming/(outgoing) resources before
other recognised gains/(losses)
Other recognised gains/(losses)
Prior Year Adjusrtment
Gains and losses on investment assets
Net movement in funds
Total funds brought forward
Total funds carried forward
S07
S08
S09
S10
S11
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
Note		 Unrestricted
funds
£
F01
186,711		 Restricted
income
funds
£
F02		 Endowment
funds
Total this year
£
£
F03
F04		 Total last
year
£
F04
- - - - -
165,325 - - 165,325 195,767
- - - - -
- - - - -
15,373 - - 15,373 18,549
- - - - -
- - - - -
180,699 - - 180,699 214,316
9,913 - - 9,913 12,098
- - - - -
9,913 - - 9,913 12,098
- - -
- - - - -
9,913 - - 9,913 12,098
294,078 - - 294,078 281,981
303,991 - - 303,991 294,078

RCCG PRECIOUS PEOPLE PARISH (APRIL 2020 - MARCH 2021)

Section B Balance sheet

Unrestricted
funds
Restricted
income
funds
£
£
Fixed assets
F01
F02
Tangible assets
(Note 9)
B01
B02
Investments
(Note 10)
B03
Total fixed assets
B04
Current assets
Stock and work in progress
B05
Debtors
(Note 11)
B06
(Short term) investments
B07
Cash at bank and in hand
B08
Total current assetsB09
Creditors:amounts falling due within
one-year
(Note 12)
B10
Net current assets/(liabilities)
B11
Total assets less current liabilities
B12
Creditors:amounts falling due after
one-year
(Note 13)
B13
Provisions for liabilities and charges
B14
Funds of the Charity
Net assets
B15
Unrestricted funds
B16
B17
Restricted income funds(Note 14)
B18
Endowment funds(Note 15)
B19
Total funds
B20
Signed by
Note
501,240
-
-
-
-
-
501,240
-
-
-
-
-
17,840
-
17,840
-
400
-
17,440
-
518,680
-
214,689
-
-
-
303,991
-
303,991
-
303,991
-
Signature
Seyi Famuyiwa		 Unrestricted
funds
Restricted
income
funds
£
£
Fixed assets
F01
F02
Tangible assets
(Note 9)
B01
B02
Investments
(Note 10)
B03
Total fixed assets
B04
Current assets
Stock and work in progress
B05
Debtors
(Note 11)
B06
(Short term) investments
B07
Cash at bank and in hand
B08
Total current assetsB09
Creditors:amounts falling due within
one-year
(Note 12)
B10
Net current assets/(liabilities)
B11
Total assets less current liabilities
B12
Creditors:amounts falling due after
one-year
(Note 13)
B13
Provisions for liabilities and charges
B14
Funds of the Charity
Net assets
B15
Unrestricted funds
B16
B17
Restricted income funds(Note 14)
B18
Endowment funds(Note 15)
B19
Total funds
B20
Signed by
Note
501,240
-
-
-
-
-
501,240
-
-
-
-
-
17,840
-
17,840
-
400
-
17,440
-
518,680
-
214,689
-
-
-
303,991
-
303,991
-
303,991
-
Signature
Seyi Famuyiwa		 Unrestricted
funds
£
F01		 Restricted
income
funds
£
F02		 Endowment
funds
£
F03		 Total this
year
£
F04		 Total last
year
£
F04
501,240 - - 501,240 507,144
- - - - -
- - - - -
501,240 - - 501,240 507,144
- - - - -
- - -
- - -
17,840 - - 17,840 11,110
17,840 - - 17,840 11,110
400 - -
400 400
17,440 - - 17,440 10,710
518,680 - - 518,680 517,854
214,689 - -
214,689 223,775
- - -
- -
303,991 - - 303,991 294,078
303,991 303,991 294,078
-
- -
- -
303,991 - - 303,991 294,078
Signature Print Name
Seyi Famuyiwa Oluseyi Famuyiwa 31 July 21

RCCG PRECIOUS PEOPLE PARISH (APRIL 2020 - MARCH 2021) Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities.

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

or Financial Reporting Standards for Smaller Enterprises (FRSSE);

Give details in this box if a different standard has been followed.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

RCCG PRECIOUS PEOPLE PARISH (APRIL 2020 - MARCH 2021)

Section C Notes to the accounts

(cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

Note 2
Accounting policies
This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or
additional policy has been adopted then this is detailed in the box below.		 Note 2
Accounting policies
This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or
additional policy has been adopted then this is detailed in the box below.
INCOMING RESOURCES
Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when:
resources •
the charity becomes entitled to the resources;
•
the trustees are virtually certain they will receive the resources; and
•
the monetary value can be measured with sufficient reliability.
Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure the incoming resources 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 Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts which they relate.
Contractual income and This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
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 These are only included in incoming resources (with an equivalent amount in resources
facilities 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 is described in the
trustees’ annual report.
Investment income This is included in the accounts when receivable.
Investment gains and losses This includes 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 trustee
meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service
conditions 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 These are only recognised in the accounts when a commitment has been made and there are
performance conditions no conditions to be met relating to the grant which remain in the 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 resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use
These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress These are valued at the lower of cost or market value.

RCCG PRECIOUS PEOPLE PARISH (APRIL 2020 - MARCH 2021)

Section C Notes to the accounts

(cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

This year
Analysis
£		 This year
Analysis
£		 Last year
£
Voluntaryincome Tithes 186,711 217,316
Activities for generating funds
Investment income
Other Incoming Resources		 Total
186,711		 217,316
- -
- -
- -
- -
- -
Total
-		 -
- -
- -
- -
- -
- -
Total
-		 -
Gift Aid 3,900 9,098
- -
- -
Total
3,900		 9,098

RCCG PRECIOUS PEOPLE PARISH (APRIL 2020 - MARCH 2021)

Section C Notes to the accounts

(cont)

Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.

Costs of generating
voluntary income
Fundraising trading
costs
Investment
management costs		 This year
Analysis
£		 This year
Analysis
£		 Last year
£
Printing,Postage & Stationary - 227
Travel & Transport - 210
Salaryrelated cost 72,920 107,769
Equipment(Capital) 5,541 6,614
Repair and maintenance 32,375 4,233
Car Related 2,657 3,656
Telephone related cost 5,206 3,159
Electrity/Water/ Gas bill 4,959 5,184
Professional services 6,367 4,006
Insurance 6,888 7,240
Honourarium 250 5,000
Finance charge 72 107
Office Expenses/Equipment 0
700
Other Admin cost 1,478 5,726
Buildingrelated expenses 3,908 1,050
Conference - 2,060
Depreciation - 5,904
Hospitality,Catering& Entertainment 200 5,211
Other Expenses 5,261 4,027
Media Equipment/multimedia 6,456 2,672
Feeprocessing - 2,155
Financepayments 2,072 6,706
Securitycost - 2,217
Cleaning,decoration & sanitisation cost - 844
Mortgage interest 8,714 9,091
Total
165,325		 195,767
- -
- -
- -
- -
- -
Total
-		 -
- -
- -
- -
Total
-		 -
Charitable activities WEM/ COF 4,000 4,450
Festival of Life 600 5,250
Evangelism/CommunityEvents 1,572 3,190
Donation 950 2,320
Food Bank 3,059 1,032
Welfare 5,192 2,306
Total
15,373		 18,549
Governance costs
Governance
- -
- -
Total
-		 -

RCCG PRECIOUS PEOPLE PARISH (APRIL 2020 - MARCH 2021)

Section C Notes to the accounts

(cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

support costs.
**Support cost type ** Fundraising activity
£		 Charitable Activity
£		 Governance Activity
£		 Total Cost
£
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Total
-		 - - -

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses Nature of the expenses

Total amount paid

This year Last year
£ £

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Independent examiner’s or auditors' fees for reporting on the
accounts
Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor		 This year
£		 Last year
£
400
400

RCCG PRECIOUS PEOPLE PARISH (APRIL 2020 - MARCH 2021)

Section C Notes to the accounts

(cont)

Note 9
Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
9.1 Cost or valuation
Balance brought
forward
Additions
Revaluations
Disposals
Transfers
Balance carried
forward
9.2 Accumulated depreciation and impairment provisions
Basis*
 Rate
Balance brought
forward
Depreciation charge
for year
Impairment provisions
Revaluations
Disposals
Transfers
Balance carried
forward
9.3 Net book value
Brought forward
Carried forward
Motor Vehicle
F&F
Computer
Equipment
Word & Sound
equipment
Machineries &
Equipments
Capitalised
repairs
£
£
£
£
£*
16,741
23,203
11,830
45,659
36,148
70,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
16,741
23,203
11,830
45,659
36,148
70,000
SL or RB
SL or RB
SL or RB
SL or RB
SL or RB
16,741
17,699
2,410
45,659
13,928
-
2,422
3,482
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
16,741
20,121
2,410
45,659
17,410
-
-
4,996
9,420
-
29,184
70,000
-
3,082
9,420
-
18,738
70,000		 Tangible fixed assets
note if the charity has any tangible fixed assets
 Tangible fixed assets
note if the charity has any tangible fixed assets
 Tangible fixed assets
note if the charity has any tangible fixed assets
 Tangible fixed assets
note if the charity has any tangible fixed assets
 Tangible fixed assets
note if the charity has any tangible fixed assets
 Tangible fixed assets
note if the charity has any tangible fixed assets
Motor Vehicle
£
F&F
£		 Computer
Equipment
£		 Word & Sound
equipment
£
Machineries &
Equipments
Capitalised
repairs
£		 Payments on
account and
assets under
construction
£		 Total
£
16,741 23,203 11,830 45,659 36,148 70,000 400,000 603,581
- - - -
- - - - - -
- - - - - -
- - - - - -
16,741 23,203 11,830 45,659 36,148 70,000 400,000 603,581

SL or RB		 SL or RB SL or RB SL or RB SL or RB SL or RB
16,741 17,699 2,410 45,659 13,928 - - 96,437
2,422 3,482 - - 5,904
- - - - - - -
- - - - - - -
- - - - - - -
- - - - - - -
16,741 20,121 2,410 45,659 17,410 - - 102,341
- 4,996 9,420 - 29,184 70,000 400,000 513,600
- 3,082 9,420 - 18,738 70,000 400,000 501,240

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

RCCG PRECIOUS PEOPLE PARISH (APRIL 2020 - MARCH 2021)

Section C Notes to the accounts

(cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors
Trade debtors
Amounts due from subsidiary and associated
undertakings
Other debtors
Prepayments and accrued income
Total		 Amounts falling due
within oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
- - - -
- - - -
- - -
- - - -

-		 - - -

Note 12 Creditors and accruals Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

12.1 Analysis of creditors
Loans and overdrafts
Trade creditors
Amounts due to subsidiary and associated
undertakings
Mortgage
Accruals and deferred income
Total		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
- - - -
400 400 - -
- - - -
214,689 223,775
- - - -

400		 400 214,689 232,485

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

Independent examiner's report on the accounts

Section A Independent Examiner’s Report
Report to the trustees/
members of
On accounts for the year
ended
Set out on page		 RCCG Precious People Parish
31stMar 2021 Charity no
(if any)		 1119343
(remember to include the page numbers of additional sheets)

Respective The charity's trustees are responsible for the preparation of the accounts. responsibilities of The charity’s trustees consider that an audit is not required for this year trustees and examiner under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is my responsibility to:

 examine the accounts under section 43 of the 1993 Act,  to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, and  to state whether particular matters have come to my attention. Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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.

IER

1