2023-03-31-accounts - Redeemed Christian Church Of God Precious People Parish

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Charity no 1119343

RCCG PRECIOUS PEOPLE PARISH

Annual Accounts

1 APRIL 2022 - 31 MARCH 2023

Prepared by DTT Consultancy Ltd

RCCG PRECIOUS PEOPLE PARISH

REFERENCES AND	ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS
	FOR THE YEAR ENDED 31 March 2023
General Overseer	Pastor Enoch Adeboye
Trustees	Pastor Akinyemi Oluseyi Famuyiwa- Chair
	Dr Adekunle Adekola
	Asst. Pastor Omotolani Mobolaji Dawodu
	Mrs Cynthia Ehiosu Ayela
Minister In Charge	Pastor Nath Ayoade Ogundipe
Charity registration no	1119343
Principal office	16 Manton Close
	Salford
	M7 4ZE
Independent Examiner	Tunji Ogedengbe
	36 Daffodil Close
	Hatfield
	AL10 9FF
Bankers	HSBC

RCCG PRECIOUS PEOPLE PARISH

	RCCG PRECIOUS PEOPLE PARISH	RCCG PRECIOUS PEOPLE PARISH	RCCG PRECIOUS PEOPLE PARISH	RCCG PRECIOUS PEOPLE PARISH	RCCG PRECIOUS PEOPLE PARISH
RC C G	Annual accounts for theperiod
	Period start date	1st Apr 2022	TQ	Period end date	31st March 2023

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Incoming resources (Note 3) Incoming resources fro~~m~~ generated funds Voluntary income Activities for generating funds Investment income Incoming resources from charitable activities S01 S02 S03 S04 Other incoming resources 7ota//ncom/ng resources Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income Fundraisin g trading costs Investment management costs Charitable activities Governance costs Other resources expended 7ofa/resources_expencfezf /\/efincoming/{outgoing}resources 6efore _transfers Gross transfers between funds Net_incoming/(outpoinp)resources before _other recognised gains/(losses) Other recognised gains/(losses) Prior Year Adjusrtment Gains and losses on investment assets /\let_movement_in funds Total funds brought forward _Total funds carried_forwarcf sos so6 soz S08 S09 S10 S11 S12 s13 s14 S15 s16 S17 S18 S19 s20 s21 Note		Restricted Unrestricted income Endowment funds funds funds F01 F02 F03			Total this year F04	Total last year F04


		272,371			272,371	233,315






		37,419			37,419	36,658
		309,791			309,791	269,973



		265,810			265,810	182,211




		38,671			38,671	26,544




		304,480			304,480	208,754

		5,311			5,311	61,219


		5,311			5,311	61,219




		5,311			5,311	61,219
		365,210			365,210	303,991
		370,520			370,520	365,210

RCCG PRECIOUS PEOPLE PARISH (APRIL 2022 - MARCH 2023) Section B Balance sheet

Unrestricted funds F01	Restricted income funds F02	Restricted income funds F02	Endowment funds F03	Total this year F04	Total last year F04
490,694	-		-	490,694	495,336
-	-


490,694	-		-	490,694	495,336


18,800	-		-	18,800
	-
39,711	-		-	39,711	75,505
58,511			-	58,511	75,505

400	-		-
				400	400

58,111	-		-	58,111	75,105

548,805	-			548,805	570,441

178,285	-		-
				178,285	205,231
-	-


370,520	-		-	370,520	365,210

370,520				370,520	365,210

	-




370,520	-		-	370,520	365,210

Signature			Print Name
		Asst Pastor Omotolani Dawodu			27/07/2023

RCCG PRECIOUS PEOPLE PARISH (APRIL 2022 - MARCH 2023) Section C Notes to the accounts

Note 1 Basis of preparation

This secf/on should be comp/eted by all chart/es .

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:

Accounting and Reporting by Charities — Statement of Recommended Practice (SORP 2005);
and with* Accounting Standards;

or Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act 1993.

[** except for the following].

C/ve rfefa/is in this box: if a d/fferent standard has geen /'o//ower/.

* -Tick as appropriate:

if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick
“Financial Reporting Standards for Smaller Enterprises (FRSSE)“.

** - 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).

§ if no changes have been made to accounting policies then delete these words.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

RCCG PRECIOUS PEOPLE PARISH (APRIL 2022 - MARCH 2023)

----- Start of picture text -----
(cont)
Note 2 Accounting policies
----- End of picture text -----

This_sfandarcf_list of accounting_po/icies_has 6een_app//erf_by the charity_excepf_for_those de/efed._Where a different or	This_sfandarcf_list of accounting_po/icies_has 6een_app//erf_by the charity_excepf_for_those de/efed._Where a different or
*adcf/fiona/*_policy has_geen acfopfer/_then this is_deta//ed_in_ffie_box_ge/ow.
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.
Taxreclaims 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 useThese 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 progressThese are valued at the lower of cost or market value.

RCCG PRECIOUS PEOPLE PARISH (APRIL 2022 - MARCH 2023) Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be f'orther analysed if this would help the reader of fhe accounts.

	This year Analysis £	This year Analysis £	Last year £
Voluntaryincome	Tithes	272,371	233,315


Activities for generating funds Investment income Other Incoming Resources

	Total	272,371	233,315






	Total






	Total

	Gift Aid	37,419	36,658


	Total	37,419	36,658

RCCG PRECIOUS PEOPLE PARISH (APRIL 2022 - MARCH 2023)

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

(cont)

Costs of generating voluntary income Fundraising trading costs Investment management costs	Analysis	This year Last year
	Printing,Postage & Stationary
	Travel & Transport	17,262 `2,019`
	Salary related cost	104,323 83,070
	Equipment(Capital)	7,041 3,671
	Repair and maintenance	15,228
	Car Related	4,306 4,438
	~~Rent/ Mortgage ~~
	Telephone related cost	6,569 6,938
	Electrity/Water/ Gas bill	7,497 1,720
	Professional services	7,620 7,959
	Insurance	7,583 6,486
	Honourarium	13,225 1,000
	Training	825
	Finance charge	2,336
	Office Expenses/Equipment	5,639 5,911
	Other Admin cost	4,818 1,383
	Buildingrelated expenses	37,340 5,008
	Conference	14,420 3,069
	Depreciation	4,642 5,904
	Hospitality,Catering& Entertainment	8,572 5,535
	Other Expenses	9,033
	Media Equipment/multimedia	2,847 4,981
	Financepayments	151
	Securitycost	1,500
	Cleaning,decoration & sanitisation cost	980
	Mortgage interest	8,945 6,228
	Total	265,810 182,211






	Total	- -




	Total

Charitable activities	WEM/ COF	11,650 9,692
	Festival of Life	211 600
	Evangelism/CommunityEvents	1,952 1,339
	Community	3,683
	Donation	8,409 6,936
	Food Bank	`2,508`
	Welfare	12,766 5,468
Governance costs	Total	38,671 26,544

	Goverance

Total

304,480 290,893.50

(cont)

RCCG PRECIOUS PEOPLE PARISH (APRIL 2022 - MARCH 2023) Section C Notes to the accounts

Note 5 Support Costs

P/ease comp/ete this note if the charity has ana/yserf 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 mac/e to tmstees or to third parties for expenses incurred by trustees. If no expenses were paid, p/ease enter ‘/Vone’ 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

P/ease provide getai/s of the amount paid f'or any statutory externa/ scrutiny of'accounts anc/ other serv/ces provided by your/nrfepenr/ent exam/ner or auditor. If nothing was pain please enter NONE in the appropriate box(es).

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 2022 - MARCH 2023)

Section C Notes to the accounts

(cont)

Note 9 Tangible fixed assets P/ease_complete this note if the charity has_any_tangible fixed_assets 9.1Cost or valuation Balance brought forward Additions Revaluations Disposals Transfers Balance carried forward 9.2Accumulated depreciation and impairment provisions Basis “ Rate Balance brought forward Depreciation charge for year Impairment provisions Revaluations Disposals Transfers* Balance carried forward 9.3Net 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 22,543 2,410 45,659 20,892 660 3,982 16,741 23,203 2,410 45,659 24,874 4,996 9,420 29,184 51,736 0 9,420 11,274 70,000	Note 9 Tangible fixed assets P/ease_complete this note if the charity has_any_tangible fixed_assets 9.1Cost or valuation Balance brought forward Additions Revaluations Disposals Transfers Balance carried forward 9.2Accumulated depreciation and impairment provisions Basis “ Rate Balance brought forward Depreciation charge for year Impairment provisions Revaluations Disposals Transfers* Balance carried forward 9.3Net 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 22,543 2,410 45,659 20,892 660 3,982 16,741 23,203 2,410 45,659 24,874 4,996 9,420 29,184 51,736 0 9,420 11,274 70,000	Note 9 Tangible fixed assets P/ease_complete this note if the charity has_any_tangible fixed_assets 9.1Cost or valuation Balance brought forward Additions Revaluations Disposals Transfers Balance carried forward 9.2Accumulated depreciation and impairment provisions Basis “ Rate Balance brought forward Depreciation charge for year Impairment provisions Revaluations Disposals Transfers* Balance carried forward 9.3Net 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 22,543 2,410 45,659 20,892 660 3,982 16,741 23,203 2,410 45,659 24,874 4,996 9,420 29,184 51,736 0 9,420 11,274 70,000	Note 9 Tangible fixed assets P/ease_complete this note if the charity has_any_tangible fixed_assets 9.1Cost or valuation Balance brought forward Additions Revaluations Disposals Transfers Balance carried forward 9.2Accumulated depreciation and impairment provisions Basis “ Rate Balance brought forward Depreciation charge for year Impairment provisions Revaluations Disposals Transfers* Balance carried forward 9.3Net 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 22,543 2,410 45,659 20,892 660 3,982 16,741 23,203 2,410 45,659 24,874 4,996 9,420 29,184 51,736 0 9,420 11,274 70,000	Note 9 Tangible fixed assets P/ease_complete this note if the charity has_any_tangible fixed_assets 9.1Cost or valuation Balance brought forward Additions Revaluations Disposals Transfers Balance carried forward 9.2Accumulated depreciation and impairment provisions Basis “ Rate Balance brought forward Depreciation charge for year Impairment provisions Revaluations Disposals Transfers* Balance carried forward 9.3Net 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 22,543 2,410 45,659 20,892 660 3,982 16,741 23,203 2,410 45,659 24,874 4,996 9,420 29,184 51,736 0 9,420 11,274 70,000	Note 9 Tangible fixed assets P/ease_complete this note if the charity has_any_tangible fixed_assets 9.1Cost or valuation Balance brought forward Additions Revaluations Disposals Transfers Balance carried forward 9.2Accumulated depreciation and impairment provisions Basis “ Rate Balance brought forward Depreciation charge for year Impairment provisions Revaluations Disposals Transfers* Balance carried forward 9.3Net 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 22,543 2,410 45,659 20,892 660 3,982 16,741 23,203 2,410 45,659 24,874 4,996 9,420 29,184 51,736 0 9,420 11,274 70,000
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	22,543	2,410	45,659	20,892			108,245

	660			3,982			4,642









16,741	23,203	2,410	45,659	24,874			112,887


	4,996	9,420		29,184	51,736	400,000	495,336
	0	9,420		11,274	70,000	400,000	490,694

9.4 Revaluation

If any fixed assets have deen reva/oe4p/ease g/ve details of fhe va/oer and method of va/oafion

* The ’transfers”row is for movements between fixed asset categories.

” 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.

Section C Notes to the accounts

RCCG PRECIOUS PEOPLE PARISH (APRIL 2022 - MARCH 2023)

(cont)

Note 11

Debtors and prepayments

Please comp/efe this note if the charity has any debtors or prepayments.

Note 11 Debtors and prepayments Please_comp/efe_this note if_the_charity has any debtors	_or prepayments. _	_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 after more than oneyear
	This year	Last year	This year	Last year


	18,800	-

	18,800	-

Note 12 Creditors and accruals

P/ease comp/efe this note if the charity has any creditors or accma/s. 12.1 Analysis of creditors

12.1Analysis 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

			178,285	205,231

	400	400	178,285	205,231

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other secor/fy over any assets of ffie charity p/ease provide r/etai/s.