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aan Independent examiner's report on the
| accounts
Section A Independent Examiner’s Report
Report to the trustees/ |RCCG Precious People Parish
members of
On accounts for the year | 31% Mar 2024 Charity no
ended (if any)
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
e 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.
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Independent
examiner's statement
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In connection with my examination, no matter has come to my attention (other than that disclosed below *)
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which gives me reasonable cause to believe that in, any material respect, the requirements: e to keep accounting records in accordance with section 41 of the 1993 Act; and
¢ to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act
have not been met ; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Please delete the words in the brackets if they do not apply.
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$ Name: | Tunji Ogedengbe
a Address: | 36 Daffodil Close, Hatfield Hertfordshire AL10 9FF
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IER
1
.
Charityno 1119343
RCCG PRECIOUS PEOPLE PARISH
Annual Accounts
1 APRIL 2023 - 31 MARCH 2024
Prepared by DTT Consultancy Ltd
RCCG PRECIOUS PEOPLE PARISH
| REFERENCES AND ADMINISTRATIVE DETAILS OFTHE | REFERENCES AND ADMINISTRATIVE DETAILS OFTHE | THE CHARITY, ITS TRUSTESS AND ADVISERS | THE CHARITY, ITS TRUSTESS AND ADVISERS | |
|---|---|---|---|---|
| FORTHE YEAR ENDED 31 March 2024 | ||||
| General Overseer | Pastor Enoch Adeboye | |||
| Trustees | PastorAkinyemi Oluseyi | Famuyiwa- Chair | ; | |
| Dr Adekunle Adekola | ||||
| Assistant PastorOmotolani Mobolaji Dawodu | ||||
| Cynthia Ehiosu Ayela | ||||
| Minister In Charge | Pastor Nath Ayoade Ogundipe | i | ||
| Charity registration no | 1119343 | |||
| Principal office | 6 Harthill Street | |||
| Manchester | ||||
| M8 8AG | ||||
| Independent Examiner | Tunji Ogedengbe | |||
| 36 Daffodil Close | ||||
| Hatfield | ||||
| AL10 9FF | ||||
| Bankers | HSBC |
as
ne
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|---|---|---|---|---|---|---|---|---|---|---|
|RCCG|Period start|d|Annual accounts for+|the|periodPeriod|end|
|ules|1st Apr 2023|o|date|31st March|2024|
|Section|A|Statement|of|financial|activities|
|Restricted|
|Recommended|Details|of own|g@|Unrestricted|income|Endowment|Total|last|
|categories|by|activity|analysis|=|funds|funds|funds|Total|this year|year|
|£|£|£|£|£|
|Incoming|resources|(Note|3)|FO1|FO2|FO3|FO4|FO4|
|generated|funds|
|Voluntary income|$01|388,593 Baia|388,593|272,371|
|charitable|activities|$04|=|
|Total incoming resources|06|ee|a|388,593|||309,791|
|Resources|expended|(Notes|4-8)|
|Costsincomeof|generating|voluntary|S07|323,354 has|aes|323,354|265,810|
|Charitable activities|$10|54,352 ae|Sere)|54,352|38,671|
|Total resources expended|s13|377,707 ||af7|107|304,480|
|Net incoming/outgoing)|resources|before|
|transfers|$14|10,887|10,887|$311|
|Gross|transfers|between|funds|i|
|other recognised gains/(losses)|S16|10,887|10,887|5.311|
|Other|recognised|gains/(losses)|
|Prior Year Adjusrtment|Sf|i|i|a|
|Net movement in funds|si9|10,887|ae|10,887|§.311|
|Total funds brought forward|$20|370520]|-|||-|||370,520|||365,210|
|Total funds carried forward|521|i|rere|eee|381,407 | _ 370,520|
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RCCG PRECIOUS PEOPLE PARISH (APRIL 2023 - MARCH 2024) Section B Balance sheet
,
| Restricted | |||||||
|---|---|---|---|---|---|---|---|
| @ s |
Unrestricted funds |
income Endowment funds funds |
Totalthis Total last year year |
||||
| £ | £ £ |
£ | £ | ||||
| Fixed assets | FO1 | FO2 FO3 |
F04 | F04 | |||
| Tangible assets (Note 9) |
Bot po |
486,712; fo |
=- | ] — - | |||
| Total fixedassets | 804 | he- | ers eer | aRare | |||
| Current assets | |||||||
| Stockandworkinprogress Debtors (Note 11) (Shortterm) investments Cash atbankand inhand Total current assets |
pos | dC; B06 21600] #- |
- —aaeaaame 18,800 << #&8#8 — B08 40,863;9=- |
= |
40,863 39,/11 809 cia2Ee Se ee ee 62,463 58,511 |
||
| Creditors: amounts falling due within | |||||||
| one year (Note 12) |
B10 | 400 | 400 | 400 | |||
| Netcurrentassets/(liabilities) | 811 | 62068 | =oe |
62,063 | |||
| Totalassetslesscurrentliabilities | 812 | [SAB775T |
|||||
| Creditors: amounts falling due after | |||||||
| one year (Note 13) |
B13 | 167,367 | 167,367 | 178,285 | |||
| Netassets | B15 | oe140r | ete | BB4AOR | |||
| Funds of the Charity | |||||||
| Unrestricted funds | B16 | 381,407 | 381,407 | 370,520 | |||
| Restrictedincomefunds(Note14) Endowmentfunds(Note1) |
oe Bie Bt9 |
ee eer |
- |
Ll Pe ee ee |
|||
| Totalfunds | 820 | 1S | i ee |
erore | 370,520 | ||
| Signed by | Signature PrintName |
||||||
| 4 |
RCCG PRECIOUS PEOPLE PARISH (APRIL 2023 - MARCH 2024)
Section C Notes to the accounts
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Note 1 Basis of preparation
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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:
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Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005); * and with* Accounting Standards;
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or Financial Reporting Standards for Smaller Enterprises (FRSSE);
-
and with the Charities Act 1993.
[** except for the following]. . Give details in this box if a different standard has been followed. .
- -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
7
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Section|RCCG PRECIOUS PEOPLE PARISH (APRIL 2023|- MARCH 2024)|
|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.|
|INCOMING|RESOURCES|
|Recognition|of incoming|These are|included|in|the|Statement|of Financial|Activities|(SoFA) when:|
|resources|e|the|charity becomes|entitled|to the|resources;|
|e|_|the|trustees|are|virtually certain|they will|receive the|resources;|and|s|
|Incoming|e|the monetary value can be measured with sufficient|reliability.|
|related|resources with|Where incoming resources have|related|expenditure|(as with fundraising|or contract income)|
|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|
|Giftseerin|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|
|a|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|
|qe|capita, staff|costs by the time spent and other costs by their usage.|.|
|-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.|
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| RCCG PRECIOUS PEOPLE PARISH (APRIL 2023 - MARCH 2024 |
|---|
| Section C Notes to the accounts (cont) |
| Note 3 Analysis of incoming resources |
| Incoming resources maybe furtheranalysed ifthis wouldhelp the readerofthe accounts. |
| This year Lastyear |
| Analysis £ £ |
| 388,593 272,371 Dein Se ae ee ete sareees |
| Activitiesforgenerating =[SSSCSC~C~CSCSSSSSSSSCSSSC“‘“ YYOC“‘S#“‘C“*d funds hs Ae ais ‘ee ey ee i Ny GE es ee ee! ee Total |
| Investmentincome Ena ee ee es |
| ee ae ee Total saatiemenaaacnadaecmaseeacimnaating |
| OtherIncoming Resources _ |
RCCG PRECIOUS PEOPLE PARISH (APRIL 2023 - MARCH 2024
Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts.
| This year Last year |
|
|---|---|
| Costsofgenerating voluntary income |
Analysis = e [Printing Postage &Stationary CTC |
| Telephonerelatedcost —CCsC—“‘dRSC*éS;OS | |
| OtherExpensesse C“‘iSSCCCA SOO] C‘ ‘C‘C«S;Y |
|
| Total | |
| Fundraisingtrading costs |
|
| Investment managementcosts |
aeee ee eee [~SSCS |
| Charitable activities(SS | (SS CT [EvangelismiCommunityevents SSCS SSC ~S~*dSCSC~«wSS |
| ‘ Governancecosts |
Total [Goverance CC“‘(C®SNCNOCO(NNCOCC#C; d];SSC*d Ee See eee a asee i a ee el Totalse |
(cont)
oe
RCCG PRECIOUS PEOPLE PARISH (APRIL 2023 - MARCH 2024) Section C Notes to the accounts
Note 5 Support Costs Please complete this note if the charity has analysed its expenses using activity categories and has support costs.
|Fundraising activity
CharitableActivity | GovernanceActivity
TotalCost
Support cost
type
£
£
£
£|
|---|
|En)eee
eee|
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).
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Number of trustees who were paid expenses a ey
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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).
| the appropriate box(es). | ||||
|---|---|---|---|---|
| This year | Last year | |||
| £ | £ | |||
| Independent examiner’s or auditors' fees for reporting on the | ||||
| accounts | 400 | 400 | ||
| Otherfees (forexample: advice, consultancy, accountancy | ||||
| services)paidtotheindependentexaminerorauditor |
ie. *
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|---|---|---|---|---|---|---|---|---|---|---|
|RCCG|PRECIOUS|PEOPLE|PARISH|(APRIL|2023|- MARCH|2024|
|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|
|Motor|Vehicle|Computer||Word &|Sound]|Machineries|&||Capitalised|| Payments|on|Total|
|Equipment|equipment|Equipments|repairs|account and|
|assets|under|
|construction|
|£|£|£|£|£|£|
|Balance|brought|16,741|23,203|11,830|45,659|36,148|70,000|400,000|603,581|
|forward|
|Blaponals|rs|es|es|es|ee|eee|eee|
|Balance|carried|16,741|23,203|11,830|45,659|36,148|70,000|400,000|603,581|
|forward|:|
|9.2|Accumulated|depreciation|and|impairment|provisions|
|*“Basis||SL or RB|SL or RB|SL or RB|SL or RB|Po|SL or RB|SL or RB|
|ee|
|Balance|brought|16,741|23,203|2,410|45,659|24,874|112,887|
|forward|
|Depreciation|charge|3,982|3,982|
|for year|
|Listed|ee|Ee|
|Balance|carried|16,741|23,203|2,410|45,659|28,856|116,869|
|forward|
|9.3|Net|book|value|
|Brougntfoward|[=F|
|Carried|Oo]|eae|[nara]|7O000T|400,000|[480,604|
|forward|Poe|ee|9420;|=||7,292|70,000|400,000|486,712|
|9.4|Revaluation|
|If any|fixed assets|have been revalued please|give|details|of the|valuer and method of valuation|
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- 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 e what is the percentage annual deduction.
$
»
RCCG PRECIOUS PEOPLE PARISH (APRIL 2023 - MARCH 2024 Section C Notes to the accounts
(cont)
Note 11 Debtors and prepayments
| Please complete this | note ifthe charityhas anydebtors | debtors or prepayments. | debtors or prepayments. | ||
|---|---|---|---|---|---|
| . Analysis ofdebtors |
Amounts falling due ‘ within one year |
Amounts falling due after more than one year |
|||
| This year Last year |
This year | Last year | |||
| £ £ |
£ | £ | |||
| Tradedebtors Amounts due from subsidiaryand associated |
ee EE | eee | eee | ||
| undertakings | |||||
| Otherdebtors Prepaymentsandaccruedincome |
Tol | 21,600 es 2sA ees ee ee |
a eT |
||
| Note12 | Creditorsandaccruals | : |
Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors
| 12.1 Analysis of creditorscreditors | |||||
|---|---|---|---|---|---|
| Amounts falling due | Amounts falling due after | ||||
| within one year | more than | one year | |||
| This year Lastyear |
This year | Last year | |||
| £ £ |
£ | £ | |||
| Creditors Amounts due to subsidiary and associated |
goof oofTC |
||||
| undertakings | |||||
| Mortgage Accrualsanddeferredincome |
Total | PT Ses es |
67,367] ae 167,367 |
178,288 178,285 |
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.