RCCG New Wine Assembly
Report and Accounts
31 March 2023
Company Registration Number - 07321892
Charity Registration Number is :- 1124611
RCCG New Wine Assembly
Report and accounts for the year ended 31 March 2023
Contents
| Page(s) | |
|---|---|
| Charity information | 1 |
| Trustees/Director' annual report | 1 - 5 |
| Statement of directors' responsibilities | 6 |
| Independent examiners' Report | 7 |
| Funds Statements:- | |
| Statement of financial activities | 8 |
| Fixed Asset funds | 8 |
| Movements in funds | 9 |
| Income and expenditure account | 9 |
| Balance sheet | 10 |
| Notes to the accounts | 11 - 19 |
RCCG New Wine Assembly
Company registration number - 07331892
Trustees/directors' annual report for the year ended 31 March 2023
The trustees/directors present their report and accounts for the year ended 31 March 2023, which also comprises the directors' report required by the Companies Act 2006.
Reference and administrative details
The charity name.
The legal name of the charity is:- RCCG New Wine Assembly.
The charity is also known by its operating name, The Redeemed Christian church of God New Wine Assembly.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1124611.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as a company limited by guarantee, registered under the Companies Act. The governing document of the charity is the Memorandum and Articles of Association establishing the company under company legislation. The governing document is dated 20 June 2008.
There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.
By operation of law all, trustees are directors under the Companies Act 2006 and all directors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation.
The trustees are all individuals.
The principal operating address, telephone number, email and web addresses of the charity are:-
Unit 2 & 3, 51 - 57 High Street South, East Ham London, E6 6EJ Telephone +44 2084707080 Email Address info@rccgnewwineassembly.org.uk Web addresswww.rccgnewwineassembly.org.uk
The registered office of the charity for Companies Act purposes is the same as the operating address shown above.
The trustees/directors in office on the date the report was approved were:-
Dr Remi Odedoyin Mr Samson Oyerokun Ranti Alade
The following persons served as trustees/director during the year ended 31 March 2023 :-
The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.
1
RCCG New Wine Assembly
Company registration number - 07331892
Trustees/directors' annual report for the year ended 31 March 2023
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
The objects of the charity are:
-
The advancement of the Christian religion worldwide; and
-
The relief of poverty.
It pursues these objects by the operation of a Christian worship centre at a facility located at Units 2 & 3, 51-57 High Street South, East Ham. E6 6EJ. It also organises special training and mentoring activities for the unemployed, people planning to start their own businesses and runs general information centre for the public.
It also embarks on activities to support the most vulnerable members of the community by organising community outreach programmes like training, counselling and mentoring the unemployed, the migrants and asylum seekers and general members of community who might be in need of such help.
The main activities undertaken in relation to those purposes during the year.
Significant activities that contributed to the achievement of these objectives were:
-
Events organised during the year to promote the Christian faith include distribution of leaflets with Christian messages, organising deliverance services, all night vigils, special prayers and counselling.
-
Other activities to help raise the profile of the charity in the local community included picnics, Mothers' Day and Fathers' Day celebrations.
-
Specific activities for relief of poverty are in the areas of training and mentoring of the unemployed to start their own businesses and passing job information to job seekers.
The charity's strategies for achieving its aims and objectives in the future.
The charity aims at building on its current achievement in effectively spreading the ethos, love and hope that Christian faith offers. It also aims at building upon its current efforts of community involvement, in its bid to make our community and the larger world a better place for all.
How the activities undertaken during the year contributed to the achievement of the aims and objectives.
The trustees are pleased to report that the church continued to be successful spiritually by ministering to many people in prayer and welfare. The church has improved in membership strength and is increasingly reaching out to the community.
The contribution of volunteers during the year.
The church is grateful for the commitment and efforts of its volunteers who are involved in services provision. The church has over 30 volunteers committed to working in various departments within the church. The church continues to dispense the service of heads of departments and ministers to ensure that the best value is derived from the sterling efforts of the volunteers.
2
RCCG New Wine Assembly
Company registration number - 07331892
Trustees/directors' annual report for the year ended 31 March 2023
Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year.
Grants are made to other charitable bodies. The church supports missionary organisations such as the Festival of Life and the World Evangelism Mission, and other missions and projects within and outside the UK. The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.
The main achievements and performance of the charity during the year.
The trustees are pleased to report that the church continued to be successful spiritually by ministering to many people in prayer and welfare. The church has improved in membership strength and is increasingly reaching out to the community.
Fundraising activities during the year.
The charity relies on grant aid from the donors identified in the accounts , whose support is valued. There have been no other fundraising activities.
The significant charitable activities undertaken in the year.
Community Social/Humanitarian Services Report - 2022/2023
Throughout the year 2022/2023, our charity has consistently made a significant impact on the lives of individuals in our community, predominantly consisting of black minorities, settled immigrants, refugees, asylum seekers, foreign students, and those facing undocumented status. Our core activities are centred around assisting people and families in coping with life's challenges, establishing robust social support networks, providing counselling services, and promoting acts of kindness. We also share information about job opportunities and offer support during various life challenges, including bereavement, illness, pregnancy, social isolation, and relationship breakdowns.
We utilize workshops, seminars, and our drama group to raise awareness about life and mental health issues, especially among children and young people. A highlight of our outreach efforts was our successful collaboration with the Metropolitan Police Services, in which we encourage black minorities and women to consider a career as police officers in the London Metropolitan Police Services. This outreach not only promoted career opportunities but also improved the rapport between the police and our community. Our collaboration with the London Borough of Newham continues to thrive. We maintain our commitment to providing hot meals, tea, coffee, and other refreshments in our kitchen as a way of reaching out to the larger community. Our charitable services are open to the public without discrimination. We are grateful to our members who donate regularly that help us to make great impact in the lives of people that we serve.
Therefore, we also want to express gratitude to our dedicated team of ministers and volunteers, comprising experienced mental health professionals, community social workers, and others who actively supported us during the year, May God reward them for their labour of love.
Our Christian Evangelism Highlights:
In this financial year, our church completed the planting and inauguration of the new parish at Grantham, Lincolnshire. We secured a three-year leased accommodation at Grantham: Unit 1, St John’s Court, Brewery Road, Grantham, NG31 6DW. We now have two parishes in their own buildings, and they are making impact spiritually.
At both parishes (East Ham, London, and Grantham), we catered for individuals at different spiritual levels through our Christian education, including believers’ class, workers in training, Ministers retreat, and more. Our profound belief in the power of prayer is not just theoretical; it is a practice we actively engage in. We celebrate Christian festivals and other national and international programmes such as Christmas, Esther, Father's Day, Mother’s Day, Children's Day, and many more which help us to foster a sense of community and shared joy.
Despite our progress, financial constraints limit the extent of our endeavours. We invite partners and supporters to join us on this exciting journey, contributing to the fulfilment of our mission and the vibrant growth of our faith community. Together, we can achieve remarkable milestones and create a lasting impact.
During the year, the charity continue to collaborate with both governmental organisations and other charities for greater impact.
3
RCCG New Wine Assembly
Company registration number - 07331892
Trustees/directors' annual report for the year ended 31 March 2023
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
New trustees are elected on the basis of the contribution that they will make to the governance of the organisation and the skills that they will contribute. They are provided with copies of the Charity Commission's guidance to trustees and given an introduction to the activities of the charity by the existing board.
The policies and procedures for the induction and training of trustees.
Existing trustees are provided with training as and when required.
The charity's organisational structure.
The board of trustees is headed by a Chairman, the Secretary to the trust and a financial administrator. All the present employees of the charity are voluntary workers. The trustees are responsible for making all decisions regarding allocation of fund and activities.
The charity's relationships with related parties.
RCCG New Wine Assembly is a parish of The Redeemed Christian Church of God - a network comprising parishes all over the world. There is an agreement for common purposes entered into by RCCG New Wine Assembly with The Redeemed Christian Church of God which documents this relationship.
| Bankers | Lloyds TSB |
|---|---|
| 11 Station Parade | |
| Barking | |
| Essex | |
| IG11 8ED | |
| Accountants | Crownwise Consult Ltd |
| 1A Town Square | |
| Erith | |
| Kent | |
| DA8 1RE |
Financial review
The charity's financial position at the end of the year ended 31 March 2023
The financial position of the charity at 31 March 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Restricted revenue funds Total funds Net income Unrestricted revenue funds available for the general purposes of the charity |
2023 £ 21,323 47,815 4,369 52,184 |
2022 £ (23,424) |
|---|---|---|
| 27,521 3,340 |
||
| 30,861 |
4
RCCG New Wine Assembly
Company registration number - 07331892
Trustees/directors' annual report for the year ended 31 March 2023
Financial review of the position at the reporting date, 31 March 2023 .
During the year, income of £131,531 (£90,300 in 2022) was received as voluntary donations and grants. The net movement in funds for the period, as shown in the statement of financial activities, for the period was a surplus of £21,323 (loss of £23,424 in 2022). � The value of the RCCG New Wine Assembly's net assets at 31st March 2023 is £52,184 (was £30,861 in 2022).
The major risks to which the Charity is exposed and reviews and systems to mitigate them.
The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate against exposures to the major risks.
Details of the independent examiner
Mr Adeniyi Zaccheus Chartered Certified Accountant 1A Town Square Erith Kent DA8 1RE
5
RCCG New Wine Assembly
Company registration number - 07331892
Trustees/directors' annual report for the year ended 31 March 2023
Statement of the trustees/directors' responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the trustees/director determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
In particular, the Companies Act 2006 and charity law require the board of trustees/director to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the board is required to :-
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to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
-
select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
-
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charity will continue in business;
- state whether applicable accounting standards and statements of
recommended practice have been followed, subject to any material
departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The trustees/directors are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees/directors are also responsible for the contents of the Trustees/Directors' report, and the accountant preparing the accounts has no responsibilities in relation to the trustees/directors' report.
Method of preparation of accounts - Small company provisions
The financial statements are set out on pages 8 to 19.
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016)
These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
This report was approved by the board of trustees on 19 December 2023.
Dr Remi Odedoyin Director and trustee
6
RCCG New Wine Assembly
Report of the independent examiner to the trustees of the charitable company on the accounts for the year ended 31 March 2023
Independent examiner's statement, report and opinion
Attention is drawn to the accounting policy stating that, notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, and in order to accord with current best practice, the trustees have determined to prepare the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), I concur with this approach, and any references in my report to the regulations should be read subject to this comment.
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination and can confirm that The accounts of this charitable company are not required to be audited under Part 16 of the Companies Act 2006.
This is a report in respect of an examination carried out under section 145 of the Act and in accordance with directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable; and and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect that accounting records were not kept in respect of the charity as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in section 396 of the Companies Act 2006 other than any requirement that the accounts give a true and fair view, which is not a matter considered as part of an independent examination;
the financial statements have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mr Adeniyi Zaccheus - Independent examiner Chartered Certified Accountant
1A Town Square Erith Kent DA8 1RE
This report was signed on 19 December 2023
7
RCCG New Wine Assembly - Statement of Financial Activities for the year ended 31 March 2023
Statement of financial activities for the year ended 31 March 2023
| Notes Income & Endowments from: Donations & legacies 16 Other 17 Total income Expenditure on: Charitable activities 23 Total expenditure Net income for the year Transfers between funds Net income after transfers Reconciliation of funds:- Total funds brought forward Total funds carried forward Net movement in funds |
Current year Unrestricted funds 2023 £ 115,314 1,767 117,081 91,790 91,790 25,291 (4,997) 20,294 20,294 27,521 47,815 |
Current year Restricted funds 2023 £ 14,450 - 14,450 13,421 13,421 1,029 - 1,029 1,029 3,340 4,369 |
Current year Total funds 2023 £ 129,764 1,767 131,531 105,211 105,211 26,320 (4,997) 21,323 21,323 30,861 52,184 |
Prior year Total funds 2022 £ 89,958 342 |
|---|---|---|---|---|
| 90,300 | ||||
| 122,474 | ||||
| 122,474 | ||||
| (32,174) 8,750 |
||||
| (23,424) | ||||
| (23,424) 54,285 |
||||
| 30,861 |
A separate statement of total recognised gains and losses is not required as this statement includes all recognised gains and losses. A separate statement of total recognised gains and losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
RCCG New Wine Assembly - Resources applied in the year ended 31 March 2023 towards fixed assets for Charity use:-
| Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Net resources available to fund charitable activities |
2,023 £ 21,323 (5,088) 16,235 |
2,022 £ (23,424) (18,559) |
|---|---|---|
| (41,983) |
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
The notes attached on pages 11 to 19 form an integral part of these accounts.
8
RCCG New Wine Assembly - Statement of Financial Activities for the year ended 31 March 2023
Movements in revenue and capital funds for the year ended 31 March 2023
Revenue accumulated funds
| Revenue accumulated funds | |||
|---|---|---|---|
| Unrestricted funds 2,023 £ Accumulated funds brought forward 27,521 25,291 52,812 (From)/To unrestricted revenue funds (4,997) Closing revenue funds 47,815 Summary of funds Unrestricted and designated funds 2,023 £ Revenue accumulated funds 47,815 Recognised gains and losses before transfers |
Restricted funds 2,023 £ £ 3,340 1,029 4,369 4,369 Restricted funds 2,023 £ 4,369 |
Total funds 2,023 £ 30,861 26,320 57,181 (4,997) 52,184 Total funds 2,023 £ 52,184 |
Last year total funds 2,022 £ 54,285 (32,174) |
| 22,111 8,750 |
|||
| 30,861 | |||
| Last year total funds 2,022 £ 30,861 |
Income and expenditure account for the year ended 31 March 2023 as required by the Companies Act 2006
| Income Income from operations Other operating income Gross income in the year Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Governance costs Interest payable Total expenditure in the year Retained surplus for the financial year |
2,023 £ 129,764 1,767 131,531 96,399 7,861 600 351 105,211 26,320 |
2,022 £ 89,958 342 |
|---|---|---|
| 90,300 | ||
| 114,193 7,320 961 |
||
| 122,474 | ||
| (32,174) |
All activities derive from continuing operations
In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the Income and Expenditure account have been adapted to reflect the special nature of the charity's activities.
The notes attached on pages 11 to 19 form an integral part of these accounts.
9
RCCG New Wine Assembly - Balance Sheet as at 31 March 2023
| Notes 2023 £ Fixed assets Tangible assets 7 20,846 Current assets Debtors 8 49,267 Cash at bank and in hand 9,665 Total current assets 58,932 Creditors: amounts falling due within one year 10 (14,342) Net current assets 44,590 65,436 Creditors: amounts falling due after more than one year 11 (13,252) The total net assets of the charity 52,184 Restricted funds Restricted revenue funds 14 4,369 4,369 Unrestricted funds Unrestricted revenue funds 14 47,815 47,815 Designated Revenue Funds 14 - Designated Fixed Asset Funds 14 - Total charity funds 52,184 The total net assets of the charity are funded by the funds of the charity, Net assets |
2022 £ 23,619 44,485 11,737 56,222 (26,657) 29,565 53,184 (22,323) 30,861 3,340 3,340 27,521 27,521 - - 30,861 as follows:- |
2022 £ 23,619 44,485 11,737 56,222 (26,657) 29,565 53,184 (22,323) 30,861 3,340 3,340 27,521 27,521 - - 30,861 as follows:- |
|---|---|---|
| 3,340 27,521 - - as follows:- |
||
| 53,184 (22,323) |
||
| 30,861 | ||
| 3,340 27,521 |
||
| 30,861 |
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Dr Remi Odedoyin
Trustee
Approved by the board of trustees on 19 December 2023
The notes attached on pages 11 to 19 form an integral part of these accounts.
10
RCCG New Wine Assembly
Notes to the Accounts for the year ended 31 March 2023
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Policies relating to categories of income and income recognition.
Nature of income
Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
11
RCCG New Wine Assembly
Notes to the Accounts for the year ended 31 March 2023
Volunteers
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity.
However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 4.
Policies relating to assets, liabilities and provisions and other matters.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Plant and machinery 20 % straight line Motor vehicles 25 % straight line
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
Cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
There are no endowment funds.
2 Liability to taxation
The trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.
3 Net surplus before tax in the financial year
| The net surplus before tax in the financial year is stated after charging:- Depreciation of owned fixed assets Pension costs Auditors' remuneration 4 Interest payable Loan interest |
2023 £ 7,861 2,565 |
2022 £ 7,320 |
|---|---|---|
| 2023 £ |
2022 £ - |
|
| 351 |
12
RCCG New Wine Assembly
Notes to the Accounts for the year ended 31 March 2023 5 The contribution of volunteers
The charity depends on the support of its volunteers, which is much appreciated. The charity had 112 Volunteers who donated 1,847 hours of their time stewarding events. Other volunteers undertook 40 hours of mailings and distributions and two specialist volunteers with DBS checks, spent 475 hours a year supporting the weekly children’s and young people’s writing groups. It is estimated that without the help of volunteers, the Festival would need to find the equivalent of over £20,000 to obtain similar services. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.
6 Staff costs and emoluments
| Salary costs Gross Salaries excluding trustees and key management personnel Employer's National Insurance for all staff Employer's operating costs of defined contribution pension schemes Total salaries, wages and related costs The average number of part time staff employed in the year was |
2023 £ 27,521 433 2,565 |
2022 £ 46,511 - - |
|---|---|---|
| 30,519 | 46,511 | |
| 1 | 1 |
Neither the trustees nor any persons connected with them have received any remuneration from the charity or any related entity, either in the current or prior year.
No employees received emoluments (excluding pension costs) in excess of £60,000 per annum.
Remuneration and payments to trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
| Tangible fixed assets Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Land and Buildings £ 33,762 - |
Plant & Machinery £ 39,752 5,088 |
Motor Vehicles £ 20,890 - |
Total £ 94,404 5,088 |
|---|---|---|---|---|
| 33,762 | 44,840 | 20,890 | 99,492 | |
| 33,761 - |
28,577 3,713 |
8,447 4,148 |
70,785 7,861 |
|
| 33,761 | 32,290 | 12,595 | 78,646 | |
| 1 | 12,550 | 8,295 | 20,846 | |
| 1 | 11,175 | 12,443 | 23,619 |
7 Tangible fixed assets
13
RCCG New Wine Assembly
Notes to the Accounts for the year ended 31 March 2023
| Notes to the Accounts for the year ended 31 March 2023 | Notes to the Accounts for the year ended 31 March 2023 | Notes to the Accounts for the year ended 31 March 2023 | ||
|---|---|---|---|---|
| 8 Debtors Prepayments and accrued income Other debtors 9 Debtors due after one year Deposit 10 Creditors: amounts falling due within one year Bank loans and overdrafts Accruals Finance lease and HP contracts 11 Creditors: amounts falling due after one year Bank loans and overdrafts Finance lease and HP contracts 12 Income and expenditure account summary At 1 April 2022 Transfers in for the year At 1 April 2022 Surplus after tax for the year At 31 March 2023 13 Particulars of how particular funds are represented by assets and liabilities At 31 March 2023 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 20,846 - Current Assets 54,563 Current Liabilities (14,342) - Long Term Liabilities (13,252) - 47,815 - At 1 April 2022 Unrestricted Designated funds funds £ £ Tangible Fixed Assets 23,619 - Current Assets 52,882 - Current Liabilities (26,657) - Long Term Liabilities (22,323) - 27,521 - |
2023 £ - 37,342 |
2022 £ 5,000 30,735 |
||
| 37,342 | 35,735 | |||
| 2023 £ 11,925 |
2022 £ 8,750 |
|||
| 11,925 | 8,750 | |||
| 2023 £ 4,207 7,450 2,685 |
2022 £ 4,807 21,850 - |
|||
| 14,342 | 26,657 | |||
| 2023 £ |
2022 £ |
|||
| 7,237 | 22,323 | |||
| 6,015 | - | |||
| 13,252 | 22,323 | |||
| 2023 £ |
2022 £ |
|||
| 30,861 (4,997) 25,864 26,320 |
54,285 8,750 63,035 (32,174) |
|||
| 52,184 | 30,861 | |||
| Restricted funds £ |
Total Funds £ |
|||
| 20,846 54,563 (14,342) (13,252) |
- - - |
- 4,369 - - |
20,846 58,932 (14,342) (13,252) |
|
| 47,815 | - | 4,369 | 52,184 | |
| Unrestricted funds £ 23,619 52,882 (26,657) (22,323) |
Designated funds £ - - - - |
Restricted funds £ - 3,340 - - |
Total funds £ 23,619 56,222 (26,657) (22,323) |
|
| 27,521 | - | 3,340 | 30,861 |
14
RCCG New Wine Assembly
Notes to the Accounts for the year ended 31 March 2023
14 Change in total funds over the year as shown in Note 13 , analysed by individual funds
| Funds brought forward from 2022 £ Unrestricted and designated funds:- Unrestricted revenue funds 27,521 Total unrestricted and designated funds 27,521 Restricted funds:- London borough Newham 3,340 Total restricted funds 3,340 Total charity funds 30,861 Analysis of movements in funds over the year as shown in Note Income 2023 £ Unrestricted and designated funds:- Unrestricted revenue funds 117,081 Restricted funds:- London borough Newham 14,450 131,531 |
Funds brought forward from 2022 £ |
Movement in funds in 2023 See Note 15 £ |
£ Prior year adjustment 2022 |
Funds carried forward to 2024 £ |
|---|---|---|---|---|
| 27,521 | 25,291 | (4,997) | 47,815 | |
| 27,521 | 25,291 | (4,997) | 47,815 | |
| 3,340 | 1,029 | - | 4,369 | |
| 3,340 | 1,029 | - | 4,369 | |
| 30,861 | 26,320 | (4,997) | 52,184 | |
| 14 Expenditure 2023 £ (91,790) (13,421) |
Other Gains & Losses 2023 £ - - |
Movement in funds 2023 £ 25,291 1,029 |
||
| 131,531 | (105,211) | - | 26,320 |
15 Analysis of movements in funds over the year as shown in Note 14
16 The purposes for which the funds as
Unrestricted and designated funds:- Unrestricted revenue funds These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
Restricted funds:-
London borough Newham
15
RCCG New Wine Assembly
Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015
| 17 Donations, grants and legacies Donations and gifts from individuals Tithe and offering Thanksgiving Gift aid Building support Total donations and gifts from individuals Grant Total public sector revenue grants Rent support Ogan Total rent support VAT Total Total donations, grants and legacies Revenue grants from government and public bodies |
Current year Unrestricted funds 2023 £ 59,297 4,217 15,926 2,016 |
Current year Restricted funds 2023 £ - - - - - Current year Restricted funds 2023 £ 14,450 14,450 Current year Restricted funds 2023 £ |
Current year Prior year Total funds Total funds 2023 2022 £ £ 59,297 32,619 4,217 2,552 15,926 11,093 2,016 - 81,456 46,264 Current year Prior year Total funds Total funds 2023 2022 £ £ 14,450 9,725 14,450 9,725 Current year Prior year Total funds Total funds 2023 2022 £ £ |
|---|---|---|---|
| 81,456 | |||
| Current year Unrestricted funds 2023 £ - |
|||
| - | |||
| Current year Unrestricted funds 2023 £ |
|||
| 31,200 | - | 31,200 31,200 |
|
| - Current year Restricted funds 2023 £ - - |
31,200 31,200 Current year Prior year Total funds Total funds 2023 2022 £ £ 2,658 2,769 2,658 2,769 |
||
| 31,200 | |||
| Current year Unrestricted funds 2023 £ 2,658 |
|||
| 2,658 | |||
| 115,314 | 14,450 | 129,764 89,958 |
16
RCCG New Wine Assembly
Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015
| 18 Other income and gains Current year Current year Unrestricted funds Restricted funds 2023 2023 £ £ Sundry other income 1,767 - Total other income 1,767 - 19 Expenditure on charitable activities - Direct spending Current year Current year Current year Unrestricted funds Restricted funds 2023 2023 £ £ Gross wages and salaries - charitable activities 17,220 10,301 Employers' NI - Charitable activities 433 - Defined contribution pension costs - charitable activities 2,565 - Temporary Staff - Charitable Activities - - Travel and subsistence - Charitable activities 3,476 3,120 Outreach & publicity 640 - Honorarium 500 - Conferences - - Entertainment 1,252 - Training 300 - Motor expenses 1,483 - Welfare 1,002 - Events 4,233 - Total direct spending 33,104 13,421 20 Expenditure on charitable activities - Grant funding of activities Current year Current year Unrestricted funds Restricted funds 2023 2023 £ £ Grants made to individuals 2,699 - Grants made to organisations 1,406 - Total grantmaking costs 4,105 - |
Current year Prior year Total funds Total funds 2023 2022 £ £ 1,767 342 1,767 342 Current year Prior year Total funds Total funds 2023 2022 £ £ 27,521 46,511 433 - 2,565 - - - 6,596 3,967 640 642 500 1,300 - 3,750 1,252 41 300 1,173 1,483 1,004 1,002 - 4,233 - 46,525 58,388 Current year Prior year Total funds Total funds 2023 2022 £ £ 2,699 3,695 1,406 5,243 |
|---|---|
| 4,105 8,938 |
17
RCCG New Wine Assembly
Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015
| SORP 2015 | |
|---|---|
| Breakdown of grants made to organisations Current year Current year Unrestricted funds Restricted funds 2023 2023 £ £ RCCG central office 200 - WEM 1,206 - 1,406 - 21 Current year Current year Unrestricted funds Restricted funds 2023 2023 £ £ Premises expenses Rent payable under operating leases 35,875 - Light heat and power 1,106 - Cleaning and waste management - - Premises repairs, renewals and maintenance - - Property insurance - - Administrative overheads Telephone, fax and internet 2,068 - Postage 12 - Stationery and printing - - Equipment expenses 867 - Sundry expenses 881 - Insurance 4,646 - Professional fees paid to advisors other than the auditor or examiner Other legal and professional 126 - Financial costs Bank charges 188 - Hire Purchase interest - - Loan interest 351 - Depreciation 7,861 - Total support costs 53,981 - Support costs for charitable activities |
Current year Total funds 2023 £ 200 1,206 1,406 Current year Prior year Total funds Total funds 2023 2022 £ £ 35,875 35,000 1,106 1,150 - 1,615 - 1,502 - 1,249 2,068 1,386 12 - - 216 867 - 881 25 4,646 3,950 126 - 188 774 - - 351 - 7,861 7,320 |
| 53,981 54,187 |
18
RCCG New Wine Assembly
Detailed analysis of income and expenditure for the year ended 31 March 2023 as required by the SORP 2015
22 Other expenditure - Governance costs
| Independent examiner's fees Administrative Total governance costs 23 Total charitable expenditure Total direct spending Total grantmaking costs Total support costs Total governance costs Total charitable expenditure All the expenditure in the prior year was unrestricted |
Current year Unrestricted funds 2023 £ 600 - |
Current year Restricted funds 2023 £ - - - Current year Restricted funds 2023 £ 13,421 - - - 13,421 |
Current year Prior year Total funds Total funds 2023 2022 £ £ 600 600 - 361 600 961 Current year Prior year Total funds Total funds 2023 2022 £ £ 46,525 58,388 4,105 8,938 53,981 54,187 600 961 105,211 122,474 |
|---|---|---|---|
| 600 | |||
| Current year Unrestricted funds 2023 £ 33,104 4,105 53,981 600 |
|||
| 91,790 | |||
19