2024-06-30-accounts - The Redeemed Christian Church Of God (Rccg) Rabboni Parish

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

Charity no. 1125928

Redeemed Christian Church of God Rabboni Parish

Annual Accounts

1 July 2023 - 30 June 2024

Prepared by DTT Consultancy Ltd

Redeemed Christian Church of God Rabboni Parish TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2024

The trustees of RCCG - RABBONI PARISH present their report and financial statements for the period 1 July 2023 to 30 June 2024, which have been prepared in accordance with statement of recommended practice, ‘’Accounting and Reporting by Charities’’, issued in October 2000 and revised SORP2005

Structure, Governing & Management

The Governing document of the charity is the Trust Deed dated 31[st] December 2007 and the Agreement for Common Purpose between the Redeemed Christian Church of God and RCCG Raboni Parish dated 31[st] December 2007

Names of Trustees

Akintokunbo Oladipo Elekosi Emilola Omowunmi Shyllon Oluwatoyin Oladapo Adewale Olamiji Olusegun Olaniyi Abe

All Trustees are appointed by resolution of existing Trustee Body.

Organisation Structure

and Financial Administrator. The paid employees of the Charity is the Church Pastor and the parttime Admin Officer. The Trustees are responsible for making all decisions regarding allocation of funds and activities.

Objects of the charity

The objects of the charity are: the advancement of the Christian faith worldwide and relief of poverty in accordance with doctrines set out in the statement of faith contained in the governing document.

Achievements and Performance

The above objectives were achieved in this financial year through provision of charitable support in accordance with its objects. This was achieved by making a total donations to RCCG Head Quarters for the World wide Evangelical mission and Festival Of Life. Donations made to was donated to other RCCG parishes.

In furtherance of the objectives the charity invested in its members who have shown commitments, assisted in different capacities in achieving the church’s goal of soul winning and advancing the message of the gospel. This strategies used include outreach activities conducted by inviting the people in the localities to take part in the conference.

Page 1

Redeemed Christian Church of God Rabboni Parish TRUSTEES REPORT FOR THE YEAR ENDED 30 JUNE 2024 Cont'd

Specific Investments Powers

The trustees are empowered to used the income and may use the capital of the trust in promoting the objects in accordance with Charities Act 1993. They can also let and dispose of property of any kind. All investments are in the name of the charity.

Reserve Policy

Funds that are not required for immediate use will be places in accordance with the clause 3:14 of Trust Deed and a minimum of £1,000 is to serve as the charity ‘s reserve. The remaining funds at 30 June 2024 will be retained to finance the charitable objects and to meet the ongoing expenses.

Grant-making policies

Grants are made to other charities, emergency homeless, emergency relief aid and Gifts to members of the charity

Review of Transactions and Financial Position

During the period income of £164,248 (2023: £130,322) was received as donations in the year. The net movement in the funds for the period, as shown in the statement of financial activities, for the unrestricted funds was a surplus of £ 21,798 (2023: Deficit £2,286). There was no restricted fund in the year.

The value of RCCG Rabboni Parish ‘s net assets as at 30 June 2024 was £38,802 (2022: £17,005)

Plans for future developments

In the coming year the charity will provide charitable support in accordance with its objects, concentrating on developing plans to contribute more to the alleviation of poverty domestically and internationally.

Statement of Trustees responsibilities

Law applicable to charities in England & Wales requires the trustees to prepare financial statement for each financial year that give a true and fair view of the RCCG RABBONI PARISH's incoming resources, application of resources during the year and its state of affairs at the end of the year. In preparing those financial statements we are required to ;

. Select suitable accounting policies and then apply them consistently;

. make judgements and estimates that are reasonable and prudent;

. State weather applicable accounting standards and statements of recommended practice have been followed, subject to any material departure disclosed and explained in the financial statements . Prepare the financial statements on the going concern basis unless it is inappropriate to presume that RCCG RABBONI PARISH will continue in operation

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of RCCG RABBONI PARISH, which enable them to ensure that the financial statements comply with Charities Act 1993.

They also responsible for safe guarding the assets of the RCCG RABBONI PARISH and hence taking reasonable steps for the prevention and detection of fraud and breaches of law an regulation.

Internal control and the mitigation of major risks

The Trustees have identified and reviewed the major risks of the charity and have establish internal controls to mitigate these risk

Page 2

Redeemed Christian Church of God Rabboni Parish

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR END 30 JUNE 2024

TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD - RABBONI PARISH

I report on the accounts for the year ended 30 June 2024 set out on pages 5 to 9.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

(i) examine the accounts under section 145 of the 2011 Act;

(ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

(iii) to state whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S REPORT y

g y y

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 you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair"

view and the report is limited to those matters set out in the statements below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

(a) which gives me reasonable cause to believe that in any material respect the requirements:

(i) to keep accounting records in accordance with section 130 of the 2011 Act; and

(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;

have not been met.

(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

DTT Consultancy Limited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

Date: 30th November 2024

Page 3

RCCG Rabboni	Redeemed Christian Church of God Rabboni Parish	Redeemed Christian Church of God Rabboni Parish	Redeemed Christian Church of God Rabboni Parish	Redeemed Christian Church of God Rabboni Parish	Redeemed Christian Church of God Rabboni Parish
	Annualaccountsforthe period
	Period start date	1st July 23	To	Period end date	30th June 24

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note 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 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before* *transfers* Prior Year Adjustment Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) *Net incoming/(outgoing) resources before* *other recognised gains/(losses)* Gross transfers between funds *Total resources expended* *Total incoming resources*		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		166,248	-	-	166,248	130,322
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		166,248	-	-	166,248	130,322

		-	-	-	-	-
		129,273	-	-	129,273	113,495
		-	-	-	-	-
		-	-	-	-	-
		15,177	-	-	15,177	19,113
		-	-	-	-	-
			-	-	-	-
		144,451	-	-	144,451	132,608
		21,798	-	-	21,798	2,286 -
		-	-	-	-	-
		21,798	-	-	21,798	2,286 -

		-	-	-	-	-
			-	-	-	-
		21,798	-	-	21,798	2,286 -
		17,005	-	-	17,005	19,291
		38,802	-	-	38,802	17,005

Page 4

Section B Balance sheet as at 30th June 2024

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total this year Total last year £ £ F04 F05	Total this year Total last year £ £ F04 F05
984	-	-	984	2,955
-	-	-	-	-
-	-	-	-	-
984	-	-	984	2,955

-	-	-	-	-
500	-	-	500	500
	-	-	-	-
37,618	-	-	37,618	13,850
38,118	-	-	38,118	14,350

300	-	-	300	300

38,118	-	-	38,118	14,350

38,802	-	-	38,802	17,005

	-	-	-	-
-	-	-	-	-

38,802	-	-	38,802	17,005

38,802			38,802	17,005
			-	-
	-		-	-
		-	-	-

38,802	-	-	38,802	17,005

Signature		Print	Date of approval Name
		Emilola Omowunmi Shyllon		30/11/2024

Page 5

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:

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].

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 .

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Page 6

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	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
donations 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
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	This includes any gain or loss on the sale of investments and any gain or loss resulting from
losses	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	These are capitalised if they can be used for more than one year, and cost at least £500. They
use 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	These are valued at the lower of cost or market value.

Page 7

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.

Analysis	This year Last year £ £	This year Last year £ £
Tithes	144,425	130,322
Interest	432
Gift Aid received	21,391
Total	166,248	130,322

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Page 8

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.

Analysis	This year Last year £ £	This year Last year £ £
Insurance	2,116	1,667
Adverts	718
Administrative Expenses	4,530	5,185
Honorarium	735	900
Furntiture		1,054
Travel Expenses	14,014	3,533
Hospitality	7,376	7,313
Postage,Printing& Stationery	2,909	4,186
Telephone Expenses	4,836	3,493
Motor Expenses	1,395	272
Rent/Lease	22,378	22,919
Pastor Stipend	40,625	39,923
Church runningexpense	346
Rates	3,079	3,380
Bank Charges	735	769
Training	2,642	639
SundryExpenses	767	947
Utilities	6,956	6,591
Events	1,588	1,459
Other expenses	885	411
Professional Fees	3,504	2,718
Repairs & Maintenance	5,168	4,164
Depreciation	1,971	1,971
Total	129,273	113,495

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
Total	-	-

Head officeRemittance- WEM	4,440	4,840
Donation	9,124	4,308
Welfare	1,014	8,383
CentralOfficeRemittance	600	1,582
Total	15,177	19,113

IndependentExamination fee	-	-
Legal
Total	-	-

Page 9

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).

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	This year £	Last year £
	300	300

Page 10

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

9.1 Cost or valuation
Musical Equipment Office Equipment Motor Vehicle Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ Balance brought forward 22,719 - 22,719 Additions - - - - Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward - 22,719 - - - 22,719 Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought forward - 19,764 - - - 19,764 Depreciation charge for year 1,971 - - 1,971 Impairment provisions - - - - - - Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward - 21,735 - - - 21,735 Brought forward - 2,955 - - - 2,955 Carried forward - 984 - - - 984 9.3 Net book value 9.2 Accumulated depreciation and impairment provisions*	Musical Equipment £	Office Equipment £	Motor Vehicle £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
		22,719			-	22,719
	-			-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	22,719	-	-	-	22,719
	-	19,764	-	-	-	19,764
		1,971		-	-	1,971
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	21,735	-	-	-	21,735

	-	2,955	-	-	-	2,955
	-	984	-	-	-	984

9.4 Revaluation

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

* 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.

Page 11

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

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

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 £
		-	-
-	-	-	-
500	500	-	-
-	-	-	-
500	500	-	-

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 Other creditors 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 £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	300	300	-	-
			-	-
	300	300	-	-

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.

Page 12