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** |**Fixed assets**
**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 13)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 14)**
**Endowment funds(Note 15)**
**_Total funds_**
Signed by|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09

B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**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.**_ |**Investment income**
**Incoming resources from**
**charitable activities**
**Voluntary income**
**Activities for generating funds**|**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.** |**Costs of generating**
**voluntary income**
**Fundraising trading**
**costs**
**Governance costs**
**Investment**
**management costs**
**Charitable activities**|**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.**_ |**Analysis of debtors**
**Trade debtors**
**Amounts due from subsidiary and associated**
**undertakings**
**Other debtors**
**Prepayments and accrued income**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||||-|-| ||-|-|-|-| ||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