THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF PRAISE Charity Reg. No 1127435 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE, 2022 RCCG-City Ofprae. Manchester." R¢poTtsfvr theyeor ended30th June 2033
THE REDEEMED CHRtsriAN CHURCH OF GOD (RCCG) crry OF PRAISE CONTEPtrs Page Reference and Administrative Details of the Charity Trustees, Report 4-6 Independent Examinerfs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-12 RCCG-City ofProise. Manchr.. Reportsfvr theyearended 30June, 2022
THE REDEEMED CHRtsrtAN CHURCH OF GOD IRCCG) CITY OF PRAISE REFERENCEANDADMINISTRATIVEDETAILS OFTHECHARirY, Irs TRUSTEES ANDADVISERS FOR THE YEAR ENDING 30JUN4 2022 GENERAL OVERSEER Trustees Pastor Rufus Aizeboje Pastor Oladipo L•wal Pastor Adebayo Olablsl Charity Registration Number 1127435 Prlnclpal Office St Paul's Peel Communlty Hall Manchester Road West Uttle Hulton Manchester Icorrespondences to: 20 Wallbrook Crescen¢ Uttje Hulton, Manchester, M38 9EEI. Pastor In ¢horqe Independent Examiner Akintayo Ojo FCCA 46 Hollywood Way Erith, DA8 2QE Bankers NATWEST Bank 8ARCLAYS Bank 121 Market Street Farnworth l Market 5treeL Bolton L48EY. BLI IBU. RCCG-City of Praise, Monchester Reportsfor theyear ended 30th June 2022
THE REDEEMED CHRISllAN CHURCH OF GOD (RCCG) CTfY OF PRAISE TRUSTEES'REPORTFOR 7HE YEARENDED30JUNE2022 The Trustees submit their annual report and the nanCial Ststements of the Redeemed Christian Church Of God IRCCG) CITY OF PRAISE (The charttyl for the Year ended 30 June 2022. The Trustees confirm that the Annual Report and the Finandal Statements of the Charity comply with the current statutory requirements of the CharitVs governing documents and the provlsions of the Ststement of Recommended Prartice1SORP} "Accounting and Reportin8 by Charitie< issued in March 2(KJ5 The charlty also trades under the name CITY OF PRAISE srATUS: The Charity was constttuted under a Trust Deed dated ISI July 2(M)8 and is re815tered in England and Wales wlth Charlty number 1127435. APPOINTMENT OR ELECTION OF TRUSTEE5: Trustees are elected and or appointed under the tems of the Trust Deed. pouaES ADOPTED FOR THE INDucfioN AND TRAINING OF NEW TRUSTEES: The Sndurtion proce for a newly appolnted member of the 8oard of Trustees comprlses an Inltlal meeting wrth the Chair and other Trustees, followed by short meetings with the Pastor In charge on the powers and respon5ibilltles of the Trustees. ORGANISATIONAL STRucfvRE AND DEasM)N MAKING: The Charfty Is or8anised so that the Trustees meet regularly to manage its affalrs. The Parish pastor manages the day to dav admlnlstration of the Charity- REIATED PARTY RELATIONSHIPS: RCCG fCITYOFPR4ISE) Is a Parfsh of the Redeemed Chrfstlan Church of God (which has parishes all overthe world). The parlsh's relationship with other parlshes Is governed by an "A8reement of Common Purposes" POST COVID-19 RECOVERY: The Trustees are delighted to see a rdpid recovery from the consequen5 of COVID-19 pandemlc. Thls has reflerted in both physlcal attendance at seThices as well as donations. Despite tUrn to nornial physical serlices, the Churth ha5 continued to improve on its onllne broadcasts. OWECTS AND ACTNMES.. The principal objectls the advancement of the Christian falth worldwlde and the rellef of poverty. To promote any charltsble actlvity for the benefit of the local people. To achleve Its oblectlves. the Church adopted the followin8 strdte8ie5: Rvnnir6 seminars in the thurch with proven mInIste of the faith to 8ulde members In the vartous aspects of Christian faith Supportforthe chailies ar thri5Eian mnts. Provldln8 ovèrséas ald and famine lIef. and Involvin8 in Econcrfnic and Communlty tknvdojInt RCCG-City ofPrnise. Manchester.. Reportsfor theyearended 30June. 2023
THE REDEEMED CHRIThCHURCH OF GOD (RCCGI CITY OF PRAISE TRusfEES' REPORT(CONfiNUEDJFOR THE YEAR ENDED30JUNE2022 The activlties for achlevlng its objectives indude: Community outreach events Conferences and events Welfare support to members and general publlo and Varlous mlssionary activities GRANT MAKING POUCY: The Churth supports vlsitln8 minlsters of the gospel both wlthln and outslde the United Klngdom. Support is also given to RCCG Central Office, World Evangelism Mlssion, Festival of knfe and other RCCG programmes. The Church supports other charitles and mlssionary that shares its objects In athiancement of Chrlstian falth and rellef of poverty. The Church also give occaslonal grants to congregational members who are In need. VOLUNTEER5: The Church Is grateful to the unfllnchlng efft)rts of Its volunteers who are involved In providing services for the Charity. It is estimated that over 2,420 hours a provided by volunteer5 durlng the year. If thls is conservatively valued at £9.50 per hour. the volunteerfs effort wlll amount to £22,990. REVIEW OF ACTMTIES: The Church continue to enjoy trefflendous growth in its Physical and Spiritual Ilfe durlng the year, and in the advanment of Christian falth in accordan wlth the doctrlnes set out In the Statement of Falth as contalned In our Trust Deed. Following the COVID-19 Imposed lockdown In mld-march, 2022, the Church has been conductbng Its artlvlties vlrtually. We strongly believe that the rapid response of the Churth to ensure continuou5 touch with the Community through the WORD and essentlal food supplles has pald off significantly. We have invested into BroadcastSn8 Equlpment and Technology as well as other Safety materials to achieve this. INVESTMEIIT POUCY: The twstees have declded that at present. fund5 should be retslned In Banks and Buildlng Societiès and as far as possible in interest bearing accounts. FUNDING AND REBATES: Fundln8 ha5 been provided mainty throu8h fithes and Offerin8s by Church members ènd through Glft Ald. Donations a also accepted for special programmes and projects. During the year, the Charity reoived a total of £9.744 in external funding. £5.544 from Sath>rd aty Councll/HAF to support HolldoyArtfvldes Proje¢ and £4200 from HMRC as Ernployerfs National Insurance Contribution rebate. FUTURE DEVELOPMENf: The Charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The Charity is also looking to grow in membership and continue to develop its members to make life<han8ing impatt in soaety. RCCG-City ofPraise, Moncherter Reportsfor theyearended 30 June, 2022
(RCCG) OF PRAISE TRUSfEES' REPORT(CONTINUEDI FOR THE ENDED 30JUNE2022 ATEMENTS OFTrusfEEg RESPONSIBiimES The Trustees are responsible forpreparfn8the Annual Aeportand Financial Statements in accordance with appllcable laws and regulatlon Charlty law quireS the twstees to prepare Rnandal Statsments for eath Financial Year. Underthat law the trustees have elected to prepare the Nnandal Statements in accordan with thè United Klngdom generdlly accepted accountlng pract1( (Unlted ld0M Actountlryg Stsndards and appllcable lawl.The Financlal Ststementsare rnqulred toBlve atrue and falrvwof the state of affalrs of the ch¥rfty for that period. In preparin8 these finandal 5tstementy the trustees are requlred to: Select suitsble •r£ountln8 polioes and then apply them consistently: Make judgement and estlmates that are reasonable and prudent: Prepare the finandal ststements on the going conrn basls unless It Inapproprfate to presume th8t the company wlll contlnue in operatlon. The trustees recognlse thelr responslbllftle5 to keep proper accountlng rrdS that dlsdose with reasonable accuracy at any time the fih•nd•l p051don of the Charity and enable them to ensure that the Hnandal Statements comply with the CharStle5 Att 2011. They are a150 responsible for safeguardlnB the assets of the Charlty and hence tokln8 reasonable stsps for the prevèntlon and detectlon of fraud and other Irre8ularltles. The appended Flnanoal Ststements have been prepared on the Accruals bas and have been examined by an Independent £xamlner. whi)se is also appended. Approved by the Trust on ?0Tr3 arKI 518ned on thelr behalf by: Trustee RCCG-City ofPrais¢ Monchetr. Reportsfor theyeor ended30 June, ZOZZ
THE REDEEMEDCHRISWCHURCHOF GOD (RCCG) crry OF PRAISE INDEPENDENTWINEWS REPCRTFOR YEAR EWDED30JUNE2022 TO: ThETRUST£ES OFYHE IIEDEEKfD oiiiim4N CHUROI OF GOD IRCCGI CITYOF PRAISE. I report on the acrounts oftt Ch1tyftY th• Yaqr Jun0 2m2 whkhlsset (rt on pages 8-12 Thg thartys Tnrn are reSpe fLYthe prep¥aOon ofthe accthmt& The (huWsTrustees con51dorthat an audlt Is not requlred for INS yèar Sethon 1491) of trR Ojarltses kt 2011 that èn Independent examlnatlon Is n•edad. tt15 my responbIlItyto.' Examlne the aLrounts lundwset1lL IWII (al ofthè 2011 k4low the prttedwes lald down In tht8•neral 8tr4eA bythe tharlty Commlssloners and stste whether parti¢Jts mattqrs h4CLn•t0MYal1•nt11. 8AS15 OF EXAMINEn 5TATEMEtir My examln4tlon w•$ othed In XCOrdan Tth th88fjwal dlrecdcmts8lv bythe Ch•ilty Comml4loners. An examinadon includes a rv1flthv(theaccntl reLvrdskeptbythechar1tyand a cLYnparlsefi ofthe Accots presented withthose recds. Italx) Indje5 cOnderatIOn of any unuyjal Itemsor d5d05ures In the accounts, and seeklng explanatlonsfrun 35 trustees coremin8 anysuch Mattern The Procedu undertaken do not provlde all the 4¥1d•nc•thatwd be requlred In an authL and clhwuentty I do not express an audlt oplnion on the bythe xcoun EXAMWEIVS 5[ATEIlr In connectlonwlth myexamlnaoon. FM) matEW hascomgto my attenEiffitothe reaSOnable cause to bel th#t in any materf81 resp¢rtthe requSr•m8nts: To keep accouniin8 recrrds In a(DydarKe thè requlrwx•nt of Sertion 130 d the Charttl•s Act 2011: and To propare accounts whlth actcd wlth the &cwnt5tvJ and to c(vnpty TJth the •lcwuntin8 re9ulrem•ntsof the Charhles Kt2(ni halve not been meL' or to WhIC In my opinion, attenti should be draTm In (Yd4r to •nablo a propw urwJerstsn(thnK of the accountsto be wd*d. SIGNED Aklntsyo Ojo FCCA 46 Hollywcth way Erfth DA8 2QE DATE: RCCG-City ofPrnise, Manchthr Reportsfvr theyetsrended30June 2032
The Redeemed Christian Church of God City of Praise Statement of Financil Activities for the year ended 30th June, 2022 2021 Incomln8 Resources: Voluntary Donations GiftAid Other Fundln8 and Rebate Interest 108,480 18.632 9,744 74 65,598 23,385 13,591 18 Total 136.930 102,59Z Resources Expended Charltable Expenditure Grants Payable-lnstitutlonal Cost of Activities in furtherance of Charlty's objects Governance Costs Totsl Resources Expended 12,617 48,497 49,881 110.995 7,447 26,867 44,113 78,427 Net IncomlngllOutgoin8} Resources Total Funds at the Beginnin8 of the Year Balanc• at the end ol the Year 25,934 24.165 122,360 98,195 148,294 122,360 RCCG City of Praise, Manchester. Reports for the year ended 30th June. 2022
The Redeemed Christian Church of God City of Praise Balan Sheet as at 30th June, 2022 Note$ 2022 Flxed Assets: Tan8lble Assets 33.165 20A65 Current Assets: Bank and Cash Balances other Receivables lo4.1 22.642 126.793 80,835 24.184 105,019 Totsl As•ots ,958 5 less Uabllltlés: Amont Due wlthln l Year io 11.664 3,524 N•t Ass•ts 148,294 122,360 Charlty Funds: General Unrestrlcted 148,294 122.360 Totsl Funds 148,294 122,360 The Accounts have been prepared In aCCOTdance with speclal provision of Statement of Recommended pfdctlce: Accountlng and reportlng bv Chritles1SORP)1s5ued In Marth 2007 as modifled for smaller Charltles Approved by the Tntstees on: and 518ned on their behalf by.. Pastor Rutus RCCG cty of Praise. MaKhester. Reports forthe yearended 30th June, 2022
The Redeemed Christian Church of God City of Praise Notes to the Accounts for the year ended 30th June, 2022 Note I Accounting Poliues The Accounts have been preparedunder the HistorTrcal C05t Convention in accordance with applicable Accounting Standards. They follow Best Practice5 a5 ststed out in the Ststement of Recommended Practice: Accounting and Reporting by Charitses ISORP) issued In March, 2CYJ7 as rnodified for small Charities. bl Income is accounted for on Actual Receipt Basis while Expendltures are recorded on Accrual Basis. We reco8nlse Gfft Alds due frorn HMRC based on the credibility of the source. cl Flxed Assets: Comprlse of Motorvehides, Musical Equlpment. Office Equipment and Fumiture Stems, and are stated at Cost Less Depreclation dl Depreciatlon Is provlded at rntes ¢akulted to wrtte off the cost of the assets Ile expected dlsposal value) over expected useful lives. The following rates apply.. Motor Vehlcles: Computer and Office Equlpment: Musical Equipment Funlture & Flttlngs el Donatlon Classification and Appropriation: -25% -25% -25% -25% We capture donations through Bank ststements and In servke cash collectlons. Classification of onllne donatbns might not be total correct because many donors do not speclfy donatlon category. However. we use the Ushers, records to account for collections for the purpose of Thanks8fvlng collectlons approprfatlon. Donatlons. Legacle5 and Slmllar Incomln8 Resources Note 2 2022 2021 Collertion 4t Sernices 108 S591 Note 3a Gift Akl 18.632 23,385 Note 3b Other FurOn8$ & Rebate HMRCJRS HMRC Nl Rebate Forviva Forever Manchester 4,2(M) 2,783 SaFford City Council (Community Re¥ive/HAF) io,Mo 13,591 9.744 Note 4 Receivables GiftAid Other5 11,828 10,814 7,020 17.164 24,184 io RCCG aty of pralse, Manchester: Reports for the year ended 30th June, 2022
The Redeemed Christian Church of God City of Praise Notes to the Accounts for the Year ended 30th June, 2022 2022 2021 Note 5 Grants Payable4nstltutional World Evangellcal Mission (WEM) Central Office Funding 12.017 6.847 600 7A47 12.617 Note 6 Cost of Actlvltl¢s In Furtherance of Charlty Objects External Speakers Expenses/Honorarium Training Semlnars and Conferences Travel and Subslstence Rent, rates and Licenees Welfare Expenses Telephone and Communication Motor Vehicle Expenses Insurance Depreciation Hospltallty Repair and Malntenance 1.870 610 1,082 3.196 s.2 5.630 8,423 811 1,582 2.647 5,216 7.255 2,790 738 2.010 2.309 3,637 2,384 335 48,497 26,867 Note 7 Man•8em•nt •nd Gov•rnanc• Costs AdministratNe Salaries Legal and Professional fees Independent Examlner's fee 45.161 4,370 350 49.881 40,620 3.143 350 44,113 li RCCG City of praise, Manchester. Reports for the year ended 30th June, 2022
The Redeemed Christian Church of God City of Praise Notes to the Accounts for the Year ended 30th June, 2022 Muskal Compirter Funlture Equlpmert and Other & Flttlnzs Equlpment Totsl Vehicles Note 8 Flxed A55ets At 30 June 2021 Additions Disposals At 30 Jum 2022 7.157 9,985 28.193 S,941 11.868 636 18.027 954 65.245 17,516 17.142 34.134 12,504 18.981 82,761 Depreclatl¢)n At 30June 2021 Additions Disposals At 30 June 2022 3,525 18.312 2.470 13.444 1,146 44,380 5,216 692 4.433 20.782 9.791 14,590 49,596 Net Book Value As at 30 June 2021 9,881 2.769 4,583 20,86S As at 30 Jun• 2022 12,709 13.352 2,713 4,391 33,165
)1¥ 21>21 XI•, 2021 Note 9 Bank Balances Natwest Bank Barclays I.030 4.120 lo4,1 73,139 2,389 75528 Note 10 Credltors & Accruak Remittances Due Other Accrued Expenses 10.614 1.050 11,664 2.825 700 12 RCCG C5ty of pr4ise. Manchester: Reports for the year ended 30th June, 2022