2023-06-30-accounts - Redeemed Christian Church Of God (Rccg) Holy Ghost Zone Coventry

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Charity no 1127576 Company house 06032215

THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE COVENTRY

Annual Accounts

1 July 2022 - 30 June 2023

Prepared by DTT Consultancy Ltd

THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE COVENTRY

TRUSTEES' REPORTS FOR THE YEAR ENDED 30 JUNE 2023

The Trustees present their annual report together with the financial statements of The Redeemed Christian Church of God Holy Ghost Zone Coventry (the charity) for the ended 30 June 2023. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The church is constituted under Memorandum and Articles Incorporated 18 Dec 2006

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are appointed and co-opted under the terms of the Trust deed.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the parish pastor and volunteers.

e. RELATED PARTY RELATIONSHIPS

Holy Ghost Zone Coventry is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes".

f. RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

g. GRANT MAKING POLICY

The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG programmes.

The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

Page 1

THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE COVENTRY

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 30 JUNE 2023

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The objectives of the church are:

To advance the christian religion for the public benefit in accordance with the doctrines of our lord jesus christ , through the
The relief of poverty by such charitable means as the trustees consider appropriate the objects to be carried out as a

Each year our trustees review our objectives and activities to ensure they continue to reflect our aims.

In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The church has adopted the following strategies for achieving the above objectives:

organisation of seminars and events to address issues of relevance to the relief of poverty and provision of care and support for the needy as appropriate;
planting of churches; and
support for other charities and events with similar objectives.
social action initiatives in the community

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The main activities of the church are as follows:

Sunday service
Weekly night Bible Studies and house fellowships at various centres

d. VOLUNTEER MANAGEMENT

The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, office work and

e. INVESTMENT POLICY AND PERFORMANCE

The trustees have decided that at present, funds should be retained in bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

f. VULNERABLE BENEFICIARIES

The church works with vulnerable groups including children and make sure users are safe and protected from harm. Volunteers,

g. CONFLICT OF INTERESTS

No trustee is in a position where their duty as a trustee will conflict with any personal interest they may have.

h. COMPLAINTS HANDLING

We are committed to ensuring that people have all necessary support required to make a complaint. Complaints are accepted Anyone wishing to make a complaint will be provided with a Complaints Handling Statement, which summarises how a

Page 2

THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE COVENTRY

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 30 JUNE 2023

ACHIEVEMENTS AND PERFORMANCE

a. REVIEW OF ACTIVITIES

The church undertook the following activities:

Career Development Training

Your Vote, Your Voice Youth Politics awareness conference

Free Lunch On Jesus (FLOJ) Community outreach to distribute free Christmas hampers

Free Health Check ( in collaboration with NHS)

Primary School dinner monthly fund support

Back to School Prayer

Food Bank

Financial Literacy, Investments and Mortgage�

Marriage Counselling Classes

Youth Arena

Praise Week Summer Festival Community Outreach

Parenting Workshop

IT Training

Teachers Training

Student Support

Street Pastors

Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE COVENTRY

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 30 JUNE 2023

FINANCIAL REVIEW

a. RESERVES POLICY

Members of the church have been generous this year. The statement of the financial activities shows net unused resources for

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the

b. PRINCIPAL FUNDING

This is provided mainly through voluntary tithes and offerings by the church members.

PLANS FOR THE FUTURE

a. FUTURE DEVELOPMENTS

We are hoping to acquire a grant to fence the church building and we are also looking to start our Nursery this year by God's

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year

select suitable accounting policies and then apply them consistently;

Easter Outreach

make judgments and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the

This report was approved by the Trustees on 16th Jan 2024 and signed on their behalf, by:

Michael Tolulope Olajide

Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE COVENTRY

INDEPENDENT EXAMINNERS REPORT FOR THE YEAR ENDED 30 JUNE 2023

I report on the financial statements of RCCG Holy Ghost Zone for the year ended 30 June 2023 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act),as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, as amended, whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities Commissioners. 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 I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

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

(i) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting requirements

of the Act have not been met; or

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

........................................................... Tunji Ogedengbe 16th January 2024 36 Daffodil Close Hatfield AL10 9FF

Page 5

RCCG	The RCCG Holy Ghost Zone	The RCCG Holy Ghost Zone	The RCCG Holy Ghost Zone	The RCCG Holy Ghost Zone	The RCCG Holy Ghost Zone	1127576
	Annualaccountsforthe period
	Period start date	1st July 2022	To	Period end date	30th June 2023

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 resources expended* *Total incoming resources* *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		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		304,371	-	-	304,371	250,242
		-	-	-	-	-
		-	-	-	-	-
		37,441	-	-	37,441	40,160
		-	-	-	-	-
		341,812	-	-	341,812	290,402

		-	-	-	-	-
		141,976	-	-	141,976	106,160
		-	-	-	-	-
		-	-	-	-	-
		92,394	-	-	92,394	46,750
		620	-	-	620	620
		-	-	-	-	-
		234,991	-	-	234,991	153,531
		106,821	-	-	106,821	136,871
		-	-	-	-	-
		106,821	-	-	106,821	136,871

			-	-	-	-
						3,482 -
		106,821			106,821	136,871
		523,812			523,812	390,422
		630,633	-	-	630,633	523,812

Page 6

Section B Balance sheet as at 30 June 2023

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
1,021,119	-	-	1,021,119	1,026,256
-	-	-	-	-
-	-	-	-	-
1,021,119	-	-	1,021,119	1,026,256

-	-	-	-	-
19,265	-	-	19,265	13,399
-	-	-	-	-
41,525	-	-	41,525	5,313
60,790	-	-	60,790	18,712

620	-	-	620	620

60,170	-	-	60,170	18,092

1,081,289	-	-	1,081,289	1,044,348

450,656			450,656	520,537


630,633	-	-	630,633	523,812

630,633			630,633	523,812
			-	-
	-		-	-
		-	-	-

630,633	-	-	630,633	523,812

Signature		Print	Date of approval Name
		Michael Tolulope Olajide		16-Jan-24

Page 7

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*

0 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 (§ except for the following).

§ if no changes have been made to accounting policies then delete these words.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Page 8

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	 the charity becomes entitled to the resources;
	 the trustees are virtually certain they will receive the resources; and
	0
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 donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
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 losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND	LIABILITIES
Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Governance costs	Include costs of the preparation and examination of statutory accounts, the costs of trustee
	meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
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 use	These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.

Page 9

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 £ £
Offering,Thanksgivingand Tithes	304,371	217,102
HMRC reimbursement of PAYE overpayment	-	33,140
Total	304,371	250,242

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

Interest	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Gift Aid	18,176	40,160
Gift aid receivable	19,265	-
	-	-
	-	-
	-	-
Total	37,441	40,160

Page 10

RCCG House Holy Ghost Zone

Section C Notes to the accounts

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 £ £
Salary& Wages	29,555	26,555
Church Licence/management system	1,701	661
Telephone	2,433	1,900
Printingand Stationery	2,527	665
Mortgage Interest	18,891	11,500
Training	8,914	4,659
Depreciation	5,137	5,137
Utilities	17,741	15,827
Other Church RunningExpenses	13,093	4,940
Insurance	3,956	3,510
Charges	2,238	1,955
Pension	3,410	3,384
Vehicle exp	1,211	1,275
HMRC	10,932	7,447
Professional fees	7,315	11,275
Travel	4,766	1,233
Repair & Maintanence	7,190	3,356
Other	966	881
Total	141,976	106,160

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

	-	-
	-	-
	-	-
Total	-	-

Donation & Welfare	10,136	6,171
Africa Missions	600	925
Central Office	5,100	3,100
Church Outreach	24,015	24,054
WEM	30,000	12,500
Church Planting	22,544	-
Total	92,394	46,750

Accountingfees	620	620

Total	620	620

Page 11

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 £
	620	620

Page 12

RCCG House Holy Ghost Zone

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

Freehold land £	Renovation work £	Motor Vechicle £	Church equipment £	Computer and Software £	Total £
985,000	29,322	69,650	53,224	-	1,137,196
	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
985,000	29,322	69,650	53,224	-	1,137,196
	-	69,650	41,290	-	110,940
			5,137		5,137
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	69,650	46,427	-	116,077

985,000	29,322	-	11,934	-	1,026,256
985,000	29,322	-	6,797	-	1,021,119

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 13

RCCG House Holy Ghost Zone

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 £
		-
19,265	13,399	-	-
			-
-	-	-	-
19,265	13,399	-	-

Note 12-13 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
Thisyear	Lastyear	Thisyear	Lastyear
£	£	£	£

620	620
		3,500	29,500
		10,959	34,959
		436,197	456,078
620	620	450,656	520,537

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