THE REDEEMED CHRISTIAN CHURCH OF GOD {RCCG) LIVING PRAISE SUNDERLAND Charity Reg No: 1130145 TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 MARCH 2024 Ayoks Con5ultinE Lt Page I
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND CONTENTS Reference and Administrative Details Trustees, Annual Report Independent Examiner's Report Statement of FinancialActivities Balance Sheet io Notes to the Financial Statements li Ayoks Con5ultinE Lt Page2
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND REFERENCEANDADMINISTRATIVE DETALSOFTHECHARITY. ITSTRUSTEES &ADVISERS FOR THEYEAR ENDED31 MARCH 2024 Trustees General Overseer Pastor Adio Lawrence Fagbayi- Chairman Mr Rotimi MatthewAkinsipe Pastor Wilson Sunday Ernezanena Erijoh Pastor E AAdeboye Pastor Musa Bako Prin¢ipalAddress Praise Hall Pallion Road Sunderland Charity Registration No SR4 6LR 1130145 Independent Examiner Ayoks Consulting Limtted IlnternationalAccourrtantl Bankers Barclays Bank PIC Chester Road Branch 7th Floor 135 Chester Road The Balance Sunderland 2 Pinfold Street Tyne andwear Sheffiel(J SR47HP SI 2GU Ayoks Con5ultinE Lt Page 3
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND TRUSTEES, ANNUAL REPORT FOR THEYEAR ENDED31 MARCH 2024 The trustees submitted their report and the financial statements ofThe Redeemed Christian Church of God IRCCGI Living Praise Sunderland for the year ended 31 March 2024. The trustees confirmed that the annual report and financial of the charity complywith the current statutory requirements of the charity governing documents and the provisions of the Statement of Recommended Practice ISORPI'Accounting and Reporting by Charities. issued in March 2005. STATUS The charity was constituted under a Trust deed dated 4 May2009 and is regsteied in England and Wales with charity number 1130145. APPOINTMENT OR ELECTION OFTRUSTEES Trustees are elected and co-opted underthe terms of thetfU5t dee(J. ORGANISATIONALSTRUCTUREAND DECISION MAKING The charity 15 organised in such mannerthat permit5 Ihe trusteesto meet and manage ils alfairs. The Pastor in Charge manages the day-to-day administration of the church. RELATED PARTY RELATIONSHIPS The charity is a parish of The Redeemed Christian Church of God IRCCGI which has parishes all overtheworld. The charity's relationship with other RCCG parishes is governed by an Agreement for Common Purpose5'. PRINCIPAL FUNDING Funding ha5 been provided mainlythrough tithes and offeiings by church members as well as gift aid. OBJECTS AND ACTIVITIES The principal object of the trust is the advancement of Christian faith worldwide and propagating the Gospel of our Lord and Sawour Jesus Christ. To fulfil its mission and positively impact the community. RCCG Living Praise Sunderland engaged wilh residents of Sunderland and surrounding areas, including Hartlepool, Hetton le Hole, Houghton le Spring, Seaham, and Washington, through the Six161 house fellowship centres that have been established across the cityto foster intimate connections within smaller groups. These gatherings provide opportunities for indNiduals to share faith. find encouragement, and draw strength from the Word of God. The three131 additional RCCG churches thatwas planted lastyear in Washington. Ashington, and Seaham experienced a gradual growth in membership and were able to bring hope. love. and lailh to these communities, offering spiritual support and a sense of belonging. Ayoks Con5ultinE Lt Page4
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND TRUSTEES, ANNUAL REPORT Icontinuedl FOR THEYEAR ENDED31 MARCH 2024 RCCG Living Praise Sundertand organised 3 variety of religious activities aimed at fostering spiritual growth. including Sunday worship seNices, midweek Bible teachings. prayer meetings, and faith-based seminars led by experienced ministers and speakers. The charity relied on the support of One hundre(J11001 volunteers who see{l in various capacities within different church groups, including Men's Fellowship. Women's Fellowship, Youth and YoungAdult Fellowship. Music Ministry, Hospitality Ministry, Multimedia Ministry, Children Ministry. Ushering Unit. and Chiistian Education Ministry to achieve the below mentioned. ACHIEVEMENTS AND IMPACT FOR THE BENEFIT OF THE PUBLIC The charity engaged in community and corporate social responsibilrty initiative5. Some of the annual event5 and actNities organised bythe charity in the cornmunity include the Men's Fellowship Conference, the Goo(J Women of Influence Conference, and the Golden Age Fellowship, a tnonthly gatheringtor senior citizens. The church's children ministry organised a program titled'when Children Pray," which took place from Thursday, August 10th to Saturday, August 12th, 2023. This event encouraged children and teenagers from across the city to come together to deepen their understanding of their identity in Christ an(i to learn howto live a life of worship to God. To facilitate participation. transportation was provided to ensure that a5 manychildren a5 possible could attend, particularly a5 manywere on holiday during this time. In addition to our spiritual initiatives, we held a Talent & Career Choice5 Workshop ITCWI forteenagers of Secondary school and college students. This event provided over 35 attendeeswith valuable information to aid in their career selection and subject choices before pursuing universty. The positive feedback and testimonials from participants underscore the workshop's significant impact. By integrating spiritual guidance with practical support, RCCG Liwng Praise Sunderland aims to make a meaningful and lasting difference in the lives of individuals and the broader community. The charity ceased its monthly contribution of £100 as a member of the management board for Christian Against Poverty ICAPI Debt Centre in Sunderland due to the centre's unsustainability. It was collectively decided bythe five151 management churches to close the centre. To further demonstrate the charity's commitment to creating a cleaner and more beautiful environment for everyone, the charity conlinued its Pave the Way Project. held monthly, aimed at cleaning up local environmenls and tackling litter in the streets. Through the dedicated efforts of volunteers, an impiesswe average 01412 bags of litter were collected during each project session. The significant impact of this initiative has garnered admiration and supportfrom the local community. The charity hosted its highly anticipated annual communityfamily picnic at Seaburn Beach on Saturday 22 July, which drew more than 1000 attendees. including children. from the surrounding areas. The event created a vibrant and engaging atmosphere thal foslered a strong sense of community and togetherness. Feedback from participants was overwhelmingly posilive. with many expressing their appreciation lor the well-organised and enjoyable activities. Ayoks Con5ultinE Lt Page S
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND TRUSTEES, ANNUAL REPORT Icontinuedl FOR THEYEAR ENDED31 MARCH 2024 RCCG Living Praise is deeply committed to promoting family values by hosting events for married couples throughout the year. One such event is the Annual Couples Weekend (How do you want your love served?). took ptace from Friday 20th to Sunday 22nd October 2023. This gathering offered married couples a chance to strengthen their marital relationships, especially during a time when domestic violence and divorce rate5 have risen. The goal of the event IS to help couples cultivate Chri5t-centred marriages that endure, serve as a beacon of hope to the world. and create a legacyfor future geneiations. During the festive season, the charity also organised a Christmas Carol event where volunteers actively spread festive cheer by singing and distributing Christmas cards and hampers to two elderly homes in the Millfield and Pallion communities. This thoughttul gesture brought comfort and joyto the residents, allowingthem to feel the warmth and love of the season. RCCG Living Praise Sundertand held a 5pecialWorker5' Retreattitled'our Next Move.. This exclusive event was designed specifically for all church workers, aiming to rejuvenate their spirits. protnote personal growth, and ernpowerthem to advance in their departmental or ministryjourney. The retreatfocused on exploring innovative approaches, deepening faith. and enhancing leadership skills. It took place on Saturday, January 27th. 2024, and was attended byover 150 volunteerworkers. The charity places a strong empha51S Oll the well-being of both its members and the local community. As part of this commitment, a mini-series of Mental Health Education Wellbeing Seminars titled "Your Mental Health and You" was organised by the Coun5elling and Healthcare Teams. These serninars aimed to tackle important 155ues such a5 abuse, anxiety, and depression. The lirst session was held on Friday, january26. 2024. The charity remains dedicated to supportingfellow organisation5 across the United Kingdom, includingthe Sunderland Connect network, which assists local church leaders in Sunderland through guided explorations aimed atfostering deeper community engagement and providing prayer support forthe ctty and its leaders. Each year, the charity contributes £360 to thi5 important initiative. Additionally, the charity contribLrtes £120 each yearto the Festival of Life prayer everrt, which takes place bi-annually in London and various other regions across the United Kingdom. PROJECTIONS FOR 202412025 YEAR l. Religiou5 activitie5.' Religious Activities= The trust will continue to organise regular worship 5ervice5. prayer meetings. and Bible study 5e5SlOnS for the congregation. Additionally, we plan to host special religious events, including conferences, and spiritual retreats. 2. Outreach programmes.. We intend io estsblish a branch of the church dedicated to our outreach initiatives, which will actively engage with the community to promote messages of love. hope. and faith to those who are vulnerable and in need. Thi5 could involve visiting individuals in prisons. supporting thosewho have been formerly imprisoned. as well as attending to patients in hospitals, homeless shelters, and other social institutions to help, encouragement. and support 3. Empowerrnent and motivational 5eminar5'. We plan to organise Seminars and workshops ntred on personal development. financial literacv. entrepreneurship, and career guidance. These events will be designed to empower individuals in our communityto realise their full potential and attain success in various areas of life. Ayoks Con5ultinE Lt Pagef
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND TRUSTEES, ANNUAL REPORT Icontinuedl FOR THEYEAR ENDED31 MARCH 2024 4. Corporate social responsibility.. We will incrÈase our efforts in giving back to the tommunitythrough torporate social responsibility initiativos. Specifically, we plan to concentrate on initiatives that benefit the elderly and the youth. This may include providingfinancial support, organizing health and wellness programs, and facilitating skill acquisition programs for these demographic groups. Expansion and Erowth.. We prayerfully hope that God will continueio b1 the trust with growth and prosperity. We intend to explore opporrunities for expansion, such as acquiring the buildingthatthe charity currently occupies and upgra(Jing the tacilities to make them morewelcoming and supportivefor ourmembersand thewidercommunty in need. In summary, our aim is to maintain a positive impact on the lives of oui congregation and communty members, drawing them closer to God and empoweringthem to lead fulfilling and purposeful lives. STATEMENT OF TRUSTEES, RESPONSIBILITIES The charitytru5tees are responsible for preparingtheTru5tees' Annual Report and financial statements in accordance with applicable law and the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales require5 the trustees to prepare linancial statements for each financialyear which gives a true and fair view ofthe state of affairs of the charity and of the incorning resources and application of resources of the charity forthat period. In preparingthe financial statements, the trustees are required to.. Select suitable accounting policies and then applythem consistently, Observe the methods and principles in the Charities SORP- Makejudgement and estimates that are reasonable and prudent- Prepare the financial statements on the going concern basis unless it is inappropriate to presumethat the charity will continue in operation. The trustee5 recognise their responsibilities to keep proper accounting records that disclose with reasonable accuracy at any time the linancial position of the charity and enablethem to ensure that the financial statements complywith the Charity Act 2011. They are al50 responsible for safeguarding the a55ets of the charity, hence taking reasonable steps forthe prevenlion and detection of fraud and other irregularities. The appended financial statements have been prepared on the accrual basis and have been examined by an independent examiner, whose report is also appended. Approved by the trustees and signed on their behalf by= Musa Bako Name.. Position: Trustee Signature.. Date: 16/12/2024 Ayoks Con5ultinE Lt Page7
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND INDEPENDENT EXAMINER'S REPORT TOTHETRUSTEES OFTHE REDEEMED CHRISTIAN CHURCH OFGOD LIVING PRAISE PARISH I report to the trustees on my examination of the accounts of The Redeemed Christian Church of God IRCCGI Living Praise Parish forthe year ended 31 March 2024 which is set out on pages 9- 13 RESPONSIBILITIESAND BASIS OF REPORT As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'TheAct"l- I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given bythe Charity Commission under 14515llbl of the Act. INDEPENDENTEXAMINER'S STATEMENT I have completed my examination. I conlirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. accounting records were nol kept in respect of theTru5t as required by Section 130 of the Act,. or 2. the accounts do not accord with those records; or 3. the accounts do not comply with applicable requirements concerning the form and conlent otthe accounts set out in the Charities (Accounts and Reports) Regulations 2008 otherthan any requirements that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. Abiodun Akintebi, FAIA FCCA Ayoks Consulting Limited 71h Floor The Balance 2 Pinfold Slreet Sheffield SI 2GU Ayoks Con5ultinE Lt Page8
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND STATEMENT OF FINANCIAL ACTIMTIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted Funds Funds Notes Total Total 2024 2024 2024 2023 INCOMING RESOURCES Donalions, legacies & similar incoming resources 178.901 178.901 156,062 Activities in furtherance of charity's object 35.495 35,495 23,739 Other Income 8,353 8,353 Total Incoming Resources 222,749 222,749 179,800 RESOURCES EXPENDED Charitable Expenditure 21.084 21.084 19,148 Managementand Governancecost 167,326 167,326 113,856 Total Resources Expended 188.410 188,410 133,004 Net Incominglloutgoingi Resources forthe year 34.339 34,339 46,796 BALANCEAT BEGINNING OFTHE YEAR 48.755 90,489 139,245 92,449 BALANCEAT ENDING OFTHEYEAR 83.094 90,489 173,583 139,245 Ayoks Con5ultinE Lt Page9
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND BALANCESHEET ASATYEAR ENDED 31 MARCH 2024 Notes 2024 2023 FIXED ASSETS Tangible Assets 39,021 36,056 CURRENT ASSEtS Debtor and Prepayments Cash and bank balances 160,335 133,403 160,335 133,403 SHORTTERM LIABILITIES Creditors lamountfalling due within a yearl 125.7731 130.2151 NETCURRENT ASSETS 134,562 103.188 LONG TERM LIABILITIES Creditors lamountfalling due after more than one yearl NE[ ASSEtS 173,583 139,245 CHARITY FUNDS Unrestricted 83,093 48,755 Restricted 90,490 90,490 173,583 139,245 Approved by the trustees and signed on their behalf by: Name.. Musa Bako Position.. Trustee Signature.. Date: 16/12/2024 Ayoks Con5ultinE Lt Page 10
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND NOTES TO THE ACCOUNTS I. ACCOUNTING POLICIES lal The accounts are prepared underthe historical cost convention and in accordance with applicable accounting standards. They follow best practice as set out in the Statement of Recommended Practice: Accounting and Reporting by Charities ISORPI issued March 2005 as modified for smaller charities. Ibl Income and expenditure is accounted tor on an accruats basi5. Icl Fixed assets comprise motorvehicles, furniture and fittings, computer equipment and musical equipment Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residualvalue over their expected useful lives on the following bases= Musical equipment 25% straight line Furniture and fittings 25% straight line Computer equipment 25% straight line Motorvehicle5 25% straight line Idl Unrestricted funds are incoming resources received forthe objects of the charitywithoutfurther Specified purpose and are available as general funds. lel Restricted funds are subject to restrictions on their expenditure imposed bytheir donors. Unrestricted Restiicted Funds Funds Total Total 2024 2024 2024 2023 2. DONATIONS, LEGACIESANDSIMILAR INCOMING RESOURCES Tithe 149,399 149,399 125,571 Offering 23,041 23,041 26.507 Thanksgiving 6.461 6,461 3,984 178.901 178.901 156,062 Unrestricted Restricted Funds Funds Total Funds Total Funds 2024 2024 2024 2023 3. ACTIVITIES IN FURTHEFIANCE OF CHARITY OBJECTS Building Fund 2,350 Gift Aid 35,495 35,495 21.389 35,495 35,495 23,739 Ayoks Con5ultinE Lt Page 11
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND NOTESTOTHEACCOUNTS Icontinuedl Unrestricted Restricted Funds Funds Total Total 2024 2024 2024 2023 4. CHARITABLE EXPENDITURE Donation 7,629 7,629 Honorarium 900 900 1,900 Holel&Accommodation 4,547 4,547 Welfare 2,131 2,131 728 Refreshment & Hospitality 5.877 5.877 9,972 21.084 21.084 19,148 Unrestricted Restricted Funds Funds Total Total 2024 2024 2024 2023 5. MANAGEMENT& GOVERNANCECOST WEM &COF 5.600 5,600 5,450 Insurance 5.509 5.509 3.583 Administrative 2,822 2,822 2.291 Printing 977 977 822 Stationery & Postage 407 407 2,880 Professional Fees 10.167 10.167 2,622 Depreciation 23.148 23,148 17,496 Rent & Rate 10.365 10,365 13,376 Repair5 & Maintenance 47,977 47,977 12.898 Staff Cost 44,740 44,740 44,740 Telephone & Internet 2.306 2.306 1,392 Travels 6.232 6,232 3.134 Training & Development 3.614 3,614 107 Bank Charges 1,037 1,037 804 Utilities 2.426 2,426 2,261 167.326 167,326 113,856 Ayoks Con5ultinE Lt Page 12
THE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI LIVING PRAISE SUNDERLAND NOTESTOTHEACCOUNTS Icontinuedl Motor Vehicle Musical Equipment Computer Equipment Furniture & Fittings 6.TANGIBLE FIXEDASSET Total Cost At l April 2023 40.979 16.567 10,024 49,184 116,755 Additions duringthe year 8,800 11,242 2,059 4,012 26,113 At31 March 2024 49,779 27.809 12,083 53,196 142,867 Depreclatlon At l April 2023 31.946 12.388 4,864 31,501 80,699 Charged for the year 7,908 4.859 2,359 8,022 23,148 At31 March 2024 39,854 17.247 7,223 39,523 103,846 Net Bookvalue At31 March 2024 9.925 10.562 4,860 13,674 39,021 At31 March 2023 9.033 4.180 5.160 17,683 36.056 2024 2023 7. CREDITORS: AMOUNTFALLING DUEWITHIN ONEYEAR Owings 25,773 30,215 25,773 30,215 2024 2023 Unrestricted Restricted Unrestricted Restricted 8. RESERVE (CHARITY FUNDI Balance blf 48.755 90.490 62.279 30.170 Incoming Resources 222,749 177,450 2,350 Expended Resources 188.410 133,004 Transfer between funds 157,9701 57,970 Balance clf 83.093 90,490 48,755 90,490 Ayoks Con5ultinE Lt Page 13