2022-03-31-accounts

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

RCCG Living Faith Assembly

Report and Financial Statements

Page Legal and administrative information 2 Report of the Trustees 3

Legal and administrative information

Trustees Isaac Peter Sybil Nzeribe Brenda Lagan Anne Odoemelam Principal office 28 SOUTH WATER CLOSE IFIELD CRAWLEY RH11 0EY Bankers HSBC 9 The Boulevard Crawley West Sussex RH10 1UT Accountant / Independent examiner Tunji Ogedengbe 36 Daffodil Close, Hatfield Herts AL10 9FF

Report of the Trustees for the year ended 31[st] Mar 2022

It is with great pleasure we present the 2022 annual report and the financial statements for the year ended 31[st] Mar 2022.

The financial statement have been prepared in accordance with the accounting policies set out and comply with the charity trust deed and the recommendations of the Statement of Recommended Practice, Accounting and Reporting by Charities and complies with the applicable law.

Objectives of the Charity, Principal activities and Organisation of our work.

The RCCG Living Faith Assembly church is constituted as a charity in its own right and is therefore governed by the charities Act 1993.

We have laid out RCCG Living Faith Assembly church under five themes:

To teach the sound word of God, leading to result oriented prayers.

To further the advancement of Christian faith and educating members of the community as necessary.
To organize children and youth activities, to promote unity in the course of developing deeper spiritual growth.
To provide hospitality to visiting ministers of Gospel.
To work in cooperation with other Christian organisations (local and international) and support events to achieve Christian aims and objectives.

Development, activities and achievements this year.

The Charity continued to strive to ensure the objectives of the charity are met. This year we continued to meet the objectives of furthering the Christian faith and alleviating the sufferings of the people generally irrespective of their race, background, sex or faith.

This year we have been successful in sharing the Christian faith and helping people develop biblical principles that build up self esteem enabling them to stay out of criminality and social vices and further assisting them to build self esteem enabling them to fulfill their purpose in life and live a happy productive life.

The church is keen at providing stronger family ties and educating the youth. We operate counseling and advisory sessions on a weekly basis to large number of members on matters of family life and education of young members.

We continued to support and encourage young people by providing a Youth Church where teenagers meet on Sunday morning under a caring, supportive and encouraging atmosphere. Our activity also included the organisation of leadership seminars for the benefit of the community where youths and other matured individuals were encouraged to take up leadership roles within the community.

In terms of donations we supported a number of charities and organisations involved in giving relief of flood disaster and other emergency incidents around the world. This year we supported International missions in Ghana and Italy, and also an aid relief Agency to underprivileged people in Africa.

This year trustees consider that the performance of the parish has been satisfactory both in terms of advancement of the Christian faith and in generating needed resources.

The church purchased a new building this year.

Future development.

We hope to increase our involvement with community through social inclusion by further strengthening our counseling sessions, developing biblical principles, organising leadership seminars, economic empowerment, impacting entrepreneurship skills etc

Financial results and future activities .

The statement of the financial activities shows income of £147,454 and expenditure of £107,697.

In the light of the growth in the congregation size, the financial support of the church by donors increased over that of the last year. This has enabled the church to support quite a good number of Christian organisations, charities and visiting ministers as well as meeting other charitable objectives.

The present level of funding is adequate to support the continuation of the church objectives.

Risk Management.

The trustees actively review the major risks which the charity faces on a regular basis. The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.

Volunteers.

Many volunteers give up their time to help at the church, particularly at weekends and in the evenings. We are greatly indebted to these volunteers for their commitment and support.

Approved by the trustees and signed on their behalf by:

Isaac Peter

Board of trustees

20[th] Dec 2022

RCCG Living Faith Assembly - 1135965

Annual Accounts

1 Apr 21 - 31 Mar 2022

Prepared by DTT Consultancy Ltd

RCCG Living Faith- Annual Account Apr 18 - Mar 19	RCCG Living Faith Assembly	RCCG Living Faith Assembly	RCCG Living Faith Assembly		1135965
	Annualaccountsforthe period
	Period start date	1st Apr 21	To	Period end date	31st Mar 22

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 Gift aid 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* Gains and losses on investment assets Prior Year Adjustment 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
		-	-	-	-	-
		128,567	-	-	128,567	98,981
		-	-	-	-	-
		18,887	-	-	18,887	11,235
		-	-	-	-	-
		-	-	-	-	-
		147,454	-	-	147,454	110,216

		-	-	-	-	-
		87,425	-	-	87,425	78,678
		-	-	-	-	-
		-	-	-	-	-
		20,273	-	-	20,273	17,909
		-	-	-	-	-
		-	-	-	-	-
		107,697	-	-	107,697	96,587
		39,757	-	-	39,757	13,629
		-	-	-	-	-
		39,757	-	-	39,757	13,629

			-	-	-	-
		-	-	-	-	-
		39,757	-	-	39,757	13,629
		137,164	-	-	137,164	123,535
		176,921	-	-	176,921	137,164

Section B Balance sheet

Unrestricted funds £ F01	Restricted funds £ F02	Endowment funds £ F03	Total this year Total last year £ £ F04 F05	Total this year Total last year £ £ F04 F05
380,000	-	-	380,000	-
-	-	-	-	-
-	-	-	-	-
380,000	-	-	380,000	-

-	-	-	-	-
-	-	-	-	-
	-	-	-	-
24,771	-	-	24,771	137,514
24,771	-	-	24,771	137,514

350	-	-	350	350

24,421	-	-	24,421	137,164

404,421	-	-	404,421	137,164

227,500	-	-	227,500	-
-	-	-	-	-

176,921	-	-	176,921	137,164

176,921			176,921	137,164
			-	-
	-		-	-
		-	-	-

176,921	-	-	176,921	137,164

Signature		Print Name		Date of approval
		Issac Peter		20/12/2022

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 (§ 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

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
	 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 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.

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 £ £
Donations	128,567	98,981
Offering
Gift Aid Claim	18,887	11,235
Total	147,454	110,216

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

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

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

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.

This year Last year £ £ Analysis	This year Last year £ £ Analysis	This year Last year £ £ Analysis
WAGES AND SALARIES	32,871	54,115
RENT	12,359	2,933
BANKCHARGES	108	175
INSURANCE	1,295	1,253
TELEPHONE	1,321	1,574
HONORARIUM	2,936	2,250
PRINTING & STATIONARY	658	640
STORAGE	1,633	705
OFFICE EXPENSES	1,534	885
TRAVEL	430	1,310
CHOIR & MEDIA	858	607
TRAINING	1,976	480
LICENCE FEES	1,690	-
CHURCH ITEMS. EQUIPMENT &TECHNICAL	5,056	8,830
HOSPITALITY	301	-
DRAMA CLUB	-	-
MOTOR EXPENSES	2,289	1,696
PROFESSIONAL FEES	19,066	640
INDEPENDENT EXAMINATION	350	350
ADVERT & PUBLICITY	183	70
WEBSITE	135	-
REPAIR & MAINTAINENCE	100	51
OTHERS	-	132
COVID EXPENSES	-	188
BOOKS & LIBRARY	275	500
Total	87,425	78,678

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

	-	-
	-	-
	-	-
Total	-	-

WELFARE	3,242	6,322

COF	1,089	720
WEM	9,492	4,217
MISSION	3,100	4,116
AREA /REGIONAL	750	-
DONATION	1,250	314
CONFERENCE	1,350	1,215
FOL	-	300
EVANGELISM
Total	20,273	17,909

	-	-
	-	-
	-	-
Total	-	-

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 £
	350	350

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 & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
	-	-	-	-	-
380,000	-		-	-	380,000
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
380,000	-	-	-	-	380,000

9.2 Accumulated depreciation and impairment provisions

SL or RB	SL or RB	SL or RB	SL or RB	SL or RB	SL or RB

-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-

-	-	-	-	-	-
380,000	-	-	-	-	380,000

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.

s

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 £
	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

Note 12 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
This year £	Last year £	This year £	Last year £
-	-	-	-
350	350
-	-	-	-
-	-	227,500	-
-	-	-	-
350	350	227,500	-

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.

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of Redeemed Christian Church of God Living Faith Assembly

On accounts for the year ended

[31][st][ March 2022] Charity no (if any) 1135965

Set out on pages

(remember to include the page numbers of additional sheets)

Respective responsibilities of trustees and examiner

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

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent My examination was carried out in accordance with general Directions given examiner’s statement by the Charity Commission. 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 the 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 statement below.

Independent In connection with my examination, no matter has come to my attention examiner's statement (other than that disclosed below *)

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 comply with the accounting requirements of the Charities Act
have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Please delete the words in the brackets if they do not apply.

Signed: Ogedengbe Date: 20[th] Dec 2022 Name: Tunji Ogedengbe Relevant professional ACCA qualification(s) or body

IER

(if any):

Address:

Section B Disclosure

Only complete if the examiner needs to highlight material problems.

IER

Give here brief details of any items that the examiner wishes to disclose .

IER

RCCG Living Faith Assembly

Report and Financial Statements

Contents

Legal and administrative information

Report of the Trustees for the year ended 31[st] Mar 2022

Objectives of the Charity, Principal activities and Organisation of our work.

Development, activities and achievements this year.

Future development.

Financial results and future activities .

Risk Management.

Volunteers.

Board of trustees

RCCG Living Faith Assembly - 1135965

Annual Accounts

Section B Balance sheet

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

Give details in this box if a different standard has been followed.

1.2 Change in basis of accounting

1.3 Changes to previous accounts

Section C Notes to the accounts (cont)

Note 2 Accounting policies

INCOMING RESOURCES

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.

Section C Notes to the accounts (cont

Note 4 Analysis of resources expended

Section C Notes to the accounts (cont)

Note 5 Support Costs

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

6.2 Fees for examination or audit of the accounts

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

9.2 Accumulated depreciation and impairment provisions

9.4 Revaluation

s

Note 11 Debtors and prepayments

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

Note 12 Creditors and accruals

12.2 Security over assets

Respective responsibilities of trustees and examiner

Section B Disclosure