The Redeemed Christian Church of God Zone of Resurrection FOR THE YEAR ENDED 31[st] May 2022
Trustees’ Statement
The trustees submit their annual report and the financial statements of The Redeemed Christian Church of God Zone of Resurrection (the charity) for the year ending 31 May 2022. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory 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.
STATUS
The charity was constituted under a Trust deed dated 23rd June 2010 and is registered in England and Wales on the 23rd June 2010 with charity number 1136564.
APPOINTMENT OR ELECTION OF TRUSTEES
Trustees are appointed and or co-opted under the terms of the trust deed.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEE’S
The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Pastor in Charge on the powers and responsibilities of the trustees.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The charity is organised so that the trustees meet regularly to manage its affairs. The Pastor in Charge manages the day to day administration of the church.
RELATED PARTY RELATIONSHIPS
RCCG Zone of Resurrection is a parish of The Redeemed Christian Church of God which has parishes all over the world. The parish’s relationship with other parishes is governed by an ‘Agreement for Common Purposes’.
RISK MANAGEMENT
The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity. The trustees are satisfied that the systems are in place to mitigate our exposures to the major risks.
OBJECTS AND ACTIVITIES
The principal object is the advancement of Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objectives, the church adopted the following strategies:
-
Running seminars in the church with proven ministers of the faith to guide members in the various aspect of Christian faith,
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Support for other charities and Christian events,
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Providing overseas aid and famine relief, and
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Getting involved in economic and community development
The Redeemed Christian Church of God Zone of Resurrection FOR THE YEAR ENDED 31[st] May 2022
The activities for achieving its objectives include:
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Community outreach events
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Conferences and events
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Welfare support to members and general public
-
Various missionary activities
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.
REVIEW OF ACTIVITIES
The church continues to enjoy tremendous growth in its physical and spiritual activities during the year, in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in its trust deed. The Charity supported was involved in several charitable works for public benefit in its community. For example, the provision of food for the less privileged.
INVESTMENT POLICY
The Trustees have decided that at present, funds should be retained in Banks and Building Societies, and as far as possible in interest bearing accounts.
RESERVES POLICY
The trustees’ policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended which equals to roughly £3,000 to £5,000 in general funds. They feel that this would enable the current activities to continue if there is a significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The free reserve is currently lower than the threshold outlined above, but the trustees are continuing to seek additional unrestricted funds to build up its reserve.
PRINCIPAL FUNDING
Funding has been provided mainly through tithes and offerings by church members and through gift aid. Pledges are also taken for specific projects.
FUTURE DEVELOPMENT
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-changing impact in society.
The Redeemed Christian Church of God Zone of Resurrection FOR THE YEAR ENDED 31[st] May 2022
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The charity trustees are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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Select suitable accounting policies and then apply them consistently
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Observe the methods and principles in the Charities SORP
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Make judgement and estimates that are reasonable and prudent
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.
The trustees recognise their responsibilities to keep proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.
Trustee Chair:
Ayo Adeola Emordi
Company Registration No. 06910416 (England and Wales)
RCCG ZONE OF RESURRECTION ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2022
RCCG ZONE OF RESURRECTION ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Director's report | 4 |
| Income statement | 5 |
| Statement of financial position | 6 |
| Notes to the accounts | 7 |
| Detailed profit and loss account | 8 |
- 2 -
RCCG ZONE OF RESURRECTION COMPANY INFORMATION FOR THE YEAR ENDED 31 MAY 2022
Director
Adeola Ayo Emordi
Company Number 06910416 (England and Wales) Registered Office 95B Woolwich Road London SE2 0DY United Kingdom Accountants FORVENTURES (ACCOUNTANTS & BUSINESS CONSULTANTS) 114 - 126 WESTMOOR STREET LONDON SE7 8NQ
- 3 -
RCCG ZONE OF RESURRECTION (COMPANY NO: 06910416 ENGLAND AND WALES) DIRECTOR'S REPORT
The director presents her report and accounts for the year ended 31 May 2022.
Directors
Adeola Ayo Emordi held office during the whole of the period.
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
Adeola Ayo Emordi Director
Approved by the board on: 28 February 2023
- 4 -
RCCG ZONE OF RESURRECTION INCOME STATEMENT FOR THE YEAR ENDED 31 MAY 2022
| Turnover Cost of sales Gross profit Administrative expenses Operating profit Profit on ordinary activities before taxation Tax on profit on ordinary activities Profit for the financial year |
2022 £ 46,580 - 46,580 (42,302) 4,278 4,278 - 4,278 |
2021 £ 35,047 (21,541) |
|---|---|---|
| 13,506 (13,211) |
||
| 295 | ||
| 295 - |
||
| 295 |
- 5 -
RCCG ZONE OF RESURRECTION STATEMENT OF FINANCIAL POSITION AS AT 31 MAY 2022
| Notes Current assets Debtors 4 Cash at bank and in hand Creditors: amounts falling due within one year 5 Net current assets/(liabilities) Net assets/(liabilities) Capital and reserves Profit and loss account Shareholders' funds |
2022 £ 1,312 1,021 2,333 1,716 4,049 4,049 4,049 4,049 |
2021 £ - 331 |
|---|---|---|
| 331 (560) |
||
| (229) | ||
| (229) | ||
| (229) | ||
| (229) |
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board and authorised for issue on 28 February 2023 and were signed on its behalf by
Adeola Ayo Emordi Director
Company Registration No. 06910416
- 6 -
RCCG ZONE OF RESURRECTION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2022
1 Statutory information
RCCG Zone of Resurrection is a private company, limited by shares, registered in England and Wales, registration number 06910416. The registered office is 95B Woolwich Road, London, SE2 0DY, United Kingdom.
2 Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
| 4 Debtors Amounts falling due within one year Other debtors 5 Creditors: amounts falling due within one year Other creditors |
2022 £ 1,312 2022 £ (1,716) |
2021 £ - |
|---|---|---|
| 2021 £ 560 |
6 Average number of employees
During the year the average number of employees was 0 (2021: 0).
- 7 -
RCCG ZONE OF RESURRECTION DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MAY 2022
This schedule does not form part of the statutory accounts.
| This schedule does not form part of the statutory accounts. | ||
|---|---|---|
| Turnover Sales Cost of sales Other direct costs Gross profit Administrative expenses Staff training and welfare Travel and subsistence Motor expenses Rent Telephone and fax Stationery and printing Insurance Equipment expensed Donations Consultancy fees Other legal and professional Operating profit Profit on ordinary activities before taxation |
2022 £ 46,580 - 46,580 4,180 950 30 766 356 - 2,477 6,935 1,275 25,333 - 42,302 4,278 4,278 |
2021 £ 35,047 |
| 21,541 | ||
| 13,506 | ||
| - 100 - 375 73 30 3,020 7,270 - - 2,343 |
||
| 13,211 | ||
| 295 | ||
| 295 |
- 8 -
REPORT OF THE INDEPENDENT EXAMINER AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 May 2022
Redeemed Christian Church of God Zone of Resurrection
CONTENTS
| CONTENTS | |
|---|---|
| Sheet | |
| Statement of fnancial activities | 1 |
| Balance sheet | 2 |
| Notes to the fnancial statements | 3 |
| Independent examiner's report | 4 |
REDEEMED CHRISTIAN CHURCH OF GOD Zone of Resurrection
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 May 2022
Note
INCOMING RESOURCES
Incoming resources from generated funds: Voluntary income 2 Investment income 3 Total incoming resources
RESOURCES EXPENDED
Charitable activities: 4 Contribution to central office & Headquarter Honorarium & Visiting Ministers Charitable donations Festival of Life WEM expenses Other resources expended Total resources expended
Net incoming/(outgoing) resources before transfers
Gross transfers between funds
Net movement in funds
Total funds b/fwd
Total funds c/fwd
| UNRESTRICTED | FUNDS | |
|---|---|---|
| TOTAL | TOTAL | |
| 2022 | 2021 | |
| £ | £ | |
| 46,580 | 35,047 | |
| 0 | 0 | |
| 46,580 | 35,047 | |
| 600 | 600 | |
| 0 | 0 | |
| 1,275 | 0 | |
| 0 | 0 | |
| 0 | 0 | |
| 40427 | 12,611 | |
| 42,302 | 13,211 | |
| 4,278 | 295 | |
| 0 | 0 | |
| 4,278 | 295 | |
| -229 | -524 | |
| £ | 4,049 | -229 |
Redeemed Christian Church of God Zone of Resurrection
BALANCE SHEET AS AT 31 May 2022
| Note | ||
|---|---|---|
| FIXED ASSETS | ||
| Tangible assets | 5 | |
| CURRENT ASSETS | ||
| Debtors | ||
| Bank and cash balances | 6 | |
| CURRENT LIABILITIES | ||
| Creditors payable within one year | 7 | |
| NET CURRENT ASSETS | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||
| TOTAL NET ASSETS | £ | |
| THE FUNDS OF THE CHARITY | ||
| Unrestricted income funds: | 8 | |
| TOTAL FUNDS | ||
| APPROVED by the Trustees Meeting held on 28th February 2023 | ||
| and signed on its behalf by Adeola Ayo Emordi |
| TOTAL | TOTAL | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| 0 | 0 | |||
| 1312 | 0 | |||
| 1,021 | 331 | |||
| 2,333 | 331 | |||
| 1716 | -560 | |||
| 4,049 | -229 | |||
| 4,049 | -229 | |||
| £ | 4,049 | £ | -229 | |
| 4,049 | -229 | |||
| £ | 4,049 | £ | -229 |
Redeemed Christian Church of God Zone of Resurrection
NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 May 2022
1 ACCOUNTING POLICIES
1a Accounting Convention
The financial statements have been prepared under the historical cost convention,and in a Financial Reporting Standards for Smaller Entities(effective January 2007),the Charity Act 1 the requirements of the Statements of Recommended Practice,Accounting and Reporting b
1b Fund Accounting
Unrestricted funds are available for use at the discretion of the church in furtherance of its objectives.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor, o in the terms of a grant.
1c Tangible Fixed Assets
This is to wite off each asset over the estimated useful life.
1d Incoming Resources
All voluntary giving is included in the financial statements for the period in which it is recei All other income is generally recognised when it is receivable.
- 1e Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings t all cost related to the category.Where cost cannot be directly attributed to particular headi allocated to activities on a basis consistent with the use of resources.
1e Taxation
Accordingly it is potentially exempt from taxation on its charitable activities No provision for taxation has been made in these financial statements.
2 VOLUNTARY INCOME
Tithes and offerings Gift ,donations other fund
3 INVESTMENT INCOME
Bank interest
4 CHARITABLE ACTIVITIES COSTS
Contribution to central office & Hqts Honorarium & visiting Ministry Charitable donation WEM Expenses
CONTINUATION OF THE NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 May 2022
| 5 | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Furn. | ||||
| £ | ||||
| Brought forward 31 May 2021 | 0 | |||
| Additions in year | 0 | |||
| Depreciation for year | 0 | |||
| Carried forward 1 June 2021 | £ | 0 £ | ||
| 6 | CURRENT ASSET | |||
| TOTAL | ||||
| 2022 | ||||
| £ | ||||
| 2,333 | ||||
| 7 | CURRENT LIABILITIES | |||
| Creditors payable within one year: | ||||
| Other creditors | 1,716 |
8 MOVEMENT IN FUNDS
| NDS | |
|---|---|
| Unrestricted fund TOTAL FUNDS |
At 31:05:22 £ 4,049 |
| 4,049 |
| Net movement of funds is as follows: Unrestricted fund General Fund TOTAL FUNDS |
Incoming resources £ 46,580 |
|---|---|
| 46,580 |
REDEEMED CHRISTIAN CHURCH OF GOD Zone of Resurrection DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 M
INCOMING RESOURCES
Voluntary income Tithes and Offerings Gift and Donations BuildingFund
Investment Income Deposit account interest
RESOURCE EXPENDED
Charitable activities
Festival of life Central Office,Headquaters,retreat
Honorarium &visiting Ministry WEM Expences Charitble Donations Total
Other Resource Expended
Telephone Printing,postages & Stationeries Books & Tapes Stipends and Allowances Convention and conference Hospitality and Welfare Sundry Expenses Evangelism & Publicity Rent & Hiring of hall Education & Training Insurance Church running expenses Accounting charges Bank Interest & Charges Depreciation and tangible asset Other
Total Resource Expended
Net income(expenditure)
ccordance with the 1993 and the by Charities.
charitable
or contained
ved.
that aggregate ngs they have been
| £ £ |
TOTAL TOTAL 2022 2021 £ £ 46,580 35,047 0 0 46,580 £ 35,047 0 0 0 £ 0 |
|---|---|
----- Start of picture text -----
DIRECT TOTAL
COST
£ £
600 600
0 0
1,275 0
0 0
£ 1,875 £ 600
----- End of picture text -----
| Eqpt. £ 0 0 0 0 TOTAL 2021 £ 331 -560 |
Total NBV £ 0 0 0 |
|---|---|
| 0 | |
| Net movement £ 4,278 4,278 |
At 1:06:21 £ -229 |
|---|---|
| -229 |
| Resource Expended £ 42,302 42,302 |
Movement in funds £ 4,278 4,278 |
|---|---|
MAY 2022
| 2022 £ 46,580 0 0 46,580 0 0 |
2021 £ 35,047 0 0 |
|---|---|
| 35,047 0 |
|
| 0 |
600
600
| 0 0 1,275 1,875 356 0 0 0 580 4,180 0 0 766 0 2,477 574 0 324 0 31,170 40,427 42,302 |
0 0 0 |
|---|---|
| 600 73 30 0 0 1,100 0 0 0 375 0 3,020 712 0 166 0 7,735 |
|
| 12,611 | |
| 13,211 | |
| 4,278 | 295 |
Redeemed Christian Church of God Zone of Resurrection
FINANCIAL STATEMENTS FOR YEAR ENDED 31 May 2022
INDEPENDENT EXAMINER'S REPORT
We report on the financial statements for the year ended 31 May, 2022 which are set ou previous pages.
Respective responsibilities
The charity's trustees is responsible for the preparation of the financial statements, and requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my state, on the basis of procedures specified in the General Directions given by the Charity under Section 43(7)(b) of the Act, whether particular matters have come to my attention
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions of the Charit An examination includes a review of the accounting records kept by the charity and a co accounts presented with those records. It also includes consideration of any unusual ite in the financial statements, and seeking explanations concerning any such matters. Th undertaken do not provide all the evidence that would be required in an audit, and cons express an audit opinion on the view given by the financial statements.
Independent Examiner's Statement
In connection with my examination of the accounts, nothing came to my attention which to believe otherwise than that the financial statements accord with the accounting recor that those records satisfied the requirements of the Act. I am not aware of any matter t should be drawn in order to enable a proper understanding of the financial statements t
Signed by the Independent Examiner: B J Ajayi date: 28th February 20
Forventure Consults 2 Veridion Way 43.3 Engine House Erith DA18 4AL
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consider that the audit y responsibility to y Commissioners n.
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023