# **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) SOLUTION ASSEMBLY NEWCASTLE**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 11TH OCTOBER 2023**
## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)**
## **SOLUTION ASSEMBLY NEWCASTLE**
|**Contents**|**Page**|
|---|---|
|CORPORATE INFORMATION|3|
|BOARD OF TRUSTEE’S REPORT|4 – 6|
|INDEPENDENT EXAMINER’S REPORT|7|
|STATEMENT OF FINANCIAL ACTIVITIES|8|
|STATEMENT OF FINANCIAL POSITION|9|
|ACCOUNTING POLICIES|10|
|NOTES|11 -13|
2
||**CORPORATE INFORMATION**|||
|---|---|---|---|
|**Registered Charity Number:**|1139961|||
|**Principal Address**|Solution House|||
||29 Welbeck Road|||
||Newcastle upon Tyne|||
||NE6 2HU|||
|**General Overseer:**|Pastor E. A. Adeboye|||
|**Minister-in-Charge:**|Pastor Adetola David Odumade|||
|**Board of Trustees:**|Pastor-Mrs Christiana Longe|-|Chairperson|
||Pastor-Mrs Oluwayemisi Onanuga|-|Member|
||Mr Evong B. Evong|-|Member|
||Mrs Funmi Kolawale|-|Member|
|**Bankers:**|HSBC|||
||110 Grey Street|||
||Newcastle upon Tyne|||
||NE1 6JG|||
3
## **BOARD OF TRUSTEE’S REPORT**
The trustees present their report with the financial statements of the charity for the year ended 11 October 2023. The trustees have adopted the provision of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Public Benefit Statement**
The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".
## **Governing Document**
The charity is an unincorporated association governed by a constitution. Eligibility for members of board of trustees is governed by the constitution.
There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
## **Organisation Structure**
The church is organised such that the trustees meet at regular intervals to manage its affairs. The day to day activities of the church is administered by the Pastor-in-charge:-
_Pastor Adetola David Odumade_
## **Volunteers**
Many volunteers sacrifice their time to help with the routine activities of the church. We are greatly indebted to these volunteers for their unwavering commitment and support.
## **Appointment of New Trustees**
Trustees are appointed by strict spiritual guidelines and biblical qualities that mirror Christ-like attributes. There was no trustees’ remuneration or other benefits.
The trustees who served during the period were as follows:
|_Pastor-Mrs Christiana Longe_|_-_|_Chairperson_|
|---|---|---|
|_Pastor-Mrs Oluwayemisi Onanuga_|_-_|_Member_|
|_Mr Evong B. Evong_|_-_|_Member_|
|_Mrs Funmi Kolawale_|_-_|_Member_|
## **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 mitigate these risks.
4
## **Related Parties and Objective**
RCCG Solution Assembly is a member of Redeemed Christian Church of God (RCCG) which has parishes in many countries of the world. The relationship between the parishes and RCCG is governed by an agreement for common purposes.
Our objective is to raise men and women who have been transformed by the power of God’s word to lead and impact their generation for Christ as ambassadors that provide solutions to every challenge of life.
## **Principal Funding Sources**
The sources of fund are provided mainly through tithes and offerings by church members as well as gift aid.
## **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 objective, the charity adopted the following strategies;
- Conducting Sunday worship services, midweek Bible study and prayer meetings;
- Running seminars in the church with proven ministers of faith to guide members in the various aspects of Christian faith;
- Support for other charities and Christian events; and
- Regular visitation within the local community to provide required support.
The activities for achieving its objectives include:
- Community outreach events
- Conference and events
- Welfare support to members and general public; and
- Various missionary activities
## **Achievements and Future Developments**
This year we have successfully share our Christian faith by promoting positive values to reduce social vices among the youths in our communities, providing educational materials for children to support struggling families, delivering comprehensive career development path for students and many more community-oriented events.
As we pursue life transforming programmes and embark on spreading the gospel of Christ, we anticipate transformation in peoples’ life and growth in membership that will lead to planting of more parishes.
Indeed, the present level of funding is sufficient to support the continuation of the church objectives.
## **Financial Reviews**
During the period, the total of sum £173,771 was received in voluntary income. Total resources expended was £152,902 thus resulting in operating surplus of £20,869. Cash at the end of the period was £22,687.
## **Future Development**
5
The Charity plans to continue with its various activities relevant to its local community. In the coming year, the Charity plans to organise more developmental seminar/conference and workshops for its members and local community,
## **Trustees’ Responsibilities**
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charity, and of the incoming resources and application of resources for that period. In preparing those financial statements, the trustees have:
- ❖ Selected suitable accounting policies and applied them consistently;
- ❖ Observed the methods and principles in the Charity SORP;
- ❖ Made judgements and estimates that are reasonable and prudent;
- ❖ Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- ❖ Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the charity will continue in operation).
- ❖ The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which 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 2005 SORP for charities and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2007). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the detection and preventions of fraud and other irregularities.
This report was approved by the Board of Trustees and signed on their behalf by:
## **On behalf of the charity:**
__________________________ _____06/09/2024__________ Pastor-Mrs Christiana Longe Date Chairperson, Board of Trustees
6
## **INDEPENDENT EXAMINER’S REPORT**
**Report to the trustees/members of:** The Redeemed Christian Church of God (RCCG) Solution Assembly Newcastle **On accounts for the year ended:** 11[th] October 2023, set out on pages 9 - 13 **Charity No:** 1139961
## **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(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity commission (under Section 145(5) (b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **Basis of the Independent Examiner’s Report**
My examination was carried out in accordance with the General Directions given 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 include consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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 Examiner’s Statement**
In connection with my examination, no matter has come to my attention:
1. 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 2011 Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act
Have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Signed:** O.A. **Date:** 19[th] August 2024
**Name:** Olalekan Aladesanmi FCCA
**Relevant professional qualification(s) or body (if any):** ACCA
**Address:** 17 Cork Street, Sunderland, SR1 2AN
7
## **STATEMENT OF FINANCIAL ACTIVITIES: YEAR ENDING 11[TH] OCTOBER 2023**
|**Notes**
**INCOMING RESOURCES**
Donations, Legacies and similar
incoming resources
1
Activities in furtherance of charity's
object
2
**Total Incoming Resources**
**RESOURCES EXPENDED**
Grants and Donations
3
Costs of activities for Charitable
objectives
4
Support costs
5
Management and Governance Cost
6
**Total Resources Expended**
Net (Resources expended/Incoming
Resources)
Total Funds brought forward
**Total Funds carried forward**|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total Funds**
**£**
**£**
**£**
**£**
160,499
-
160,499
75,852
13,272
-
13,272
41,798|
|---|---|
||173,771
**-**
173,771
**117,650**|
||32,683
- 32,683
15,824
77,863
- 77,863
82,455
38,916
- 38,916
33,601
3,440
-3,440
7,024|
||**152,902**
**- 152,902**
**138,904**|
||20,869
-
20,869
- 21,254
56,014
-
56,014
77,267|
||**76,882**
**-**
**76,882**
**56,014**|
8
## **STATEMENT OF FINANCIAL POSITION: YEAR ENDING 11[TH] OCTOBER 2023**
|**Notes**
**Non-current Assets**
Tangible Assets
7
**Current Assets**
Cash in Bank
**Short Term Liabilities**
Creditors (amount falling due in one year)
8
Net Current Assets
**Long Term Liabilities**
Creditors (amount falling due after more than one
year)
9
**Net Assets**
**Charity Funds**
Unrestricted
Restricted
Total Charity Funds
10|**2023**
**2022**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
289,751
299,240|
|---|---|
||22,687
22,025|
||22,687
22,025|
||34.150
6,662|
||-11,463
15,363|
||201,405
258,589|
||**76,883**
**56,014**|
||76,882
56,014
-
-|
||**76,882**
**56,014**|
The financial statements were approved by the Board of Trustees on ……6/09/2024…………. and were signed on its behalf by:
…………………………………………….
Pastor-Mrs Christiana Longe – Chairperson
9
## **ACCOUNTING POLICIES**
The fundamental accounting policies, all of which have been consistently applied throughout the year, are set out below:
## **(a) Scope and Basis of Preparation**
The financial statements of Solution Assembly have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **(b) Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purposes.
## **(c) Incoming Resources**
All incoming resources are accounted for when the Charity is legally entitled to the funds and the amount can be quantified with reasonable accuracy.
## **(d) Resources Expended**
All expenditure is accrued for on accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
## **(e) Cash flow**
The financial statements do not include a cash flow statement because the church, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective June 2002).
## **(f) Tangible Fixed Assets and Depreciation**
Depreciation is charged on an annual rate on a reducing balance basis in order to write off each asset over its estimated useful life.
**Asset Category Annual Rate** Land and Building 2% on cost Motor Vehicles 10% on cost Fixtures and Fittings 25% on cost Equipment 20% on cost
## **(g) Taxation**
The charity is exempt from corporation tax on its charitable activities.
10
## **NOTES**
|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**1. Donation, Legacies and Similar Incoming**
**Resources**
**£**
**£**
**£**
**£**
Tithes
99,059
- 99,059
52,943
Offering
46,527
-
46,527
18,313
Thanksgiving
7,498
- 7,498
1,633
Seed of Faith
879
-
879
659
Welfare
978
- 978
441
First Fruits
3,892
- 3,892
1,339
Mission
284
-
284
107
Other donations
1,382
-
1,382
419
**160,499**
**- 160,499**
**75,852**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**2. Activities in Furtherance of Charity Object**
**£**
**£**
**£**
**£**
Grant Received - Gift Aid
-
-
-
31.990
Rent received
13,272
-
13,272
9,808
**13,272**
**- 13,272**
**41,798**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**3. Grants Paid (Institutional and Non-**
**institutional)**
**£**
**£**
**£**
**£**
RCCG - World Evangelical Mission
23,102
-
23,102
13,228
RCCG - Central Office Fund
600
-
600
600
RCCG Regional/Province/Area Contribution
1,450
-
1,450
500
Festival of Life
280
-
280
240
Evangelical Support
6,831
-
6,831
1,136
OHCC dues
420
-
420
120
**32,683**
**-**
**32,683**
**15,824**|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**1. Donation, Legacies and Similar Incoming**
**Resources**
**£**
**£**
**£**
**£**
Tithes
99,059
- 99,059
52,943
Offering
46,527
-
46,527
18,313
Thanksgiving
7,498
- 7,498
1,633
Seed of Faith
879
-
879
659
Welfare
978
- 978
441
First Fruits
3,892
- 3,892
1,339
Mission
284
-
284
107
Other donations
1,382
-
1,382
419
**160,499**
**- 160,499**
**75,852**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**2. Activities in Furtherance of Charity Object**
**£**
**£**
**£**
**£**
Grant Received - Gift Aid
-
-
-
31.990
Rent received
13,272
-
13,272
9,808
**13,272**
**- 13,272**
**41,798**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**3. Grants Paid (Institutional and Non-**
**institutional)**
**£**
**£**
**£**
**£**
RCCG - World Evangelical Mission
23,102
-
23,102
13,228
RCCG - Central Office Fund
600
-
600
600
RCCG Regional/Province/Area Contribution
1,450
-
1,450
500
Festival of Life
280
-
280
240
Evangelical Support
6,831
-
6,831
1,136
OHCC dues
420
-
420
120
**32,683**
**-**
**32,683**
**15,824**|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**1. Donation, Legacies and Similar Incoming**
**Resources**
**£**
**£**
**£**
**£**
Tithes
99,059
- 99,059
52,943
Offering
46,527
-
46,527
18,313
Thanksgiving
7,498
- 7,498
1,633
Seed of Faith
879
-
879
659
Welfare
978
- 978
441
First Fruits
3,892
- 3,892
1,339
Mission
284
-
284
107
Other donations
1,382
-
1,382
419
**160,499**
**- 160,499**
**75,852**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**2. Activities in Furtherance of Charity Object**
**£**
**£**
**£**
**£**
Grant Received - Gift Aid
-
-
-
31.990
Rent received
13,272
-
13,272
9,808
**13,272**
**- 13,272**
**41,798**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**3. Grants Paid (Institutional and Non-**
**institutional)**
**£**
**£**
**£**
**£**
RCCG - World Evangelical Mission
23,102
-
23,102
13,228
RCCG - Central Office Fund
600
-
600
600
RCCG Regional/Province/Area Contribution
1,450
-
1,450
500
Festival of Life
280
-
280
240
Evangelical Support
6,831
-
6,831
1,136
OHCC dues
420
-
420
120
**32,683**
**-**
**32,683**
**15,824**|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**1. Donation, Legacies and Similar Incoming**
**Resources**
**£**
**£**
**£**
**£**
Tithes
99,059
- 99,059
52,943
Offering
46,527
-
46,527
18,313
Thanksgiving
7,498
- 7,498
1,633
Seed of Faith
879
-
879
659
Welfare
978
- 978
441
First Fruits
3,892
- 3,892
1,339
Mission
284
-
284
107
Other donations
1,382
-
1,382
419
**160,499**
**- 160,499**
**75,852**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**2. Activities in Furtherance of Charity Object**
**£**
**£**
**£**
**£**
Grant Received - Gift Aid
-
-
-
31.990
Rent received
13,272
-
13,272
9,808
**13,272**
**- 13,272**
**41,798**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**3. Grants Paid (Institutional and Non-**
**institutional)**
**£**
**£**
**£**
**£**
RCCG - World Evangelical Mission
23,102
-
23,102
13,228
RCCG - Central Office Fund
600
-
600
600
RCCG Regional/Province/Area Contribution
1,450
-
1,450
500
Festival of Life
280
-
280
240
Evangelical Support
6,831
-
6,831
1,136
OHCC dues
420
-
420
120
**32,683**
**-**
**32,683**
**15,824**|
|---|---|---|---|
|||||
|||||
|||||
|||||
||||**32,683**
**-**
**32,683**
**15,824**|
|**4. Cost of Activities for Charitable Objectives**
Mortgage payment
Loan interest payment
Building Expenses|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
20,637
- 20,637
15,957
41,960
- 41,960
4,141
15,266
-15,266
62,357|
|---|---|
||**77,863**
**- 77,863**
**82,455**|
11
|**5. Support Costs**
Fuel
Books/Postage/Stationeries
Penalties
Road Tax
Hospitality/Welfare
Vehicle Insurance
Building Insurance
Vehicle Repairs
Bank Charges
Electricity, Water & Heating
ICT expenses
Depreciation|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
1,740
-
1,740
1,500
1,461
-
1,461
1,464
-
-
-
49
266
-
266
522
4,195
-
4,195
5,001
910
-
910
569
3,308
-
3,308
3,389
2,286
-
2,286
1,000
174
174
352
10,560
-
10,560
6,430
2,320
-
2,320
534
11,696
-
11,696
12,790|
|---|---|
||**38,916**
**-**
**38,916**
**33,601 **|
|**6. Management and Governance Cost**
Retreat/Training
Financial Assistance
Honourarium|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
2,540
-2,540
3,824
-
-
-
1,700
900
- 900
1,500|
|---|---|
||**3,440**
**- 3,440**
**7,024**|
**7. Non-current Assets: Tangible Assets**
|**Cost**
As at 12 October 2022
Additions
**At 11 October 2023**
**Depreciation**
As at 12 October 2022
Charge for the year
**At 11 October 2023**
**Net Book Value**
**At 11 October 2023**|**Motor**
**Vehicle**
**Fixtures &**
**Fittings**
**Equipment**
**Land &**
**Building**
**Total**
£
£
£
£
£
14,950
13,162
28,277
302,274
358,663
-
3,156
20,120
-
23,276|
|---|---|
||**14,950**
**16,318**
**48,397**
**302,274**
**381,939**|
||8,774
11,880
25,332
34,507
80,493
618
1,110
4,613
5,355
11,696|
||**9,392**
**12,990**
**29,945**
**39,862**
**92,189**|
||**5,558**
**3,329**
**18,452**
**262,412**
**289,751**|
12
|**8. Creditors: Amount Falling Due Within One Year**
**9. Creditors: Amount Falling Due Over One Year**
Mortgage Loan|**2023**
**2022**
**£**
**£**
34,150
6,662
**2023**
**2022**
**£**
**£**
201,405
258,589|
|---|---|
||**201,405**
**258,589**|
## **10. Movements in funds**
|**10. Movements in funds**||
|---|---|
|**Unrestricted Funds**
General Funds
**Restricted Funds**
Restricted
**Total Funds**|**At**
**12/10/2022**
**net**
**movement**
**in funds**
**At**
**11/10/2023**
£
£
£
56,014 20,869 76,882
-
-
-|
||**56,014 20,869 76,882**|
## **11. Trustees’ Remuneration and Benefits**
There were no trustees’ remuneration or other benefits for the year ended 11[th] October 2023.
13