THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
Charity reg. no 1142019
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024
Page 1
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
CONTENTS
| Reference and administrative details of the charity | 3 |
|---|---|
| Trustees’ report | 4 - 7 |
| Independent examiner’s report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 -14 |
Page 2
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2024
Trustees Pastor Ademola Bamgbola Mr Rotimi Henry Ayobamidele Mr Olasupo Olatunbosun Mrs. Tolulope Alonge Charity registration Number 1142019 Principal Office Suite 527 14 London Road Guildford Surrey GU1 2AG Pastor in charge Pastor Stephen Akujuaobi Independent Examiner Akintayo Ojo FCCA Chartered Certified Accountants Resource Management Consultants Ltd 46 Hollywood Way Erith DA8 2QE Bankers Metro Bank 35 – 39 North Street Guildford GU1 4TE
Page 3
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
TRUSTEES’ REPORT FOR PERIOD ENDED 31 MARCH 2024
The trustees submit their annual report and the financial statements of The Redeemed Christian Church of God – Winners Place (the charity) for the year ended 31 March 2024. 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 31[st] October 2010 and is registered in England and Wales as “The Redeemed Christian Church of God Winners Place with charity number 1142019 on 20[th] May 2011.
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 Parish pastor 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 Parish pastor manages the day-to-day administration of the church.
RELATED PARTY RELATIONSHIPS
RCCG Winners Place 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 and are satisfied 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,
-
Support for other charities and Christian events,
-
Providing overseas aid and famine relief, and
-
Involving in economic and community development
Page 4
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
TRUSTEES’ REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2024
The activities for achieving its objectives include:
-
Community outreach events
-
Conferences and events
-
Welfare support to members and general public, and
-
Various missionary activities
PUBLIC BENEFITS
The church’s Sunday and midweek services are open to the general public to build on their Christian faith. In addition to the church activities, the charity was involved in the following public benefit efforts:
Easter outreach - The church worked in partnership with other local organisations and chaplains within the local University to serve hot drinks and snacks to the public during the Easter celebrations. Gift packages containing food items were also prepared and handed out to students within the community which was well received.
Christmas Outreach – During the Christmas celebrations, the church identified less privileged and vulnerable members of the community and donated Christmas relief packages containing selected vouchers for food, groceries and household items. This was sent with special Christmas messages to all recipients to extend the joy of the season to them.
Freshers’ fayre – The church participated in the University of Surrey Annual Fresher’s fayre to welcome the new students to Guildford and its environs. Gifts and information packs were given out as well and the church featured an information stand to provide local information to the new students. This was particularly well received by many international students that were new to Guildford.
University Hope Concert – The chaplaincy service to the university led the organising of a ‘hope concert’ for the university community. The concert in partnership with the school of arts created opportunity for the community to reflect on the journey through the pandemic, inspiring hope through music, reflections and comedy. Attendance to this event was free and the hall was fully booked.
Built to last event – This event featured marriage and relationships workshop and seminar open to the public. Seasoned marriage and relationship experts were invited to facilitate the workshops and meeting. Lunch was provided for all attendees. This event was organised with free admission.
Chaplaincy service – the church supports a volunteer chaplaincy service to the university under the religious life and belief centre. Through this service, students are supported with pastoral care, counselling, and welfare packages where required. This service is particularly useful to many international students who have had to deal with the culture shock of new environment and different educational system.
Page 5
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
TRUSTEES' REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2024
Community lunch and Barbecue: The church also organised a community lunch and barbecue for the local community featuring games, interactions, and a variety of food. This provided a unique opportunity to bring the community together including international students who were part of the event.
Our efforts are geared towards supporting the programmes of our local council, promoting cohesion in our community, and positively impacting the lives of the young people and the elderly.
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.
VOLUNTEERS
The church is grateful for the unstinting efforts of its volunteers who are involved in providing services for the charity. It is estimated that over 5500 hours are provided by volunteers during the year. If this is conservatively valued at £10.50 per hour, the volunteer’s effort will amount to over £57,750.
REVIEW OF ACTIVITIES
The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed.
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) of £12,000 - £20,000 to cover 2 to 4 months of resources expended. 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 present free reserve is above the policy range, but the trustees are continuing to seek additional unrestricted funds.
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. During the year donations were made towards the church building fund. The donations were treated as restricted fund and had been spent towards the project for which it was donated.
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.
Page 6
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
TRUSTEES' REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and regulations.
Charity law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charities SORP;
-
Make judgement and estimates that are reasonable and prudent;
-
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.
Approved by the trustees on January 2025 and signed on their behalf by:
Mr. Ademola Bamgbola
Mr. Rotimi Ayobamidele
Trustee Trustee
Page 7
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
INDEPENDENT EXAMINER’S REPORT FOR PERIOD ENDED 31 MARCH 2024
TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
I report on the accounts of the charity for the year ended 31 March 2024 which is set out on pages 9 to 13.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE 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 142(2) of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of Charities Act 2011;
-
follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
-
• state whether particular matters have come to my attention.
BASIS OF EXAMINER’S STATEMENT
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 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 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 statements below.
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 trustees have not met the requirements to ensure that:
-
proper accounting records are kept (in accordance with section 41 of the Act); and
-
accounts are prepared which agree with the accounting records and comply with the accounting requirements of Act; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Akintayo Ojo FCCA
46 Hollywood Way Erith Kent DA8 2QE
Date: January 2025
Page 8
THE REDEEMED CHRISTIAN CHURCH OF GOD
WINNERS PLACE
STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2024
Notes INCOMING RESOURCES Gifts, donations & incoming resources 2 Investment income 3 Total incoming resources RESOURCES EXPENDED Charitable expenditure Grants payable - individual 4 Grants payable - institutional 5 Costs of activities in furtherance of charities objects 6 Management and governance costs 7 Total resources expended Net (outgoing)/incoming resources for year Gains /Loses on sales of Assets Total funds at the start of the year BALANCE AT END OF YEAR Movements in reserves and all recognised and losses |
Unrestricted Funds 2024 £ 111,179 657 |
Restricted Funds 2024 £ 7,390 - |
Total Total Funds Funds 2024 2023 £ £ 118,569 69,094 657 184 119,226 69,278 2,263 361 16,869 7,286 62,631 44,512 3,902 1,200 85,665 53,359 33,561 15,919 - - 189,590 173,171 223,151 189,090 |
|---|---|---|---|
| 111,836 | 7,390 | ||
| 2,263 16,869 55,510 3,902 |
- - 7,121 - |
||
| 78,544 | 7,121 | ||
| 33,292 - 172,953 |
269 - 16,637 |
||
| 206,245 | 16,906 | ||
| are shown above |
The charity's incoming resources and resources expended all relate to continuing activites.
Page 9
THE REDEEMED CHRISTIAN CHURCH OF GOD
WINNERS PLACE
BALANCE SHEET AS AT YEAR ENDED 31 MARCH 2024
| Notes FIXED ASSETS Tangible Fixed assets 8 CURRENT ASSETS Cash and bank balances 9 LIABILITIES Creditors 10 Amount falling due within 12 months NET ASSETS CHARITY FUNDS General - unrestricted 1d General - restricted 1e TOTAL FUNDS |
2024 2023 £ £ 24,186 12,023 200,165 178,767 200,165 178,767 1,200 1,200 1,200 1,200 223,151 189,590 206,245 172,953 16,906 16,637 223,151 189,590 |
|---|---|
The accounts have been prepared in accordance with the special provision of Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities
Approved by the Trustees on January 2025 and signed on their behalf by:
Mr Ademola Bamgbola Trustee
Page 10
THE REDEEMED CHRISTIAN CHURCH OF GOD
WINNERS PLACE NOTES TO THE ACCOUNTS 31 MARCH 2024
1. ACCOUNTING POLICIES
- (a) The accounts are prepared under the 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 (SORP) issued March 2005 as modified for smaller charities.
-
(b) Income and expenditure is accounted for on an accruals basis.
-
(c) Fixed assets comprise furniture and equipment and musical equipments and have been costing more than £300. 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 residual value, over their expected useful lives on the following bases:
Musical equipments - 25% reducing balance Furnitures and fittings - 25% reducing balance Computer equipments - 25% reducing balance Motor Vehicles - 25% reducing balance
(d) Unrestricted funds are incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
(e) Restricted funds are subject to restrictions on their expenditure imposed by their donors.
2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES Collection and other donations Planned giving Collection at all services Building Collection Gift Aid 3. INVESTMENT INCOME Interest received GRANTS PAYABLE 4. Grants payable - individual Individual welfare |
Unrestricted Funds 2024 £ 67,872 15,274 - 28,033 |
Restricted Funds 2024 £ 7,240 - 150 - 7,390 £ - - Restricted Funds 2024 £ - |
Total Total Funds Funds 2024 2023 £ £ 75,112 54,363 15,274 14,731 150 - 28,033 - 118,569 69,094 £ £ 657 184 657 184 Total Total Funds Funds 2024 2023 £ £ 2,263 361 |
|---|---|---|---|
| 111,179 | |||
| £ 657 |
|||
| 657 | |||
| Unrestricted Funds 2024 £ 2,263 |
Page 11
THE REDEEMED CHRISTIAN CHURCH OF GOD
WINNERS PLACE
NOTES TO THE ACCOUNTS 31 MARCH 2024
| GRANTS PAYABLE Unrestricted Funds 5. Grants payable - institutional 2024 £ Charitable giving - UK 16,619 Charitable giving - Overseas 250 Total 16,869 List of institutional grants payable - UK £ RCCG WEM World Evangelism 9,409 RCCG Central Office Central Office Support 600 Festival of Life Mission support 360 RCCG Churches Mission support 1,100 RCCG Camp Ground Mission support 5,000 Others Mission support 150 Total grant payable - institutional 16,619 6. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS Visiting speakers expenses 2,114 Pastors allowance & expenses 7,843 Travel and subsistence 2,738 Hall hire, rent & rates 3,648 Mission & evangelism 252 Outreach support 8,262 Welfare and hospitality 5,792 Telephone 2,375 Printing, postage, stationery & consumables 3,383 Motor running expenses 3,422 Worship cost & church occasion 8,057 Training 1,365 Insurance 2,284 Depreciation 3,006 Publicity 490 Sundry expenses 394 Bank charges 85 55,510 7. MANAGEMENT AND GOVERNANCE COSTS Unrestricted Funds 2024 £ Professional fees - Other 2,702 Examiner's fees - accountancy 1,200 3,902 |
Restricted Funds 2024 £ - - - £ - - - - - - - 869 - - - - - - - - - 6,252 - - - - - - 7,121 Restricted Funds 2024 £ - - - |
Total Funds 2024 £ 16,619 250 16,869 £ 9,409 600 360 1,100 5,000 150 16,619 2,983 7,843 2,738 3,648 252 8,262 5,792 2,375 3,383 3,422 14,309 1,365 2,284 3,006 490 394 85 62,631 Total Funds 2024 £ 2,702 1,200 3,902 |
Total Funds 2023 £ 7,286 - |
|---|---|---|---|
| 7,286 | |||
| £ 4,826 600 360 500 500 500 |
|||
| 7,286 | |||
| 1,850 6,000 3,306 4,208 252 8,938 2,872 1,019 1,948 1,212 4,662 920 1,707 3,552 1,119 806 141 |
|||
| 44,512 | |||
| Total Funds 2023 £ - 1,200 |
|||
| 1,200 |
Page 12
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE NOTES TO THE ACCOUNTS 31 MARCH 2024
8. TANGIBLE FIXED ASSETS
| Motor Vehicles Cost £ At 1 April 2023 11,750 Additions - Disposal - At 31 March 2024 11,750 Depreciation Accumulated Dep 7,801 Charge for the year 987 Charge for the year - At 31 March 2024 8,788 Net book value At 31 March 2024 2,962 At 31 March 2023 3,949 9. CASH BALANCES Cash and bank 10. CREDITORS Professional fee - accountancy |
Musical Computers Furniture & equipments & projectors fittings £ £ £ 5,423 9,076 4,070 12,808 2,361 - - - - 18,231 11,437 4,070 4,165 4,439 1,891 315 1,159 545 - - - 4,480 5,598 2,436 13,751 5,839 1,634 1,258 4,637 2,179 |
Total 31-Mar 2024 £ 30,319 15,169 - 45,488 18,296 3,006 - 21,302 24,186 12,023 Year ended 31-Mar 2024 £ 200,165 200,165 Year ended 31-Mar 2024 1,200 1,200 |
Total 31-Mar 2023 £ 28,951 1,368 - |
|---|---|---|---|
| 30,319 | |||
| 14,744 3,552 - |
|||
| 18,296 | |||
| 12,023 | |||
| 14,208 | |||
| Year ended 31-Mar 2023 £ 178,767 |
|||
| 178,767 | |||
| Year ended 31-Mar 2023 1,200 |
|||
| 1,200 |
11. RELATED PARTY TRANSACTIONS
During the year, the church paid institutional grants to other RCCG organisations such as the World Evangelism Mission as stated in note 7.
Page 13
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
NOTES TO THE ACCOUNTS 31 MARCH 2024
| 13. STAFF COST AND NUMBERS Year ended Staff costs were as follows 31-Mar 2024 £ Wages - Pastor's allowance 7,843 Year ended The average number of employee during the year was as follows 31-Mar 2024 No. Pastoral 1 No employee received remuneration amounting to more than £50,000 in the year. |
Year ended 31-Mar 2023 £ 6,000 |
|---|---|
| Year ended 31-Mar 2023 No. 1 |
|
| 14. NET INCOMING RESOURCES/(RESOURCES EXPENDED) | ||
|---|---|---|
| Year ended | Year ended | |
| This is stated after charging | 31-Mar | 31-Mar |
| 2024 | 2023 | |
| £ | £ | |
| Depreciation of tangible assets owned by the charity | 2,284 | 1,707 |
| Accountant's fees | 1,200 | 1,200 |
Page 14
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
Charity reg. no 1142019
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024
Page 1
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
CONTENTS
| Reference and administrative details of the charity | 3 |
|---|---|
| Trustees’ report | 4 - 7 |
| Independent examiner’s report | 8 |
| Statement of financial activities | 9 |
| Balance sheet | 10 |
| Notes to the financial statements | 11 -14 |
Page 2
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2024
Trustees Pastor Ademola Bamgbola Mr Rotimi Henry Ayobamidele Mr Olasupo Olatunbosun Mrs. Tolulope Alonge Charity registration Number 1142019 Principal Office Suite 527 14 London Road Guildford Surrey GU1 2AG Pastor in charge Pastor Stephen Akujuaobi Independent Examiner Akintayo Ojo FCCA Chartered Certified Accountants Resource Management Consultants Ltd 46 Hollywood Way Erith DA8 2QE Bankers Metro Bank 35 – 39 North Street Guildford GU1 4TE
Page 3
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
TRUSTEES’ REPORT FOR PERIOD ENDED 31 MARCH 2024
The trustees submit their annual report and the financial statements of The Redeemed Christian Church of God – Winners Place (the charity) for the year ended 31 March 2024. 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 31[st] October 2010 and is registered in England and Wales as “The Redeemed Christian Church of God Winners Place with charity number 1142019 on 20[th] May 2011.
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 Parish pastor 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 Parish pastor manages the day-to-day administration of the church.
RELATED PARTY RELATIONSHIPS
RCCG Winners Place 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 and are satisfied 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,
-
Support for other charities and Christian events,
-
Providing overseas aid and famine relief, and
-
Involving in economic and community development
Page 4
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
TRUSTEES’ REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2024
The activities for achieving its objectives include:
-
Community outreach events
-
Conferences and events
-
Welfare support to members and general public, and
-
Various missionary activities
PUBLIC BENEFITS
The church’s Sunday and midweek services are open to the general public to build on their Christian faith. In addition to the church activities, the charity was involved in the following public benefit efforts:
Easter outreach - The church worked in partnership with other local organisations and chaplains within the local University to serve hot drinks and snacks to the public during the Easter celebrations. Gift packages containing food items were also prepared and handed out to students within the community which was well received.
Christmas Outreach – During the Christmas celebrations, the church identified less privileged and vulnerable members of the community and donated Christmas relief packages containing selected vouchers for food, groceries and household items. This was sent with special Christmas messages to all recipients to extend the joy of the season to them.
Freshers’ fayre – The church participated in the University of Surrey Annual Fresher’s fayre to welcome the new students to Guildford and its environs. Gifts and information packs were given out as well and the church featured an information stand to provide local information to the new students. This was particularly well received by many international students that were new to Guildford.
University Hope Concert – The chaplaincy service to the university led the organising of a ‘hope concert’ for the university community. The concert in partnership with the school of arts created opportunity for the community to reflect on the journey through the pandemic, inspiring hope through music, reflections and comedy. Attendance to this event was free and the hall was fully booked.
Built to last event – This event featured marriage and relationships workshop and seminar open to the public. Seasoned marriage and relationship experts were invited to facilitate the workshops and meeting. Lunch was provided for all attendees. This event was organised with free admission.
Chaplaincy service – the church supports a volunteer chaplaincy service to the university under the religious life and belief centre. Through this service, students are supported with pastoral care, counselling, and welfare packages where required. This service is particularly useful to many international students who have had to deal with the culture shock of new environment and different educational system.
Page 5
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
TRUSTEES' REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2024
Community lunch and Barbecue: The church also organised a community lunch and barbecue for the local community featuring games, interactions, and a variety of food. This provided a unique opportunity to bring the community together including international students who were part of the event.
Our efforts are geared towards supporting the programmes of our local council, promoting cohesion in our community, and positively impacting the lives of the young people and the elderly.
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.
VOLUNTEERS
The church is grateful for the unstinting efforts of its volunteers who are involved in providing services for the charity. It is estimated that over 5500 hours are provided by volunteers during the year. If this is conservatively valued at £10.50 per hour, the volunteer’s effort will amount to over £57,750.
REVIEW OF ACTIVITIES
The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed.
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) of £12,000 - £20,000 to cover 2 to 4 months of resources expended. 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 present free reserve is above the policy range, but the trustees are continuing to seek additional unrestricted funds.
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. During the year donations were made towards the church building fund. The donations were treated as restricted fund and had been spent towards the project for which it was donated.
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.
Page 6
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
TRUSTEES' REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2024
STATEMENT OF TRUSTEES' RESPONSIBILITIES The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and regulations.
Charity law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently;
-
Observe the methods and principles in the Charities SORP;
-
Make judgement and estimates that are reasonable and prudent;
-
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.
Approved by the trustees on January 2025 and signed on their behalf by:
Mr. Ademola Bamgbola
Mr. Rotimi Ayobamidele
Trustee Trustee
Page 7
THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
INDEPENDENT EXAMINER’S REPORT FOR PERIOD ENDED 31 MARCH 2024
TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE
I report on the accounts of the charity for the year ended 31 March 2024 which is set out on pages 9 to 13.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE 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 142(2) of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of Charities Act 2011;
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follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
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• state whether particular matters have come to my attention.
BASIS OF EXAMINER’S STATEMENT
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 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 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 statements below.
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 trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 41 of the Act); and
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of Act; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Akintayo Ojo FCCA
46 Hollywood Way Erith Kent DA8 2QE
Date: January 2025
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