| REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES & ADVISERS |
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES & ADVISERS |
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES & ADVISERS |
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| FOR THE YEAR | ENDED 30JUNE 2023 | ||||||
| Trustees | General Overseer | ||||||
| Pastor Vincent | Opeoluwa | Dina | —Chair | Pastor E A Adeboye |
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| Professor Benjamin | Aribisala | ||||||
| Pastor (Mrsj Comfort Olubola | Dina | ||||||
| Mrs Esther ibukunoluwa | Adesina | ||||||
| Pastor Akinlolu | Richard | Ladokun | Principal Address | ||||
| 1-2 Restoration | House | ||||||
| Norham Road |
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| North Shields | |||||||
| Charity Registration | No | Tyne and Wear | |||||
| 1142153 | NE29 7TN | ||||||
| Banker | Independent Examiner |
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| Barclays Bank Pic | Ayoks Consulting | Limited | |||||
| 3 Northumberland | Place | 7th Floor | |||||
| The Beacon Centre | The Balance | ||||||
| North Shields | 2 Pinfold Street | ||||||
| Tyne and Wear | Sheffield | ||||||
| NE30 1QX | 51 2GU |
| TRUSTEES' ANNUAL REPORT |
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| FOR THE YEAR ENDED 30JUNE 2023 | ||||||||||
| The trustees submit their report and the financial statements ofThe Redeemed Christian Church ofGod (RCCG) Restoration |
Chapel | for the year ended 30 | ||||||||
| June 2023.The trustees confirmed that the annual report and financial ofthe charity comply with the current statutory |
requirements of |
the | charity | |||||||
| governing documents and the provisions ofthe Statement of Recommended Practice (SORP) 'Accounting and Reporting |
by | Charities' issued |
in March 2005. | |||||||
| STATUS | ||||||||||
| The charity was constituted under a constitution dated 17May 2009 (amended 20 February 2011)and is registered in England |
and | Wales with | charity | |||||||
| number 1142153. | ||||||||||
| APPOINTMENT OR ELECTION OF TRUSTEES |
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| Trustees are elected and co-opted under the terms ofthe constitution. | ||||||||||
| ORGANISATIONAL STRUCTURE AND DECISION MAKING |
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| The charity is organised in such manner that permits the trustees to meet and manage its affairs. The Pastor in Charge manages |
the day to day | |||||||||
| administration ofthe church. |
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| RELATED PARTY RELATIONSHIPS | ||||||||||
| The charity is a parish ofThe Redeemed Christian Church of God (RCCG) which has parishes all over the world. The charity's |
relationship | with | other | |||||||
| RCCG parishes is governed by an 'Agreement for Common Purposes'. |
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| PRINCIPAL FUNDING | ||||||||||
| Funding has been provided mainly through tithes and offerings by church members as well as gift aid. |
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| OBJECTS AND ACTIVITIES | ||||||||||
| The principal object is the advancement ofChristian faith worldwide and the relief of poverty. To promote any charitable |
activity for the | benefits | ofthe | |||||||
| local people. To achieve its objective, the charity adopted the following strategies: |
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| Conducting Sunday worship services onsite and online which allows members to participate in prayer, singing and |
listening to the | Bible | being | preached. | ||||||
| Wednesday evening Bible studies and prayer meeting to provide midweek opportunities to study the word ofGod |
and | ask pertinent questions. |
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| Weekly church wide prayer on zoom, Facebook, and YouTube plafform. | ||||||||||
| Newly reinstated night vigil prayer onsite and online every last Friday night ofthe month. |
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| Themed Sundays throughout the year where the children, the teens and the youth take over the Sunday service and gear |
the | service towards | their age | group. | ||||||
| Running seminars in the church with proven ministers offaith to guide members in the various aspects ofthe Christian |
faith; | |||||||||
| Support for other charities and Christian events held by other churches; |
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| Support members ofthe church and community through difficult circumstances such as death orjob loss, with food and |
other necessities; | |||||||||
| Regular visitations within the local community to provide required social and financial support to those in need. |
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| MAJOR PROJECTS/EVENTS | ||||||||||
| There were community outreach events like: |
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| 'AWE' on 6th ofAugust 2022, was an RCN choir sponsored concert with invited guest minister Victoria Tunde. This concern |
is held | every | year, | |||||||
| and its purpose isto magnify the name ofJesus and give the opportunity for Restoration Chapel to reach out to the community. |
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| Holy Communion held on December 31st2022, is a special event held periodically throughout the year in remembrance |
ofthe | Passover | dinner | |||||||
| and Christ dying for our sins. We break bread and drink in remembrance and acknowledging Jesus' birth, death, and resurrection. |
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| Watch Night Service held on December 31st2022, was a special service held to offer the community an alternative atmosphere |
to celebrate | into | the new year. | |||||||
| There was worship, dancing, singing, preaching and prayer throughout the service to lift spirits and worship the Almighty |
God. | |||||||||
| Family weekend —Couple's Banquet 20th - 21stof May 2023, was a two-day event. The church hosted a black-tie couple's banquet |
which | included | a | |||||||
| night offood, laughter, and fun. There were talks given to edify relationships and games played to get to know your spouse |
further. | The | Sunday | Service | ||||||
| on the 21st focused on the family and how we can raise godly children in godly homes. |
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| Children's Celebration Service hosted on 25th ofJune 2023, where the children of Restoration Chapel ministered to the |
church | and | invited guests. | This day was a | ||||||
| platform used to train our children to be the future ofthe church. The children of RCN took over the choir duties, ushering and |
preaching | for | the day. | |||||||
| There was also thanksgiving, food, and games to celebrate the day. |
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| Day Out with Jesus on July 2nd 2022, was used as an outreach event for the church in the community. It was meant to foster new relationships, |
offers opportunities | |||||||||
| for corporal exercise and free nutritious foods were provided. |
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| W.H.I.S.P. —Worship Him in Spirit was the first annual event of its kind, hosted by the RCN Youths. This event is a night ofworship, |
dance, spoken word, and | activities | ||||||||
| all focused on glorifying God. This last weekend ofOctober has been picked to spiritually combat the festivities of Halloween |
and give youths | an | opportunity | to focus | ||||||
| on reaching other young people through outreach. This year, Limoblaze was invited as one of our main ministers. |
| THE | THE | REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION |
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION |
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION |
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION |
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION |
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION |
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION |
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION |
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION |
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RESTORATION |
CHAPEL | CHAPEL | ||
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| INDEPENDENT | EXAMINER'5 | REPORT | |||||||||||||
| TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF |
GOD (RCCG) RESTORATION | CHAPEL PARISH | |||||||||||||
| I report to the trustees on my examination of the accounts |
of | the charity for the year ended | 30June 2023 which | is set out on pages | 7 - 11. | ||||||||||
| RESPONSIBILITIES AND BASIS OF REPORT | |||||||||||||||
| As the charity trustees ofthe Trust, you are responsible | for | the preparation | ofthe accounts | in accordance | with | the requirements | of | the Charities Act 2011 | |||||||
| ("the Act"). | |||||||||||||||
| I report in respect of my examination ofthe Trust's accounts carried |
out under section 145 | ofthe 2011Act and | in carrying out my | examination I have followed |
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| all the applicable Directives given by the Charity Commission |
under section | 145(5)(b)ofthe | Act. | ||||||||||||
| INDEPENDENT EXAMINER'5 STATEMENT |
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| I have completed my examination. I confirm that no material |
matters | have come to my attention | in connection | with the examination | giving me cause to | ||||||||||
| believe that in any material respect: |
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| 1.accounting records were not kept in respect of |
the | Trust as | required | by section | 130ofthe Act; or | ||||||||||
| 2.the accounts do not accord with those records; | or | ||||||||||||||
| 3.the accounts do not comply with the applicable | requirements | concerning the form | and | content ofaccounts set in the Charities (Accounts and Reports) | |||||||||||
| Regulations 2008other than any requirement that |
the accounts give a 'true and | fair view' which | is not a | matter considered | as part of an independent | ||||||||||
| examination. | |||||||||||||||
| I have no concerns and have come across no other matters | in | connection | with the examination | to which | attention | should be | drawn | in this report in order to | |||||||
| enable a proper understanding ofthe accounts to be reached. |
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| Abiodun Akintebi FAIA, FCCA |
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| Ayoks Consulting Limited |
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| 7th Floor | |||||||||||||||
| The Balance | |||||||||||||||
| 2 Pinfold Street | |||||||||||||||
| Sheffield | |||||||||||||||
| 51 2GU |
| BALANCE SHEET AS AT YEAR ENDED 30JUNE 2023 | ||||||
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| 2023 | 2022 | |||||
| Notes | Total | Total | ||||
| FIXEDASSETS | ||||||
| Tangible Assets | 444,395 | 417,801 | ||||
| CURRENT ASSETS | ||||||
| Debtor and Prepayments | ||||||
| Cash and bank balances | 48,875 | 28,168 | ||||
| 48,875 | 28,168 | |||||
| SHORT TERM LIABILITIES | ||||||
| Creditors (amount |
falling due within | a year) | 15,936 | 20,814 | ||
| NET CURRENT ASSETS | 32,939 | 7,354 | ||||
| LONG TERM LIABILITIES | ||||||
| Creditors (amount |
falling due after | one year) | 124,564 | 129,127 | ||
| NET ASSETS | 352,770 | 296,028 | ||||
| CHARITY FUNDS | ||||||
| Unrestricted Fund |
336,402 | 280,728 | ||||
| Restricted Fund |
16,368 | 15,300 | ||||
| 352,770 | 296,028 | |||||
| Approved by the Trustees |
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| and signed on their | behalf by: | |||||
| Name: Pastor V.O. Dine |
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| 8 | ||||||
| Signature: | ||||||
| Position: Chairmen |
| 2023 | 2023 | 2022 | ||||||||||
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| Unrestricted | Unrestricted | |||||||||||
| Notes | fund | Restricted | fund | Tata I |
fund | Restricted | fund | Total | ||||
| INCOMING RESOURCES |
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| Donations, legacies 8 similar |
incoming | resources | 152,998 | 152,998 | 105,441 | 105,441 | ||||||
| Other Income | 19,294 | 506 | 19,800 | 45,094 | 2,025 | 47,119 | ||||||
| Total Incoming Resources |
172,292 | 506 | 172,798 | 150,535 | 2,025 | 152,560 | ||||||
| RESOURCES EXPENDED | ||||||||||||
| Charitable Expenditure |
5,471 | 5,471 | 4,800 | 4,800 | ||||||||
| Management and Governance |
Cost | 110,585 | 110,585 | 101,351 | 101,351 | |||||||
| Total Resources Expended | 116,056 | 116,056 | 106,151 | 106,151 | ||||||||
| Net Incoming/(Outgoing) | Resources for | the year | 56,236 | 506 | 56,742 | 44,385 | 2,025 | 46,410 | ||||
| BALANCE AT BEGINNING | OF THE YEAR | 275,551 | 20,477 | 296,028 | 231,166 | 18,452 | 249,619 | |||||
| BALANCE AT ENDING OF THE | YEAR | 331,787 | 20,983 | 352,770 | 275,551 | 20,477 | 296,028 |
| 2023 | 2023 | 2022 | ||||||||||
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| Unrestricted | Unrestricted | |||||||||||
| fund | Restricted | fund | Total | fund | Restricted | fund | Total | |||||
| 5.MANAGEMENT | &GOVERNANCE | COST | ||||||||||
| Insurance | 5,360 | 5,360 | 5,107 | 5,107 | ||||||||
| Utilities | 3,901 | 3,901 | 916 | 916 | ||||||||
| Printing & | Publication | 122 | 122 | |||||||||
| Repairs & Maintenance | 8,996 | 8,996 | 9,749 | 9,749 | ||||||||
| Sundry | 4,963 | 4,963 | 7,836 | 7,836 | ||||||||
| Depreciation | 41,215 | 41,215 | 38,961 | 38,961 | ||||||||
| Stationery | & | Postage | 2,006 | 2,006 | 2,872 | 2,872 | ||||||
| Travels | 8,896 | 8,896 | 5,193 | 5,193 | ||||||||
| Administrative | 3,811 | 3,811 | 879 | 879 | ||||||||
| Honorarium | 5,600 | 5,600 | 3,200 | 3,200 | ||||||||
| Telephone | & | Internet | 3,832 | 3,832 | 2,801 | 2,801 | ||||||
| Hospitality | 7,364 | 7,364 | 12,401 | 12,401 | ||||||||
| Training 8 | Development | 574 | 574 | 3,048 | 3,048 | |||||||
| Hotel &Accommodation | 3,869 | 3,869 | 120 | 120 | ||||||||
| Professional | Fees | 522 | 522 | 1,109 | 1,109 | |||||||
| Accountancy | fee | 1,200 | 1,200 | 1,200 | 1,200 | |||||||
| Mortgage Interest | 8,476 | 8,476 | 5,835 | 5,835 | ||||||||
| 110,585 | 110,585 | 101,351 | 101,351 | |||||||||
| Buildin | Motor | Equipmen | Equipmen | Furniture & |
Catering | |||||||
| 6.TANGIBLE FIXED | ASSET | Vehicle | t | t | Fittings | Equipment | Total | |||||
| Cost | ||||||||||||
| At 1July 2022 | 342,190 | 29,290 | 56,253 | 23,988 | 46,462 | 6,136 | 504,320 | |||||
| Additions during |
the year | 28,096 | 10,544 | 8,043 | 19,212 | 1,914 | 67,809 | |||||
| Disposal during the | year | |||||||||||
| At 30June 2023 | 370,286 | 29,290 | 66,797 | 32,031 | 65,674 | 8,050 | 572,129 | |||||
| Depreciation | ||||||||||||
| At 1July 2022 | 21,647 | 11,962 | 26,647 | 9,221 | 15,508 | 1,534 | 86,519 | |||||
| Charged for the year | 6,973 | 4,332 | 10,038 | 5,702 | 12,542 | 1,629 | 41,215 | |||||
| At 30June 2023 | 28,620 | 16,294 | 36,685 | 14,923 | 28,050 | 3,163 | 127,734 | |||||
| Net Book Value | ||||||||||||
| At 30June 2023 | 341,667 | 12,996 | 30,113 | 17,107 | 37,625 | 4,887 | 444,395 | |||||
| At 30June 2022 | 320,543 | 17,328 | 29,606 | 14,767 | 30,954 | 4,603 | 417,801 |