||||||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| |---|---|---|---|---|---|---|---| ||||||FOR THE YEAR||ENDED 30JUNE 2023| |Trustees|||||General Overseer||| |Pastor Vincent|Opeoluwa||Dina|—Chair|Pastor
E A Adeboye||| |Professor Benjamin||Aribisala|||||| |Pastor (Mrsj Comfort Olubola||||Dina|||| |Mrs Esther ibukunoluwa|||Adesina||||| |Pastor Akinlolu|Richard||Ladokun||Principal Address||| ||||||1-2 Restoration|House|| ||||||Norham
Road||| ||||||North Shields||| |Charity Registration||No|||Tyne and Wear||| |1142153|||||NE29 7TN||| |Banker|||||Independent
Examiner||| |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||||||||||| |---|---|---|---|---|---|---|---|---|---|---| |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||||||||||| |Trustees are elected and co-opted under the terms ofthe constitution.||||||||||| |ORGANISATIONAL
STRUCTURE AND DECISION MAKING||||||||||| |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.||||||||||| |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'.||||||||||| |PRINCIPAL FUNDING||||||||||| |Funding
has been provided
mainly through
tithes and offerings
by church members
as well as gift aid.||||||||||| |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:||||||||||| |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.||||||||| |Weekly church wide prayer on zoom, Facebook, and YouTube plafform.||||||||||| |Newly reinstated
night vigil prayer onsite and online every last Friday night ofthe month.||||||||||| |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;||||||||||| |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.||||||||||| |MAJOR PROJECTS/EVENTS||||||||||| |There were community
outreach
events like:||||||||||| |'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.||||||||||| |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.||||||||||| |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.||||||||||| |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.||||||||||| |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.||||||||||| |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|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||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|| |all the applicable
Directives given by the Charity Commission|||under section|||145(5)(b)ofthe||Act.|||||||| |INDEPENDENT
EXAMINER'5 STATEMENT|||||||||||||||| |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:|||||||||||||||| |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.|||||||||||||||| |Abiodun
Akintebi
FAIA, FCCA|||||||||||||||| |Ayoks Consulting
Limited|||||||||||||||| |7th Floor|||||||||||||||| |The Balance|||||||||||||||| |2 Pinfold Street|||||||||||||||| |Sheffield|||||||||||||||| |51 2GU|||||||||||||||| ||||BALANCE SHEET AS AT YEAR ENDED 30JUNE 2023|||| |---|---|---|---|---|---|---| ||||||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||||||| |and signed on their|behalf by:|||||| |Name:
Pastor V.O. Dine||||||| |8||||||| |Signature:||||||| |Position: Chairmen||||||| |||||||2023|2023|||2022||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted||||Unrestricted|||| |||||Notes|fund|Restricted|fund|Tata
I|fund|Restricted|fund|Total| |INCOMING
RESOURCES||||||||||||| |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||| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||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|