## **THE REDEEMED CHRISTIAN CHURCH OF GOD HIS FULLNESS**
## **Charity reg. no.1142181**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS**
## **CONTENTS**
|Admin details|1|
|---|---|
|Trustees' report|2 - 4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8 - 11|
|Detailed statement|12 - 13|
## **THE REDEEMED CHRISTIAN CHURCH OF GOD - HIS FULLNESS**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022**
General Overseer
**Pastor E. A. Adeboye**
Parish Pastor Trustees
PASTOR ONIYIDE OLUDAYOMI
ELIZABETH OPEYEMI POPOOLA OLUSOLA BANKOLE OGUNNIYI JOHNATHAN POPOOLA
Charity registration Number Principal Office
1142181
14 WILLS AVENUE WEST BROMWICH B71 2QS
Independent Examiner
Tunji Ogedengbe 36 Daffodil close Harfield AL10 9FF
Page 1
## **THE REDEEMED CHRISTIAN CHURCH OF GOD - HIS FULLNESS**
## **TRUSTEES' REPORT FOR YEAR ENDED 31 DECEMBER 2022**
The trustees present their report and accounts for the year ended 31 December 2022
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deeds, the Charities Act 2011 and the Statement of Recommended Practice, Accounting and Reporting by Charities, issued in March 2005.
## **Structure, governance and management**
The charity was established by a charitable trust deed dated 30th August 2002 and it is a registered charity.
The trustees who served during the year were: ELIZABETH OPEYEMI POPOOLA OLUSOLA BANKOLE OGUNNIYI JONATHAN POPOOLA
Trustees are familliar with the workings of the church having been drawn from long-standing church members that have the skill-set to offer an empathy with the charity's core values.
New trustees are invited and encouraged to attend training courses led by the chair and also read guidelines and publications issued by the Charity Commission eg. 'the Essential Trustee,' copies of which are given to new trustees.
The church is organised so that the trustees meet regularly to manage her affairs. There is a full time office administrator who manages the day to day administration of the church.
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 that systems are in place to mitigate our exposures to the major risks.
## **Related party relationships**
RCCG - His fullness is a member of the Redeemed Church of God (RCCG) which has parishes all over the world. The relationship is governed by an 'Agreement for common purposes' between the parishes and RCCG.
## **Risk management**
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Objectives and activities**
The charity's objectives are -
(a) The advancement of the Christian faith worldwide, and
(b) Relief of poverty.
## **Volunteers**
The trustees are grateful for the members who rendered various services to the Church voluntarily during the year.
Page 2
## **THE REDEEMED CHRISTIAN CHURCH OF GOD - HIS FULLNESS**
## **TRUSTEES' REPORT FOR YEAR ENDED 31 DECEMBER 2022**
## **Achievements and performance**
The trustees are pleased to report that the church continued to be successful spiritually by ministering to many people in the following ways:
(i) The evangelism team continued their open-air evangelism and door-to-door visits which were well received by the community and led to many request for prayers and further visits.
(ii) As a results of our evangelism project, many people joined the church during the year.
(iii) During the year, the youth group continued to grow and they were able to reach out to many people in the area
## **Financial review**
The total incoming resources for the year amounted to £132,840 (2021 £128,529) and the total resources expended amounted to £134,294 (2021 £95,955) leaving a net outgoing for the year of £1,454 (2021 surplus £32,574).
## **Reserves Policy**
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year
## **Future Developments**
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 3
## **THE REDEEMED CHRISTIAN CHURCH OF GOD - HIS FULLNESS**
## **TRUSTEES' REPORT FOR YEAR ENDED 31 DECEMBER 2022**
## STATEMENT OF TRUSTEE'S RESPONSIBILITIES
The trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and United Kingdom Generally Accepted Accounting Practice.
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 for each year which will give a true and fair view of the state of affairs 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:
- , • 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 Charity Act 2011. They are also responsible for safeguarding the assets of the charity 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 30th May 2023 and signed on their behalf by:
## ELIZABETH OPEYEMI POPOOLA
Page 4
## **THE REDEEMED CHRISTIAN CHURCH OF GOD - HIS FULLNESS**
## **INDEPENDENT EXAMINER'S REPORT FOR YEAR ENDED 31 DECEMBER 2022**
## **TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD - His Fullness**
I report on the accounts for the year ended 31 December 2022 set out on pages 5 to 9.
## **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 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
(i) examine the accounts under section 145 of the 2011 Act; (ii) 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
(iii) to state whether particular matters have come to my attention.
## **BASIS OF 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 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.
## **INDEPENDENT EXAMINER'S STATEMENT**
In connection with my examination, no matter has come to my attention:
(a) which gives me reasonable cause to believe that in any material respect the requirements:
(i) to keep accounting records in accordance with section 130 of the 2011 Act; and
(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act;
have not been met.
(b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Tunji Ogedengbe 36 Daffodil Close Hatfield Hertfordshire AL10 9FF
Date:30th May 2023
Page 5
## **THE REDEEMED CHRISTIAN CHURCH OF GOD - HIS FULLNESS STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 DECEMBER 2022**
|**Notes**
**INCOMING RESOURCES FROM GENERATED FUNDS**
Voluntary Income
2
Other income
Gift aid
2.1
**Total incoming resources**
**RESOURCES EXPENDED**
Cost of generating voluntary income
Charitable activities
Governance costs
**Total resources expended**
4
**Net (Outgoing)/Income resources for year**
**Fund balances at 1 January 2021**
**Fund balances at 31 December 2022**|**2022**
**2021**
**Total**
**Total**
**Funds**
**Funds**
**£**
**£**
112,709
108,187
20,131
20,343|
|---|---|
||**132,840**
**128,529**|
||134,294
92,505
-
3,450|
||**134,294**
**95,955**|
||**1,454**
**-**
**32,574**
**36,195**
**3,621**|
||**34,741**
**36,195**|
Page 6
## **THE REDEEMED CHRISTIAN CHURCH OF GOD - HIS FULLNESS Balance Sheet**
## **At 31 December 2022**
|**Notes**
**FIXED ASSETS**
Tangible assets
8
**CURRENT ASSETS**
Debtors: amounts falling due after more than one year
9
Cash at bank and in hand
**CREDITORS**
amounts falling due within one year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS**
Amounts falling due after one year
11
**NET ASSETS**
**INCOME FUNDS**
Unrestricted funds
**TOTAL FUNDS**|**£**
**£**
13,723
841
20,427
**21,268**
250
-
**21,018**
**34,741**
-
**34,741**
34,741
**34,741**
**2022**|**£**
**£**
13,723
841
20,427
**21,268**
250
-
**21,018**
**34,741**
-
**34,741**
34,741
**34,741**
**2022**|**£**
**£**
20,586
841
15,018
**15,859**
250
-
**15,609**
**36,195**
-
**36,195**
36,195
**36,195**
**2021**|**£**
**£**
20,586
841
15,018
**15,859**
250
-
**15,609**
**36,195**
-
**36,195**
36,195
**36,195**
**2021**|
|---|---|---|---|---|
||**21,268**
250
-||**15,859**
250
-||
||||||
|||**34,741**||**36,195**|
|||-||-|
|||**34,741**||**36,195**|
|||34,741||36,195|
|||**34,741**||**36,195**|
Page 7
## **THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS**
Notes to the Financial Statements For the year ended 31 December 2022
## **1 ACCOUNTING POLICIES**
## **1.1 Basis of preparation**
The accounts have been prepared under the historical cost convention.
The charity has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small charity.
The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Charities Act 2011.
## **1.2 Incoming resources**
Income is mainly from voluntary donations received from members and it is recognised when received by the charity.
## **1.3 Tangible fixed assets and depreciation**
**Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to**
write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment 20% straight line Motor vehicles 20% straight line
**2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES** Tithes & Offerings Building funds Donation - Streamline Gift Aid
## **2 Other Income**
Other Income
- **4 GRANTS PAYABLE - INDIVIDUAL** Individual welfare
|**Unrestricted **|**Restricted**|||
|---|---|---|---|
|**Funds**|**Funds**|||
|**2022**|**2022**|**2022**|**2021**|
|£|£|£|£|
|105,595|-|105,595|94,708|
|2,842|-|2,842|6,335|
|2,102|-|2,102|1,461|
|20,131|-|20,131|20,343|
|**130,670**|**-**|**130,670**|**122,847**|
|2,165|-|2,165|5,683|
|2,165|-|2,165|5,683|
|**Unrestricted **|**Restricted **|**Total**||
|**Funds**|**Funds**|**Funds**||
|**2022**|**2022**|**2022**||
|£|£|£||
|**-**|**-**|**-**||
Page 8
## **THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS**
Notes to the Financial Statements - continued For the year ended 31 December 2022
|**3 OTHER INCOME**
Contribution towards rent
Bank Interest receivable
**4 TOTAL RESOURCES EXPENDED**
Charitable activities
Governance costs|**2022**
**2021**
**£**
**£**
-
-
**-**
**-**|
|---|---|
||**-**
**-**|
||**£**
**£**|
||**-**
**-**|
## **5 TRUSTEES**
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
|**6 **|**EMPLOYEES**|||
|---|---|---|---|
||Employee cost|**£**|**£**|
||Wages and Salaries|22,552|26,344|
|**7 **|**TRANSFERS**|||
||Not Applicable|N/A|N/A|
Page 9
## **THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS**
Notes to the Financial Statements - continued For the year ended 31 December 2022
## **8 TANGIBLE FIXED ASSETS**
|**COST**
At 01 January 2022
Additions
Disposals
At 31 December 2022
**DEPRECIATION**
At 01 January 2022
Charge for year
At 31 December 2022
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2022
**9 DEBTORS**
Other debtors
**10 CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR**
Independent examination accrual|**Building**
**Furniture &**
**Fittings &**
**equipments**
£
18,844
4,354|**Electrical**
**Installation**
**Total**
**Expenditure**
£
£
4,250
27,448|
|---|---|---|
||||
||**18,844**
**4,354**
4,711
1,089
4,711
1,089|**4,250**
**27,448**
1,063
6,862
1,063
6,862|
||**9,422**
**2,178**
14,133
3,266|**2,126**
**13,724**
3,188
20,586|
||9,422
2,177|2,125
13,723|
|||**2022**
**2021**
£
£|
|||**2022**
**2021**
£
£
250
250|
Page 10
## **THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS**
Notes to the Financial Statements - continued For the year ended 31 December 2022
## **11 CREDITORS: AMOUNT FALLING DUE AFTER ONE YEAR**
Mortgage outstanding Loan 1 Loan 2
**2022 2021** £ £ **-**
The loan was advanced to the Church towards securing its permanent site. It is currently unsecured and interest free.
## **12 RELATED PARTY TRANSACTIONS**
During the year, the church paid instutional grants to other RCCG organisations such as the World Evangelism Mission.
## **13 STAFF COST AND NUMBERS**
Staff costs were as follows Wages and salaries Social security costs
The average number of employee during the year was as follows Pastoral Charity administrations
**2022 2021** £ £ **Year ended Year ended 2022 2021 No. No.** 2 2 2 2 4 4
Employees received remuneration in the year.
## **14 NET INCOMING RESOURCES/(RESOURCES EXPENDED)**
|**NET INCOMING RESOURCES/(RESOURCES EXPENDED)**
This stated after charging
Depreciation of tangible assets owned by the charity
Independent examiners's fees
**CASH BALANCE**
Opening balance
Loan Received
Income Received
Expenses
Asset
Adjustment|**Year ended**
**Year ended**
**2022**
**2021**
£
£|
|---|---|
||**-**
**-**|
||**2022**
**2021**
15,018
3,030
132,840
128,529
134,294
-
95,955
-
13,723
-
20,586
-|
||**159**
**-**
**15,018**|
## **15 CASH BALANCE**
Page 11
## **HE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS**
Detailed Statement of Financial Activities For the year ended 31 December 2022
## **2022**
## **2021**
|£
**INCOMING RESOURCES**
Tithes & Offerings
105,595
Building Fund
2,842
Thanksgiving
2,102
Other Income
2,165
Gift Aid
20,131
Contribution to NHS-Covid 19
Interest on savings
5.00
**Charitable Activities**
Evangelism
476
Honorarium
-
Children & Teenage department
2,938
Training & Conference
-
Premises Cost & Rent
23,700
Musical Equipment and Electrical
1,552
Licensing and Insurance
308
Minister's Expense
2,990
Pastor salary
22,552
Printing, Postage and stationary
258
Telephone
4,455
Multimedia
144
Travel Expenses
335
General expenses
1,056
Electricity, Gas & Fuel
2,650
Vehicle Expenses
1,522
Other
1,967
Volunteers Expenses
1,471
Admin cost
-
Books
313
Building related expenses
17,322
Hospitality
1,738
Accounting and admin
3,600
Love Christmas Expenses
-
Cleaning
64
Men/ Women's Expense
621
**92,032**
**Expenditure c/f**|£
**INCOMING RESOURCES**
Tithes & Offerings
105,595
Building Fund
2,842
Thanksgiving
2,102
Other Income
2,165
Gift Aid
20,131
Contribution to NHS-Covid 19
Interest on savings
5.00
**Charitable Activities**
Evangelism
476
Honorarium
-
Children & Teenage department
2,938
Training & Conference
-
Premises Cost & Rent
23,700
Musical Equipment and Electrical
1,552
Licensing and Insurance
308
Minister's Expense
2,990
Pastor salary
22,552
Printing, Postage and stationary
258
Telephone
4,455
Multimedia
144
Travel Expenses
335
General expenses
1,056
Electricity, Gas & Fuel
2,650
Vehicle Expenses
1,522
Other
1,967
Volunteers Expenses
1,471
Admin cost
-
Books
313
Building related expenses
17,322
Hospitality
1,738
Accounting and admin
3,600
Love Christmas Expenses
-
Cleaning
64
Men/ Women's Expense
621
**92,032**
**Expenditure c/f**|£
94,708
6,335
1,461
5,683
20,343
-
0.43
**132,840**
189
2,580
891
500
19,200
-
-
-
23,508
-
285
-
57
-
1,452
260
189
959
119
250
5,444
684
3,300
2,099
251
-
92,032
**62,217**
**92,032**||
|---|---|---|---|
||||**128,530**|
||||62,217|
||**92,032**|||
||||**62,217**|
Page 12
## **THE REDEEMED CHRISTIAN CHURCH OF GOD -HIS FULLNESS**
Detailed Statement of Financial Activities For the year ended 31 December 2022
|Brought forward
Donations
WEM
COF
Welfare
Contribution to NHS-Covid 19
Area 3 monthly contribution
Conference Expense
Naomi Initiative
Depreciation
**Total Charitable activitities**
**GOVERNANCE COSTS**
Independent Examination
Professional fees
Legal Fees
**Total resources expended**
**Net income**|**2022**
**2021**
£
£
**92,032**
**62,217**
6,132
3,564
25,436
14,046
550
600
445
1,600
2,121
1,000
247
1,837
-
1,248
6,862
6,862|
|---|---|
||**134,294**
**92,505**|
||3,450|
||**-**
**3,450**|
||**134,294**
**95,955**|
||**1,454**
**-**
**32,574**|
Page 13