THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
THE REDEEMED CHRISTIAN CHURCH OF GOD
COVENANT RESTORATION ASSEMBLY PERRY BARR
633 HAGLEY ROAD WEST
BIRMINGHAM
B32 1BY
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
FINANCIAL STATEMENT FOR THE YEAR ENDED
31[ST] DECEMBER 2023
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
THE REDEEMED CHRISTIAN CHURCH OF GOD
COVENANT RESTORATION ASSEMBLY PERRY BARR 633 HAGLEY ROAD WEST
BIRMINGHAM
B32 1BY
FINANCIAL STATEMENT FOR THE YEAR ENDED
31[ST] DECEMBER 2023
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY PERRY BARR FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023
| CONTENT | PAGE |
|---|---|
| Corporate Information | 5 |
| Finance Statement for the Year | 6 |
| Board of Trustee’s Report | 7-9 |
| Independent Examiner’s Report | 10 |
| Income and Expenditure Statement | 11-13 |
| Balance Sheet | 14 |
| Notes to the Accounts | 15-16 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
CORPORATE INFORMATION
Charity Registered Number: 1143652 Company Limited by Guarantee Number: 7745074
Board of Trustees
- Pastor Kolawole Akinbi
Chairman
-
Pastor Tokunbo Ibikunle
-
Pastor Mrs. Itunu Obileye
-
AP Clement Tunde Ogedengbe
Member Member Member
- Pastor Ezekiel O Obileye.
Pastor in charge / Secretary
Registered Office
633 Hagley Road West Birmingham B32 1BY
West Midlands United Kingdom
Tel: 01217494442, 07877496683
Email: rccgcovenantperrybarr@yahoo.co.uk
Bankers:
HSBC BANK PLC SMETHWICK, BIRMINGHAM
Accountant:
Heritage Accounting Services
27, Cleveland Street Wolverhampton WV1 3HT
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2023
ACCOUNTING POLICIES
Scope and Basis of the financial statements
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the statement of Recommended Practice “Accounting and Reporting by Charities” published in March 2007.
The charity has taken advantage of the concession which allows it to publish only a statement of financial activities. The charity generated a total income of £164,779 and had a surplus of £30,709 during the year.
Income
Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.
Expenses
Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises.
Majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to a particular heading, they have been allocated to activities on a basis consistent with the use of resources.
Fixed assets
Fixed assets are stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
Equipment 25%
Cash Flow statement
The financial statements do not include a cash flow statement as charity has taken advantage of the exemption from preparing such a statement that are available to smaller entities.
Fund accounting
Unrestricted funds are funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
REPORT OF THE BOARD OF TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY PERRY BARR BIRMINGHAM
The Trustees present their annual report and financial statements of the Charity and Charitable Company for the year ended 31st December 2023.
The Trustees and Directors confirm that the annual report and financial statements of the Charity comply with the Charities Act 1993, as amended by the Charities Act 2006, and the provisions of the statement of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005. The Management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust. The organisation of the charity is controlled by the Trustees.
Constitution Policies
The objective of the charity is the advancement of the Christian faith worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule 2.2.2 and the relief of poverty 2.3. The trustees use the income and the capital of the trust in promoting the objects.
Objectives of the Charity, Principal Activities and Organisation of our Work
The Redeemed Christian Church of God Covenant Restoration Assembly Perry Barr is a community-based Christian charity involved in holding Christian worship services and activities, preaching the gospel of Jesus Christ, and reaching out to the community on Christian faith related matters as well as other programmes that are beneficial to the general public. We are also involved in providing counselling to our members and helping those having financial challenges aimed at relief of poverty due to cost of living and food pressures.
The principal activities of the Church are Christian worship, Christian outreach programme to increase Christian awareness and spread of the gospel of our Lord Jesus Christ and development of the whole man, spiritually, mentally, and physically.
Development, Activities Outreach Ministry and Achievements in the year.
The charity’s main activities are tailored towards developing both the physical and spiritual needs of members and the public in the local community. The public also have opportunity to benefit through our internet and social media platforms. During the year, the charity organised various workshops, outreaches and interactive sessions open to members and the public.
- Positive economic contribution and development in difficult times seminar
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
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Regular weekly services and monthly special programmes held mostly onsite at the and streamed live virtually on Zoom, Facebook, YouTube
-
Christmas Carol Hybrid Service, natural groups events, new year celebrations and community outreach programmes such as litter picking, music and sports activities.
Charity governance matters are as follow :
The church operates from its leased auditorium at 42 and 1st Floor 42b Lozells Road, Birmingham B19 2TH. The church has a working in partnership arrangements with the leases of 44 Lozells Road to utilise their cold room facilities for safe storage of food items requiring preservation before they are distributed to community members as required, in conformity with health and safety regulations.
Renovation works and maintenance of the new auditorium continued to be undertaken to meet our requirements. By the grace of God, funding for some of the capital projects were met by members voluntary donations (made on their own without prompting), balance of the approved claims (Occupiers Loss and Disturbance Compensation regarding the Compulsory Purchase Order of our previous auditorium at Holford Drive and the Gift Aid payment.
The church continues to provide additional palliative and counselling to those who are mostly affected by the high cost of living since the pandemic in the community and people facing domestic violence as well as new settlers in the country facing settling down challenges including accommodation, food, work and schools for their children.
The church has been holding hybrid meetings - mix of virtual and in-person/onsite. The technology to enhance these continued to be updated. To God be the glory of God, the church's ministry and outreach work were very challenging, but they also present opportunities to positively impact lives of vulnerable people and the members in difficult circumstances. Services continued to go on very well with several special programmes and outreaches as planned and specially arranged by the various departments. We continued to witness testimonies of soul winning, births of babies, wedding blessings and progress in the areas of community engagement and cohesion.
Risk and Incident Report
To the glory of God there was no negative incident involving personal injury to any member of the church or the public in general.
Related Party Relationship, Donation and Grant Making Policies:
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
The charity is a member of the Redeemed Christian Church of God UK (RCCG) which has parishes all over the world including the UK. The relationship is governed by an Agreement of Common Purposes between the parishes in the UK and the RCCG UK Central Office. Under the ‘Agreement for Common Purposes’, Redeemed Christian Church of God Covenant Restoration Assembly Perry Barr has agreed to make regular contributions to the World Evangelism Mission of the RCCG UK (WEM), and contributions towards the running of the Mission’s UK Central Office (COF). In addition, the church also supports missionary organisations such as Festival of Life and African Mission that are also of the RCCG UK, other programmes anchored by the Mission’s General Overseer such as the Ordained Ministers Conference among others, support to the tiers of RCCG UK Administration structure at Area, Zonal and Provincial levels for specific planned joint programmes and other evangelical work of the RCCG Mission in the UK as well as support to other RCCG Parishes in the UK. The church also provided support to members and community members in need as well as organisations supporting vulnerable people such as Compassion UK, UCB for their ‘Word for Today’ that we use for evangelical purposes and to enrich our members’ spiritual depth.
Review of Activities :
During the year, the charity received a total of £121,699 from church services and sources stated in the accounts.
The financial statement for the year is shown in the annexed accounts.
Reserves Policy
It is the policy of the Trustees to work towards holding the minimum reserves necessary to enable the charity to meet its commitments for a minimum period of three months.
Trustees’ Responsibilities
Charity law applicable to charities in England/Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charity and of the surplus or deficit of the charity for the period. In preparing those financial statements, the Trustees have:
Selected suitable accounting policies and applied them consistently.
Made judgments and estimates that are reasonable and prudent.
CHAIRMAN BOARD OF TRUSTEE.
This day _____
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF TRUSTEE
OF
THE REDEEMED CHRISTIAN CHURCH OF GOD
COVENANT RESTORATION ASSEMBLY PERRY BARR
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December,2023.
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the 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 to enable a proper understanding of the accounts to be reached.
HERITAGE ACCOUNTING SERVICES.
AUGUST 8, 2024
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
REDEEMED CHRISTIAN CHURCH OF GOD, COVENANT RESTORATION ASSEMBLY PERRY BARR. INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER, 2023
| INCOME Notes £ VOLUNTARY INCOME TITHE 89,093 OFFERINGS 20,940 THANKSGIVING 9,484 TOTAL VOLUNTARY INCOME OTHER RECEIPTS GIFT AID 28,583 OTHER RECEIPTS PROJECT INCOME 8 15,440 INTEREST RECEIVED 1,238 TOTAL INCOME EXPENSES COST OF GENERATING INCOME RENT 21,600 FINANCE CHARGES-CARD PAYMENT 1,171 SALARIES-VOLUNTEERS 13,773 TELEPHONE 610 PENSIONS 1,193 RESOURCES-BOOKS AND TAPES 1,235 PRINTING AND STATIONERY 1,010 TRAVELLING |
|
|---|---|
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
| SUNDRY EXPENSES INTERNET & WEBSIDE BUILDING DECORATION INSURANCE TRANSPORTATION & MOTOR EXPENSES RETREATS, CONFERENCES & TRAINING HONORARIUM - PROGRAME AND EVENTS MAINTENACE-EQUIPTMENT & BUILDING SANITATION UTILIITY CHOIR TOTAL COST OF GENERATING INCOME CHARITABLE EXPENSES CENTRAL OFFICE FUNDING WEM-CENTRAL OFFICE PROVINCIAL & ZONAL EXPENSES CAMPGROUND DONATIONS WELFARE-GENERAL & MEMBERS' CELEBRATIONS WELFARE-THANKSGIVING SUNDAYS EVANGELISM TOTAL CHARITABLE EXPENSES |
3,233 79 2,644 210 2,786 8,756 1,863 4,370 100 570 11,604 500 |
232 1,591 330 1,391 2,551 8,434 4,445 3,400 320 444 8,061 - |
|---|---|---|
| 1,200 3,000 1,950 2,000 11,434 1,352 6,446 |
77,307 73,230 |
|
1,000 2,670 200 6,379 - 2,897 |
||
| 27,381 13,147 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
| OTHER EXPENSES EVENTS AND OUTREACH (Church Anniversary, New year dinner etc) 3,745 PROJECT EXPENSES NOTE 8 15,294 PROFESSIONAL EXPENSES 740 DEPRECIATION 9,603 TOTAL OTHER EXPENSES TOTAL OPERATING EXPENSES SURPLUS/(DEFICIT) |
3,006 4,991 520 5,300 |
|---|---|
| 29,382 13,817 |
|
| 134,069 100,193 |
|
| 30,709 21,506 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
REDEEMED CHRISTIAN CHURCH OF GOD. COVENANT RESTORATION ASSEMBLY PERRY BARR. BALANCE SHEET AS AT 31ST DECEMBER, 2023
2023 2022 £ £ £ ASSETS NOTES FIXED 4 63,743 64,216 CURRENT CASH AND BANK BALANCES 1 128,094 100,827 DEBTORS AND PREPAYMENT 3 7,400 5,400 135,494 106,227 199,237 170,443 LIABILITIES CREDITORS 2 31,394 33,309 31,394 NET ASSETS 167,843 137,134 REPRESENTED BY: ACCUMULATED FUND: BALANCE BROUGHT FORWARD 137,134 117,974 NET INCOME/ EXPENSES 30,709 19,160 BALANCE CARRIED FORWARD 167,843 137,134
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
| NOTES | ||
|---|---|---|
| 1 | CASH AND BANK BALANCES | £ |
| BANK BALANCES | 46,631 | |
| SAVINGS ACCOUNT | 81,464 | |
| 128,094 | ||
| 2 | SUNDRY CREDITORS | £ |
| HOUSE FELLOWSHIP | 693 | |
| COVID Loan | 16,157 | |
| African Mission | 559 | |
| FOL | 600 | |
| WEM | 1,750 | |
| THANKSGIVING (I) | 6,639 | |
| THANKSGIVING (II) | 948 | |
| FIRST FRUIT | 4,048 | |
| 31,394 |
| 3 | DEBTORS AND PREPAYMENT Rent Security Deposit Sundry Debtor |
5,400 2,000 |
|---|---|---|
| 7,400 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD PERRY BARR. ACCOUNTS FOR THE YEAR 2023
4. FIXED ASSETS
| Motor | Equipts | Furniture | Building | ||
|---|---|---|---|---|---|
| vehicles | Fittings | Partition | TOTAL | ||
| COST | £ | £ | £ | £ | £ |
| Balance 1/1/2022 |
6,293 | 37,080 | 10,051 |
62,842 |
116,266 |
| Additions |
3,000 | 6,130 | 9,130 | ||
| Total |
9,293 | 43,210 | 10,051 | 62,842 |
125,396 |
| DEPRECIATION | |||||
| Balance 1/1/2022 |
2,650 | 32,319 | 6,865 |
10,216 |
52,050 |
| Additions |
2,323 | 3,687 | 1,593 |
2,000 |
9,603 |
| Total |
4,973 | 36,006 | 8,458 | 12,216 | 61,653 |
| NET BOOK VALUE | |||||
| AS AT31/12/2022 |
3,643 | 4,761 | 3,186 |
52,626 |
64,216 |
| AS AT31/12/2023 |
4,320 | 7,204 | 1,593 |
50,626 | 63,743 |
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