REDEEMED CHRISTIAN CHURCH OF GOD: DOMINION CHRISTIAN CONNECTIONS
TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
REDEEMED CHRISTIAN CHURCH OF GOD: DOMINION CHRISTIAN CONNECTIONS
CONTENTS
| Page | |
|---|---|
| Legal and administrative details of the Charity, its trustees and advisors | 3 |
| Trustees' report | 4 to 5 |
| Independent examiner's report | 6 |
| Statement of Financial Activities | 7 |
| Balance sheet | 8-9 |
| Notes to the financial statements | 10 to 13 |
2
REDEEMED CHRISTIAN CHURCH OF GOD: DOMINION CHRISTIAN CONNECTIONS
CHARITY INFORMATION
| Charity number | 1145233 (England & Wales) |
|---|---|
| Governing document | The Redeemed Christian Church of God: Dominion Christian |
| Connections is part of The Redeemed Christian Church of God (UK) - a | |
| national church organisation in the United Kingdom. The national | |
| constitution has been adopted with amendments. | |
| Trustees | Mr. Temidayo Olasunkanmi (Chairman) |
| Mrs Rosaline Hawa Turay | |
| Dr Adegoke Omotayo Olubanwo | |
| Pastor Samuel Sodinmu | |
| Pastor-in-charge | Pastor Samuel Sodinmu |
| Charity contact | Pastor Paul Adewumi |
| Principal address | 36-38 Park Road |
| Peterborough | |
| PE1 2TG. | |
| Independent examiner | Practical Advice Consulting Limited |
| Chartered Accountants | |
| 1000 Great West Road | |
| Brentford | |
| Middlesex | |
| TW8 9DW | |
| Principal Bankers | Barclays |
| Woolwich | |
| Leicestershire | |
| LE87 2BB. | |
| Website | www.dominionconnections.org |
| admin@dominionconnections.org |
3
REDEEMED CHRISTIAN CHURCH OF GOD: DOMINION CHRISTIAN CONNECTIONS
TRUSTEES’ REPORT
FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees present their annual report and unaudited financial statements for the year ended 31 December 2022.
In preparing the accounts, the Trustees have followed the accounting policies set out in note 1 to the financial statements and the requirements of the Statement of Recommended Practice, "Accounting and Reporting by Charities" issued in March 2005.
CHARITABLE OPERATIONS
This is a registered charity established for the public benefit to advance Christian’s faith worldwide and the relief of poverty.
Structure, Governance and management
To widen the breadth of experience on the Board, two new Trustees were appointed during the year to complement existing skills. The board of trustees set the direction and policy framework for the Church. The Trustees meet at least twice a year and are responsible for the overall direction of the charity and for its core strategic policies. There are clear responsibilities and procedures for reporting decisions, actions and issues, including recruitment and induction of new trustees.
Risk Management
The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. The Trustees believe that sufficient controls exist having regard to its size and composition of the board of Trustees.
OBJECTIVES AND ACTIVITIES
The charity’s objectives are, for the public benefit:
-
Worship and Prayer - learning about the Gospel through periodic bible study and increasing awareness of God’s presence by spreading His love;
-
Service - provision of pastoral care for the people living in the community;
-
Missionary activities - developing confidence in evangelism and in capacity to spread the Word of God and faith to all.
Review of activities and performance
The Board
The board of trustees is well resourced. The trustees bring to the RCCG Dominion Christian Connections (Dominion) a broad range of skills and experience that gives the needed direction to the Charity. Trustees held board meetings as usual during the year but virtually.
Key achievements
The Dominion Café was re-started during the year.
Future plans
The trustees has the following plan:
-
To continue to be relevant in the community by initiating beneficial projects that would impact majority;
-
To expand the mandate and coverage of the Dominion Café project to cater for more beneficiaries;
-
To acquire a bigger church property with more facilities and parking spaces.
Public benefit
The Trustees confirm that they have referred to the Charities Commission's guidance on public benefit when reviewing the charity's aims, objectives and activities and are satisfied that they fully meet it.
4
Review of financial position
During the year ended 31 December 2022, there were incoming resources of £116,027 (2021: £85,962) and total resources expended of £116,101 (2021: £107,925), resulting in a deficit of (£74). As at 31 December 2022, RCCG Dominion Connections had total funds of £182,261. The incoming resources increased by 35% compared to last year.
Approved by the Board of Trustees and signed on its behalf
Mr. Temidayo Olasunkanmi Chairman
Date:
5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD: DOMINION CHRISTIAN CONNECTIONS
FOR THE YEAR ENDED 31 DECEMBER 2022
I report on the accounts of the Charity for the year ended 31 December 2022, which are set out on pages 7 to 12.
Respective responsibilities of trustees and 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 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with 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 statement below.
Independent 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 requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
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2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Matthew Odu
For and on behalf of Practical Advice Consulting Limited Chartered Accountants 1000 Great West Road Brentford, Middlesex London TW8 9DW
Date:
6
REDEEMED CHRISTIAN CHURCH OF GOD: DOMINION CHRISTIAN CONNECTIONS
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2022
| Note INCOMING RESOURCES Incoming funds from generated funds Voluntary income 2 Investment income Gift aid repayment Total incoming resources RESOURCES EXPENDED Cost of generating funds Fundraising costs and other costs 3 Charitable activities 4 Support costs Legal costs and other professional fees 5 6 Other resources expended Depreciation 7 Total resources expended Net incoming/(outgoing) resources before other recognised gains and losses Other recognised gains Net movement in funds Funds brought forward Total funds at 31 December 2022 |
Unrestricted Designated Funds Funds 2022 2021 £ £ £ £ 112,727 112,727 85,662 3,300 - 3,300 - 21 27,220 |
|---|---|
| 116,027 116,027 85,962 |
|
| 68,789 - 68,798 41,375 10,280 - 10,280 9,055 23,154 1,380 - 23,154 1,380 44,711 1,847 11,389 1,100 - - 11,389 1,100 9,837 1,100 |
|
| 116,101 - 116,101 107,925 |
|
| (74) - (74) (21,963) - - - - |
|
| (74) - (74) (21,963) 182,335 - 182,335 204,298 |
|
| 182,261 - 182,261 182,335 |
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REDEEMED CHRISTIAN CHURCH OF GOD: DOMINION CHRISTIAN CONNECTIONS
BALANCE SHEET
AS AT 31 DECEMBER 2022
| Notes Fixed assets Tangible fixed assets 11 Current assets Cash at bank and in hand Prepayment Current liabilities Creditors and accruals Current portion of long term loans Net current assets Total assets less current liabilities `Long term loans |
2022 £ 344,475 344,475 13,160 - 13,160 25,480 19,324 44,732 31,572 312,903 (130,642) 182,261 |
2021 £ 346,675 346,675 8,878 - 8,878 11,354 16,159 27,513 18,635 326,940 (144,605) 182,335 |
|---|---|---|
8
Funds of the Charity
| Unrestricted fund Restricted fund |
182,261 - 182,261 |
182,335 - |
|---|---|---|
| 182,335 |
Approved and signed on behalf of the Board of Trustees by:
-------------------------------------------------Mr. Temidayo Olasunkanmi
Chairman
Date:
9
REDEEMED CHRISTIAN CHURCH OF GOD: DOMINION CHRISTIAN CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
1 Principal accounting policies
Basis of accounting
The accounts have been prepared in accordance with Accounting and Reporting by Charities Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014 and the Charities Act 2011 and applicable regulations.
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated.
Fund accounting
Unrestricted funds comprise accumulated surpluses and deficits on general funds. They are available for use at the discretion of the Trustees in furtherance of the general charitable objectives.
Restricted funds are subject to specific restrictions as imposed by the donors.
Incoming resources
Income represents donations and investment income received which are brought into account on receipt unless their receipt is reasonably certain in which case they are brought into account when notified.
Fundraising income is recognised on the date that the fundraising event took place.
Resources expended
Expenditure is recognised when a liability is incurred. Expenditure includes VAT. Fundraising costs include those costs relating to special programmes and sponsored activities.
Charitable activities wholly related to grants and sponsorships to those the charity is committed to support through its activities.
Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
Other resources expended relate to those other costs that cannot be attributed to any other relevant heading.
Depreciation
Depreciation on fixed assets is charged so as to write off their full costs less estimated residual value over their expected useful lives at the following rates:
| Computer equipment | 50% straight line |
|---|---|
| Other equipment | 25% straight line |
| Motor vehicle | 25% straight line |
Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees have considered the impacts that the Covid-19 pandemic may have for the Charity and it is deemed that the Charity can meet its commitments and liabilities and can continue for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
10
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
| 2 Voluntary income Tithes Offering Thanksgiving Seed Other income Building Fund 3 Fundraising costs and other costs Rent Mortgage interest Honorarium Publicity and evangelism Stationery, printing & postage 4 Charitable activities Welfare & entertainment RCCG central office Direct donation Refunds 5 Support costs Transport and travelling Repairs and renewals Equipment Savings Independent examiner fee Training/conference Salaries National Insurance contribution/Pension 6 Legal costs Legal and professional costs |
Unrestricted £ 46,254 42,488 8,920 6,891 5,166 3,000 112,727 Unrestricted £ 22,500 6,802 36,425 973 2,099 68,798 |
Designated £ Designated £ - - - - Designated £ - - - - - Designated £ - - - - - - - - - Designated £ - - |
2022 £ 46,254 42,488 8,920 6,891 5,166 3,000 112,727 2022 £ 22,500 6,802 36,425 973 2,099 68,798 |
2021 £ 31,588 16,776 9,608 8,709 19,281 - |
|---|---|---|---|---|
| 85,962 | ||||
| 2021 £ 4,500 13,500 19,610 1,814 1,951 |
||||
| 41,375 | ||||
| Unrestricted £ 6,680 3,150 - 450 10,280 |
2022 £ 6,680 3,150 - 450 10,280 |
2021 £ 4,727 3,600 728 - |
||
| 9,055 | ||||
| Unrestricted £ 6,366 4,417 4,371 3,000 - - 5,000 - 23,154 |
2022 £ 6,366 4,417 4,371 3,000 - - 5,000 - 23,154 |
2021 £ 538 13,208 - 924 - 26,499 1,291 |
||
| 44,711 | ||||
| Unrestricted £ 1,380 1,380 |
2022 £ 1,380 1,380 |
2021 £ 1,847 |
||
| 1,847 |
11
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
| 7 Other resources expended Gas/electricity Council tax Insurance Telephone & communication Petty Cash Water TV License Bank charges 8 Analysis of net assets Unrestricted funds Designated funds Endowment income At 9 Unrestricted funds 1 January 2022 £ 182,335 182,335 At 10 Designated funds 1 January 2022 £ Government Grants - - |
7 Other resources expended Gas/electricity Council tax Insurance Telephone & communication Petty Cash Water TV License Bank charges 8 Analysis of net assets Unrestricted funds Designated funds Endowment income At 9 Unrestricted funds 1 January 2022 £ 182,335 182,335 At 10 Designated funds 1 January 2022 £ Government Grants - - |
Unrestricted £ 4,329 1,254 2,860 908 955 350 159 733 11,389 |
Designated £ - - - - - - - - - Net current Assets £ 182,261 - - 182,261 Incoming Resources £ 116,027 116,027 Incoming Resources £ - - |
2022 £ 4,329 1,254 2,860 908 955 350 159 733 11,389 |
2021 £ 4,446 267 2,660 2,175 - - - 289 9,837 Total 2021 £ 182,335 - - 182,335 At 31 Dec 2022 £ 182,261 |
|
|---|---|---|---|---|---|---|
| Fixed assets £ - - - - |
Total 2022 £ 182,261 - - 182,261 |
|||||
| Funds Introduced £ - - |
Resources Expended £ (116,101) (116,101) |
|||||
| 182,261 | ||||||
| At 1 January 2022 £ - - |
Funds introduced £ - - |
Resources expended £ - - |
At 31 Dec 2022 £ - |
|||
| - |
12
REDEEMED CHRISTIAN CHURCH OF GOD: DOMINION CHRISTIAN CONNECTIONS
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
11 Tangible fixed assets
| Tangible fixed assets Cost: As at 01 January 2022 Addition At 31 December 2022 Depreciation: As at 01 January 2022 Addition At 31 December 2022 Net book value: As at 01 January 2022 At 31 December 2022 |
Freehold property Computer Equipment & Other Assets Total 2022 2021 £ £ £ £ 343,864 50,725 346,675 394,589 - - - - |
|---|---|
| 343,864 50,725 346,675 394,589 |
|
| - 49,014 49,014 49,014 - 1,100 1,100 - |
|
| - 50114 |
|
| 343,864 1,711 345,575 346,675 |
|
| 343,864 611 344,475 346,675 |
12 Taxation
RCCG Dominion Christian Connections is a registered charity and therefore is not liable to income tax or corporation tax on income or gains derived from its charitable activities, as they fall within the various exemptions available to registered charities.
13 Trustee remuneration and reimbursed expenses
None of the Trustees received remuneration for their services during the year. No payments were made for their travel and administration expenses.
13