The Redeemed Christian Church of God-city ofPeace, Readi THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF PEACE Charity Reg. No 1145566 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER, 2022 RCCGCtyvAPeace.. Reportsfvrthe yeorended31 December. 2022
The Redeemed Christian Church of God-city of Peace, Reading. CONTENTS Page Reference and Administrative Detsils of the Charity Trustees, Report Independent Examlnerfs Report Statement of Financial Actlvities Balance Sheet Notes to the Financial Statements 9-11 RCCG• oAPeoce.. RepcvtsAorthe >tOfended3J December. 2022.
The Redeemed Christian Church of God-city of Pea, Reading. REFERENCE AND ADMINisfRATIVE DEfAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDING 31 DECEMBER. 2022 GENERAL OVERSEER PastorEA Adeljoye Trustees Pastor Oladipo Lawal Pastor Tunde Olagunju Pastor Abayomi Kolade Dr. Dele Alabl Dr IMr5) Ayobaml Bamldele Charlty Registratlon Number 1145566 PrSncSpal Offlce 21, South Street Readin8. RG2 8TX Pastor In Chorye Independent Examlner Adebayo OLABISI. FCA. FFA. FIPA 7, Mossbrook Drive, Manchester. M38 9TJ. Bankers NATWEsf Bank Market Pla Branth. Readin8. RCCG-Crty of Peace." Reportsfor theywrended 31 Decemlw, 2022.
The Redeemed Christian Church ofGod-City of Peace, Readin& TRUSTEES, REPORT FOR THE YEARENDED 31 DECEMBER 2022 The Trustee5 submlt their annual report and the Financial Ststements ofthe Redeemedthrlsth thurch of God (RCCGJ OF PEACE (The Chorityj for the year ended 31 December, 2022. The Trustees confim that the AnnLbal Report and the Flnanclal Statements of the Charity comply with the current statutory requlrements of the Charivs goveming documents and the provision5 of the Statement of Recommended Practice ISORPI "Accounting and Reportln8 by Charitles. issued in March Ic15 The Charfty also trades under the name aTY OF PEACE srATUS The Charity was constltuted under a Trust Deed and was realstwed In Eld and Wales wlth CharV number 1145566. APPOINTMENf OR EIECTION OF TRUSTEES: Trustees are elected and or appointed under the terms of the Trust Deed. POUCIES ADOPTED FOR THE INDLICTION AND TRAINIMG OF NEwTrusfEES The inductlon proces5 for a newty appolnted rnember of the Board of Trustées comprises an Inla1 meetlng with the Chalr and other Trustees, followed by short meetings wlth the Pastor In charge on the powers and responslbllltles of the Trustees. ORGAN15ATIONAL STRUCTURE AND DECISION MAKING The Charity 15 organlsed so that the Trustees meet regularfy to manage its affalrs. The Pastor In Char8tr PastorJ05eph 8amldele manages the day-to-day adminlstration of the Charity on a voluntary bosls. RELATED PARTY RELATIONSHIPS: RCCG (CITYOF PEACE) Is a Parlsh of Redeemed Chrfstian Church of God whlch has parlshes all over the world. The Parlsh's relatk>nshlp with other Parishesls 8ovemed by an 'Agreement of Common Purpose" RISK MANAGEMENT The Trustees havè assessed the major rlsks to which the Charlty ts exposed, In partlcularth05e related to operations and flnances of the Charlty, and are satisfied the systems are In place to mitigate our exposures to the major rlsk5 OBJECfS AND AcfiviTIES The principal objectls the advancement of the Christlan falth worlitrwide. and to promote any charftsble artlvlty for the benefit of the local pe0ke through.. Aunnlng semlnars Sn the Church wlth pro¥•n mlnbters of hbth to qulde members In the varfou5 asperts of Chrlstlan falth: Support for otherCharStles and Chrtsti•n e¥ents. The acllvltles for achithilng its oblectl¥es Include: Communlty Outreach events; Conferences and events; Welfare support to members and 8ener81 public: and Varfous missionary actleS. RCCG-CtyoAPeace.. Reportsfvrthe yeor¢nded31 Lknmber, 2Q2.
The Redeemed Christian Church of God-city of Peace, Reading. TRusfEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2022 FUNDING AND GRANT MAKING POLKY: The prfndpal Sour Offun1n8 to the awrlty is 0(atIonS compllmented by Grft Alds. The Charity also Bive out grants and sUPPOrt in line wlth its objectiv VOWNTEERS:Th• Charltls actbvities are carried out byvolunteers wtho provtded services in dlfferent capaeltles. ft Isesumated that over 3,900 hours were provided by volunteÈrs durlng the year. If this 15 conserlatlvely valued at current liwng wage rate of £9.50 per hour, the volunteerf Effort wlll amount to £37,050. REVIEW OF AcnviTIES: Trustees record thelr appreciation to all iknors who supported the Chartty to the tune ot £94,769 durln8 the period under review. The Charfty also gave out £3J20 In tionatSon and Grants. The Trustees are satlsfied wlth thè success of the Charlty In meet5n81ts oblectlves durlng the same pertod; and are optlmlstk that r(wlll contlnue to do so. It4VESTMEtffS: There were no in¥estmwts durln8the perfod. STATEMENTS OF TRUSTEES. RESPONSIBIUTIES The Trustees are responslble for preparin8 the Annual Report and Finandal Statements In accordance wfth appllcable laws and regulatlons. Charity law requlre5 the trustees to prepare Flnandal Ststements for each FIndal Year. Under that law the twstees have elected to prepare the Flnancial Ststements in accordance with the Unrtsd Kingdom Generally AcPted Accountln8 PractlG¢ Iunlted Klngdom Accountlng Standards and ap[ble lawl. The Fln•ncial Statements are reqLblred to give a true and falr vlèw of the state ofaffalr5 of the Charlty for that perbl. In prèparlnethese flnandal statements. the trustee5 are required to.. se¢1 sult¥ble account[ polide$ and then aPptheM 1Stentr. Make lud8em•nt and •sllmates that are reasonablt and prudent: Prepare the flnandal statements on the 8oln8 concwn basis unless It IJ Inapproprlate to presume th•tthe company wlll contlnue In operatlon. The truste•5 r•¢o8ntW their responsSbllRks to keep proper ac¢ountlng records that disdose wlth reasonable accuracy at any tlme the flnan¢lal posltlon of the Charity and enable them to ensure that the FIncl?1 Ststements comply wlth the Charltles Art 2011. They are also responslble for safe8uardin8 the assets of the Company and taklng reasonabk steps for the Pfeventlon and detertlon of fraud and other Irregularitles. The appended flnanclal sta ments have been w¢pared )n th•accru•Ls b•s15•nd have been •x¥mined byan lndtndentexaffller, whose report Is also èPFended. Approved by the Trustees on and si8ned on thelr behalf by.. Pastor Olltu uwu rusttel. RCCG-aty oJPeuce.. Reportsfvrthe ended3] Dtcemlr. 2022.
The Redeemed Christian Church of God-city of Peace, Reading. INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2022 70 ThE TRusfEES OFTHE REDEEMED CHRISTIAN CHURCH OF GOD IRCCGI aTY OF PEACE I report on the accounts of the charlty forthe Year ended 31 DECEMBER 2022whlch 15 set out on pages 7-11. RESPECTIVE RESPONSIBIUTIES OF niE TRUSTEES AND THE EXAMIMER The Charlty'sTrustees are SpOnSIble for the preparatlon of the accounts. The Charlty'sTrustees consider that an audlt Is not requlred for thls year under Sectlon 14511) of the Charltle5 Act 2011 and that an Independent examination is needed. Itls my responslbillty to: Examlne the accounts lunder Section 145111 lal of the 2011 Art; Follow the procedures lald down In the general dlredlons 8iven by the Charty Commlssloners and State whether partlcular matters have come to my attentlon. BASIS OF EXAMINEWS STATEMENT My examlnatlon wa5 carried out In ac¢ordance wlth the 8eneral dlrectlons glven by the charlty Commlssloners. An examlnation includes a review of the accounting records kept by the Charity and a comparlson of the accounts presented wlth those records. It also Includes conslder?tlon of any unusual Items or disclosures In the accounts, and 5eekSng explanatlons from you as trustees concernln8 any such matters. The procedures undertaken do not provlde all the evidence that would be requlred In an audlt, and consequently I do not express an audlt oplnion on the view glven bv the a¢counts. EXAMINER'S STATEMENT In connection wlth my examination, no matter has come to my attentlon to 8lve me reasonable cause to belleve that In any materlal respert the requlrements: To keep accountlng records in accordance wlth the requlrement of Section 130 of the Charltles Act 2011; and To prepare attountswhlch accord wlth the accountln8 records and to comply wlth the accountSng requlrements of the Charbtles Art 2011 have not been met; or to whlch, In my oplnlon, attention should be drawn In order to enable a proper understandlng of the account5 to be reached. SIGNED Adebayo OLA I FCA, FFA, FIPA. Total Enterprfse Supwrt Ltd. 7, M055brook Drive, Manchester M389TJ. DATE.. 9410/2,¥ RCCG.City of Peace.. Reportsfor the yeurended31 Oertmber, 2022.
The Redeemed Christlan Church of God: City of Peace, Reading Statement of Financil Actlvities for the year ended 31st December, 2022 2022 Notes 2021 Incomin8 Resour¢e$: Voluntary Donations Gift Aid Received 94,769 10,203 58,360 9.767 Total 104,972 68,127 Resources Expended ChaTltable ExpendItu. Grants Payoble-lnstitutlonal Cost of Activltles in fLSrtherance of Charity's Objects Management and Governan Costs Total Resources Expended 1,080 61,058 15,944 78,082 1,080 25,446 9,060 35.586 Net Incomln811Outyoin81 Resources Total Funds at the Beglnning of the Year Balanc• at tho and of th• Year 26.890 86,707 113.597 32,541 54,166 86,707 RCCG.CITY OF PEACE.. Reportsfor the yeor ended 31 December. 2022
The Redeemed Christian Church of God: City of Peace, Reading Balance Sheet as at 31st December, 2022 2021 Flxed Assets: Tan8lble A55ets 2,816 5,331 Currnnt As0. Bank and Cash BalanS 132A53 88.024 Total Ass•ts 93355 U8bllftl•s: Amount Due wlthln l Year 22,072 I1397 86.707 Ch•rlty Funds: General Unrestrlcted 113597 86,707 Totsl Funds 113597 86.707 The Accounts have been prered In accordarKe with speclal provlslons of Statement ot Recommended Practlce: Ac¢ountln8 and Reporting by charleS ISORPI issued In March 21x17 as modffied for smaller Charltles. Approved by the Trustees on: _.- and Signed on thelr behalf by. Pastor Olatunde RCCG-CITYOFPE4CE." Reportsfvr theyeoTended31 December, 2022
The Redeemed Christian Church of God-city of Peace, Readin& NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBEK 2022 Not• l Accounilng Polkles The Accounts have beerb prepared under the Hlstorlcal Cost Conventlon in accordance with applicèble Accounting stsndards. They follow Best Practices as Stated out In the Statement of Recommended Prartice: Accountin8 arKI Reportlng by Charitie51SORP) i55ued In Marth. 21x17 a5 modmed for small Charltle& bl Income Is accounted for on Actual Recelpt Basls whlle Expenditures are recorded on Accrual Basis cl Fixed Assets: Comprise of Motor Vehldes. Musical Equlpment, Offlce Equlpment and Fumlture Items, •nd are stated at Cost Less Depreciatlon d} Depreclation Is provided at rates calculated to wrlte off the cost of the assets {less experted dlsfAisal value) over experted useful Ilves. The following ratss apply: Motor Vehlcles: Computer and Other Equlpmerrt: Furniture & Flttlngs Note 2 Donatlom, i•8¥les and Slmllar Incomlry Rewrc•s 2022 2021 nthes I97 Offerin8 23Jii 11.162 Thanksgiwn& Buildlng & others I71 58J60 Not• 3 Glft Ald aaimed 10203 9,767 Rc-CrtYoIPeaCe". Remforthe yearended31 December. 2022.
The Redeemed Christian Church of God:City of Peace. Reading Notes to the Accounts for the year ended 31st December, 2022 2022 2021 Note 4 Grants payab1n$tittlonal World Evangelical Mission (WEM} Central Office Fundin8 720 360 720 360 1,080 Note 5 Cort of Artlvltlos In Furthernnce of Charlty ObJ•¢ts Accomodotlon & Lod8ln8 Travel and Subsistence Rent, rates and LIcenS Welfare Expenses Donations & Other supports Telephone and Communicatlon Prlntlng and Publiclty Motor Vehlcle Expenses Insurance Depreciation Sundry Expenses Tralnln8 & Development Vlsiting Evangelism and Outreach events 850 1,434 11.536 475 3.682 23.807 16,845 2.IXI2 2.460 1,025 990 3,629 470 577 3,131 61.058 898 870 619 1.361 3,416 135 575 1,837 25,446 Not• 6 Managemènt ind Governance Costs Pastoral Allowance/ Adminlstrative Honordrfum Legal and Professional fees Independent Examinerfs fee 9,832 5.812 6,398 2,412 250 15.944 io RCCG-cirY OFPEACE.. Reportsfvr theyeqr ended 31 December. 2022
The Redeemed Christian Church of God-city ofPeace, Reading. NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER. 2022 Motor Vehlde5 Computer •nd Other Equlpment Furnlturn & Flttln85 Totsl Ne 7 Hxed Assets Cost At 315t Oecember, 2021 Addltlons durin8 the Year Disposals At 31st December. 2022 10,800 3.709 1,114 2,569 17,078 1,114 10,80D 4,823 2,569 18,192 D•precl8tlon At 31st December, 2021 Charge for the Year D15posa15 At Jlst D•cemb•r, 2022 1,157 965 1,950 514 11,747 3,629 2,150 10,790 2.122 15,376 Net Book Value At 31st Downber, 20ZI 2,160 2,552 619 5,331 At 31st tknmber. 2022 io 2,701 105 2,816 IIO•L 2022 D•c. 2021 Nota 8 8ank Balanc•s Bank 8alances Cash 132,853 88,024 I3253 88,024 Note 9 Credltors & Accruals P?5torate Allowances Other creditors (welfare funded) Independent Examiner's fee ii,oii 10,761 3CQ 6,398 250 21072 6,648 li RCCG-city of PeLrce.. Reportsfvr the yearended 31 December, 2022.