OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

RCCG Hope Chapel

LEVENSHULME, MANCHESTER

THE REDEEMED CHRISTIAN CHURCH OF GOD, HOPE CHAPEL TRUSTEE’S REPORT AND ANNUAL ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2020

1

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

RCCG Hope Chapel

LEVENSHULME, MANCHESTER

Page
Corporate Information 3
Board of Trustee’s Report 4
Independent Examiner’s Report 14
Statement of Financial Activities 15
Statement of Financial Position 16
Accounting Policies 17
Notes 18

2

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Corporate Information

Registered Charity Number: 1145966
Registered Office: 9 Sandpiper Drive, Adswood
Stockport, SK3 8UL
Principal Office: 1st / 2nd Floor, 958/960 Stockport Road
Levenshulme, Manchester
M19 3NN
Board of Trustees: Pastor Harrison Odi (Chairman)
Mr Adebayo Famotibe (Secretary)
Mr Benedict Okonkwo
Bankers: Natwest

3

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Board of Trustee’s Report

1.0 Introduction

The Trustees present their annual report and financial statements of the charity for the Year ended 31st December 2020. The Trustees have adopted the provisions of the Statement of Recommended Practices (SORP) ‘Accounting and reporting by charities’ issued in March 2005 in preparing the report and financial statement of the charity

1.1 Public Benefit Statement

The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".

1.2 Structure, Governance and Management

The Redeemed Christian Church of God Hope Chapel Manchester (RCCG Hope Chapel) is a parish of the Redeemed Christian Church of God. This is a network comprised of churches all over the world. There is an agreement of common purposes entered into by RCCG Hope Chapel Manchester with the Redeemed Christian Church of God which documents this relationship.

Registered in 2012, it is governed by a Trust Deed and is controlled by a board of trustees whose members are appointed as set out in the constitution of the charity. Membership of the Board of Trustees consists of 3 individuals appointed by the charity who are of high spiritual and moral standing.

1.3 Objectives and Activities

The charities main objects are:

It pursues these objects by the operation of a centre for Christian worship currently located at 958/960 Stockport Road, Manchester and through other community-based events aimed at reaching out the un-churched members of the community.

4

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Board of Trustee’s Report

As a local parish our motto is “restoring hope to humanity through the Holy Spirit”. This reinforces our focus on less privilege, drug addict, jobless, families, young adults and children. We believe that strong families are the building blocks of stronger communities, and strong community clusters are in turn the backbone of cohesive society and nations. We seek to achieve this by encouraging a culture of faith and prayer within our community through our Sunday celebration/prayer services and Wednesday bible study meeting. ”

1.4 Achievements and Performance

Hope Chapel RCCG 9th Year Anniversary

Hope chapel celebrates it’s 9th year anniversary, Theme: Greater Glory with Special guest Speaker: Pastor Musa Bako.

Daily Conversation with Families

Due to the pandemic to hit this year, the church created a platform to connect with families

5

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Board of Trustee’s Report

Mothers Day Celebration 22/03/2020

Hope Chapel Celebrates Mothers day, Appreciating all the women in the House.

Easter Sunday 12/04/2020

The Easter Weekend was another great weekend we the church celebrates the love of Christ virtually due to the pandemic.

Lunch Hour Prayer 13/04/2020

The church lunched Lunch Hour Prayer for Mondays & Thursdays with Great attaendance and togetherness.

6

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Board of Trustee’s Report

Welfare support

The church support families due to the covid pandemic with providing support in food stuffs among other things. getting it delivered to homes.

Special Sunday Service 31/05/2020

We had a special Guest Speaker Pastor Wole Osinupebi that talked on Topic “In times like these” to empower evvery member during the pandemic period

Super Weekend Service 19-21/06/2020

A special weekend service tagged: Prayer & Revival conference with guest speaker Jerry Eze. It was an amazing one to empower the members.

7

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Board of Trustee’s Report

Live Chat with Pastor Poju Oyemade 26 - 27/06/2020

There was a Q&A session for the members discussing about the way forward in the covid era. It was an eye opener for everyone.

Marriage Conference 4-5/07/2020

Hope Chapel Annual Marriage conference was great and done via online ZOOM, different topics where discussed that benefits marraige and lots of fun.

Women of Hope Conference

Due to pandemic, this was done online, The conference themed Virtuous Woman, was an anmazing one with great feedbacks from the women.

Childrens Day celebration

The children had an amazing time preparing for this event. It was a way of getting them involved in the activities of the church.

8

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Board of Trustee’s Report

Healthy Living 2020

The women organised a health living session for the church. We giving God the glory for the success of the event.

Men of Hope Empowerment

The Men of the church organized an empowerment session themed Nobody Greater. This was to encourage men in these trying times.

Teens Sunday 2020

The Teens Sunday was the first of its kind. The Teens took over the church and it was great seeing things from their perspectives.

9

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Board of Trustee’s Report

Praise Night 2020

The choir outdeed themselves this year with their Praise Night, It was a night of reflection and appreciation to God for sustenance for the year 2020.

End of the year 2020

An amazing Sunday where all workers and volunteers are appreciated, included also was Christmas carol night, an amazing night where everyone was encouraged to participate including the children.

Cross Over Service 2020

Cross Over service 2020 was glorious, An amazing way to end the year.

10

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Board of Trustee’s Report

1.5 Charity Support

Hope Chapel RCCG support different charities worldwide

Including difference churches in Nigeria in need of Support/Welfare.

11

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Board of Trustee’s Report

1.6 Risk Management

The trustees are quite satisfied with the management of the finances to fulfil the charity’s objectives despite the unpredictable nature of our income.

The trustees actively review the major risks which the charity faces on a regular basis. The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems

have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks including DBS checks on all volunteers working with children.

1.7 Financial Review

During the year to 31st December 2020, the church had a total income of £149,726. At the year end, the level of cash reserves available for the charity’s use (excluding fixed assets) was £114,185 (of which £38,638 is restricted). Total operating charitable expenditure was £122,969 giving an operating surplus of £26,757.

The Charity’s principal funding sources are the individuals who attend the church services and partner with the ministry via monthly donations.

1.8 Reserve Policy

The Trustees are aware of the need to establish a reserves policy to maintain a balance on unrestricted funds and are working to achieve a desired level of funds of about 30-35% of the gross income.

1.9 Volunteers

The number of volunteers in 2020 was relatively stable. Some had to relocate to their home country after the expiry of their visas. Active volunteers are about 60 and passive about 10.

12

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Board of Trustee’s Report

2.0 Trustees’ Responsibilities

The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the net income or expenditure of the charity for the year. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping 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 Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Board of Trustees on 30/06/2021 and signed on their behalf by:

Full Name: Pastor Harrison Odi

Signature:

Position: Chairman

Date: 30 June 2021

13

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Independent Examiner’s Report

Report to the trustees/members of: The Redeemed Christian Church of God Hope Chapel On accounts for the year ended: 31st December 2020 Charity No: 1145966

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 Charities Act) and that an independent examination is needed.

It is my responsibility to:

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 the 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:

Signed: Date: 30 June 2021

Name: Tobi Labeodan FCCA, for and on behalf of Chedders Ltd

Relevant professional qualification(s) or body (if any): ACCA

Address: Ground Floor, Synium House, r/o 94-96 High Street, Henley in Arden B95 5FY

14

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Statement of Financial Activities: Year Ended 31st December 2020

Notes
Income:
Donations and legacies
1
Other income (Grants)
1
Total Income
Total Income
Expenditures on:
Charitable Activities
2
Other Charitable Activities
2
Other Costs
2
Total Expenditures
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Gains/(losses) on investment assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward at 1 January
Total funds carried forward at 31 December		 2020
2020
2020
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
108,963
2,086
111,049
38,677
-
38,677
147,640
2,086
149,726
147,640
2,086
149,726
113,570
-
113,570
8,949
-
8,949
450
-
450
122,969
-
122,969
24,671
2,086
26,757
-
-
24,671
2,086
26,757
68,692
36,552
105,244
93,363
38,638
132,001		 2019
2019
2019
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
133,501
4,055
137,556
6,697
-
6,697
140,199
4,055
144,254
140,199
4,055
144,254
120,215
-
120,215
11,985
-
11,985
450
-
450
132,649
-
132,649
7,549
4,055
11,604
-
-
7,549
4,055
11,604
61,143
32,497
93,640
68,692
36,552
105,244

15

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Statement of Financial Position: Year Ended 31st December 2020

Notes
Fixed Asset
Tangible assets
3
Total Fixed Asset
Current Assets
Loans & Advances
Accrued Income
Cash at bank and in hand
Other Debtors
Total Current Assets
Creditors: amounts falling due within one year
Other Creditors
Other Current Liabilities
Total Creditors: amounts falling due within one year
Net current assets (liabilities)
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Other Non-Current Liabilities
Total Creditors: amounts falling due after more than one
year
Total net assets (liabilities)
The funds of the charity:
Retained Reserve
Restricted reserves
Surplus/(Deficit) for the year
Total charity funds		 2020
£
9,716
9,716
-
-
114,185
8,550
122,735
450
-
450
122,285
132,001
-
-
132,001
66,606
38,638
26,757
132,001		 2019
£
11,543
11,543
-
-
88,351
5,800
94,151
450
-
450
93,701
105,244
-
-
105,244
57,088
36,552
11,604
105,244

16

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

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 2005.

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. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fixed assets

Fixed assets with an individual purchase of £300 or more are capitalised and 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:

Fixtures and fittings 20%
Equipment 20%
Vehicles 20%
Building 2%

17

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Notes

1. Income

2.

Income
Donations and legacies
Restricted Income
Total donations & legacies
Other income
Gift Aid Receipts
Other income
Total other income
Total Income
Expenditures

Charitable Activities
Premises
Utilities
Travel
Motoring & transportation
Insurance
Administration
Advertising
Finance charges
Operations
Honorarium
Depreciation
Training
Professional fees and services
Total Charitable Activities
Other Charitable Activities
Outreach
Central Office
Welfare & Benevolence
Charitable Donations
Total Other Charitable Activities
Other Costs
Accountancy fees
Total Other Costs		 2020
108,963
2,086
111,049
6,985
31,692
38,677		 2019
133,501
4,055
137,556
6,566
131
6,697
149,726
2020
£
7,842
1,615
315
2,764
1,234
79,305
110
484
7,340
2,773
6,499
-
3,290
113,570
460
2,675
2,215
3,599
8,949
450
450
144,254
2019
£
8,483
1,997
5,716
4,994
747
62,851
65
587
13,064
4,100
6,891
600
10,120
120,215
2,991
5,448
2,206
1,340
11,985
450
450

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

18

Notes

3. Assets

Cost
At 1 January 2020
Additions
Disposals
Revaluations
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
Adjustments
At 31 December 2020
Net Book Value
At 1 January 2020
At 31 December 2020		 Vehicles
£
24,745
24,745
20,808
3,937
-
24,745		 Equipment
Fixtures &
Fittings
£
£
14,359
2,250
4,672
-
-
14,359
2,250
6,734
2,271
2,583
(21)
-
9,317
2,250
7,625
(21)
5,042
0		 Total
£
41,354
4,672
-
-
46,026
29,813
6,499
-
36,311
3,937 11,541
(0) 9,715

4. Related Party Transactions

During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 3 under Central Office and Charitable Giving.

5. Trustee Remuneration & Expenses

During the year, there were not payments or reimbursement of expenses to trustee members.

19

RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT