The Redeemed Chrlstian Church of God-christ Ambassadors Parish Charity Reg. No 1147264 TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGusf, 2022 RGGG.Ghri5tAmbo&TadoPar1Sh.. Reportsfvr th¢)wrended31 Augus¢ 2022.
The Redeemed Christian Church of God-christ Ambassadors Parish CONTEKrs Page Reference and Admlnlstratlve Details of the Charlty Trustees. Report 4-5 Independent Examinerfs Report Statement of Flnanclal Activitles Balance Sheet Notes to the Flnancial Statements 9-11 RCC&ChristAmbossodots Parish.. Reportsfvr theyearend8d31 Augux 2022.
The Redeemed Christian Church of God-ChrÉst Ambassadors Parish ftEFERE AND ADMINisfRATIVE DEfAIiS OF THE CHARITY, ITSTRUSTEES GENERAL OVERSEER Trustees Pastor Olatunde Sampson OLAGUNJU John Adeyeml DINA PastorAdeyeml AIAII Pastor Imrsl Bosola OGUNSOLA Charlty Registr•tlon Number I64 Prlnclpal Offlce 28. Garswood Road. MandJe5ter. M14 71L Independent Examlner Adebayo OiA8ISI, FF& FIPA 7, Mossbrook Drl¥e. Manchester. M38 9TJ Bankers NATWEsf Bank 9111 Prednrt Centre, Oxford Road, mandster M139N RCCG-ChristAmbossadors Parish.. Reportsfvr theyeor ended31 Augus¢ 2022.
The Redeemed Christian Church of God-christ Ambassadors Parish TRUSTEfs REPORT FOR THE YEAR BIDED 31AUGUST 2022 The Trustees submFt their annual report and the Flnanaal ststennts of The Redeemed Chrbtlan thurch of God (RCCGJ ChrfstAmlJossadots Partsh (The for the Year ended 31 U$l 2022. The Trustees confirm that the Annual Report and the Financial Ststements of the Charity comply with the current ststutory requirements of the Charws 8oveming documents and the prthrysions of the Ststement of Recommended prarti (SORPI "Accountl and Reporting by CharitIe¢155 in March 2(X15 STATUS The Charity was con5tltuted under a Trust Deed dated i September, 2011 as amended on IQ May. 2012. Itw#s reqlstered In En8land and Wale5 wlth tharity number 1147264 the of m.2012. AppoipTfMENT OR ELECT1014 OF TRLIST. Trustees are elected and or appolnted under the ternis of the Trust Deed. POLIQES ADOPTED FORIHE IMDIThLVI JIDINAINIIW3 1% IMVTRLSYEES The Inductlon process for a newly appolnted member of the Board of Tntstees comprfses an Inltlal Meet[ wlth the Chalr and otherTrustees, followed by short meetlw wlth the Pastor In Charge on the powers and responslbllltle5 of the Trustees. ORGANISATIONALSTRucfuRE A14D DEa%oN MAN6 The Charity Is organlsed so that the Trustees meet reguth to Mae Its affalrs. The Pastor In Char8fr Pastor Kolowole AWI Oyedele manages the day to day administratlon ofthe Charlty on a voluDtsry basis. RELATED PARTY RELATIONSHIPS: RCCG (CHRNAM&4SX4tXW PARISH) ts a Parfsh ofthe Redeemed Chrlsllan Church of God whlch has parlshes all o¥ei the wortd. The Partsh's reiatlonshlp with other Parlshes Is 8overned by an °A8reement of Comrnon Purp05e". RISK MANAGEMENT The Trustee51)we assessed the major risks to which the Charlty Is exposed, In partleular those related to operatlons and flnance5 of the Charity, and are satlsfied the sfftm5 a in pla to mitigate our exposures to the major rlsks OWECTS AND AcnvmES The prlnclpal object is the advanwIt of the Chrlsuan falth w(#ldwlde, and to promote any dwrftsble actfvity for the benefit of the local people through.. ftunnlng semlnars In the Churth with pmven mlnisters of the falth to 8ukle members In the varlous aspects of Chrlstlan falth; Supportfor other Charltles and Chrlslian events. The actjvlties for athievlng Its obiectlves Indude: Community outreach events conferences and events Weltare support to members and 8enerdl Nthli¢ and Various mlsaonaryactivllles FUNDING AND GRApif MAKING POUCY: The prfrnipal Sour of fvndl to ts Charity is [natiOnS complimented by Gift Aids. The Charlty alx) grrfe outgrants and sUPPOrt in line with its objec RCG&ChrlrtAmbassadoFyPartsh.. Reportsfvr theyear¢nded31 Augus¢ 2022.
The Redeemed Christian Church of God-chrlst Ambassadors Parish TRUSTEES REPORT ICONllNUED) FOR TH£YEAR ENDED 31 AUW, 2022 VOWNTEERS: The Crit$ acbth are carrled out by volunteets who provided SeThI In different capadtles. It Is estirnatrd that over hours were provided tyvolunteers during the year. ff thts is cortservatively valued at £9.50 per hour, the volunteerf effortwill am¢)Urt to £18.810. REVIEW OF ACTivmES: Trustee5 record thelr appreaatlon to all Donots who sUPPOrted the Charsty to the tune of £37,668 durln8 the period under reNlew. A sum of £7294 Wds dalrned as Glft Ald and the Charfty gave out £2,916 In Donation and Grants. The Charity was able to piit in place essentlal facilltle5 to make Its newty acquired bulldln8 fitfor purpose. TheTrustees are satlsfied wlth fv suc¢e550fthe Charity in meeting its objectlves during th1$ perlod; and are optlmlstlcthat it wlll contlnue to do so. INVEsfMEpifs: There were no Invèstments durlng the perkxl. STATEMENTS OF TRUSTEES. RESPONSIBILMES The Trustees are responslble for preparln8 the Annual Rewt and Hnancial Statements In accordance wlth appllcable laws and ulations. Charlty law requlres the Trusteesto prepare Flnandal Statements for each Financlal Year. Under that law the Trustees have elected to prepa the Financial Statements in accordance wtth the United Kingdom Generally Accepted Accounting Practlce {Unlted Klngdom Accounting stsndards and appllcable lawl. The Flnanclal Ststements are requlred to gl¥e a true and falr vlew of the stste of afrdirs ofthe tharfty for that pedod. In pP3n8 these flnanclal statements, the Trustees are requlred to: Select suitsble accountlng pollcles and then appty them c$tentI¥. Make lud8ement and estlmatesthat arn reasonable and prudent. Prepare the flnandal statements on the go1 Conrn basls unless It Is Inappropriats to presume that the company wlll contlnue In oper4tk)n. The Trustees reco8nlsethelr responslbllltlesto keep proper ac(fjuntin8 records thatdlsdose wlth reasonable accura¢y at any tlme the financlal p051tion of the charlty and enable them to enwre that the Flnan¢iJl Statements comply with the Charltles Aet 2011. Thèy are also responslble fw safe8uardlry the assets of the company and hen tskin8 reasonable steps forthe preventlon and detedlon of fraud arml other Irregularities. The appended finandal stateménts have been prepjred on the aCcnlS ba51s and have been examlned by an Independent examiner. whose report Is also appended. Approved by theTrUee5 on .and $18ned on thelr behplf by: Olatunde Sftmpson OLAfjUNlU (frusteel. RCCG.ChrtstAmbossador5 Parish.. Reportsfvr theyear ended 31 Augus¢ 2022.
The Redeemed Christian Church of God-christ Ambassadors Parish INDEPENDEKf EXAMINERS REPORT FOR YEAR ENDED 31 AUIJJST 2022 TOThE TRusfEES OFThE REDEEhiED OIRisnAN QIIMOI OF GOD (RCCG) CIIRlsfAMus PARISH I report the atcounts ofthe CharityfrTtheYe¥ erthd 31 AUGusf 2022 1th1s setLwrtM p4es 7.11 RESPECThE RESPONSIBrtITrS OFTHE TRLWAMD7HÉ EXAMWIER The Charl5 Trusteès are respM4ble the kyeparation of ka)unt& The tharftrfs Tfustees consldw that an JJdlt1s not requlred for thls r under Sethon 14511) ofthe th)rities£t 2011 and thrtJn Independent Examlnlon Is Deeded. t Is my responslblllty to.. Examln•the Accwrts (under Sectlm 145111 (•) of the 2011 Act: Follow the procedure5 lald down In theeral dkecllonsghfw by the Charfty Commlssloners and State wPther partiDJiar mattws to my atten. BASIS OF EXAMINEWS sfATEMENr My examlnatlon was carrfed out Sn accor(lance wlth th• grnal (Irettlons gl¥en by the th•rtty Commlssloners. An examlnatlon Includes a rethew of the Accountlng re¢ts kept by the ¢Jarlty a1 • Compa ottt Accounts presented wlth those records. It also Include5 con51derafjon of any unusual Items or dlx105ure$ In the actn and seekir8 wlanatlons frcm you 4sTrustee5 ¢onc•rnlns ony 5u¢h matter> wocadures undertaken do not al the eNlderKethatwould ber•9rI In an audlL and consequendy I do not ¢xprw an audlt op1n1 the vlewgfven bythe actounl% EXAMINEKSsfATEMENT In connecuon wlth my examInl, no m•tter has corm to my att•Th0( to Ive me rea50nat4¢ ausè to belleve that In anv materlal respectthe rul1Ments. To keep A¢countln8 reccfds In accwd•nce wlth the requlr•ment of Seckn 00fth• tharlde5 Art 2011. and To prep¥r• ACCO whlth aLrord wlth the accountlng rqctyds and to ¥Ath tr ac¢tyJntln8 requlrements of th• Chartties act 2011 hab* not been m¢ or to whlth In my colnlorn attthon sh(wld be In (Yder to enable a wopw underrtandkni of the xcwnts to be reach8(1. SIGNED FFA 7, Mossbrook DTfve. M38 9TJ. ey14120' RCCG-ChrirtAmbassodO ParislL' Reportsfor theyearended 31 Aiigus¢ 2022.
The Redeemed Christian Church of God-christ Ambassadors, Parish Statement of Flnancll Actlvltles for the ended 31st Augus¢ 2022 2021 Voluntary Donattons Glft Ald 37.668 7.294 35.869 6,131 Total 44,962 42,(XM> Charltable Expendlture Grants Payabltrlnsthutlonal Cost of Artlvttles In furtherance of Charftys objects Governance Costs Total Resources Expended 2,916 25.245 16.033 44194 16,336 10,031 26,967 Net IncomIn{oUt80ISj Resources Totsl Fund5 at the Be8lnnlng of the Year B•l•nc• at the end of the Year 768 197,127 197.895 15,033 182,094 197,127 *Governnc• costs comprises of Personnel Administrdtive Costs, Le8al & Professlonal Charges and Ilependent Examlner's fee. RCCG-Christknbassadors' lknish: Reports for the year ended 31st Augus¢ 2022 Page 7
The Redeemed Christian Church of God- Christ Arnba5sadors Parlsh Balance Sheet as at 31stAugusL 2022 Axed Assets: Tangible Assets 144,171 135.835 Bank and Cash Balances Other Assets 50.459 3.665 198295 197 6L652 bllllles: Amont Due wSthln l Year io 360 I9795 197,127 Charfty Fund&. Genernl Unrestrl I975 197,127 Totsl Funth I975 197,127 The Accounts have been prepared In accordance wlth speclal provlslon of Ststement of Recommended Practice: Attountin8 and reportln8 by Chrftles ISORPI155 In March 21x1 modified for smaller Charft Approved by the Trustees on: ... and sned on thelr beh•lf by: Pastor Ohtunde Sampson OL4GUNJU RCcfrCist Ambassador5, Parish: Reports fi>r the year ended 31st Augus¢ 2022 Page 8
The Redeerned Christian Church of God-christ Ambassadors, Parish Notes to the Accounts for the Year ended 31st Augus¢ 2022 Note I A¢¢ountln8 Polkles a The Accounts have been prepared underthe Historical Cost Convention In accordance wtth appllcable Accountin8 Stsndard& They follow Best Prdctices as stated out in the Ststsment of Recommended Practice: Ac£ountirv4 and Reportlng by Charlties ISORPI issued in Marth, 2C#)7 a5 modified for small Charitie bl Income ts accounted for on ktual Recelpt 8o5ts whlie Expendltures are recorded on fv£crual Basis cl Flxed Assets- Comprf5e of Motor Vehicles. Musieal EqulpmenL Office Equipment and Furnfture ttems, ¥nd are ststed at C05t Less Depredatlon dl Depredatlon Is PrOed at rates cakulted to write off the cost of the assets {les5 expected disposal value) over experted useful lfve& The followla rate5 apply: Building Motor Vehides: Computer and Office Equlpmentr. Muslcal Equlpmeftt Funlture & FlttSn8S' -3% -25% -25% -25% -25% No Depreclatlon was th•r8ed on BulWln8 for the year as repairs and renovatlon works re completed late in the flnanclal year. Note 2 Oonatlonl Legacles ond Slmllar IncomlNd Resources 2022 2021 Collectlon at Servlces 37,668 35 Note 3 (al Grft Akl Recel¥ed {bl GSft Ald Receivable Totsl Gfft Akl Clolmed 3,629 3,665 7,294 6,131 6,131 Note 4 Other Assets Re1¥able from Goothive RCCG-ChTiSt Ambassadors, Parlsh: Reports for the year ended 31st AugusL 2022 Page 9
The Redeemed Christian Church of God-christ Ambassadors, Parlsh Notes to the Accounts for the Year ended 31stAugus¢ 2022 2022 2021 Note 5 6r4nts Payable4nstltuUoMI Wodd Evangelical Mission IWEM) Centrdl Office Funding 2,316 2,916 Note 6 Cost of Adlvltles In Furth•rnw ol CIHrfty Obl•rt• Vlsltlng Speakers Expenses 1,670 Training Semlnars and Conferen 1.516 Travel and Subslstence 1,211 Rent. rates and Ucenees Welfare Expenses Prlntln8 and Publkity Motor Vehicle Expenses Insurance Depreclation Hospitality Repalr and Malntenance Utllltles 950 275 901 96 1,393 275 627 1,702 4,841 2.779 252 2.120 1,754 4.113 1071 4,239 1,462 1.470 16A36 Admlnlstrathe Salarles Legal and Profesnal fe Indeperthnt Ex¥mlnees fet 13,113 2,S20 8,570 I,ioi 360 10,031 16033 RCCG Cluist Ambassadors, Parish: Reports for the year ended 31st AugusL 2022 Page 10
The Redeemed Christian Church of God-christ Arnbassadors, Parish Notes to the Accounts for the Year ended 31st Augus¢ 2022 Motor Mwlol Computer fvnlture Tot41 Equlwnt Note 8 Flx¢d Assets At 1st September, 2021 Additlons Dlsposals At 31 2022 121.631 6,762 4.192 15,213 5,215 6,266 153.302 11,977 128393 6,IXXI 4,192 20A28 6.266 165.279 At 1st September.. 2021 Charged for the year 376 4.181 6.921 2,073 17,468 1,567 At 31 2012 376 1.567 21.108 Net Book Value At al 2021 1255 io 6266 135,834 At 31 Aus¢ 2022 128,017 li 11,434 4,699 144,171 Nots 9 Bank B•l•fftc4s Main Account Bulldlng Account Excellent Men 47.(M)2 2.493 167,671 8.215 1,801 SON59 177.687 Not• 10 Credltorn & A(crts Independent Examlnerf5 fee li RCCrfst Amba&gdors' Parish: Reports forthe year ended 31st Au8usL 2022 Page 11.