The Redeemed Christian Church of God-Christ Ambassadors Parish
Charity Reg. No 1147264
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR
THE YEAR ENDED 31 AUGUST, 2023
RCCG-Christ Ambassadors Parish: Reports for the year ended 31 August, 2023.
The Redeemed Christian Church of God-Christ Ambassadors Parish
CONTENTS Page Reference and Administrative Details of the Charity 3 Trustees’ Report 4-5 Independent Examiner’s Report 6 Statement of Financial Activities 7 Balance Sheet 8 Notes to the Financial Statements 9-11
RCCG-Christ Ambassadors Parish: Reports for the year ended 31 August, 2023.
The Redeemed Christian Church of God-Christ Ambassadors Parish
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES
AND ADVISERS FOR THE YEAR ENDING 31 AUGUST, 2023
| GENERAL OVERSEER | Pastor E.A Adeboye |
|---|---|
| Trustees | Pastor Olatunde Sampson OLAGUNJU |
| John Adeyemi DINA | |
| Pastor Adeyemi AJAYI | |
| Pastor (Mrs) Bosola OGUNSOLA | |
| Charity Registration Number | 1147264 |
| Principal Office | 28, Garswood Road, |
| Manchester. | |
| M14 7LL. | |
| Pastor In Charge | Pastor Kolawole Abayomi OYEDELE |
| Independent Examiner | Adebayo OLABISI, FCA, FFA, FIPA |
| 7, Mossbrook Drive, | |
| Manchester. | |
| M38 9TJ | |
| Bankers | NATWEST Bank |
| 9/11 Precinct Centre, Oxford Road, Manchester | |
| M13 9NX. | |
| 3 |
RCCG-Christ Ambassadors Parish: Reports for the year ended 31 August, 2023.
The Redeemed Christian Church of God-Christ Ambassadors Parish
TRUSTEE’S REPORT FOR THE YEAR ENDED 31 AUGUST 2023
The Trustees submit their annual report and the Financial Statements of The Redeemed Christian Church of God (RCCG) Christ Ambassadors Parish (The Charity) for the Year ended 31 August, 2023. The Trustees confirm that the Annual Report and the Financial Statements of the Charity comply with the current statutory requirements of the Charity’s governing documents and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005
STATUS
The Charity was constituted under a Trust Deed dated 1[st] September, 2011 as amended on 15[th] May, 2012. It was registered in England and Wales with Charity number 1147264 on the 15[th] of May.2012.
APPOINTMENT OR ELECTION OF TRUSTEES:
Trustees are elected and or appointed under the terms of the Trust Deed.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES
The induction process for a newly appointed member of the Board of Trustees comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Pastor in Charge on the powers and responsibilities of the Trustees.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The Charity is organised so that the Trustees meet regularly to manage its affairs. The Pastor In Charge- Pastor Kolawole Abayomi Oyedele manages the day to day administration of the Charity on a voluntary basis.
RELATED PARTY RELATIONSHIPS: RCCG (CHRIST AMBASSADORS PARISH) is a Parish of the Redeemed Christian
Church of God which has parishes all over the world. The Parish’s relationship with other Parishes is governed by an “Agreement of Common Purpose”.
RISK MANAGEMENT
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to operations and finances of the Charity, and are satisfied the systems are in place to mitigate our exposures to the major risks
OBJECTS AND ACTIVITIES
The principal object is the advancement of the Christian faith worldwide, and to promote any charitable activity for the benefit of the local people through:
-
Running seminars in the Church with proven ministers of the faith to guide members in the various aspects of Christian faith;
-
Support for other Charities and Christian events.
The activities for achieving its objectives include:
-
Community outreach events
-
Conferences and events
-
Welfare support to members and general public, and
-
Various missionary activities
FUNDING AND GRANT MAKING POLICY: The principal source of funding to the Charity is Donations complimented by Gift Aids. The Charity also give out grants and support in line with its objectives.
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RCCG-Christ Ambassadors Parish: Reports for the year ended 31 August, 2023.
The Redeemed Christian Church of God-Christ Ambassadors Parish
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST, 2023
VOLUNTEERS: The Charity’s activities are carried out by volunteers who provided services in different capacities. It is estimated that over 1,990 hours were provided by volunteers during the year. If this is conservatively valued at £10.42 per hour, the volunteers’ effort will amount to £20,736.
REVIEW OF ACTIVITIES: Trustees record their appreciation to all Donors who supported the Charity to the tune of £39,594 during the period under review. A sum of £12,033 was claimed as Gift Aid and the Charity gave out £1,800 in Donation and Grants. The Charity generated £3,970 income from facility rental. The Trustees are satisfied with the success of the Charity in meeting its objectives during this period; and are optimistic that it will continue to do so.
INVESTMENTS: There were no investments during the period.
STATEMENTS OF TRUSTEES’ RESPONSIBILITIES
The Trustees are responsible for preparing the Annual Report and Financial Statements in accordance with applicable laws and regulations.
Charity law requires the Trustees to prepare Financial Statements for each Financial Year. Under that law the Trustees have elected to prepare the Financial Statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The Financial Statements are required to give a true and fair view of the state of affairs of the charity for that period. In preparing these financial statements, the Trustees are required to:
-
Select suitable accounting policies and then apply them consistently:
-
Make judgement and estimates that are reasonable and prudent:
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.
The Trustees recognise their responsibilities to keep 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 Charities Act 2011. They are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.
Approved by the Trustees on 18[th] March, 2024.and signed on their behalf by:
Olatunde Sampson OLAGUNJU (Chair of Trustees) ).
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RCCG-Christ Ambassadors Parish: Reports for the year ended 31 August, 2023.
The Redeemed Christian Church of God-Christ Ambassadors Parish
INDEPENDENT EXAMINER’S REPORT FOR YEAR ENDED 31 AUGUST 2023
TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CHRIST AMBASSADORS’ PARISH
I report on the accounts of the Charity for the Year ended 31 AUGUST 2023 which is set out on pages 7-11
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE 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 145(1) of the Charities Act 2011 and that an Independent Examination is needed.
It is my responsibility to:
-
Examine the Accounts (under Section 145(1) (a) of the 2011 Act;
-
Follow the procedures laid down in the general directions given by the Charity Commissioners and
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State whether particular matters have come to my attention.
BASIS OF EXAMINER’S STATEMENT
My examination was carried out in accordance with the general directions given by the Charity Commissioners. 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 I do not express an audit opinion on the view given by the accounts.
EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention to give me reasonable cause to believe that in any material respect the requirements.
-
To keep Accounting records in accordance with the requirement of Section 130 of the Charities Act 2011; and
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To prepare Accounts which accord with the accounting records and to comply with the accounting requirements of the Charities act 2011 have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
SIGNED
Adebayo OLABISI FCA, FFA, FIPA. 7, Mossbrook Drive, Manchester M38 9TJ. DATE: 19[th] March, 2024
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RCCG-Christ Ambassadors Parish: Reports for the year ended 31 August, 2023.
The Redeemed Christian Church of God-Christ Ambassadors Parish
Statement of Financial Activities for the Year ended 31st August, 2023
| Notes Incoming Resources: Voluntary Donations 2 Gift Aid 3 Other Income 3b Total Resources Expended Charitable Expenditure Grants Payable-Institutional 5 Cost of Activities in furtherance of Charity's objects 6 Governance Costs 7 Total Resources Expended Net Incoming/(Outgoing) Resources Total Funds at the Beginning of the Year Balance at the end of the Year* |
2023 £ 39,594 12,033 3,970 55,597 1,800 33,379 16,005 51,184 4,413 197,895 202,308 |
2022 £ 37,668 7,294 - |
|---|---|---|
| 44,962 | ||
| 2,916 25,245 |
||
| 16,033 | ||
| 44,194 | ||
| 768 197,127 |
||
| 197,895 |
*Governance costs comprises of Personnel Administrative Costs, Legal & Professional Charges and Independent Examiner's fee.
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RCCG-Christ Ambassadors Parish: Reports for the year ended 31 August, 2023.
The Redeemed Christian Church of God-Christ Ambassadors Parish
Balance Sheet as at 31st August, 2023
| Notes Fixed Assets: Tangible Assets 8 Current Assets: Bank and Cash Balances 9 Other Assets 4 Total Assets Liabilities: Amont Due within 1 Year 10 Net Assets Charity Funds: General Unrestricted Total Funds |
2023 £ 138,329 64,379 - 202,708 400 202,308 202,308 202,308 |
2022 £ 144,171 50,459 3,665 |
|---|---|---|
| 198,295 400 |
||
| 197,895 | ||
| 197,895 | ||
| 197,895 |
The Accounts have been prepared in accordance with special provision of Statement of Recommended Practice: Accounting and reporting by Charities (SORP) issued in March 2007 as modified for smaller Charities
Approved by the Trustees on: 18[th] March, 2024. and Signed on their behalf by:
Pastor Olatunde Sampson OLAGUNJU
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RCCG-Christ Ambassadors Parish: Reports for the year ended 31 August, 2023.
The Redeemed Christian Church of God-Christ Ambassadors Parish
Notes to the Accounts for the Year ended 31st August, 2023
Note 1 Accounting Policies
a The Accounts have been prepared under the Historical Cost Convention in accordance with applicable Accounting Standards. They follow Best Practices as stated out in the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued in March, 2007 as modified for small Charities.
| b) | Income is accounted for on Actual Receipt Basis | while |
|---|---|---|
| Expenditures are recorded on Accrual Basis | ||
| c) | Fixed Assets: Comprise of Motor Vehicles, Musical | |
| Equipment, Office Equipment and Furniture items, and | ||
| are stated at Cost Less Depreciation | ||
| d) | Depreciation is provided at rates calculated to write off | |
| the cost of the assets (less expected disposal value) over | ||
| expected useful lives. The following rates apply: | ||
| Building | -3% | |
| Motor Vehicles: | -25% | |
| Computer and Office Equipment: | -25% | |
| Musical Equipment | -25% | |
| Furniture & Fittings | -25% |
| Note 2 Donations, Legacies and Similar Incoming Resources 2023 £ Collection at Services 39,594 Note 3 (a) Gift Aid Received 12,032 (b) Income from Hall usage 3,970 16,002 Note 4 Other Assets Receivable from Goodtogive - |
2022 £ 37,668 |
|---|---|
| 7,294 - |
|
| 7,294 | |
| 3,665 | |
| 3,665 |
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RCCG-Christ Ambassadors Parish: Reports for the year ended 31 August, 2023.
The Redeemed Christian Church of God-Christ Ambassadors Parish
Notes to the Accounts for the Year ended 31st August, 2023
| 2023 £ Note 5 Grants Payable-Institutional World Evangelical Mission (WEM) 1,200 Central Office Funding 600 1,800 Note 6 Cost of Activities in Furtherance of Charity Objects Visiting Speakers Expenses 1,800 Training Seminars and Conferences 2,940 Travel and Subsistence 1,393 Rent, rates and Licences 331 Welfare Expenses 2,790 Printing and Publicity 227 Motor Vehicle Expenses 1,200 Insurance 2,337 Depreciation 8,277 Hospitality 3,328 Repair and Maintenance 4,559 Utilities 4,198 33,379 Note 7 Management and Governance Costs Administrative Salaries 15,109 Legal and Professional fees 496 Independent Examiner's fee 400 16,005 |
2022 £ 2,316 600 |
|---|---|
| 2,916 | |
| 1,670 1,516 1,211 80 2,779 252 2,120 1,754 3,640 4,113 1,871 4,239 |
|
| 25,245 | |
| 13,113 | |
| 2,520 400 |
|
| 16,033 |
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RCCG-Christ Ambassadors Parish: Reports for the year ended 31 August, 2023.
The Redeemed Christian Church of God-Christ Ambassadors Parish
Notes to the Accounts for the Year ended 31st August, 2023
| Note 8 Fixed Assets Building & Storage £ Cost At 1st September, 2022 128,393 Additions Disposals At 31 August, 2023 128,393 Depreciation At 1st September,, 2022 376 Charged for the year 3,852 At 31 August, 2023 4,228 Net Book Value At 31 August, 2022 128,017 At 31 August, 2023 124,165 Note 9 Bank Balances Main Account Building Account Excellent Men Note10 Creditors & Accruals Independent Examiner's fee |
Motor Vehicles £ 6,000 6,000 5,990 0 5,990 10 10 30 Aug, 2023 £ 55,667 7,098 1,614 64,379 400 400 |
Musical Equipment £ 4,192 4,192 4,181 0 4,181 11 11 30 Aug, 2022 £ 47,002 2,493 964 50,459 400 400 |
Computer and Other Equipment £ 20,428 868 21,296 8,994 2,859 |
Funiture & Fittings £ 6,266 6,266 1,567 1,567 3,134 4,699 4,699 |
Total £ 165,279 868 0 |
|---|---|---|---|---|---|
| 166,147 | |||||
| 0 21,108 8,277 0 |
|||||
| 11,853 | 29,385 | ||||
| 11,434 9,444 |
0 0 144,171 |
||||
| 0 138,329 |
|||||
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RCCG-Christ Ambassadors Parish: Reports for the year ended 31 August, 2023.