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:
-
examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
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.
In connection with my examination, no matter has come to my attention (other than that disclosed below *) which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
RCCG Amazing Grace Huntingdon
Report and Financial Statements Year ended: 31[st] March 2021 Charity No: 1147311
Contents
Page
Legal and administrative information 2 Report of the Trustees 3 Report of the Independent examiner 6
Statement of financial activities Balance sheet
Notes forming part of the financial statements.
Legal and administrative information
Trustees Olusanya George Akinwumi (Mr) Vincent Ibikunle (Pastor) Kehinde Lajuwomi (Mrs) Principal office 7 Cirrus Court Huntingdon PE29 7DL Bankers NATWEST
Accountant / Independent examiner
Tunji Ogedengbe 36 Daffodil Close, Hatfield Herts AL10 9FF
Report of the Trustees for the year ended 31st March 2021
It is with great pleasure we present the annual report and the financial statements for the year ended 31[st] March 2021.
The financial statement has been prepared in accordance with the accounting policies set out on page 9 and comply with the charity trust deed and the recommendations of the Statement of Recommended Practice, Accounting and Reporting by Charities and complies with the applicable law.
Objectives of the Charity, Principal activities and Organisation of our work.
The RCCG Amazing Grace Huntingdon is constituted as a charity in its own right and is therefore governed by the charities Act 1993.
We have laid out RCCG Amazing Grace Huntingdon under five themes:
To teach the sound word of God, leading to result-oriented prayers.
To further the advancement of Christian faith and educating members of the community as necessary.
To alleviate poverty, especially among the vulnerable.
To provide hospitality to visiting ministers of Gospel.
- To work in cooperation with other Christian organizations (local and international) and support events to achieve Christian aims and objectives.
Development, activities and achievements this year.
This year, the Charity continues to meet its objectives of furthering the Christian faith and alleviating the sufferings of people generally.
The charity, via the activities of the church welcome members of the public to its regular Sunday and Wednesday services mostly online due to COVID restrictions, whilst continuing to organise several seminars throughout the year. These events help people to build up their knowledge and trust in God, enabling them to stay out of criminality, social vices, and become more responsible citizen of our community, living a happy and productive life.
The church is keen to propagate the Christian faith in all parts of the world. In the course of the year, we participated actively in the relief of poverty within our local community. The specific challenges of this year require the church to rise up to meet the needs of the community as much as possible.
The charity continues to support and encourage young people by organising a number of youth activities throughout the year; this was done virtually this year; including several special virtual days event for children. A major highlight of the year was the church’s participation in the Love Christmas initiative where the church distributed hundreds of Love Christmas boxes filled with Christmas goodies to the most isolated and vulnerable in our community. We also supported other charities with donations and volunteers where possible.
The charity also regularly organises women seminar in the area of financial empowerment and social responsibilities. We are keen to see improvement in the number of women leaders in our community. The charity is grateful to all donors and volunteers for raising the standard in what was a challenging year.
As a member of RCCG UK, we actively and strongly support the World Evangelical mission which aims at furthering the Christian faith all over the world. This is in addition to supporting local people who come to us in their times of needs.
This year, trustees consider that the performance of the charity has been satisfactory both in terms of advancement of the Christian faith and in generating needed resources.
Future development.
We hope to continue to increase our involvement with community through social inclusion by further strengthening our education/seminar sessions, developing biblical principles, organising leadership training, economic empowerment, impacting entrepreneurship skills etc. The charity continues to develop the current place of worship to meet its objectives and is grateful for the progress so far, all to the glory of God.
Financial results and future activities .
The statement of the financial activities shows income of £151,916 and expenditure of £100,194.
In the light of the growth in the congregation size, the financial support of the church by donors continues to increase. This has enabled the church to continue to support a number of Christian organisations, charities and visiting ministers as well as meeting other charitable objectives.
The present level of funding is adequate to support the continuation of the charity’s objectives.
Risk Management.
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 the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
Volunteers.
Many volunteers give up their time to help at the church, particularly at weekends and in the evenings. We are greatly indebted to these volunteers for their commitment and continued support.
Approved by the trustees and signed on their behalf by:
Board of trustees
Olusanya George Akinwumi
27[th] of June, 2021
Charity No 1147311
RCCG Amazing Grace Huntingdon
Annual Accounts April 2020 to Mar 2021
Prepared by DTT Consultancy Ltd
| RCCG | Amazing Grace Huntingdon | Amazing Grace Huntingdon | Amazing Grace Huntingdon | CharityNo | 1147311 | |
|---|---|---|---|---|---|---|
| Annualaccountsforthe period | ||||||
| Period start date | 1st Apr 2020 | To | Period end date |
31st Mar 2021 | ||
| Section A | Statement of financial activities | |||||
| Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income S01 Activities for generating funds S02 Investment income S03 Incoming resources from charitable activities S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 Total funds carried forward Total funds brought forward Net movement in funds Net incoming/(outgoing) resources before transfers Gains and losses on investment assets Prior Year Adjustment Other recognised gains/(losses) Net incoming/(outgoing) resources before other recognised gains/(losses) Gross transfers between funds Total resources expended Total incoming resources |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
|||||
| - | - | - | - | - | ||
| 106,245 | - | - | 106,245 | 102,977 | ||
| - | - | - | ||||
| 3 | - | - | 3 | - | ||
| - | - | - | - | - | ||
| 45,668 | - | - | 45,668 | 33,763 | ||
| 151,916 | - | - | 151,916 | 136,740 | ||
| - | - | - | - | - | ||
| 91,232 | - | - | 91,232 | 88,979 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 8,962 | - | - | 8,962 | 10,000 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 100,194 | - | - | 100,194 | 98,979 | ||
| 51,722 | - | - | 51,722 | 37,761 | ||
| - | - | - | - | - | ||
| 51,722 | - | - | 51,722 | 37,761 | ||
| 14,760 - |
- | - | 14,760 - |
|||
| - | - | - | - | - | ||
| 36,962 | - | - | 36,962 | 37,761 | ||
| 206,857 | - | - | 206,857 | 169,096 | ||
| 243,819 | - | - | 243,819 | 206,857 |
Page 1
Section B Balance sheet
| Fixed assets Tangible assets (Note 9) Investments (Note 10) Total fixed assets Current assets Stock and work in progress Debtors (Note 11) (Short term) investments Cash at bank and in hand Total current assets Creditors: amounts falling due within one year (Note 12) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 13) Provisions for liabilities and charges Net assets Funds of the Charity Unrestricted funds Restricted income funds (Note 14) Endowment funds(Note 15) Total funds Signed by one or two trustees on behalf of all the trustees |
Note B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05 |
|---|---|---|---|---|---|---|
| 530,208 | - | - | 530,208 | 525,265 | ||
| - | - | - | - | - | ||
| - | - | - | - | - | ||
| 530,208 | - | - | 530,208 | 525,265 | ||
| - | - | - | - | - | ||
| 14,760 | - | - | 14,760 | 14,760 | ||
| - | - | - | - | - | ||
| 25,556 | - | - | 25,556 | 7,668 | ||
| 40,316 | - | - | 40,316 | 22,428 | ||
| 28,300 | - | - | 28,300 | 300 | ||
| 12,016 | - | - | 12,016 | 22,128 | ||
| 542,224 | - | - | 542,224 | 547,392 | ||
| 298,405 | - | - | 298,405 | 340,535 | ||
| - | - | - | - | - | ||
| 243,819 | - | - | 243,819 | 206,857 | ||
| 243,819 | 243,819 | 206,857 | ||||
| - | ||||||
| - | - | |||||
| - | - | |||||
| 243,819 | - | - | 243,819 | 206,857 | ||
| Signature | Print Name | Date of approval |
||||
Page 2
Section C Notes to the accounts
Note 1 Basis of preparation
This section should be completed by all charities .
1.1 Basis of accounting
These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:
- Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
• and with* Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);
- and with the Charities Act 1993.
[** except for the following].
Give details in this box if a different standard has been followed.
-
-Tick as appropriate:
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if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
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if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick
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“Financial Reporting Standards for Smaller Enterprises (FRSSE)”.
** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.
1.2 Change in basis of accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).
- § if no changes have been made to accounting policies then delete these words.
1.3 Changes to previous accounts
No changes have been made to accounts for previous years (§§ except for the following).
§§ if no changes have been made to accounts for previous periods then delete these words.
Page 3
Section C Notes to the accounts (cont)
Note 2 Accounting policies
This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.
INCOMING RESOURCES
Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when: resources the charity becomes entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability. Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income) related expenditure the incoming resources and related expenditure are reported gross in the SoFA. Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to and gifts which they relate. Contractual income and This is only included in the SoFA once the related goods or services have been delivered. performance related grants Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the Gifts in kind amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. Donated services and These are only included in incoming resources (with an equivalent amount in resources facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and material . The value placed on these resources is the estimated value to the charity of the service or facility received. The value of any voluntary help received is not included in the accounts but is described in the Volunteer help trustees’ annual report. Investment income This is included in the accounts when receivable. Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or constitutional matters. Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without These are only recognised in the accounts when a commitment has been made and there are performance conditions no conditions to be met relating to the grant which remain in the control of the charity. Support Costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
| performance conditions Support Costs |
no conditions to be met relating to the grant which remain in the control of the charity. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. |
|---|---|
| ASSETS | |
| Tangible fixed assets for use | These are capitalised if they can be used for more than one year, and cost at least £500. They |
| by charity | are valued at cost or a reasonable value on receipt. |
| Investments | Investments quoted on a recognised stock exchange are valued at market value at the year |
| end. Other investment assets are included at trustees' best estimate of market value. | |
| Stocks and work in progress | These are valued at the lower of cost or market value. |
Page 4
Section C Notes to the accounts (cont)
Note 3 Analysis of incoming resources
Incoming resources may be further analysed if this would help the reader of the accounts.
| Activities for generating funds Investment income Incoming resources from charitable activities Voluntary income |
Analysis | This year Last year £ £ |
This year Last year £ £ |
|---|---|---|---|
| Donation from members | 106,245 | 102,977 | |
| Gift Aid received | 13,288 | 33,763 | |
| Gift aid receivable | 14,760 | ||
| Furloughpayment | 6,620 | - | |
| Covid Grant | 11,000 | ||
| Total | 151,914 | 136,740 | |
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| Total | - | - | |
| Interest | 3 | 5 | |
| - | |||
| - | - | ||
| - | - | ||
| - | - | ||
| Total | 3 | 5 | |
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| - | - | ||
| Total | - | - |
Page 6
Section C Notes to the accounts
Note 4 Analysis of resources expended
Resources expended may be further analysed if this would help the reader of the accounts.
| Governance costs Fundraising trading costs Charitable activities Investment management costs |
Analysis | This year Last year £ £ |
This year Last year £ £ |
|---|---|---|---|
| Professional Fees | 5,450 | 13,447 | |
| Travel& Subsistence | 4,405 | 7,464 | |
| Choir&Music | 145 | - | |
| Evangelism | 2,337 | 1,090 | |
| Telephone &Internet | 584 | - | |
| Office Expenses | 955 | 1,504 | |
| Publicity | 70 | 530 | |
| Honourarium | 4,790 | 6,148 | |
| Other | 1,880 | 800 | |
| Conference | 1,777 | 1,234 | |
| Independent examination | 300 | 300 | |
| Salaryrelated cost(inc HMRC) | 44,160 | 34,671 | |
| Children & Youth | 798 | - | |
| Technical & Equipment | 643 | - | |
| Training | 1,250 | 1,329 | |
| Hospitality | 3,170 | 7,526 | |
| Utilities | 4,564 | 2,229 | |
| Insurance | 1,355 | 1,300 | |
| Mortgage Interest | 4,914 | 2,351 | |
| Depreciation | 6,459 | 4,391 | |
| Charges | 1,228 | 2,666 | |
| Total | 91,232 | 88,979 | |
| Total | - | - | |
| Total | - | - | |
| World Evangelical Mission | 5,599 | 3,756 | |
Gifts &Donation |
520 | 403 | |
| CentralOffice | 600 | 600 | |
| FOL | - | - | |
| Welfare | 2,243 | 5,240 | |
| Total | 8,962 | 10,000 | |
| Charityregistration | |||
| Total | - | - |
Page 5
Section C Notes to the accounts (cont)
Note 5 Support Costs
Please complete this note if the charity has analysed its expenses using activity categories and has support costs.
| support costs. | ||||
|---|---|---|---|---|
| Support cost type | Fundraising activity £ |
Charitable Activity £ |
Governance Activity £ |
Total Cost £ |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| - | - | - | - | |
| Total | - | - | - | - |
Note 6 Details of certain items of expenditure
6.1 Trustee expenses
Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).
Number of trustees who were paid expenses Nature of the expenses Total amount paid
| This year | Last year |
|---|---|
| £ | £ |
6.2 Fees for examination or audit of the accounts
Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).
| This year | Last year | |
|---|---|---|
| £ | £ | |
| Independent examiner’s or auditors' fees for reporting on the | ||
| accounts | 300 | 300 |
| Other fees (for example: advice, consultancy, accountancy | ||
| services) paid to the independent examiner or auditor |
Page 7
Section C Notes to the accounts (cont)
Note 9 Tangible fixed assets
Please complete this note if the charity has any tangible fixed assets
9.1 Cost or valuation
| Freehold land & buildings Property Related Cost Plant, machinery and motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ Balance brought forward 489,000 14,822 - 25,834 - 529,656 Additions - 11,402 - - - 11,402 Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward 489,000 26,224 - 25,834 - 541,058 Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought forward - - - 4,391 - 4,391 Depreciation charge for year - - - 6,459 - 6,459 Impairment provisions - - - - - - Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward - - - 10,850 - 10,850 Brought forward 489,000 14,822 - 21,443 - 525,265 Carried forward 489,000 26,224 - 14,985 - 530,208 9.3 Net book value 9.2 Accumulated depreciation and impairment provisions* |
Freehold land & buildings £ |
Property Related Cost £ |
Plant, machinery and motor vehicles £ |
Fixtures, fittings and equipment £ |
Payments on account and assets under construction £ |
Total £ |
|---|---|---|---|---|---|---|
| 489,000 | 14,822 | - | 25,834 | - | 529,656 | |
| - | 11,402 | - | - | - | 11,402 | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| 489,000 | 26,224 | - | 25,834 | - | 541,058 | |
| - | - | - | 4,391 | - | 4,391 | |
| - | - | - | 6,459 | - | 6,459 | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | - | - | - | - | - | |
| - | - | - | 10,850 | - | 10,850 | |
| 489,000 | 14,822 | - | 21,443 | - | 525,265 | |
| 489,000 | 26,224 | - | 14,985 | - | 530,208 |
9.4 Revaluation
If any fixed assets have been revalued please give details of the valuer and method of valuation
Fountain of Grace August 2007
22/07/2021
Section C Notes to the accounts (cont)
Note 11 Debtors and prepayments
Please complete this note if the charity has any debtors or prepayments.
| Analysis of debtors Trade debtors Amounts due from subsidiary and associated undertakings Gift Aid receivable Prepayments and accrued income Total |
Amounts falling due within oneyear |
Amounts falling due within oneyear |
Amounts falling due after more than oneyear |
Amounts falling due after more than oneyear |
|---|---|---|---|---|
| This year £ |
Last year £ |
This year £ |
Last year £ |
|
| - | - | - | - | |
| - | - | - | - | |
| - | - | |||
| - | - | - | - | |
| - | - | - | - |
Note 12 Creditors and accruals
Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors
| Loans and overdrafts accruals Amounts due to subsidiary and associated undertakings Mortgage less than 1 year Mortgage over 1 year Total |
Amounts falling due within oneyear |
Amounts falling due within oneyear |
Amounts falling due after more than oneyear |
Amounts falling due after more than oneyear |
|---|---|---|---|---|
| This year £ |
Last year £ |
This year £ |
Last year £ |
|
| - | ||||
| 300 | 300 | 300 | 300 | |
| - | - | - | - | |
| 28,000 | - | - | ||
| - | - | 298,405 | 340,535 | |
| 28,300 | 300 | 298,705 | 340,835 |
12.2 Security over assets
If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.
Page 8