## **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, - 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 - 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: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act - 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. ## **RCCG Amazing Grace Huntingdon** Report and Financial Statements **Year ended: 31[st] March 2022** _**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 2022** It is with great pleasure we present the annual report and the financial statements for the year ended 31[st] March 2022. 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 facility for regular Sunday and Wednesday services. We have gradually reintroduced a number of face-to-face events as Covid restrictions are removed. 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 by supporting other charities, providing education, supporting people within the local community e.t.c. The charity is determined to intensify its youth education and developments events as a result of the impact of Covid, which affected some of our youth disproportionately. This is in addition to the current activities which are a blend of virtual and face-to-face events. These are very popular events throughout the year. The church has also increased 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. Education is central to the relief of poverty in our opinion. The charity continues to regularly organise seminar in the area of financial empowerment and social responsibilities. We are particularly keen to see improvement in the number of financially-empowered 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 the 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, as well as investing in a number of facility and resources’ improvements 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 £165,489 and expenditure of £130,611. 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 10[th] of September, 2022 ## **Charity No 1147311** **RCCG Amazing Grace Huntingdon** **Annual Accounts April 2021 to Mar 2022** **Prepared by DTT Consultancy Ltd** |**RCCG**|**Amazing Grace Huntingdon**|**Amazing Grace Huntingdon**|**Amazing Grace Huntingdon**|CharityNo|**1147311**|| |---|---|---|---|---|---|---| ||Annualaccountsforthe period|||||| ||Period start date|**1st Apr 2021**|**To**|Period end
date|**31st Mar 2022**|| |||||||| |**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_**
Prior Year adjustment
Revaluation reserve
**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||||| |||-|-|-|-|-| |||124,719|-|-|124,719|106,245| ||||-|-|-|| |||2|-|-|2|3| |||-|-|-|-|-| |||40,767|-|-|40,767|45,668| |||165,489|-|-|165,489|151,916| |||||||| |||-|-|-|-|-| |||114,914|-|-|114,914|92,925| |||-|-|-|-|-| |||-|-|-|-|-| |||15,697|-|-|15,697|7,269| |||-|-|-|-|-| |||-|-|-|-|-| |||130,611|-|-|130,611|100,194| |||34,878|-|-|34,878|51,722| |||-|-|-|-|-| |||34,878|-|-|34,878|51,722| |||||||| |||43,000|-|-|43,000|14,760
-| |||18,247|-|-|18,247|-| |||96,125|-|-|96,125|36,962| |||243,819|-|-|243,819|206,857| |||339,944|-|-|339,944|243,819| 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**
**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
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| |---|---|---|---|---|---|---| |||606,750|-|-|606,750|530,208| |||-|-|-|-|-| |||-|-|-|-|-| |||606,750|-|-|606,750|530,208| |||||||| |||-|-|-|-|-| |||10,940|-|-|10,940|14,760| |||-|-|-|-|-| |||39,865|-|-|39,865|25,556| |||50,805|-|-|50,805|40,316| |||||||| |||26,193|-|-|26,193|28,300| |||||||| |||24,612|-|-|24,612|12,016| |||||||| |||631,361|-|**-**|631,361|542,224| |||||||| |||291,417|-|-|291,417|298,405| |||-|-|-|-|-| |||||||| |||339,944|-|-|339,944|243,819| |||||||| |||339,944|||339,944|243,819| ||||||-|| |||||-|-|| |||||||| |||339,944|-|-|339,944|243,819| |||||||| |||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:  if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;  if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “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**|Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
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.| |**Volunteer help**|The value of any voluntary help received is not included in the accounts but is described in the
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.| |**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|124,719|106,245| ||Gift Aid received|27,827|13,288| ||Gift aid receivable|10,940|14,760| ||Furloughpayment|-|6,620| ||Covid Grant|2,000|11,000| ||**Total**|165,487|151,914| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Interest|2|3| ||||| |||-|-| |||-|-| |||-|-| ||**Total**|2|3| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**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|3,274|10,248| ||Travel& Subsistence|7,708|3,105| ||Choir&Music|4,300|145| ||Evangelism & Outreach|4,677|2,337| ||Technical & Equipment|7,873|-| ||Office Expenses|4,727|955| ||Publicity|1,672|70| ||Honourarium|5,680|4,790| ||Other|1,966|1,669| ||Conference|5,316|1,777| ||Independent examination|300|300| ||Salaryrelated cost|37,016|39,401| ||Children & Youth|1,104|-| ||Training|1,973|1,250| ||Hospitality|2,327|2,086| ||Utilities|5,461|4,564| ||Insurance|819|1,300| ||Mortgage Interest|11,150|4,914| ||Loan Interest|503|| ||Depreciation|6,459|6,459| ||Charges|610|7,557| ||**Total**|**114,914**|**92,925**| ||||| ||||| ||||| ||||| ||||| ||||| ||**Total**|-|-| ||||| ||||| ||||| ||||| ||**Total**|-|-| ||||| ||World Evangelical Mission|9,507|5,599| ||CentralOffice
|800|600| ||Welfare|2,890|1,070| ||Donation to other charities|2,500|| ||**Total**|**15,697**|**7,269**| ||||| ||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).**_ |**_appropriate box(es)._**||| |---|---|---| |**Other fees (for example: advice, consultancy, accountancy**
**services) paid to the independent examiner or auditor**
**Independent examiner’s or auditors' fees for reporting on the**
**accounts**|**This year**
**£**|**Last year**
**£**| ||300|300| |||| 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
529,000 26,224 - 25,834 - 581,058
Additions
- - - - - -
Revaluations
43,000 - - - - 43,000
Disposals
- - - - - -
Transfers *
- - - - - -
Balance carried
forward
572,000 26,224 - 25,834 - 624,058
****Basis**
SL or RB
SL or RB
SL or RB
SL or RB
SL or RB
**** Rate**
Balance brought
forward
- - - 10,850 - 10,850
Depreciation charge
for year
- - - 6,459 - 6,459
Impairment provisions - - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers*
- - - - - -
Balance carried
forward
- - - 17,308 - 17,308
Brought forward
529,000 26,224 - 14,985 - 570,208
Carried forward
572,000 26,224 - 8,526 - 606,750
**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**
**£**| |---|---|---|---|---|---|---| ||529,000|26,224|-|25,834|-|581,058| ||-|-|-|-|-|-| ||43,000|-|-|-|-|43,000| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||572,000|26,224|-|25,834|-|624,058| ||-|-|-|10,850|-|10,850| ||-|-|-|6,459|-|6,459| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|-|-|-| ||-|-|-|17,308|-|17,308| |||||||| ||529,000|26,224|-|14,985|-|570,208| ||572,000|26,224|-|8,526|-|606,750| ## **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 31/08/2022 ## **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** |**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 after**
**more than oneyear**|| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||||-|| ||300|300|300|300| ||-|-|-|-| ||25,893|28,000||-| |||||| ||-|-|291,417|298,405| ||26,193|28,300|291,717|298,705| ## **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