2023-03-31-accounts - Rccg Amazing Grace Huntingdon

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Charity No 1147311

RCCG Amazing Grace Huntingdon

Annual Accounts April 2022 to Mar 2023

Prepared by DTT Consultancy Ltd

RCCG Amazing Grace Huntingdon

REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023

General Overseer	Pastor Enoch Adeboye
Trustees	Pastor George Akinwumi
	Kehinde Lajuwomi
	Pastor Vincent Ibikunle
Minister In Charge	Pastor Ade Ajayi
Charity registration no	1147311
Principal office	7 Circus Court
	Huntingdon
	Cambridgeshire
	PE29 7DL
Independent Examiner	Tunji Ogedengbe
	36 Daffodil Close
	Hatfield
	AL10 9FF
Bankers	Natwest Bank

RCCG Amazing Grace Huntingdon

TRUSTEES' REPORTS FOR THE YEAR ENDED 31ST MARCH 2023

The Trustees present their annual report together with the financial statements of The RCCG Amazing Grace Huntingdon (the charity) for the ended 31st March 2023.

The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The church is constituted under a memorandum and article incorporated 9th September 2011 as amended by special resolution registered at companies house on 11th May 2012.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are appointed and co-opted under the terms of the Trust deed.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the parish pastor and volunteers.

e. RELATED PARTY RELATIONSHIPS

Amazing Grace Huntingdon is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes".

f. RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

g. GRANT MAKING POLICY

The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG programmes.

The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

Page 1

RCCG Amazing Grace Huntingdon

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The objectives of the church are:

The advancement of the Christian faith worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule.
The relief of poverty.

Each year our trustees review our objectives and activities to ensure they continue to reflect our aims.

In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The church has adopted the following strategies for achieving the above objectives:

organisation of seminars and events to address issues of relevance to the relief of poverty and provision of care and support for the needy as appropriate;
planting of churches; and
support for other charities and events with similar objectives.
social action initiatives in the community

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The main activities of the church are as follows:

Sunday service
Sunday school for all ages of children
Weekly night Bible Studies and house fellowships at various centres

d. VOLUNTEER MANAGEMENT

The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, office work and administration.

e. INVESTMENT POLICY AND PERFORMANCE

The trustees have decided that at present, funds should be retained in bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

f. VULNERABLE BENEFICIARIES

The church works with vulnerable groups including children and make sure users are safe and protected from harm. Volunteers, employees and trustees have the right checks and assessments before they can work with a church. Find out how charities can protect their users. Safeguards are in place to protect vulnerable people from abuse, and prevent abuse happening in the first place.

g. CONFLICT OF INTERESTS

No trustee is in a position where their duty as a trustee will be conflict with any personal interest they may have.

h. COMPLAINTS HANDLING

We are committed to ensuring that people have all necessary support required to make a complaint. Complaints are accepted verbally or in writing, and can be formal or informal.

Anyone wishing to make a complaint will be provided with a Complaints Handling Statement, which summarises how a complaint about our service can be made.

Page 2

RCCG Amazing Grace Huntingdon

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

ACHIEVEMENTS AND PERFORMANCE

REVIEW OF ACTIVITIES

The church undertook the following activities:

Feeding those in need in the community.
Provision of free community space for events relating to children, youth education, health, and well-being as may be required in the local community.
Ministering to children and keeping them busy with activities in term time and during holidays as may be required.
Providing personal hygiene items to members of the community.
-Community BBQ day to celebrate our community and reach out to those in need
Provision of transportation to and from place of worship for disadvantaged members of the community.
Organising seminars individually and jointly with other charities on effective parenting strategies and techniques for members of the community.
Engaging faith community members in sporting activities eg football matches.
Working with other local charities to support youth in distress

FINANCIAL REVIEW

Members of the church have been generous this year. The statement of the financial activities shows net asset stand at £365,164 against the last year amount of £ 339,944.

RESERVES POLICY

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding.

PRINCIPAL FUNDING

This is provided mainly through voluntary tithes and offerings by the church members.

Page 3

RCCG Amazing Grace Huntingdon

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31ST MARCH 2023

PLANS FOR THE FUTURE

FUTURE DEVELOPMENTS

Continuing to provide conducive community space for events in the local community

Continue with community BBQ event and Christmas lunch on Jesus - targeting people in need in our community.
Continue with quarterly seminar series on good parenting, values and responsible upbringing
More trainings on and understanding expectations for people from overseas.
Managing stress for adults, Coping with peer pressure for youths.
Working with other local charities to support youths in distress
Employability skills training for the unemployed.
We are looking at acquiring portacabins to start soup kitchen to assist the disadvantaged in the community.
We are looking at setting up musical instruments training classes to help interested members of the community develop their innate skills.
We’re looking to resume organising hymns and music events for our local care homes. This is aimed at improving the well being of older members of the community.
We are setting out plans to start house fellowships.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 incoming resources and application of resources 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.
observe the methods and principles in the Charities SORP.
make judgments and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in operation.

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 Charities Act 2011.

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 Trustees on 5th October 2023 and signed on their behalf, by:

Pastor George Akinwumi 05/10/2023

Page 4

RCCG Amazing Grace Huntingdon

INDEPENDENT EXAMINNERS REPORT FOR THE PERIOD OF APRIL 2022 TO MARCH 2023

I report on the financial statements of RCCG Amazing Grace Huntingdon for the year ended 31st March 2023 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act),as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, as amended, whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities 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

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(i) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 41 of the Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting of the Act have not been met; or
(ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Tunji Ogedengbe 36 Daffodil Close Hatfield AL10 9FF

8th August 2023

Page 5

RCCG	RCCG Amazing Grace Huntingdon	RCCG Amazing Grace Huntingdon	RCCG Amazing Grace Huntingdon	RCCG Amazing Grace Huntingdon	CharityNo	1147311
	Annual accounts for theperiod
	Period start date		1st Apr 2022	To	Period end date	31st Mar 2023

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis 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 *Total incoming resources* Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary S06 income Fundraising trading costs Investment management costs Charitable activities Governance costs Other resources expended *Total resources expended* *Net incoming/(outgoing) resources before* *transfers* Gross transfers between funds *Net incoming/(outgoing) resources before* *other recognised gains/(losses)* Other recognised gains/(losses) Revaluation reserve Prior Year adjustment *Net movement in funds* Total funds brought forward *Total funds carried forward* S07 S08 S09 S10 S11 S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 Note			Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total this year £ F04	Total last year £ F05
			-	-	-	-	-
		S01 S02	128,823	-	-	128,823	124,719
				-	-	-	-
		S03	57	-	-	57	2
		S04	-	-	-	-	-
			26,467	-	-	26,467	40,767
			155,347	-	-	155,347	165,489

			-	-	-	-	-
		S07	125,771	-	-	125,771	114,914
		S08	-	-	-	-	-
		S09	-	-	-	-	-
		S10	4,355	-	-	4,355	15,697
		S11	-	-	-	-	-
			-	-	-	-	-
			130,126	-	-	130,126	130,611

			25,221	-	-	25,221	34,878
			-	-	-	-	-

			25,221	-	-	25,221	34,878

			-	-	-
						-	43,000
			-	-	-	-	18,247
			25,221	-	-	25,221	96,125
			339,944	-	-	339,944	243,819
			365,164	-	-	365,164	339,944

Page 6

Section B

Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total this year £ F04	Total last year £ F05
600,291	-	-	600,291	606,750
-	-	-	-	-
-	-	-	-	-
600,291	-	-	600,291	606,750

-	-	-	-	-
14,309	-	-	14,309	10,940
-	-	-	-	-
21,095	-	-	21,095	39,865
35,404	-	-	35,404	50,805

23,325	-	-
			23,325	26,193

12,079	-	-	12,079	24,612

612,370	-	-	612,370	631,361

247,206	-	-
			247,206	291,417
-	-	-
			-	-

365,164	-	-	365,164	339,944

365,164			365,164	339,944
			-	-
		-	-	-

365,164	-	-	365,164	339,944

Signature		Print Name		Date of approval
		Pastor George Akinwumi		05/10/2023

Page 7

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 8

(cont)

Section C

Notes to the accounts

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. 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 9

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.

This year Analysis £	This year Analysis £	Last year £
Donation from members	128,823	124,719
Gift Aid received	12,158	27,827
Gift aid receivable	14,309	10,940
Furloughpayment	-	-
Covid Grant		2,000
Total	155,290	165,487

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Interest	57	2

	-	-
	-	-
	-	-
Total	57	2

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Page 10

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.

This year Analysis £	This year Analysis £	Last year £
Professional Fees	1,312	3,274
Travel & Subsistence	11,551	7,708
Choir & Music	706	4,300
Evangelism & Outreach	11,490	4,677
Technical & Equipment	4,802	7,873
Office Expenses	3,005	4,727
Publicity	1,392	1,672
Honourarium	6,250	5,680
Other	580	1,966
Conference	5,108	5,316
Independent examination		300
Salaryrelated cost	39,211	37,016
Children & Youth	2,111	1,104
Building Maintenance	6,123
Training	21	1,973
Hospitality	2,464	2,327
Legal expenses
Utilities	8,133	5,461
Insurance	2,146	819
Mortgage Interest	11,014	11,150
Loan Interest	611	503
Depreciation	6,459	6,459
Charges	1,281	610
Total	125,771	114,914






Total	-	-




Total	-	-

World Evangelical Mission	1,800	9,507
Central Office	600	800
Welfare	1,955	2,890
Donation to other charities		2,500
Total	4,355	15,697

Charityregistration


Total	-	-

Page 11

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 12

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 £
572,000	26,224	-	25,834	-	624,058

-	-	-	-	-	-

	-	-	-	-	-

-	-	-	-	-	-

-	-	-	-	-	-

572,000	26,224	-	25,834	-	624,058


SL or RB	SL or RB	SL or RB	SL or RB	SL or RB


-	-	-	17,308	-	17,308

-	-	-	6,459	-	6,459

-	-	-	-	-	-

-	-	-	-	-	-

-	-	-	-	-	-

-	-	-	-	-	-

-	-	-	23,767	-	23,767


572,000	26,224	-	8,526	-	606,750

572,000	26,224	-	2,068	-	600,291

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

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Section C

Notes to the accounts

(cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

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

12.1Analysis 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
	-	-	-	-
	23,025	25,893		-

	-	-	247,206	291,417
	23,325	26,193	247,506	291,717

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 14