2024-03-31-accounts - Rccg Amazing Grace Huntingdon

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Charity No 1147311

RCCG Amazing Grace Huntingdon

Annual Accounts April 2023 to Mar 2024

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 2024

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 2024

The Trustees present their annual report together with the financial statements of The RCCG Amazing Grace Huntingdon (the charity) for the ended 31st March 2024.

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 2024

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 2024

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.
Organizing 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 £460,689 against the last year amount of £ 365,164.

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 2024

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.
Continue towards acquiring portacabin to start soup kitchen, in addition to current provision of food via Fareshare UK to assist the disadvantaged in the community.
Expand the current musical instruments training classes to help interested members of the community develop their innate skills.
Continue to work towards organizing hymns and music events for our local care homes. This is aimed at improving the well-being of older members of the community.
Review modalities and the possibility of establishing house fellowships in the area.

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 15[th] July 2024 and signed on their behalf, by:

Pastor George Akinwumi 15/7/2024

Page 4

RCCG Amazing Grace Huntingdon

INDEPENDENT EXAMINNERS REPORT FOR THE PERIOD OF APRIL 2023 TO MARCH 2024

I report on the financial statements of RCCG Amazing Grace Huntingdon for the year ended 31st March 2024 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 therein.

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 consequently I do not express an audit opinion on the view

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

4th April 2024

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 2023	To	Period end date	31st Mar 2024

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 Activities for generating funds Investment income Incoming resources from charitable activities Other incoming resources *Total incoming resources* Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary 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* S01 S02 S03 S04 S05 S06 S07 S08 S09 S10 S11 S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 Note	Details of own analysis ote 3) Note		Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total this year £ F04	Total last year £ F05
			-	-	-	-	-
		S01	183,678	-	-	183,678	128,823
		S02		-	-	-	-
		S03	432	-	-	432	57
		S04	-	-	-	-	-
			30,994	-	-	30,994	26,467
			215,104	-	-	215,104	155,347

			-	-	-	-	-
		S07	139,370	-	-	139,370	125,771
		S08	-	-	-	-	-
		S09	-	-	-	-	-
		S10	20,209	-	-	20,209	4,355
		S11	-	-	-	-	-
			-	-	-	-	-
			159,579	-	-	159,579	130,126
			55,524	-	-	55,524	25,221
			-	-	-	-	-

			55,524	-	-	55,524	25,221

			40,000	-	-
						40,000	-
			-	-	-	-	-
			95,524	-	-	95,524	25,221
			365,164	-	-	365,164	339,944
			460,689	-	-	460,689	365,164

Page 6

Section B

Balance sheet as at 31st March 2024 Restricted

Unrestricted funds £ F01	income funds £ F02	Endowment funds £ F03	Total this year £ F04	Total last year £ F05
633,832	-	-	633,832	600,291
-	-	-	-	-
-	-	-	-	-
633,832	-	-	633,832	600,291

-	-	-	-	-
-	-	-	-	14,309
-	-	-	-	-
58,341	-	-	58,341	21,095
58,341	-	-	58,341	35,404

16,599	-	-
			16,599	23,325

41,742	-	-	41,742	12,079

675,574	-	-	675,574	612,370

214,885	-	-
			214,885	247,206
-	-	-
			-	-

460,689	-	-	460,689	365,164

460,689			460,689	365,164
			-	-
		-	-	-

460,689	-	-	460,689	365,164

Signature		Print Name		Date of approval
		Pastor George Akinwumi		15thJuly2024

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	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 9

(cont)

Section C Notes to the accounts 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	183,678	128,823
Gift Aid received	23,225	12,158
Gift aid receivable		14,309
Other	7,769	-

Total	214,672	155,290

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

Interest	432	57

	-	-
	-	-
	-	-
Total	432	57

	-	-
	-	-
	-	-
	-	-
	-	-
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.

Analysis This year £	Analysis This year £	Last year £
Professional Fees	2,232	1,312
Travel & Subsistence	10,338	11,551
Choir & Music	140	706
Technical & Equipment	6,350	4,802
Office Expenses	1,266	3,005
Publicity	-	1,392
Honourarium	9,199	6,250
Other	2,218	580
Conference	4,921	5,108
Salaryrelated cost	37,487	39,211
Children & Youth	4,021	2,111
BuildingMaintenance	24,890	6,123
Training	2,211	21
Hospitality	3,341	2,464
HMRC	3,094	-
Utilities	4,543	8,133
Insurance	761	2,146
Mortgage Interest	11,561	11,014
Loan Interest	539	611
Other Interest	688	-
Depreciation	6,459	6,459
Charges	3,109	1,281
Total	139,370	125,771






Total	-	-




Total	-	-

World Evangelical Mission	9,519	1,800
Central Office	600	600
Evangelism & Outreach	9,590	11,490
Welfare	-	1,955
Province	500
Total	20,209	4,355




Total	-	-

Page 11

(cont)

Section C

Notes to the accounts

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).*
Independent examiner’s or auditors' fees for reporting on the accounts Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor	This year £	Last year £
	300	300

Page 12

Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	Section C Notes to the accounts	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 Balance brought forward Additions Revaluations Disposals Transfers Balance carried forward 9.2Accumulated depreciation and impairment provisions *Basis Rate** Balance brought forward Depreciation charge for year Impairment provisions Revaluations Disposals Transfers Balance carried forward 9.3 Net book value Brought forward Carried forward Freehold land & buildings Property Related Cost Plant, machinery and motor vehicles Fixtures, fittings and equipment £ £ £ £* 572,000 26,224 - 25,834 - - - - 40,000 - - - - - - - - - - - 612,000 26,224 - 25,834 SL or RB SL or RB SL or RB SL or RB - - - 23,767 - - - 6,459 - - - - - - - - - - - - - - - - - - - 30,226 572,000 26,224 - 2,067 612,000 26,224 - - 4,392
	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

	-	-	-	-	-	-

	40,000	-	-	-	-	40,000

	-	-	-	-	-	-

	-	-	-	-	-	-

	612,000	26,224	-	25,834	-	664,058


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


	-	-	-	23,767	-	23,767

	-	-	-	6,459	-	6,459

	-	-	-	-	-	-

	-	-	-	-	-	-

	-	-	-	-	-	-

	-	-	-	-	-	-

	-	-	-	30,226	-	30,226


	572,000	26,224	-	2,067	-	600,291
	612,000	26,224	-	- 4,392	-	633,832

9.4 Revaluation

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

Page 13

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 £
-	-	-	-
-	-	-	-
-	14,309	-	-
-	-	-	-
-	14,309	-	-

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 Bounce back loan 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
	-	-	-	-
	5243	-	14,842	23,025
		-
	11,056	-	200,043	247,206
	16,599	300	214,885	270,231

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