THE REDEEMED CHRISTIAN CHURCY OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2024
THE REDEEMED CHRESTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2024 CONTENT Page Statutory Information Report of the Trustee5 Report of the Accountants statement of Flnancial Artivities Balance Sheet Notes to the accounts 7- 10 This does not form part of the statutory accounts Income and Expenditure Account
THE REDEEMED CHRISTIAN CHURCH OF GOD (-RCCG-) TRUE VINE PARXSH EPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2024 STATUTORY INFORMATION Principal Address: 45 LtNDEN ROAD BOGNOR REGIS WEST SUSSEX P021 2AP Registared Number". 1147716 "Accountants: Alani IdDWU & Co TIA Wollydée Associates 51 Beechwood Road Oldham OL8 2NJ Bankers: HSBC
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2024 REPORT OF THE TRUSTEES Trustee$ Mrs Fatima Onuka Dr Sunday Olatunji Oyegbile Pastor Temitope Oluwakayode Eniola Samson Ass. Pastor Adekemi Adeyefa-ojomo Mr Samuel Akinc>la Trustee$, Responsibilitles in Relation to the Financial Statements Law applicable tc> charities in England and Wales requires the trustees to prepare Finènclal Statements for each flnancial year, which give è true and fair view of the Charity's financial artivities during the year and of its financial position at Lhe end of the ytsar. In preparing those financial statetnents, the trustees are required to.. l. select suitable accounting pollcies and then apply them consistently-, 2. makÈ judgements and estimates that are reasonable and prudertt,. 3. state whether applicable accoLJnting standards and statements of recoFnmended practice have been followed subjett to any departure disclosed and explained in the finantial statetnents. and 4. prepare the financial statements on the going concern basis unless it is inappropriate tc) presume that the charity will continue in busines5. The trustees are responsible for keeping accounting records which disclose with reasonable accura at any time the financial position of the charity and enable them to ensure that the financial statements comply wlth thc Charities Act 1993. They are also responsible for safeguarding the assets of Lhe charity and hence for taking reasonable steps for the prevention and detention of fraud and other irregularities. Chairman Dated.. 26 February 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAFt ENDED 05 APRIL 2024 INDEPENDENT ACCOUNTANTS REPORT We have prepared the ffinancial statements of RCCG True Vine Parish for the period ended 05 April 2022 which comprise the Staternerrt of Financial Activities, Bèlance Sheet and the related notes set out on pages 7 to 9. These ff nancièl statements have béèn prepared under the histc>ric cost convention and the ccounttng policies set oijt on page 7. This report is made solely for the trustees in ac¢orLlance with Section 44 Charities Art 1993. Our accounting work has been undertaken so that we might state to thè Trustees those matters we are required to stste to them in our accountants, report and for no Dther purposes. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trustees of the Association, for our accounting work, for this report, or for the opinion we have formed. Respectlve Responsibilities of Trustees and Accountants The trustees. responsibilities for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards are set out in the Stètement of Trustees, Responsibilities on page 2. Our responsibilities is to ppare the financial statements in ?c¢ordance with relevant legal and regulatory requirements and United Kingdom Accounting Standards. We report to the trustees our opinion whether the flnancial statements give a true and fair view and are prepared in accordance with the Charities Art 1993. We also report to you if, in our opinion, the Trustees. Annual Repclrt is not consistent with the financial statements, if the charity has not kept proper awounting records, Dr if we have not received all the information ènd explanations we require for the preparatiorn of the financial statemènts. We read the infomètion contained In the Trustees, Annual leport and cor+sider whether it Is consistent with the financial statements. We consider the implication for our report if we become awarè of any apparent misststement or material inconsistencies with thè financial statements. Our responsibilities do not extend to any other information. We have prepard the financial statemènts with the Unlted Klngdon Accounting Standards issued by the Accounting Standards Board. The preparation include exam- Ination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and Judgements made by thè trustees in the preparation of the financial statements, and of whether the accounting policies are appropriate to the charity's circumstances, consistently applied and adequately disclosed.
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG"} TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2024 INDEPENDENT ACCOUNTANTS REPORT Basis of opinion (continued) We planned and performed our prepar3tlon so as to obtain all information and expla- ations which we considered necessary in order to provide us with Sufficient evidence to give reasonable assurance as to whether the financial stat&ménts are free from aterial misstatement, whethèr caused by fraud Dr other irregularity or error. In form- ing Duf Dpinlon, we also evaluate the overall adequacy of the presentatlon of Infc>rma- tion In the finanaal statements. Unqualified opinion In our opinion, the financial statements give a true and fair vitrw of the state Df affairs of the charity as at 5th Aprll 2023 and of its incoming resource5 and application of resources for the period then ended and have been propeFly prepared in accordance with the Charities Act 1993. Accountants Alani Idowu & Co TIA Wollydee Associates 51 Beechwood Road Oldham OL8 2N] Dated.. 26 February 2025
THE REDEEMED CTrIRISTIAN CHURCH OF GOD ("RCCG-) TRUE VINE PARISH REPORT AND FENANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2024 STATEMENT OF FINANCIAL AcfivITIES Unrestrirted Funds Total Funds 2024 2023 Note Incoming Resources Artivities in furtherance of the charity's Dbjects 36,891 62,807 Investment Income Totsl Incoming Resources 36,891 62,807 Resources Expended Cost of generating funds 6,000 7,503 Management and Administration DonotlOA to other charities Total Resources Expended 36.826 49,368 42,826 56,871 Net incoming resources beftsre other recognised gains and logges (5,935) 5,936 Other recognised gains and losses Net movement in funds for the year (5,935) S,936 Balance Brought Forward 9,432 3,496 Total funds as at 5 April 2024 All activities relate to eontinuing operations.
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG"} TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2024 BALANCE SHEET AS AT 05 APRIL 2024 2024 2023 Note Fixed As$ets: Tangible Fixed Agsets Current A$sets Receivable Balance at bank and In hand 3,497 3,497 9,432 9,432 Curent Liabilities Creditors.. Amount fallillg due within l yèar Net Current Assets 3,497 9,432 Creditors Amount due more than l year Total Assets Less Current LSabilitie5 Represented by-. General Funds Unrestricted Fund5 io 3,497 9,432 Restricted Funds li Approved by the tNstees on 26 of February 2025 and Signed on Its behalf by.. (Chalrmanl
THE REDEEMED CHRISTtAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2024 NOTES FORMING PART OF THE FINANCIAL STATEMENTS l. Principal Accountlong Pollcles a. Accounting Convention The financial statements are ppared under the historic cost convention. In preparing the financial statements, the charity follows the best practice as lald down in the Statement of Recommended Pffictice "Accounting and Repo- rting by Charities" ISORP 2000) issued in Ottober 2000. To comply fully with Statement of Recommended Practice, would require investments to be accounted for at valuation. The trustees are of the oplnion that since the investments are held for the long tem), it would be inappropriate to account for unrealised gains and 10ss¢s for the period. Therefore investments have been accounted fc>r at historical cost. This is the only exception to Compliance with The Statement of Recommended Practice. The market value of the investments is disclosed. b. Income from membèrs is credited to the ir¢come in the year in whlch it Is receivable by the Asso¢iètion. All other income is credited to income in the year in which it is received on a cash basis. c. Donations to other charities are charged in the year when the offer Is conveyed to the recipients except In those cases where the offer is conditi- oning, such Bs donations or grants being recc>gniseL3 as expenditure when the conditions attached are fulfilled. d. Unrestricted funds are general funds whlch are available for use at the disc- rection Lif the trustees in furtherance of the genèral objettives of the Asso- ciation and which have not been deslgnated for other purposes. e. Tangible Fixed Assets Thè tangible assets are ststed at cost less depreci?tlon. The general policy is to provide depreciation on fixed assets on a redu¢lng balance method over their estimated useful lives. ND depreclatlon is charged in the year in which the assets arc sold or scrapped. Tangible fixed assets are depreciated at rates appropriate to the assets concerned. Freehold Property Improvements to Property Equipments Fumiturè and Fixturès 00/0 15¥0 15¥0 15¥0
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCtAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2024 NOTES FORMING PART OF THE FINANCIAL STATEMENTS Icontinuedl 2. Incomlng Resources - Activities in furtherance of charlty's objects 2024 2023 Tithes and Offerings Building Fund 29,034 41,652 29,034 7.857 36,891 41,652 21.155 62,807 Gift Aid 3. Investment In¢om 2024 2023 Interest recelved on bank deposit account 4. Cost of Generating Incorning Resources 2024 2023 Outreach event5 Publicity and Radio Ministry Love offerings 6,000 7,503 6,000 7,503 5. Management and Admintstration 2024 2023 Rent and Servicè charges 5alarles and NI Church Administration & Offlce Car, Travelling and AccomDdation Postsge and stationery Telephone Donation to Central Office Donation and Welfare Subs¢iplions Insurance 7,150 7,585 12,793 9,578 180 144 852 7,694 3,939 712 150 10,485 6,957 628 1,134 1,052 446 650 83 35,410 447 1,315 2564 446 1,254 MlscellaneL)US Accountancy and BoLikkeeping Bank Charges 46,875
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH EPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2D24 NOTES FORMENG PART OF THE FINANCIAL STATEMENTS (continued) 6. Tangible Fixed Assets Motor FUrnIr Cost Brought Fonward Additions 3,550 1,420 820 5,600 1,330 12,720 Carried forward 3,550 1,420 820 1,330 12,720 Depreciation Brought FTrrward Provided during the year 3198 352 1278 142 738 82 5480 120 1200 130 11,894 826 Carried forward 3,550 1,420 820 5,fjOD 1,330 12,72D Net Book Value At 5th April 2024 7. Receivable Amount falllng due within l year 2024 2023 8. Creditors Amount falling due after more than l year 2024 2023
THE REDEEMED CHRZSTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAFi ENDED 05 APRIL 2024 NOTES FORMING PART OF THE FINANCIAL STATEMENTS Icontinuedl 10. Unrestricted Funds 2024 2023 Balan Brought Forward 9,432 3,496 Net movement in Funds for rhe year (5,935) 5,936 Balance Carried Fonvard 11. Re5tri¢ted Funds 2024 2023 This represents atnount provlded and set aside for specific purpose. io
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANcL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2024 STATEMENT OF FINANCIAL ACTIVITIES 2024 2023 Incomirtg Resources 29,034 41,652 Tithes and offerings Othèr InGome 29,034 7,857 41,652 21,155 Gits Aid Receivable Resource Expended Cost of generating funds Outreach events Love offerings 6.000 7.503 6,000 Charltable èxpenditure Donations to other ¢harities 4,516 Management and Adminlstration Rent and Service charges Salaries and NI Church Administration & Office Car, Travelling and Accomodation Postage and stationery Telephone Donation to Central Office Donatlon and Welfare Subsciption5 Insurance Utilities Mi5cell3neous ACCOUntanw and Bookkeeping Bank Charges 7,150 7,585 12,793 9,578 180 144 8$2 7.694 3,939 712 150 10,485 6,957 628 1.134 I,OS2 446 650 83 36,826 447 1.315 2564 446 1,254 49,368 Total Resource Expended 42,826 56,871 Excess of Incoming Resources Over Resource Expended 5,936 li