REGISTERED COMPANY NUMBER: 07491486 (England and Wales) REGISTERED CHARITY NUMBER: 1147980
Report of the Trustees and Financial Statements for the year ended 31 Jan 2023 For RCCG New Life Assembly
DTT Consultancy Ltd 36 Daffodil Close Hatfield Hertfordshire AL10 9FF
RCCG New Life Assembly
Contents of the Financial Statements
for the year ended 31 Jan 2023
| Page | |
|---|---|
| Report of the Trustees | 1 to 4 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 to 8 |
| Notes to the Financial Statements | 9 to 12 |
| Detailed Statement of Financial Activities | 13 |
RCCG New Life Assembly
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number: 07491486 (England and Wales)
Charity number : 1147980
Registered office:
RCCG NEW LIFE ASSEMBLY 1 CARLISLE ROAD KINGSBURY LONDON NW9 0HD
Trustees
Mr Vincent Tokunbo Tunde Ibikunle Mr Phillip Adebayo Phillips Mrs Lara Apoola
Independent Examiner
Tunji Ogedengbe 36 Daffodil Close Hatfield Hertfordshire AL10 9FF
RCCG New Life Assembly
TRUSTEES' REPORTS FOR THE YEAR ENDED 31 JANUARY 2023
The Trustees present their annual report together with the financial statements of THE REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE HENDON(the charity) for the ended 31st JANUARY 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 articles incorporated 13 Jan 2011 as amended by special resolution registered at companies house on 25/06/2012
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
New life Hendon 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.
RCCG New Life Assembly
TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 JANUARY 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 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.
RCCG New Life Assembly
TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 JANUARY 2023
ACHIEVEMENTS AND PERFORMANCE
a. REVIEW OF ACTIVITIES
The church undertook the following activities:
-
Feeding those in need in the community.
-
Ministering to children and keeping them busy with activities for one week of their holidays
-
Provision of transportation to and from place of worship for disadvantaged members of the community
-
Jointly organising seminars with other charities on effective parenting strategies and techniques for members of the community.
-
Engaging faith community members in sporting activities eg football matches.
-
Assist members of the community who are stranded to source living spaces.
-
Training on parenting for local and people from overseas.
-
Employability skills training for the unemployed.
-
Marriage seminars to enhance couples in the church
-
Financial seminar to assist members in maanging there finance
RCCG New Life Assembly
TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 JANUARY 2023
FINANCIAL REVIEW
a. RESERVES POLICY
Members of the church have been generous this year. The statement of the financial activities shows net asset stand at £7,591 against the last year amount of £13,852.
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
b. PRINCIPAL FUNDING
This is provided mainly through voluntary tithes and offerings by the church members.
PLANS FOR THE FUTURE
a. FUTURE DEVELOPMENTS
We are hoping to acquire a building of our own and we are also praying that God will help us establish another parish with its own place of worship.
We are looking at setting up musical instruments training classes to help interested members of the community develop their innate skills.
Looking to set up a food bank in future.
Looking to purchase a church van
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
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 departures disclosed and
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 2nd September 2023 and signed on their behalf, by:
………………………………………………….. Philip Adebayo Philips
RCCG New Life Assembly Independent Examiner's Report FOR THE YEAR ENDED 31 JANUARY 2023
I report on the financial statements of RCCG New Life Assembly for the year ended 31st Jan 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 therein.
Respective responsibilities of trustees and independent examiner
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
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 given by the accounts.
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 130 of the Charities Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements 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
DTT Consultancy Limited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF
Date: 02/09/2023
Page 2
RCCG New Life Assembly Statement of Financial Activities
for the year ended 31 Jan 2023
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | Funds | Funds | |||||
| Notes | £ | £ | £ | £ | ||||
| INCOMING RESOURCES | ||||||||
| Incoming resources from generated funds | ||||||||
| Voluntary income | 2 | 210,004 | 210,004 | 235,814 | ||||
| Investment income | 3 | - | - | - | ||||
| Total incoming resources | 210,004 | - | 210,004 | 235,814 | ||||
| RESOURCES EXPENDED | ||||||||
| Charitable activities | 135,985 | 135,985 | 152,750 | |||||
| Support Costs | 71,548 | 71,548 | 69,172 | |||||
| Finance Costs | 173 | 173 | 30 | |||||
| Governance costs | 8,560 | 8,560 | 7,170 | |||||
| Total resources expended | 216,265 | - | 216,265 | 229,122 | ||||
| NET INCOMING RESOURCES | - | 6,261 |
- | - | 6,261 |
6,693 | ||
| RECONCILIATION OF FUNDS | ||||||||
| Prior Year Adjustment | - | - | 11,073 |
|||||
| Total funds brought forward | 13,852 | 13,852 | 18,233 | |||||
| TOTAL FUNDS CARRIED FORWARD | 7,591 | - | 7,591 | 13,852 |
Page 3
RCCG New Life Assembly Balance Sheet
At 31 Jan 2023
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | Funds | Funds | |||||
| Notes | £ | £ | £ | £ | ||||
| FIXED ASSETS | ||||||||
| Tangible assets | 9 | - | - | - | ||||
| CURRENT ASSETS | ||||||||
| Debtors | 10 | 5,400 | 5,400 | 4,150 | ||||
| Cash in hand | 2,841 | 2,841 | 10,352 | |||||
| 8,241 | - | 8,241 | 14,502 | |||||
| CREDITORS | ||||||||
| Amounts falling due within one year | 11 | - | 650 |
- | 650 |
- | 650 |
|
| - | - | |||||||
| NET CURRENT ASSETS/(LIABILITIES) | 7,591 | - | 7,591 | 13,852 | ||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 7,591 | 7,591 | 13,852 | |||||
| NET ASSETS | 7,591 | - | 7,591 | 13,852 | ||||
| FUNDS | ||||||||
| Unrestricted funds | 12 | 7,591 | 7,591 | 13,852 | ||||
| TOTAL FUNDS | 7,591 | - | 7,591 | 13,852 |
Page 4
RCCG New Life Assembly Balance Sheet
At 31 Jan 2023
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 475 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keep accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act
The financial statements were approved by the Board of Trustees on 02/09/2023 and were signed on its behalf by:
Phillip Adebayo Phillips
Page 5
RCCG New Life Assembly
Notes to the Financial Statements for the year ended 31 Jan 2023
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery -20% on cost
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. VOLUNTARY INCOME
| Tithes and Offerings 3. INVESTMENT INCOME |
2023 2022 £ £ 210,004 235,814 |
|---|---|
| 210,004 235,814 |
|
| 2023 2022 |
Page 6
RCCG New Life Assembly
Notes to the Financial Statements-continued
for the year ended 31 Jan 2023
4. PRIOR YEAR ADJUSTMENT
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| - | - | |
| - | - |
5. SUPPORT COSTS
| 5. SUPPORT COSTS | |
|---|---|
| Direct cost of activities in furtherance of the charity's objectives Support Cost Finance Cost |
Management Finance Totals Totals 2023 2022 £ £ £ £ 135,985 - 135,985 152,750 71,548 - 71,548 69,172 173 173 30 |
| 207,532 173 207,705 221,952 |
6. GOVERNANCE COSTS
| 6. GOVERNANCE COSTS | |
|---|---|
| Accountancy Professional Fees |
2023 2022 £ £ 650 650 8,560 7,170 |
| 9,210 7,820 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 January 2023
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 January 2023
Page 7
RCCG New Life Assembly
Notes to the Financial Statements - continued for the year ended 31 Jan 2023
8. STAFF COSTS
| Wages and salaries National Insurance Other pension costs The average monthly number of employees during the year was as follows: |
2023 2022 £ £ 42,145 51,636 150 - |
|---|---|
| 42,295 51,636 |
|
| 2023 2022 2 2 |
|
| 2 2 |
No employees received emoluments in excess of £60,000.
9. TANGIBLE FIXED ASSETS
| COST At 1 February 2022 Additions Disposals At 31 January 2023 DEPRECIATION At 1 February 2022 Charge for year At 31 January 2023 NET BOOK VALUE At 31 January 2023 At 31 January 2022 |
Plant and machinery Motor vehicles Totals £ £ £ 34,480 12,600 47,080 - - |
|---|---|
| 34,480 12,600 47,080 |
|
| 34,480 12,600 47,080 - |
|
| 34,480 12,600 47,080 |
|
| - - - |
|
| - - - |
10. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| 10. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | |
|---|---|
| Loans 11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Wages Social Security Social Security and other taxes Accured expenses |
2023 2022 £ £ 5,400 4,150 |
| 2023 2022 £ £ - - - - 650 650 |
|
| 650 650 |
Page 8
RCCG New Life Assembly
Notes to the Financial Statements - continued for the year ended 31 Jan 2023
12. MOVEMENT IN FUNDS
| General fund TOTAL FUNDS |
13,852 4,812 18,664 Net movement At 01/02/2022 At 31/01/2023 |
|---|---|
| 18,233 4,812 18,664 |
Net movement in funds, included in the above as folows:
| Unrestricted funds General fund TOTAL FUNDS |
2023 £ £ £ - - - 210,004 216,265 6,261 - Movement in funds Incoming resources Resources expended |
|---|---|
| 210,004 216,265 6,261 - |
Page 9