2022-12-31-accounts - The Redeemed Christian Church Of God (Our Saviour's Parish)

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THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR’S PARISH

Charity Registration No: 1148007

TRUSTEES' ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2022

THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR’S PARISH

Charity Registration No: 1148007

	CONTENTS
Reference and administrative details		3
Trustees' Annual Report		4
Independent Examiner's Report		7
Balance Sheet		8
Statement of Financial Activities		9
Notes to the financial statements		10

THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR’S PARISH

Charity Registration No: 1148007

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES & ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022

Trustees

Olatokunbo Sangowawa (Chairman) Akinlolu R Ladokun Comfort Dina Vincent Dina Adedotun Babalola

General Overseer

Pastor E A Adeboye

Principal Address

110-112 Norton Road Stockton On Tees TS20 2AQ

Charity Registration No: 1148007

Banker

Barclays Bank & Yorkshire Bank

Independent Examiner AKA Compliance Limited 4 St Luke’s Place Hebburn NE31 1RR

THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR’S PARISH

Charity Registration No: 1148007

TRUSTEES' ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022

The trustees submit their report and the financial statements of The Redeemed Christian Church of God (RCCG) Our Saviour’s Parish for the year ended 31 December 2022.The trustees confirmed that the annual report and financial of the charity comply with the current statutory requirements of the charity governing documents and the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities' issued in March 2005.

STATUS

The charity was constituted under a Trust deed dated 9 April 2012 and is registered in England and Wales with charity number 1148007.

The Charity was incorporated on 10 December 2021 as a private company limited by guarantee without share capital. The registered company number is 13792919. The first statement of accounts for the company will be for the year up to 31 December 2022.

APPOINTMENT OR ELECTION OF TRUSTEES

Trustees are appointed under the terms of the trust deed.

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The charity is organised in such manner that permits the trustees to meet and manage its affairs. The Pastor in charge manages the day-to-day administration of the church.

RELATED PARTY RELATIONSHIPS

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

PRINCIPAL FUNDING

Funding has been provided mainly through tithes and offering donations by church members.

OBJECTS AND ACTIVITIES

The principal object is the advancement of Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefits of the local people to achieve its objective the charity adopted the following strategies:

Conducting Sunday worship services onsite and online which allows members to participate in prayer, singing and listening to the Bible being preached. This includes proven ministers of faith to guiding members in the various aspects of the Christian faith;
Friday church-wide prayer on social media platforms;
Support for other charities and Christian events held by other churches;
Support members of the church and community through difficult circumstances such as death or job loss, with food and other necessities; and
Regular visitations within the local community to provide required social support to those in need.

THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR’S PARISH

Charity Registration No: 1148007

TRUSTEES' ANNUAL REPORT (Continued)

FOR THE YEAR ENDED 31 DECEMBER 2022

THE CHURCH

ACHIEVEMENTS AND PERFORMANCE

The church as a faith based charity whose object is to propagate the Christian faith and relief of poverty was involved in the following activities in 2022:

The church had 12 thanksgiving services in the year where members told stories/testimonies of how through faith they recorded personal and family recoveries from emotional challenges made was made possible through absolute faith in the Holy Scriptures.
Four Hymnal Services were also held. Those hymns helped members to keep in touch with their Christian heritage through music written by some of the greatest and exemplary singers. It also embedded Christian truths and doctrines in the heart of members and served as an introduction to the art of poetry to the children.
The fathers and mothers had their days on 19/06/22 & 27/03/22 respectively. These were days to celebrate parenthood and paternal/ maternal bonds and the efforts of parents in fulfilling their roles and responsibilities towards family. They were days that helped children come closer to their parents and understand parental roles in children’s life. Guest ministers were in attendance also to espouse to the members Biblical roles of parents in family lives.
April was dedicated to children. Children’s teachers were part of ongoing yearly training organised by the church to familiarise the teachers with the Safeguarding rules. Children also had fun days, carol service, choreography etc.
Evangelical activities were also organised in form of outreaches. This included the ongoing Stockton Town Centre evangelism. A football match was also organised to reach out to the community in August and Christian tracts and flyers were shared. A Sunday School Conference was also organised in September to serve as a practical demonstration of the Sunday school messages. A community programme called ‘Light up Yorkshire’ was attended by church members in York as a means to further establish community relationship and consciousness.
In terms of training the trainers, seven carefully selected members were sponsored to the RCCG School of Disciples where they were trained to be matured Christian’s who knows themselves and their faith weapons. Existing volunteers in the church also attended the yearly workers retreat in October meant to strengthen and encourage them while new volunteer workers were graduated on the same date.
The youths were also catered for by organising a Youth Service where they were taught about how to scripturally handle youthful pressures.
For the purpose of relief of poverty, different charities were identified and financial contributions were made to further the achievements of their objects. Such charities included North East Ambulance Services; Refugee Council; Water Aid; Prison Fellowship; Christian Aid & Mercy Ships by regular monthly payments
Regular contributions were also made to the RCCG UK central office, Regions and Areas

THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR’S PARISH

Charity Registration No: 1148007

STATEMENT OF TRUSTEES' RESPONSIBILITIES

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

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which gives 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 the 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 judgement and estimates that are reasonable and prudent;
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The trustees recognise their responsibilities to keep 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 Charity Act 2011.They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The appended financial statements have been prepared on the accrual basis and have been examined by an independent examiner, whose report is also appended.

Approved by the Trustees and signed on their behalf by:

Name:

Signature:

Position:

Date:

THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR’S PARISH

Charity Registration No: 1148007

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR’S PARAISH

I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2022 which is set out on pages 8 —12.

RESPONSIBILITIES AND BASIS OF REPORT

As the charity trustees of the Trust 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 Directives given by the Charity Commission under section 145(5)(b) of the Act.

INDEPENDENT EXAMINER'S STATEMENT

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by section 130 of the Act: or
the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set in the charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Abiola Akintunde, ACA AKA Compliance Limited 4 St Luke’s Place Hebburn NE31 1RR

THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR’S PARISH

Charity Registration No: 1148007

BALANCE SHEET AS AT YEAR ENDED 31 DECEMBER 2022

Approved by the Trustee and signed on their behalf by:

Name

Signature Position Date

THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR’S PARISH

Charity Registration No: 1148007

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR’S PARISH

Charity Registration No: 1148007

NOTES TO THE ACCOUNTS

1. ACCOUNTING POLICIES

a) The accounts are prepared under the historical cost convention and in accordance with applicable accounting standards. They follow best practice as set out in the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities.
b) Income and expenditure is accounted for on an accruals basis.
c) Fixed assets comprise furniture & fitting and motor Vehicle which have cost more than £200.Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value over their expected useful lives on the following bases:

Motor vehicle 25% reducing balance Equipment 25% straight line Computer Equipment 25% straight line Furniture and fittings 25% straight line Portakabin 10% reducing balance

THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No: 1148007 NOTES TO THE ACCOUNTS 2022 Unre5trirted Fund Restrirted fund 2021 Totsl Total 4 CHARITABLE EXPENDITURE Gift and Donations Travel and accomodatlon Welfare Evangellsm & Missions 1.751 1.527 1.751 1.527 230 498 3,396 7.570 6.930 IL076 6,930 11.076 2021 Total Unrestricted Fund Restrlcted fund Total 5 MANAGEMENT & GOVERNANCE COST Depreciation Expense Insurance Motor Expense Church Supplies and postage Rates and utilities Rents Repalrs and renuwals Telephone and Internet Licences and Permits Interest payable Payroll Honorarlum Tralnlng Professlonal fees 4.113 324 L255 1,255 1830 4.805 4,805 3,744 2LOCKJ 9,623 595 5.227 9.625 1.425 L724 21.oc 9,623 526 526 425 13.834 20.899 550 1.123 720 78.788 550 L123 720 1,724 40.871 li

THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No: 1148007 NOTES TO THE ACCOUNTS 6 TANGIBLE FIXEDASS Cost at l January 2022 Addition5 durin8 the year Disposals during the year At 31 December 2022 Computer Equlpment Fumltive & Flttlw Equlpment Vehlde p(*abIn Total 1783 520 11,524 32,885 6.883 L063 5,3ts) 3.303 ZPJ4 16.847 5.3CIJ 11.524 39.768 OepreclatloTh at l January 2022 Charged for the year Dlsposed of durlng the year At 31 Oe¢Èmber 2022 1567 6.Cfj7 18.547 3.572 1.325 2,2 12,(X6 1,325 6,613 24,891 Net Book Value At 31 December 2021 At 31 tknember 2022 1.303 998 227 7.350 4,841 3,975 5.457 14.337 4,911 14.876 2022 Unrestrlrted Fund Restrlrted fund Totsl 7 NET ASSET8Y FUND Tangible fixed assets Net current a55etS Long tem) liability 14.876 45,028 9,079 50.825 14.876 75,933 9,079 8L730 30,9)5 Prioryear comparative Unrestrlrted Fund Restrirted fund Totsl Tangible fixed asset5 Net current a55et5 Long term liability 14.337 29.091 11373 31.055 14.337 58.840 12,373 29,748 fKI,804 29.748 12