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2024-08-31-accounts

Charity No 1149108

REDEEMED CHRISTAIN CHURCH OF GOD

(RCCG) Peace House Parish

Financial Statement For The Period

1st September 2023 to 31st August 2024

Prepared by DTT Consultancy Ltd

RCCG PEACE HOUSE PARISH

TRUSTEES' REPORTS FOR THE YEAR ENDED 31st August 2024

The Trustees present their annual report together with the financial statements of The RCCG Peace House Parish (the charity) for the ended 31st August 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 trust deed dated 3rd July 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

Peac House Parish 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.

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RCCG PEACE HOUSE PARISH

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31st August 2024

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The objectives of the church are:

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

benefit and in particular its supplementary public guidance on the advancement of religion for the public

b. STRATEGIES FOR ACHIEVING OBJECTIVES

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

and provision of care and support for the needy as appropriate;

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The main activities of the church are as follows:

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.

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RCCG PEACE HOUSE PARISH

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31st August 2024

ACHIEVEMENTS AND PERFORMANCE

REVIEW OF ACTIVITIES

The church undertook the following activities:

FINANCIAL REVIEW

Members of the church have been generous this year. The statement of the financial activities shows net asset stand at £37,759 against the last year amount of £28,096.

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.

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RCCG PEACE HOUSE PARISH

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31st August 2024

PLANS FOR THE FUTURE

FUTURE DEVELOPMENTS

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:

explained in the financial statements.

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 24th June 2025 and signed on their behalf, by:

Pastor Afolabi Olanrewaju

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RCCG PEACE HOUSE PARISH

INDEPENDENT EXAMINNERS REPORT FOR THE PERIOD 1 September 2023 to 31 August 2024

I report on the financial statements of RCCG Peace House Parish for the year ended 31 August 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 given by the accounts.

Independent examiner's statement

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

Tunji Ogedengbe 36 Daffodil Close Hatfield AL10 9FF

24th June 2025

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----- Start of picture text -----
RCCG Peace House Parish
Annual accounts for the period 1149108
RCCG Peace House
Period start date To
Parish 1st Sept 2023 Period end date 31st Aug 2024
Section A Statement of financial activities
Recommended categories Details of own Unrestricted Restricted Endowment
by activity analysis funds income funds funds Total this year Total last year
£ £ £ £ £
Incoming resources (Note 3) F01 F02 F03 F04 F05
Incoming resources from
generated funds - - - - -
Voluntary income S01 43,137 - - 43,137 26,126
Activities for generating funds S02 - - - - -
Investment income S03 - - - - -
Incoming resources from
charitable activities S04 - - - - -
Other incoming resources S05 - - - - -
Total incoming resources S06 43,137 - - 43,137 26,126
Resources expended (Notes 4-8)
Costs of Generating Funds - - - - -
Costs of generating voluntary
income S07 28,369 - - 28,369 2,935
Fundraising trading costs S08 - - - - -
Investment management costs S09 - - - - -
Charitable activities S10 5,105 - - 5,105 3,714
Governance costs S11 - - - - -
Other resources expended S12 - - - - -
Total resources expended S13 33,474 - - 33,474 6,649
Net incoming/(outgoing) resources before
transfers S14 9,663 - - 9,663 19,477
Gross transfers between funds S15 - - - - -
Net incoming/(outgoing) resources before other
recognised gains/(losses) S16 9,663 - - 9,663 19,477
Other recognised gains/(losses)
Gains and losses on revaluation of fixed assets for
S17 - - - - -
Prior year adjustment S18 - - - - -
Net movement in funds S19 9,663 - - 9,663 19,477
Total funds brought forward S20 28,096 - - 28,096 8,619
Total funds carried forward S21 37,759 - - 37,759 28,096
Note
----- End of picture text -----

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RCCG - Peace House Parish


Section B Balance sheet as at 31st August 2024
Section B Balance sheet as at 31st August 2024
Section B Balance sheet as at 31st August 2024
Fixed assets
Tangible assets (Note 9)
Investments (Note 10)
Total fixed assets
Current assets
Stock and work in progress
Debtors (Note 11)
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within one
year (Note 12)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after one
year (Note 13)
Provisions for liabilities and charges
Net assets
Funds of the Charity
Unrestricted funds
Restricted income funds (Note 14)
Endowment funds(Note 15)
Total funds
Signed by		 B01
B02
B03
B04
B05
B06
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this year Total last year
£
£
£
£
£
F01
F02
F03
F04
F05
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
19,000 - - 19,000 -
18,959 - - 18,959 28,296
37,959 - - 37,959 28,296
200 - - 200 200
37,759 - - 37,759 28,096
37,759 --37,759 28,096
- - - - -
- - - - -
37,759 - - 37,759 28,096
37,759
37,759 28,096
- -
-
- -
- - -
37,759 - - 37,759 28,096
-
Date of
approval
24/06/2025
Pastor Afolabi Olanrewaju
Print Name
Signature

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RCCG - Peace House Parish

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:

ü Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

[ except for the following]. _Give details in this box if a different standard has been followed.**_

· ·

** - 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

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

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Section C Notes to the accounts (cont)

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 related Where incoming resources have related expenditure (as with fundraising or contract income) the
expenditure 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 and Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which
gifts 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 facilities These are only included in incoming resources (with an equivalent amount in resources 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 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 or
conditions 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 no
performance conditions 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 by These are capitalised if they can be used for more than one year, and cost at least £500. They are
charity 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.

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RCCG - Peace House Parish

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.

Activities for generating funds
Investment income
Incoming resources from
charitable activities
Voluntary income		 This year
Last year
£
£
Tithes
43,137 26,126
Offering
- -
Total 43,137 26,126
- -
- -
- -
- -
- -
Total
- -
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total
- -
Analysis

Page 10

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Investment management
costs
Costs of generating
voluntary income
Fundraising trading costs
Governance costs
Charitable activities		 This year
Last year
£
£
15,146
1,870
329
126
-
125
300
-
60
-
596
-
344
-
4,508
-
688
-
890
-
958
-
561
-
688
-
1,232
339
250
100
1,578
-
242
250
-
125
28,369 2,935
- -
- -
- -
- -
- -
- -
- -
- -
-
- -
530
975
200
450
-
125
-
750
100
706
3,975
-
-
108
300
600
5,105 3,714
- -
- -
- -
- -
Multimedia
Building
Central office
Outreach
Total
Analysis
Total
Honorarium
Children
Choir
Rent
Stationery and Printing
Books
Professional fees
Travel
Total
Total
charity registration
Total
Donation
Area 2
Welfare
Conference
WEM
Evangelism
Telephone
Office expense
Motor Expense
Church equipment
Musical equipment
Utility
Training
Hospitality

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Section C Notes to the accounts (cont)

RCCG - Peace House Parish

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

----- Start of picture text -----
Fundraising activity Charitable Activity Governance Activity Total Cost
Support cost type £ £ £ £
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Total - - - -
----- End of picture text -----

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,

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).

Other fees (for example: advice, consultancy, accountancy services) paid to
the independent examiner or auditor		 This year
Last year
£
£
- -

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RCCG - Peace House Parish

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

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

Analysis of debtors Amounts falling due
one year		 Amounts falling due
one year		 within within Amounts falling due after
more than one year		 Amounts falling due after
more than one year		 Amounts falling due after
more than one year
This year Last year This year Last year
£ £ £ £
Trade debtors - - - -
Amounts due from subsidiary and associated undertakings - - - -
Other debtors 19,000 - - -
Prepayments and accrued income - -
Total 19,000 - - -

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
Amounts falling due within Amounts falling due after
one year more than one year
This year Last year This year Last year
£ £ £ £
Loans - -
Trade creditors - -
Amounts due to subsidiary and associated undertakings - -
Other creditors 200 200 - -
Accruals and deferred income - -
Total 200 200 - -

Notes

Accrued Income is the expected gift aid income

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