2023-12-31-accounts - Redeemed Christian Church Of God, Glory Of God Parish Exeter

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REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements

Legal and administrative information

Status

Registered charitable organisation since 14 January 2013

Trustees and Management committee

Parish Pastor : Pastor Samuel Oluwafemi Odewunmi

Trustees:

Mr Olagoke Faromika (Member) Mr Emmanuel Abayomi (Chairman) Mrs Ngozi Afebu (Secretary)

Registered charity number

1150483

Contact address & Charity Operations address

Wonford Community & Learning Centre Wonford Community Hall Wonford District Centre Burnthouse Lane EXETER EX2 6NF email: info@rccgexeter.org

Bankers

HSBC Bank

Accountants

AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA

REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements Trustees Report for the year ended 31 December 2023

The trustees present its report and financial statement for the period.

Background to Church’s Activities in 2023:

The broad aim of the charity is to spread the gospel of Jesus Christ to the nations of the world and also ameliorate poverty. In line with this, Glory of God parish was able to organise periodic missions’ activities by organising the volunteers and members of RCCG Glory of God Parish Exeter to distribute Christian literatures on the streets of Exeter.

Also, the church was also able to vote a significant percentage of its income to world missionary agency to aid the spread of the gospel of our Lord and Saviour Jesus Christ.

Furthermore, occasionally the church also gives to the indigent to ameliorate poverty in line with the stated aim of the church.

On operational basis, the church meets twice every week: Wednesdays and Sundays to organise prayer meetings and teaching of the word of God to the members of the congregation.

It is also noteworthy that RCCG Glory of God Parish Exeter also organises tea and coffee and light refreshments for the parishioners on Sundays and some members of the community comes to help themselves occasionally.

Regarding church building, we made offers to two buildings that were put for sale in the year but Exeter City Council did not approve the sale of the building owing to reasons such as flooding and not being in a good area.

In the month of December 2023, the church distributed gifts to all the children in the church as Christmas presents, and also made charitable donation to St. Petrocks Homeless Charity in Exeter.

Finances of the church

From the audited financial statement attached to this report; the church has improved massively in its income generation potentials. There is a massive improvement in its income compared to the year 2022. This is owing to the grace of God on the life of the parishioners as they are able to give more towards God’s works, the gift aid contribution from the HMRC and also fiscal discipline of the board of trustees.

Goals of the Church

In order to consolidate on the growth that has been recorded in the previous years; the church aims at acquiring a permanent place of worship as most assets of the church (especially the musical instruments) are depreciating fast as the church have to unpack all the instruments of the church after each service.

Secondly, efforts are being made to secure a minibus to convey some parishioners to the church and to aid the accomplishment of the stated objectives of the church.

The church is also praying and holding strategic meeting on how to reach the community of Exeter for the glory of God. Various evangelism strategies are being currently debated and considered. Lastly, the church is prayerfully considering opening another branch in a nearby location where one of the ministers in the church could be sent as the parish pastor.

Name of Trustees of the Church and Parish Pastor Parish Pastor : Pastor Samuel Oluwafemi Odewunmi

Trustees

Mr Olagoke Faromika (Member) Mr Emmanuel Abayomi (Chairman) Mrs Ngozi Afebu (Secretary)

REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements

Trustees Report for the year ended 31 December 2023 continued…

Responsibilities and basis of preparation of the report

The trustees who are also the management committee of the charity are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the Board of Trustees

……………………………….

Date ……………………………….

Mrs Ngozi Afebu Secretary

REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements

Independent Examiner's report to the Trustees

Year Ended 31 December 2023

I report to the trustees on my examination of the accounts of the above charity for the above period.

Responsibilities and basis of report:

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.

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 which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out 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.

Alhassan Bangura FCCA AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA

Date.....................................................

REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 December 2023

Notes Incoming resources: Voluntary income 1 Gift aid claims receipt Bank Interest Received Total Incoming resources Resources expended 4 Total resources expended Net surplus/ (deficit) for the year Opening funds Closing funds	General Funds £ 73,162 15,242 1,989 90,393 37,671 37,671 52,722 126,185 178,907	Total Funds 2023 £ 73,162 15,242 1,989 90,393 37,671 37,671 52,722 126,185 178,907	Total Funds 2022 £ 68,997 11,017 -
			80,014
			26,066
			26,066
			53,948 72,237
			126,185

REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements Balance Sheet as at 31 December 2023

Fixed assets Furniture & Fittings Equipment Net current assets Cash at Bank and in Hand Current liabilities Net Assets REPRESENTED BY: Charity Funds	Notes 2 3	£ 226 4,234 175,017 175,017 (570) 2023	£ 4,460 174,447 178,907 178,907 178,907		2022 £ 283 3,519
				3,802 122,923
				122,923 (540)
				122,383
				126,185
				126,185
				126,185

Signed on behalf of the Board of Trustees

………………………………. Mrs Ngozi Afebu Secretary

Date ……………………………….

REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements Notes forming part of the financial statements for the year ended 31 December 2023

1. Accounting policies

a) The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

b) Voluntary income is received by the way of donations towards religious commitments by worshippers. Donations received is included in full in the Statement of Financial Activities in the year in which they are received.

Nursery Equipment 20%

c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

Furniture & Fittings 20%
Equipment 20%

e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds.

f) Restricted funds are to be used for specific purposes as laid down by the donor.

2. Tangible Fixed Assets Cost: As at 1 January 2023 Addition As at 31 December 2023 Depreciation: As at 1 January 2023 Charge As at 31 December 2023 Net Book Value: As at 31 December 2023 As at 1 January 2023	Furniture & Fittings £ 1,140 - 1,140 857 57 914 226 283	Equipment £ 7,207 1,773 8,980 3,688 1,058 4,746 4,234 3,519	Total £ 8,347 1,773
			10,120
			4,545 1,115
			5,660
			4,460
			3,802

REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements Notes forming part of the financial statements for the year ended 31 December 2023

3. Current Liabilities Accruals 4. Total Resources Expended Central Office Fund Donations, Welfare & Honorarium Conferences, Events & Outreach Cost Training & Development Hall Hire Telephone & Internet Bank Charges & Interest Subscriptions & Licences Legal & Professional Fees Accountancy Fees Insurances Sundry Expenses Depreciation Total	2023 £ 570 570 2023 Total £ 7,613 10,078 10,603 1,200 5,698 252 99 223 - 570 220 - 1,115 37,671	2022 £ 450
		450
		2022 Total £ 6,702 9,013 3,028 - 4,059 235 95 213 300 540 173 757 951
		26,066

Registered Charity No: 1150483

REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER

Reports and Financial Statements Year ended: 31 December 2023

AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA

REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements Contents

Page No
1	Legal & Administrative Information
2-3	Trustee's Report
4	Independent Examiner's Report
5	Statement of Financial Activities
6	Balance Sheet
7-8	Notes forming part of the financial statements