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2022-12-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD

HOUSE OF LOVE COVENTRY

REDEEMED CHRISTIAN CHURCH OF GOD

HOUSE OF LOVE, COVENTRY

TRUSTEE’S REPORT AND ANNUAL ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2022

Page

1

THE REDEEMED CHRISTIAN CHURCH OF GOD

HOUSE OF LOVE COVENTRY

Corporate Information 3
Board of Trustee’s Report 4
Independent Examiner’s Report 12
Statement of Financial Activities 13
Statement of Financial Position 14
Accounting Policies 15
Notes 16

2

Corporate Information

Charity Registered Number: 1150924

Board of Trustees

Mr Oladapo Awosokanre

Mr Abiodun Aderibigbe

Dr Adebola Ogunoiki

Registered Office

82, Riverpark Way, Northfield

Birmingham, B31 2GB

United Kingdom

Contact: Pastor Babatunde Kikiowo

Phone: +44(0)7877949077

Bankers:

Natwest Bank Plc, Coventry, CV1 1NE

Lloyds Bank Plc, Coventry, CV1 5RA

3

Board of Trustee’s Report

OVERVIEW

The Trustees hereby submit their report and Annual Account Statement for the year ended 31st December 2022.

Aims & Objectives:

The main objectives of the Redeemed Christian Church of God, House of Love, Coventry are:

b) Providing a serviceable place for Christian principles and practices to be taught, developed within the local community and the neighbourhood it serves.

Being a Christian faith-based organisation, we offer various charitable services and facilities to all members and to the community at large where reasonably and practicable possible.

For effective administration and discharge of its Objects as a Charity organisation, the Trustees (inaugurated in June 2013) work as a team with the Church leaders to provide strategic support required for the Church to efficiently manage its various inlet and outlet services to the members, the Canley Community, its neighbourhood and the Warwick University students.

The services already being provided by the Church include:

  1. Advancement of the Christian faith through regular weekly services held at a designated place to teach, encourage, empower and enlighten members of their Christian faith and godly principles, moral standards and living.

  2. Meet with the local community once a month to identify issues and create forum to address matters that foster communal growth and social / welfare development.

  3. Publish and distribute information on leaflets for faith and moral growth.

  4. Provide networking opportunities and facilitate social outings for children and the youth groups.

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Board of Trustee’s Report

  1. Support new arriving students to settle easily and cost effectively with

  2. less stress.

  3. Work with existing Christian organisations, social networking groups and welfare organisations to foster family cohesiveness and improve communal living standards.

Structure, Governance & Management – Statement of Trustee’s Responsibilities

In order to ensure good practice and accountability, the Trustees have written, adapted and adopted various working policies, practices and guidelines which now constitute the charity’s Governing document to guide the person(s) responsible for managing the week-to-week activities within the confines of the Laws and Acts of United Kingdom.

These working / governing document includes,

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Board of Trustee’s Report

Other measures by which the Trustees manage the Trust and ensure effective use of resources for the Church Object and accountability include the use of the following evaluation and control tools:

The Trustees:

1. Membership:

Trustees are appointed under the terms of the trust deed. New Trustees are given induction on appointment, explaining the overview objectives of the charity and the requirements of the Charity Commission. During the financial year, two additional members were appointed to the board.

2. Meetings:

The trustees held one board meeting within the financial year of this report. The Board of Trustees’ meeting held the 15[th] Board of Trustees Meeting on 21[st] of July 2019. The Board of Trustees developed an action plan for the Church on the current status of the church with respect to the members and students as well as plans to increase membership and the financial sustainability of the church.

3. Powers of Trustees

Subject to the Articles, the Act, governing document and any additional directions given by the Church, the Trust will continue to be managed by the Board of Trustees in conjunction with the Church leadership, and may exercise all the powers of the Trust Deed, whether relating to the management of the Charity or not. It may also hold extra-ordinary meetings and resolve issues through ordinary or special resolutions.

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Board of Trustee’s Report

Public Benefit Statement:

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charities and Public Benefit".

Achievements and Performance:

The year 2022 was a very demanding, with the cost-of-living crisis at its peak. The church greatly supported parishioners in the Canley community and beyond.

Specifically, the following programmes were held in 2022.

  1. January- March 2022 – RCCG Fasting and Prayer

  2. March 20th 2022 – Mother's Day Celebration

  3. April 2022- Easter 2022 and Ordained Ministers Conference

  4. May 29th 2022 – Children's Weekend Celebration Service

  5. June 12[th] Elders and Older People Programme (Daddy Clarkes 80[th] Birthday)

  6. June 19th 2022 – Father’s Day Special Service

  7. June 17th 2022, Send forth Service for Uni Students

  8. July 2022 – 1st to 7th Fasting Week

  9. August 29[th] 2022- Church Barbeque Outreach in Canley

  10. 10.September – 1st to 7[th] September 2022 Fasting Week

  11. September 9[th] 2022 – RCCG Regional Pastor Visit

  12. September 2022 University Outreach every Saturday

  13. November 20[th] 2022 – Area Pastor Church Visit

  14. October 29th 2022- nGage 3.0 Networking Outreach Event

  15. December 10[th] – Christmas Carol/End of Year Celebration plus Christmas Lunch Outreach

We continue to support the Church members during the cost-of-living crisis by providing pastoral support during this challenging time practical support, and, in some cases, financial support.

The Church also supported families with children by providing pastoral support. The Church continued using our premium zoom account to have regular group sessions

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Board of Trustee’s Report

with children, including games, Sunday school, Bible competitions. This was very beneficial as it helped families in times of need or social exclusion.

Investments: The Church made investments in the equipment by obtaining

Charity Donations: We supported Coventry Food Bank with £250 as the Board of

Trustees approved. As expected for her charitable duties, the Church provides welfare assistance to its members and the community, including Christmas Lunch for vulnerable residents in the Canley locality.

The Church Outreach Programmes: The Church conducted a program for the older adults in the community to foster a sense of belonging.

Appointment of Evangelism Coordinator who designed new Evangelism outreaches monthly. We invested in outreach cards and Regular Banners.

We supported Christmas Lunch outreach.

Bibles were purchased and distributed to people who needed and /or could not afford.

Youth fellowships commenced every other/alternate Thursday.

Challenges: Our Teenage church was previously hosted in the youth room at Xcel Leisure Centre. We lost this venue and have not been able to find another place to use.

Growth: The Church grew by God to a total of Seventy souls.

Expenditure: The House of Love has paid all her bills for the year 2022 (Rent, Subscriptions, WEM Payments, and COF Payments).

Xcel Leisure Centre increased the hourly rate from £15 to £30, but we negotiated it back to £25 per hour.

8

Board of Trustee’s Report

The Future Plan & Development

The plan of the Church is to secure its own permanent property within the Canley locality. This it believes would allow the church to be more supportive to the community in terms of social, educational, and spiritual development. And this will allow the church to execute the following key areas of its long-term plans which includes

  1. To support the community with a Crèche facility for children.

  2. For the Church to have a place of its own with facilities for administration, Church service, training, and community Centre.

  3. To provide a secure place for the Church equipment (assets).

  4. To provide a Centre for training/workshops and learning to equip members and the community academically, socially, and professionally.

To engage the Church departments in addressing planned programmes including welfare and social development and planning for subsequent years.

To provide additional support and trainings to help departmental heads, volunteers and staff in conforming to best practices and adhering to Charity Commission’s requirements.

To engage more proactively in community focused activities and social interaction.

Financial Report:

At the end of the fiscal year (31st December 2022), total income received from donations and legacies were of £37,790 (2021: £23,936). Income includes the amount of £4,812 being estimated towards gift aid receivables. Total expenditure was £28,531 (2021: £16,059), giving an operating surplus of £9,259 (2021: £7,876). Cash in hand and bank amounted to £72,080 (2021: £68,164).

The Charity is aware of the need to have a documentary policy in place regarding reserves. This is currently under review by the Trustees.

9

Board of Trustee’s Report

The Trustees are responsible for preparing the annual review in accordance with the applicable law and regulations. Our responsibility is to report the consistency of summarized financial statements within the annual review with the full financial statements and the Trustees’ report.

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Church’s transactions and disclose with reasonable accuracy at any time the financial position of the Church and enable them to ensure that the financial statements comply with the Charity Commission standard.

The Trustees are also responsible for the safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

10

Board of Trustee’s Report

Responsibility Statement:

We confirm that to the best of our knowledge,

Our report has been prepared pursuant to the requirements of the Charities Act 1993 and for no other purpose. No person is entitled to rely on this report unless you have been expressly authorized to do so by our prior written consent.

We do not accept responsibility for this report for any other purpose and we hereby expressly disclaim any and such liability.

This report was approved by the Board of Trustees on 31st October 2023

Signed:

Full Name: Oladapo Awosokanre Position: Board of Trustee Chairperson Date: 31st October 2023

11

Independent Examiner’s Report

Report to the trustees/members of: The Redeemed Christian Church of God, House of Love, Coventry. On accounts for the year ended: 31st December 2022, set out on pages 13 - 16

Charity No: 1150924

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

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

Signed: Date: 31st October 2023

Name: Tobi Labeodan, for and on behalf of Chedders Ltd

Relevant professional qualification(s) or body (if any): ACCA

Address: Ground Floor, Synium House, r/o 94-96 High Street, Henley in Arden B95 5FY

12

Statement of Financial Activities: Year Ended 31st December 2022

Notes
Income:
Donations and legacies
1
Other income (Grants)
1
Total Income
Total Income
Expenditures on:
Charitable Activities
2
Other Charitable Activities
2
Other Costs
2
Total Expenditures
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Gains/(losses) on investment assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward at 1 January 2022
Total funds carried forward at 31 December 2022		 2022
2022
2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
32,979
32,979
4,812
-
4,812
37,790
-
37,790
37,790
-
37,790
17,222
-
17,222
8,534
-
8,534
2,775
-
2,775
28,531
-
28,531
9,259
-
9,259
-
-
9,259
-
9,259
50,199
28,130
78,329
59,458
28,130
87,588		 2021
2021
2021
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
20,888
-
20,888
3,048
-
3,048
23,936
-
23,936
23,936
-
23,936
10,547
-
10,547
4,987
-
4,987
525
-
525
16,059
-
16,059
7,876
-
7,876
-
-
7,876
-
7,876
42,322
28,130
70,452
50,199
28,130
78,329

13

Statement of Financial Position as of 31st December 2022

Notes
Fixed Asset
Tangible assets
3
Total Fixed Asset
Current Assets
Loans & Advances
Accrued Income
Cash at bank and in hand
Other Debtors
Total Current Assets
Creditors: amounts falling due within one year
Other Creditors
Other Current Liabilities
Total Creditors: amounts falling due within one year
Net current assets (liabilities)
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Other Non-Current Liabilities
Total Creditors: amounts falling due after more than one year
Total net assets (liabilities)
The funds of the charity:
Restricted Reserve
General reserves
Surplus/(Deficit) for the year
Total charity funds		 2022
£
2,430
2,430
13,954
72,080
-
86,034
875
875
85,159
87,588
-
87,588
28,130
50,199
9,259
87,588		 2021
£
1,898
1,898
9,143
68,164
-
77,306
875
875
76,431
78,329
-
78,329
28,130
42,322
7,876
78,329

Accounting Policies

Scope and Basis of the Financial Statements

The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities published in March 2005.

Income

Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.

Expenses

Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fixed assets

Fixed assets with an individual purchase of £300 or more are capitalised and stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

Fixtures and fittings 20%
Equipment 20%
Vehicles 20%
Building 2%

15

Notes

1. Income

Income
Donations and legacies
Restricted Income
Total donations & legacies
Other income
Gift Aid Receipts
Other income
Total other income
Total Income
2.
Expenditures
Charitable Activities
Premises
Utilities
Travel
Motoring & Transportation
Insurance
Administration
Advertising
Operations
Finance Charges
Depreciation
Honorarium
Total Charitable Activities
Other Charitable Activities
Outreach
Central Office
Welfare & Benevolence
Charitable Donations
Total Other Charitable Activities
Other Costs
Professional fees and services
Other costs
Legal fees
Accountancy fees
Total Other Costs		 2022
£
32,979
-
32,979
4,812
4,812		 2021
£
20,888
-
20,888
3,048
3,048
37,790
2022
£
3,490
1,419
238
554
1,899
6,996
425
2,200
17,222
2,486
4,581
67
1,400
8,534
2,250
525
2,775
23,936
2021
£
2,426
785
-
936
711
4,771
68
850
10,547
-
4,737
-
250
4,987
-
525
525

16

Notes

3. Tangible Assets

Cost
At 1 January 2022
Additions
Disposals
Revaluations
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
Adjustments
At 31 December 2022
Net Book Value
At 1 January 2022
At 31 December 2022		 Motor
Vehicle
£
-
-
-
-		 Sound &
Musical
Equipment
£
559
957
-
-
1,516
28
144
-
172
531
1,344		 Computer
& IT
Equipment
£
1,407
1,407
40
281
-
322
1,367
1,085		 Total
£
1,966
957
-
-
2,923
68
425
-
493
1,898
2,430

4. Related Party Transactions

During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 3 under Central Office and Charitable Giving.

5. Trustee Remuneration & Expenses

During the year, there were not payments or reimbursement of expenses to trustee members.

6. Staff cost and numbers

No employee received remuneration amounting to more than £60,000 in the year

17