THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY
Charity Reg. No: 1152473
TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022
THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY Reports and Accounts for the period ended 31 December 2022
CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES 1152473
THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY Reports and Accounts
| CONTENTS | |
|---|---|
| Charity Information | 1 |
| Trustees annual report | 2-5 |
| Independent Examiners Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to Accounts | 9-11 |
THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY Charity Information
General Overseer
Pastor E. A. Adeboye
Trustees
Miss Amidatu Chantal Shola Mustapha Mr Bernard Chiedu Etuokwu Miss Uwomano Naomi Okupa- resigned during the year
Minister In Charge
Pastor Mrs Florence Enughwure
Charity Registration No:
1152473
Registered Address
19 Collins Way Erith Kent DA8 2FN
Bankers
Barclays Bank Plc Leicester Branch Leicester Branch LE87 2BB
Accountants
Toda Consult 19 York Road Northfleet Kent DA11 9PU
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THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY
TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2022
The Trustees submit their annual report and the financial statements of The Redeemed Christian Church of GodJesus Family (the church) for the year ended 31 Decenber 2022. The Trustees confirm that the annual report and financial statements of the church comply with current statutory requirements, the requirements of the church's governing documents and the provisions of the Statement of Recommended Practise (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 20 September 2012 and has a registered charity no 1152473
b. METHOD OF APPOINTMENT OR ELECTION OF DIRECTORS/TRUSTEES
The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES
The induction process for a newly appointed member of the Trustees comprises an initial meeting with 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 directors/ trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the trustees.
e. RELATED PARTY RELATIONSHIPS
RCCG Jesus Assembly 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 church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate our exposure to the major risks.
Objectives and Activities
a. POLICIES AND OBJECTIVES
The objects of the Charity are:
-
The advancement of the Christian faith worldwide; and
-
The relief of poverty
b. STRATEGIES FOR ACHIEVING OBJECTIVES
The church has adopted the following strategies for achieving the above objectives:
- organising seminars and conferences in the church with proven speakers and ministers of the faith to guide members in the various aspects of the christian faith; and
*support for other charities and Christian events.
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C. ACTIVITIES FOR ACHIEVING OBJECTIVES
*Community Outreach Events
*Confrences and events
*Welfare support to members and general public, and
*Various missionary activities
The Charity was involved in the following public benefit efforts:
-
Organising Sunday and midweek teaching of Christian principles for community members who wish to improve on Christian faith,
-
Organised Christmas party for the community
-
Organise confrences and seminars, which is open to all members of public free of charge
d. GRANT MAKING POLICIES
Under the Common Purposes Agreement (see above), RCCG Jesus Family has agreed to make contributions to RCCG (UK). In addition, the church supports missionary organisations such as Festival of Life and World Evangelism Mission. The church also provides support to members of the congregation who are in need. This is done at the discretion of the trustees.
e. VOLUNTEERS
The church is grateful for the efforts of its volunteers who are involved in service provision, it is estimated that over 600 volunteer hours were provided during the year. If this is conservatively valued at £10.00 an hour the volunteers' efforts amounts to over £6,000.00
b. INVESTMENT POLICY AND PERFORMANCE
The Trustees have decided that at present, funds should be retained in Banks and Building Societies. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.
FINANCIAL REVIEW
The charity's financial statement for the year ended 31 December 2022 shows a net increase in fund of £3,409 (2021: £24,111 increase).
The value of the charity's net assets at 31 December 2022 was a surplus of £44,830 (2021:a surplus of £45,180)
a. RESERVES POLICY
Reserves Policy
The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.
b. PRINCIPAL FUNDING
This is provided mainly through voluntary giving of tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.
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REVIEW OF ACTIVITIES AND FUTURE DEVELOPMENTS :
The Board of Trustees is chaired by Mr Bernard Etuokwu, with Miss Sola Chantel Oyewole, as trustee members. RCCG Jesus Family continues to be governed by committed trustees who have provided advisory services to Jesus Family, a parish of the Redeemed Christian Church of God, UK.
Post-COVID this year 2022 has been less turbulent for the parish. In terms of church attendance, we have seen a steady rise in number and increased hunger and commitment among the young adults, a few of whom are now being developed spiritually and prepared for leadership roles within the church.
Our online activities have become a vital part of our worship expression as we have retained our early morning prayer time and end-of-the-month nights of prayer via Zoom. Attendance in these activities is steadily rising and members are faithfully participating.
Online Sunday services on Facebook and Zoom are no longer held as the church now meets face-to-face at the Link Thamesmead, on Sundays and the Bible study and Friday prayer meeting are now held at the Village Hall in Broadwater Village Hall, also in Thamesmead.
We have continued to engage our children and teenagers providing them with up-to-date teachings and support to enable them navigate the challenges and adventures of the 21st century and be good citizens of the world.
This year we have supported more families facing financial hardship within the limits of our resources. We have supported families with items of clothing, food, furniture and school materials including pens, notebooks etc.
We will continue to maintain our partnership with Compassion UK in sponsoring less privileged children all over the world. Jesus Family has continued to sponsor several young Indian girls over the years into education, giving them opportunities they would not otherwise have had if not for our support to become confident young women of tomorrow.
We will continue to explore more ways of raising Jesus' family profile in the community by organising conferences, hosting and participating in evangelism outreaches within the community and supporting various initiatives aimed at promoting the Christian faith in and around our borough."
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Trustees' Responsibilities in Relation to the Financial Statements
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and regulations.
The Charities Act 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 surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are required to:
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a) Select suitable accounting policies and apply them consistently;
-
b) Make judgements and estimates that are reasonable and prudent;
c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
- d) 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, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the Board of Trustees and signed on their behalf by:
Signature: Mr Bernard Etuokwu
Name: Mr Bernard Etuokwu
Date: 16-Oct-23
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THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY
I report on the accounts of the Trust for the period ended 31 December 2022, which are set out on pages 7 to 11.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER
As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the General Directions given by the Charity 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:
-
Which gives me reasonable cause to believe that any material respect the requirements:
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to keep accounting records in accordance with section 41 of the Act, and
-
to prepare accounts which accord with the accounting records and to comply with
Have not been met: or
- To which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.
O G AGBOLA
Toda Consult 19 York Road Northfleet Kent DA11 9PU
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THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY Statement of Financial Activities for the year ended 31 December 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total | Total | |
| £ | £ | £ | £ | ||
| Incoming Resources | |||||
| Incoming resources from generated funds: | |||||
| Voluntary income:donations | 2 | 29,992 | - | 29,992 | 40,717 |
| Other Income | 3 | 3,149 | 3,149 | - | |
| - | - | - | - | ||
| Total Incoming Resources | 33,141 | - | 33,141 | 40,717 | |
| Resources Expended | |||||
| Charitable activities | 4 | 29,145 | - | 29,145 | 16,142 |
| Governance costs: | 5 | 587 | - | 587 | 464 |
| Total Resources expended | 29,732 | - | 29,732 | 16,606 | |
| Net Incoming/(Outgoing) Resources for the year | 3,409 | - | 3,409 | 24,111 | |
| Total funds at 1 January 2022 | 41,421 | - | 41,421 | 17,310 | |
| Transfer between funds | - | - | - | - | |
| Total funds at at 31 December 2022 | 7 | 44,830 | - | 44,830 | 41,421 |
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
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THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY Balance sheet as at 31 December 2022
| Notes FIXED ASSETS Tangible Fixed Assets 8 CURRENT ASSETS Cash in Hand/ Bank CREDITORS: 9 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS ACCUMULATED FUNDS Restricted 12 Unrestricted 12.1 TOTAL FUNDS Amount falling due within a year |
£ 43,545 |
2022 £ 1,535 1,535 (250) 43,295 44,830 44,830 - 44,830 44,830 |
2021 £ 973 |
|---|---|---|---|
| 973 40,698 |
|||
| 43,545 | 40,698 (250) 40,448 |
||
| 41,421 | |||
| 41,421 | |||
| - 41,421 |
|||
| 41,421 |
a) For the year ending 31 December 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
b) The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
c) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
Approved by the Trustees and Signed on their behalf:
Signature: Mr Bernard Etuokwu Name: Mr Bernard Etuokwu Date: 16-Oct-23
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THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS FAMILY Notes to the financial statements for the period ended 31 December 2022
ACCOUNTING POLICIES
1.1 Basis of preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for smaller Entities (effective January 2007).The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" published in March 2005 and applicable accounting standards.
1.2 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Church for particular purposes. The cost of raising and administring such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts.
1.3 Incoming resources
These are recognised in full in the Statement of Financial Activities in the period in which they are received Included are income from tithes, offerings, gift aid and interest received during the year from investments and accounted for as restricted or unrestricted-funds.
| 2. Voluntary Income: Donations Tithes & Offerings Gift Aid 3. Other income Charities Trust |
2022 £ 29,992 - 29,992 2022 £ 3,149 3,149 |
2021 £ 32,904 7,813 |
|---|---|---|
| 40,717 | ||
| 2021 £ - |
||
| - |
4.CHARITABLE ACTIVITIES- (Direct charitable expenditure Unrestricted)
This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.
| World Evangelical Mission Central Office RCCG- Province and Area expenses Charity donations Welfare expenses Publicity Community outreach Visiting speakers expenses Music Expenses Compassion UK Travels for conferences Insurance Rent & Rates Telephone & fax & internet Church events Religious Books Admin expenses JFYCD expenses |
2022 £ 5,635 1,000 2,240 2,568 3,302 552 869 200 - 336 176 227 8,324 1,377 1,588 - - 752 29,145 |
2021 £ 4,758 900 410 1,600 717 1,000 - 2,400 450 336 1,961 254 1,020 144 - 130 62 - |
|---|---|---|
| 16,142 |
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5. GOVERNANCE COSTS
| Legal & professional fees Depreciation 5.1 NET MOVEMENT IN FUNDS FOR THE YEAR The net movement in funds for the year is stated after charging Depreciation of tangible fixed assets Legal & Professional fees |
2022 £ 250 337 587 2022 £ 337 250 587 |
2021 £ 250 214 |
|---|---|---|
| 464 | ||
| 2021 £ 214 250 |
||
| 464 |
6.DEPRECIATION
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Church & office equipment 7. FUNDS At 1 January Surplus/(Deficit) for the year At 31 December |
18% reducing balance Unrestricted Restricted Total Total Funds Funds Funds Funds 2022 2021 £ £ £ £ 41,421 - 41,421 17,310 3,409 - 3,409 24,111 |
|---|---|
| 44,830 - 44,830 41,421 |
8. FIXED ASSETS
| Cost At 1 January 2022 Additions At 31 December 2022 Depreciation At 1 January 2022 Charge for the year At 31 December 2022 Net Book Value At 31 December 2022 At 31 December 2021 |
Office Equipment Furniture, Fixtures & instruments Motor Vehicle Total £ £ £ £ 7,000 7,500 5200 19,700 899 - - 899 |
|---|---|
| 7,899 7,500 5,200 20,599 |
|
| 6,532 6,995 5,200 18,727 246 91 - 337 |
|
| 6,778 7,086 5,200 19,064 |
|
| 1,121 414 - 1,535 |
|
| 468 505 - 973 |
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9.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| :AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| Accruals | 2022 £ 250 250 |
2021 £ 250 |
| 250 |
10. UNRESTRICTED FUNDS
These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.
10.1 RESTRICTED FUNDS
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.
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