2023-08-31-accounts - The Redeemed Christian Church Of God, Jubilee Christian Centre Wolverhampton

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THE REDEEMED CHRISTIAN CHURCH OF GOD JUBILEE CHRISTIAN CENTRE (RCCG-JCC) WOLVERHAMPTON Charity Commission Number 1153212 Company Number 8615776 HMRC Charity Number EW09989

RCCGJCC WOLVERHAMPTON

Annual Reports and Accounts 01 Sep 2022 to 31 Aug 2023

1 RCCG-JCC Wolverhampton

Contents

Page Charity information .............................................................................................................................................................. 3 Board of Trustees’ report.................................................................................................................................................... 4 Independent Examiner’s report .......................................................................................................................................... 5 Statement of Financial Activities ......................................................................................................................................... 7 Balance Sheet ..................................................................................................................................................................... 8 Notes to the financial statements ........................................................................................................................................ 9

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Charity information

Board of Trustees

Dr Femi Obatomi, Chair Mrs Adebola Kehinde Dr Afua Adu-Boateng Dr Emeka Nnanna Ojijiagwo Mr Seyi Dennis Adeyemi

Pastor-in-charge

Pastor Olutoyin Kehinde

General Overseer

Pastor E. A. Adeboye

Enquiries

The Redeemed Christian Church of God – Jubilee Christian Centre (“RCCG – JCC”) Wolverhampton is a Charity Trust registered by the Charity Commission for England and Wales with registered number 1153212 and address. It is also a limited by guaranteed company with registered number 8615776 in England and Wales. The Charity is domiciled in England and Wales.

Registered address/Place of worship

114 Spring Road Ettingshall Wolverhampton West Midlands WV4 6JT

Accountants

TomFag LLP Chartered Certified Accountants & Registered Auditors 13 Marius Grove Fairfields Milton Keynes MK11 4DH

Solicitors

Wellers Solicitors Part of the Wellers Law Group Tweedy Road Tenison House Bromley Kent BR1 3NF

Bankers

Lloyds Bank Queen Square Wolverhampton WV1 1TF

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Board of Trustees’ report

Report of the Board of Trustees of the RCCG-JCC Wolverhampton Church

Objectives and Activities

The objectives of The Redeemed Christian Church of God Jubilee Christian Centre Wolverhampton (RCCG-JCCW) Church are: the advancement of the Christian faith worldwide in accordance with the doctrines set out in the Statement of Faith schedule of the Charity Trust Deed and the relief of poverty. RCCG-JCCW Church is a parish member of the Redeemed Christian Church of God worldwide. The Charity also engages in youth and community development activities in line with the England and Wales Charities Act 2006.

The Board of Trustees is committed to enabling people as possible to worship at the RCCG-JCCW Church and to become part of the Church’s community at Wolverhampton. The Board of Trustees maintains an overview of worship through the Church and makes suggestions on how the services can involve many groups that live within the community. RCCG-JCCW services and worship put Christian faith into practice through prayer, scripture, music, fasting, evangelism and ministration.

When planning the Church’s activities for the year, the Board of Trustees has considered the Charity Commission’s guidance on public benefits and the specific guidance on charities for the advancement of religion. We try to enable ordinary people to live out their faith as part of our Church community through:

Worship and prayer;
Learning about the Gospel;
Developing people’s knowledge, understanding and trust in Jesus;
Provision of pastoral care for people living in our community; and
Missionary, evangelism and outreach work.

Everyone is welcomed to worship with us during our weekly Wednesday and Sunday services. At present, there are average of 600 worshipers with average weekly Sunday Church attendance of over 450 people.

The Church activities during the period include:

Workers’ conference
Mother’s Day celebration
Easter celebration
Ordained Ministers conference
Festival of Life
Children's conference
Father’s Day celebration
Praise week celebration
Christmas Party
Evangelism
Youth conference
Anniversary conference
Sunday School Teachers conference
Drama conference
Safeguarding Sunday (in conjunction with CCPAS) for children and vulnerable adult
Monthly Drop-in Health Clinic
Annual Men's Conference
Annual Women's Conference
Annual Compassion Sunday in conjunction with Compassion UK
Career Talk (targeted groups of young people, graduating students and unemployed)

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Board of Trustees’ report

Financial Review

These are the annual report and statements of account of the Church showing total incoming resources of £407,888 (2022: £366,316) and total expended resources of £360,733 (2022: £224,874) with net movement of funds of £47,155 (2022: £141,442) carried forward to the next year.

Of the total incoming resources, £278,281 (2022: £213,156) is made up of tithes and offerings donated voluntarily by Charity members and other members of the public. These members are mostly UK taxpayers and they have indicated that the Charity can claim Gift Aid on their donations. A tithe is the 10% of the earnings of members which is voluntarily donated to the Charity. An offering is any other amount donated to the Charity voluntarily for the running of the affairs of the Charity.

There was a total reclaim of Gift Aid amount of £66,892 (2022: £80,813) from HM Revenue & Customs (HMRC) during the period. The Charity is funded entirely by the funds of the Trustees and the members as well as the special donations by members of the public. The net asset of the Charity as at end of the year was £480,476 (2022: £433,322) .

Reserves Policy

It is the Church’s policy to maintain a balance on unrestricted funds (if possible), which equates to at least three months unrestricted payments, equivalent to £10,000, to cover emergency situations that may arise from time to time. The balance in the Church savings bank account matches this target.

It is also in the Church’s policy to invest our funds balances in appropriate investment opportunities as determined and deemed necessary by the Board of Trustees.

Structure, Governance and Management

The names of the current Board of Trustees are shown on page 3. The Board of Trustees is responsible for the running of the affairs and the management of the funds of the Church. They meet regularly to discuss the affairs of the Church as well as the funds, donations and reports received from members and other key stakeholders of the Church.

The Board of Trustees met at least two times during the year with an average level of attendance of 80%. Given its wide responsibilities, the Board of Trustees has several departments each dealing with a particular aspect of the Church’s life. These departments which include Pastorate, Excellent Men, Good Women, Choir, Ushers, ICT, Workers, Children, Transport, Ignited Youth and Welfare, are all responsible to the Board of Trustees and report back to it regularly.

Statement of Trustees’ responsibilities

Charities law requires the Board of Trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the Charity and of the income and expenditure of the Charity for that period.

In preparing those financial statements, the Board of Trustees is required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable Statement of Recommended Practice (SORP) has been followed, subject to any material departures disclosed in the financial statements; and
prepare the financial statements on the going concern basis, unless it is inappropriate to presume that the Charity will continue its activities.

The Board of Trustees is responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Acts 1993 and 2006. The Board is 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.

Audit Exemption

The RCCG-JCCW Church is qualified for statutory audit exemption as its income for the year is below £500,000 and balance sheet total asset is less than £2.8m. Therefore, these financial statements are unaudited.

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Board of Trustees’ report

Policy and practice on payment of suppliers

The Charity follows “The Better Payment Practice Code” published by the Department of Trade and Industry, regarding the making of payments to suppliers. The Charity’s policy is to agree terms of payment with suppliers and these normally provide for settlement within 30 days after the date of the invoice, except where other arrangements have been negotiated. It is the policy of the Charity to abide by the agreed terms of payment, provided the supplier performs according to the terms of the contract. As the Charity owed no amounts to trade suppliers as at 31 August 2023, the number of days required to be shown in this report, to comply with the provisions of the Charities Act 2006, is nil.

For and on behalf of the RCCG-JCCW,

___ ___ Dr Femi Obatomi Date Chair, Borad of Trustee

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Independent Examiner’s report

Report of The Independent Examiner to The Board of Trustees of RCCG-JCCW Church

This report on the financial statements of the Board of Trustee for the year ended 31 August 2023, which are set out on the following accounts, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (‘the Regulations’) and s.43 of the Charities Act 1993 (‘The Act’).

Respective responsibilities of the Board of Trustees and the Independent Examiner

As members of the Board of Trustees you are responsible for the preparation of the financial statements; you consider that the audit requirement of Regulation 3(3) and section 43(2) of the Act do not apply. It is our responsibility to issue this report on those financial statements in accordance with the terms of Regulation 25.

Basis of Independent Examiner’s report

Our examination was carried out in accordance with the General Directions given by the Charity Commission under section 43(7)(b) of the Act and to be found in the Church guidance, 2006 edition. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. The examination of records and vouchers was on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. We planned and performed the Examination to obtain all the information and explanations necessary to provide sufficient evidence to give reasonable assurance that the financial statements are free of material misstatements, whether caused by fraud, or other irregularity or error.

The procedures undertaken do not provide all the evidence that would be required in an audit and the report is limited to those matters set out in the statement below. I do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In our opinion the financial statements give a true and fair view of the charity's state of affairs as at the 31[st] August 2023 and of its incoming resources and application of resources in the year then ended. In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting records in accordance with section 41 of the 1993 Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or

(2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.

TomFag LLP Chartered Certified Accountants & Registered Auditors

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Statement of Financial Activities (SoFA)

Income and Expenditure Statements for the period ended 31 August 2023

	Unrestricted	Restricted
Categories by activity	funds	funds	2023	2022
	£	£	£	£
Incoming resources (Note 3)
Incoming resources from
generated funds	-	-	-	-
Voluntary income	345,173	62,715	407,888	366,316
*Total incoming resources*	345,173	62,715	407,888	366,316
Resources expended (Notes 4-5)
Costs of Generating
Funds
Costs of generating
voluntary income	360,733	-	360,733	224,874
*Total resources expended*	360,733	-	360,733	224,874
*Net incoming/(outgoing) resources before*
*transfers*	(15,560)	62,715	47,155	141,442
*Net incoming/(outgoing) resources before other*
*recognised gains/(losses)*	(15,560)	62,715	47,155	141,442
*Net movement in funds*	(15,560)	62,715	47,155	141,442
Total funds brought forward	433,221	-	433,221	291,779
*Total funds carried forward*	417,661	62,715	480,376	433,221

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Balance Sheet 31 August 2023

	Unrestricted	Restricted
	funds	funds	2023	2022
	£	£	£	£
Fixed assets
Tangible assets (Note 6)	499,968	-	499,968	535,773
*Total fixed assets*	499,968	-	499,968	535,773
Current assets
Debtors	34,600		34,600	-
Cash at bank and in hand	76,585	-	76,585	16,817
*Total current assets*	111,185	-	111,185	16,817
Creditors: amounts falling due within one year	10,677	-	10,677	9,269
*Net current assets/(liabilities)*	100,508	-	100,508	7,548
*Total assets less current liabilities*	600,476	-	600,476	543,321
Creditors: amounts falling after one year	120,000	-	120,000	110,000
*Net assets*	480,476	-	480,476	433,321
Funds of the Charity
Trustee fund	100	-	100	100
Income fund	417,661	62,715	480,376	433,221
*Total funds*	417,761	62,715	480,476	433,321

In accordance with the England and Wales Charities Act 2006, the RCCG-JCCW is eligible for statutory audit exemption as its income for the year is below £500,000 and balance sheet total asset is less than £2.8m. Therefore, these financial statements are unaudited.

The Trustees acknowledge their responsibility for complying with the requirements of the Charities Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to Charities subject to the small Charities regime.

Signed by a member of the Board of Trustees on behalf of all the Trustees:

Dr Femi Obatomi	Date
Chair, Borad of Trustee

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Notes to the financial statements 31 August 2023

1. Basis of preparation

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:

Accounting and Reporting by Charities – Statement of Recommended Practice;
and with* ✓ Accounting Standards;
and with the Charities Act.

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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Notes to the financial statements 31 August 2023

2 Accounting policies

INCOMING RESOURCES

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 expenditure	Where incoming resources have related expenditure (as with fundraising or contract income) the 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
gifts	the gift to which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been
performance related grants	delivered.
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	The value of any voluntary help received is not included in the accounts but is described in the trustees’ 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
conditions	level of service or 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
performance conditions	and there are no 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, e.g. allocating property
	costs by floor areas, or per capita, staff costs by the time spent and other costs by
	their usage.

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Notes to the financial statements 31 August 2023

ASSETS

ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least
by charity	£1000. They are valued at cost or a reasonable value on receipt.
	Tangible fixed assets depreciation policy: Depreciated on a straight-line basis
	as follows:
	Freehold land and buildings 2%
	Other land and buildings 4%
	Plant, machinery, and motor vehicles 25%
	Furniture, fixtures, fittings, and equipment 25%
	Payments on account and assets under construction 25%
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.
	The preparation of financial statements in conformity with generally accepted
	accounting principles requires the use of estimates and assumptions that affect the
	reported amounts of assets and liabilities at the date of the financial statements
	and the reported amounts of revenues and expenses during the reporting period.
	Although those estimates are based on management’s best knowledge of the
	amount, event or actions, actual results ultimately may differ from those estimates.
	Impairment on assets
	The Charity regularly reviews its debt portfolio and receivables to assess for
	impairment. In determining whether impairment has occurred, the Charity
POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE	considers whether there is any observable data indicating that there has been a measurable decrease in the estimated future cash flows and their timings. Such observable data includes whether there has been an adverse change in the payment status of debtors or changes in economic conditions that correlate with defaults on assets in the Charity.
	Intangible assets amortisation policy: Amortised on a straight-line basis over
	four years (25%).
	Valuation information and policy: Assets and liabilities are valued at their
	realisable values.
	Other accounting policies: The financial statements have been prepared on a
	going concern basis, which assumes the continued operation of the business in
	foreseeable future. If this is not the case, adjustments would be required to value
	assets and liabilities at their realisable value.

3 Analysis of incoming resources

		2023	2022
	Analysis	£	£
Voluntary income	Tithe and offerings	278,281	213,156
	Special donation and gifts	-	-
	HMRC Gift Aid	66,892	80,813
	Other income	62,715	72,347
	Total	407,888	366,316

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Notes to the financial statements

31 August 2023

4 Analysis of resources expended

Costs of generating voluntary income

ended
	2023	2022
Analysis	£	£
Rent Hotel accommodation	- 3,980	4,800 2,889
Entertainment and refreshments	3,905	1,000
Honorarium for pastors and guests	40,305	10,000
Admin and stationeries	130,822	64,064
Insurance	3,490	2,610
Transportation	3,456	390
Welfare	4,793	2,420
Charity donations	4,314	3,442
Utility and Telephone	10,929	7,145
Contribution to WEM and central	14,555	5,115
Bank and other service charges	60	-
Training and Workshop	-	-
Accountant and Solicitors	720	720
Salaries and wages	88,155	72,740
Allowance to pastor	14,575	9,050
Other miscellaneous expenses	869	464
Depreciation	35,805	38,025
Total	360,733	224,874

5 Paid employees

			2023	2022
			£	£
Gross wages, salaries and benefits in kind			88,155	72,740
Total staff costs			88,155	72,740
Tangible fixed assets
	Freehold	Plant,	Fixtures,	Total
	land &	machinery	fittings and
	buildings	and motor	equipment
		vehicles
Cost or valuation	£	£	£	£
Balance brought forward	522,745	20,240	90,040	633,025
Additions	-	-	-	-
Balance carried forward (Note 7)	522,745	20,240	90,040	633,025
**Basis	SL	SL	SL
** Rate	.02	0.25	0.25
Accumulated depreciation and impairment
provisions
Balance brought forward	17,715	17,400	62,138	97,253
Depreciation charge for year	10,455	2,840	22,510	35,805
Balance carried forward	28,170	20,240	84,648	133,058
Net book value
Brought forward	505,030	2,840	27,903	535,773
Carried forward	494,575	-	5,393	499,968

6 Tangible fixed assets

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Notes to the financial statements

31 August 2023

7 Fixed Assets

	2023	2022
Fixed Assets	£	£
Motor vehicle	20,240	20,240
Church office equipment	47,210	47,210
Furniture and fittings	26,831	26,831
Land and Buildings	522,745	522,745
Drums and other musical instrument	15,181	15,181
Computers and software	818	818
Total	633,025	633,025

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