**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
2 RCCG-JCC Wolverhampton
## 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
3 RCCG-JCC Wolverhampton
## 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)
4 RCCG-JCC Wolverhampton
## 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.
5 RCCG-JCC Wolverhampton
## 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**
6 RCCG-JCC Wolverhampton
## 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**
7 RCCG-JCC Wolverhampton
## 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**|
8 RCCG-JCC Wolverhampton
## 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**||
9 RCCG-JCC Wolverhampton
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.
10 RCCG-JCC Wolverhampton
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.|
11 RCCG-JCC Wolverhampton
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**|
12 RCCG-JCC Wolverhampton
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**
13 RCCG-JCC Wolverhampton
## 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**|
14 RCCG-JCC Wolverhampton