Charity number: 1154692 REDEEMED CHRISTIAN CHURCH OF GOD ~ (RCCG) JESUS PEOPLE PARISH NORTH WOOLWICH TRUSTEES, REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 CONTENTS Reference and administrative details of the charity, its trustees, and advisers Trustees, report Statement of financial activities Balance sheet Notes to the financial statements The following pages do not fonn part of the statutory fmancial statements: 11 REFERENCE AND ADNIINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES, AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2022 Trustees Nelson Olusegun Okesola Olanrewaju Olukayode Tajudeen Salami Florence Taiwo Jawo Adenike Mojirade Oyinade Akinlotan Charity registered number 1154692 Principal office 100 River View, Grays, Essex RM16 4BA Pastor In Charge Yomi Awosola TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 The Trustees present their annual report together Ivith the financial statements of Redeemed Christian Church of God~ (RCCG) Jesus People Parish (the charity) for the year ended 31 December 2022. The Trustees confirm that the Annual report and rmancial statements of the charity comply Ivith the current statutory requirements, of the charity's governing document and the provisions of the Statement of 11 11 Recommended Practice (SORP) Accounting and Reporting by Charities issued in March 2005. Structure, governance, and management . CONSTITUTION The principal objective of the charity is to provide spiritual development and Christ~like worship for its members and to build a strong Christian faith. b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The management of the charity is the responsibility of the Trustees Ivho are elected and co-opted under the terms of the Trust deed. Objectives and Activities The charity is a Redeemed Christian Church of God that provides a place of worship for its members. One of its main objectives is the provision of spiritual development and Christ-like worship for its members and builds a strong Christian faith. We aim to advance the Christian faith by following God's injunction in Ephesians 4.13, building every church member. By providing Christian worship and teachings every Sundayy Mondayy and Friday as well as evangelism/outreach work in the local community. b. POLICIES IIND OBJECTIVES The Church Objectives are coined out of the Mission Statement as stated in Ephesians 4:13 In setting out the summary of objectives and activities of the charity, the trustees have given due regard to the Charity Commission's general guidance on public benefit when TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 exercising their duties to which the guidance is relevant. To build a strong Christian faith for its members through: . Sharing in truth and faith, the gifts which God has given us. . Developing people to spiritual maturity through bible studies, house fellowships, seminars, and retreats Equipping every believer for a significant ministry by helping them discover the gifts and talents God gave them. A place where the hurtingg the depressed, the frustrated, and the confused can find love, acceptance, help, hope, forgiveness, guidance, and encouragement. Sharing the good news of Jesus Christ with the hundreds of thousands of residents in North Woolwich, Silver town, Custom House, and wherever the Lord will direct us to. . I believe these dreams will become a reality because they are based on God's given word Ephesians 4.11-16 Finally9 are you preparing for the coming of the Lord Jesus Christ? Be prepared! He will come back when nobody expects. ACTIVITIES FOR ACHIEVING OBJECTIVES 11 We provide counseling for our Church members. We meet on Sunday for fellowship in songs, reading? and teaching of the Bible doctrines. We meet on Friday for deep research of God's instruction through discussion and teaching of Bible doctrines. Also, Prayer meeting On Monday we have house fellowship meetings at 5 different centres. We also have various outreach programmes for the community in the year. Weekly Church Activities: Wednesday- Choir Practice TRUSTEES, REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2022 Friday- Bible Study (Digging Deep)/Faith Clinic Sunday- Sunday School and Worship Service Last Sunday of every month- Shiloh Sunday Last Saturday of every month - Restoration Hour We are grateful to God for His guidance, mercies, help, and grace for seeing us through the challenging period and even more grateful with the lifting of restrictions during the year. We were able to come together and fellowship. God who is always faithful in building his Church did not allow the gates of hell to prevail. We continue to look up to Him, knowing that He will never fail. Achievements and performance REVIEW OF ACTIVITIES The Church operates from North Woolwich and the number of attendants was, children9 youth, and teenage members. 73 and adult members were 58 during the year. During the period up to the lifting of restrictions, the church was able continue with Sunday fellowship? weekly meetings online. Post lockdown the church resumed physical attendance and continues with online services for those that are not able to physically attend the church. Safeguarding which was introduced to the church in 2016, with new policies and procedures continues with measures for keeping children and vulnerable adults safe within the church and online. RESERVES POLICY RCCG Jesw ParlJh North Woolwkh ts a thall ¢huteh wlth ah av¢rng¢ ltttome of ,. £W900. Ihe to the rrtelpt of p**t tlthes held by our parent parlsh, h hal Current rtJerve• of£28J16. The thutch ￿1*2Y1 rented for both Sllndfiy servlee and mldwttk mè¢tlngs, aud ttls the wljh of out tollgregatlon to have a bulldlng of our , lo fello￿k1p together. The trustees dxscusRd the followln factors in arrlvlng at their Teserves polky: should onty be kept In rnserve for spedfic reasong wbijst the Bible tkarty kndicAtss that we Should not hoard it Is also elear that senslble planning lor known events and responslblllty for others Is importanL The Church has no Immediate use for the £28J16 in reserves It would be sensible to keep the funds and any future funding in reserve for the deposlt of x new building for the churcb. Thz church has not put any money into reserves in ruerves in recent ytar& Poucy" RCCG Jesus People Parish North Woolyich aims to keep approxinutety £50,000 ill raerves. This will be to cover the deposit and all legal costs for the pllrclwe •fi new bullding. To achieve tlth, we will aim to put £2k per year into reserves from incollke until that level is achieve IA alL we-ttw& God for using His Church to accompiisb His will in the parisb. 'This réport was approved by the Tn]stees and signed on th¢ir behalf by. "".*i7.: . Mlnlrttt la ChArz¢ NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 I. ACCOUNTING POLICIES 1.1 Basis of preparation of financial statements The financial statements have been prepared under the historical cost convention, with the exception of investments that are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). 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 Going concern After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. 1.3 Fund accounting General funds are unrestricted funds that are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 1.4 Incoming resources All incoming resources are included in the Statement of financial activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne 11 by a third paty. Income tax recoverable in relation to donations received under Gift Aid or deeds of a covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022 (Continued) 1.5 Resources expended All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to activities they have been allocated on a basis consistent with the use of the resources. Governance costs are those incurred in connection with the administration of the charity and compliance with constitutional and statutory requirements. 1.6 Tangible fixed assets and depreciation The policy concerning impairnient reviews of fixed assets is . Tangible fLxed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over them expected useful lives on the following bases: Motor vehicles - 25 % reducing balance Fixtures & fittings - 25 % reducing balance Office equipment _ 25 % reducing balance 1.7 Equipment Music Gen Eqpt Eqpt Total 7,333.24 10,355.80 17,689.04 0.00 0.00 0.00 -5,567.23 -9,338.39 ~14,905.62 1,766.01 1,017.41 2,783.42 Cost as 31/12/2021 Additions Accum Depr C/F NBV as at 31112/2022 RCCG Jesus People Parish Balance Sheet Consolidated - December 2022 Current Year 2021 Previous Year 2021 ASSETS BANK ACCOUNTS CHECKING ACCOUNTS BARCLAYS BANK DEPOSIT ACCOUNT WELFARE ACCOUNT 71,679.50 28,316.70 100.00 60,742.08 28,316.70 100.00 Subtotal Checking Accounts 100,096.20 89,158.78 Subtotal Bank Accounts 100,096.20 89,158.78 FIXED ASSETS EQUIPMENT General Equipment MUSIC Accum. Depr. - Equipment 7,333.24 10,355.80 -14,905.62 7,333.24 10,355.80 -13,962.83 Subtotal Fixed Assets 2,783.42 3,726.21 TOTAL ASSETS 102,879.62 92,884.99 NET ASSETS UNRESTRICTED Unrestricted Net Assets 102,879.62 92,884,99 TOTAL EQUITY 102,879.62 92,884.99 TOTAL LIABILITIES AND EQUITY 102,879.62 92,884.99 The financial statements were approved by the Trustees on 09th August 2023 and signed on their behalf by: Mojirade Oyinade Aklnlotan Olanrewaju ukayode Tajudeen Salami RCCG Jesus People Parish Trial Balance January 2022 - December 2022 Beg. Balance Period Actual Curr. Balance Account Account Name Type 01 GENERAL FUNDS 01- 1110 01~ 1120 01- 1121 01- 1800- 001 01- 1810 01- 1899 01- 3110 01- 4620- 001 01~ 4620- 003 01- 4620- 004 01- 5195 01- 5195- 001 01- 5490 01- 5495- 002 01- 5495- 003 01- 5525 01- 5620- 001 01- 5895 01- 6015 01- 6020 60,742.08 10,937.42 71,679.50 BARCLAYS BANK DB DEPOSIT ACCOUNT WELFARE ACCOUNT DB 28,316.70 0.00 28,316.70 100.00 0.00 100.00 DB General Equipment DB 7,333.24 0.00 7,333.24 DB 10,355.80 0.00 10,355.80 MUSIC Accum. Depr. Equipment Unrestricted Net Assets DB -942.79 -14,905.62 13,962.83 92,884.99 CR 0.00 92,884.99 Sunday Offering CR 0.00 18,843.58 18,843.58 Thanksgiving Offering CR 0.00 890.00 890.00 Tithes CR 0.00 48,864.14 48,864.14 Musician DB 0.00 2,700.00 2,700.00 Instrumentalists DB 0.00 7,020.00 7,020.00 Professional Services DB 0.00 750.00 750.00 Workers Training DB 0.00 1,080.00 1,080.00 Instrumentalists Training DB 0.00 1,685.60 1,685.60 DB 0.00 1,881.16 1,881.16 Cell Phones Rent Category 1 DB 0.00 14,110.00 14,110.00 Maintenance Equip Deprec. Mission A DB 0.00 942.79 942.79 0.00 3,550.73 3,550.73 DB DB 0.00 9,702.16 9,702.16 Mission B 01- 6100 01- 6280 01- 6290 01- 6330 01- 6390 01- 6420 01- 6490 01- 6580 0.00 9,246.32 9,246.32 Benevolence DB 528.98 528.98 Choir DB 0.00 63.92 63.92 Music Instruments DB 0.00 0.00 200.00 200.00 Pastors Hospitality DB 3,675.00 Youth Ministry DB 0.00 3,675.00 941.43 941.43 Fellowship Meals DB 0.00 Books & Literature DB 0.00 275.00 275.00 Seminars & Training DB 0.00 250.00 250.00 0.00 0.00 0.00 RCCG Jesus People Parish Income and Expense Statement Consolidated - January 2022 - December 2022 Current Period Prior Year INCOME INTEREST INCOME Banking Interest TITHES & OFFERING Sunday Offering Thanksgiving Offering Tithes Welfare Offering Other Income $0.00 $2.84 18,843.58 890.00 48,864.14 0.00 0.00 7,837.81 2,051.72 54,466.04 350.00 200.00 Subtotal Tithes & Offering 68,597.72 64,905.57 TOTAL INCOME 68,597.72 64,908.41 EXPENSES FIXED EXPENSES SUPPORT STAFF STAFF SALARIES Musician ADMINISTRATIVE EXPENSE Professional Services Workers Training PHONES Cell Phones 11,405.60 9,338.58 750.00 1,080.00 1,050.00 300.00 1,881.16 1,213.39 Subtotal Administrative Expense 15,116.76 11,901.97 BUILDING & GROUNDS Rent Category 1 Maintenance Equip Deprec. 14,110.00 942.79 4,950.00 4,422.26 Subtotal Building & Grounds 15,052.79 9,372.26 Subtotal Fixed Expenses 30,169.55 21,274.23 DEPARTMENTSICOMMITTEES MISSIONS DEPARTMENT Mission A Mission B Benevolence 3,550.73 9,702.16 9,246.32 3,786.50 11,829.93 4,940.00 Subtotal Missions Department 22,499.21 20,556.43 CHRISTIAN EDUCATION Adult Sunday School MUSIC Choir EVANGELISMIOUTREACH Special Events MINISTRY EXPENSE Church Supplies Books & Literature 0.00 270.00 592.90 225.30 3,875.00 600.00 0.00 0.00 372.36 300.00 Subtotal Ministry Expense 0.00 672.36 Subtotal Departmentslcommittees 26,967.11 22,324.09 OTHER EXPENSES CONVENTIONS & SEMINARS Miscellaneous Expense 1,466.43 556.15 TOTAL EXPENSES 58,603.09 44,154.47 EXCESS INCOMEIEXPENSES 9,994.63 20,753.94 # **REDEEMED CHRISTIAN CHURCH OF GOD** # **JESUS PEOPLE PARISH** INDEPENDENT EXAMINERS REPORT FOR PERIOD ENDING 31[st] DECEMBER 2022 TO THE TRUSTEES OF RCCG – JESUS PEOPLE PARISH I report on the accounts of the charity for the period ended 31 December 2022 RESPECTIVE RESPONSIBILITIES OF THE TRSUTEES AND THE EXAMINER The charity trustees are responsible for the preparation of the accounts. The Charity's trustees consider than an audit is not required for the period under section 476 of the Companies Act 2006 and that an independent examination is needed. It is my responsibility to: - examine the accounts under section145 of Charities Act 2011; - follow the procedures laid down in the general Directions given by the Charity - Commissioners (under section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to my attention. ## BASIS OF MY EXAMINATION My examination was carried out in accordance with the 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 account, 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 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 statements below. ## EXAMINER'S STATEMENT 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 trustees have not met the requirements to ensure that: - proper accounting records are not kept in accordance with the companies Act; and - accounts are prepared which agree with the accounting records and comply with the - accounting requirements of the Companies Act 2006; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Lukmon Bola Ogunbadejo B.SC, ACA, IFA/MPA 02[ND] of September 2023 Two Ace Accountants