RCCG Winners Place Aldershot
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
CHARITY NO: 1155120
RCCG Winners Place Aldershot
Financial Statements for the Year Ended 31 December 2021
| Contents | Page |
|---|---|
| Legal and Adminstrative Information | 1 |
| Report of the Trustees | 2 |
| Independent Examiner's Reprot | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes forming part of the financial statements | 7 |
RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2021
REFRENCE AND ADMINISTRATIVE DETAILS
| Charity Name: | RCCG Winners Place Aldershot |
|---|---|
| Charity Registration Number: | 1155120 |
| Registered Office and | |
| Operational Address: | 61 / 63 North Lane |
| Aldershot, Hampshire | |
| GU12 4QF | |
| Trustees: | Emmanuel Olatunbosun Olaoye |
| Babatunde Feyibunmi | |
| Stephen Ikechukwu Akujuaobi | |
| Oluremi Fagbayimu | |
| Olumayowa Faniyi | |
| Accountants: | TPC Consult (UK) Ltd |
| 18 Peckover Close | |
| Peterborough | |
| PE2 8UQ | |
| Bankers: | Natwest Aldersot Branch |
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RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2021
REPORT OF THE TRUSTEES
The Trustees, are pleased to present the annual report, for the purpose of Charities Act 2011, together with the Accounts for the period ended 31st December 2021. The Trustees have adopted the provisions of the Statement of Recommended practice “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual reports and financial statements of the charity.
STRUCTURE GOVERNANCE AND MANAGEMENT
RCCG Winners Place Aldershot is a Charity, registered with Charity Commission on the 23rd December 2013
It is governed by its Trust Deeds and is managed by a Board of Trustees.
Decisions are determined by simple majority vote by the Trustees who set the strategic direction of the charity. Delegated authority has been given to the Pastoral Board and Management team for the day to day running of the operation of the charity.
Trustees are selected on the basis of the contribution that they will make towards the governance of the charity and the skills that they will contribute.
RCCG Winners Place Aldershot is a parish of the Redeemed Christian Church of God – a network comprised of churches all over the world.
OBJECTIVES AND ACTIVITIES
The Charity’s objects are:
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a. To advance the Christian faith worldwide
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b. The relief of poverty.
STRATEGIES
The Charity’s strategies for achieving these objectives were through key activities of providing a place of worship, Church, located at Aldershot, Community projects and welfare activities like, breakfast Morning Christian counselling and educational activities.
ACHIEVEMENTS AND PERFORMANE OF THE PUBLIC BENEFIT
In 2021 with over 60 volunteers who support the work of the charity and make invaluable contributions through various departments: Prayer group, men department, women department, children church, youth church, drama group, evangelism group, counselling department, the music and choir department, media team, and community outreach group the following activities were carried out for public benefits.
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Food banks was delivered to several families both within the church and outside the church monthly.
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The Church had annual community outreach, feed the people mostly children, women and vulnerable
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The Women group did have their Online Breakfast meeting First Saturdays of every month.
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The Women groups called "WOMEN ON ASSIGNMENT" had their annual programme Tagged: The Transformed Woman at Alexandria Hotel Swindon on the 24th - 26th June.
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The church also distributed Christmas gifts / cards to the community of Aldershot to celebrate the festive period.
RISK MANAGEMENT
The Trustees have conducted a review of the major risk which the charity is exposed. A risk register is established which identifies the major risks by type of activity, the nature of those risks, the likelihood of the risks occurring and the measure taken to manage them. The Trustees review the risk register from time to time during their meetings and are satisfied that systems are in place to manage identified risks. In particular, insurance cover is in place. Appropriate Disclosure and Barring Checks (DBS) supported by regularly reviewed policies are in place for those who work with children and vulnerable adults. Internal control risk are minimised by procedure which are in place to ensure authorisation of all transactions and projects. Procedures are in place to ensure the Health and safety of staff, volunteers, and visitors to the charity.
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RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2021
REPORT OF THE TRUSTEES
FINANCIAL REVIEW
As at 31 December 2021 the total incoming resources was £123,837.60 in unrestricted fund and the total outgoings was £76,671.47 leaving a surplus of £47,166.13 The Trustees consider the need for the charity to hold reserve (unrestricted fund, and not represented by fixed asset) equivalent to one month expenditure in order to ensure the ongoing delivery of its charitable objects during time of unforeseen down turn in income. The Trustees acknowledge that in the year under review the charity was able to meet this need and that the charity should aim to improve and look at other sources to generate income to continue to meet its need.
PLANS FOR FUTURE PERIOD
The Charity continues to explore ways of furthering its charitable objects in an effective manner by ensuring there is awareness of its services and proactively seeking opportunities to be more involved in the community. That the charity endeavour to provide services that meet the needs of the public and contribute positively in the moral and spiritual climate of our community. This reflects its Christian ethos and belief.
TRUSTEES’ RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees Report and the Financial Statements in accordance with appropriate accounting standards. (United Kingdom Generally Accepted Accounting Practice).
Charity law 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 as at the balance sheet date and of its incoming resources and applications of resources for the financial year. In preparing those financial statements the Trustees should follow best practice and:
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Select suitable accounting policies and then apply them consistently;
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Observe the methods and principles in the Charities SORP
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Make judgements and estimates that are reasonable and prudent
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Prepare the financial statements on the ongoing basis unless it is inappropriate to presume that
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the charity will continue on that basis.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statement comply with 2011 Charity Act. They are 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
MEMBERS OF THE BOARD OF TRUSTEES
Members of the Board of Trustees who served during the year and up to the date of this report, are set out on page 1.
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information of which the charity's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.
Approval
This report was approved by the board of Trustees and signed on their behalf by:
Mr Stephen Ikechukwu Akujuaobi Position: Trustee Date: 26th October 2022
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RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2021
INDEPENDENT EXAMINERS REPORT
Independent Examiner's Report to the Trustees of RCCG Winners Place Aldershot.
I report on the accounts of the above Charity for the year ended 31 December 2021 set out on pages 5 to11.
Respective responsibilities of trustees and independent examiner
The 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(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the general Direction given by the Charity commission
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(under section 145(5)(b) of the 2011 Act, and
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to state whether particular matters have come to my attention.
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:
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Which gives me reasonable cause to believe that in any material respect the requirements
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To keep accounting records in accordance with section 130 of the 2011 Act; and
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To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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To which in our opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
Signed:
Date: 26th October 2022
C. John-Musa FFA FIPA TPC Consult (UK) Ltd 18 Peckover Close Peterborough PE2 8UQ
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RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2021
STATEMENT OF FINANCIAL ACTIVITIES
| Notes Incoming resources Incoming resources from generated funds: Voluntary Income: Donations and Offerings 2 Activities for generating funds: Investment income Total incoming resources Resources expended Cost of generating funds Costs of generating voluntary income 3 Charity activities 4 Governance and other cost 5 Total resources expended Net income / expenditure before other 6 recognised gains or (losses) Other recorgnised gains or (losses) Net movement in funds Reconciliation of Funds Transfer between funds Total funds brought forward 14 Adjustment to 2020 accounts Total funds carried forward 14 |
2021 2020 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ Restated 123,838 - 123,838 74,778 - - - - |
|---|---|
| 123,838 - 123,838 74,778 |
|
| 18,225 - 18,225 32,659 43,965 - 43,965 14,960 14,481 - 14,481 17,361 - |
|
| 76,671 - 76,671 64,980 |
|
| 47,166 - 47,166 9,798 - - - - |
|
| 47,166 - 47,166 9,798 133,345 - 133,345 113,547 10,000 |
|
| 180,512 - 180,512 133,345 |
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
The notes on Pages 7 to 11 form part of these Accounts.
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RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2021
BALANCE SHEET AS AT 31 DECEMBER 2021
| Notes Fixed assets Tangible assets 9 Currents assets Cash at bank and in hand 10 Debtors 11 Creditors: Amounts falling due within one year 12 Net Current Assets Creditors: Amount falling due after one year 13 Net Assets Funded by: General funds 14 Total funds |
Unrestricted Restricted 2021 2020 £ £ £ £ Restated 262,300 262,300 268,400 78,733 - 78,733 35,792 1,448 - 1,448 1,853 |
|---|---|
| 80,181 - 80,181 37,645 12,914 - 12,914 14,981 |
|
| 67,267 - 67,267 22,664 149,055 - 149,055 157,719 |
|
| 180,512 - 180,512 133,345 |
|
| 180,512 - 180,512 133,345 |
|
| 180,512 - 180,512 133,345 |
We approve the Financial Information which comprises the Statement of Financial Activities, the Balance Sheet and the related Notes.
We acknowledge our responsibility for the Financial Information including the appropriation of the applicable Financial Reporting framework as set out in the Notes.
Signed: Mr Stephen Ikechukwu Akujuaobi Position: Trustee
26th October 2022 Date of Approval
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RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2021
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
(a) Basis of Accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial reporting standard for smaller entities, the charity Act 2011 and the requirement of the Statement of Recommended Practice, Accounting and reporting by Charities
(b) Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Unrestricted funds may include a revaluation reserve representing the restatement of investment assets at market values where applicable. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c ) Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receiveable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity , are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified The value of services provided by volunteers has not been included in these accounts.
Invested income is included when receivable.
Incoming resources from charitable trading activity are accounted for when earned.
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
(d) Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estmated usage.
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RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2021
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
e. Tangible Fixed Assets and Depreciation
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1000 are not capitalised.
Depreciation
Depreciation is provided at rates calculated to write off the cost of each asset, less their estimated residual value over its expected useful life.
Land and Building 2% on cost
Musical Equipment 20% on cost
Investments held as fixed assets are revalued at mid market value at the blance sheet date and the gain or loss taken to the Statement of Financial Activities.
| 2. Voluntary Income Tithes Offering Thanksgiving Gift Aid Investment Other income |
Unrestricted Restricted 2021 2020 Total Total £ £ £ £ 43,948 - 43,948 48,142 23,971 - 23,971 6,223 11,986 - 11,986 7,590 33,566 - 33,566 - - - - - 10,367 - 10,367 12,823 |
|---|---|
| 123,838 - 123,838 74,778 |
Resources Expended
| 3. Cost of generating voluntary income Venue Hire Utilities Equipment Accessories Insurance Internet Telephone Printing and Stationary Repairs and Maintenance Sundry Other |
Unrestricted Restricted 2021 2020 £ £ £ £ - - - 19,526 3,033 - 3,033 2,726 3,080 - 3,080 2,181 1,108 - 1,108 989 - - - - 2,132 - 2,132 2,070 1,460 - 1,460 - 4,574 - 4,574 3,785 - - - 408 2,838 - 2,838 974 |
|---|---|
| 18,225 - 18,225 32,659 |
4. Charitable Activities
| World Evangelical Mission Gifts and Donation Central Office Fund Training and Books Honorarium Travel and Subsistence Other Conference and Events Ministry Expenses Ministers allowances Music & Media Feeding the Needy Project |
Unrestricted Restricted 2021 2020 £ £ £ £ 6,734 - 6,734 600 2,362 - 2,362 - 600 - 600 600 - - - - 2,429 - 2,429 186 1,343 - 1,343 244 1,299 - 1,299 866 2,463 - 2,463 - - - - - 20,559 - 20,559 12,464 1,253 - 1,253 - 4,923 - 4,923 - |
|---|---|
| 43,965 - 43,965 14,960 |
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RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2021
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
5. Governance Cost:
| Unrestricted | Restricted | 2021 | 2020 | |
|---|---|---|---|---|
| Professional Cost | £ | £ | £ | £ |
| Accountancy | 500 | - | 500 | 900 |
| Legal and professional fees | 2,785 | - | 2,785 | 200 |
| 3,285 | - | 3,285 | 1,100 | |
| Unrestricted | Restricted | 2021 | 2020 | |
| Support Cost | ||||
| Depreciation - Building | 6,100 | - | 6,100 | 6,100 |
| Depreciation - Equipment | - | - | - | 183 |
| 6,100 | - | 6,100 | 6,283 | |
| Finance cost | ||||
| Loan interest | 5,096 | - | 5,096 | 9,902 |
| Bank Charges | - | - | - | 76 |
| 5,096 | - | 5,096 | 9,978 | |
| Total Resources expended | 76,671 | - | 76,671 | 64,980 |
| 6. Net Incoming Resources for the Year | ||||
| This is stated after charging: | ||||
| 2021 | 2020 | |||
| £ | £ | |||
| Depreciation | 6,283 | 6,283 | ||
| Accountant's Remuneration | 500 | 900 | ||
| 7. Staff Costs | ||||
| Management Committee did not receive remuneration | ||||
| 2021 | 2020 | |||
| Salaries and Wages paid to employees | - | - | ||
| The average number of Employees | - | - |
8. Taxation
As a charity, RCCG Winners Place Aldershot is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the Charity.
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RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2021
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
9. Tangible Fixed Assets
| Land & | Musical | Total | ||
|---|---|---|---|---|
| Building | Equipment | |||
| £ | £ | £ | ||
| COST | ||||
| At 1 January 2021 | 305,000 | - | 305,000 | |
| Additions in period | - | - | - | |
| At 31 December 2021 | 305,000 | - | 305,000 | |
| DEPRECIATION | ||||
| At 1 January 2021 | 36,600 | - | 36,600 | |
| Charge in period | 6,100 | - | 6,100 | |
| At 31 December 2021 | 42,700 | - | 42,700 | |
| NET BOOK VALUE | ||||
| At 31 December 2021 | 262,300 | - | 262,300 | |
| NET BOOK VALUE | ||||
| At 31 December 2020 | 262,300 | - | 262,300 | |
| 10. Cash at Bank and at hand | ||||
| 2021 | 2020 | |||
| £ | £ | £ | £ | |
| Cash at bank | 78,733 | - | 78,733 | 35,792 |
| 78,733 | - | 78,733 | 35,792 | |
| 11. Debtors: Amounts falling due within one year | ||||
| 2021 | 2020 | |||
| £ | £ | £ | £ | |
| Debtors | 1,448 | - | 1,448 | 1,853 |
| 1,448 | - | 1,448 | 1,853 |
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RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2021
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
12. Creditors: Amounts falling due within one year
| Accruals Mortgage Loan BBSL |
2021 2020 £ £ 500 900 12,414 12,414 - 1,667 |
|---|---|
| 12,914 14,981 |
13. Creditors: Amount falling due after one year
| Mortgage Loan BBSL Loan |
2021 2020 £ £ 149,055 159,386 - 8,333 |
|---|---|
| 149,055 167,719 |
Additional Note:
The General fund under Sofa and the Lomg term loan in the balance sheet for the comparative year, 2020 has been restated due to misrepresentation of Covid grant of £10,000 stated last year as a long term loan.
14. Movements in Funds
| 14. Movements in Funds Unrestricted Funds: General Funds Restricted Fund: Total Funds |
At 1st At 31 January Movement Transfers December 2021 in Fund 2021 £ £ £ £ 123,345 57,167 - 180,512 - - - - |
| 123,345 57,167 - 180,512 |
15. Trustees Remuneration and Benefits
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' Expenses
There were no trustees' expenses paid neither for the year ended 31 December 2021 nor for the year ended 31 December 2020.
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