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2023-12-31-accounts

RCCG Winners Place Aldershot

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

CHARITY NO: 1155120

RCCG Winners Place Aldershot

Financial Statements for the Year Ended 31 December 2023

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 2023

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
Ikechukwu Stephen Akujuaobi
Oluremi Fagbayimu
Olumayowa Faniyi
Accountants: TPC Consult (UK) Ltd
18 Peckover Close
Peterborough
PE2 8UQ
Bankers: Natwest Aldersot Branch

Page 1

RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2023

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 2023. 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:

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 the year under revuew we had over 20 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.

  1. Food banks was delivered to several families both within the church and outside the church monthly.

  2. The Women group did have their Online Breakfast meeting First Saturdays of every month.

  3. The Women groups called "Women on assignment" had various programmes covering family, and relationships. Also the book of the Month reading and review event was ran in the year.

  4. The church also distributed Christmas gifts / cards to the community of Aldershot to celebrate the festive period.

  5. Evangelical and outreaches programmes were held to reach out to the community with the gospel.

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.

Page 2

RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2023

REPORT OF THE TRUSTEES

FINANCIAL REVIEW

As at 31 December 2023 the total incoming resources was £182966 in unrestricted fund and the total outgoings was £141287 leaving a surplus of £41699 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. The growing University student membership of the church has lead to the plan to condiser buying a Mini Bus to support their transportation to the church from the School on Sundays.

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:

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 September 2024

Page 3

RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2023

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 2023 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:

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:

  1. Which gives me reasonable cause to believe that in any material respect the requirements

  2. To keep accounting records in accordance with section 130 of the 2011 Act; and

  3. 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

  4. To which in our opinion, attention should be drawn in order to enable a proper understanding of

the accounts to be reached.

Signed: C. John-Musa FFA FIPA TPC Consult (UK) Ltd 18 Peckover Close Peterborough PE2 8UQ

Date: 26th September 2024

Page 4

RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2023

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		 2023
2022
Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
£
£
£
£
182,966
-
182,966
104,092
-
-
-
-
182,966
-
182,966
104,092
36,871
-
36,871
24,665
82,069
-
82,069
62,959
22,347
-
22,347
12,730
-
-
141,287
-
141,287
100,353
41,679
-
41,679
3,739
-
-
-
-
41,679
-
41,679
3,739
184,250
-
184,250
180,512
225,930
-
225,930
184,250

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.

Page 5

RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2023

BALANCE SHEET AS AT 31 DECEMBER 2023

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:
18,127
General funds
14
Total funds		 Unrestricted
Restricted
2023
2022
£
£
£
£
270,117
270,117
259,036
74,851
-
74,851
73,047
16,582
-
16,582
6,320
91,433
-
91,433
79,367
8,647
-
8,647
13,114
82,786
-
82,786
66,253
126,972
-
126,972
141,039
225,930
-
225,930
184,250
225,930
-
225,930
184,250
225,930
-
225,930
184,250

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 Ikechukwu S. Akujuaobi Position: Trustee

26th September 2024 Date of Approval

Page 6

RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2023

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.

Page 7

RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2023

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 25% on cost Motor vehicle 30% 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 Unrestricted Restricted 2023 2022
Total Total
£ £ £ £
Tithes 95,796 - 95,796 62,137
Offering 13,856 - 13,856 11,429
Thanksgiving 182966 1,875 - 1,875 3,054
Gift Aid 17858 53,582 - 53,582 -
Investment 165108 - - - -
Other income 17,858 - 17,858 27,473
182,966 - 182,966 104,092

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
2023
2022
£
£
£
£
-
-
-
-
5,405
-
5,405
4,978
6,689
-
6,689
3,559
4,451
-
4,451
1,176
-
-
-
-
3,652
-
3,652
2,705
692
-
692
458
4,435
-
4,435
7,608
-
-
-
-
11,547
-
11,547
4,180
36,871
-
36,871
24,665

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
2023
2022
£
£
£
£
9,085
-
9,085
7,224
9,335
-
9,335
3,077
600
-
600
600
2,336
-
2,336
1,697
2,240
-
2,240
3,000
9,683
-
9,683
6,204
7,037
-
7,037
7,119
13,336
-
13,336
3,146
1,090
-
1,090
750
22,245
-
22,245
24,203
2,806
-
2,806
1,211
2,274
-
2,274
4,729
82,069
-
82,069
62,959

Page 8

RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

5. Governance Cost:

Unrestricted Restricted 2023 2022
Professional Cost £ £ £ £
Accountancy 700 - 700 700
Legal and professional fees 2,366 - 2,366 -
3,066 - 3,066 700
Support Cost Unrestricted Restricted 2023 2022
Depreciation - Motor vehicle 7769 - 7,769
Depreciation - Building 6,100 - 6,100 6,100
Depreciation - Equipment 945 - 945 945
14,814 - 14,814 7,045
Finance cost
Loan interest 4,467 - 4,467 4,984
Bank Charges - - - -
4,467 - 4,467 4,984
Total Resources expended 141,287 - 141,287 100,353
6. Net Incoming Resources for the Year
This is stated after charging:
2023 2022
£ £
Depreciation 14,814 7,045
Accountant's Remuneration 700 700
7. Staff Costs
Management Committee did not receive remuneration
2023 2022
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.

Page 9

RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

9. Tangible Fixed Assets

COST
At 1 January 2023
Additions in period
At 31 December 2023
DEPRECIATION
At 1 January 2023
Charge in period
At 31 December 2023
NET BOOK VALUE
At 31 December 2023
NET BOOK VALUE
At 31 December 2022
10. Cash at Bank and at hand
Cash at bank
11. Debtors: Amounts falling due within one year
Debtors		 Land &
Musical
Motor
Total
Building
Equipment
Vehicle
£
£
£
£
305,000
3,781
308,781
-
-
25,895
25,895
305,000
3,781
25,895
334,676
48,800
945
-
49,745
6,100
945
7,769
14,814
54,900
1,890
7,769
64,559
250,100
1,891
18,126
270,117
256,200
2,836
-
262,300
2023
2022
£
£
£
£
74,851
-
74,851
73,048
74,851
-
74,851
73,048
2023
2022
£
£
£
£
16,582
-
16,582
6,320
16,582
-
16,582
6,320

Page 10

RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2023

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

12. Creditors: Amounts falling due within one year

Accruals
Mortgage Loan repayment
13. Creditors: Amount falling due after one year
Mortgage Loan
14. Movements in Funds
Unrestricted Funds:
General Funds
Restricted Fund:
Total Funds		 2023
2022
£
£
700
700
7,947
12,414
-
-
8,647
13,114
2023
2022
£
£
126,972
141,039
-
-
126,972
141,039
At 1st
At 31
January Movement
Transfers
December
2023
in Fund
2023
£
£
£
£
184,250
41,680
-
225,930
-
-
-
-		 2023
2022
£
£
700
700
7,947
12,414
-
-
8,647
13,114
2023
2022
£
£
126,972
141,039
-
-
126,972
141,039
184,250
41,680
-
225,930

15. Trustees Remuneration and Benefits

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' Expenses

There were no trustees' expenses paid neither for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Page 11