Registered number 08608576 The RCCG House of Prayer for all Nations Accounts 31 December 2023
The RCCG House of Prayer for all Nations Report and accounts Contents Page Trustees Report 1ndeper.denl examinerfs report Staternent of Finanaal Activtbes Balance sheet Notes to the accounts Income and exnrture account
THE REDEEMED CHRISTIAN CHURCH OF GOD O/JSSOKPRAYSR KOR Wrf770WS THE BEAVER cERE, SEIINAS tANE, DAGENHAM, RM8 IQH Tel: 02085969798. Web: *NTrY.rc ouseo raveruk.or h{Se0 CHAkIry MJMgEk.' 1157484 REPORT OF THE TRUSTEES FOR THE YEAR ENDING DECEMBER 2023. OPENING sfATEMENT. The trustees who are also directors for the purposes of company law, have the pleasure in presenting their reFX)rt and the financial ststements for the charitable company The Redeemed Christian Church of God House of Prayer for all Nations, for the yearended 31st December 2023. The year under review is an improvement overthe previou5 one. Though the effert of COVID19 pandemic is wearing out but its consequential impact on the rise in the cost of living is another challenge that Saw us increasing our community support and charitable deeds to the needy. Thankfully. the support structure and procedure we operated during COVID19 are Still attive and available to the public. We are thankful for the unwavering commitrnent ofthe pastorate and team of volunteers which enabled the chartty to continue in strength and keep up with fvlfilling her visions. OBJEcnvES AND AcnvmES. The overall purpose of the charity is to achieve its charitable objectives which include the following: The Advanment of Christian faith. The assistance of person5 who are in condition of need. suffereing hardship or di5tre5s. or who are aged or sick or in condition that require help. The advancement of education of children and adults. Charitable activbties for the benefit of the local community. The charity maitained a vibrant inclusive and conduave place of worship where people of all nation5 are welcomed while we continue to welcome local and immediate communities. Though most of our usual programmes and activities were yet to return to pre-pandemi levels, however we have continued to operate 'hybrid' Services. which allows people to join our servi5 Virtually and physically on site. We have made more investment this year on digital equipment and human resources to enable us make a high impactful online presen. and also achieve continuous smooth running through our dedicated You Tube. Facebook and Zoom channels Pastor E. A. Adebo GenemlOva5eer.
THE REDEEMED CHRISTIAN CHURCH OF GOD OUSSOKPKgYSR KOR AU THE BEAVER CErRE. SELINAS IANE, DAGENHAM, RM8 IQH TeL. 02085969798, Web: m.re ousets , Email: Inf houseo ernk.o HARrry hLIMgER.. 1157484 The following regular progrdmmes and activities were operational throughout the year under review. Sunday school classes and worship services- virtual l onsite. Monday morning Arise & Shine Prayer meeting- virtual. Wednesday Bible Study/ Moment of Hope- virtual. Morning of Joy B akfast meeting- virtual. Monthly Night Prayer Vigil- virtual / onsite Month End cross over prophetic and communi(In sepdices-virtual / onsite We plan to introduce more life enriching programs as we trust God to fully return to pre pandemic levels. During the period under review. we maintained contact and relationship with our member5 and community trough different communication and follow up initiatives. We offered human, material. moral and finanaal support to people who fell into difficult situation as we committed ourselves to demonstrating the love of our Saviour. Jesus Christ. Our charitable acts and activities are usually done through givin& in kind and in cash. Our artiwties were inttially focused at the people in our immediate surroundings, whith have now extended into the wider world. SUPPORT FOR THE VULNERABLE AND DIStRESSED We have continued to support widows, widowers. distressed /bereaved families and those who are still going through devastating effetts of the pandemic with foodstuff and cash. We also distributed fresh food items. Christma5 boxes and hampers during our annual 'Lunch with Jesus, program at Christmas period to vulnerable adults. rough sleepers on the street and in train / tube stations within the community. We extended our visit to care homes for elders and the vulnerables to deliver hampers and food stuff to care users and stsff in appreciation of tTr great work they are doing. We continued to offer biblical counselling and support to bereaved families and those are stll negatively impacted by the pandemi COMMUNITY SOCIAL RESPONSIBILTY We continued to collaborate with the local council to deliver s(131 servi5 that are beneficial to the community- We partnered with the borough of Barking and Dagenham to run the following programmes Henry Weight Management program designed to control 0Vee1ght in children between ages &ll. and offer training classes on healthy liwng for families. Community career development program to help young adults progess in their careers and the matured to maxirnise thr potentials and be profitably engaged. Pastor E. A. Adeboye Generoloverseer.
THE REDEEMED CHRISTIAN CHURCH OF GOD THE BEAVER cERE. SEtJNAS IANE, DAGEMIAM, RM8 IQH TeL. IY2085969798. Web: w7¥..rC OU5eo rai-eruk.o OU5eo CHAkIry WMBER.. 1157484 Winter warm Space program whith helps community residents to come into our frdcility to keep warm and a150 able to conduct basic out of home transattions. In all. the year presented an opportuntty to virtually share the gospel of Jesus Christ to wider community. to allay fears created by the difficult Sttuation of the past experien, and replacing them with hope and peace of the gospel of our Lord Jesus Christ.. FINANCIAL REVIEW. In the year under review. the totsl income wa5 £270,478 {2022 £303,258) and total expenditure was £245.33612022 E236.80n. The net results for the years were £25.142 12022 £66,451}, and carried forward funds of £572.44612022 £547.3041. Revaluation reserve E229,766 The Church has implemented robust budgetary controls and will continue to monitor costs in an effort to rnaintain financial stsbility. The directors will always place emphasis on sound financial management to ensure funds are properly managed. DIRECTORS The following persons served as trustees / dirertors during the year PastorA. Adesanya Pastor O. Oluwaniyi Pastor O. Onifade. Finally. The dirertor5 are satisfied that the finacial health of the Church will sustain the future activities of the charity. This report was approved by the board on 28July 2024 and signed on its behalf. Pastor Oyekunle Onrfade Director. Pastor E. A. Adebobe Generuloverseer.
The RCCG House of Prayer for all Nations Independent Examinerfs Report to the Trustees of RCCG House of Prayer fo all Nations For the year ended 31 December 2023 This report on the financial statements of the RCCG House of Prayer for all Nations for the year ended 31 Dmber 2023. which are set out on pages 1 to 5. is in respect of an examination carried out in accordance the Church Accounting Regulations 20C6 Ilhe Regulations'l and s.145 of the Charities Act 2011 Ilhe 2011 Acy) ReSve responsibilities of the Trustees and examlner As the Charity Trustees of the RCCG House of Prayer for all Nations who are also directors for the purposes of company law. you are reswnsible for the preparalion of the a(£ounts in accordan with the requirements of the Companies Aca 2006 ('the 2CN)6 Acf). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charrties Act 2011 Ilhe 2011 ACVI. In carrying out my examination. I have followed the Directions given by the Chanty Cornmission under section 145{5llb} of the 2011 Act. That examination includes a review of the accounting records kept by the Tnjslees 2nd a comparison of the accounts presented with those records. It also indudes considerab.on of any unusual items or disclosures in the financial statements, and kIllg explanations from you as trustees conceming any such matters. The proc£dures undertaken do not Provide all the evidence that would be required in an audc and consequenty I do not express an audr( opinion on the view given by the accounts. Indeent examinetrs stateme I have completed my examinakn. I rJ)nfirm in )nneth"Oft wth my examinath)n. rn matter has ci)m$ to my attgntion which gNes me reasonable cause to believethat in any matenal respect.. 1. accounting reojrds were not kept in oflhe company as WUbr&J by s ofthe 2 Art or 2. the aoxjunts do not accord vAth Ihose rordS or 3. the accounts do not compty with the reqU1reffnts of s 396 of thè 2LXK Act other than any requirement that the accounts gi a Irue and lairwew %thich is not a matter ¢x)nsidèred as part of an independent examinalion.. or 4. the accounts have not been prepar1 in 8(££Irdan the Met$ a1 prinTrpb$ of thè Statement of Recommended Practice for a(un"n9 and reporling by charities applicable to chartbes preparing their accounts in accordance the FiFwicial ReFth"ng Slandard apptscatde to UK arky Repu1¢Of Irelan¢J (FRS 1021. I have no cOnm¥ and have come auoss other matte15 in rA)nne¢knn the examinalion to which attent* shoujd be drawn in this report in orderto enable a prcyer urhyerslanding of the acc(ntS1O be Ched. J.S. Wincont 28 July 2024
The RCCG House of Prayer for all Nations Statement of financial activities for the year ended 31 December 2023 UnT*stri¢t•d funds Unrestricted funds 2023 2022 Incoming resources 269.741 303.221 Direct charitable expenditure 1153.207) 1145,9411 116.S34 157.280 Fundraising and publicity Governance costs Other operats'ng income 192.1291 190.8661 Operating surplu$ 24,405 66,414 Profft on thè disposal of tangible fixed assets Profit on the disposal of investments Gain on ValuatiOn of investments Income from investments Interest receivable Interest payable 737 37 Surplu¥ for the year 2S,142 66.451
The RCCG House of Prayer for all Nations Rogislgred number. 08608576 Balance Sha•1 as at 31 Docombgr 2023 2023 2022 Flxed ass•ts T8ngible assets 683.716 683.716 684.571 684.571 Curr•nt assèts Debtors Cash at bank h8fKI 32,683 123,936 156.619 144.345 172.707 Credltors: arnounts lalllng du• within one year 116.118) (20,6501 Net current ats 156.589 135.969 Ilabilit 820.540 Credltorn: amounts falling d aftèr more than one year 138.093) 143,470 777,070 Capital and r•s•r¥•s Revaluab"on SerVe Resee5 229,766 229.766 547.304 Shar•hohJerfs funds 802212 717.070 The trustees a sab"sfied that lh8 ctsrity is enlifjed to exttmptK)n from the requirement to obn an audit uThJerlh8 Charibes Act 2006. The membèr has Th)1 required the ownpany obtain an aj11 Vl 8ccord8Thx with secbon 476 of the ACL The trLk%tees ackTh)4edge their ¥psponsitxlities Mp9 W1h Ihe reqUiremts of the Charities Act 2(K)6 resprtto acttjunknng iecords and Ihe preparation (rfaccounts. The accounts have been prepa aThJ delivered in ar¥an 1th the sp8ual provlskjns app4r8trAe to Sm1 ¢haritE5. Pastor Oy8kunl8 Onrfade Director A4)proved bythe tx)3rd on 16 Septsmber 2024
The RCCG House of Prayer for all Nations Notes to the Accounts for the year endeo 31 December 2023 l A¢¢ountlng policies Basis ofpreparation The accounts have been prepared under the historical cost convention and in accordance with the provisions of the Charities Act 2006. and the Charities IAccounts and Reports) Regulations promulgaled thereunder. and the Statements of Recommended Pracbce issued by the Charity Corllmission. Unrestricted funds represent funds lI1¢h are expendable at the discrets.on of the Iruslees In furtherance of the ol'ects of the church and a held in the general fvnd. Restricted funds represent grants and donations received and tax refunds arising thereon, which were allocated by the donor foT specific purposes. Dir•¢t charitable expenditure Dsrect charitable expendittjre includes all expenditure which is directly related to the objects of the charity and comprises grants paid and costs wh¢h are direcuy attriiiutable to charitable activities including charitable support Costs. Managgmgnt and administration costs Management and administration costs represent expenditure incurTed in the management ol the assets of the Charity. organisational administrab.on and complian¢e wth constituts'onal and other statutory requirements. None of the Trustees received any remuneration. nor were paid expenses in the year ended 31112r2022. Grants and donations There were no acctuals for these items al the year end Tangible fixed assets Tangible fixed assets are measured at cost less accumulative depreuation and any ac¢umulab've impairmenl losses. Depreciab"on is provided on all tangible fixed assets. other than freehold land. at rates calculated to write off the cost. less estimated resal valuè. ol eath asset evenly over ts expected useful life, as follows.. Equipment an(* motor vehicles Fixiures. fitb'ngs. tools and equipment 20% reducing balan¢e basis 20% Tedu¢ing balance basis 2 Incomlng resources 2023 2022 Unrestricted donations and grft aid tax redaimable 269741 303221 269741 303221
The RCCG House .)f Prayer for all Nalions Notes to the A¢¢¢unts for the year ended 31 December 2023 3 Tangible fixèd as$•ts Land and buildings Motor vehicles Equipment Totsl Cost At 1 January 2023 Additions 676.000 15,334 1,600 16.934 2.507 693,841 1.600 At 31 Dember 2023 676.000 2,507 19.441 Depreciation At 1 Jaiiuary 2023 Chargp':or the year At 31 December 2023 7.289 1.929 9.218 1,981 526 9,270 2.455 11.725 2,507 Net book value At 31 December 2023 676,000 7.716 683,716 At 31 December 2022 676.000 8.045 526 684,571 Freehold land and buildings.. 2023 2022 Historical cost 676.000 676,000 676.000 676,000 146-148 Albert Road. Vvidnes. WA8 6LG 3n¢J 212 Warrington Road. Widnes. WA8 OAX were valued by BA Commeraal. Chartered Surveyors. 2 Friarsgate. Chester. CH1 1XG - report dated 0310212020 using RICS market valuab.on bases. 151-155 Garioch Road, Scotland. G20 8RH and 22 St. James Street. Paisley. PA3 2JR wéie valued by DM Hall LLP. Chartered Surveyors. 17 Cortstorphine Road, Edinburgtr,. EH12 6DD - report dated 0410212020. The inspection, report and valuation were in accordanee th the current practice statements, guidance notes and appendbces of the latest edition of the RICS Valuation Standards Ithe"Red BoDk"l. 4 Debtors 2023 2022 Sky-oarden deposit Gift aid tsx recoverable 4.753 23.609 28.362 8.163 24.520 32.683 Amounts due after mole than one year induded above
The RCCG House of Prayerfor all Nations NotL>S to Ihe Accounts for the year ended 31 December 2023 S Creditorn: amounts falling due withir. one year 2023 2022 Provision fo¥ penston costs Trade creditors Other taxes and soual security costs Other creditors 10,OIK) 2,740 483 2,895 16.118 10.000 6,200 4,450 20.650 6 CrèditOTS- amounts falling due aft•f one year 2023 2022 Bank loans 38.093 38,093 43.470 43,470 ovaluation (esèrve 2023 2022 At 1 January 2023 229,766 229.766 Al 31 Decembèr 2023 229.766 229,766 2023 2022 Unrestri¢ted funds General funds Surplus for the year 547.304 25.142 572.446 480.853 66.451 547.304 10 Other infomiation The RCCG House of Prayer for all Nab"ons is a priv* ¢))mpany limrted by guarantee and incorporated in England.
The RCCG House of Prayer for all Nations Income and expenditure accoLSnt for thè yèar ended 31 December 2023 This scheclule does nol fonnp3rt of the statukny 8r%otsnls 2023 2022 Incoming resources unstriCted funds Donations eligible for grfl aid Income tax recoverable Other donation5 and grants Other oKErating Incorne 94,436 23.609 86.892 64.804 128.058 24.650 88.034 62,479 269.741 303,221 Direct charrtable expendtture Honoraria Service and Sunday school expenses HW managent and volunteer expense5 Church rent Shuttle bus and travel costs Welfare 8 CSR 1.230 7.429 1,010 34.983 2.963 855 7.225 9.192 3.526 21.379 8.213 2.449 21.000 31.753 153.207 1,705 5.556 18.995 35.000 2.642 7.385 5,132 5,165 10,074 5.744 RepaiT5 and rerwals Training. retreat and Conferen costs Charrtable 91n9 and support RCCG WEM Lrfe insurantr costs Salaries and pastoral expense5 Manse 25.983 22.560 145,941 Other employee costs Other staff costs Pensions 15,507 14,207 29.714 17.004 12.912 29.918 PrnISes costs Rent and rates caning and refuse disposal Repai and renewals Centre Insurance 23.394 1,481 12,075 4,$40 24.414 1,105 12.374 37.893 Governan costs Telephone atKI web costs Streaming, media & digrtèl Servi costs Printing. postsge and other Offi supplEs Bank and finance charges Asset Insuran Accountsncy fees Other legal and professional Deplation 2.076 1.553 3,436 651 1,347 88 1.681 6.968 2.455 17,967 2,520 8.063 2.143 23.057 92,129 90,866 ¢)thÈr t>pgrating income Other income