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← Redeemed Christian Church Of God - Rccg House Of Mercy, Aylesbury

2023-12-31-accounts

REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY

Charity reg. no: 1158553

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

REDEEMED CHRISTIAN CHURCH OF GOD

HOUSE OF MERCY AYLESBURY

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023

CONTENTS PAGE
Reference and administrative details 2.
Directors report 3 - 8.
Independent Examiner's report 9.
Statement of financial activities 10.
Balance Sheet 11.
Notes to the accounts 12 - 15

Page 1

REDEEMED CHRISTIAN CHURCH OF GOD

HOUSE OF MERCY AYLESBURY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees Mrs A O Mohammed - resigned 25/04/2023
Mr D E Akpabio
Mr A S Coker
Mr A Fajuyitan
Mr B Ekundayo
Parish Pastor/CEO Pastor Olusegun Stephen
Charity registered number 1158553
Principal Office 83 Santa Cruz Avenue
Newton Leys
Bletchley
Milton Keynes
MK 3 5HE
Operating address 4th Floor
Sunley House
Oxford Road
Aylesbury
Bucks
HP19 8EZ
Independent Examiner Akintayo Ojo FCCA
Resource Management Consultants Ltd
46 Hollywood Way
Erith
DA8 2QE
Bankers Barclays Bank PLC
Market Square
Aylesbury
HP20

Page 2

REDEEMED CHRISTIAN CHURCH OF GOD

HOUSE OF MERCY AYLESBURY TRUSTEES REPORT

FOR YEAR ENDED 31 DECEMBER 2023

The trustees submit their report and financial statement for Redeemed Christian Church of God House of Mercy Aylesbury (The Charity) for the year ended 31 December 2023. The trustees confirm that the trustees' report and financial statements of the charity comply with current Statutory requirements of the charity's governing document and the provisions of the statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" Issued in March 2005.

STATUS

The Redeemed Christian Church of God - House of Mercy Aylesbury is a Charity Incorporated organisation (CIO) registered with the Charity Commission with charity number 1158553. RCCG House of Mercy as it is also known is affiliated with the Redeemed Christian Church of God (RCCG) UK network of Churches. We are an affiliate member of the Evangelical Alliance (EA) in the UK and the ecumenical Aylesbury Churches Network (ACN).

ABOUT US

The charity operates in Aylesbury, a 'garden city' in the central southern England with a growing population of about 205,000. Aylesbury ranks averagely in the English Index of Multiple Derivation with some very affluent suburbs, but with areas of significant deprivation in the north-west of the town.

House of Mercy church exists to inform, influence, and impact our community with the gospel of Jesus Christ.

We are a Christian non-profit faith group and acting for the benefit of our congregation and the wider community, particularly those needing emotional, financial, and family support. As well as our regular Sunday services, we aim to increase Community Cohesion, provide disaster relief and help those who are disadvantaged in our community. We also provide counselling and pastoral support for those in need of it.

As a church, we are committed to the beliefs of the historic Christian faith and its understanding of God, ourselves and our relationship with Him. We believe a life of Christian love and service to be relevant and beneficial for ourselves and society. All our services are open to all beneficiaries' regardless of race, gender, or religious belief and we are active in sharing the good news about Jesus with all people. Our current activities includes:

APPOINTMENT OR ELECTION OF TRUSTEES

Trustees are appointed and or co-opted under the terms of the CIO constitution.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES

The induction process for a newly appointed Trustee comprises of an initial meeting with the chair and other trustees, followed by short meetings with the parish pastor on the powers and responsibilities of the trustees.

Page 3

REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY

TRUSTEES REPORT

FOR YEAR ENDED 31 DECEMBER 2023

APPOINTMENT OR ELECTION OF TRUSTEES

Trustees are appointed and or co-opted under the terms of the CIO constitution.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES

The induction process for a newly appointed Trustee comprises of an initial meeting with the the chair and other trustees, followed by short meetings with the parish pastor on the powers and responsibilities of the trustees.

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The charity is organised so that the Directors meet regularly to mange its affairs. The parish pastor manages the day to day administration of the church.

RELATED PARTY TRANSACTION

RCCG House of Mercy Aylesbury is a parish of The Redeemed Christian Church of God which has parishes all over the world. The parish's relationship with other parishes is governed by an Agreement for Common purposes'.

RISK MANAGEMENT

The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate our exposures to major risks.

OBJECTIVES AND ACTIVITIES

The principal object is the advancement of Christian faith in accordance with the statement of beliefs of The Redeemed Christian Church of God, and the relief of poverty. To achieve its objectives, the church adopted the following strategies:

Running the following weekly activities to fulfil its objective of advancing Christian faith: Sunday morning and evening services

Midweek home pastoral support/Bible study groups Parent and toddler group Youth connect Women's fellowship Men's fellowship Sunday School

In addition to these weekly activities, we run other community based project in advancing our objective of preventing of relieving poverty. These includes:

Training and development seminars to support members and public ( eg managing your finances), Welfare support to members of the public through Food Bank vouchers and food parcel distribution, Career Development Workshops,

Fundraising for other charities ( especially International Aid, and Oxfam), and many more supporting affected by wars and natural disasters.

Page 4

REDEEMED CHRISTIAN CHURCH OF GOD

HOUSE OF MERCY AYLESBURY TRUSTEES' REPORT FOR YEAR ENDED 31 DECEMBER 2023

PUBLIC BENEFITS

The Church's Sunday and mid-week services are open to the general public to build on their Christian faith. Apart from its Church activities, the charity was involved in the following public benefits efforts during the year in reporting:

Our efforts are geared towards supporting the programmes of our local community, promoting cohesion in our community, and impacting the lives of the young people and the elderly.

GRANT MAKING POLICY

The church supports visiting ministers of the gospel both within and outside the United kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG programmes. The Church supports other charities and missionary that shares its objects in the advancement of Christian faith and relief of poverty. Included in the charity's payroll are salaries a minister seconded to work for a sister church.

VOLUNTEERS

The church is grateful for the unstinting efforts of its volunteers who are involved in providing services for the charity. It is estimated that over 6000 hours are provided by volunteers during the year. If this is conservatively valued at £8.50 per hour, the volunteers effort will amount to £51,000.

Page 5

REDEEMED CHRISTIAN CHURCH OF GOD

HOUSE OF MERCY AYLESBURY TRUSTEES' REPORT

FOR YEAR ENDED 31 DECEMBER 2023

REVIEW OF ACTIVITIES

The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the statement of faith contained in our constitution.

BUILDING PROJECT

Due to the expansion in the charity's activities and involvement in the community, the charity secured a 10 year lease of Sunley House, Oxford road Aylesbury. The property provides a 200 square metre of floor space adapted for use as a community building.

The charity has settled into Sunley House and the process have been very beneficail to the charity. We were able to run our food bank and other projects for the benefit of our beneficiaries in the community. We continue to seek for funders to help us with funds for our various projects. There were no major donations towards the building project in the year under review, but we note contributions from the following organisations towards the building project in the previous year.

2023 2022
Topkare Limited £0 £10,000
Congregational and General £0 £10,800

FOOD BANK AND HOT MEAL

During the year in view, our charity gave out 1200 packs of hot meals and 1000 food parcels to members of the community. As part of our commitment to the economic growth of our community, we ensured that every items used in preparing the hot meals and food packs were sourced within our community. Costco, Tesco, Farm foods, were patronised along with other African Caribbean Food stores. The hot meals were prepared by a local caterer Omolayo Akinsemoyin catering services. We will also like to acknowledge the following organisations that contributed to fund the project:

2023 2022
Hearts of Bucks £12,085 £6,000

RESERVES POLICY

The trustees' policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended. They feel that this would enable the current activities to continue if there is any significant drop in funding. It would obviously be necessary then to consider how the funding would be replaced or activities changed. The present free reserve is below the policy range but the trustees are continuing to seek additional funds for the reserves.

PRINCIPAL FUNDING

Funding has been provided mainly through tithes and offerings by church members and through donations. Pledges are also taken for specific projects. The charity also received grants from donor's for some of its projects in the year under review.

Page 6

REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY TRUSTEES' REPORT FOR YEAR ENDED 31 DECEMBER 2023

FUTURE DEVELOPMENTS

The charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life-changing impact in the community. With the lease of Sunley House, the trustees of of the charity believes it has increased capacity to meet the various needs of its members and the general public.

Page 7

REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY TRUSTEES' REPORT

FOR YEAR ENDED 31 DECEMBER 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and regulations.

Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Acceptable Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing the financial statements, the Directors are required to:

The Directors recognise their responsibilities to keep proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and henceforth taking steps for the prevention and detection of fraud and other irregularities.

The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.

Approved by the trustees on 01 April 2024 and signed on their behalf by:

Mr B Ekundayo Chairman

Page 8

REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY INDEPENDENT EXAMINERS REPORT

FOR YEAR ENDED 31 DECEMBER 2023

TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY

I report on the accounts of the charity for the period ended 31 December 2023 which is set out on pages 9 - 13

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER

The charity trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for the year under section 142(2) of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

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 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:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Akintayo Ojo FCCA 09 April 2024 46 Hollywood Way

Erith. DA8 2QE

Page 9

REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY

STATEMENT OF FINANCIAL ACTIVITIES

FOR YEAR ENDED 31 DECEMBER 2023


INCOMING RESOURCES
Notes
Donations, legacies & similar incoming resources
2
Activities in furtherance of charity's object
3
Investment income
4
Total incoming resources
RESOURCES EXPENDED
Grants payable - individual
5
Grants payable - institutional
6
Costs of activities in furtherance of
charities objects
7
Management and governance costs
8
Total resources expended
Net (outgoing)/incoming resources for year
Total funds at the start of the year
Movement in funds
BALANCE AT END OF YEAR		 2023
Unrestricted
Funds
£
241,960
4,130
1,236		 2023
Restricted
Funds
£
33,864
12,085
-		 2023
2022
Total
Total
Funds
Funds
£
£
275,824
207,625
16,215
27,909
1,236
408
293,275
235,942
-
-
7,543
2,190
278,444
232,711
4,525
3,248
290,512
238,149
2,763
2,208
-
103,220
105,428
-
-
105,983
103,220
247,326 45,949
-
5,726
235,029
4,525		 -
1,817
43,415
-
245,280 45,232
2,046
11,265
46,179		 717
91,955
46,179
-
59,490 46,493

Movements in reserves and all recognised and losses are shown above

The charity's incoming resources and resources expended all relate to continuing activities.

Page 10

REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY

BALANCE SHEET

AS AT 31 DECEMBER 2023

Notes
FIXED ASSETS
Tangible Fixed assets
10
CURRENT ASSETS
Debtors & accruals
11
Cash and bank balances
12
LIABILITIES
Amount falling due within one year
13
NET ASSETS
CHARITY FUNDS
General - unrestricted
1d
General - restricted
1e
TOTAL FUNDS		 2023
2022
£
£
46,493
52,386
59,811
41,324
3,512
12,060
63,323
53,384
3,833
2,550
3,833
2,550
105,983
103,220
59,490
11,265
46,493
91,955
105,983
103,220

The accounts have been prepared in accordance with the special provision of Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities

Approved by the Trustees on 01 April 2024 and signed on their behalf by:

Mr B Ekundayo Chairman

Page 11

REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY

NOTES TO THE ACCOUNTS

FOR YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

standards. They follow best practice as set out in the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities.

(c) Fixed assets comprise furniture and equipment and musical equipment and have been costing more than £300. Tangible fixed 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 their expected useful lives on the following bases:

Musical equipment - 25% reducing balance Furnitures and fittings - 25% reducing balance Computer equipment - 25% reducing balance Motor Vehicles - 25% reducing balance

(d) Unrestricted funds are incoming resources received for the objects of the charity without further specified purpose and are available as general funds.

(e) Restricted funds are subject to restrictions on their expenditure imposed by their donors.


2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
Collection and other donations - UNRESTRICTED
Tithe, offerings & collections
Gift aid receivable
Sundry donations
Donation missions
3. ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECT
HMRC Employer NIC
Grant Received - Heart of Bucks
Grant Received - C & G
Grant Received - Others
4. INVESTMENT INCOME
Bank Interest
Fees received		 Unrestricted
Funds
2023
£
182,323
57,450
387
1,800		 Restricted
Funds
2023
£
-
-
16,866
16,998		 Total
Total
Funds
Funds
2023
2022
£
£
182,323
130,535
57,450
40,338
17,254
12,462
18,797
24,290
275,824
207,625
£
£
4,130
4,000
12,085
6,000
-
10,800
-
7,109
16,215
27,909
£
£
146
68
1,090
340
1,236
408
241,960 33,864
£
4,130
-
-
-		 £
-
12,085
-
-
4,130 12,085
£
146
1,090		 £
-
-
1,236 -

Page 12

REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY

NOTES TO THE ACCOUNTS

FOR YEAR ENDED 31 DECEMBER 2023

2023
Unrestricted
Funds
5. Grants payable - individual
£
Individual welfare
-
6. Grants payable - institutional
£
Charitable giving -UK
5,726
Charitable giving -overseas
-
Total
5,726
List of institutional grants payable
£
RCCG WEM
World Evangelism
2,750
RCCG Central Office
Central Office Suppo
900
Oxfam
Mission support
240
RCCG Camp Ground
Mission support
383
RCCG Province Due
Mission support
953
Others
500
Total grant payable - institutional
5,726
7. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS
Visiting speakers expenses
1,400
Seminar, conferences and subscriptions
3,698
Travel and subsistence
6,130
Hall hire, rent & rates
48,219
Music, liturgy & church group
1,393
Mission, evangelism & projects
4,883
Welfare & hospitality
1,413
Telephone & internet
4,684
Printing, postage and stationery
3,655
Motor expenses
7,815
Worship cost & church occasion
2,021
Training mission
990
Utilities
5,428
Depreciation
35,802
Insurance
1,818
Repair & maintenance
2,247
Staff cost
88,222
Office expenses
9,964
Admin & finance costs
5,245
Building works
-
235,029		 2023
Restricted
Funds
£
-		 2023
Total
Funds
£
-		 2022
Total
Funds
£
-
£
1,817
-		 £
7,543
-		 £
2,190
-
1,817 7,543 2,190
£
-
-
-
1,817
-
-		 £
2,750
900
240
2,200
953
500		 £
1,350
600
240
-
-
-
1,817 7,543 2,190
3,500
8,062
4,000
1,701
-
14,454
3,469
-
-
-
3,030
-
-
-
-
-
5,200
-
-
-		 4,900
11,760
10,130
49,920
1,393
19,337
4,882
4,684
3,655
7,815
5,051
990
5,428
35,802
1,818
2,247
93,422
9,964
5,245
-		 2,650
7,178
5,965
40,841
6,784
14,895
3,261
3,548
3,565
4,241
5,341
-
5,202
27,825
1,607
1,410
77,378
6,598
4,423
10,000
43,415 278,444 232,711

Page 13

REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY

NOTES TO THE ACCOUNTS

FOR YEAR ENDED 31 DECEMBER 2023


8. MANAGEMENT AND GOVERNANCE COSTS
Professional fees -Legal & lease
Professional fees -Other
Examiner's fees - accountancy
9. TANGIBLE FIXED ASSETS
Motor
Vehicles
Cost
£
At 1 January 2023
20,379
Additions
-
At 31 December 2023
20,379
Depreciation
At 1 January 2023
10,655
Depreciation for the year
4,863
At 31 December 2023
15,518
Net book value
At 31 December 2023
4,862
At 31 December 2022
9,724
10. CASH BALANCES
Cash in Bank at year end
11. DEBTORS & ACCRUALS
Debtors
Gift Aid receivable
12. CREDITORS
Trade creditor's due within 12 months
Accrual: Pension payments
Accrual: accountancy fees		 2023
2023
2023
Unrestricted
Restricted
Total
Funds
Funds
Funds
£
£
£
-
-
-
1,525
1,525
3,000
-
3,000
4,525
-
4,525
Musical
Computers
Furniture &
equipment & projectors
fittings
£
£
£
32,907
36,797
41,797
15,776
4,065
10,067
48,683
40,862
51,864
25,467
23,204
20,168
7,295
10,377
13,267
32,762
33,581
33,435
15,921
7,281
18,430
7,440
13,593
21,629
Year ended
31-Dec
2023
3,512
3,512
Year ended
31-Dec
2023
4,475
55,336
59,811
31-Dec
2023
833
3,000
3,833		 2022
Total
Funds
£
-
698
2,550
3,248
Total
31-Dec
2023
£
131,880
29,909
161,789
79,494
35,802
115,296
46,493
52,386
Year ended
31-Dec
2022
12,060
12,060
Year ended
31-Dec
2022
1,000
40,324
41,324
31-Dec
2022
-
2,550
2,550

Page 14

REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY NOTES TO THE ACCOUNTS

FOR YEAR ENDED 31 DECEMBER 2023

13. RELATED PARTY TRANSACTIONS

During the year, the church paid institutional grants to other RCCG organisations such as the World Evangelism Mission as stated in note 7.

14. STAFF COST AND NUMBERS
14. STAFF COST AND NUMBERS
Staff costs were as follows
Wages and salaries
Social security costs
WPS - Employer
The average number of employee during the year was as follows
Pastoral
Charity administration
Total		 Year ended
31-Dec
2023
£
71,363
5,141
873
77,377
Year ended
31-Dec
2023
No.
4
-
4		 Year ended
31-Dec
2022
£
71,363
5,141
873
77,377
Year ended
31-Dec
2022
No.
4
-
4

Included in the staff cost and numbers are 2 employees seconded as minister or religion to sister churches.

No employee received remuneration amounting to more than £50,000 in the year.

  1. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
15. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
Year ended Year ended
This is stated after charging 31-Dec 31-Dec
2023 2022
£ £
Depreciation of tangible assets owned by the charity 35,802 27,825
Accountant's fees 2,550 2,550

16. TAXATION

RCCG House of Mercy is a registered charity and all of its activities are tax exempt under rules of of taxation granted to charities.

Page 15