THE REDEEMED CHRISTIAN CHURCH OF GOD
EMMANUEL’S CHAPEL
==> picture [157 x 156] intentionally omitted <==
THE REDEEMED CHRISTIAN CHURCH OF GOD EMMANUEL’S CHAPEL
TRUSTEE’S REPORT AND ANNUAL ACCOUNTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023
1
THE REDEEMED CHRISTIAN CHURCH OF GOD
EMMANUEL’S CHAPEL
| Page | |
|---|---|
| Corporate Information | 3 |
| Board of Trustee’s Report | 4 |
| Independent Examiner’s Report | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Accounting Policies | 10 |
| Notes | 11 |
2
Corporate Information
| Registered Charity Number: | 1169428 |
|---|---|
| Registered Company Number: | 10383737 |
| Principal Office: | 42 Wheatfield Close |
| Maidenhead | |
| SL6 3PS | |
| Parish Pastor: | Pastor Abayomi Kolade |
| Board of Trustees: | Pastor O Omotayo |
| Pastor R I Okunade | |
| Dr (Mrs) Y T Kolade | |
| Mr O Isola | |
| Dr K Edokpayi | |
| Bankers: | Natwest Bank |
| Slough High street | |
| 118 High Street | |
| Slough | |
| SL1 1JH |
3
Board of Trustee’s Report
1.0 Introduction
The Board of Trustees present their report and accounts for the year ended 30[th] September 2023.
1.1 Public Benefit Statement
The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".
1.2 Structure, Governance and Management
1.2.1 Governing Document
The charity is constituted as a “Trust” and Governed by ‘Trust Deed’ dated 19th September 2016.
1.2.2 Trustee Appointments
Trustees are appointed under the terms of the trust deed.
1.2.3 Organisational Structure
The Redeemed Christian Church of God, Emmanuel’s Chapel Slough is a charity registered in 2016. It is governed by a Memorandum of Articles of Association and is controlled by a board of trustees whose members are appointed as set out in the Memorandum of Association and Constitution of the charity. Membership of the Board of Trustees consists of 5 individuals appointed by the charity who are of high spiritual and moral standing.
1.2.2 Risk Management
The trustee board performs its duty of safeguarding the charity against major risk. The board regularly reviews the charity’s governance structures, policies, procedures and practices. It recommends strategic and operational options and implements adequate prudent controls and preventative action to safeguard the assets of the charity, as well as its reputation.
2.0 Objectives and Global Outreach
2.1 Objectives and Activities
The Trust’s objectives are:
-
To advance the Christian Faith.
-
To relieve people who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby.
-
To advance education in accordance with Christian principles.
-
To promote and fulfil such other charitable purposes beneficial to the community.
4
Board of Trustee’s Report
2.2 Grant Making Policies
Under the “Agreement for Common Purposes”, Emmanuel’s Chapel Slough has agreed to make regular contributions to the World Evangelism Mission (WEM) through RCCG Central Office UK. We support Africa Missions, an aid relief Agency to underprivileged people and communities, mainly in Africa. We also actively and strongly support missionary organisations, such as Festival of Life, Good Women Fellowship, Annual Conventions held at the RCCG National Headquarters.
2.3 Contributions Made by Volunteers
The charity enjoys the services of various volunteers who contribute enormously in various areas of service provision, development, and implementation of the church’s vision. This period, the Charity had 13 volunteers. The volunteers are encouraged to attend various training and development programmes organised by the charity and other organisations.
2.4 Achievement and Performance
The charity was able to hold its various services and program as scheduled. We inaugurated a new program of worship and praise in July during our anniversary celebrations.
We were also involved in a retreat program with another RCCG parish which served as a training for our various volunteer.
3.0 Financial Reviews
During the period, the charity received £105,621 in total income. Total resources expended was £46,616 thus resulting in a surplus of £59,005. Cash at the end of the period was £132,032.
3.1 Principal Funding Sources
The Charity’s main source of fund this year has been through voluntary donations from members.
4.0 Future Development
The Charity plans to continue with its various activities relevant to its local community. In the coming year, Emmanuel’s Chapel Slough plans to organise more developmental seminar/conference and workshops for its members and local community. We also plan to start a food bank services to help the needy and the less privileged.
5
Board of Trustee’s Report
Trustees’ Responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company 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 and of the net income or expenditure of the charity for the year. In preparing these financial statements the trustees are required to:
-
Select suitable accounting policies and then apply them consistently
-
Make judgments and estimates that are reasonable and prudent
-
State whether applicable accounting standards have been followed, subject to any material
-
departures disclosed and explained in the financial statements; and
-
Prepare the financial statements on the going-concern basis unless it is inappropriate to
-
presume that the charity will continue in business.
The trustees are responsible for keeping 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 Charities Act 2011. 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.
The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.
This report was approved by the Board of Trustees on 10 October 2023 and signed on their behalf by:
Full Name: Pastor Olusegun Omotayo
Signature:
Position: Chairman
Date: 10 October 2023
6
Independent Examiner’s Report
Report to the trustees/members of: The Redeemed Christian Church of God Emmanuel’s Chapel On accounts for the year ended: 30th September 2023 Charity No: 1169428
Respective responsibilities of trustees and examiner
The charity’s 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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act,
-
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
-
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:
-
(1) which give me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act;
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 10 October 2023
Name: Tobi Labeodan FCCA, for and on behalf of Chedders Ltd
Relevant professional qualification(s) or body (if any): ACCA
Address: Ground Floor, Synium House, r/o 94-96 High Street, Henley in Arden B95 5FY
7
Statement of Financial Activities: Year Ended 30th September 2023
| Notes Income: Donations and legacies 1 Other income (Grants) 1 Total Income Total Income Expenditures on: Charitable Activities 2 Other Charitable Activities 2 Other Costs 2 Total Expenditures Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets Gains/(losses) on investment assets Net movement in funds Reconciliation of funds: Total funds brought forward at 1 October 2022 Total funds carried forward at 30 September 2023 |
2023 2023 2023 Unrestricted Funds Restricted Funds Total Funds £ £ £ 84,688 84,688 20,933 - 20,933 105,621 - 105,621 105,621 - 105,621 27,200 - 27,200 18,743 - 18,743 673 - 673 46,616 - 46,616 59,005 - 59,005 - - 59,005 - 59,005 101,097 - 101,097 160,102 - 160,102 |
2022 2022 2022 |
|---|---|---|
| Unrestricted Funds Restricted Funds Total Funds |
||
| £ £ £ |
||
| 42,914 - 42,914 |
||
| 10,042 - 10,042 |
||
| 52,955 - 52,955 |
||
| 52,955 - 52,955 |
||
| 19,432 - 19,432 |
||
| 8,910 - 8,910 |
||
| 793 - 793 |
||
| 29,136 - 29,136 |
||
| 23,820 - 23,820 |
||
| - | ||
| - | ||
| 23,820 - 23,820 |
||
| 77,278 - 77,278 |
||
| 101,097 - 101,097 |
8
Statement of Financial Position: Year Ended 30th September 2023
| Notes Fixed Asset Tangible assets 3 Total Fixed Asset Current Assets Loans & Advances Accrued Income Cash at bank and in hand Other Debtors Total Current Assets Creditors: amounts falling due within one year Other Creditors Other Current Liabilities Total Creditors: amounts falling due within one year Net current assets (liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year Other Non-Current Liabilities Total Creditors: amounts falling due after more than one year Total net assets (liabilities) The funds of the charity: Restricted Reserve General reserves Surplus/(Deficit) for the year Total charity funds |
2023 £ 9,874 9,874 19,478 132,032 - 151,510 1,283 1,283 150,228 160,102 - 160,102 101,097 59,005 160,102 |
2022 |
|---|---|---|
| £ | ||
| 1,079 | ||
| 1,079 | ||
| 9,870 | ||
| 90,698 | ||
| - | ||
| 100,568 | ||
| 550 | ||
| 550 | ||
| 100,018 | ||
| 101,097 | ||
| - | ||
| 101,097 | ||
| - | ||
| 77,278 | ||
| 23,820 | ||
| 101,097 |
9
Accounting Policies
Scope and Basis of the Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities published in March 2005.
Income
Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.
Expenses
Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Fixed assets
Fixed assets with an individual purchase of £500 or more are capitalised and stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
Vehicles 25% Equipment 33.33%
10
Notes to the Financial Statements: Year Ended 30th September 2023
1. Income
| Income Donations and legacies Restricted Income Total donations & legacies Other income Gift Aid Receipts Other income Total other income Total Income 2. Expenditures Charitable Activities Premises Utilities Travel Motoring & Transportation Insurance Administration Advertising Operations Finance Charges Depreciation Honorarium Total Charitable Activities Other Charitable Activities Outreach Central Office Welfare & Benevolence Charitable Donations Total Other Charitable Activities Other Costs Professional fees and services Other costs Legal fees Accountancy fees Total Other Costs |
2023 £ 84,688 - 84,688 20,347 586 20,933 |
2022 |
|---|---|---|
| £ | ||
| 42,914 | ||
| - | ||
| 42,914 | ||
| 10,042 | ||
| - | ||
| 10,042 | ||
| 105,621 2023 £ 8,366 177 1,723 3,933 1,030 1,980 688 4,643 3,582 1,078 27,200 1,585 13,647 50 3,460 |
||
| 52,955 | ||
| 2022 | ||
| £ | ||
| 6,754 | ||
| 45 | ||
| 234 | ||
| 2,563 | ||
| 725 | ||
| 1,691 | ||
| 497 | ||
| 4,760 | ||
| 563 | ||
| 1,600 | ||
| 19,432 | ||
| 480 | ||
| 7,743 | ||
| 37 | ||
| 650 | ||
| 18,743 - 673 673 |
8,910 | |
| 120 673 |
||
| 793 |
11
Notes to the Financial Statements: Year Ended 30th September 2023
3. Tangible assets
| Cost At 1st Oct 2022 Additions Disposals Revaluations At 30th Sep 2023 Depreciation At 1st Oct 2022 Charge for the year Adjustments At 30th Sep 2023 Net Book Value At 1st Oct 2022 At 30th Sep 2023 |
Motor Vehicle £ 10350 10,350 2587.5 2,588 - 7,763 |
Sound & Musical Inst £ 2,337 627 - - 2,964 1,257 609 - 1,867 1,079 1,097 |
Machinery & Equipment £ 1,400 1,400 385 - 385 - 1,015 |
Total £ 2,337 12,377 - - |
|---|---|---|---|---|
| 14,714 | ||||
| 1,257 3,582 - |
||||
| 4,839 | ||||
| 1,079 | ||||
| 9,874 |
4. Related Party Transactions
During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 3 under Central Office and Charitable Giving.
5. Trustee Remuneration & Expenses
During the year, there were no payments or reimbursement of expenses to trustee members.
12
Notes to the Financial Statements: Year Ended 30th September 2023
6. Staff cost and numbers
| taff cost and numbers | ||
|---|---|---|
| Wages and salaries Social security costs |
2023 £ - - - |
2022 |
| £ - - |
||
| - |
No employee received remuneration amounting to more than £60,000 in the year
Average number of staff
| Pastoral Admin |
1 - 1 |
1 - |
|---|---|---|
| 1 |
13