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2020-12-31-accounts

THE GRATEFUL CHURCH (RCCG)

MANCHESTER

THE REDEEMED CHRISTIAN CHURCH OF GOD THE GRATEFUL CHURCH

TRUSTEE’S ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020

1

MANCHESTER

THE GRATEFUL CHURCH (RCCG)

Page
Corporate Information 3
Board of Trustee’s Report 4
Independent Examiner’s Report 10
Statement of Financial Activities 11
Statement of Financial Position 12
Accounting Policies 13
Notes 14

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Corporate Information

Registered Charity Number: 1171229
Registered Office: 6, Great Lake Close, Manchester M12 4AZ
Principal Office: 6, Great Lake Close, Manchester M12 4AZ
Pastor in Charge: Pastor David Olalekan Kaffo
Board of Trustees: Mr Adeleke Ige (Chair)
Mr Seun Ogidiolu
Mr Chuks Nwulia
Bankers: Natwest Bank
19 Market Street
Manchester M1 1WR

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Corporate Information

Introduction

The Trustees present their annual report and the financial statements of The Redeemed Christian Church of God The Grateful Church (the charity) for the period ended 31 December 2020. The Trustees confirm that the annual report and financial statements of the charity comply with the 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.

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".

Structure, Governance and Management

The Grateful Church RCCG, Manchester is a parish of The Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with other parishes is governed by an 'Agreement for Common Purposes'.

The charity was established on 21st of March 2015 and constituted under a trust deed dated 19th of January 2017 and is registered in England and Wales with charity number 1171229

Appointment or Election of Trustees

Trustees are elected and or co-opted under the terms of the trust deed.

Policies Adopted for the Induction and Training of New Trustees

The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Pastor in Charge on the powers and responsibilities of the Trustees.

Organisational Structure and Decision Making

The charity is organised so that the Trustees meet regularly to manage its affairs. The Pastor in Charge manages the day to day administration of the Church.

Objectives and Activities

The principal object of the charity is the advancement of Christian Faith worldwide and the Relief of Poverty. To promote any charitable activity for the benefit of the local people. To achieve its objectives, the church adopted the following strategies:

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Corporate Information

The activities for achieving its objectives include:

Achievements and Performance

The Grateful Church RCCG, Manchester opened its Sunday and Mid-Week services to the general public to build on their Christian faith. Apart from its Christian activities, the charity was involved in other community projects for public benefits. Some are as follows:

An overview of activities the charity engaged in during the year is provided below:

Regular Weekly Meetings – Jan – Dec 2020

Worship Services and 52 Wednesday Bible Study meetings in the year 2020

Marriage Seminar – All Sundays in February, 2020

The church organised a Marriage seminar to enlighten its members on how to enjoy, maintain and grow in their marriage.

Mother’s Day – 22nd March, 2020

The Church appreciated and celebrated the life and effort all MOTHERS in the congregation. Mothers in the Church have been positive influential Role Models.

The Grateful Church 5th Year anniversary – 17th of May, 2020

In the effort to advance the Christian Faith, The church celebrated its 5th year anniversary on the 17th of May, 2020.

Father’s Day – 14th June, 2020

The church appreciated and celebrated the life and effort all FATHERS in the congregation. Fathers in the Church have been positive influential Role Models.

Financial Management Seminar – All Sundays in October, 2020

The church organised a finance seminar to educate its members on how to acquire, manage and grow their wealth. Several financial management professionals from the city were invited to speak to the church congregation. It was a successful programme that’s empowers the congregation financially.

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Corporate Information

Student Welcome Week

Not applicable because of COVID 19 Lockdown

Santa Claus (Father Christmas) Grotto

Not applicable because of COVID 19 Lockdown

Community Christmas Lunch

Not applicable because of COVID 19 Lockdown

Public Charitable Visit & Support

Not applicable because of COVID 19 Lockdown

.

Charitable Support

None because of COVID 19 Lockdown

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit and in particular to its supplementary public benefit guidance advancing religion and relieving poverty when reviewing the charity's aim and objectives and in planning future activities and grant making policy for the year.

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 (WEM), Festival of Praise (FOP) in Manchester, and Festival of Life (FOL) in London and other RCCG Programmes. The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

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 the systems are in place to mitigate our exposures to the major risks.

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Corporate Information

Financial Review

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 as contained in our Trust deed.

During the year to 31st December 2020, the church had a total income of £51,356. Total operating charitable expenditure was £36,603 giving a surplus of £14,753.

The Charity’s principal funding sources has been provided mainly through Tithes and Offerings by church members and through gift aid. Pledges are also taken for specific projects.

Investment Policy

The Trustees have decided that at present, funds should be retained in Banks and Building Societies, and as far as possible in interest bearing accounts.

Reserves Policy

The trustees' policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended which equals to roughly £20,000 to £40,000 in general funds. They feel that this would enable the current activities to continue if there is a significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The trustees have set aside £30,000 as free reserve within its policy range but the trustees are continuing to seek additional unrestricted funds to build up its reserves.

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Board of Trustee’s Report

Volunteers

The church is grateful to its volunteers who gave their services for free to the charity. It is estimated that over 3,000 hours were provided by volunteers during the year. If this is conservatively valued at £8.91 per hour, the volunteer's effort will amount to over £26,500.

Future Development

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 lifechanging impact in society.

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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:

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.

This report was approved by the Board of Trustees on 25/11/2021 and signed on their behalf by:

Full Name: Mr Adeleke Ige

Signature:

Position: Chairman

Date: 25 November 2021

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Independent Examiner’s Report

Report to the trustees/members of: The Redeemed Christian Church of God The Grateful Church On accounts for the year ended: 31st December 2020 Charity No: 1171229

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:

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:

Signed: Date: 25 November 2021

Name: Tobi Labeodan, 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

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Statement of Financial Activities: Year Ended 31st December 2020

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 January
Total funds carried forward at 31 December		 2020
2020
2020
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
40,401
-
40,401
10,956
-
10,956
51,356
-
51,356
51,356
-
51,356
33,658
33,658
545
-
545
2,400
-
2,400
36,603
-
36,603
14,753
-
14,753
-
-
14,753
-
14,753
70,679
-
70,679
85,433
-
85,433		 2019
2019
2019
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
45,160
-
45,160
10,490
-
10,490
55,650
-
55,650
55,650
-
55,650
46,923
-
46,923
3,771
-
3,771
600
-
600
51,294
-
51,294
4,356
-
4,356
-
-
4,356
-
4,356
66,324
-
66,324
70,679
-
70,679

11

Statement of Financial Position: Year Ended 31st December 2020

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:
General reserves
Surplus/(Deficit) for the year
Total charity funds		 2020
£
2,058
2,058
3,440
1,950
83,185
-
88,575
-
5,200
5,200
83,375
85,433
-
-
85,433
70,679
14,753
85,433		 2019
£
2,744
2,744
3,930
-
65,355
-
69,285
-
1,350
1,350
67,935
70,679
-
-
70,679
66,324
4,356
70,679

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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 £300 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:

Fixtures and fittings 20%
Equipment 20%
Vehicles 20%
Building 2%

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Notes

1. Income

1.
Income
Income
Donations and legacies
Total donations & legacies
Other income
Other income
Total other income
Total Income
2.
Expenditures
Charitable Activities
Premises
Utilities
Travel
Motoring & transportation
Insurance
Administration
Advertising
Central office
Operations
Professional fees and services
Honorarium
Depreciation
Total Charitable Activities
Other Charitable Activities
Outreach
Levies & Dues
Welfare & Benevolence
Charitable Donations
Total Charitable Activities
Other Costs
Other costs
Legal fees
Accountancy fees
Total Other Costs		 2020
40,401
40,401
10,956
10,956		 2019
45,160
45,160
10,490
10,490
51,356
2020
£
3,300
197
687
287
213
15,407
-
2,470
6,470
2,542
1,400
686
33,658
150
-
350
45
55,650
2019
£
11,480
36
5,655
1,517
265
10,092
207
3,455
4,918
3,887
4,725
686
46,923
2,797
-
325
649
545
-
1,800
600
2,400		 3,771
-
-
600
600

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Notes

3. Tangible Assets

Cost
At 1 January 2020
Additions
Disposals
Revaluations
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
Adjustments
At 31 December 2020
Net Book Value
At 31 December 2019
At 31 December 2020		 Vehicles
£
2,533
2,533
507
507
-
1,013		 Equipment
£
896
-
-
896
179
179
-
358
717
538		 Total
£
3,429
-
-
-
3,429
686
686
-
1,372
2,027 2,744
1,520 2,058

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 not payments or reimbursement of expenses to trustee members.

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