OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-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 2022

1

MANCHESTER

THE GRATEFUL CHURCH (RCCG)

Page
Corporate Information 3
Board of Trustee’s Report 4
Independent Examiner’s Report 9
Statement of Financial Activities 10
Statement of Financial Position 11
Accounting Policies 12
Notes 13

2

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

3

Board of Trustee’s Report

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 2022. 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:

4

Board of Trustee’s Report

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 2022

In-person Worship Services (online services were held from Jan to Apr) and 52 Wednesday Bible Study meetings in the year 2022.

Marriage Seminar – 6th to 27th of February, 2022

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

Mother’s Day – 27th March, 2022

As usual, 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 6th Year anniversary – 10th of April, 2022

In the effort to advance the Christian Faith, The church celebrated its 6th year anniversary on the 10th of April, 2022.

Father’s Day – 19th June, 2022

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 – 9th – 30th October, 2022

The church organised a finance seminar to educate its members on how to acquire, manage and grow their wealth. Several financial management professionals nationwide were invited to speak to the church

congregation. It was a successful programme that’s empowers the congregation financially. We hope to do more.

5

Board of Trustee’s Report

Student Welcome Week – September 2022

The church organised a welcome outreach to all new local and international student coming into Manchester. As a result of this, some new students joined the church. And many are actively serving the Lord.

Health Awareness Seminar – 20th November, 2022

The church organised a Health Awareness seminar to educate its members on how to manage and celebrate their health. The St. John’s ambulance were invited to speak and demonstrate to the church congregation on health matters. It was a successful programme that’s empowers the congregation to live healthily. We promise to do more.

Santa Claus (Father Christmas) Grotto

Due to Covid-19 impact, this was not Observed in 2022, plans are in place to resume.

Community Christmas Lunch 11th December, 2022

The church organised a Christmas Lunch for the community in order to share the love of Christ and the Christian Faith with the community

Public Charitable Visit & Support – December, 2022

The Church visited the Mariana House, located on 45-47 Alexandra Road South, Whalley Range, Manchester, Greater Manchester, M16 8GH to show our support with some love with charitable donations.

Charitable Support

During the year 2022;

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 as stated in Charitable support. The church supports other charities and missionary that shares its objects in advancement of

6

Board of Trustee’s Report

Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need to avoid homelessness and give training for Jobseekers.

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.

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 2022, the church had a total income of £57,465. Total operating charitable expenditure was £51,593 giving a surplus of £5,871.

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.

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 £9.50 per hour, the volunteer's effort will amount to over £29,500.

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.

7

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 13 August 2023 and signed on their behalf by:

Full Name: Mr Adeleke Ige

Signature: Position: Chairman

Date: 13 August 2023

8

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 2022 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: 13 August 2023

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

9

Statement of Financial Activities: Year Ended 31st December 2022

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		 2022
2022
2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
46,227
-
46,227
11,237
-
11,237
57,465
-
57,465
57,465
-
57,465
43,831
43,831
7,163
-
7,163
600
-
600
51,593
-
51,593
5,871
-
5,871
-
-
5,871
-
5,871
88,424
-
88,424
94,295
-
94,295		 2021
2021
2021
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
36,597
-
36,597
12,609
-
12,609
49,206
-
49,206
49,206
-
49,206
40,963
40,963
2,752
-
2,752
2,500
-
2,500
46,214
-
46,214
2,992
-
2,992
-
-
2,992
-
2,992
85,432
-
85,432
88,424
-
88,424

10

Statement of Financial Position: Year Ended 31st December 2022

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		 2022
2021
£
£
686
1,372
686
1,372
4,940
652
95,959
86,510
-
-
95,959
92,102
-
-
2,350
5,050
2,350
5,050
93,609
87,052
94,295
88,424
-
-
-
-
94,295
88,424
88,424
85,432
5,871
2,992
94,295
88,424

11

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%

12

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
Finance charges
Central office
Operations
Events and performances
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		 2022
£
46,227
46,227
11,237
11,237		 2021
£
36,597
36,597
12,609
12,609
57,465
2022
£
9,599
185
2,744
1,114
1,043
13,368
31
10
3,306
7,251
-
724
3,771
686
43,831
5,574
-
674
915
7,163
-
-
600
600
49,206
2021
£
5,963
161
2,180
800
-
13,249
294
-
5,373
4,874
-
3,500
3,885
686
40,963
-
-
1,600
1,152
2,752
-
1,800
700
2,500

13

Notes

3. Tangible Assets

Cost
At 1 January 2022
Additions
Disposals
Revaluations
At 31 December 2022
Depreciation
At 1 January 2022
Charge for the year
Adjustments
At 31 December 2022
Net Book Value
At 31 December 2021
At 31 December 2022		 Vehicles
£
3,800
3,800
2,786
507
-
3,293		 Equipment
£
1,134
-
-
1,134
776
179
-
955
358
179		 Total
£
4,934
-
-
-
4,934
3,562
686
-
4,248
1,014 1,372
507 686

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.

14