OpenCharities

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

← The Grateful Church (Rccg)

2023-12-31-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 2023

1

MANCHESTER

THE GRATEFUL CHURCH (RCCG)

Page
Corporate Information 3
Board of Trustee’s Report 4
Independent Examiner’s Report 11
Statement of Financial Activities 12
Statement of Financial Position 13
Accounting Policies 14
Notes 15

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 2023. 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 again invited and or co-opted under the terms of the trust deed. All trustees have severed for more than eight (four + another four) years. No Trustees have indicated a withdrawal from the office or willingness to step down from the position

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, working currently with 9 Ministers (6 Ordained & 3 Altar).

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

aspect of Christian faith,

The activities for achieving its objectives include:

Achievements and Performance

The Grateful Church RCCG, Manchester opens 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 2023

52 In-person Sunday Worship Services (online services were also supported) and 52 Wednesday Bible Study meetings in the year 2023.

Marriage Seminar – All Sundays & Wednesday of February, 2023

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

Mother’s Day – 19th March, 2023

As usual, the Church appreciated and celebrated the life and effort all MOTHERS in the congregation. Mothers in the Church have always been positive influential Role Models.

The Grateful Church 8th Year anniversary – 22nd of April, 2023

In the effort to advance the Christian Faith, the church celebrated its 9th year anniversary on the 22nd of April, 2023.

Father’s Day – 18th June, 2023

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

5

Board of Trustee’s Report

Student Welcome Week – September 2023

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. One of them became the Manager of our FOODBANK

Financial Conference – every Sunday in October, 2023

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 much more next year.

Health Awareness Seminar – all Sundays in November, 2023

The church organised a Health Awareness seminar to educate its members on how to manage and celebrate their health. A Consultant Cardiologist was invited to speak and some health awareness charity were invited to demonstrate to the church congregation on health matters and measurement. It was a successful programme that’s empowers the congregation to live healthy. We promise to do even much

more.

6

Board of Trustee’s Report

Community Christmas Lunch - December, 2023

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 Outreach & Support – December 2023

The Church organized a Support and Donation outreach to the Homeless in Manchester, UK to show our support and some love with charitable donations.

Community Christmas Celebration Service – 10th December 2023

The Church organized a Community Christmas Celebration service for members and the public, and it was a time of Christmas Celebration with MUSIC, FOOD, GIFTS, AWARDS and PRAYERS. It was well attended by the members and the general public.

Charitable Support

During the year 2023;

7

Board of Trustee’s Report

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 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 2023, the church had a total income of £70,167. Total operating charitable expenditure was £68,490 giving a surplus of £1,678.

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.

8

Board of Trustee’s Report

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 £10.42 per hour, the volunteer's effort will amount to over £31,200.

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.

9

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 20 October 2024 and signed on their behalf by:

Full Name: Mr Adeleke Ige

Signature: Position: Chairman

Date: 20 October 2024

10

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 2023 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: 20 October 2024

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

11

Statement of Financial Activities: Year Ended 31st December 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 December 2022
Total funds carried forward at 30 November 2023		 2023
2023
2023
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
55,775
55,775
14,392
-
14,392
70,167
-
70,167
70,167
-
70,167
60,939
-
60,939
4,814
-
4,814
2,737
-
2,737
68,490
-
68,490
1,678
-
1,678
-
-
1,678
-
1,678
94,295
-
94,295
95,972
-
95,972		 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
39,801
-
39,801
10,468
-
10,468
1,324
-
1,324
51,593
-
51,593
5,871
-
5,871
-
-
5,871
-
5,871
88,424
-
88,424
94,295
-
94,295

12

Statement of Financial Position: Year Ended 31st December 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
£
-
-
-
-
97,867
-
97,867
1,895
1,895
95,972
95,972
-
95,972
94,295
1,678
95,972		 2022
£
686
686
-
95,959
-
95,959
2,350
2,350
93,609
94,295
-
-
94,295
88,424
5,871
94,295

13

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%

14

Notes

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
£
55,775
-
55,775
13,116
1,276
14,392		 2022
£
46,227
-
46,227
11,035
202
11,237
70,167
2023
£
26,741
437
484
2,030
-
16,098
31
9,640
9
686
4,782
60,939
580
3,489
100
645
57,465
2022
£
9,599
185
850
2,982
1,043
13,551
31
7,093
10
686
3,771
39,801
5,574
3,306
674
915
4,814
2,137
600
2,737		 10,468
724
600
1,324

15

Notes

3. Tangible Assets

Cost
At 1st Dec 2022
Additions
Disposals
Revaluations
At 30th Nov 2023
Depreciation
At 1st Dec 2022
Charge for the year
Adjustments
At 30th Nov 2023
Net Book Value
At 1st Dec 2022
At 30th Nov 2023		 Sound &
Musical
Inst
£
-
-
-
-
-
-
-		 Motor
Vehicles
£
3,800.00
-
-
3,800
3,293.00
507.00
-
3,800
507
-		 Fixtures &
Fittings
£
-
-
-
-
-
-
-
-		 Machinery &
Equipment
1,134.00
-
1,134
955.20
178.80
-
1,134
179
-		 Total
£
4,934
-
-
-
4,934
4,248
686
-
4,934
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.

16