## 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:
- Organise Weekly Christian Faith based Service, Bible Study and Prayer Meetings
- Running seminars in the church with proven ministers of the faith to guide members in the various
4
## **Board of Trustee’s Report**
aspect of Christian faith,
- Organise Career & Prayer Seminars
- Support for other charities and Christian events,
- Providing overseas aid and famine relief, and
- Involving in economic and community development
The activities for achieving its objectives include:
- Community outreach events
- Conferences and events
- Welfare support to members and general public, and
- Various missionary activities
## **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.
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## **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.
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## **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;
- The church sent some charity donations to MARIANA HOUSE Manchester, United Kingdom.
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## **Board of Trustee’s Report**
- The church sent some monetary support to RCCG World Evangelism Mission (WEM), Redemption House, Stevenage SG1 2TA, United Kingdom
- The Church sent some monetary support to RCCG Jubilee Church Festival of Praise (FOP) revival programme in the city of Manchester.
- The sent some monetary support to Worship His Majesty, Manchester
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.
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## **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.
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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:
- 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.
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
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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 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:
- 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:** 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
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## **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