## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)**
## **SAINTS IN LIGHT ASSEMBLY**
**Charity Registration Number: 1174255**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 8[TH] OCTOBER 2022**
## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)**
## **SAINTS IN LIGHT ASSEMBLY**
## **YEAR ENDED 8[TH] OCTOBER 2022**
|**Contents**||
|---|---|
|REPORT OF THE TRUSTEES|2 – 6|
|INDEPENDENT EXAMINER’S REPORT|7|
|STATEMENT OF FINANCIAL ACTIVITIES|8|
|STATEMENT OF FINANCIAL POSITION|9|
|NOTES TO THE FINANCIAL STATEMENT|10 – 14|
2
## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)**
## **SAINTS IN LIGHT ASSEMBLY**
## **Report of the Trustees**
## **For the Year Ended 8[th ] October 2022**
The trustees present their report with the financial statements of the charity for the year ended 8[th] October 2022. The trustees have adopted the provision of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Charity Registration No**
1174255
## **General Overseer**
Pastor E. A. Adeboye
## **Trustees**
_The trustees who served during the period were as follows:_
|Pastor Adetola David Odumade|-|Chairman|
|---|---|---|
|Mrs Funmi Odumade|-|Member|
|Mrs Ayomide Aladesanmi|-|Member|
|Dr Abiodun Bamidele|-|Member|
|Dr Annock Gabriel Chinowa|-|Member|
## **Minister-in -charge**
Pastor Olalekan Aladesanmi
## **Principal Address**
Emmanuel Church Hudson Road, Sunderland SR1 2AQ
3
## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)**
## **SAINTS IN LIGHT ASSEMBLY**
## **Report of the Trustees**
## **For the Year Ended 8[th] October 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
The charity is an unincorporated association governed by a trust deed. Eligibility for members of charity and members of board of trustees is governed by the trust deed.
There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
## **Organisation Structure**
The church is organised such that the trustees meet at regular intervals to manage its affairs. The day to day activities of the church is administered by the Pastor-in-charge:-
## _**Pastor Olalekan Aladesanmi**_
## **Volunteers**
Many volunteers sacrifice their time to help with the routine activities of the church. We are greatly indebted to these volunteers for their unwavering commitment and support.
## **Appointment of New Trustees**
A new Trustee member may be appointed by a resolution of the Board recorded in the minutes and signed by the Board and such record shall be conclusive evidence of his/her appointment.
The following new trustees were appointed by the resolution of the Board on 17th July 2022:
- Mrs Funmi Odumade
- Mrs Ayomide Aladesanmi
There was no trustees’ remuneration or other benefits.
## **Risk Management**
The trustees actively review the major risks which the charity faces on a regular basis. The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to mitigate these risks.
## **Related Parties and Objective**
4
RCCG Saints in Light Assembly is a member of Redeemed Christian Church of God (RCCG) which has parishes in many countries of the world. The relationship between the parishes and RCCG is governed by an agreement for common purposes.
## **Principal Funding Sources**
The sources of fund are provided mainly through tithes and offerings by church members as well as gift aid.
## **Objects and Activities**
The principal object 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 objective, the charity adopted the following strategies;
- Conducting Sunday worship services, midweek Bible study and prayer meetings;
- Running seminars in the church with proven ministers of faith to guide members in the various aspects of Christian faith;
- Support for other charities and Christian events; and
- Regular visitation within the local community to provide required support.
The activities for achieving its objectives include:
- Community outreach events
- Conference and events
- Welfare support to members and general public; and
- Various missionary activities
## **Achievements and Future Developments**
This year we have successfully share our Christian faith by promoting positive values to reduce social vices among the youths in our communities, delivering comprehensive career development path for students and many more community-oriented events.
As we pursue life transforming programmes and embark on spreading the gospel of Christ, we anticipate transformation in peoples’ life and growth in membership that will lead to planting of more parishes.
Indeed, the present level of funding is sufficient to support the continuation of the church objectives.
## **Trustees’ Responsibilities**
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charity, and of the incoming resources and application of resources for that period. In preparing those financial statements, the trustees have:
- ❖ Selected suitable accounting policies and applied them consistently;
- ❖ Observed the methods and principles in the Charity SORP;
- ❖ Made judgements and estimates that are reasonable and prudent;
5
- ❖ Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- ❖ Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the charity will continue in operation).
- ❖ The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which 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 2005 SORP for charities and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2007). They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the detection and preventions of fraud and other irregularities.
APPROVED BY THE TRUSTEES & SIGNED ON ITS BEHALF BY:
…………………………………………………… Pastor Adetola David Odumade - Chairperson
25/04/2023 Date: ………………………………
6
## RESOURCE ACCOUNTANCY PRACTICE LIMITED
_Chartered Certified Accountants and Business Advisors_
## **INDEPENDENT EXAMINER’S REPORT**
TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) SAINTS IN LIGHT ASSEMBLY
I report on the accounts of the charity for the year ended 8 October 2022 which are set out on pages 8 to 13.
## RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE 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 142(2) of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of Charities Act 2011;
- follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
- state whether particular matters have come to my attention.
## BASIS OF EXAMINER’S STATEMENT
My examination was carried out in accordance with the 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 you as 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 statements below.
7
## EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
- proper accounting records are kept (in accordance with section 41 of the Act); and
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of Act; or
(2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Akintayo Ojo FCCA
Date: 24 April 2023
8
## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)**
## **SAINTS IN LIGHT ASSEMBLY**
## **Statement of Financial Activities**
## **For the Year Ended 8[th] October 2022**
|**Notes**
**INCOMING RESOURCES**
Donations, Legacies and similar
incoming resources
3
Activities in furtherance of charity's
object
4
**Total Incoming Resources**
**RESOURCES EXPENDED**
Grants and Donations
5
Costs of activities for Charitable
objectives
6
Support costs
7
Management and Governance Cost
8
**Total Resources Expended**
Net (Resources expended/Incoming
Resources)
Total Funds brought forward
**Total Funds carried forward**|**2022**
**2021**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
28,870
-
28,870
14,365
2,334
-
2,334
2,965|
|---|---|
||**31,204**
**-**
**31,204**
**17,330**|
||7,061
-
7,061
3,569
3,000
-
3,000
3,000
8,755
-
8,755
4,159
1,807
-
1,807
1,293|
||20,623
**-**
20,623
**12,019**|
||10,582
-
10,582
5,311
14,312
-
14,312
9,001|
||**24,894**
**-**
**24,894**
**14,312**|
9
## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)**
## **SAINTS IN LIGHT ASSEMBLY**
## **Statement of Financial Position**
## **For the Year Ended 8[th ] October 2022**
|**Notes**
**Non-current Assets**
Tangible Assets
9
**Current Assets**
Cash in Bank
**Short Term Liabilities**
Creditors (amount falling due in one year)
10
Net Current Assets
**Net Assets**
**Charity Funds**
Unrestricted
Restricted
Total Charity Funds
11|**2022**
**2021**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
6,387
4,655|
|---|---|
||24,488
14,212|
||24,488
14,212|
||5,980
4,555|
||**18,507**
**9,657**|
|||
||**24,894 **
**14,312**|
||24,894
14,312
-
-|
||**24,894 **
**14,312**|
The financial statements were approved by the Board of Trustees on ……………………. and were 25/04/2023 signed on its behalf by:
……………………………………………. Pastor Adetola David Odumade - Chairperson
10
## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)**
## **SAINTS IN LIGHT ASSEMBLY**
## **Notes to the Financial Statements**
**For the Year Ended 8[th] October 2022**
## **1. Accounting Policy**
The fundamental accounting policies, all of which have been consistently applied throughout the year, are set out below:
## **(a) Scope and Basis of Preparation**
The financial statements of Solution Assembly have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **(b) Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purposes.
## **(c) Incoming Resources**
All incoming resources are accounted for when the Charity is legally entitled to the funds and the amount can be quantified with reasonable accuracy.
## **(d) Resources Expended**
All expenditure is accrued for on accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
## **(e) Cash flow**
The financial statements do not include a cash flow statement because the church, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective June 2002).
## **(f) Tangible Fixed Assets and Depreciation**
Depreciation is charged on an annual rate on a reducing balance basis in order to write off each asset over its estimated useful life.
11
**Asset Category Annual Rate** Motor Vehicle 10% on cost Fixtures and Fittings 20% on cost Equipment 20% on cost
## **(g) Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **2. Trustees’ Remuneration and Benefits**
There were no trustees’ remuneration or other benefits for the year ended 8[th] October 2022.
|**3. Donation, Legacies and Similar**
**Incoming Resources**
Tithes
Offering
Thanksgiving
Seed of Faith
First Fruits
Projects (e.g. Building fund)
Welfare (e.g. Love Christmas gifts)
Mission
Others (e.g., Sunday school manuals,
Church branded clothes)
**4. Activities in Furtherance of Charity**
**Object**
Grant received – Gift aid receipts|**2022**
**2021**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
15,901
-
15,901
9,507
8,936
-
8,936
4,028
654
-
654
339
322
-
322
30
1,645
-
1,645
75
288
288
-
390
-
390
195
50
-
50
55
685
-
685
135
**28,870**
**-**
**28,870**
**14,365**
**2022**
**2021**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
2,334
-
2,334
2,965
**2,334**
**-**
**2,334**
**2,965**|**2022**
**2021**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
15,901
-
15,901
9,507
8,936
-
8,936
4,028
654
-
654
339
322
-
322
30
1,645
-
1,645
75
288
288
-
390
-
390
195
50
-
50
55
685
-
685
135
**28,870**
**-**
**28,870**
**14,365**
**2022**
**2021**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
2,334
-
2,334
2,965
**2,334**
**-**
**2,334**
**2,965**|
|---|---|---|
||||
||||
|||**2,334**
**-**
**2,334**
**2,965**|
12
|**5. Grants Paid (Institutional and Non-**
**institutional)**
RCCG - World Evangelical Mission
RCCG - Central Office Fund
RCCG Area fund
RCCG Good Women Fellowship
Evangelical Support
African Mission
Love Christmas Project
Financial Assistance
**6. Cost of Activities for Charitable**
**Objectives**
Rent
**7. Support Costs**
Books/Postage/Stationeries
Travel /Transport
Hospitality/Welfare
Printing
IT subscription
Electricity, heating &water
Road tax
Fuel
Vehicle repairs
Insurance
Sundry expenses
Bank charges||**2022**
**2021**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
4,263
-
4,263
1,554
650
-
650
550
526
-
526
195
100
-
100
-
200
-
200
300
100
-
100
-
1,021
-
1,021
969
200
-
200
-|
|---|---|---|
|||**7,061**
**-**
**7,061**
**3,567.58**|
|||**2022**
**2021**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
3,000
-
3,000
3,000|
|||**3,000**
**-**
**3,000**
**3,000**|
|||**2022**
**2021**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
647
-
647
540
104
-
104
-
1,958
-
1,958
833
1,395
-
1,395
353
294
-
294
215
940
-
940
570
173
-
173
168
1,005
-
1,005
329
1,246
-
1,246
482
634
-
634
550
246
-
246
119
114
-
114
-
**8,755**
**-**
**8,755**
**4,159**|
||||
13
||||||**2022**|**2021**|
|---|---|---|---|---|---|---|
|||**Unrestricted**||**Restricted**|**Total**|**Total**|
|||**Funds**||**Funds**|**Funds**|**Funds**|
|**8. Management and Governance Cost**||**£**||**£**|**£**|**£**|
|Retreat/Training||100||-
|100|-|
|Honourarium||150||-
|150|200|
|Local Council fee||200||-
|200|195|
|Depreciation||1,357||-
|1,357|898|
|||**1,807**||**-**
|**1,807**|**1,293**|
|**9. Non-current Assets: Tangible**|||||||
|**Assets**|||||||
||**Motor**|
**Fixtures**|||||
||**vehicles**|
**& Fittings**|**Equipment**||**Total**||
|**Cost**|£|
£||£|£||
|As at 9 October 2021|3,000|
602||3,626|7,228||
|Additions|-|599||2,489|3,088||
|**At 8 October 2022**|**3,000**|
**1,201**||**6,115**|**10,316**||
|**Depreciation**|||||||
|As at 9 October 2021|1,083|
343||1,147|2,573||
|Charge for the year|192|
172||994|1,357||
|**At 8 October 2022**|**1,275**|
**515**||**2,141**|**3,930**||
|**Net Book Value**|||||||
|**At 8 October 2022**|**1,725**|
**686**||**3,975**|**6,387**||
|||**2022**||
**2021**|||
||||**£**|
**£**|||
|**10. Creditors: Amount Falling Due Within**|||||||
|**One Year**||5,980||
4,557|||
|**11. Movements in funds**|||||||
|**11. Movements in funds**||
|---|---|
|**Unrestricted Funds**
General Funds
**Restricted Funds**
Restricted
**Total Funds**|**At**
**09/10/2021**
**Net**
**movement**
**in funds**
**At**
**08/10/2022**
£
£
£
14,312
10,582
24,894
-
-
-|
||**14,312**
**10,582 **
**24,894**|
14