The Redeemed Chrlstlan Church of God-lesvs Love Fellow5hlp Centre tharlty Re8. No 1174904 TRUSfEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY, 2023 RCCG-Jesus'Love Fellowship Centre.. Reportsfvr the Yecr ended31AeJts*¥try.302 The Redeemed Chrlstfian Church of God-lesus Love Fellowsblp Centre Page Reference and Administrative Details of the Charity Trustees, Report 4-5 Independent Examinerfs Report ststement of Financlal Actfvftles Balance Sheet Notes to the Financial Ststements 9-11 RCCG-j￿lrf£ov8 Fellowship Céntrg.. Reportstor the Year ended 31stJth4qry202 Tbe Redeemed Christlan Church of God-lesus Love Fellowship Centre REFERENCE AND ADMINisfRATIVE DETAILS OF THE CHARITY. ITS TRusfEES AND ADVISERS FOR THE YEAR ENDING 31st JANUARY. 2023 GENERAL OVERSEER Trustees Mr. Chukwuma ONYEOJI Mrs. Esther ITEMAN Mr Solomon C￿uNG8£SAN Charlty Re8lstratlon Number 1174904 Prlnclpal Office 70, Crompton Way, Lowton Warrlngton WA3 IFS. Postor lft Chorge Independenl Examiner Adebayo OLABISI. FC& FFA. FIPA 7. Mossbrook Drlve, Manchester. M38 9TJ 8ankers Barclay5 Bank RCCG-Jesurfkne Fellowshlp Centre.. Reportsfvr the Yearended 31rtl&ry¥ary2023. The Redeemed Christian Church of God-lesus Love Fellowshlp Centre TRusfEfs REPORT FOR THEYEAR ENDED 31"JANUARY, 2023 The Trustees submlt thelr annual report and the financial Statements of The Redeemed Chrfstlon Church oAGod(RCCGJJESUSLOVEFELLOWSHIPCENTREPARISHlThe Churftyj for the Year ended 31st January. 2023. The Trustees confinr* that the Annual Report and the Financial Statements of the Charity compw with the current ststutory requirements of the ChariVsgoveming documents and the provisions of the Ststement of Reo)mmended Practice ISORP) "Accountong and Reportlng by Charltles"15sued in March 21x15 STATUS: The Charity was constituted under a Tru￿ Deed dated 2 Januaryi 2014 as amended by re501ution dated 25th March. 2017. It was ￿gIstered In En8land and Wales wlth Charity number 1174904 on 29th September. 2017. APPOINTMENT OR ELEcnoN OF TRUSTEES: Trustees are eletted and or appointed under the terms of the Trust Deed. Mr Solomon Ogu￿be$an was appointed as trustee to replace Mrs th Teresa Eshiett on 30 Ottober, 2022. pouaES ADOPTEO FOR ThE IIIDUCTION AND TRAINING OF MÉW TRUSTEES: The Induction process for a newly appolnted member of the Board of Trustees comprfses an Inltlal meetin8 wlth the Chalr and other Trustees, followed by short meetlngs wlth the Pastor in char8e on the power5 and responsibilities of the Trustees. ORGANISATIONAL sfRUCTURE AND DEa5￿N MAKING: The Charlty Is or8an15ed so that the Trustees meet regularly to manage its affair> The Pastor In Char8e- P05tor8enJamln Fakoyo manages the day to day adminlshtion of the Chbrity on • voluntsry basls. RELATED PARTY RELATIONSHIPS: RCCG (JESUS LOVEFELLOWSHipcwfREPARISHI Is a Parish of the Redeemed Chrfstlan Church of God whlch has parishes all over the world. The Parish's relationship with other Parlshes is g¢wemed by an-A8reement of Cornmon Purpose". RISK MANAGEMENT: The Trustees have assessed the major rlsks to whlch the Charlty Is exposed, In partlcular those related to operations and finances of the Charity, and are satisfied the systems are in place to mitigate our exposu￿$ to the rnaior risks OBJECTS AND AcfiviTIES: The principal object is the advancement of the Christian farth worldwide, and lo promote any charitable activity for the benefft of the local people through.. Runnin8 seminars in the Church wlth proven ministers of the faith to 8ulde members in the various aspects of Christian faith: Support for other Charltle5 and Christian even The actlvities for achlevln81ts objectlves indude: Community outreach events Conferences and events Welfare 5UPPOrt to members and general public, and Variou5 mlsslonary actlvltles FUNDING AND GRAKf W4KING POLICY: The prlnapal Sour￿ of fvndin8 to the Charity is Donations complimented by Gift Aid& The Charity also give out grants and support in line with its objectives. RCCG-JesUs'Love Fellowship Centre." Report5fvr the Year ended31xJaTruqry2023. The Redeemed Chr13tian Churth of God-lesus Love Fellowshlp Centre vow1nE￿. The ChariVsKtlvltlesare rathed out byv(rfunteer5vAbO provlded Ser￿￿ Indlfferent capaatie5. REVIEW OFACTIVlflE* Trustees re(xwd theIrappredati{￿ to all CwK)rs who SUPPDrted the Charityto the tune of £69*4 {£46.227 In ts previou5 year) durt￿ the IWKNJ under review. The Charlty also gave out £3A60 In Donation and Grnnt& The Tn￿ee$ are satisfied with the success of the Charlty In meeUn81ts objectfves and are optimisticthat itwli I ci)ntlnue to do so. It4VESThfjEf4TS.. There were no Investments durfn8 the perlod. STATEMENTS OFTRusfEES' REsPoN￿u￿ES The Trustees are respons5ble for preparln8 the Ann￿1 ReportarMI Flnand•l Ststements In accordance ¥Ath applloble laws and re8ufatlon& Charfty law requlres the Trustees to prepare Financial Ststementsfor eath Finanaal Year. Underth•t law the Trustees have eleae(l io prepare Nnandal Ststements In accordance wlth the Unlted Kin8th)m Generalty Accepted Accountin8 Prdctice (unit￿ Accountin8 Stsndards and appllcable law). The Knancial Ststements are requlred to 8l%t a true ar¥1 fairvlew of the State of affairs of the d￿rIty for that peri(xl. In wÈparin8 these fine￿ial statementy the Tntsteesaré requlred io= Selert sultable accounlln8 polkles and then appty them con￿Stent￿. Make Jud8emerrt and estlmatesthat are msonable and PnKl¢nt: Prepare tr￿ flnandal thtements on the golng concern basls unless It Is Inapproprlate to presume that the companywlll ¢ontfinue In operntlon. The Trustees recognlse thelr responsib1ities to keep proper ac￿untIl¥ records that dlsd05e wlth reasonable acoJracy at any time the financlal po￿lOn of the chartty and enable them to ensure that the Fln¥n¢Éal Ststements compfy wlth Charftles Act 2011. They are also responslble for safeguardlrq the assets of the company and herKe tskin8 reasonable steps for the prevention and detKUon of fraud and other irregularitie5. The appended finandal statementshhybeenprepared on the a¢¢n￿lS basls have been exjmlned by an Independent ts3rn1ner, whose report is also appended. Approved by th• Trustees on ILI_-tsL_J 2023 and s18ned on thelr behalf bv.. Mrs Esther rrEMAN {Trus￿e). RCC&Jesus'&weFellowship Centre.. Reportsfor th8 Yéor 8nd8d 31xknuury.2023. The Redeemed Cbrlstlan Church of God-lesus Love Fellowshlp Centre I re￿t￿thE cltr* Chknftrtt*y￿ 31srJ￿uary, 2023 (xrton pw 7.11 The Chartys Twustees*e respmgble ftYtl* preparatl(m ofthèkwJn& TheCharft An pJamlr0tlon Indudes a of the Acr¢un¥ry r•¢LYd5 k•pt ty th• Ch¥lty and • ¢omparlson d th• Accounts pr•s•ntsd wlth thoje rectyth. It also ofony unuw•l It￿1$ or dtsdosums In th• accounts, and Seeks￿ explana￿0￿$ from you u T￿￿te•S ea￿errIn8 oty matter5. The wocédures undertaken do notprovbdèall the th1dèrKeth¥tWa￿d be requlredln an•ffjrt and ¢owouently I do notexpress an audft oplnl(Jn on the y￿W gl¥en ty the xc4yJnt EXAMiféEWS sfATEMEiir In connèrtlon wkth myexamlnatlon. no matter hascJTh tomyaitenkntORNEme rthsonable cause to belleve that In 3nymaterfal rn5pert the requbrements.. To keep p£wuntI￿ In oGcordan(e ￿*th the requtrwent of Sttdon I#0 of the Charttles kt 2011,. and To prepare Accrymts wthtch xctyd t*lth the a¢(au￿n0 re£¢￿ts and to ciThply wSth the ALxounfjThJ requlrements of th¢ tharltles xt 20U hwenot been metr.or to whlth, In my kyl￿ort, •ii•niion shO￿d be drThn In wd•r to •nabl• a wopw und•rstandlry ofth• èccountsto ￿ r•4th•d. SIGNED IFC4FF FIP 7, Mos5brook Drlve, MancheAw M38 9T1 DATE: RCCG-]esus'Love Fellowship Centre.. Reportsfvr the yearended31#I￿V¢ryjo23. RCCG: Jesus, Love Fellowship Centre, IEigh Statement of Financial Activit￿ for the Year ended 31st January, 2023 Voluntary Donations Glft Ald Recelved 62.157 4L019 7237 5.208 69394 46.217 ftesourus Exp¢nded CharEtable Expendlture Grants Payable.Institutional Cost of Actlvities in fvrtheran¢e of Charltvs Objects Monosement and Govemance Costs Tolal Resourc45 Expend•d 3,960 47,916 3,960 30,670 1,605 36.235 55518 Net IncomIn￿{OUt8Q1￿ Re￿ur￿$ Totsl Funds al the Be8lnniThJ of Ye•r l•nce •t the end olthe Y 13,876 19.109 9,992 9.117 19.109 RCCG-Jesus'Love Fellowship Centre." Reprytsfr the Yeorended 3tstJonuary* 2023. RCCG: Jesus, IA)ve Fellowship Qntre Leigh Balance Sheet as at 31st January. 2023 Tan8ible Assets 5.120 CurrentAssets: Bank and Cash Balances 28A65 14,389 Total Assets 33385 09 Llabllftlos: Amont Due wlthln l Year 19,109 Charlty fund General Unrestrfcted 32￿85 19,109 Totsl Funds 19.109 The Accounts have been prepared In accordance wRh speclal provlslons of Statement of Recommended Prnctlce: A¢wuntin8 ond Reportin8 by Charitles (SORP) Issued In March 2CQ7 as modlfied forsmaller Charltle& 2%J_ALJ2023. Approved by the Tru#ets on: . - . and Slgned on thelr behaEf bv". Mrs Esther ITEMAN RCCG-Jesus' Lowe Fell¢xvshlp cenrre." Itepon5for the rearended31StJonuory. 2023. RCCG: Jesus, Love Fellowship Centre, Leigh Notes to the Accounts for the Year ended 31st January, 2023 Note I Accountlng Policie5 a The Accounts have been preparedunder the Historical Cost Convention in accordan￿ wlth appllcable Accountlng Standard5. They follow Best Practices as ststed out In the Statement of Recommended Practi￿. Accountirvd and Reportin8 by Charities ISORP} Issued in March. 2(NJ7 as modffied for small Charltles. bl Incomels accounted for on Actual Recelpt Basis whlle Expenditures are recorded on Accrual Basis cl Flxed Assets: Comprise of Motor Vehicle5. Musical Equipment, Office Equipment and Furniture items, and are stated at Cost Le55 Depreclatlon dl Depreciation is prowded at rates calculted to write off the cost of the assets Iless expected disposal value) over expected usefvl lives. The followlng rates appty: Motor Vehlcles: Computer and Other Equipment: Funlture & Flttings Note 2 Donatlons. Le8acles and Slfflllar Incom1￿ Resour￿$ 2023 2022 Tithes Offerln8 Thanks8iv4n8 First Fruit & Others 41.871 16,645 3,141 5(M) 62.157 30,135 6,966 1,493 2,425 41,019 Note 3 Glft Ald Recelved: 7.237 S,208 RCCG-Je5us' Love Fellowship Centre." Reportsfvr the Veorended 31stJanuury* 2023. RCCG: Jesus, Love Fellowship Centre. Leigh Notes to the Accounts for the Year ended 3tst January. 2023 202Z World E¥ar8ellcal MissTh IWEM) Central Offlce Fundlng 33fil 3.360 Note 5 Cort ofArtMtlw In Furth•ranc• ofchkn ObJ•Gts Visltln8 Speakers Expenses & Honorarium Trainin8 and Seminars Rent, ratss Ind Ucences Utilitles Welfare Expenses Hospitality Motor Vehlde Expenses Insurance Depreclatlon Repalrs and Malntenance 6.470 2N14 3,415 4,814 3,164 5,220 7,973 3,982 L381 897 2,970 200 3,650 2,769 47,916 30,670 Not• 6 Mana8•m•rt and fJMrnanc• C06ts Admlnlstratlve, Le841 and Professlonal expenses Independent Ex3minerf5 fee io RCCG-Jesus'Lovt Fellowshlp Centre.. Repwtsfv the Yeor ended 3tstJonuory. 2023. RCCG.. Jesus, Love Fellowship Centre, Leigh Notes to the Accounts for the Year e￿Ied 3tst January. 2023 Equiwent Funlttn Total & Flttl At 1st February, 2022 Addltlons durln8 Year Dlsposals At 31stJaThwy• 14,850 l7( 11,6 Depreclatlon At 1st Februaryj 2022 Charge for the Year D15P05als At 315t January. 2023 2,160 530 9,730 3.650 3.71K) 13.380 Net Book Value At 1st February, 2022 5.120 At 31rtJ•nu•ry* 4WO 4910 Not• 8 bala Bank Balances Cash 28,465 14389 28Afj5 Note 9 Credltors & Accnwlj Independent Examlnerfs fee li RCC&Jesus' Love Fellowshlp Centre.. Reportsfv t1￿ Yeorended3tstJanuary. 2023.