The Redeemed Christian Church of God Overcomers House, Plymouth Annual Report and Unaudited Financial Statements for the year ended 31 August 2022 Charity Number: 1177199 RCCG Overcomers House Plymouth Charity Information for the year ended 31 August 2022 Trustees who served in the year Adekemi Fayose Timibloudi Enamamu Charity Commission Number 1177199 Registered Office and Correspondence Address 59 Lewes Gardens Plymouth PL5 4EB RCCG Overcomers House Plymouth Trustees Report For the year ended 31 August 2022 For the year in view, the Parish has considered the Charity Commission guidance on public benefit and particularly the specific guidance on charities for the advancement of religlon. We have continued to ali8n with the mission and vision of the umbrella body. The Redeemed Christian Church of God. United Kingdom IRCCG UKI to enable ordinary people to live out their faith as part of their community through worship and prayer, teaching and learning of the Gospel and promotion of pastoral care for those in the tommunity that have a need and request for it. On the 1Slh of April 2022. a new Parish was inaugurated in Keyham. Plymouth by our Area Pastor, Pastor Olisa Nwabueze of RCCG House of Grace. Oxford. The new Parish 15 called RCCG Church Without Walls Centre. headed bv Deacon Oladipo Idowu. Since the lifting of the covid-19 restrictions we have continued to hold our Sunday Worship services and the monthly Holy Communion Service at the Davie Hall, while our midweek faith discu55ion 8roups continue online. We carry our regular weekly outreach events at the Citv Centre in conjunction with members of other churches with a similar evangelical focus. We continue to make regular contributions to the RCCG UK World Evangelism Mission IWEMI and Central Office Fund ICOF) and to fully participate in the various Central Office activlties like STAR webinars and the Global Outreach Day IG.O.D.). We regularly attend and support the various events and meetin85 or8anlsed by RCCG UK at the various levels.. Area, Zone, Province. Region and National. including meetings of Pastors With the Area Pastor, Regional Pastor and the national Chalrman. All activities continued to be carried out under the direct oversight of the Minister-in-charge, PastorAbayomi Fayose. ANNUAL AND FINANCIAL REVIEW The Statement of Financial Activities shows a net deficit for the year of -£2,19812021 surplus of £14.4191. Reserves stand at £26,72012021 £ 28.918) in total, of which £606 15 held in fixed assets 12021 £7841. All funds are unrestritted. RESERVES POLICY The Trustees have established a policy wherebythe unrestricted funds not committed or invested in tangible fixed assets Should ideally be between three and six months of the resource5 expended, which equates to £10,164 to £20.330 in the year ended 31 August 2022. At thr5 level the Trustees feel they would Still be able to carry on the Charity's activities for a few months in the event of a significant fall in funding. At the present time these funds stand at £ 26,720 which is over the top of the above range. RISK MANAGEMENT The Trustees are alerted to operational and financial risks and are fully aware of the need to maintain free reserves at the levels stated above to continue the work of the Charity and the aspirations for the future. Throu8h this medium of periodic reporting the Trustees are exercising an active review of major risk. STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year that give a true and fair view ol the state of affairs of the charity and of its incoming resources and application of resources durin8 the year. In preparing those financial statements. the Trustees are required to: select suitable accounting policies and apply them consistently,. make judgements and estimates that are reasonable and prudent,. state whether applicable accounting standards have been followed. subject to any material departure5 disc105ed and explained in the financial 5tatements,' prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity and the group will continue in operation. The Trustees are re5pon5ible for keepin8 proper accounting record5 which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguardin8 the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Si8ned on behalf of the Board of Trustees: 2710412023 DrTimi Enamamu 0210512023 Mr5 Adekemi Fayose INDEPENDENT EXAMINEWS REPORT TO THE RCCG OVERCOMERS HOUSE PLYMOUTH YEAR ENDED 31ST AUGUST2022 I report on the attached accounts ofthe RCCG Overcomers Plymouth I"RCCG"I forthe year ended 31 August 2022, in respect of an examination carried out under regulation 3 of the Church Accounting Regulation5 1997 to 2001 and Section 145. Charites Act 20111"the 2011 Act"). Respertlve responsibilities of trustees ond examlner The charity's trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year under Section 144 of the 2011 Act and that an independent examination is needed. It 15 my responsibility to- examine the accounts under sertion 145 of the 2011 Act: to follow the procedures laid down in the General Directions given by the Charitv Commi55ioner5 (under section 14515llbll of the 2011 Act,. and to State whether particular matters have come to my attention. &90515 of Independent Exuminerfs Statement My examination wa5 carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the acco¢Jnting records kept by the charity and a comparison of the accounts presented with these records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanatlons 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 15 limited to those matters as set out in the Statement below. Independent Exominerfs Stotement In connection with my examination. no matter has come to my attention.. iii which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with sertion 130 of the 2011 Art; and to prepare accounts which accord with the accounting records and comply with the accotsnting requirements of the 2011 Att, have not been met- or 121 to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. A P Jopson. FCA Date (Fellow of the Institute of Chartered Accountant5 in England & Wales) Tony Jopson & Co Ltd, Peverell Corner, 246 Peverell Park Road. Plymouth, PL3 4QG 5..If .l.L ? ........ RCCG Overcomers House Pl mouth statement of financial activitres Incorporating income and expenditure account Forthe year ended 2022 2021 comln resourc Offerlng Tithe Pledge5 Gift aid Plymouth City Council 7,783 20.544 866 7,290 4,282 23.822 953 7.013 16,697 Donations & Top-ups Award- Green Pastures HMRC- Grant re covid Interest Total Incom5ng resour¢e5 730 100 10,376 1,976 38,461 Resources ex ended Remittances Icentral office & WEMI Area dues Travellin8 expenses Honorarium Printing, postages & stationery Communion Elements & refreshments Rent 4,512 330 4.794 144 197 800 244 411 3.600 1.500 Salanes & Wages Conferences & events Books & Clergy materials Repairs & Maintenan Website & Internet Homeless project Accountancy fee Depreciation Total resources expended 23.330 4,943 322 24,416 28 95 16,791 430 800 936 40.659 785 49.556 Net Movement in funds Balance brought forward Balance carried forward (2,198) 28,918 26.720 14,419 14.499 28.918 RCCG Overc mers House Pl Balance Sheet at 31 August Notes mouth Fixed A55etS 2022 2021 Tangible assets 606 784 Current A sets 606 784 Debtors Glft aid debtor Bank Cash in hand 16.312 16.392 9.021 25,963 Current Liabilities Creditors amounts fallin8 due within one year 32.704 34,984 6.590 6.851 6,590 6,851 Net Assets 26.720 28,918 unrestricted Opening Balance Net Surplus (Deficit) 28,918 12,1981 14,499 14,419 26,720 28,918 Net Fund5 26.720 28.918 The Council of Members considers that the Charity is exempt from an audit and a report under Section 144111 of the Charities Att. The trustees acknowledge therr responsibility for,. 11 ensuring the charity keeps accounting records which comply with the Charities Act,. and 21 preparin the end of t accounts which give a true and fair view of the state of affairs of the charity as at e financial period, and of its income and expenditure for the period. The financial statements were approved by the Trustees on It5 behalf by 2023 and signed on 2711WOZ3 Dr Timi Enamamu 02105/2023 Mrs Adekemi Fayose RCCG Overcomers House Pl mouth Notes to the Accounts as at 31 August 2022 l. Accounting Policles Basls of preparation of accounts The financial statements have been prepared in accordance with applicable accountln8 Standards and under the historical c05t accountin8 rules. Accruals accounting has been applied. The accounts comply with the Charities Act 2011 and the Charity Commissions Statement of Recommended Practice {revised 2(h)5). Accounting by Charities. The charity has taken advantage of the exemption from preparing a cash flow Statement ¢onferred by Financial Reporting Standard No. l on the grounds that if it had been incorporated 35 3 company Lrnder the Companies Act 2006 it would have qualified as a small company. Incomlng resources Voluntary incorne and donations are included in incoming resources when they are received, except when the donors specify that they mts5t be used in future accounting period5 or donors. conditions have not been fulfilled. then the income is deferred. Resources expended Resources expended are included in the Statement of Financial Activities on accrual ba51S, inclusive of any VAT. whlch cannot be recovered. Taxatlon Based on its status as a reglstered charity and the use of funds for charitable purposes. RCCG Overcomers House, Plymouth is exempt from corporation tax. Deslgnated and restrfrted funds These are detailed in the notes to the accounts Tangible fixed assets Depreciation is based on strai8ht Ilne method on tangible fixed assets to write the assets off over the term of their estimated useful life at the followin8 rate5'. Fixtures. fittings 3nd musical instruments 20% RCCG Overcomers House Pl mouth Note 2 - Fixed Assets Plant & equipment Vehicle Total Cost Cost at I September 2021 Additions Disposa15 Cost at 31 Au8USt 2022 3.924 758 3,924 758 4,682 4,682 Depreclatlon Accumulated depreciation at I September 2021 Charge for year Depreciation on disposal Accumulated depreciation at 31 August 2022 3,140 936 20.00% 3,140 936 4.076 4,076 Net Book Values At 31 August 2022 606 606 At 31 August 2021 784 784 yle 31.8.22 y/e 31.8.21 Note 3 Debtors Gift Aid recoverable 16,312 16.312 9,021 9,021 Note 4 Creditors Central off ice remittances Accountancy fee Other cre(Jitors 497 4,795 2,951 Accrued expenses 2.742 6,590 2.056 6,851 RCCG Overcomers House Pl mouth 5. Funds Unrestricted funds Unrestricted funds comprise those funds. which the trustees are free to use in accordance with the charitable objects. All funds are currently unrestricted. 6. Transactlon5 wlth Trustees None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity. One of the trustees (Adekemi Fayosel is the spouse of the pastor. The pastor received remuneration totalling £23.330. No expenses have been received by trustees in relation to their roles as trustees and there have been no related party transactions.