The Redeemed Christian Church of God Overcomers House, Plymouth Annual Report and Unaudited Financial Statements for the year ended 31 August 2023 Charity Number: 1177199
RCCG Overcomers House Plymouth Charity Information for the year ended 31 August 2023 Trustees who served in the year Adekemi Fayose Timibloudi Enamamu Charity Commisslon 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 2023 For the year in view, the Par55h has consldered the Charity Commission guidance on public beneflt and partlcularly the speeific guidan on charitie5 for the advancement of religion. We have continued to align with the mission and vision of the umbrella l)ody, The Redeemed Chrlstian Church of God. Unlted Kingdom {RCCG UK) to enable ordinary people to Ilve out their falth as part of thelr community through worship and prayer, teachin8 and learnlng of the Gospel and promotion of pastoral care for those in the community that have a need and request for it. Two years after we resumed face to face meeting at the old venue, another opportunlty came up to move to a new location. This locatlon is a little bigger, wlth more space and is even closer to the university. After samplin8 opinions, we decided to move to Sherwell Untted Church, North Hill PL4 8ER In May 2023 and change our service tlmes to Sunday afternoons, 1-4pm. The con8regation has adjusted to this very well and we have contlnued to experience gradual growth in attendance since we moved. Also. our Medla Department has improved and we're now able to stream our serrfices via the variou5 media platforms. Including Facebook and Snsta8ram. We a150 hold our monthly Holy Communion service in the SheThvell United Churth, whlle our midweek faith discussion 8roups continue onllne. We contlnue to make regular contributions to the RCCG UK World Evan8ellsm Misslon {WEMI and Central offi Fund (COF} and to fully participate In the various Central Olee activltles like STAR webinars and the Global Outreach Day IG.O.D.l. Other community-based artivities include our weekly OLrtreach and evangelism every Saturday at the City Centre. We also contlnue to actlvely network with other Christian groups indudin8 Pray Plymouth and Churches Together In Plymouth Icnpi. All activities continued to be carried out under the dlrect oversight of the Mlnister-In<harge, Pastor Abayoml Fayose. ANNUAL AND FINANCIAL REVIEW The Statement of Financlal Artlvlties show a net wrplus for the year of £26,42412022 deficit of £-21981. Reserves stand at £53.14412022 £ 26.720) in total, of which £1 is held in flxed assets (2022 £6061. All funds are unrestrirted. RESERVES POUCY TheTrustees have established a pollcywherebythe unrestrictedfunds not committed or invested in tangible fixed assets should ideally be between three and six months of the resources expended, which equates to £12,844 to £25.688 In the year ended 31 August 2023. At this level
the Trustees feel they would still be able to carry on the ChariVs activtties for a few months in the event of a significant fall in funding. At the present time these funds stand at £ 53.144 which is over the top of the above range. RISK MANAGEMEKr The Trustees are alerted to operational and financial risks and are fully aware of the need to maintain free resep4es at the levels stated above to continue the work of the Charity and the aspirations for the fLrture. Through this medium of perlodic reporting the Trustees are exercising an active review of major risk. STATEMENT OF RE5PONSIBIUTIES OF THE TRUSTEES Law appllcable to charities In England and Wales requires the Trustees to prepare financlal statements for each financial year that give a true and fair view of the state of affair5 of the charity and of Its incomSng resourS and application of resources during the year. In preparing those financlal Statements. the Trustees are QUIred to: select suitable accountln8 policies and apply them tonsistently; make judgements and estlmates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any materlal departures dlsc105ed and explained in the financial ststements; prepare the financial statements on the going concern basis unles5 It Is Inapproprlate to presume that the Charity and the 8roup will continue in operation. The Trustees are responslble for keepln8 proper accounting records which disclose wlth reasonable accuracy at any tlme the financial posltlon of the charlty and which enable them to ensure that the financlal statements comply wlth the Charities Act 2011. They are also responsible for safeguarding the assets of the chartty and hence for takln8 reasonable steps for the prevention and detection of fraud and other irregularities. Slgned on behalf of the Board of Trustees: Drfiml Enamamu Mrs Adekemi Fayose
INDEPENDENT EXAMINEFVS REPORT TO THE RCCG OVERCOMERS HOUSE PLYMOUTH YEAR ENDED 31 AUGUST 2023 I report on the attached accounts of the RCCG Overcomers Plymouth {-RCCG~I for the year ended 31 August 2023. in respect of an examination carried out under regulation 3 of the Church Accounting Regulations 1997 to 2001 and Section 145. Charite5 Act 20111"the 2011 Act"). Respertive respon5ibilitie5 of trustees and exominer The charit(5 trustee5 are re5pon51ble 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 is my responsibility to" examine the accounls under Section 145 of the 2011 Art.. to Follow the procedures laid down In the Genef31 Directions 8iven by the Charitv Commissioners Ivnder section 1451Sllbll of the 2011 Act.. and to state whether particular matters have come to my atienrion. Bosis of Independent Examiner's Statement My examination was carried out in accordance with the General Dsrections 8iven by the Charity Comm155ioners. An examination Includes a feview of the accountiri8 record5 kept by the chority and a comparison of the account5 presented with these records. It also includes consideration of any unusual Items or disclosures In the accounts, and seeking explanations from Ihe trustees concerning any Such matters. The procedure5 undertaken do not provide all the evidente that would be required in an audit. and consequently no opinion is given as to whether the account5 present a 'lrue and fair view" and the report is limited to those matters as set out in the statement below. Independent Exarniner'5 Statement In connection with my examination. no matter has come to my 3ttention'. which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records In accordance with section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act. have not been met.. or to which. in my Oginion. 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 Accountants in England & Wales) Tony Jop50n & Co Ltd, Peverell Corner, 246 Peverell Park Road. Plymouth. PL3 4QG
RCCG mers House P Statement of financial aCtIlieS Incorporatlng Income and expendlture account For the year ended 2023 2022 Incomln Offerin8 Tithe Pled8es Other Income 13,606 40,996 7,783 20,544 866 8,196 Glft aid 14.969 7.290 1,976 HMRC- Grant re covid Interest Total In¢omlni resources 32 38,461 urces ex Remittances (Central offlce & WEMI Area dues Travelling expenses Honorarium Printing, postages & stationery Communion Elements & refreshments Rent Subscription Salaries & Wages Conferences & events Book5 & Clergy materlals Website & Internet Donations Accountancy fee Depreciation Total resources expended 8.797 4.512 330 13 351 244 650 6,050 137 24.289 7,624 191 411 3.6LKI 23,330 4,943 322 430 1.610 605 51.376 936 40.659 Net Movement in funds Balance brought fopward Balance carried loard 26.424 26,720 53,144 (2.1981 28.918 26,720
RCCG Overcomers House outh Balance Sheet at 31 Au8USt Notes 2023 2022 Tan8lble assets Current Assets Debtors Glft aid debtor Bank Cash in hand .091 50.113 16.312 16,392 68,205 32.704 Curr Creditors- amounts fallin8 due wlthln one year 15,062 6,590 15.062 6,590 Net Assets 53.144 26.no unds nrestrlrted Opening Balance Net Surplus (Deficltl 26,720 26.424 28,918 (2,1981 53.144 26,720 Net Funds S3,144 26.720 The Council of Members considers that the Charity is exempt frorn an audit and a report under Sect40n 144111 of the Charltles Act. The trustee5 acknowledge their responsibility for. ensuring the charity keeps accounting records whlch complywlth the Charltles Art; and preparin accounts which the end of t ive a true and fair view of the state of affairs of the charity as at e financial perios, and of its Income and expenditure for the period. The financial statements were approved bythe Trustees on Its behalf by 2024 and slgned on DrTlml Enamamu Mrs Adekemi Fayose
RCCG Over¢omer5 House Pl Notes to the Accounts as at 31 Au8USt 2023 l. Accountln8 Polkles Basls of preparatlon of a¢¢ounts The financial statements have been prepared in accordance with applicable accountlng Standards and under the h15torlcal cost accountlng rules. Accruals accounting has been applied. The accounts comply wfth the Charities Act 2011 and the Charity Commissions Statement of Recommended Prartlce (revised 2(Kl51, Accounting by Charitie5. The charity has taken advantage of the exemptlon frorn preparlng a cash flow statement conferred by Flnancial Reporting Standard No. l on the grounds that If tt had been incorporated as a company under the Companies Act 2006 it would have qualified as a small company. Incomlng resources Voluntary income and donations are included in incoming resources when they are recelved, except when the donor5 specify that they must be used In future accounting periods or donors, conditlons have not been fulfilled, then the income is deferred. Resources expended Resources expended are Included In the Statement of Flnanclal ArtlvFtles on accrual basls, incluslve of any VAT. whlch cannot be recoVed. Taxatlon Based on its Status as a re81Stered charity and the use of funds for charttable purposes, RCCG Overcomers House, Plymouth Is exempt from corporatlon tsx. Desl8nated and re5trkted funds These are detailed in the notes to the accounts Tangsble fixed assets Depreciation is based on straight line method on tsngible fixed a55ets to write the assets off over the term of their estimated useful life at the followln8 rntes- Fixtures, fittings and musical instruments
RCCG Overcomers House P outh Note 2- Flxed Assets Plant & equlpment Vehkle Total Cost Cost at 15eptember 2022 Additions Dlsposals Cost at 31 Au8USt 2023 3,924 758 3,924 758 4,682 4,682 Deweclatlon Accumulated depreciation at I September 2022 Charge for year Depreclation on di5P05al Accumulated depreclatSon at 31 August 2023 4,076 605 4,076 605 20.(KN 4,681 4,681 Net 8ook Values At 31 August 2023 At 31 August 2022 606 yle 31.8.23 yle 31.8.22 Note 3 Debtors Gift Aid recoverable 18,091 18,091 16.312 16,312 Note 4 Credltors Central offlce remtttances Accountanry fee Other credltors Accrued expenses 9.Z94 497 3,949 1.418 15,062 2.951 2.742 6,5
RCCG Overcomers House 5. Funds Unrestrkted lunds Unrestricted funds comprise th05e funds, which the trustees are free to use in aeeordanee with the charltable objects. All funds are currently unrestricted. 6. Transartlons wlth Tntstees None of the trustees have been pald any remuneration or received any other benefits from an employment with the charlty or a related entlty. One of the trustees (Adekernl Fayosel Is the spouse of the pastor. The pastor recelved remuneratlon totalllng £24,289. No expenses have been recelved by trustees in relatlon to thelr roles as trustees and there have been no related party transactions.