The Redeemed Christian Church of God Overcomers House, Plymouth Annual Report and Unaudited Financial Statements for the year ended 31 August 2024 Charity Number: 1177199 RCCG Overcomers House Plymouth Charity Information for the year ended 31 August 2024 Trustees who served in the year Adekemi Fayose Timibloudi Enamamu Olugbenga Oladinrin- admitted 0710212024 Patrick Jam- admitted 0710212024 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 2024 Introduction The Trustees of the Redeemed Christian Church of God IRCCGI Overcomers House Plymouth are pleased to present their annual report for the h'nancial year ending August 2024. This report outlines the church's activities, achievements, and financial performance over the past year, in line with its charitable objectives and commitments to the local community. Objectives and Artivities RCCG Overcomers House Plymouth exist5 to advance the Christian faith through worship. discipleship, and community outreach. The church provides a place of worship, pastoral care, and support for individuals and families. Additionally, it engages in charitable actr"vitr"es to alleviate poverty. promote education, and foster social cohesion in Plymouth and beyond. Key activities during the year included: Weekly worship services, prayer meetings, and Bible study sessions to nurture spiritual growth. Evangelism and outreach programs aimed at engaging with the local community and spreading the gospel. Youth and children's ministries designed to instil Christian values in young people. Collaboration with local authorities and other churches to provide social and emotional support to the wider community. Achievements and Performance Durin8 the financial year ending Avgust 2024, the church witnessed growth in its membership and strenglhened its impact within the community. Some notable achievements include.. An increase in attendance at services and engagement in discipleship programs. Successful hostr.ng of outreach programs and community engagement events, leading to a greater awareness of the church's mission. Strengthenin8 of partnership5 With local charities and organizations to enhance service delivery and outreach efforts. Financial Review The church's finances remained stable during the year, with income primarily derived from tr"thes, offerings, and donations. Expenditures were directed toward ministry activities, outreach programs. operational costs. and charitable initi3tr"ves. The Trustees exercised prudent financial management. ensuring that funds were effectively utr"lized to f ullil the church's objectives. fjovernance and Compliance The church operates under the governance of its Board of Trustees, who are responsible for strategic oversight and compliance with all legal and regulatory requirements. Regular meetings were held to review financial statements, assess risks, and plan for the future. The Trustees remain committed to transparency and accountability in all aspects of ¢hurch operations. Looking Ahead RCCG Overcomers House Plymouth aim5 to continue expanding its outreach effort5, developing it5 facilitr"es. and Strengthening its 5UPPOrt programs. Plans for the coming year include enhancing youth engagement. expanding social initiatives, and deepening community partnerships to further the church's mission. Conclusion The Trustees express gratitude to 311 members, volunteer5, and partners who have contributed to the success of the church's mission. With faith and dedicatr'on, RCCG Overcomers House Plymouth will continue to Serve as a beacon of hope and transformation within the community. ANNUAL AND FINANCIAL REVIEW The Statement of Financial Activities show a net surplus for the year of £46.89812023 surplus of £26.4241. Reserves stand at £100,04212023 £53,144) in total, of which £481 is held in fixed assets 12023 £11. All funds are unrestricted. RESERVES POLICY The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets should ideally be between three and six months of the resources expended, which equates to £18,895 to £37,790 in the year ended 31 August 2024. At this 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 Signif icant fall in f undin8. At the present time these fund5 Stand at £ 100.042 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 staled above to continue the work of the Charity and the aspirations for the future. Through this medium of periodic reporting the Trustees are exercising n 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 of the state of affairs of the charity and of its incoming resource5 and application of resources during 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 departures disclosed and explained in the financial statements,. prepare the financial statements on the Boing concem basis unless it is inappropriate to presume that the Charity and the group will continue in operation. The Trustees are responsible for keeping Pfoper accounting records which disclose with reasonable accuracy at any time the financi31 position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsrble for safeguarding the assets of the charity and hence for tsking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the Board of Trustees-. Patrick Jam INDEPENDENT EXAMINER'S REPORTTOTHE RCCG OVERCOMERS HOUSE PLYMOUTH YEAR ENDED 31 AUGUST 2024 I report on the attached accounts of the RCCG Overcomers Plymouth I"RCCG"I for the year ended 31 August 2024, in respect of an examination carried out under regulation 3 of the Church Accounting Regulations 1997 to 2001 and Section 145. Charites Act 20111"the 2011 Act"). Respective responsibilitie5 oftrustees 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 15 needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act- to follow the procedures laid down in the General Direction5 given by the Charitv Commissioners (under section 14515llbl} of the 2011 Act,. and to state whether particular matters have come to my attention. 8051$ oflndependent Exominerf5 Staternent My examination was carried out in accordance with the General Directions given by the Charitv Commissioners. An examination includes a review of the accounting 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 explanations from the trustees concerning any 5u¢h matters. The procedures undertaken do not provide all the evidence that would be required in an audit. and consequently no opinion 15 8iven as to whether the accounts present a "true and fair view" and the report is limited to those matters as set out in the statement below. Independent Exominerfs Stuternent In connection with my examination, no matter has come to my attention: iii which 8ives 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 accountin8 requirements of the 2011 Act, 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. 31 flz> A P Jopson, FCA Date (Fellow of the Institute of Chartered Accountants in England & Wales) Tony Jopson & Co Ltd. Peverell Corner, 246 Peverell Park Road. Plymouth, PL3 4QG RCCG Overcomer5 House Pl mouth Statement of financial activities incorporating income and expenditure account For the year ended 31 August Unrestricted RestTlcted Total Total All Unrestricted Funds Notes Funds Funds 2024 2023 Incoming resources Incomlng resources Irom 8enerated funds Voluntary Income 121,965 121,965 77,768 Investment income 513 513 32 In¢omin8 resources from charltable artlvities Grants & other restricted income Other activities Total Incomln8 resources 122,478 122,478 77,800 Resources expended Charitable actr'vities Governance & support cost5-. 74.928 74,928 50.976 252 252 Bookkeeping Independent Examination 400 400 400 Total resources expended 75,580 75,580 51,376 Excess of Income over expenditure 46,898 46,898 Z6,424 RCCG Overcomers House Balance Sheet at ai Autust Notes Flxed Assets 2024 2023 Tangible assets 481 rreTr Debtors Glft aid debtor Bank Cash in hand 39.689 88.217 18.091 50.113 Ctsrrent Uabllltie$ Creditors . amounts fallin8 due within one year 127.906 68,205 28,344 15.062 15.062 Net Assets IM,042 53.144 Funds unre trlcted Openin8 8alènce Net Surplus (Deflcitl 53,144 46,898 26.720 26.424 ICk),042 53.144 Net Funds 53.144 The Council of Members considers that the Charity 15 exempt from an audit and a report under Section 144111 of the Charities Art. The trustees acknowledge their resp0ft5ibility for- 11 ensuring the charity keeps accounting record5 which complywith the Charities Att,. and 21 preparin the end of t accounts which e financial perio ive a true fair view of the state of affairs of the charity as at , and of its Income and expenditure for the period. The financrèl statements were approved by the Truslees on L} / > its behalf by 2025 and signed on Patrick Jam kemi Fa RCCG Overcomers House Pl mouth Notes to the Accounts as at 31 August 2024 l. Accounting Policies 8as1s of preparation of accounts The account5 were prepared in accordance with the Charities Act 2011 and the Charitv Commission Statement of Recommended Practice IFRS 1021 (revised October 20191, Accounting by Charities. The charity has taken advantage of the exemption from preparing a cash flow statement conferred by Financial Reporting Standard No. l on the ground5 that if it had been incorporated as a company under the Companies Act 2006 it would have qualified as a small company. Going concern The accounts have been prepared on the going concern basis. Fund accountin8 Restricted funds are those that are held for specific Irestrictedl purposes and must be applied for these purposes. Designated fund5 comprise unrestricted funds that have been set aside by the trustees for particular purposes. The aim and use of each designated fund is shown in the notes to the flnancial statement5 but they remain unrestricted funds. Incoming resources Voluntary income and donations are included in incomin8 resources when they are received, except when the donors specify that they must be used in future accounting periods 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 basis, inclusive of any VAT, which cannot be recovered. Taxation ased on its status as a registered charity and the use of funds for charitable purposes, RCCG Overcomers House, plymouth is exempt from corporation tax. Designated and restricted fund5 These are detailed in the notes to the accounts Tanglble fixed assets Depreciation is based on straight line method on tangible fixed assets to write the assets off over the term of their estimated useful life at the following rates.. 20% Fixtures, fittings and musical instruments RCCG Overcomers House pl Note 2 mouth 2024 2023 Voluntary Income Offering Tithe Thanksgiving Project donations Other donations Gift aid Total voluntary income 23,743 56,749 5.017 8,269 6,589 21.598 121.965 13,606 40.996 8.196 14,969 77,768 Note 3 Charitable Activities Remittances (Central off ice & WEMI Area dues Travelling expenses Pension Honorarium Printing, postages & stationery Communion Elements & refreshments Rent Subscription Repairs & Maintenance Salaries & Wages Conferences & events Books & Clergy materials Church planting Children's church expenses Donations Depreciation Total charitable activities 13,426 1.000 480 4,642 1.950 861 794 8,797 660 13 351 650 5,060 139 70 30,390 7.900 184 2.939 171 4,800 121 74,928 6,050 137 24.289 7.624 191 1,610 605 50,976 RCCG Overcomers House Pl mouth Note 4- Fixed A55ets Plant & equipment Vehicle Total Cost Cost at I September 2023 Additions Disposals Cost at 31 August 2024 4.682 600 4,682 600 5,282 5,282 Depreciation Accumulated depreciation at I September 2023 Charge for year Depreciation on disposal Accumulated depreciation at 31 August 2024 4,681 120 4,681 120 20.00% 4,801 4,801 Net Book Values At 31 August 2024 481 At 31 August 2023 yle 31.8.24 yle 31.8.23 Note 5 Debtors Gift Aid recoverable 39,689 39,689 18.091 18,091 Note 6 Creditors Central office remittances Accountancy fee Other creditors Accrued expenses 13.426 400 14,518 9,294 400 3,949 1,418 15.062 28,344 RCCG Overcomers House Pl mouth 7 Funds Unrestricted funds Unrestricted funds comprise those funds, which the trustees are f ree to use in accordance with the charitable objects. All funds are currently unrestrided. 8 The average number of employees. calculated on a full-time equivalent basis, analysed by 2024 2023 function was'.- No. No. Furtherance of objectives, including support No employee emoluments amounted to over £60,000 in the year12023-. nill- 9 Transactions with Trustees None of the trustee5 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 Fayose} is the spouse of the pastor. The pastor received remuneration totalling £35.033. No expenses have been received by trustees in relation to their roles as trustees and there have been no related party transactions.