2021-11-30-accounts - The Redeemed Christian Church Of God Royal Christian Centre Walsall

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RCCG ROYAL CHRISTIAN CENTRE WALSALL

Report and Financial Statements For the Year ended 30 November 2021

RCCG ROYAL CHRISTIAN CENTRE WALSALL

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 November 2021

Contents	Page
Legal and Administrative Information	2
Report of the Trustees	3-7
Independent Examiner's report	8
Statement of Financial Activities	9
Balance sheet	10
Notes forming part of the Financial statements	11-13

RCCG ROYAL CHRISTIAN CENTRE WALSALL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 November 2021

LEGAL AND ADMINISTRATIVE INFORMATION

Officers and Professional advisers

TRUSTEES

BEATRICE ADEWUNMI OJO OLADIPO ADETOKUNBO AWE TEMITOPE ADELEYE ADELEYE

REGISTERED OFFICE

83 SCHOOL ROAD HIMLEY DUDLEY WEST MIDLANDS DY3 4LG

BANKERS

LLYODS BANK PLC

EXAMINER

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

CHARITY COMMISSION REGISTERED NUMBER 1177364

RCCG ROYAL CHRISTIAN CENTRE WALSALL

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 30 November 2021

Governing Document

The charity is Constituted as a “Trust” and governed by ‘Trust Deed’ dated 28th November, 20017.

Trustee Appointments, Training of New and Old Trustees

Trustees are appointed and or co-opted under the terms of the trust deed. The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Parish Pastor on the powers and responsibilities of the Trustees and the requirements of the charity commission.

Public Benefit Statement

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for public benefit. Details of how the charity has achieved these are provided in this report.

Organisational Structure and Decision Making

The Charity is organised so that the trustees meet regularly to manage its affairs. The spiritual aspect of the church is handled by the Parish Pastor and the day to day running of the charity is overseen by the Board of Trustees.

Related Party Relationship

RCCG Royal Christian Centre, is a member of the Redeemed Christian Church of God (RCCG), a global church with parishes in over 190 countries. The relationship is governed by an “Agreement for Common Purposes” between the parish and RCCG. The referenced “Agreement for common Purposes” document is constantly monitored and recommended for updates, to take cognisance of unfolding events (policies, regulations) in the United Kingdom.

Risk Management

The trustee board performs its duty of safeguarding the charity against major risk. The board regularly reviews the charity’s structures, policies, procedures and practices.it recommends strategic and operational options and implements adequate prudent controls and preventive actions to safeguard the assets of the charity, as well as its operation.

Objectives and Global Outreach

Objectives and Activities

The principal object is the advancement of the Christian faith worldwide in accordance with RCCG doctrines, the relief of poverty and to promote any charitable activity for the benefit of the local people. To achieve its objectives, we adopted the following strategies:

Christian Faith based religious activities in Walsall and worldwide as the Trustees may deem fit.
Community support and development projects to alleviate suffering and poverty in our local community.
Running seminars in the church with proven ministers of the faith to guide members in various aspect of Christian faith.
Supporting other charities who help to alleviate suffering and poverty.

RCCG ROYAL CHRISTIAN CENTRE WALSALL

REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 30 November 2021

ACHIEVEMENT AND PERFORMANCE

The Church has been engaged in various activities detailed below in pursuance of our charity and public benefit.

The Church is opened on Sundays and midweek for services to the general public and our community to build their Christian Faith as well as share fellowship to meet spiritual and emotional needs. Apart from its Church activities we also engaged in the following:

Youth Weekly Fellowships (TEENS CHAT WITH PASTOR): Every Thursday of the week
Weekly Ministers Prayer Meeting.
Other Periodic Trainings-School of Disciples, Workers in Training and Baptismal class.
Men’ fortnight program held every 2[nd] and 4[th] Friday a month
Women weekly Fellowship: Every Saturday of the week

Special Programmes Held Within the year

Mothering Sunday 14[th] March 2021
Father’s Day celebration Sunday 20[th] June 2021
Building Financial wellness
Men in the house 21th August 2021
Twenty- first Century woman and her mental health 19[th] June 2021
Dine with me 27[th] November 2021

RCCG ROYAL CHRISTIAN CENTRE WALSALL

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 30 November 2021

GRANT MAKING POLICIES

RCCG Royal Christian Centre Walsall, has agreed to make regular contribution to the World Evangelism Mission (WEM) through RCCG Central Office UK under the ’Agreement for common purpose of the RCCG Mission’’.

CONTRIBUTIONS MADE BY VOLUNTEERS

The charity enjoys the services of various volunteers, who contribute enormously in various areas of service provision, development and implementation of the Church vision. The volunteers are encouraged to attend various training and development programmes organised by the charity and other organisations. We are greatly indebted to these volunteers for their commitment and support.

ACCOUNTING POLICIES

Scope and Basis of the financial statements:

The Trustees have adopted the provision of the Statement of Recommended Practice (SORP) Accounting and Reporting by charities issued in March 2005

The charity has taken advantage of the concession which allows it to publish only a statement of financial activities. The charity generated a total income of £ 48,680 and had a net surplus of £ 5,219 during the year.

FINANCIAL REVIEW AND RISK MANAGEMENT

The financial support (mainly from member donation) continues to enable the church to be self-sustaining in meeting its day-to-day operational needs and in fulfilling a myriad of public benefit and charitable services.

The charity also intends to help improve our members and volunteers by sending them on training that can add value to their life or help gain necessary skills to succeed in their chosen field and to intensify effort in searching for a permanent church venue to meet the need of the growing church and its local community.

The charity is looking out to partner with more organisations in our local community positively.

STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).

The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period.

In preparing these financial statements, the trustees are required to:

Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent;
State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in its activities.

RCCG ROYAL CHRISTIAN CENTRE WALSALL

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 30 November 2021

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that its financial statements comply with the Charities Act 1993 as amended. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities. RCCG ROYAL CHRISTIAN CENTRE WALSALL

DISCLOSURE OF INFORMATION TO EXAMINER

The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/ herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.

EXAMINER

In line with the provision exemption in the Charities Act 1993 as amended, the trust decided to appoint an examiner, which will review the accounts for the year ended 30 November 2021. In accordance with this appointment, AACSL Accountants Limited was appointed as examiner.

Approved by the Board of Trustees and signed on behalf of the Board by:

OLADIPO ADETOKUNBO AWE on behalf of the trust. Trustee 1[st] September, 2022.

Independent Examiner’s Report to the Trustees of RCCG ROYAL CHRISTIAN CENTRE WALSALL

I report to the trustees on my examination of the accounts of the RCCG ROYAL CHRISTIAN CENTRE WALSALL Trust for the year ended 30 November 2021, which are set out on pages 9 to 13.

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
The accounts do not accord with those records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

1[st] September, 2022

THE REDEEMED CHRISTIAN CHURCH OF GOD ROYAL CHRISTIAN CENTRE WALSALL STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) YEAR ENDED 30 NOVEMBER 2021

Notes INCOMING RESOURCES FROM CHARITABLE ACTIVITIES General Donations 2 Other income 3 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Cost of Generating Funds Charitable activities 4 Governance 5 TOTAL RESOURCES EXPENDED Net income/(outgoing) resources Total funds brought forward Total funds carried forward	Un-restricted Funds 2021 £ 48,680 -	Restricted Funds 2021 £ - - - - - - - - - -	Total Funds Total Funds 2021 2020 £ £ 48,680 29,136 - - 48,680 29,136 - - 4,969 8,009 250 250
	48,680
	- 4,969 250
	5,219		5,219 8,259
	43,461 31,018		43,461 20,877 31,018 10,141 74,479 31,018
	74,479

All incoming resources are derived from continuing operations. The charity has no other gains or losses other than those recognised in the Statement of Financial Activities.

THE REDEEMED CHRISTIAN CHURCH OF GOD ROYAL CHRISTIAN CENTRE WALSALL BALANCE SHEET AS AT 30 NOVEMBER 2021

2021 Total Notes £ £ FIXED ASSETS Tangible Assets 6 0 CURRENT ASSETS Cash at bank and in hand 8 81,214 81,214 Current Liabilities Creditors: amounts falling due within one year 9 (6,735) Net Current assets/(Liabilities) 74,479 TOTAL ASSETS LESS CURRENT LIABILITIES 74,479 FINANCED BY: Unrestricted funds 10 74,479 Restricted Funds 10 - TOTAL FUNDS 11 74,479	2021 Total Notes £ £ FIXED ASSETS Tangible Assets 6 0 CURRENT ASSETS Cash at bank and in hand 8 81,214 81,214 Current Liabilities Creditors: amounts falling due within one year 9 (6,735) Net Current assets/(Liabilities) 74,479 TOTAL ASSETS LESS CURRENT LIABILITIES 74,479 FINANCED BY: Unrestricted funds 10 74,479 Restricted Funds 10 - TOTAL FUNDS 11 74,479	2020 Total £ 1,174 36,329
	81,214 (6,735) 74,479 74,479 74,479 -	36,329 (6,485)
		29,844

		31,018
		31,018 -
	74,479	31,018

For the year ending 30 November 2021, the Charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The Accounts was approved by the Board of Trustees and signed on behalf of the Board by:

OLADIPO ADETOKUNBO AWE

Trustee 1[st] September, 2022

RCCG ROYAL CHRISTIAN CENTRE WALSALL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 November 2021

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” (2005), the Charity Act 1993 and applicable UK accounting standards.

Cash flow statement

Under FRS 1 the Charity is exempt from the requirement to prepare a cash flow statement on the grounds that the charity is below the threshold specified in Appendix 2 of the FRS1.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in Note 2.

Investment income and gains are allocated to the appropriate fund.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The grant income where related to performance and specific deliverables are accounted for as the Charity earns the right to consideration by its performance. Where income is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income being received, the income is accrued.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Premises overheads have been allocated on a floor basis and other overheads have been allocated on the basis of the head count.

Community project costs are those costs incurred directly in support of the objects of the Charity. The community project cost includes other support costs incurred in support of the objects of the Charity. Governance costs are those incurred in connection with governance arrangement of the Charity, which relate to the general running of the Charity and compliance with constitutional and statutory requirements. The basis of allocation for support costs and governance costs has been explained in Note 3.

RCCG ROYAL CHRISTIAN CENTRE WALSALL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 November 2021

THE REDEEMED CHRISTIAN CHURCH OF GOD ROYAL CHRISTIAN CENTRE WALSALL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2021

Note 2. Incoming Resources - General Donations

Note 2. Incoming Resources - General Donations
General Donations Note 3. Incoming Resources - Other Income Other Donatons Events income Other income Note 4. Resources Expended - Activities Depreciation Equipment Events & Other related costs Head Office Remmitance Rent Note 5. Resources Expended – Governance Accountancy Other professional fees	Unrestricted Funds £ 48,680 48,680 Unrestricted Funds £ - - - - Unrestricted Funds £ 1,173 2,596 1,200 4,969 Unrestricted Funds £ 250 - 250	Restricted Funds £ -	2021 Total Funds £ 48,680 48,680 2021 Total Funds £ - - - - 2021 Total Funds £ 1,173 - 2,596 1,200 - 4,969 2021 Total Funds £ 250 - 250	2020 Total Funds £ 22,082
		-		22,082
		Restricted Funds £ - - -		2020 Total Funds £ - - -
		-		-
		Restricted Funds £ - - - - -		2020 Total Funds £ 1,173 693 6,122 1,200 7,040
		-		16,228
		Restricted Funds £ - -		2020 Total Funds £ 300 -
		-		300

RCCG ROYAL CHRISTIAN CENTRE WALSALL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 November 2021

RCCG ROYAL CHRISTIAN CENTRE WALSALL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 November 2021
Note 6. TANGIBLE ASSETS Office Equipment £ Cost 4,693 Additions - Revaluation - Disposal - Total Costs 4,693 Depreciation Balance brought forward 3,520 Charge for the year 1,173 Disposal - Transfers Balance carried forward 4,693 Net book value At 30 November 2020 0 At 30 November 2019 2,347 Note 7. Debtors 2021 This is made up as follows: £ Member Loans - - Note 8. Cash at bank and in hand 2021 £ Cash at bank 81,214 Cash at hand - 81,214 Note 9. Creditors: amounts falling due within one year 2021 This is made up as follows: £ Accountancy Fees 250 Other creditors 6,485 6,735	Office Equipment £ 4,693 - - - 4,693 3,520 1,173 - 4,693 0 2,347 2021 £ - - 2021 £ 81,214 -	2021 Total £ 4,693 - - - 4,693 3,520 1,173 - - 4,693 0 2,347 2020 £ - - 2020 £ 36,329 - 36,329 2020 £ 250 6,235
	81,214
	6,735	6,485

RCCG ROYAL CHRISTIAN CENTRE WALSALL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 November 2021

Note 10. Movement in funds

Unrestricted funds Charity's fund Restricted funds Grants Note 10.1 Analysis of net assets by fund Cash at bank and in hand Other net assets (liabilities)	Opening balance £ 31,018 31,018 - - Unrestricted Funds £ 81,214 (6,735) 74,479	Incoming resources £ 48,680	Resources expended £ (5,219) (5,219) - - 2021 Total Funds £ 81,214 (6,735) 74,479	2020 Total Funds £ 36,329 5,312 -
		48,680
		-
		-
		Restricted Funds £ - -
		-		31,017

Note 11. TRUSTEES REMUNERATION

The Trustees did not receive any emoluments and no out of pocket expenses were paid during the year (2019-20: £nil)

Note 12. As a company, RCCG ROYAL CHRISTIAN CENTRE WALSALL is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its objects. No tax charges have arisen in the Company.
Note 13. Control The ultimate controlling parties are the directors’ as stated on page 2.

Note 14. TAXATION

RCCG ROYAL CHRISTIAN CENTRE WALSALL is a registered charity and is thus exempt from taxation of its income and gains falling within Section 505 of the Income and Corporation Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives. No tax charge has arisen in the year.