2023-12-31-accounts

Charity no 1179780 Company number 11429520

The Redeemed Christian Church of God, Oldbury on the Rock

Annual Accounts

1 Jan 2023 to 31 Dec 2023

Prepared by DTT Consultancy Ltd

The Redeemed Christian Church of God, Oldbury on the Rock

REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023

General Overseer Pastor Enoch Adeboye Trustees Elizabeth Popoola Emmanuel Folarin Minister In Charge Pastor Adejoke Oludayomi Charity registration no 1179780 Principal office 14 WILLS AVENUE WEST BROMWICH B71 2QS Independent Examiner Tunji Ogedengbe 36 Daffodil Close Hatfield AL10 9FF

The Redeemed Christian Church of God, Oldbury on the Rock

Report of the Trustees for the year ended 31st December 2023

FINANCIAL REVIEW

Reserves policy

The net surplus resources for the year amounted to £15,978. All these have been unrestricted reserves and no fund is allocated to restricted project. The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, the free reserves, held by the church should be 3 months of annual expenditure. At this level, the trustees feel that it would be able to continue the current activities of the church in the event of significant drop in funding.

Principal funding sources

This is provided mainly through voluntary tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.

FUTURE DEVELOPMENTS

The church will continue to explore various ways of spreading the gospel of Christ in an affective manner. The charity is also looking to grow in membership and continue to develop its members to make life - changing impact in society, plant more parishes and due to the increase in the number of members, our future plan is to accommodate those members and likely additional.

ON BEHALF OF THE BOARD:

Date: 6th July 2024

Elizabeth Popoola

Page 1

THE REDEEMED CHRISTIAN CHURCH OF GOD Oldbury on the Rock

INDEPENDENT EXAMINNERS REPORT FOR THE PERIOD 1 January to 31 December 2023

I report on the financial statements of RCCG Oldbury on the Rock for the year ended 31 December 2023 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act),as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, as amended, whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

• (i) which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 41 of the Act; and

• to prepare accounts which accord with the accounting records and to comply with the accounting of the Act have not been met; or

• (ii) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Tunji Ogedengbe 36 Daffodil Close Hatfield AL10 9FF

06-Jul-24

RCCG	The Redeemed Christian Church of God, Oldbury on the Rock	The Redeemed Christian Church of God, Oldbury on the Rock	The Redeemed Christian Church of God, Oldbury on the Rock	The Redeemed Christian Church of God, Oldbury on the Rock	The Redeemed Christian Church of God, Oldbury on the Rock	1179780
	Annualaccountsforthe period
	Period start date	1st Jan 2023	To	Period end date	31st Dec 2023
Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) g generated funds Voluntary income S01 Activities for generating funds S02 Investment income S03 Incoming resources from charitable activities S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 Total funds carried forward Total funds brought forward Net movement in funds Net incoming/(outgoing) resources before transfers Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) Net incoming/(outgoing) resources before other recognised gains/(losses) Gross transfers between funds Prior Year Adjustment Total resources expended Total incoming resources		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		49,500	-	-	49,500	27,730
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		49,500	-	-	49,500	27,730
		25,844	-	-	25,844	17,057
			-	-	-	-
			-	-	-	-
			-	-	-	-
		7,678	-	-	7,678	3,101
			-	-	-	-
		-	-	-	-	-
		33,522	-	-	33,522	20,158
		15,978	-	-	15,978	7,572
		-	-	-	-	-
		15,978	-	-	15,978	7,572
		-	-	-	-	-
			-	-	-	-
		15,978	-	-	15,978	7,572
		12,978	-	-	12,978	5,406
		28,955	-	-	28,955	12,978

Page 2

The Redeemed Christian Church of God, Oldbury on the Rock

Section B Balance sheet as at 31st Dec 2023

Fixed assets Tangible assets (Note 9) Investments (Note 10) Total fixed assets Current assets Stock and work in progress Debtors (Note 11) (Short term) investments Cash at bank and in hand Total current assets Creditors: amounts falling due within one year (Note 12) Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after one year (Note 13) Provisions for liabilities and charges Net assets Funds of the Charity Unrestricted funds Restricted income funds (Note 14) Endowment funds(Note 15) Total funds Signed by	Note B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20	Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	Total this year Total last year £ £ F04 F05	Total this year Total last year £ £ F04 F05
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		3,500	-	-	3,500	-
			-	-	-	-
		25,705	-	-	25,705	13,228
		29,205	-	-	29,205	13,228
		250	-	-	250	250
		28,955	-	-	28,955	12,978
		28,955	-	-	28,955	12,978
			-	-	-	-
		-	-	-	-	-
		28,955	-	-	28,955	12,978
		28,955			28,955	12,978
					-	-
			-		-	-
				-	-	-
		28,955	-	-	28,955	12,978
		Signature		Date of approval Print Name
				Elizabeth Popoola		06-Jul-24

Page 3

The Redeemed Christian Church of God, Oldbury on the Rock Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market

• Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

• and with the Charities Act 1993.

• [** except for the following].

Give details in this box if a different standard has been followed.

• -Tick as appropriate:

 if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;

 if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Fi** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any i l R ti St d d f S ll E t i (FRSSE)” changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year .

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Page 4

The Redeemed Christian Church of God, Oldbury on the Rock

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING

INCOMING
	These are included in the Statement of Financial Activities (SoFA) when:
Grants and donations	Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilities	expended) where the benefit to the charity is reasonably quantifiable, measurable and
	material_._The value placed on these resources is the estimated value to the charity of the
	service or facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND	LIABILITIES
Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Governance costs	Include costs of the preparation and examination of statutory accounts, the costs of trustee
	meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of
	the grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs	Support costs include central functions and have been allocated to activity cost categories on
	a basis consistent with the use of resources, eg allocating property costs by floor areas, or per
	capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500.
by charity	They are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.

Page 5

The Redeemed Christian Church of God, Oldbury on the Rock

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Investment income Incoming resources from charitable activities Voluntary income Activities for generating funds	Analysis	This year Last year £ £	This year Last year £ £
	Contribution byMembers	49,500	27,730
	Total	49,500	27,730
		-	-
		-	-
		-	-
		-	-
		-	-
	Total	-	-
		-	-
		-	-
		-	-
		-	-
		-	-
	Total	-	-
		-	-
		-	-
		-	-
		-	-
		-	-
	Total	-	-

Page 6

The Redeemed Christian Church of God, Oldbury on the Rock

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Investment management costs Fundraising trading costs	Analysis This year Last year £ £	Analysis This year Last year £ £	Analysis This year Last year £ £
	RENT	10,500	7,200
	PUBLICITY AND EVANGELISM	600	161
	FURNITURE AND EQUIPMENT	1,750	287
	SUNDAY SCHOOL		120
	PRINTING AND STATIONERY	321	242
	GENERAL EXPENSES	40	360
	HONORARIUM	840	450
	CHILDREN'S EXPENSES	899	750
	GOOD WOMEN'S DUES		275
	LICENSING	286	144
	PASTORS THANKSGIVING	364	302
	ACCOUNTANCY & ADMIN	3,600	3,600
	PERIODICALS		65
	MEDIA		190
	HOSPITALITY		536
	MUSICAL AND ELECTRICAL EQUIPMENT	2,633
	WORKERS EXPENSES	478
	LICENSING	286
	HEAT, LIGHT AND POWER	142
	CLEANING AND SANITATION	86	129
	FUEL AND MOTOR RUNNING	617	323
	PERIODICALS	480	180
	MEDIA	60	33
	HOSPITALITY	1,422	510
	VOLUNTEERS		300
	TRANSPORT AND TRAVEL	12	15
	TELEPHONE	165
	LEGAL	13
	XMAS PARTY EXPENSES		635
	INDEPENDENT EXAMINATION	250	250
	Total	25,844	17,057
		-	-
		-	-
		-	-
		-	-
		-	-
	Total	-	-
		-	-
		-	-
		-	-
	Total	-	-
Charitable activities Governance costs	CHILDRENSPONSORED VIACOMPASSION	300	300
	NORTHERN NIGERIANSCHOOLSCHOLARSHIP	221	300
	WORLD EVANGELICAL MISSIONS (WEM)	1,400	1,200
	CENTRALOFFICECONTRIBUTIONS	550	550
	REGION5DUES	400
	WELFARE	814
	CONFERENCE	1,342
	CONTRIBUTION TORCCG UKCAMPGROUND	2,000
	CHARITABLE DONATIONS	651	751
	Total	7,678	3,101
		-	-
		-	-
		-	-
	Total	33,522	20,158

Page 7

The Redeemed Christian Church of God, Oldbury on the Rock

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

support costs.
Support cost type	Fundraising activity £	Charitable Activity £	Governance Activity £	Total Cost £
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-
This year Last year £ £ Note 6 Details of certain items of expenditure 6.1 Trustee expenses Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es). Number of trustees who were paid expenses Nature of the expenses Total amount paid
			This year	Last year
			£	£

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	This year £	Last year £
	250	250

Page 8

The Redeemed Christian Church of God, Oldbury on the Rock

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors Trade debtors Amounts due from subsidiary and associated undertakings Other debtors Prepayments and accrued income Total	Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
		-	-	-
	-	-	-	-
	3,500	-	-	-
	-	-	-	-
	3,500	-	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

12.1 Analysis of creditors

Loans and overdrafts Accruals and deferred income Amounts due to subsidiary and associated undertakings Other creditors Accruals and deferred income Total	Amounts falling due within one year	Amounts falling due within one year	Amounts falling due after more than one year	Amounts falling due after more than one year
	This year £	Last year £	This year £	Last year £
		-	-	-
		-	-	-
	-	-	-	-
	250	250	-	-
			-	-
	250	250	-	-

Page 10