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2022-03-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD

DISCIPLESHIP CENTRE

THE REDEEMED CHRISTIAN CHURCH OF GOD DISCIPLESHIP CENTRE

TRUSTEE’S ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022

1

THE REDEEMED CHRISTIAN CHURCH OF GOD

DISCIPLESHIP CENTRE

Page
Corporate Information 3
Board of Trustee’s Report 4
Independent Examiner’s Report 9
Statement of Financial Activities 10
Statement of Financial Position 11
Cash Flow Statement 12
Accounting Policies 13
Notes 14

2

Corporate Information

Registered Charity Number: 1182021
Company Registration Number: 11160609
Principal Office: 77 – 79 Clarence Street
Portsmouth
PO1 4AY
Parish Pastor: Pastor O A Fatunwase
Board of Trustees: Pastor O E George
Pastor O Omotayo
Mr I A Adeojo
Mr O T David Olabode
Mrs M B Oyegbile
Bankers: Barclays Bank Plc
Portsmouth 2
Portsmouth Area

3

Board of Trustee’s Report

1.0 Introduction

The trustees submit their annual report and the financial statements of The Redeemed Christian Church of God - Discipleship Centre (the charity) for the year ending 31 March 2022. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

1.1 Public Benefit Statement

The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".

1.2 Structure, Governance and Management

Status

The charity was constituted under memorandum and articles incorporated on 22 January 2018 and is registered in England and Wales with charity number 1182021.

Appointment or Election of Trustees

Trustees are appointed and or co-opted under the terms of the trust deed.

Policies Adopted for the Induction and Training of New Trustee's

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.

Organisational Structure and Decision Making

The charity is organised so that the trustees meet regularly to manage its affairs. The Parish pastor manages the day to day administration of the church.

Related Party Relationships

RCCG Discipleship Centre is a parish of The Redeemed Christian Church of God which has parishes all over the world. The parish's relationship with other parishes is governed by an 'Agreement for Common Purposes'.

1.3 Objectives and Activities

The principal object is the advancement of Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objectives, the church adopted the following strategies:

Board of Trustee’s Report

The activities for achieving its objectives include:

1.4 Achievements and Performance

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

Marriage Enrichment Evening

The church continues to hold 'Marriage Enrichment Evening' event quarterly. The event focuses mainly on empowering people to build strong and healthy family relationships. The event is totally free and open to the public. Through the seminars, we have seen strong families built and broken relationships mended.

Children and teenagers Activities

The Children church provides a range of activities to children of all ages (from 12 months old to nineteen years old). Bible teaching and learning is being facilitated by a group of volunteers, and resources used include the "Go Teach and Come Learn" manuals produced by a UK based Charity - GoTeach Publications Ltd, UK.

The children/teenagers church has continued to grow and we have regular attendance of about 85 children across all ages on a weekly basis. The contributions and achievements of teenagers progressing from secondary school to college and those going from college to the University was recognised and they were prayed and joyfully send forth. Each teenager was presented with a small token gift from the church.

Blood Pressure UK

Know Your Number is an example of how we contribute towards educating the public, not just about spiritual health but also about improving their physical health and well-being. We hold “Know your Number” events in partnership with “Blood Pressure UK” for a whole week in September yearly since 2013. Blood Pressure UK, previously known as the Blood Pressure Association, is the UK charity dedicated to lowering the nation's blood pressure to prevent disability and death from stroke and heart disease. Our vision is that everyone will know their blood pressure numbers, in the same way that they know their height or weight, and take steps to keep them healthy both now and in the future.

We believe the Church has played a vital role in making a difference in the lives of people affected by high

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Board of Trustee’s Report

blood pressure in the community. We work to ensure that high blood pressure is at the top of everyone's health agenda. Apart from checking people's blood pressure, we also give basic advice and make referrals to GP when necessary.

Sunday school Unit

Weekly Sunday school lessons are being taught by a group of volunteers - Sunday school teachers - using the RCCG UK Sunday School Manuals. Sunday School teachers attend a yearly RCCG Sunday School Teachers' conference to enhance their skills and performance.

Information and advice

In liaison with the church pastor, we provide general information, advice and signposting to members and any member of the public who is seeking this support.

Men’s Fellowship

The men fellowship has been actively involved in empowering the men through regular monthly meetings. Activities embarked upon includes, visitation to our members, supporting members facing challenges (physically, emotionally and financially), Bible studies and prayer meetings.

Prayer Unit

The prayer team holds monthly 'Faith Clinic' - special prayers for people who are in need. Members also participate in quarterly retreat and evangelism programme.

1.5 Grant Making Policy

The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG Programmes. The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

1.6 Risk Management

The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and are satisfied the systems are in place to mitigate our exposures to the major risks.

1.7 Financial Review

The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed. This is believed would further aid the ability of the charity to fulfil her charitable objects and benefits the community.

6

Board of Trustee’s Report

Funding has been provided mainly through tithes and offerings by church members and through gift aid. During the year donations were made towards the church building fund. The donations were treated as designated fund and had been spent towards the project for which it was donated.

During the year to 31 March 2022, the church had total income of £116,231. At the year end, the level of reserves available for the charity’s use (i.e. unrestricted funds and not represented by fixed assets) was £172,066. Total operating charitable expenditure was £75,935 giving an operating surplus of £40,295.

The Charity’s principal funding sources are the individuals who attend the church services and partner with the ministry via monthly donations.

1.8 Investment & Reserve Policy

The trustees have decided that at present, funds should be retained in banks and building societies, and as far as possible in interest bearing accounts.

The trustees' policy is to have unrestricted and uncommitted funds (cash free reserves) of £22, 500 — £45,000 to cover 3 to 6 months of resources expended. They feel that this would enable the current activities to continue if there is a significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The present cash free reserve of £22,500 is within the policy range.

1.9 Volunteers

The church is grateful for the unstinting efforts of its volunteers who are involved in providing services for the charity. It is estimated that over 3360 hours are provided by volunteers during the year. If this is conservatively valued at £8.91 per hour, the volunteer's effort will amount to over £29,900.

2.0 Future Development

The charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make lifechanging impact in society.

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Board of Trustee’s Report

Trustees’ Responsibilities

The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the net income or expenditure of the charity for the year. In preparing these financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The appended financial statements have been prepared on the accrual’s basis and have been examined by an independent examiner, whose report is also appended.

This report was approved by the Board of Trustees on 15 January 2023 and signed on their behalf by:

Full Name: Mr O T David Olabode

Signature:

Position: Chairman

Date: 15 January 2023

8

Independent Examiner’s Report

Report to the trustees/members of: The Redeemed Christian Church of God, Discipleship Centre On accounts for the year ended: 31st March 2022 Charity No: 1182021

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with general Directions given by the Charity Commission. 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 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 is limited to those matters set out in the statement below.

Independent examiner’s statement

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

Signed: Date: 15 January 2023

Name: Tobi Labeodan, for and on behalf Chedders Ltd

Relevant professional qualification(s) or body (if any): ACCA

Address: Synium House, Ground Floor, Shallowford Court, Henley in Arden B95 5FY

9

Statement of Financial Activities: Year Ended 31st March 2022

Notes
Income:
Donations and legacies
1
Other income (Grants)
1
Total Income
Total Income
Expenditures on:
Charitable Activities
2
Other Charitable Activities
2
Other Costs
2
Total Expenditures
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Gains/(losses) on investment assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward at 1 April 2021
Total funds carried forward at 31 March 2022		 2022
2022
2022
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
101,238
-
101,238
14,993
-
14,993
116,231
-
116,231
116,231
-
116,231
55,262
-
55,262
19,572
-
19,572
1,100
-
1,100
75,935
-
75,935
40,296
-
40,296
-
-
40,296
-
40,296
164,822
92,067
256,889
205,116
92,067
297,183		 2021
2021
2021
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
78,102
-
78,102
11,571
-
11,571
89,672
-
89,672
89,672
-
89,672
48,733
-
48,733
20,345
-
20,345
1,635
-
1,635
70,714
-
70,714
18,959
-
18,959
-
-
18,959
-
18,959
53,796
92,067
145,863
72,755
92,067
164,822

10

Statement of Financial Position: Year Ended 31st March 2022

Notes
Fixed Asset
Tangible assets
3
Total Fixed Asset
Current Assets
Loans & Advances
Accrued Income
Cash at bank and in hand
Other Debtors
Total Current Assets
Creditors: amounts falling due within one year
Other Creditors
Other Current Liabilities
Total Creditors: amounts falling due within one year
Net current assets (liabilities)
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Other Non-Current Liabilities
Total Creditors: amounts falling due after more than one year
Total net assets (liabilities)
The funds of the charity:
Restricted Reserve
General reserves
Surplus/(Deficit) for the year
Total charity funds		 2022
£
6,676
6,676
-
25,348
172,066
700
198,114
-
(326)
(326)
198,440
205,116
-
-
205,116
92,067
72,754
40,295
205,116		 2021
£
1,187
1,187
-
13,883
147,466
700
162,049
-
(1,585)
(1,585)
163,634
164,821
-
-
164,821
92,067
53,796
18,958
164,821

11

Cash Flow Statement: Year Ended 31st March 2022

OPERATING ACTIVITIES
Net Income
Adjustments to reconcile Net Income to Net Cash provided by operations:
Other Debtors
Prepayments
Accrued Income
Accruals
Loans & Advances
Depreciation
Other Creditors
Net cash provided by operating activities
INVESTING ACTIVITIES
Fixtures & Fittings
Motor Vehicles
Equipment
Net cash provided by investing activities
FINANCING ACTIVITIES
Other Reserves
Net cash provided by financing activities
Net cash increase for period
Cash at beginning of period
Cash at end of period		 2022
£
40,295
-
(11,465)
(8,600)
10,000
1,112
(141)
31,201
(6,601)
(6,601)
-
24,600
147,465
172,065		 2021
£
18,956
-
9,496
2,092
312
(674)
30,182
(1,500)
(1,500)
-
28,682
118,782
147,465

12

Accounting Policies

Scope and Basis of the Financial Statements

The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities published in March 2005.

Income

Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.

Expenses

Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fixed assets

Fixed assets with an individual purchase of £500 or more are capitalised and stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

Fixtures and fittings 25%
Equipment 25%
Vehicles 25%

13

Notes

Income
Donations and legacies
Total donations & legacies
Other Income Sources
Gift Aid Receipts
Other income
Total Income
Total Income
2.
Expenditures
Charitable Activities
Premises
Utilities
Travel
Motoring & Transportation
Insurance
Administration
Advertising
Operations
Finance Charges
Depreciation
Honorarium
Total Charitable Activities
Other Charitable Activities
Outreach
Central Office
Welfare & Benevolence
Charitable Donations
Total Other Charitable Activities
Other Costs
Professional fees and services
Accountancy fees
Total Other Costs		 2022
£
101,238
101,238
14,978
15
14,993
89,672
2022
£
21,215
3,580
663
732
638
20,091
564
5,555
-
1,424
800
55,262
732
9,020
4,400
5,421		 2021
£
78,102
78,102
11,465
106
11,571
90,570
2021
£
20,211
3,908
78
-
631
20,506
200
2,389
-
311
500
48,733
632
11,990
2,375
5,349
19,572
-
1,100
1,100		 20,346
-
1,635
1,635

14

Notes

3. Tangible assets

.
Tangible assets
Cost
At 1 April 2021
Additions
Disposals
Revaluations
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
Adjustments
At 31 March 2022
Net Book Value
At 1 April 2021
At 31 March 2022		 Vehicles
Equipment
Fixtures &
Fittings
Total
£
£
£
£
2,939
34,403
15,680
53,022
6,914
6,914
-
-
2,939
41,317
15,680
59,936
2,939
33,216
15,680
51,836
1,424
1,424
-
2,939
34,640
15,680
53,260
-
1,187
-
1,187
-
6,676
-
6,676

4. Prior Year adjustments

There are no adjustments to brought forward balances this period.

5. Related Party Transactions

During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 3 under Central Office and Charitable Giving.

6.

Trustee Remuneration & Expenses

During the year, there were not payments or reimbursement of expenses to trustee members.

7. Staff cost, living accommodation and numbers

No employee received remuneration amounting to more than £60,000 in the year

Wages and salaries
Social security costs
Living Accommodation
Average number of staff
Pastoral
Admin		 2022
17,956
1,266
10,427
29,649
2022
1
-
1		 2021
17,956
1,266
10,217
29,438
2021
1
-
1

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