**Charity Number: 1182030 Compamy Number: 11748407**
## **- RCCG Fountain of Grace Worship Centre Telford**
**TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st JANUARY 2021**
## **- RCCG Fountain of Grace Worship Centre Telford**
|**CONTENTS**||
|---|---|
||Page|
|**References and administrative details of the charity, its trustees and advisers**|3
|
|**Trustees' report**|4 - 7|
|**Independent examiner's report**|8|
|**Statement of Financial Activities**|9|
|**Balance Sheet**|10|
|**Notes to the Financial Statements**|11 -14|
## **- RCCG Fountain of Grace Worship Centre Telford**
## **REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENDED 31 JANUARY 2021**
**Trustees** Ebenezer Ampaw Isaac Owosu Oladayo Adeleye **Minister In Charge** Pastor Allen Ohimain **Charity registration no** 1182030 **Company no** 11748407 **Principal office** 26 Ophelia Gardens Wolverhampton WV10 9LW **Independent Examiner** Tunji Ogedengbe 36 Daffodil Close Hatfield AL10 9FF **Bankers** NatWest Bank plc Queen Square Wolverhampton London WV1 1TR
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## **- RCCG Fountain of Grace Worship Centre Telford**
## **TRUSTEES' REPORTS FOR THE YEAR ENDED 31 JANUARY 2021**
The Trustees present their annual report together with the financial statements of RCCG Fountain of Grace Worship Centre Telford (the charity) for the ended 31 January 2021. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the 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.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **a. GOVERNING DOCUMENT**
The church is constituted under MEMORANDUM AND ARTICLES INCORPORATED 03 JAN 2019
## **b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES**
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES**
The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.
The Board of Trustees are voted for by simple majority and consists of not less than 3 members and not more than 7 members.
## **d. ORGANISATIONAL STRUCTURE AND DECISION MAKING**
The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by a volunteer.
## **e. RISK MANAGEMENT**
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.
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## **- RCCG Fountain of Grace Worship Centre Telford**
## **TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 JANARY 2021**
## **OBJECTIVES AND ACTIVITIES**
## **a. POLICIES AND OBJECTIVES**
The objectives of the church are:
- To promote and advance the gospel of Jesus Christ by preaching and teaching in church and preparing members for Christian services to the community.
- To reach out to the people in the community - by providing bibles, tracts, videos and audio recordings in English and foreign languages. The church reaches out to refugees and homeless, alcoholic, drug addicts, elderly lonely and visiting the sick - ministering to their spiritual need and providing food and clothing with the love of God.
Each year our trustees review our objectives and activities to ensure they continue to reflect our aims.
In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.
## **b. STRATEGIES FOR ACHIEVING OBJECTIVES**
The church has adopted the following strategies for achieving the above objectives:
- organisation of seminars and events to address issues of relevance to the relief of poverty
and provision of care and support for the needy as appropriate;
- planting of churches;
- support for other charities and events with similar objectives.
- The church runs hospital visitation and ministering to different kinds of people in England,
- The church was successful in the distribution of different materials to different ethnic groups i.e. bibles, videos, tracts etc
## **c. ACTIVITIES FOR ACHIEVING OBJECTIVES**
The main activities of the church are as follows:
- Sunday service
- Sunday school for all ages of children
- Weekly Bible studies
- Outreach and visitations
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## **- RCCG Fountain of Grace Worship Centre Telford**
## **TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 JANUARY 2021**
## **FINANCIAL REVIEW**
## **a. RESERVES POLICY**
The statement of the financial activities shows net unused resources for the year of £37,108
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 they would be able to continue the current activities of the church in the event of a significant drop in funding.
## **b. PRINCIPAL FUNDING**
This is provided mainly through voluntary tithes and offerings by the church members.
## **PLANS FOR THE FUTURE**
## **a. FUTURE DEVELOPMENTS**
We are hoping to acquire a building of our own and we are also praying that God will help us establish another parish with its own place of worship.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments 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;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that
- the charity will continue in operation.
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.
This report was approved by the Trustees on 5th Oct 2021 and signed on their behalf, by:
Ebenezer Ampaw
## **Name of Approving Trustee**
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## **- RCCG Fountain of Grace Worship Centre Telford**
## **INDEPENDENT EXAMINNERS REPORT FOR THE YEAR ENDED 31 JANUARY 2021**
I report on the financial statements of RCCG FOG Telford for the year ended 31 Janury 2021 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 given by the accounts.
## **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 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements 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 5th Oct 2021 36 Daffodil Close Hatfield AL10 9FF
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## **- RCCG Fountain of Grace Worship Centre Telford**
## **STATEMENT OF FINANCIAL ACTIVIES (incorporating income and expenditure) FOR THE YEAR ENDED 31 JANUARY 2021**
|**Unrestricted Restricted Total**
**Funds**
**Funds**
**Funds**
**2021**
**2021**
**2021**
**Notes**
**£**
**£**
**£**
**INCOMING RESOURCES**
**Incoming resources from generated funds:**
Voluntary income
2
56,368
-
56,368
Investment income
3
-
-
-
**TOTAL INCOMING RESOURCES**
**56,368**
**-**
**56,368**
**RESOURCES EXPENDED**
Charitable activities
10
8,905
8,905
Support Cost
11
9,371
9,371
Governance costs
12
650
650
**TOTAL RESOURCES EXPENDED**
**18,926**
**-**
**18,926**
**MOVEMENT IN TOTAL FUNDS FOR THE YEAR**
**- NET INCOME/(EXPENDITURE) FOR THE**
**YEAR**
37,442
-
37,442
-
_Total fund at 1 February 2021_
59,783
59,783
-
**TOTAL FUNDS CARRIED FORWARD**
**97,225**
**-**
**97,225**|**Total**
**Funds**
**2020**
**£**
40,027
-|
|---|---|
||**40,027**|
||8,239
16,941
1,153|
||**26,333**|
||13,694
46,089|
||**59,783**|
The Notes on pages 11 to 14 formed part of these financial statements.
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## **- RCCG Fountain of Grace Worship Centre Telford**
## **Balance Sheet At 31 JANUARY 2021**
|**Notes**
**FIXED ASSETS**
**Tangible assets**
5
**CURRENT ASSETS**
Debtors
6
Cash at bank
**CREDITORS:**Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**CREDITORS:**Amounts falling due after more than one year
8
**NET ASSETS**
**FUNDS**
Unrestricted funds
9
Restricted funds
9
**TOTAL FUNDS**|**2021**
**£**
**-**
97,625|**2021**
**£**
**97,225**
97,225
-
**97,225**
97,225
**97,225**|**2020**
**£**
**-**
60,182|
|---|---|---|---|
||97,625
400||60,182
400|
||-||**59,782**|
||||59,782
-|
||**-**||**59,782**|
|||||
||||**59,783**|
|||||
||||**59,783**|
The financial statements were approved by the Trustees on 5th Oct 2021 and signed on their behalf, by
## **Ebenezer Ampaw**
Name of Approving Trustee
The notes on pages 11 to 14 form part of these financial statements.
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## **- RCCG Fountain of Grace Worship Centre Telford**
Notes to the Financial Statements For the year ended 31 January 2021
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles -25% on reducing balance Fixtures and fittings -12.5% straight line Computer Equipment -33.33% straight line
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. VOLUNTARY INCOME**
|**Donations**
Tithes and Love offerings
**3. INVESTMENT INCOME**
Bank interest|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2021**
**2021**
**2021**
**2020**
**£**
**£**
**£**
£|
|---|---|
||**56,368**
**-**
**56,368**
**40,027**|
||56,368
-
56,368
40,027|
||**56,368**
**-**
**56,368**
**40,027**|
||**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2021**
**2021**
**2021**
**2020**
**£**
**£**|
||**-**
**-**
**-**
**-**|
Bank interest
10
## **- RCCG Fountain of Grace Worship Centre Telford**
Notes to the Financial Statements - continued For the year ended 31 January 2021
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 January 2021
## **Trustees' Expenses**
There were no trustees' expenses paid neither for the year ended 31 January 2021
## **6. DEBTORS**
|Other debtors
**7. CREDITORS:**
**AMOUNTS FALLING DUE WITHIN ONE YEAR**
HMRC - PAYE/NI owed
Independent Examiner's Fees
Net obligations under finance leases and hire purchases contracts
Accruals and deferred income
**8. CREDITORS:**
**AMOUNTS FALLING DUE MORE THAN ONE YEAR**
Net obligations under finance leases and hire purchases contracts|**£**
**2021**
**£**
-
400
-
-
**400**
**2020**
**£**
-
**-**|£|
|---|---|---|
|||**2020**
**£**
-
400
-
-|
|||**400**|
|||**2020**
**£**
-|
|||**-**|
11
## **- RCCG Fountain of Grace Worship Centre Telford**
Notes to the Financial Statements - continued For the year ended 31 January 2021
## **Net movement in funds, included in the above are as follows:**
|**Net movement in funds, included in the above are as follows:**||
|---|---|
|**Unrestricted funds**
General fund
Restricted
**TOTAL FUNDS**|**Incoming**
**Resources**
**Movement in**
**resources**
**expended**
**funds**
£
£
£
56,368
18,926
37,442|
||**56,368**
**18,926**
**37,442**|
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## **- RCCG Fountain of Grace Worship Centre Telford**
Detailed Statement of Financial Activities for the year ended 31 January 2021
|**RESOURCES EXPENDED**
**10. Charitable activities**
Outreach/Evangelism work
Welfare
Donation & Gift
Central Office
WEM
FOL
Area & Province
**11. Support Costs**
Printing, Postage and Stationery
Travel & subsistence
Conferences
Rent
Refreshment/Entertainment
Training
Motor Expenses
Insurance
Choir
Sundry Expenses
Honorarium
**12. Governance**
Independent Examiners fees
Professional fees
**Total resources expended**|**Unrestricted**
**Restricted**
**2021**
**2021**
**_£_**
**_£_**
-
1,691
1,953
240
4,200
-
820
**8,905**
**-**
70
869
1,378
2,479
60
1,842
1,084
922
100
47
520
**9,371**
**-**
400
250
**650**
**-**
**18,926**
**-**|**2020**
**_£_**
301
1,392
1,257
600
4,350
240
100|
|---|---|---|
|||**8,239**|
|||226
2,114
1,655
5,693
384
406
1,505
370
425
889
3,275|
|||**16,941**|
|||400
753|
|||**1,153**|
||||
|||**26,333**|
13