2023-01-31-accounts - The Redeemed Christian Church Of God Fountain Of Grace Worship Centre (Telford)

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Charity Number: 1182030 Compamy Number: 11748407

RCCG Fountain of Grace Worship Centre Telford

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st JANUARY 2023

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 2023

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

RCCG Fountain of Grace Worship Centre Telford

TRUSTEES' REPORTS FOR THE YEAR ENDED 31 JANUARY 2023

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 2023. 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.

RCCG Fountain of Grace Worship Centre Telford

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 JANARY 2023

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

RCCG Fountain of Grace Worship Centre Telford

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 JANUARY 2023

FINANCIAL REVIEW

a. RESERVES POLICY

The statement of the financial activities shows net unused resources for the year of £72,949 of which £40,000 is saved as reserves.

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 7th March 2023 and signed on their behalf, by:

Ebenezer Ampaw

Name of Approving Trustee

RCCG Fountain of Grace Worship Centre Telford

INDEPENDENT EXAMINNERS REPORT FOR THE YEAR ENDED 31 JANUARY 2023

I report on the financial statements of RCCG FOG Telford for the year ended 31 Janury 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 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 7th March 2023 36 Daffodil Close Hatfield AL10 9FF

RCCG Fountain of Grace Worship Centre Telford

STATEMENT OF FINANCIAL ACTIVIES (incorporating income and expenditure) FOR THE YEAR ENDED 31 JANUARY 2023

Unrestricted Restricted Total Funds Funds Funds 2023 2023 2023 Notes £ £ £ INCOMING RESOURCES Incoming resources from generated funds: Voluntary income 2 113,109 - 113,109 Investment income 3 - - - TOTAL INCOMING RESOURCES 113,109 - 113,109 RESOURCES EXPENDED Charitable activities 10 8,194 8,194 Support Cost 11 31,066 31,066 Governance costs 12 900 900 TOTAL RESOURCES EXPENDED 40,160 - 40,160 MOVEMENT IN TOTAL FUNDS FOR THE YEAR - NET INCOME/(EXPENDITURE) FOR THE YEAR 72,949 - 72,949 - Total fund at 1 February 2021 126,643 126,643 - TOTAL FUNDS CARRIED FORWARD 199,592 - 199,592	Total Funds 2022 £ 60,164 -
	60,164
	6,158 23,918 670
	30,746
	29,418 - 97,225 -
	126,643

The Notes on pages 11 to 14 formed part of these financial statements.

RCCG Fountain of Grace Worship Centre Telford

Balance Sheet At 31 JANUARY 2023

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	2023 £ - 199,992	2023 £ 199,592 199,592 - 199,592 199,592 199,592	2022 £ 127,043
	199,992 400		127,043 400
	-		126,643
			126,643 -
	-		126,643
			126,643
			126,643

The financial statements were approved by the Trustees on 7th March 2023 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.

RCCG Fountain of Grace Worship Centre Telford

Notes to the Financial Statements For the year ended 31 January 2023

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 2023 2023 2023 2022 £ £ £ £
	113,109 - 113,109 60,164
	113,109 - 113,109 60,164
	113,109 - 113,109 60,164
	Unrestricted Restricted Total Total Funds Funds Funds Funds 2023 2023 2023 2022 £ £ £ £
	- - - -

RCCG Fountain of Grace Worship Centre Telford

Notes to the Financial Statements - continued For the year ended 31 January 2023

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 January 2023

Trustees' Expenses

There were no trustees' expenses paid neither for the year ended 31 January 2023

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	£ 2023 £ - 400 - - 400 2023 £ - -	£
		2022 £ - 400 - -
		400
		2022 £ -
		-

RCCG Fountain of Grace Worship Centre Telford

Notes to the Financial Statements - continued For the year ended 31 January 2023

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 £ £ £ 113,109 40,160 72,949
	113,109 40,160 72,949

RCCG Fountain of Grace Worship Centre Telford

Detailed Statement of Financial Activities for the year ended 31 January 2023

RESOURCES EXPENDED 10. Charitable activities Outreach/Evangelism work Welfare Donation & Gift Central Office WEM Area & Province 11. Support Costs Printing, Postage and Stationery Travel & subsistence Conferences Rent Hospitality Training Office Expenses Office Equipment Motor Expenses (Inc fuel) Motor Vehicle (Inc repairs) Insurance Multi media Choir/instruments Sundry Expenses Honorarium 12. Governance Independent Examiners fees Professional fees Total resources expended	Unrestricted Restricted 2023 2023 £ £ 1,704 1,396 354 840 3,900 - 8,194 - 146 2,683 897 7,218 1,209 1,476 460 2,755 3,080 4,033 675 986 749 - 4,700 31,066 - 400 500 900 - 40,160 -	2022 £ - 1,759 759 320 2,550 770
		6,158
		- 841 2,585 3,895 439 2,074 430 - 1,765 - 870 1,107 8,219 343 1,350
		23,918
		400 270
		670

		30,746