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2023-12-31-accounts

Trustees’ Annual Report for the period

From 01/01/2023 Period start date To 31/12/2023 Period end date

Charity name: The Redeemed Christian Church of God This Latter House, Corby Charity registration number: 1182699

Objectives and Activities

Objectives and Activities
SORP reference
Summary of the purposes of
the charity as set out in its
governingdocument		 Para 1.17 Advancing Christian Faith through Church
activities and other relate activities
Summary of the main activities
in relation to those purposes
for the public benefit, in
particular, the activities,
projects or services identified
in the accounts.		 Para 1.17 and 1.19
Christian Education/Training.

The advancement of Christian faith.

Religious Activities.

Regular worship to help members grow
their faith.

Preventing and relief of poverty through
supporting our local Food bank through
regular food donation.
Statement confirming whether
the trustees have had regard
to the guidance issued by the
Charity Commission on public
benefit		 Para 1.18 The trustees have regard to the guidance
issued by the Charity commission on public
benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers

Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its
beneficiaries and any wider
benefits to society as a whole.		 Para 1.20 Our Charity continued to provide various
activities to ensure that the Christian religion
were advanced in our local environment.
Activities such as:
1. Worshiping Three times a week with regular
advertising through evangelism by dropping
leaflet to houses in order to invite them
to worship and advance their Christian faith
2. Regular support to our Local food bank by
giving food donations to support those going
through difficult situation.
3. Regular Bible training for our members and
general public to enable them to grow their
Christian faith.
4. Christmas Hamper for the needy to enable
them feel the love of Christ at time when they
don’t have anythingto celebrate the season.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end of
the period		 Para 1.21 The trustees have reviewed their reserve
policy. The policy is to hold enough funds in the
Bank account to be able to meet 6 months
operating cost of the association except if
there are extraordinary circumstance and they
would have to review their financial policy and
trustees vote for such transaction to occur
Statement explaining the
policy for holding reserves
statingwhytheyare held		 Para 1.22
Amount of reserves held Para 1.22
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the charity
continuingas agoingconcern		 Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources
of funds (including any
fundraising)		 Para 1.47
Investment policy and
objectives including any social
investment policy adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s trusts: Charitable Purposes, Provides Services, The
General Public/mankind
Type of governing document
(trust deed,royal charter)		 Para 1.25 TRUST DEED
How is the charity constituted?
(e.g unincorporated
association,CIO)		 Para 1.25
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of any
person or body entitled to
appoint one or more trustees		 Para 1.25

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures
adopted for the induction and
training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the charity
works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name The Redeemed Christian Church of God This Latter House, Corby
Other name the charityuses
Registered charitynumber 1182699
Charity’s principal address 72 Newmarket Close
CORBY
NN18 8QH

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole year Name of person (or body) entitled to
appoint trustee(if any)
Mr Ezekiel Afon
Mr Abayomi Olatunji
Mr Ayodele Adeeyo
Mr Femi Fajemilo
Mr Oluwatimilehin John
Mrs Ajibola Ativie

Corporate trustees – names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held N/A in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary, Chair,
etc)
Date
EZEKIEL AFON


CHAIRMAN
20/09/2024
20/09/2024

1199542

RCCG THIS LATTER HOUSE

REPORT & ACCOUNTS

31ST DECEMBER 2023

RCCG THIS LATTER HOUSE

Report and Accounts Year Ended 31st December 2023

Contents

Page
Information 1
Report of the Trustees 2
Independent Examiners Reports 5
Statement of Financial Activities 6
Balance Sheet 7
Notes 8-10

RCCG THIS LATTER HOUSE

Report and Accounts Year Ended 31st December 2023

Trustees

Ezekiel Afon Ayodele Adeeyo Abayomi Olatunji Femi Fajemilo Oluwatimilehin John Ajibola Ativie

Charity Number: 1182699

Independent Examiner

Adlan Accountants Limited Newmarket Close Corby NN18 8QH

Bankers

HSBC

Registered office

72 Newmarket Close Corby NN18 8QH

Place of Worship

127 Rowlett Road Corby NN17 2BS

1

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Report and Accounts Year Ended 31st December 2023

Report of the Trustees for the year ended 31 December 2023

The Trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2023

The accounts have been prepared in accordance with the Statement of Recommended Practice 2005 and other applicable laws.

Objects of the charity and activities

We have laid the objectives of our charity under five themes:

Organisation

The board of trustees meets at least 3 times in the year and when necessary to administer the charity activities while the pastor in charge administers the day to day management of the charity as delegated by the trustees. Some of the meetings are held via zoom.

Risk Management

The trustees actively review the major risks which the charity faces on a regular basis. They have examined the major strategic, business and operational risks which the charity faces and confirm that a system have been established to enable regular reports to be produced so that necessary steps can be taken to minimise these risks.

Related parties

The charity is part of the Redeemed Christian Church of God worldwide with which it has an agreement of common purpose. A summary of transactions with those parties are set out in note 6 to the financial statements.

RCCG THIS LATTER HOUSE

Report and Accounts Year Ended 31st December 2023

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

Review of the activties and future developments

The charity continued to strive to ensure the objectives of the charity are met.

This year we continued to meet the objectives of furthering the Christian faith and alleviating the suffering of the people generally irrespective of their race, background. We have also been successful in sharing the Christian faith and helping people develop biblical principles that build up self esteem enabling them to stay out of criminality and social vices and eventually enabling them to fulfil their purpose in life and live a happy productive life. The church is keen at providing stronger family ties and educating the youths.

In terms of donation, we supported some charities. We actively and strongly support the World Evangilical Mission, which aims at furthering the Christian faith all over the world. Anyone struggling to put food on the table are welcome to pick up a food bag containing different foodstuffs at the food bank organised by the charity.

This year, trustees consider that the performance of the parish has been satisfactory in terms of advancement of the Christian faith, helping the poor and in generating needed resources.

Volunteers

Many volunteers give up their time to help at the church, particularly at weekends and in the evenings. We are greatly indebted to these volunteers for their commitment and support.

Statement of Trustees' Responsibilities

The Trustees are responsible for preparing the Annual report and Financial Statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under the law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period.

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

  1. Select suitable accounting policies and then apply them consistently

  2. Make judgements and estimates that are reasonable and prudent

  3. State whether applicable accounting standards and statements of recommendable practice have been followed

  4. Subject to any departures disclosed and explained in the financial statements

  5. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation

RCCG THIS LATTER HOUSE

Report and Accounts Year Ended 31st December 2023

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

The Trustees are responsible for keeping proper accounting records, which will disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Company Act. 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.

Approval

This report was approved by the board of trustees on the 20th September 2024 and signed on its behalf by:

Mr Ezekiel Afon

3

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Report and Accounts Year Ended 31st December 2023

To the members and trustees of

The Redeemed Christian Church of God - This Latter House

Independent Examiner’s Report

I report on the accounts of the church/charity for the year ended 31 December 2023, set out on pages 6 to 10

Respective responsibilities of the trustees and examiner

As described on pages 2 to 4 the trustees are responsible for the preparation of financial statements; and considers that the audit requirements of Section 144 of the Charities Act 2011 (the Act) do not apply and that an independent examination is needed.

It is my responsisblity to:

Basis of Independent examiner’s report

My examination was carried out in accordance with the General directions given by the Charity Commissioners. An examination included a review of 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, seeks explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit and consequently I do not express an audit opinion of the view given by the accounts.

Independent examiner’s statement

  1. 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 requirements of the Act have not been met; or

  2. To which, in my opinion attention should have been drawn in order to enable a proper understanding of the accounts to be reached.

Signature

Olanrewaju Orefuja (Independent Examiner) Adlan Accountants Limited

3

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STATEMENT OF FINACIAL ACTIVITIES Year Ended 31st December 2023

Note
Incoming Resources
Donations & similar income
3
Other incoming resources
4
Bank Interest
Total incoming resources
Resources used
Cost of generating funds
5
Charitable activities
6
Total resources used
Net Incoming Resources		 Unrestricted
fund
£
44143.52
2268.41
197.96
46609.89
15938.61
2961.32
18899.93
27709.96		 Restricted
fund
£
0		 Total
Funds
£
44143.52
2268.41
197.96
46609.89
15938.61
2961.32
18899.93
27709.96

The statement of financial activities includes all incoming resources and resources expended derive from continuing activities.

RCCG THIS LATTER HOUSE

BALANCE SHEET Year Ended 31st December 2023

Notes
Fixed Assets
Tangible assets
9
Plant & Machinery
Fixture & Fittings
Computer Equipment
Net Assets
Current Assets
Cash at Bank & in Hand
8
Net Assets
Capital & Reserves
Accumulated Fund b/fwd
Surplus/Deficits
Member Funds		 2023
2022
£
£
403.59
123.49
1097.25
1371.56
770.57
963.21
2271.41
2458.26
49295.28
21398.47
49295.28
21398.47
23856.73
10311.15
27709.96
13545.58
51566.69
23856.73

RCCG THIS LATTER HOUSE

Notes Forming Part of the Financial Statements Year Ended 31st December 2023

1. Accounting policies

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2000) issued in October 2000, applicable accounting standards and the Companies Act 1985. The principal accounting policies adopted in the preparation of the financial statements are as follows:

Incoming resources

Donations and grants

Income from donations and grants are included in incoming resources when these are receivable.

When donors specify that donations and grants, including capital grants are for particular restricted purposes, which do not amount to pre-conditions regarding entitlement, this income will be included in incoming resources of restricted funds when receivable.

Resources expended

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Fund accounting

Funds held by the charity are either:

Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees.

Restricted funds - these are funds which has been received from donations or gifts for specific purposes and can only be used for the purpose for which it was given.

Further explanation of the nature and purpose of each fund are included in the notes to the financial statements.

2. Legal status of the charity

The charity is an unincorporated association governed by a trust deed

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Notes Forming Part of the Financial Statements Year Ended 31st December 2023 Continued

3. Donations, Legacies & similar income
Tithes & Offerings
4. Other incoming resources
Building Project
Church Retreat
Other Income
Bank Interest
5. Cost of Generating Funds
Staff Training
Legal and Professional Fees (Allowable)
Rates & Water
Rent
Training Manuals
Members Welfare
Cleaning of Premises
Light, Heat & Power
Bank Charges
Depreciation Charge: Plant & Machinery
Depreciation Charge: Fixtures & Fittings
Depreciation Charge: Computer Equipment
Telephone & Internet
Sundry Expenses
General Insurance
Gift to Members
Online Streaming
Honorarium
Community Project
Contribution
Events
Holy Communion
6. Charitable activities
World Evangelistical Ministry (WEM)
Central Office Fund		 2023
£
44143.52
44143.52
2000.00
250.00
18.41
197.96
2466.37
522.00
93.00
1255.41
7743.96
342.00
44.00
539.18
1060.04
96.50
74.88
274.31
192.64
511.76
850.00
133.48
370.00
287.76
150.00
440.40
150.00
649.85
157.44
15938.61
2361.32
600.00
2961.32

7. The trustees were not paid or reimbursed for expenses during the year.

RCCG THIS LATTER HOUSE

Notes Forming Part of the Financial Statements Year Ended 31st December 2023 Continued

8. Cash at bank and in hand
HSBC
HSBC - Savings Account
Metro Bank - Business Instant Access
Metro Bank - Business Community Current		 2023
£
32867.89
14172.75
2004.64
250.00
49295.28

9. Tangible fixed assets

Cost
At 1st of January 2023
Additions
Disposals
At 31st December 2023
Depreciation
At 1st of January 2023
Charge for the year
On disposals
At 31st December 2023
Net book value
At 31st December 2023
Opening Balance as at 1st January 2023		 Plant and
Machinery
Computer
Equipment
Fixtures &
Fittings
Total
£
£
£
£
281
1289
1419
2989
355
0
0
355
0
0
0
0
636
1289
1419
3344
157
326
47
530
75
193
274
542
0
0
0
0
232
518
322
1072
404
771
1097
2271
123
963
1372
2458

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of THE REDEEMED CHRISTIAN CHURCH OF GOD THIS LATTER HOUSE, CORBY

On accounts for the year 31 December 2023 Charity no 1182699 ended (if any) Set out on pages (remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2023 .

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 [The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of [insert name of applicable listed body]]. Delete [ ] if not applicable.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

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.

Signed:

Date: 20/09/2024

Name: OLANREWAJU OREFUJA ACCA

Oct 2018

IER

1

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

ASSOCIATION OF CERTIFIED CHARTERED ACCOUNTANTS

Address:

ADLAN ACCOUNTANTS LIMITED

72 NEWMARKET CLOSE, OAKLEY VALE, CORBY

NN18 8QH

Section B Disclosure

Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

Oct 2018

IER

2