**REPORT AND FINANCIAL STATEMENTS FOR THE ACCOUNTING PERIOD ENDED 30TH APRIL 2022**
**CHARITY NO: 1184100 COMPANY NO: 11930787**
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE**
**(A Company Limited by Guarantee)**
|**Contents**|**Page**|
|---|---|
|Legal and Adminstrative Information|**1**|
|Report of the Trustees|**2-4**|
|Independent examiner's Report|**5**|
|Statement of Financial Activities|**6**|
|Balance Sheet|**7**|
|Notes forming part of the financial statements|**8-11**|
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE (A Company Limited by Guarantee)**
## **Legal and Administrative Information**
**Company / Charity Name:** The Redeemed Christian Church of God Throne of Grace **Company Registration Number:** 11930787 **Charity Registration Number:** 1184100 **Registered Office and Operational Address:** 39 Elmsleigh Drive Leigh-on-Sea Southend-on-Sea Essex SS9 3DW **Directors / Trustees:** Eden Anthony Okorie Ugorji Agbaeze Peter Aloysius Christopher Alabi, Olajide Secretary **Independent Examiner** TPC Consult (UK) Ltd 18 Peckover Close peterborough PE2 8UQ **Bankers:** Lloyds TSB Bank plc
**Page 1**
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE (A Company Limited by Guarantee)**
## **Report of the Trustees for the accounting period ended 30th April 2022**
The trustees, (who are also the directors of the Charity for the purpose of the Comapany Act), present their statutory report together with the financi statements of the charity for the accounting period ended 30 April 2022. The financial statement has been prepared in accordance with the accounting policies set out on pages 9 to 11. of the notes to the financial statements and comply with Accounting and Reporting by Charities. Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and republic of ireland (FRS 102) .
## **Structure Governace and Management**
**a. Constitution** The charitable company is constituted under a Memorandum of Association dated 22 March 2019. Registered with the Company House as represente by a certificate of incorporation dated 08/04/2019 and is a registered charity with the Charity Commission.
## **b. Method of appointment of Trustees**
The management of the charitable company is the responsibility of the board of trustees who are elected and co opted under the terms of the Articles of Association.
## **Aims and Purposes**
The charity seeks to fulfil our purpose and calling as followers of Jesus Christ. Our main objective is to promote the gospel of our Lord Jesus Christ by providing a platform for the coming together of people from different cultures and backgrounds for personal and spiritual development. We provide both practical and spiritual support to all those who attend the church and reach out in a variety of ways to those in our local community.
## **Charitable Objectives and Activities**
The charity's object is to advancement of the Christian Faith worldwide for the benefit of the public. This involves establishing churches and communi centres. The charity also looks to support training and educational facilities as well as establishing mentoring programmes to equip people with values in line with Christian principles.
## **A brief write-up of what we have achieved in the period being reviewed.**
In addition to the spiritual and pastoral support we offer, we are community focused. We have also played a strategic role in the community in the course of the ongoing pandemic.
## **Our vision**
1. Empowerment of young girls and women a. Skills acquisition and development in girls and women b. Discover gifts in young girls and promote the development of these gifts
2. Tackling mental health challenges through Social interaction sessions that provided hands on activities where people can develop life skills such as sewing and catering.
3. Support the homeless, orphans and widows in the developing countries by partnering with existing charities. 4. Promote healthy lifestyle
## **Our focus**
1. Young girls, Single mums, Women, Unemployed 2. Vulnerable families within the BME who lost their jobs due to the pandemic and require food 3. Vulnerable families from the BME groups - victims of domestic violence and human trafficking 4. Vulnerable families with under aged children with medical conditions and allergies and unable to make the most of standard food from the foodb 5. Vulnerable families with under aged children experiencing severe financial hardship due to no recourse to public funds will benefit from this pro 6. The homeless, orphans and widows in the developing countries
**Page 2**
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE (A Company Limited by Guarantee)**
## **Report of the Trustees for the accounting period ended 30th April 2022**
## **Our activities and facilities**
1. Counselling and mentoring
2. Training and Empowerment Centre
3. Sewing and catering class for girls and women
4. Girls Brigade - open to anyone in the community
5. In-house body fitness exercise and workouts
6. Outreach to the homeless, orphans and widows in the developing countries through collaboration
## **How our project impacts our community?**
As a church, we are greatly concerned with the negative impact of the pandemic on people in our community. We have been working together with support groups in the community like foodbanks, CAB, to support families through th pandemic. We do have families come to us for a variety of support while some families are referred to us.
We have met diverse needs of BME families in the community though at a limited capacity - because our major source of in is donation from church members.
We offer counselling session
We provide special food not available from the foodbank
We help retrain unemployed or people who have lost their jobs due to the pandemic and looking for a job or change of job, especially from the BME. We offer training support to enable such people get the prerequisite or specialised training they need to make them suitable for the job they are appl e.g. mental health and social care workers.
We offer free e-DBS and provide reference to enable people get back to work.
We also work in partnership with foodbank who are aware of our services and refer people to us.
## **Achievement in the year**
1. Sewing class is offered free and flexibility in a relaxed environment.
2. Sewing session has proved therapeutic and created opportunity for social interaction and engagement
3. In addition to skills acquisition, the sewing class has helped alleviate loneliness and mental health-related problems by creating an opportunity interaction, engaging people’s mind through hands-on experience, learning new skills that will add value to their lives.
4. Some vulnerable families that relies on foodbanks either due to the pandemic or no recourse to public are in most cases disadvantaged because for social most of the standard food provided by the foodbank does not fully meet their needs.
5. We work with such vulnerable families with children that are allergic to dairy, egg, nuts that cannot make the most of the food they receive from the foodbank.
6. We meet special needs that the standard food provided by foodbanks are unable to meet before and during the pandemic by providing specific foods either on medical grounds or cultural reasons that meet the needs of the family.
7. We have supported more 10 families to meet needs that the foodbank are unable to meet
8. In our Girls Brigade Group, 10 young girls have been trained and empowered with the skills to play musical instruments.
9. We have had people lose weight and live a healthy lifestyle through our weekly session of body fitness exercise and workouts
10. We have partnered with 3 charities that support the homeless, orphans and widows in African countries to provide some financial and material support like clothing.
## **Public Benefit Statement**
All our activities are accessible and open to the general public. Ministering every week to the spiritual needs of the people through bible study, prayer meetings, counselling Our Church Services are presented with both the regular congregant and the visitor or seeker in mind. We minister to the physical, mental and spiritual needs of the members in our services giving specific consideration to the seekers or new comers in our midst who may not necessarily have a church background and as such may not understand the processes and procedures of Christianity.
## **Volunteers**
Volunteers are at the heart of the Charity's activities and have consistenly supported Charity.
The trustees acknowledge and greatly appreciate their contribution without which the charity could not operate successfully.
**Page 3**
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE (A Company Limited by Guarantee)**
## **Report of the Trustees for the accounting period ended 30th April 2022**
## **Future Plans**
A piano class project will be starting soon. The trustees will continue to review the activities and structure of the charity to ensure that it operate to fulfill its Objects. Sunday service and other religious activities will continue to be at the core of what the Charity do.
## **Financial Review**
The principal funding sources for the charity are from offering and tithes at its Church programmes. Incoming Resources - the total income for the period under review was £42,009 and the total resources expended amounted to £39009 resulting in a net surplus of £3000.
## **Reserve and Investment Policy**
It is the objective of the charity to ensure unrectricted funds are kept at a level which provides sufficient funds to cover management, administration and support costs on an on-going basis. Based on the charity's size, the context of future plans, the level of our financial commitments and contractua obligations held. It's our policy to maintain unrestricted reserves of not less than equivalent of three months recurrent expenditure.
The Charity has a policy of keeping any surplus liquid fund in short-trem deposits which can be readily be acccessed and where the capital is protected The objective of the investment policy is to maximise interest while limiting risk. This policy is adopted as the surplus funds are expected to be used in the near future to fund future committment.
## **Risk Management**
The Trustees have conducted a review of the major risks which the charity is exposed, in particular those to operations and finances of the charity. The Trustees review the risk regularly at their meetings and are satisfied that systems are in place to mitigate the Charity's exposure to major risks.
Appropriate DBS checks, supported by relevant training and regularly reviewed policies are made for all those who work
with children or other vulnerable groups within the Charity. Where appropriate, systems have been established to mitigate the risk the Charity faces. Significant external risks to funding have led to the development of a strategic plan which will allow for the diversification of funding activities. Internal control risks are minimised by the implementation of procedures for authorisation of all transactions.
## **Responsibilities of the Trustees**
Charity 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 charitable trust as at the balance sheet date and of its incoming resources and applications of resources, including income and expenditure, for for the financial year. In preparing those financial statements the Trustees should follow best practice and :
o Select suitable accounting policies and then apply them consistently;
o Make judgements and estimates that are reasonable and prudent
o Prepare the financial statements on the on going basis unless it is inappropriate to presume that the charity will continue on that basis.
## **Members of the Board of Trustees**
Members of the Board of Trustees, and trustees for the purpose of charity law, who served during the period and up to the date of this report are set out on page 1.
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.
## **Declarations**
The company has taken advantage of the small companies’ exemption in preparing the report above. The trustees declare that they have approved the trustees’ report (including directors’ report) above. Signed on behalf of the charity’s trustees/directors
**Name: Eden Anthony Position: Trustee Date: 23rd January 2023**
**Page 4**
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE (A Company Limited by Guarantee)**
## **Independent Examiner's Report to the Trustees of The Redeemed Christian Church of God throne of Grace**
I report on the accounts of the above Charity for the Accounting period ended 30th April 2022 set out on pages 6 to 11
## **Respective responsibilities of trustees and independent examiner**
The Trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). The charity’s trustees consider that an audit is not required for this period under Part 16 of the 2006 Act and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Act
- to follow the procedures laid down in the general Direction given by the Charity commission (under section 145(5)(b) of the Charites Act, and
* to state whether particular matters have come to my attention.
## **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 which gives me reasonable cause to believe that in any material respect:
- accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
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.
---------------------------------------------------- Date: 23rd January 2023
Chioma John-Musa FFA FIPA
TPC Consult (UK) Ltd
18 Peckover Close
Peterborough PE2 8UQ
**Page 5**
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE (A Company Limited by Guarantee)**
## **Statement of Financial Activities for the Accounting period ended 30th April 2022**
|**2022**
**Notes**
**Unrestricted**
**Funds**
**Restricted Funds**
**Total Funds**
**£**
**£**
**Income**
**Income and endowments from:**
Donations and legacies
-
-
-
Charitable activities
2
42,009
-
42,009
Investments
-
**_Total_**
**42,009**
**-**
**42,009**
**Expenditure**
**Expenditure on:**
Raising funds
3
11,884
-
11,884
Charitable activities
4
26,115
-
26,115
Other
5
1,010
1,010
**_Total_**
**39,009**
-
39,009
**Net income/(expenditure)**
3,000
-
3,000
**Net income/(expenditure) before investment gains/(losse**
3,000
-
3,000
Net gains/(losses) on investments
-
-
-
**Net income/(expenditure)**
3,000
-
3,000
Other gains/(losses)
-
-
-
**_Net movement in funds_**
3,000
-
3,000
**_Reconciliation of funds:_**
Total funds brought forward
19,767
-
19,767
**_Total funds carried forward_**
22,767
-
22,767|**2022**
**Unrestricted**
**Funds**
**Restricted Funds**
**Total Funds**
**£**
**£**
-
-
-
42,009
-
42,009
-|**2021**
**Total Funds**
**£**
-
57,145
-|
|---|---|---|
||**42,009**
**-**
**42,009**|**57,145**|
||11,884
-
11,884
26,115
-
26,115
1,010
1,010|14,137
22,686
800|
||**39,009**
-
39,009|37,623|
|||19,522|
|||19,522
-
19,522
-|
||3,000
-
3,000|19,522|
||19,767
-
19,767|245|
||22,767
-
22,767|19,767|
**Page 6**
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE**
**(A Company Limited by Guarantee)**
## **Balance Sheet as at 30th April 2022**
|**Notes**
**Fixed assets**
Tangible assets
**_Total fixed assets_**
**Current assets**
Debtors
Cash at bank and in hand
8
**_Total current assets_**
Creditors: amounts falling due within one yea
9
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
Creditors: amounts falling due after one year
**_Total net assets or liabilities_**
10
**Funds of the Charity**
Restricted funds
Unrestricted funds
**_Total funds_**|2022
2021
**Unrestricted**
**funds**
**Restricted funds**
**Total Funds**
**Total Funds**
**£**
**£**
**£**
- - - -
- - - -
- -
- - -
23,217 - 23,217 20,916|
|---|---|
||23,217 - 23,217 20,916|
||450 - 450 1,149
- -
22,767 - 22,767 19,767|
||22,767 - 22,767 19,767|
||- -|
||22,767 - 22,767 19,767|
||- - - -
22,767 - 22,767 19,767|
||22,767 - 22,767 19,767|
The company was entitled to exemption from audit under s477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The Financial Statements were approved by the board on the 23rd January 2023 and signed on its behalf by:
**Name: Eden Anthony Position: Trustee**
**Page 7**
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE (A Company Limited by Guarantee)**
## **Notes forming part of the financial statements for the Accounting period ended 30th April 2022**
## **1. Accounting Policies**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
## **(a) Basis of Accounting**
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
## **(b) Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Unrestricted funds may include a revaluation reserve representing the restatement of investment assets at market values where applicable. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
## **(c ) Incoming Resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receiveable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
Invested income is included when receivable.
Incoming resources from charitable trading activity are accounted for when earned.
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
## **(d) Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
**Page 8**
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE (A Company Limited by Guarantee)**
## **Notes forming part of the financial statements for the Accounting period ended 30th April 2022**
## **e. Tangible Fixed Assets and Depreciation**
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1000 are not capitalised.
## **Depreciation**
Depreciation is provided at rates calculated to write off the cost of each asset, less their estimated Investments held as fixed assets are revalued at m market value at the blance sheet date and the gain or loss taken to the Statement of Financial Activities.
|**2. Income: Donations**
Donations and legacies
Charitable activities
**Expenditure**
**4. Raising funds**
Administration
Support Costs
Premises
**4. Charitable activities**
Ministry
**5. Other**
Professional fees
Accounting fees
Total Expenditure|**2022**
**2021**
**Unrestricted**
**Restricted**
**Total**
**Total**
**£**
**£**
**£**
42,009
-
42,009
57,145
-
-
-|
|---|---|
||42,009
-
42,009
57,145|
||**2022**
**2021**
**Unrestricted**
**Restricted**
Total
Total
**£**
**£**
£
4,124
4,124
5,827
-
-
-
82
7,760
7,760
8,228|
||11,884
-
11,884
14,137|
||26,115
-
26,115
22,686|
||26,115
-
26,115
22,686|
||560
-
560
350
450
-
450
450|
||**1010**
**-**
**1010**
**800**|
|||
||**39,009**
**-**
**39,009**
**37,623**|
## **6. Trustee Remuneration & Related Pay Transactions**
No member of the Board of Directors/Trustees received any remuneration during this period.
## **7. Taxation**
As a charity, the Church is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or S256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the Charity.
**Page 9**
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE (A Company Limited by Guarantee)**
**Notes forming part of the financial statements for the Accounting period ended 30th April 2022**
|**8. Cash at Hand and in bank**
Cash at bank
**9. Creditors: Amount falling due within one year**
Creditors
Accruals - Accountancy fees
10. Analysis of Net Assets Between Funds
**Tangible Fixed Assets**
Current Assets
Current Liabilities
**Net Assets at 30 April 2022**
**11. Movements in Funds**
**Restricted Funds:**
Total Restricted Funds
**Unrestricted Funds:**
General Funds
Total Unrestricted Funds
Total Funds|**2022**
**2021**
**£**
**£**
**£**
**£**
-
23,217
-
23,217
20,916|
|---|---|
||23,217
-
23,217
20,916|
||**2022**
**2021**
**£**
**£**
**£**
**£**
-
-
-
699
450
450
450|
||450
-
450
1,149|
||**2022**
**2021**
**General**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
£
£
£
23217
-
23,217
20915.53
-450
-
(450)
-1149
-
-
-
-|
||22,767
-
22,767
19,767|
||**At 1 May**
**Incoming**
**Outgoing**
**At 30 April**
**2021**
**Resources**
**Resources**
**2022**
**[Inc Gains]**
-
-
-
-|
||-
-
-
-|
||19,767
42,009
39,009
22,767|
||19,767
42,009
39,009
22,767|
|||
||19,767
42,009
39,009
22,767|
**Page 10**
**THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE (A Company Limited by Guarantee)**
## **Notes forming part of the financial statements for the Accounting period ended 30th April 2022**
Detailed Statement of Financial Activities for the accounting period Ended 30 April 2022
|**Income**
Grants
Tithes
Offerings
Other income
**Less Expenditure**
**Premises Costs**
Rent
Utilities
Others
**Administration**
Internet
Insurance
Technical and Media
Repair and Maintenance
Equipments
**Ministry**
Welfare an Isaiah project
Outreaches
Honorarium
Donation to other charities
COF
WEM
Conference & Event
Training
Pastors Office - Vicarage
Sundry
**Other**
Professional & Legal fees
Accountancy fees
**Support Costs**
Bank Charges
Depreciation
Other
**Surplus/(Deficit) for the period**
**Surplus/(Deficit) brought forward**
**Surplus carried forward**|**2022**
**2022**
**£**
**£**
-
23,042
13,266
5,701
42,009
6,099
1,661
-
7,760
629
-
-
1,500
1,995
4,124
1,320
204
650
240
600
6,000
1,973
5,005
7,700
2,423
26,115
560
450
1,010
-
-
-
-|**2022**
**2021**
**2021**
**£**
388
35,361
16,779
4,618
42,009
57,145
6,334
1,894
8,228
-
239.67
464
5123.4
5827
4665
896
250
240
600
7239
1000
1450
4855
1491
22686
350
450
800
82
82
39,009
37,623
3,000
19,522
19,767
245
22,767
19,767|**2021**
**£**|
|---|---|---|---|
||||57,145|
||||37,623|
||||19,522
245|
||||19,767|
**Page 11**