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2023-04-30-accounts

REPORT AND FINANCIAL STATEMENTS FOR THE ACCOUNTING PERIOD ENDED 30TH APRIL 2023

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 2023

The trustees, (who are also the directors of the Charity for the purpose of the Comapany Act), present their statutory report together with the financia statements of the charity for the accounting period ended 30 April 2023. 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 community 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

  1. Tackling mental health challenges through Social interaction sessions that provided hands on activities where people can develop life skills such as sewing and catering.

  2. Support the homeless, orphans and widows in the developing countries by partnering with existing charities.

  3. 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

  2. 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 proje 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 2023

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 apply 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

This financial year, we have built on our previous achievements and added several new initiatives to further support our community:

  1. We continue to offer sewing classes at no cost, providing a flexible and relaxing environment that not only teaches valuable skills but also serves as a therapeutic outlet for social interaction and mental health benefits.

  2. Our sewing sessions have become a vital means for alleviating loneliness and mental health issues by offering hands-on experiences that engage participants and enhance their lives through new skills.

  3. We address the specific dietary needs of vulnerable families who rely on food banks, including those with dietary restrictions due to allergies to dairy, eggs, or nuts. We provide tailored food options that meet medical or cultural requirements, enhancing the standard offerings from food banks.

  4. We have extended our support to more than 10 families, helping them obtain specific foods not typically provided by food banks.

  5. In our Girls Brigade Group, we have empowered 10 young girls by training them to play musical instruments, fostering both personal growth and musical skills.

  6. Our health and wellness initiatives have led to significant health improvements, with many individuals losing weight and adopting healthier lifestyles through our weekly fitness sessions.

  7. We have strengthened our partnerships with three charities that aid the homeless, orphans, and widows, providing essential financial and material support, such as clothing.

  8. New this year, we have initiated training programs for families from BME backgrounds who have recently relocated to the UK, helping them acquire necessary skills for employment.

  9. We have conducted frequent seminars for newcomers to the UK on navigating the local systems, ensuring they integrate smoothly into their new environment.

  10. Our job search assistance programs have been instrumental in guiding individuals on how to effectively search for jobs, complete applications, and receive training that maximizes their employment prospects.

  11. We also introduced a pastor's surgery, offering personal consultations to discuss mental health, welfare needs, and other personal matters, providing one-on-one support to those in need. Lastly, we have introduced drum lessons as a new avenue to engage young boys, further enriching our community support initiatives. Together, these programs enhance our commitment to supporting and empowering our community members through diverse and crucial initiatives.

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.

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 2023

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.

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 £60564 and the total resources expended amounted to £44667 resulting in a net surplus of £15897.

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: 1st May 2024

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 2023 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:

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: 1st May 2024

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 2023

2023
Notes
Unrestricted
Funds
Restricted Funds
Total Funds
£
£
Income
Income and endowments from:
Donations and legacies
-
-
-
Charitable activities
2
60,564
-
60,564
Investments
-
Total
60,564
-
60,564
Expenditure
Expenditure on:
Raising funds
3
11,726
-
11,726
Charitable activities
4
32,491
-
32,491
Other
5
450
450
Total
44,667
-
44,667
Net income/(expenditure)
15,897
-
15,897
Net income/(expenditure) before investment gains/(losse
15,897
-
15,897
Net gains/(losses) on investments
-
-
-
Net income/(expenditure)
15,897
-
15,897
Other gains/(losses)
-
-
-
Net movement in funds
15,897
-
15,897
Reconciliation of funds:
Total funds brought forward
22,767
-
22,767
Total funds carried forward
38,664
-
38,664		 2023
Unrestricted
Funds
Restricted Funds
Total Funds
£
£
-
-
-
60,564
-
60,564
-		 2022
Total Funds
£
-
42,009
-
60,564
-
60,564		 42,009
11,726
-
11,726
32,491
-
32,491
450
450		 11,884
26,115
1010
44,667
-
44,667		 39,009
3,000
3,000
-
3,000
-
15,897
-
15,897		 3,000
22,767
-
22,767		 19,767
38,664
-
38,664		 22,767

Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD, THRONE OF GRACE

(A Company Limited by Guarantee)

Balance Sheet as at 30th April 2023

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		 2023
2022
Unrestricted
funds
Restricted funds
Total Funds
Total Funds
£
£
£
- - - -
- - - -
- -
- - -
39,530 - 39,530 23,217
39,530 - 39,530 23,217
866 - 866 450
- -
38,664 - 38,664 22,767
38,664 - 38,664 22,767
- -
38,664 - 38,664 22,767
- - - -
38,664 - 38,664 22,767
38,664 - 38,664 22,767

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 1st May 2024 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 2023

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 2023

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 mid 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		 2023
2022
Unrestricted
Restricted
Total
Total
£
£
£
60,564
-
60,564
42,009
-
-
-
60,564
-
60,564
42,009
2023
2022
Unrestricted
Restricted
Total
Total
£
£
£
3,184
3,184
4,124
-
-
-
-
8,541
8,541
7,760
11,726
-
11,726
11,884
32,491
-
32,491
26,115
32,491
-
32,491
26,115
-
-
-
560
450
-
450
450
450
-
450
1,010
44,667
-
44,667
39,009

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 2023

8. Cash at Hand and in bank
Cash at bank
9. Creditors: Amount falling due within one year
Creditors
Accountancy fees
Accruals
10. Analysis of Net Assets Between Funds
Tangible Fixed Assets
Current Assets
Current Liabilities
Net Assets at 30 April 2023
11. Movements in Funds
Restricted Funds:
Total Restricted Funds
Unrestricted Funds:
General Funds
Total Unrestricted Funds
Total Funds		 2023
2022
£
£
£
£
-
39,530
-
39,530
23,217
39,530
-
39,530
23,217
2023
2022
£
£
£
£
-
-
-
-
450
450
450
416
416
-
866
-
866
450
2023
2022
General
Restricted
Total
Funds
Funds
Funds
£
£
£
39530
-
39,530
23217
(866)
-
(866)
(450)
-
-
-
-
38,664
-
38,664
22,767
At 1 May
Incoming
Outgoing
At 30 April
2022
Resources
Resources
2023
[Inc Gains]
-
-
-
-
-
-
-
-
22,767
60,564
44,667
38,664
22,767
60,564
44,667
38,664
22,767
60,564
44,667
38,664

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 2023

Detailed Statement of Financial Activities for the accounting period Ended 30 April 2023

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
Travel & Subsistence
Honorarium
Donation to other charities
COF
WEM
Conference & Event
Training
Pastors Office - Vicarage
Church Office Admin
Other
Professional & Legal fees
Accountancy fees
Support Costs
Bank Charges
Depreciation
Other
Surplus/(Deficit) for the period
Surplus/(Deficit) brought forward
Surplus carried forward		 2023
2023
£
£
-
33,783
17,461
9,320
60,564
5,392
3,149
-
8,541
959
335
-
1,340
550
3,184
1,750
-
650
1,099
740
600
6,500
5,261
7,385
7,500
1,006
32,491
-
450
450
-
-
-
-		 2023
2022
2022

£
-
23,042
13,266
5,701
60,564
42,009
6,099
1,661
7,760
628.96
-
-
1500
1,995
4124
1320
204
-
650
240
600
6000
1973
5005
7700
2423
26115
560
450
1010
44,667
39,009
15,897
3,000
22,767
19,767
38,664
22,767		 2022
£
42,009
39,009
3,000
19,767
22,767

Page 11