Charity no 1184448 Company number 11274231 ## **RCCG Throne of Grace Wisbech** ## **1st July 2020 to 30th June 2021** **Prepared by DTT Consultancy Ltd** ## **RCCG Throne of Grace Wisbech** ## **Administrative Information** **RCCG Throne of Grace Wisbech Financial Statement for the year ended 30 June 2021** ## **Registered Charity Number:** **Pastor in Charge** Pastor Oluwafemi Okanlawon **Board of Trustees** Olusanya George Akinwumi Odunola Adebukola Akinbo Oluwafemi Samson Okanlawon **Registered Office:** 17 Ogden Gardens 6 Union Place Castle Square, Wisbech PE13 1EH **Independent Examiner:** Tunji Ogedengbe 36 Daffodil Close Hatfield Herts AL10 9FF ## **RCCG Throne of Grace Wisbech** ## **Report of the Trustees for year ended 30 June, 2021** ## **RCCG Throne of Grace Wisbech** The statement of the financial activities reveal a Net Asset for the year of £21,584 Over the past year we have seen an increase in our inflow through members voluntary donation and contribution by oversea churches. We expect our future resources to come from the same source. We are expecting a continued increase in the demand for spiritual and emotional healing given the current state of the economy and effort would be geared toward driving up our income stream to meet this continued demands. The present level of funding is adequate to support the continuation of the church objectives. ## **Risk Management** The trustees actively review the major risks, which the charity faces on a regular basis. The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. ## **Trustees' responsibilities in relation to the financial statement** Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: - Select suitable accounting policies and apply them consistently; - Make judgements and estimates that are reasonable and prudent; - State whether applicable Accounting Standards and Statement of recommended practices have been followed, subject to any material departure disclosed and explained in the financial statements. - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in business. ## **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. Approved by the trustees and signed on their behalf by: ## **Board of trustees** Date: 14 July 2021 Page 1 **RCCG Throne of Grace Wisbech** ## **INDEPENDENT EXAMINNERS REPORT FOR THE YEAR ENDED 30 JUNE 2021** I report on the financial statements of RCCG Throne of Grace Wisbech for the year ended 30 June 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 ## **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 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 12th July 2021 36 Daffodil Close Hatfield AL10 9FF |**RCCG**|**RCCG Throne of Grace Wisbech**|**RCCG Throne of Grace Wisbech**|**RCCG Throne of Grace Wisbech**|**RCCG Throne of Grace Wisbech**|**RCCG Throne of Grace Wisbech**|| |---|---|---|---|---|---|---| ||Annual Accountsforthe period|||||| ||Period start date|**1st July 2020**|**To**|Period end
date|**30th June 2021**|| |||||||| |**Section A Statement of financial activities**||||||| |**Recommended**
**categories by activity**
**Details of own**
**analysis**
Note
**Grace Wisbech**
**Incoming resources (Note 3)**
**Incoming resources from**
**generated funds**
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
**Incoming resources from**
**charitable activities**
S04
**Other incoming resources**
S05
S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary
income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
**_Total funds carried forward_**
**Total funds brought forward**
**_Net movement in funds_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
Gains and losses on investment assets
Prior Year Adjustment
**Other recognised** **gains/(losses)**
**_Net incoming/(outgoing) resources before_**
**_other recognised gains/(losses)_**
**Gross transfers between funds**
**_Total resources expended_**
**_Total incoming resources_**||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05||||| |||-|-|-|-|-| |||47,636|-|-|47,636|26,576| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||47,636|-|-|47,636|26,576| |||||||| |||-|-|-|-|-| |||27,866|-|-|27,866|14,813| ||||-|-|-|| ||||-|-|-|| |||8,274|-|-|8,274|7,459| ||||-|-|-|| |||-|-|-|-|-| |||36,140|-|-|36,140|22,271| |||11,496|-|-|11,496|4,305| |||-|-|-|-|-| |||11,496|-|-|11,496|4,305| |||||||| ||||-|-|-|| |||-|-|-|-|-| |||11,496|-|-|11,496|4,305| |||10,088|-|-|10,088|5,784| |||21,584|-|-|21,584|10,088| Page 2 ## **RCCG Throne of Grace - 1st July 2020 to 30th June 2021** ## **Section B Balance sheet** |**Fixed assets**
**Tangible assets (Note 9)**
RCCG Throne of Grace Wisbech
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 13)**
**Provisions for liabilities and charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
**Restricted income funds (Note 14)**
**Endowment funds(Note 15)**
**_Total funds_**
Signed by|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20|**Unrestricted**
**funds**
**£**
F01|**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**£**
F03|**2021**
**2020**
**£**
**£**
F04
F05|**2021**
**2020**
**£**
**£**
F04
F05| |---|---|---|---|---|---|---| ||||-|-|-|| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||-|-|-|-|-| |||16,000|-|-|16,000|| ||||-|-|-|| |||6,384|-|-|6,384|10,338| |||22,384|-|-|22,384|10,338| |||||||| |||250|-|-|250|250| |||||||| |||22,134|-|-|22,134|10,088| |||||||| |||22,134|-|-|22,134|10,088| |||||||| |||550|-|-|550|| |||-|-|-|-|-| |||||||| |||21,584|-|-|21,584|10,088| |||||||| |||21,584|||21,584|10,088| ||||||-|| ||||-||-|| |||||-|-|| |||||||| |||21,584|-|-|21,584|10,088| |||Signature||-
Date of
approval
Print Name||| |||||||14th July2021| |||||||| Page 3 **RCCG Throne of Grace - 1st July 2020 to 30th June 2021 Section C Notes to the accounts** ## Note 1 **Basis of preparation** ## _**This section should be completed by all charities** ._ ## **RCCG Throne of Grace Wisbech** These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with: - Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005); > • and with* a Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE); - and with the Charities Act 1993. [** except for the following]. ## _**Give details in this box if a different standard has been followed.**_ - -Tick as appropriate:  if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;  if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting Standards for Smaller Enterprises (FRSSE)”. ** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes. ## **1.2 Change in basis of accounting** There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following). - § if no changes have been made to accounting policies then delete these words. ## **1.3 Changes to previous accounts** Not applicable Page 4 ## **RCCG Throne of Grace - 1st July 2020 to 30th June 2021** **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** _**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_ ## **INCOMING RESOURCES** |**RCCG Throne of Grace**|These are included in the Statement of Financial Activities (SoFA) when:| |---|---| |**resources**| the charity becomes entitled to the resources;| || the trustees are virtually certain they will receive the resources; and| || the monetary value can be measured with sufficient reliability.| |**Incoming resources with**|Where incoming resources have related expenditure (as with fundraising or contract income)| |**related expenditure**|the incoming resources and related expenditure are reported gross in the SoFA.| |**Grants and donations**|Grants and donations are only included in the SoFA when the charity has unconditional| ||entitlement to the resources.| |**Tax reclaims on donations**|Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to| |**and gifts**|which they relate.| |**Contractual income and**|This is only included in the SoFA once the related goods or services have been delivered.| |**performance related grants**|| |**Gifts in kind**|Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.| ||Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or| ||distributed by the charity.| ||Gifts in kind for use by the charity are included in the SoFA as incoming resources when| ||receivable.| |**Donated services and**|These are only included in incoming resources (with an equivalent amount in resources| |**facilities**|expended) where the benefit to the charity is reasonably quantifiable, measurable and| ||material_._The value placed on these resources is the estimated value to the charity of the| ||service or facility received.| |**Volunteer help**|The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.| |**Investment income**|This is included in the accounts when receivable.| |**Investment gains and losses**|This includes any gain or loss on the sale of investments and any gain or loss resulting from| ||revaluing investments to market value at the end of the year.| |**EXPENDITURE AND**|**LIABILITIES**| |**Liability recognition**|Liabilities are recognised as soon as there is a legal or constructive obligation committing the| ||charity to pay out resources.| |**Governance costs**|Include costs of the preparation and examination of statutory accounts, the costs of trustee| ||meetings and cost of any legal advice to trustees on governance or constitutional matters.| |**Grants with performance**|Where the charity gives a grant with conditions for its payment being a specific level of service| |**conditions**|or output to be provided, such grants are only recognised in the SoFA once the recipient of the| ||grant has provided the specified service or output.| |**Grants payable without**|These are only recognised in the accounts when a commitment has been made and there are| |**performance conditions**|no conditions to be met relating to the grant which remain in the control of the charity.| |**Support Costs**|Support costs include central functions and have been allocated to activity cost categories on a| ||basis consistent with the use of resources, eg allocating property costs by floor areas, or per| ||capita, staff costs by the time spent and other costs by their usage.| |**ASSETS**|| |**Tangible fixed assets for use**|
These are capitalised if they can be used for more than one year, and cost at least £500. They| |**by charity**|are valued at cost or a reasonable value on receipt.| |**Investments**|Investments quoted on a recognised stock exchange are valued at market value at the year| ||end. Other investment assets are included at trustees' best estimate of market value.| |**Stocks and work in progress**|These are valued at the lower of cost or market value.| Page 5 **RCCG Throne of Grace - 1st July 2020 to 30th June 2021** **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of incoming resources** ## _**Incoming resources may be further analysed if this would help the reader of the accounts.**_ |**Activities for generating funds**
**Investment income**
**Incoming resources from**
**charitable activities**
**Voluntary income**|**Analysis**|**2021**
**2020**
**£**
**£**|**2021**
**2020**
**£**
**£**| |---|---|---|---| ||Tithes|47,636|24,078| ||Gift Aid|-|2,498| ||||| ||||| ||**Total**|47,636|26,576| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| Page 6 **RCCG Throne of Grace - 1st July 2020 to 30th June 2021 Section C Notes to the accounts (cont)** ## **Note 4 Analysis of resources expended** ## **Resources expended may be further analysed if this would help the reader of the accounts.** |**Costs of generating**
**voluntary income**
**Charitable activities**
**Investment**
**management costs**
**Fundraising trading**
**costs**
**Governance costs**|**Analysis**|**2021**
**2020**
**£**
**£**|**2021**
**2020**
**£**
**£**| |---|---|---|---| ||Honourarium|550|1,600| ||Telephone & Internet|552|86| ||Rent|16,100|6,563| ||Travel|198|1,459| ||Hospitality|196|488| ||Printing& Stationary|56|185| ||Motor Expenses|2,096|2,456| ||Insurance|322|1,400| ||Adverts & Publicity|-|409| ||Office Expenses|57|206| ||Conference|-|120| ||Children/Youth department|120|15| ||Church equipment|693|429| ||Training|299|160| ||Legal & Professional fees|3,475|375| ||Accountingfees|250|250| ||Other|84|111| ||Utilities|1,187|-| ||Cleaningservices|140|-| ||Materials|267|-| ||Purchase of chairs|1,224|-| ||**Total**|27,866|16,313| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||Welfare|125|200| ||Donation|8,071|5,210| ||WEM|-|549| ||Mission|53|-| ||Zonal contribution|25|-| ||**Total**|8,274|5,959| ||||| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| Page 7 **RCCG Throne of Grace - 1st July 2020 to 30th June 2021** ## **Section C Notes to the accounts (cont)** ## **Note 5 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ |**_support costs._**||||| |---|---|---|---|---| |**Support cost type**|**Fundraising activity**
**£**|**Charitable Activity**
**£**|**Governance Activity**
**£**|**Total Cost**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| |**Total**|-|-|-|-| ## **Note 6 Details of certain items of expenditure** ## **6.1 Trustee expenses** _**Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).**_ **Number of trustees who were paid expenses Nature of the expenses** ## **Total amount paid** |**This year**|**Last year**| |---|---| ||| ||| |**£**|**£**| ## **6.2 Fees for examination or audit of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).**_ |**Other fees (for example: advice, consultancy, accountancy**
**services) paid to the independent examiner or auditor**
**Independent examiner’s or auditors' fees for reporting on the**
**accounts**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||250|250| |||| Page 8 **RCCG Throne of Grace - 1st July 2020 to 30th June 2021 Section C Notes to the accounts (cont)** ## **Note 11 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ |**Analysis of debtors**
**RCCG Throne of Grace Wisbech**
**Trade debtors**
**Amounts due from subsidiary and associated**
**undertakings**
**Other debtors**
**Prepayments and accrued income**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||16,000|-|-|-| ||-|-|-|-| ||16,000|-|-|-| ## **Note 12 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_ **12.1 Analysis of creditors** |**Loans and overdrafts**
**Trade creditors**
**Amounts due to subsidiary and associated**
**undertakings**
**Mortgage**
**Accruals and deferred income**
**Total**|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-||| ||250|250|-|-| ||250|250|-|-| ## **12.2 Security over assets** _**If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.**_ Page 9