2022-06-30-accounts - Rccg Throne Of Grace Wisbech

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Charity no 1184448 Company number 11274231

RCCG Throne of Grace Wisbech

1st July 2021 to 30th June 2022

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 2022

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, 2022

RCCG Throne of Grace Wisbech

The statement of the financial activities reveal a Net Asset for the year of £82,419

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: 8th Dec 2022

Page 1

RCCG Throne of Grace Wisbech

INDEPENDENT EXAMINNERS REPORT FOR THE YEAR ENDED 30 JUNE 2022

I report on the financial statements of RCCG Throne of Grace Wisbech for the year ended 30 June 2022 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out therein.

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act),as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, as amended, whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on

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 7th Dec 2022 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 2021	To	Period end date	30th June 2022

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 resources expended* *Total incoming resources* *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		Unrestricted funds Restricted income funds Endowment funds 2021 2020 £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		82,856	-	-	82,856	47,636
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		82,856	-	-	82,856	47,636

		-	-	-	-	-
		16,793	-	-	16,793	27,886
			-	-	-
			-	-	-
		5,229	-	-	5,229	8,274
			-	-	-
		-	-	-	-	-
		22,021	-	-	22,021	36,140
		60,835	-	-	60,835	11,496
		-	-	-	-	-
		60,835	-	-	60,835	11,496

			-	-	-
		-	-	-	-	-
		60,835	-	-	60,835	11,496
		21,584	-	-	21,584	10,088
		82,419	-	-	82,419	21,584

Page 2

RCCG Throne of Grace - 1st July 2021 to 30th June 2022

Section B Balance sheet

Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds £ F03	2021 2020 £ £ F04 F05	2021 2020 £ £ F04 F05
195,000	-	-	195,000	-
-	-	-	-	-
-	-	-	-	-
195,000	-	-	195,000	-

-	-	-	-	-
	-	-	-	16,000
	-	-	-	-
2,996	-	-	2,996	6,384
2,996	-	-	2,996	22,384

5,331	-	-	5,331	250

- 2,335	-	-	- 2,335	22,134

192,665	-	-	192,665	22,134

110,246	-	-	110,246	550
-	-	-	-	-

82,419	-	-	82,419	21,584

82,419			82,419	21,584
			-	-
	-		-	-
		-	-	-

82,419	-	-	82,419	21,584
Signature		Date of approval Print Name
				8th Dec 2022

Page 3

RCCG Throne of Grace - 1st July 2021 to 30th June 2022 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 2021 to 30th June 2022

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
conditions	service 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.
by charity	They 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 2021 to 30th June 2022 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.

Analysis	2021 2020 £ £	2021 2020 £ £
Tithes	69,473	47,636
Gift Aid	13,383


Total	82,856	47,636

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Page 6

RCCG Throne of Grace - 1st July 2021 to 30th June 2022 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.

Analysis	2022 2021 £ £	2022 2021 £ £
Honourarium	1,900	550
Telephone & Internet	314	552
Rent	-	16,100
Travel	582	198
Hospitality	947	196
Printing& Stationary	921	56
Motor Expenses	684	2,096
Insurance	956	322
Adverts & Publicity	495	-
Office Expenses	58	57
Children/Youth department	100	120
Church equipment	997	693
Mortgage Interest	1,023
Training	400	299
Repairs & Maintanance	1,387
Legal & Professional fees	3,487	3,475
Accountingfees	409	250
Other	555	84
Utilities	1,419	1,187
Cleaningservices	158	140
Materials	-	267
Purchase of chairs	-	1,224
Total	16,793	27,866

		-
		-
		-
		-
		-
Total	-	-

		-
		-
		-
Total	-	-

Welfare	650	125
Donation	4,524	8,071
WEM	30	-
Mission	-	53
Zonal contribution	25	25
Total	5,229	8,274

		-
		-
		-
Total	-	-

Page 7

RCCG Throne of Grace - 1st July 2021 to 30th June 2022

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 2021 to 30th June 2022

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Equipment £	Total £
-	-	-		-	-
195,000	-		-	-	195,000
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
195,000	-	-	-	-	195,000

9.2 Accumulated depreciation and impairment provisions

SL or RB	SL or RB	SL or RB	SL or RB	SL or RB	SL or RB

-	-	-		-	-
-	-	-		-	-
-	-	-		-	-
-	-	-		-	-
-	-	-		-	-
-	-	-		-	-
-	-	-	-	-	-

-	-	-	-	-	-
195,000	-	-	-	-	195,000

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

RCCG Throne of Grace - 1st July 2021 to 30th June 2022

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

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	-	-
-	-	-	-
-	16,000.0	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

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 £
5,081	-	-	-
-	-	-	-
-	-	-	-
-	-	110,246
250	250	-	-
5,331	250	110,246	-

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