2024-06-30-accounts - Rccg Throne Of Grace Wisbech

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Charity no 1184448 Company number 11274231

RCCG Throne of Grace Wisbech

1st July 2023 to 30th June 2024

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 2024

Registered Charity Number:
Pastor in Charge	Pastor Oluwafemi Samson Okanlawon
Board of Trustees	Pastor Olusanya George Akinwumi
	Odunola Adebukola Akinbo
	Pastor Ade Ajayi
Registered Office:	1, Hill street
	Wisbech
	PE13 1BA
Independent Examiner:	Tunji Ogedengbe
	36 Daffodil Close
	Hatfield
	Herts
	AL10 9FF

TRUSTEES' REPORTS FOR THE YEAR ENDED 30TH JUNE 2024

The Trustees present their annual report together with the financial statements of The RCCG Throne of Grace Wisbech (the charity) for the ended 30th June 2024.

The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory

requirements, the requirements of the charity's governing document and the provisions of the

Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The church is constituted under a Memorandum and articles incorporated 26 March 2018 as amended by certificate of incorporation on change of name dated 19 June 2019 as amended by special resolution dated 13 May 2019 as registered at companies house on 27 June 2019.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are appointed and co-opted under the terms of the Trust deed.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the parish pastor and volunteers.

e. RELATED PARTY RELATIONSHIPS

Throne of Grace, Wisbech is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes".

f. RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

g. GRANT MAKING POLICY

The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG programmes.

The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

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RCCG Throne of Grace Wisbech

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The objectives of the church are:

To advance the christian faith (in accordance with the statement of faith) in such ways and in such parts of the United Kingdom or the world as the Trutees from time to time may think fit.
To Relieve sickness and financial hardship and promote and preserve goods including through the provision of funds, goods or services of any kind, includding through the provision of counselling and support in such parts of the United kingdom or the world as the trustees from time to time may think fit.
To Advance education in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit.

Each year our trustees review our objectives and activities to ensure they continue to reflect our aims.

In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The church has adopted the following strategies for achieving the above objectives:

organisation of seminars and events to address issues of relevance to the relief of poverty

and provision of care and support for the needy as appropriate;

planting of churches; and
support for other charities and events with similar objectives.
social action initiatives in the community

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The main activities of the church are as follows:

Sunday service
Sunday school for all ages of children
Weekly night Bible Studies and house fellowships at various centres

d. VOLUNTEER MANAGEMENT

The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, office work and administration.

e. INVESTMENT POLICY AND PERFORMANCE

The trustees have decided that at present, funds should be retained in bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

f. VULNERABLE BENEFICIARIES

The church works with vulnerable groups including children and make sure users are safe and protected from harm. Volunteers, employees and trustees have the right checks and assessments before they can work with a church. Find out how charities can protect their users. Safeguards are in place to protect vulnerable people from abuse, and prevent abuse happening in the first place.

g. CONFLICT OF INTERESTS

No trustee is in a position where their duty as a trustee will be conflict with any personal interest they may have.

h. COMPLAINTS HANDLING

We are committed to ensuring that people have all necessary support required to make a complaint. Complaints are accepted verbally or in writing, and can be formal or informal.

Anyone wishing to make a complaint will be provided with a Complaints Handling Statement, which summarises how a complaint about our service can be made.

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RCCG Throne of Grace Wisbech

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024

ACHIEVEMENTS AND PERFORMANCE

REVIEW OF ACTIVITIES

The church undertook the following activities:

Feeding those in need in the community.
Providing Personal hygiene items to the community through our Hygeine bank programme.
Provision of transportation to and from place of worship for disadvantaged members of the community.
Jointly organising seminars with other charities on effective parenting strategies and
techniques for members of the community.
Engaging faith community members in sporting activities eg football matches.
Setting up of housing committee to assist members of the community who are stranded to source living spaces.

FINANCIAL REVIEW

Members of the church have been generous this year. The statement of the financial activities shows net asset stand at £125,562 against the last year amount of £109,869.

RESERVES POLICY

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding.

PRINCIPAL FUNDING

This is provided mainly through voluntary tithes and offerings by the church members.

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RCCG Throne of Grace Wisbech

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 30TH JUNE 2024

PLANS FOR THE FUTURE

FUTURE DEVELOPMENTS

Sort accommodation where we teach teens the morals of the society to ensure they do no go into anything negative
Continue with our hygiene bank and food supply to the needy.
Continue support for accommodation.
More trainings on Parenting in the UK for people from overseas.
Managing stress for adults, Coping with peer pressure for youths.
Skills training for the unemployed.
Employability skills training for the unemployed.
We’re looking at acquiring Portakabins to start soup kitchen to assist the disadvantaged in the community.
We’re looking at setting up musical instruments training classes to help interested members of the community develop their innate skills.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgments and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. 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.

This report was approved by the Trustees on 21st September 2024 and signed on their behalf, by:

…………………………………………………..

Olusanya George Akinwumi

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RCCG Throne of Grace Wisbech

INDEPENDENT EXAMINNERS REPORT FOR THE YEAR ENDED 30 JUNE 2024

I report on the financial statements of RCCG Throne of Grace Wisbech for the year ended 30 June 2023 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 the view

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 21st September 2024 36 Daffodil Close Hatfield AL10 9FF

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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 2023	To	Period end date	30th June 2024

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 2023 2022 £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		140,003	-	-	140,003	84,569
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		140,003	-	-	140,003	84,569

		-	-	-	-	-
		85,718	-	-	85,718	31,356
			-	-	-	-
			-	-	-	-
		3,993	-	-	3,993	832
			-	-	-	-
		-	-	-	-	-
		89,711	-	-	89,711	32,188
		50,292	-	-	50,292	52,382
		-	-	-	-	-
		50,292	-	-	50,292	52,382

		34,600 -	-	-	34,600 -	24,931 -
		-	-	-	-	-
		15,692	-	-	15,692	27,451
		109,869	-	-	109,869	82,419
		125,562	-	-	125,562	109,869

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RCCG Throne of Grace

Section B Balance sheet as at 30th June 2024

Restricted

Unrestricted funds income funds Endowment funds 2024 2023 £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds income funds Endowment funds 2024 2023 £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds income funds Endowment funds 2024 2023 £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds income funds Endowment funds 2024 2023 £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds income funds Endowment funds 2024 2023 £ £ £ £ £ F01 F02 F03 F04 F05
276,437	-	-	276,437	195,000
-	-	-	-	-
-	-	-	-	-
276,437	-	-	276,437	195,000

-	-	-	-	-
2,000	-	-	2,000	-
	-	-	-	-
36,158	-	-	36,158	48,599
38,158	-	-	38,158	48,599

22,562	-	-	22,562	2,562

15,596	-	-	15,596	46,037

292,033	-	-	292,033	241,037

166,470	-	-	166,470	131,167
-	-	-	-	-

125,562	-	-	125,562	109,869

125,562			125,562	109,869
			-	-
	-		-	-
		-	-	-

125,562	-	-	125,562	109,869
Date of approval Print Name Signature
		Olusanya George Akinwumi		21/09/2024

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RCCG Throne of Grace

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

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RCCG Throne of Grace

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 are accounted for at a reasonable estimate of their value to the charity or the Gifts in kind 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. The value of any voluntary help received is not included in the accounts but is described in the Volunteer help 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.

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RCCG Throne of Grace

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	2024 2023 £ £	2024 2023 £ £
Tithes	111,259	79,410
Gift Aid	28,744	3,585
Other(Insurance)	-	1,574

Total	140,003	84,569

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

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

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

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RCCG Throne of Grace

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	2024 2023 £ £	2024 2023 £ £
Honourarium	1,200	800
Telephone & Internet	461	392
Personnel Cost	9,000	-
Travel	1,186	1,206
Hospitality	1,575	406
Printing& Stationary	982	631
Motor Expenses	953	517
Insurance	1,842	1,766
Adverts & Publicity	-	162
Office Expenses	1,370	933
Multimedia	187	-
Conference	2,865	1,714
Church equipment	8,012	1,714
Mortgage Interest	6,193	6,326
Loan Interest	2,633	-
Depreciation	10,649	-
Bank charges	375	-
Legal & Professional fees	9,397	4,369
Accountingfees	250	537
Other	21
Utilities	3,845	2,398
Business rates	-	650
Building	22,723	6,834
Total	85,718	31,356






Total	-	-




Total	-	-

Welfare	775	110
Donation	50	-
Area/zonal Contribution	75
WEM	943	250
Mission	1,750	-
Central Office	400	472
Total	3,993	832




Total	-	-

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RCCG Throne of Grace

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

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RCCG Throne of Grace

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 £	Building Materials £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Equipment £	Total £
195,000	-	-		-	195,000
-	82,485	-	9,600	-	92,085
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
195,000	82,485	-	9,600	-	287,085
-	-	-		-	-
-	8,249	-	2,400	-	10,649
-	-	-		-	-
-	-	-		-	-
-	-	-		-	-
-	-	-		-	-
-	8,249	-	2,400	-	10,649

195,000	-	-	-	-	195,000
195,000	74,237	-	7,200	-	276,437

9.4 Revaluation

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

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RCCG Throne of Grace

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 £
-	-	-	-
-	-	-	-
2,000	-	-	-
-	-	-	-
2,000	-	-	-

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 £
2,312	2,312	-	-
20,000	-	-	-
-	-	39,899	-
-	-	126,571	131,167
250	250	-	-
22,562	2,562	166,470	131,167

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.

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