The Redeemed Christian Church of God-Victory House, Heywood
Charity Reg. No 1190892
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS
FOR
THE YEAR ENDED 31 MARCH, 2024
The Redeemed Christian Church of God-Victory House Heywood
Contents Reference and administrative details ................................................................................................ 3 Trustees’ report for the year ended 31[st] March, 2024 .................................................................... 4 Trustees report (continued) for the year ended 31 March, 2024 .................................................. 5 Independent examiner’s report for year ended 31 March, 2024 ................................................... 6 Statement of Financial Activities for Y/E 31[st] March, 2024 ............................................................ 7 Balance Sheet as at 31[st] March, 2024 .............................................................................................. 8 Notes to the Accounts ......................................................................................................................... 9 Notes to the Accounts Cont’d ........................................................................................................... 10 Notes to the Accounts Cont’d ........................................................................................................... 11
RCCG Victory House, Heywood Reports for the year ended 31[st] March, 2024
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The Redeemed Christian Church of God-Victory House Heywood
Reference and administrative details
The Charity, Trustees and Advisers
GENERAL OVERSEER
GENERAL OVERSEER Pastor E.A Adeboye Trustees Mr. Damilola Fateye Mr Chukwuyem Ebeye Mrs Ayoola Fateye
Charity Registration Number 1190892 Registered Office 28, Hartley Lane Rochdale OL11 2NL
.
Pastor In Charge
Damilola Fateye
Independent Examiner Adebayo OLABISI, FCA, FFA, FIPA
7, Mossbrook Drive,
Manchester.
M38 9TJ
Bankers
Barclays Bank
RCCG Victory House, Heywood Reports for the year ended 31[st] March, 2024
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The Redeemed Christian Church of God-Victory House Heywood
Trustees’ report for the year ended 31[st] March, 2024
The Trustees submit their annual report and the Financial Statements of The Redeemed Christian Church of God (RCCG) VICTORY HOUSE HEYWOOD PARISH (The Charity) for the Year ended 31st March, 2024. The Trustees confirm that the Annual Report and the Financial Statements of the Charity comply with the current statutory requirements of the Charity’s governing documents and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005
STATUS: The Charity was constituted under a Trust Deed dated 2[nd] March, 2014 as amended by resolution dated 25th March, 2017. It was registered in England and Wales with Charity number 1174904 on 29th September. 2017.
APPOINTMENT OR ELECTION OF TRUSTEES : Trustees are elected and or appointed under the terms of the Trust Deed.
,
POLICIES FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES: The induction process for a newly appointed member of the Board of Trustees comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Pastor in charge on the powers and responsibilities of the Trustees. No new trustee was appointed during the year.
ORGANISATIONAL STRUCTURE AND DECISION MAKING: The Charity is organised so that the Trustees meet regularly to manage its affairs. The Pastor In Charge- Damilola Fateye manages the day to day administration of the Charity on a voluntary basis.
RELATED PARTY RELATIONSHIPS: RCCG (VICTORY HOUSE HEYWOOD PARISH) is a Parish of the
Redeemed Christian Church of God which has parishes all over the world. The Parish’s relationship with other Parishes is governed by an “Agreement of Common Purpose”.
RISK MANAGEMENT: The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to operations and finances of the Charity, and are satisfied the systems are in place to mitigate our exposures to the major risks
OBJECTS AND ACTIVITIES: The principal object is the advancement of the Christian faith worldwide, and to promote any charitable activity for the benefit of the local people through:
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Running seminars in the Church with proven ministers of the faith to guide members in the various aspects of Christian faith;
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Support for other Charities and Christian events.
The activities for achieving its objectives include:
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Community outreach events
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Conferences and events
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Welfare support to members and general public, and
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Various missionary activities
FUNDING AND GRANT MAKING POLICY: The principal source of funding to the Charity is voluntary donations. The Charity also give out grants and support in line with its objectives.
RCCG Victory House, Heywood Reports for the year ended 31[st] March, 2024
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The Redeemed Christian Church of God-Victory House Heywood
Trustees report (continued) for the year ended 31 March, 2024 VOLUNTEERS: The Charity’s activities are carried out by volunteers who provided services in different capacities.
REVIEW OF ACTIVITIES: Trustees record their appreciation to all Donors who supported the Charity to the tune of £11,926 during the period under review (£9,057 in the previous year). The Charity also claimed £3,848 in Gift Aid. The Trustees are satisfied with the success of the Charity in meeting its objectives; and are optimistic that it will continue to do so.
INVESTMENTS: There were no investments during the period.
STATEMENTS OF TRUSTEES’ RESPONSIBILITIES
The Trustees are responsible for preparing the Annual Report and Financial Statements in accordance with applicable laws and regulations.
Charity law requires the Trustees to prepare Financial Statements for each Financial Year. Under that law the Trustees have elected to prepare the Financial Statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The Financial Statements are required to give a true and fair view of the state of affairs of the charity for that period. In preparing these financial statements, the Trustees are required to:
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Select suitable accounting policies and then apply them consistently:
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Make judgement and estimates that are reasonable and prudent:
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.
The Trustees recognise their responsibilities to keep 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 company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.
Approved by the Trustees on …………/……………/ 2024 and signed on their behalf by:
Babadamilola Fateye
2024-12-10
Mr Babadamilola Fateye (Trustee).
RCCG Victory House, Heywood Reports for the year ended 31[st] March, 2024
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The Redeemed Christian Church of God-Victory House Heywood
Independent examiner’s report for year ended 31 March, 2024
TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) VICTORY HOUSE HEYWOOD
I report on the accounts of the Charity for the Year ended 31[ST] March, 2024 which is set out on pages 7-11
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
The Charity’s Trustees are responsible for the preparation of the Accounts. The Charity’s Trustees consider that an Audit is not required for this year under Section 145(1) of the Charities Act 2011 and that an Independent Examination is needed.
It is my responsibility to:
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Examine the Accounts (under Section 145(1) (a) of the 2011 Act;
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Follow the procedures laid down in the general directions given by the Charity Commissioners and
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State whether particular matters have come to my attention.
BASIS OF EXAMINER’S STATEMENT
My examination was carried out in accordance with the general directions given by the Charity 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 given by the accounts.
EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention to give me reasonable cause to believe that in any material respect the requirements.
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To keep Accounting records in accordance with the requirement of Section 130 of the Charities Act 2011; and
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To prepare Accounts which accord with the accounting records and to comply with the Accounting requirements of the Charities act 2011 have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
SIGNED
Adebayo OLabisi
Adebayo OLABISI FCA, FFA, FIPA. 7, Mossbrook Drive, Manchester M38 9TJ. DATE : 2024-12-10
RCCG Victory House, Heywood Reports for the year ended 31[st] March, 2024
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The Redeemed Christian Church of God-Victory House Heywood
Statement of Financial Activities for Y/E 31[st] March, 2024
----- Start of picture text -----
Notes 2024 2023
£ £
Incoming Resources:
Voluntary Donations 2 11,926 9,057
Gift Aid Received 3 3,848
Total 15,774 9,057
Resources Expended
Charitable Expenditure
Grants Payable-Institutional 4 1,137
Cost of Activities in furtherance of Charity's Objects 5 11,569 8,513
Management and Governance Costs 6 420 350
Total Resources Expended 13,126 8,863
Net Incoming/(Outgoing) Resources 2,648 194
Total Funds at the Beginning of the Year 871 677
Balance at the end of the Year 3,519 871
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RCCG Victory House, Heywood Reports for the year ended 31[st] March, 2024
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The Redeemed Christian Church of God-Victory House Heywood
----- Start of picture text -----
|||||
|---|---|---|---|
|Balance Sheet as at 31|[st]|March, 2024|
|Notes|2024|2023|
|Fixed Assets:|£|£|
|Tangible Assets|7|489|-|
|Current Assets:|
|Bank and Cash Balances|8|3,450|1,221|
|Total Assets|3,939|1,221|
|Liabilities:|
|Amont Due within 1 Year|9|420|350|
|Net Assets|3,519|871|
|Charity Funds:|
|General Unrestricted|3,519|871|
|Total Funds|3,519|871|
----- End of picture text -----
The Accounts have been prepared in accordance with special provisions of Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued in March 2007 as modified for smaller Charities.
Approved by the Trustees on: …………/………………/2024. and Signed on their behalf by:
Babadamilola Fateye
2024-12-10
RCCG Victory House, Heywood Reports for the year ended 31[st] March, 2024
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The Redeemed Christian Church of God-Victory House Heywood
Notes to the Accounts
Note 1 Accounting Policies
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a The Accounts have been prepared under the Historical Cost Convention in accordance with applicable Accounting Standards. They follow Best Practices as stated out in the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued in March, 2007 as modified for small Charities.
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b) Income is accounted for on Actual Receipt Basis while Expenditures are recorded on Accrual Basis
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c) Fixed Assets: Comprise of Equipment that will be in continuous use by the charity
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d) Depreciation in the future will be calculated at rates calculated to write off the cost of the assets (less expected disposal value) over expected useful lives.
Note 2 Donations, Legacies and Similar Incoming Resources
| Tithes Offering Others Note 3 Gift Aid Received: |
2024 £ 8,834 3,037 55 11,926 3,848 |
2023 £ 8,216 671 170 |
|---|---|---|
| 9,057 | ||
RCCG Victory House, Heywood Reports for the year ended 31[st] March, 2024
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The Redeemed Christian Church of God-Victory House Heywood
Notes to the Accounts Cont’d
| Note 4 Grants Payable-Institutional World Evangelical Mission (WEM) & FOL Central Office Funding Note 5 Cost of Activities in Furtherance of Charity Objects Rent, rates and Licences General Admin expenses Welfare Expenses Hospitality Transportation Training & Education Note 6 Management and Governance Costs Administrative, Legal and Professional expenses Independent Examiner's fee |
2024 £ 837 300 1,137 1,200 1,948 5,363 892 1,500 666 11,569 420 420 |
2023 £ |
|---|---|---|
| - | ||
| 1,200 772 5,044 1,497 |
||
| 8,513 | ||
| 350 | ||
| 350 |
RCCG Victory House, Heywood Reports for the year ended 31[st] March, 2024
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The Redeemed Christian Church of God-Victory House Heywood
Notes to the Accounts Cont’d
| Note 7 Fixed Assets Cost At 1st April, 2023 Additions during the Year Disposals At 31st March, 2024 Depreciation At 1st April, 2023 Charge for the Year Disposals At 31st March, 2024 Net Book Value At 1st April, 2023 At 31st March, 2024 Note 8 Bank Balances Bank Balances Note 9 Creditors & Accruals Accountancy & Independent Examiner's fee |
Equipment £ - 489 489 - - - 489 31/03/2024 3,450 420 |
Total £ - 489 - 489 - - - - - - - - - 489 31/03/2023 1,221 350 |
|---|---|---|
RCCG Victory House, Heywood Reports for the year ended 31[st] March, 2024
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The Redeemed Christian Church of God-victory House Heywood RCCG Victory House, Hey¥Thd Rep or the r ended 31" March, 2024 -SIGN