RCCG Manifest Church
Trustee’s Annual Report & Financial Statements
Year ended: 30[th] June 2022
Charity No:1191835
Contents
Page
-
Legal and administrative information 3
-
▪ Report of the Trustees 4
-
Report of the Independent examiner
-
Statement of financial activities
-
Balance sheet
-
Notes forming part of the financial statements.
2
Legal and administrative information
Board of Trustees : Ayoade N. Ogundipe. Rufus Adekola Ayodele O. Talabi
Principal Office: Broomwood Community Centre 104 Mainwood Road, WA15 7JU
Bankers:
Lloyds Bank 40-42 School Rd Manchester M33 7XL
Accountant/ Independent examiner:
Ali and Co 450 Cheetham Hill Rd Cheetham Hill M8 9LE
Charity Structure & Governance: Charity registered in 15 October 2020 and controlled by its governing document as stated on the Trust Deed.
3
Report of the Trustees for the year ended
The Board of Trustees present their annual report for the year ended January 31 2023 as annexed in the Financial Statement. The accounts have been prepared in accordance with the accounting policies set out in pages 4 and 5 of the annual account document; and complied with the Charity Trust Deed and recommendations of the Statement of Recommended Practice, Accounting and Reporting by Charities and complied with the applicable law.
Principal Focus and Objectives
Manifest Church is a parish of the Redeemed Christian Church of God based in Trafford Council, although we serve a wider area. We are committed to the spiritual and social transformation of individuals and our communities. Our belief is that the Church plays an important role in the atmosphere, lifestyle, awareness and success of a city and our nation. Therefore, we are committed to empowering every person to make a positive difference in their world through demonstrating the extraordinary power of God. Our intention is to grow so large that we transform business, education, entertainment & sports, family & healthcare, media, politics and spirituality one person at a time.
The RCCG MANIFEST CHURCH is part of the Redeemed Christian Church of God UK (RCCG UK) a global Church present in 180 nations all over the world and with over 900 parishes in the UK).
MANIFEST CHURCH is constituted as a charity in its own right and is therefore governed by the charities Act 1993. In line with the RCCK UK mandate, MANIFEST CHURCH strives to make heaven and to take as many people as possible along. We also affirm our commitment to work with other Churches in the United Kingdom and beyond in promoting Christian unity and advancing the gospel of our Lord Jesus Christ.
Objectives of Charity:
-
The advancement of the Christian Faith worldwide.
-
The relief of sickness, promotion of healthy living and alleviation of poverty through provision of materials or services of any kind including counselling and family support.
-
The advancement education by using the Church as a platform to support training and personal development of members and the community through seminars, conferences and facilitation of trainings.
Strategies for achieving the objectives:
RCCG Manifest Church Parish’s vision is to fully become A Church to Partake, Produce and Provide for her community. The provision is comprehensive both in physical and spiritual needs of our community. The parish regularly reviews these objectives and measuring to ensure strategies continue to be ‘fit for purpose’ and capable to fulfilling the mission. At end of this year the below strategies were outlined and revalidated for upcoming year.
- 1) Holding regular Church meetings & fellowship and spiritual upliftment of members and the community. The Church will continue to hold meetings to grow the faith of members pray together and dig deep into the word of God.
We believe that a Christian without condemnation of heart has a right to thank God in adoration and in prayer always. The project was the birthed (which is still on-going) tagged ‘’ Operation pray for your Jerusalem, Judea, Samaria and the uttermost parts’’.
Manifest Church is committed to praying for the community, leaders and the nation as a whole.
-
2) Visitation (Follow Up) and Welfare Groups have been re-planned for effective visitation to members and members of the community who are in need. There will be more visitations done to the Homeless, Hospitals and people in needs generally.
-
3) Community outreach and events held to impact lives and promoting integration. These programmes were open to everyone and independent on social class or standing.
-
4) Life impacting event events which focus on meeting the immediate needs of individual and working with other charities to meet the needs of our community.
Development, activities and achievements of the year:
- 1) Key mandate of RCCG is to make heaven and taking as many people as possible along. So the advancement of Christian faith and evangelism initiatives continued to be our frontline agenda. To achieve this Church held different meetings and fellowship organised to dig into the words of God and creating opportunity to grow in Christ and manifest Christlike characters.
Some of these key programmes included the weekly Sunday service, Sunday School Classes, Bible Study, Believers Class and Prayer meetings. These Church meetings aimed at developing the Biblical understanding of members and fellow Christians.
Special monthly morning prayers known as ‘Alpha’ prayer and Wednesday Connect Group bible study. Manifest Church saw a significant growth in spiritual lives of members and volunteers compared to previous year; and there is expectation the upliftment will give way to increase in membership and the overall growth of the Church.
The Church continued to find more ways to transform people’s lives through prayers and meeting their spiritual needs. The move started to achieve more through community interaction as a new face of modern Church community. All these attributed to God ordained leadership, vision, prayers and persistence.
- 2) Good achievement was recorded in the year 2021/22 particularly around community activities. The Church took advantage of the summer period to organise different community outdoor events in July, August and September to promote friendship and interaction within the community. A major one was the ‘Family funday organised at the Broomwood community centre. This event was well attended by the local community and boosted the acceptance of the church. Manifest Church now seats at the Broomwood Community Partnership board and has been invited the join the Altrincham day.
We also used the opportunity to interacting with invitees and sometimes sharing the word of God. The Church has received feedback for participants on the benefits of having this opportunity to interact with families especially for young people in the community.
-
3) Youth and Children – Manifest Church is generally known for excellent youth and children. Our children work caters for age 3-12 years old and youths are from age 1319 years old. Activities throughout the year includes, Youth camp, summer musical training, youth and children clubs (Sundays), Youth outings etc.
-
4) The Women group are a formidable group whose events and programs positively impacts the lives of women and family as a whole. Activities ranges from Women conference, praying together every Thursday, Empowerment programs and social activities like BBQ, women
7
- 5) Other events like Couples event, Family (Health) week, Financial talks etc serves the purpose to empower families, build community together and strengthen spiritual capacity towards attaining God’s divine purpose for individual.
8
Membership & Attendance:
The key resources of Manifest Church include the committed staff and volunteers who are strongly committed to the vision of the Charity on a daily basis. The membership of the Church continues to grow on a steady basis with number up to 120 of which about 70 are volunteering for the Church.
Charitable Donations:
We supported a number of charities and other faith Charity organisations in material and gift donations. We support African mission, an aid relief Agency to underprivileged people in Africa. We also actively and strongly support the World Evangelical mission which aims at furthering the Christian faith all over the world.
This year the Board of Trustees considers the performance of the parish to be satisfactory in terms of its new level of activities.
Future development:
The Charity will continue with ongoing activities and will plan few more strategies for
9
the future. We hope to increase our involvement with community through social inclusion by further strengthening our counseling sessions, biblical teaching, economic empowerment, impacting entrepreneurship skills etc. There specific plans for the future include:
-
Fund raising (Building) activities to support the maintenance of the Church Building and expansion.
-
Community Project and integration with other charity - Family fun day, Financial education (CAP), Mental Health referral (Bluesci)
-
Children and Youth works- Summer camps, musical training, youth and children clubs, Youth Day, children’s Day
-
Empowerment and development activities- Health programs, Business and leadership summit, Men and Women conferences, Couples events (Fine Wine),
We hope to increase our involvement with community through social inclusion by further strengthening our Youth and Children works, offerings to the community e.g. foodbank, family fund day, counselling sessions, developing biblical principles, organising leadership seminars, economic empowerment, impacting entrepreneurship skills etc
Financial results and future activities :
The statement of the financial activities shows income of and expenditure of this financial supports from members have enabled the Church to fund the Charity and support all its projects. The present level of funding is adequate to support the continuation of the church objectives.
Public Benefit:
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this have been provided in this report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
Risk Management:
The Board of Trustees are also responsible to assessing the Charity emerging and predictive operational. The Trustees are supported by the Management Team to put in place sufficient landscape as well as the forward looking risks which the Church may be exposed to; are satisfied systems are in place to mitigate key risks and where required have put in place risk acceptance model to support the Charity operations.
The Trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the trust's aims and objectives and in planning future activities.
Volunteers:
The Trustees in conjunction with the pastorate appreciate the unquantifiable efforts and unending support from voluntary workers who have supported to ensure Church programmes continue without hindrances. As part of the Charity commitment to human capital development, our volunteers are being assessed in order to be trained-up 10
where necessary to function effectively. We are greatly indebted to these volunteers for their commitment and support.
The Trustees also receive regular updates and are made aware of relevant events and training opportunities when they arise for personal development
Principal Funding :
The Church members continued to be the main source of income in form of donations and gifts given to the church. Gift has not yet been claimed on all income received.
Approved by the Board of Trustees and signed on their behalf by:
Chairman
RCCG Manifest Church
11
12691937
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH FINANCIAL STATEMENT FOR THE YEAR ENDED 30-06-2023
1
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
DIRECTORS
RUFUS ADEKUNLE ADEKOLA NATHANIEL AYOADE OGUNDIPE OLUBOLA AYODELE TALABI
REGISTERED OFFICE
ST JAMES’S HOUSE SUITE 12, 6TH FLOOR PENDLETON WAY SALFORD ENGLAND M6 5FW
REGISTERTED NUMBER
12691937
ACCOUNTANTS
ALI & CO 450 CHEETHAM HILL ROAD CHEETHAM HILL MANCHESTER M8 9LE
2
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
DIRECTORS REPORT FOR THE YEAR ENDED 30-06-2023.
The directors present their report and the accounts for the year ended 30-06-2023
PRINCIPAL ACTIVITIES AND REVIEW OF BUSINESS
The Company’s principal activity are activities of religious organisations
The results for the year are set out on page 4.
DIRECTORS
During the year, people that had interests in the company’s issued ordinary share capital were as follows:
RUFUS ADEKUNLE ADEKOLA NATHANIEL AYOADE OGUNDIPE OLUBOLA AYODELE TALABI |
GUARATEE 28-02-2023 10 10 10 ---------- 30 |
|---|---|
This report was approved by the board on 08/11/2023 taking an advantage of special provisions available to small companies.
Signed on behalf of the board of directors,
NATHANIEL AYOADE OGUNDIPE DIRECTOR
3
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
ACCOUNTANT’S REPORT TO THE DIRECTORS
The company’s directors are responsible for the preparation of the accounts, and they believe that the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. In accordance with your instructions we have compiled these un audited accounts in order to assist you to fulfil your statutory responsibilities from the accounting records and information supplied to us.
ALI & CO ACCOUNTANTS 450 CHEETHAM HILL ROAD CHEETHAM HILL MANCHESTER M8 9LE
Phone: (0161) 7954751 Fax: (0161) 7023685
4
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
PROFIT AND LOSS ACCOUNT For the YEAR ENDED 30-06-2023
| PROFIT AND LOSS ACCOUNT For the YEAR ENDED 30-06-2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Notes | £ | £ | |
| TURNOVER | 1.2 | 93,808 | 64,110 |
| Direct Costs | 0 | 0 | |
| ---------- | ------------- | ||
| Gross Profit | 93,808 | 64,110 | |
| Administrative Expenses | (44,897) | (39,414) | |
| ----------- | ------------ | ||
| Operating Profit/(Loss) | 3 | 48,911 | 24,696 |
| Other Income | 0 | 0 | |
| Interest receivable | 0 | 0 | |
| Interest payable | 4 | 0 | 0 |
| ----------- | ----------- | ||
| Profit/(Loss) on ordinary activities before taxation | 48,911 | 24,696 | |
| Tax on Profit on ordinary activities | 5 | 0 | 0 |
| ----------- | ------------ |
||
| Profit/(Loss) on ordinary activities after taxation | 48,911 | 24,696 | |
| Dividends | 6 | 0 | 0 |
| ----------- | ---------- | ||
| Retained Profit/(Loss) | 48,911 | 24,696 | |
| Retained Profit/(Loss) brought forward | 24,706 | 10 | |
| ---------- | ------------ | ||
| Retained Profit/(Loss) carried forward | 73,617 | 24,706 | |
| ====== | ====== |
There were no recognised gains and losses other than those recognised in the Profit and Loss account.
The notes on pages 6 to 9 from part of these accounts.
5
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
| BALANCE SHEET At 30THJUNE 2023 Fixed Assets Tangible Assets Current Assets Stock Debtors Cash at Bank and in hand Creditors: Amount falling due within one year Net Current Assets / (Liabilities) Total Assets less current liabilities Long term loan Deferred Tax Net Assets / (Liabilities) Capital and Reserves Called up Share Capital Profit and Loss Account Reserves Capital |
2023 Notes £ 7 18,089 8 0 9 0 56,128 ----------- 56,128 10 (600) ------------ 55,528 ----------- 73,617 0 11 0 ---------- 73,617 ====== 0 73,617 ---------- 73,617 ====== |
2022 £ 5,320 0 0 19,986 ------------- 19,986 (600) ------------ 19,386 ------------ 24,706 0 0 ----------- 24,706 ======= 0 24,706 ------------ 24,706 ======= |
|---|---|---|
For the year ended 30/06/2023 the company was entitled to exemption from audit under section 477 (2) of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibility for:
-
1) ensuring the company keeps accounting record which comply with Section 386; and
-
2) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
Approved by the board on 08/11/2023 and signed on its behalf. These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime.
NATHANIEL AYOADE OGUNDIPE
DIRECTOR
6
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
NOTES TO THE ACCOUNTS
For the YEAR ENDED 30-06-2023
1. Accounting policies
Basis of preparation of accounts
The accounts are prepared under the historical cost convention and incorporate the results of the principal activity which is described in the director’s report and which is continuing. The company has taken advantage of the exemption in Financial Reporting Standard for Small Entities (effective January 2005).
1.2 Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided using the reducing method of the category of tangible assets existing.
Fixture, fitting and equipment 20%
1.4 Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value making due allowance for obsolete and slow moving stocks.
7
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
NOTES TO THE ACCOUNTS
For the YEAR ENDED 30-06-2023
2. Turnover
The whole of the turnover and profit before taxation is attributable to the one principal activity of the company.
3. Operating Profit
| **4. ** | The operating profit is stated after charging: Depreciation of tangible fixed assets Interest payable On bank loans, overdrafts Repayable within 5 years, not by instalments |
2023 £ 3,971 2023 £ 0 |
|---|---|---|
5. Taxation
The company has no liability to Corporation Tax.
Dividends
No dividend paid during the year.
8
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
NOTES TO THE ACCOUNTS
For the YEAR ENDED 30-06-2023
7. Tangible fixed assets
| 7. | Tangible fixed assets | ||
|---|---|---|---|
| Fixture/Fittings | Total | ||
| £ | £ | ||
| Cost | |||
| At 01-07-2022 | 6,769 |
6,769 | |
| Additions |
16,740 |
16,740 | |
| Disposal | 0 |
0 | |
| ---------- | ---------- | ||
| At 30-06-2023 | 23,509 |
23,509 | |
| ===== | ====== | ||
| Depreciation | |||
| At 01-07-2022 | 1,449 | 1,449 | |
| Charge for the year | 3,971 | 3,971 | |
| ---------- | ------------ | ||
| At 30-06-2023 | 5,420 | 5,420 | |
| ====== | ====== | ||
| Net Book Values | |||
| At 30-06-2023 | 18,089 | 18,809 | |
| ====== | ====== | ||
| 8. | Stock | 2023 | |
| £ | |||
| Stock | 0 | ||
| 9. | Debtors | 2023 | |
| Due within one year | |||
| Debtors, prepayments and accrued income | 0 |
9
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
NOTES TO THE ACCOUNTS
For the YEAR ENDED 30-06-2023
- Creditors: amount falling due within one year
| 11. 12. 13. |
Total Creditors Deferred taxation Not Provided for 2023 Called up share capital Authorised Ordinary shares of £0 each Allotted Ordinary shares of £0 each Reconciliation of movement of shareholders funds Profit/Loss for the year Dividend paid Shareholders funds at 01-07-2022 Shareholders funds at 30-06-2023 |
2023 £ 600 2023 £ 0 0 2023 £ 48,911 0 ----------- 48,911 24,706 ---------- 73,617 ====== |
|---|---|---|
10
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH TRADING, PROFIT AND LOSS ACCOUNTS FOR THE YEAR ENDED 30-06-2023
| £ £ GROSS INCOME 93,808 EXPENSES WAGES & SALARIES 12,267 PREMISES COST 12,000 SUBCONTRCTORS 2,693 SUBSCRPTIONS 2,871 REPAIRS & RENEWALS 126 GIFTS 1,787 SUNDRIES 235 POSTAGE, STATIONERY & ADVERTISING 1,242 LEGAL & PROFESSIONAL FESS 841 DEPRECIATION 3,971 PHONE 1,249 FOOD AND REFRESHNMENTS 4,370 MOTOR & SUBSISTENCE 1,245 ---------- (44,897) ------------- 48,911 ======== |
|
|---|---|
11
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH TAX COMPUTATION FOR THE YEAR ENDED 30-06-2023
TAX COMPUTATION
| £ | £ | |
|---|---|---|
| NET INCOME AS PER ACCOUNT | 48,911 | |
| ADD: DEPRECIATION | 3,971 | 3,971 |
| --------- | --------- | |
| 52,882 | ||
| LESS: CAPITAL ALLOWANCE | (3,971) | |
| ------------ | ||
| NET PROFIT FOR THE YEAR | 48,911 | |
| ====== |
CAPITAL ALLOWANCE
Fixture/Fittings/Equipments
ALLOWANCE
| W.D.V B.FWD | 5,320 | |
|---|---|---|
| W.D.V. | 16,740 | |
| ADDITIONS | ----------- | |
| 22,060 | ||
| W.D.A (FYA) | (3,971) | 3,971 |
| --------- | ||
| W.D.V C/FWD | 18,089 | |
| ===== |
12691937
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH FINANCIAL STATEMENT FOR THE YEAR ENDED 30-06-2023
1
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
DIRECTORS
RUFUS ADEKUNLE ADEKOLA NATHANIEL AYOADE OGUNDIPE OLUBOLA AYODELE TALABI
REGISTERED OFFICE
ST JAMES’S HOUSE SUITE 12, 6TH FLOOR PENDLETON WAY SALFORD ENGLAND M6 5FW
REGISTERTED NUMBER
12691937
ACCOUNTANTS
ALI & CO 450 CHEETHAM HILL ROAD CHEETHAM HILL MANCHESTER M8 9LE
2
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
DIRECTORS REPORT FOR THE YEAR ENDED 30-06-2023.
The directors present their report and the accounts for the year ended 30-06-2023
PRINCIPAL ACTIVITIES AND REVIEW OF BUSINESS
The Company’s principal activity are activities of religious organisations
The results for the year are set out on page 4.
DIRECTORS
During the year, people that had interests in the company’s issued ordinary share capital were as follows:
RUFUS ADEKUNLE ADEKOLA NATHANIEL AYOADE OGUNDIPE OLUBOLA AYODELE TALABI |
GUARATEE 28-02-2023 10 10 10 ---------- 30 |
|---|---|
This report was approved by the board on 08/11/2023 taking an advantage of special provisions available to small companies.
Signed on behalf of the board of directors,
NATHANIEL AYOADE OGUNDIPE DIRECTOR
3
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
ACCOUNTANT’S REPORT TO THE DIRECTORS
The company’s directors are responsible for the preparation of the accounts, and they believe that the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. In accordance with your instructions we have compiled these un audited accounts in order to assist you to fulfil your statutory responsibilities from the accounting records and information supplied to us.
ALI & CO ACCOUNTANTS 450 CHEETHAM HILL ROAD CHEETHAM HILL MANCHESTER M8 9LE
Phone: (0161) 7954751 Fax: (0161) 7023685
4
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
PROFIT AND LOSS ACCOUNT For the YEAR ENDED 30-06-2023
| PROFIT AND LOSS ACCOUNT For the YEAR ENDED 30-06-2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Notes | £ | £ | |
| TURNOVER | 1.2 | 93,808 | 64,110 |
| Direct Costs | 0 | 0 | |
| ---------- | ------------- | ||
| Gross Profit | 93,808 | 64,110 | |
| Administrative Expenses | (44,897) | (39,414) | |
| ----------- | ------------ | ||
| Operating Profit/(Loss) | 3 | 48,911 | 24,696 |
| Other Income | 0 | 0 | |
| Interest receivable | 0 | 0 | |
| Interest payable | 4 | 0 | 0 |
| ----------- | ----------- | ||
| Profit/(Loss) on ordinary activities before taxation | 48,911 | 24,696 | |
| Tax on Profit on ordinary activities | 5 | 0 | 0 |
| ----------- | ------------ |
||
| Profit/(Loss) on ordinary activities after taxation | 48,911 | 24,696 | |
| Dividends | 6 | 0 | 0 |
| ----------- | ---------- | ||
| Retained Profit/(Loss) | 48,911 | 24,696 | |
| Retained Profit/(Loss) brought forward | 24,706 | 10 | |
| ---------- | ------------ | ||
| Retained Profit/(Loss) carried forward | 73,617 | 24,706 | |
| ====== | ====== |
There were no recognised gains and losses other than those recognised in the Profit and Loss account.
The notes on pages 6 to 9 from part of these accounts.
5
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
| BALANCE SHEET At 30THJUNE 2023 Fixed Assets Tangible Assets Current Assets Stock Debtors Cash at Bank and in hand Creditors: Amount falling due within one year Net Current Assets / (Liabilities) Total Assets less current liabilities Long term loan Deferred Tax Net Assets / (Liabilities) Capital and Reserves Called up Share Capital Profit and Loss Account Reserves Capital |
2023 Notes £ 7 18,089 8 0 9 0 56,128 ----------- 56,128 10 (600) ------------ 55,528 ----------- 73,617 0 11 0 ---------- 73,617 ====== 0 73,617 ---------- 73,617 ====== |
2022 £ 5,320 0 0 19,986 ------------- 19,986 (600) ------------ 19,386 ------------ 24,706 0 0 ----------- 24,706 ======= 0 24,706 ------------ 24,706 ======= |
|---|---|---|
For the year ended 30/06/2023 the company was entitled to exemption from audit under section 477 (2) of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibility for:
-
1) ensuring the company keeps accounting record which comply with Section 386; and
-
2) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
Approved by the board on 08/11/2023 and signed on its behalf. These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime.
NATHANIEL AYOADE OGUNDIPE
DIRECTOR
6
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
NOTES TO THE ACCOUNTS
For the YEAR ENDED 30-06-2023
1. Accounting policies
Basis of preparation of accounts
The accounts are prepared under the historical cost convention and incorporate the results of the principal activity which is described in the director’s report and which is continuing. The company has taken advantage of the exemption in Financial Reporting Standard for Small Entities (effective January 2005).
1.2 Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided using the reducing method of the category of tangible assets existing.
Fixture, fitting and equipment 20%
1.4 Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value making due allowance for obsolete and slow moving stocks.
7
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
NOTES TO THE ACCOUNTS
For the YEAR ENDED 30-06-2023
2. Turnover
The whole of the turnover and profit before taxation is attributable to the one principal activity of the company.
3. Operating Profit
| **4. ** | The operating profit is stated after charging: Depreciation of tangible fixed assets Interest payable On bank loans, overdrafts Repayable within 5 years, not by instalments |
2023 £ 3,971 2023 £ 0 |
|---|---|---|
5. Taxation
The company has no liability to Corporation Tax.
Dividends
No dividend paid during the year.
8
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
NOTES TO THE ACCOUNTS
For the YEAR ENDED 30-06-2023
7. Tangible fixed assets
| 7. | Tangible fixed assets | ||
|---|---|---|---|
| Fixture/Fittings | Total | ||
| £ | £ | ||
| Cost | |||
| At 01-07-2022 | 6,769 |
6,769 | |
| Additions |
16,740 |
16,740 | |
| Disposal | 0 |
0 | |
| ---------- | ---------- | ||
| At 30-06-2023 | 23,509 |
23,509 | |
| ===== | ====== | ||
| Depreciation | |||
| At 01-07-2022 | 1,449 | 1,449 | |
| Charge for the year | 3,971 | 3,971 | |
| ---------- | ------------ | ||
| At 30-06-2023 | 5,420 | 5,420 | |
| ====== | ====== | ||
| Net Book Values | |||
| At 30-06-2023 | 18,089 | 18,809 | |
| ====== | ====== | ||
| 8. | Stock | 2023 | |
| £ | |||
| Stock | 0 | ||
| 9. | Debtors | 2023 | |
| Due within one year | |||
| Debtors, prepayments and accrued income | 0 |
9
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH YEAR ENDED 30-06-2023
NOTES TO THE ACCOUNTS
For the YEAR ENDED 30-06-2023
- Creditors: amount falling due within one year
| 11. 12. 13. |
Total Creditors Deferred taxation Not Provided for 2023 Called up share capital Authorised Ordinary shares of £0 each Allotted Ordinary shares of £0 each Reconciliation of movement of shareholders funds Profit/Loss for the year Dividend paid Shareholders funds at 01-07-2022 Shareholders funds at 30-06-2023 |
2023 £ 600 2023 £ 0 0 2023 £ 48,911 0 ----------- 48,911 24,706 ---------- 73,617 ====== |
|---|---|---|
10
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH TRADING, PROFIT AND LOSS ACCOUNTS FOR THE YEAR ENDED 30-06-2023
| £ £ GROSS INCOME 93,808 EXPENSES WAGES & SALARIES 12,267 PREMISES COST 12,000 SUBCONTRCTORS 2,693 SUBSCRPTIONS 2,871 REPAIRS & RENEWALS 126 GIFTS 1,787 SUNDRIES 235 POSTAGE, STATIONERY & ADVERTISING 1,242 LEGAL & PROFESSIONAL FESS 841 DEPRECIATION 3,971 PHONE 1,249 FOOD AND REFRESHNMENTS 4,370 MOTOR & SUBSISTENCE 1,245 ---------- (44,897) ------------- 48,911 ======== |
|
|---|---|
11
THE REDEEMED CHRISTIAN CHURCH OF GOD MANIFEST CHURCH TAX COMPUTATION FOR THE YEAR ENDED 30-06-2023
TAX COMPUTATION
| £ | £ | |
|---|---|---|
| NET INCOME AS PER ACCOUNT | 48,911 | |
| ADD: DEPRECIATION | 3,971 | 3,971 |
| --------- | --------- | |
| 52,882 | ||
| LESS: CAPITAL ALLOWANCE | (3,971) | |
| ------------ | ||
| NET PROFIT FOR THE YEAR | 48,911 | |
| ====== |
CAPITAL ALLOWANCE
Fixture/Fittings/Equipments
ALLOWANCE
| W.D.V B.FWD | 5,320 | |
|---|---|---|
| W.D.V. | 16,740 | |
| ADDITIONS | ----------- | |
| 22,060 | ||
| W.D.A (FYA) | (3,971) | 3,971 |
| --------- | ||
| W.D.V C/FWD | 18,089 | |
| ===== |