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2023-07-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH

Report and Financial Statements For the Year ended 31 July 2023

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH

PROJECTED REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 July 2023

Contents Page
Legal and Administrative Information 2
Report of the Trustees 3-7
Independent Examiner's report 8
Statement of Financial Activities 9
Balance sheet 10
Notes forming part of the Financial statements 11-13

1

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 July 2023

LEGAL AND ADMINISTRATIVE INFORMATION

Officers and Professional advisers

TRUSTEES

KOLAWOLE SAMUEL IGE EBENEZER BARIKPOAR BUKOLA IGBEKELE EMMANUEL EHIWE

REGISTERED OFFICE

63 WARDLOW ROAD BIRMINGHAM B7 4JH

BANKERS

BARCLAYS BANK

EXAMINER

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

CHARITY COMMISSION REGISTERED NUMBER 1194978

2

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 July 2023

The Trustees, for the purposes of the Charities Act 1993 as amended and Statement of Recommended Practice (SORP) 2005, submit their annual report and financial statements for the year ended 31 July 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual report and financial statements of the Charity. The Charity is governed by a Memorandum and Articles of Association.

PRINCIPAL ACTIVITIES, AIMS AND ORGANISATION OF THE CHARITY

The principal activities of the charity continue to be the provision of religious activities, church services, counselling, seminars and other community-based services. The objects of the trust ("the objects") are:

1) The advancement of Christian faith in United Kingdom and worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule.

THE MAIN ACHIEVEMENTS OF THE ORGANISATION DURING THE PERIOD WERE:

  1. Occasional free food for the homeless in the city of Birmingham.

  2. Organising welcome events to educate new arrivals to the UK from Africa.

  3. Working on establishing a foundation to help the needy in Nigeria.

3

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH REPORT OF THE TRUSTEES (Continued)

FOR THE YEAR ENDED 31 July 2023

PLANS FOR THE FUTURE

We plan to purchase our place of worship in Birmingham and to complete the registration and the office of our foundation in Nigeria, enabling us to reach out to many of the poor population.

INCOME GENERATION

The Charity has generated £41,922 in donations during the year. This includes both direct transfers into charity’s account and cash donations.

RISKS

The factors that may affect the Charity’s delivery of its objectives include:

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH produces an annual plan for delivery against its objectives. This plan sets out the targets for the year and is then broken down to a work plan. THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH has developed a strategy, which specifies how it will deliver the key programmes of work. The strategy also identifies targets and performance indicators.

RESERVES POLICY

The Charity aims to build reserve which will enable it to meet its average annual operational need. The Trustees review the reserves held by the Charity on a regular basis to ensure that an appropriate level of funds is held to meet the above policy of the Charity going forward.

4

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH

REPORT OF THE TRUSTEES (continued)

FOR THE YEAR ENDED 31 July 2023

GOVERNANCE AND INTERNAL CONTROL

A Board of Trustees governs the Charity. New Trustees are selected by the Board of Trustees and are subject to re-election every five years. At 31 July 2023, the Board had a membership of Three people.

The Board meets three times a year to agree key policy decisions, set the strategy for the charity and oversee its performance. At present the Board has committee members who are responsible for the day-to-day activities of the charity. None of the committee members is being remunerated.

All Trustees receive the handbook for Trustees provided through the Charity Commission. Each Trustee will have an induction programme by other Trustees and receive an information pack on the Charity and its finances. Beyond this the Charity follows the code of practice for governance produced by the Governance Hub.

Company law requires the Trustees to prepare financial statements for each financial year, which comply with the Charities Act 1993 as amended

The systems of internal control are designed to provide reasonable, but not absolute, assurance against material misstatement or loss.

They include:

5

STATEMENT OF TRUSTEES RESPONSIBILITIES IN RESPECT OF THE TRUSTEES' ANNUAL REPORT AND THE FINANCIAL STATEMENTS

The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year in accordance with UK Accounting Standards and applicable law (UK Generally Accepted Accounting Practice).

The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the excess of income over expenditure for that period.

In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that its financial statements comply with the Charities Act 1993 as amended. They have general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the charitable company and to prevent and detect fraud and other irregularities.

6

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH

REPORT OF THE TRUSTEES (continued)

YEAR ENDED 31 July 2023

DISCLOSURE OF INFORMATION TO EXAMINER

The trustees who held office at the date of approval of this trustees’ report confirm that, so far as they are each aware, there is no relevant information of which the Charity’s examiner is unaware; and each trustee has taken all the steps that he/she ought to have taken as a trustee to make himself/ herself aware of any relevant information and to establish that the Charity’s examiner is aware of that information.

EXAMINER

In line with the provision exemption in the Charities Act 1993 as amended, the trust decided to appoint an examiner, which will review the accounts for the year ended 31 July 2023. In accordance with this appointment, AACSL Accountants Limited was appointed as examiner.

Approved by the Board of Trustees and signed on behalf of the Board by:

EBENEZER BARIKPOAR on behalf of the trust. Trustee 26 September, 2023

7

Independent Examiner’s Report to the Trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH

We report on the projected accounts of the Trust for the year ended 31 July 2023, which are set out on pages 9 to 13.

Respective responsibilities of trustees and 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 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.

It is our responsibility to:

Basis of independent examiner’s report

Our 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 we do not express an audit opinion on the view given by the accounts.

Independent examiner’s statement

In connection with our examination, no matter has come to our attention:

(1) Which gives us reasonable cause to believe that in any material respect the requirements,

Have not been met; or

(2) To which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

AACSL Accountants Limited 1st Floor North Westgate House Harlow Essex CM20 1YS

26 September, 2023

8

THE REDEEMED CHRISTIAN CHURCH OF GOD, WINNERS WORLD PARISH STATEMENT OF FINANCIAL ACTIVITIES (Incorporating an Income and Expenditure Account) YEAR ENDED 31 JULY 2023

YEAR ENDED 31 JULY 2023
Notes
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
General Donations
2
Other income
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of Generating Funds
3
Charitable activities
4
Governance
5
TOTAL RESOURCES EXPENDED
Net income/(outgoing) resources
Total funds brought forward
Total funds carried forward		 Un-restricted
Funds
2022
£
80,449
-		 Restricted
Funds
2022
£
-
-		 2023
2022
Total
Funds
Total
Funds
2022
2022
£
£
80,449
41,922
-
-
80,449 - 80,449
41,922
35,252
360		 -
-
-
-
-
-		 35,252
19,021
-
-
360
1,100
35,612
20,121
44,837
21,802
71,843
50,042
116,680
71,843
35,612
44,837
71,843
116,680

All incoming resources are derived from continuing operations. The charity has no other gains or losses other than those recognised in the Statement of Financial Activities.

9

THE REDEEMED CHRISTIAN CHURCH OF GOD, WINNERS WORLD PARISH BALANCE SHEET AS AT 31 JULY 2023

FIXED ASSETS
Tangible Assets
CURRENT ASSETS
Debtors
Cash at bank and in hand
Current Liabilities
Creditors: amounts falling due within one year
Net Current assets/(Liabilities)
Long Term Liabilities
Creditors: amounts falling due afterone year
TOTAL ASSETS LESS CURRENT LIABILITIES
FINANCED BY:
Unrestricted funds
Restricted Funds
TOTAL FUNDS		 2023
Total
£
-
-
124,918
124,918
(360)
124,558
0
124,558
124,558
124,558		 2022
Total
£
-
-
80,081
80,081
(360)
79,721
0
79,721
79,721
79,721

For the year ending 31 July 2023, the Charity was entitled to exemption from audit under section 477(2) of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The trustees acknowledge their responsibility for complying with the requirement of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The Accounts was approved by the Board of Trustees and signed on behalf of the Board by:

EBENEZER BARIKPOAR on behalf of the trust. Trustee

26 September, 2023

10

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 July 2023

1. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” (2005), the Charity Act 1993 and applicable UK accounting standards.

Cash flow statement

Under FRS 1 the Charity is exempt from the requirement to prepare a cash flow statement on the grounds that the charity is below the threshold specified in Appendix 2 of the FRS1.

Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in Note 2.

Investment income and gains are allocated to the appropriate fund.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. The grant income where related to performance and specific deliverables are accounted for as the Charity earns the right to consideration by its performance. Where income is received in advance, its recognition is deferred and included in creditors. Where entitlement occurs before income being received, the income is accrued.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Premises overheads have been allocated on a floor basis and other overheads have been allocated on the basis of the head count.

Community project costs are those costs incurred directly in support of the objects of the Charity. The community project cost includes other support costs incurred in support of the objects of the Charity. Governance costs are those incurred in connection with governance arrangement of the Charity, which relate to the general running of the Charity and compliance with constitutional and statutory requirements. The basis of allocation for support costs and governance costs has been explained in Note 3.

11

THE REDEEMED CHRISTIAN CHURCH OF GOD - WINNERS WORLD PARISH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JULY 2023

Note 2. Incoming Resources - General Donations

General Donations
Note 3.
Resources Expended - Activities
Charity
Equipment
Palliatives
Events & Other related costs
Insurance
Motor Expenses
Mobile & Internet
Other Expenses
Printing & Stationary
Software
Head Office Remmitance
Rent
Repairs
Subscription
Note 4.
Resources Expended – Governance
Accountancy
Other professional fees		 Unrestricted
Funds
£
80,449
80,449
Unrestricted
Funds
£
3,047
675
-
3,023
1,483
580
-
20,982
387
92
2,900
-
2,083
35,252
Unrestricted
Funds
£
360
360		 2023
Restricted
Total
Funds
Funds
£
£
-
80,449		 2023
Restricted
Total
Funds
Funds
£
£
-
80,449		 2022
Total
Funds
£
41,922
-
80,449		 41,922
2023
Restricted
Total
Funds
Funds
£
£
3,047
675
-
3,023
1,483
580
-
20,982
387
92
2,900
-
2,083
-		 2022
Total
Funds
£
5,062
-
4,307
3,341
1,729
-
257
243
-
-
1,916
1,642
500
24
-
35,252		 19,021
2023
Restricted
Total
Funds
Funds
£
£
-
360		 2022
Total
Funds
£
360
740
- 360 1,100
Note 5.
Cash at bank and in hand		 2023 2022
Cash at bank
Cash at hand
Note 6.
Creditors: amounts falling due within one year
This is made up as follows:
Accountancy Fees
Other creditors - falling due within one year
Other creditors - falling due after one year (Mortgage)		 £
124,918
-		 £
80,081
-
124,918 80,081
2023
£
360
-		 2022
£
360
-
360 360

12

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 July 2023

Note 7
Total Funds		 2023 2022
Reserve brought Forward
Prior Adj
Surplus (Deficit) for the year
Note 7.1
Analysis of net assets by fund
Cash at bank and in hand
Other net assets (liabilities)		 Unrestricted
Funds
£
124,918
360
-
124,558		 £
79,721
44,837
124,558
2023
Restricted
Total
Funds
Funds
£
£
-
124,918
-		 £
79,721
44,837		 £
50,042
7,877
21,802
124,558 79,721
2022
Total
Funds
£
80,081
360
-
-
124,918		 79,721

Note 9. TAXATION

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS WORLD PARISH is a registered charity and is thus exempt from taxation of its income and gains falling within Section 505 of the Income and Corporation Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that they are applied to its charitable objectives. No tax charge has arisen in the year.

Note 10. Control

The ultimate controlling parties are the directors as stated on page 2.

13