THE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31sr DECEMBER 2022 cs Camscanner
THE REDEENID cHSAN CHURCII OF GOD REVIVAL ASSEMBLY SUNDERLAND CONTENTS OF ThE FINANCIAL STATEMENT5 FOR THE YEAR ENOED 31ST DECEM8EA 1022 CONTENTS PAGE 17efererKe and •dministrntfve delw'15 Independeni Eurnlnerfs rew1 Stslement d F•ThJncwl AaWIt Staterneni ol Fman¢l•l PoslULYI Notes ¢0 Ihe acuxmts 10. 12 PogL• cs Camscanner
THE REDEEMED CHRISTIAN CHUACH OF GOD REVIVAL ASSEMBLY SUIIDERLAND ORGANISATION'S INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2022 Dr Olalekan Aladwnml Pastor Ayodele Alèdoiana Pastor Emmanuel Owbakhoe Mlnlster In Ch•rgQ Pastor James Onooluwo Prlfidp•l Office 32 General Graharn Sireet Sunderland 5R4 7HL Independeni Examlner Aklniayo Ojo FCCA Resource Accounlancy Practice 46 Hollywo(xt Way Erlth OA8 2qE Bankers Barclays 8ank PLC Pdyr 2 cs Camscanner
THE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLANO TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST DECEM8ER 2022 The iruslees subrnil their report and Iinanoal slaiemeni for The Redeemed Chr15lian Church ol ol God Revival Assembly Sunderland (The Chaniy) for the year ended 31 De(ombor 2022. The Irusiees conlirn) that Ihe annual rLlXIrt and Iinancial slalLJmenis ol (he chariiy hove boen In accordancLJ %yilli Ihe policiL¥5 set out in noie I lo Ihe accounts and comply wilh Ihe charity's Irusl deed, the Charilies A¢i 201 i and Accounling and Reportin9 by Charitie5', Slatemenl of Recommended Practicc ISORPI applicable In UK and Republic ol Ireland publlshed On 16 July 1014 WORKING NAMES The RedLieniod Christian Church of God Revival Assembly Sunderland also irade under the namo RCCG Revival Assembly Sunderland. OBJECTIVES ANO ACTIVITIES Thl principal obj1 ol the charity is Ihc advancement ol Chiistian faith In accordance with the latemLtsn15 of beliefs of the evon9elicol faith. and the relief of poverty. To achieve its objettlves. Ihe ¢hèrily adogled ihe following sirategies: Running Chrisiian religious activilies comprisin9 of Sunday Services and midweek blble study. Or9anising community developments pro9rammes. IVeifarL., helps. training arid dLivelopment programmes for Individual5. Supporting olher charilies and Chrisiian LSVLinis. and Convening gathern9 of Chr1511an lagged Inter-Denominaiional Chnsiian Gaihering. STRucfuRE, GOVERNANCE AND MANAGEME14T RCCG Revival Assembly Sunderlond 15 constituted under a TNst t>eeO dated l January 2020. A board of Irusioes comprb5Trng 013 rnernber5 provides Strategic leadership for the charity, while thÈ Minister In Charge manages Ihe day lo day aciivities of iho charity. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES The induction process lof a newly appoinred trusiees comprises of an Initial meeting wilh the chair ènd oiher tru51ees. lollowL)d by short meetin9S Wlth the MinisiÈr In Charge on the power5 and rLbspollsibilities o( the irusiees. ORGANISAT1014AL sfRucfuRE AND DECISION MAKING Thc irusiLes MLL'I rc'gularly lo managL Ihe al(airs ol the organisation. The TrlinisiLir In Chorge ovLrsc'L Ihe SPLrilual aciiviiiL5 01 ihi. cliuwcli. RISK MANAGEMENT ThL. I rusiL'L45 lidvL4 dSSL'5SL4d ihe miiior nsks lo which IhL' cliarity IS LXSK)5L'd, sri partl¢ular ih05e ri.latid 10 VI)L'f¥liuiis i>nd Iinanct ol ilie cl)aiily. aiLh SJtisllLj Ihal %yslL'riis 4ifLi Iii placL' Io mitigiilc. our i..YPO'*ures io n)aJor risks. PaqL. J cs Camscanner
THE REDEEMED CHRISTIAN CHURCH OF GOD RevwAL ASSEM8LY SUNDÉRLAND TRUSTEE'S REPORT FOR TrIE YEAR ENDEO 31ST DECEMBER 2022 PUBLIC 8ENÉFZTS Tlie Church'5 Sunday and mid.weok servi5 afe open to Ihe general public io bulld on Iheif Chrisiian failh. Apart from its Chufch artivities. Ihe thafily was Involved In the following public I}nlI11 i.Ilorl5: Or9onising seminèr5. lrniniNJ proqrammos ond even15 thai encouraged capacity and sell L1L¥VL•lopmLbnt ol niembL*rs ol ihe communily Holding oiitrcaches In areas ol Iniorest lo ovr community. In the year we shared the Joy ol Chrisimas Wlth our comrnunily by organising a Carol seryice. we a150 celebrated the Mothers, Iyellore suppowl lo mombLDrs ol the community ihrough Food Bank voucher5 ènd lood rcel5 disiribulion. Hou5eholOs in our comrnunily benofiiiod ffom hoi meals and food porce15 given .Iway by Ihe chaTIly. Our ellorts arL' geared loward5 5UPPOrtin9 Ihe pro9rarnme5 of gur local community, promoiin9 cohcsion In our community. and Impaciing the lives ol ihe young people and Ihe elderly. GRANT MAKING POUCY ThLb chdiily SUPPafts olhei charilies and misyonary thai shares its objects iho advancement of Chrislion forth and relief of poverly. Tho church gives occayonal wellare grants tD members who are In need. VOLUNTEERS The Church Is 9raielul for the urtsliniing effort5 01115 yolunieer5 who are Involve¢ In providing service5 lor the chèrily. It Is eslimaled (hat over 1000 hours was provided by volunteers dunn9 Ihe year. 11 this Is con5efvoiivcly valued at £7.50 pcr hour. the volunieors elfort wlll amount to over £7,500. REVIEW OF ArrivmEs The charily coniTrnues to Linjoy Iremendous growth in its physical an(J 5piriiual life dunng the vear, ènd In ihL. aO¥oncernent ol Chrisiian faith In ac¢ordaAce with the doctNnes ser our In the SleMent ol lèith contained In our constitution. RESERVES POUCY Tliv IrusleL'S policy Is lo have unresiricted and uncommitled lund5 Ifffee reseThes) 10 cover 3 lu 6 inonlhs ol rL'50urcvs expendL4d. ThLy (eel Ihal Iliis would enable Ihe csJrrent activities 10 iontinuc If IhLifL 15 ony 51gnilicant drop In funding. It would obviously be necessary Ihen to onsider how IhLi fundin9 would Ix. replaced or acliviiies ChangL. PagL• 4 cs Camscanner
THE REDEEMED CHRISTIAN CHURCH OF GOD RevivAL ASSEMBLY SUNDERLAND TRUSTEE'S REPORT FOR THE PERIOD ENDED 31ST DECEMBER 2022 PRINCIPAL FUNDING Fiindlng h47S boon Pfovlded malnly Ihrough tithos and offorlngs by church mombers and ihrough donallons. Plodgos aro also iakon lor spoclllc proJL)cts. FUTURE DevELOPMENTS ThL* charlty contlnuos lo exploro vadous ways of sproadlng Ihe gospel ol Chrlst In an effectlvo mannor. The charity Is also looklTh4 lo gfow In membershlp and contlnue to develop Its members io mokc Ilfe-¢hangln9 Impact In Ihe communlly. Page S cs Camscanner
ThE REDEEMED CHRisfIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND TRusfEE'S REPORT FOR ThE YEAR ENDEO 31ST DECEMBER 2022 STATEMENT OF TRusfEES' RESPONSI8ILrnES The Trustees are re5pon51ble lor preparfjn9 the annuol report and financlal statements In accordance wlth appllcable laws and regulatlons. Charity law requlres the trustees to prepare firkinclal staternents for each financlal year. Under thar law. the trustees have elerted io prepare ihe flnanclal statements In accordance wlth the Unlled Kingdom Generally Acceptable Accountlng Practlce (Unlted Klngdorn Accounung Standards ond applicable law). The financial statements are requlred to glve a truo ond falr vlew of the state of affalts of the charlty and of the surplus or doficlt of the charfty for that period. In preparlng the rinanoal statements, the trustees are required to". Selert sultable accountlng pollcles and apply them consistentty; Make Judgement and estlmates that are reasonable and prudent: - Prepare the flnandal statements on a 9olng concem basls unless It Is Inapproprfate to presume that the company wlll contlnue In operatlon. The trustees C¢gnISe thelr responslblllties to keep proper accounting records that dlsclose with reasonable accuracy at any tlrne the flnanclal position of the charlty and enablo them to ensure that the financlal 5tatcrnents comply with the ChèDtie5 Act 2011. They are also re5pon5iblE for safeguarding the 055ets of the company and hencefarth taking steps for the provention and detection ol fraud and other Irregularltles. The appended financial ststements have been p pared an the accruals basls and have been examined by an independent examlner, whose repol is also appendod. Approved by tru5tee5 on t 31-+I3 ond slgTred on Ihelr behall by: Pastor Ayodele Trustee adejana Or OlalL' Trustee n Aladesanml Page 6 cs Camscanner
THE REDEEMEO CHRisfzAN CHURCH OF GOD REVIVAL AsseMOLY SUNDERLAND INDEPENDENT IXAb11NERS RIPORT FOR THE YEAR ENOED 315r DECEMBER 2022 TO THE TRUSTEES OF THI REDEEMED CHRisfiAN CHURCH OF GOD - REVIVAL ASSEM8LY SUNDERLAND I rcport on Iho accounis of the chDrlty for tho pcrlod ended 31 December 2022 whlch 15 5Qt on pagos 8- 12 RESPECTIVE RESPONSIBILrrIES OF THE TRUSTEES AND THE EXANINER Tlio clitsrlly trustees are responslble for thc prcporallon ol the accounts. Tho Charlty's trustees consldor thai) audit bs not requSred for the period undor seclion 142(2) of the Charilles Act 2011 and ihal an Independent examination is needed. 11 Is my rosponslblllly lo: examlno Iho accounts under sectlon145 of Charitle5 Act 2011: Icllow tho Pfocoduros lald down In the gcneral Olreciions glven by tho Charfty Commlsslonors (under lIon 145(5)(b) of Ihe 2011 Act; and state wholhor partlcular mollers have (omo io my atlentlon. BASIS OF MY EXAMINATION My examlnatlon wos carrled out In JccordoncLJ Wlih the Gonornl Dlrectlons glven by the Charlty Commisslon. An examlnalion IncludL5 d fLJview of the accountlng records kept by the charity and a CQTnporison of the accounts presenrtsd with those records. It also Includes conslderntlon of any unusual Items or d15d05urc5 In the Iccount. and seeklng explanarions from you as Iruslees concernlng any such matlers. Ihe procedure5 undertaken do not provlde all Ihe evldence that woyld be requlred In ali audlt. &iiid consequently no opinion Is given a5 to whether the accounts present a -true and falr" vlew and the report Is limited to those matters set out In the statements below. EXAMINER'S sfATEMEifr In connection wÉth my examination. fto matter has come to my attention: {] ) whlch glves mc reasonable cause to belleve that In ony material respect tho Irustees havL' not met the rcqulremonts to ensure that: proper accounllng records are rt kept in accordance wllh the Charitles Act; and accounts are prepafed which a9ree wlth the accounllng record5 and comply wllh tho accounllnq rL•qulromonls ol (he Chaniies Aci 2011: or (2) to which, In my oplnlon, attontlon should be drawn In order to enablo a proper und¢r- SndIrt9 of the accounts to be rooched. Aklntayo Ojo FCCA 46 Hollywood Way. Enlh. OA8 2QE Pago 7 cs Camscanner
THE AeDEEHÉD CHRXSllAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND srATEMENT OF FINANCIAL AcnvmES FOR ThE YEAR E14DED 31sr DecEH8ER 2022 F¥nd• 30 X411 Donaiions & voluntary IncThT Grants S ottw irKome Total Incomiry resouf 29.429 29.429 13.978 29.429 29.429 13.983 Resources expended Grants payable . Instltutffjnal t ol aAtIeS In furtherance of thadty's obj SupFQrt Costs management and govemanct co Totsl r¢souf¢es expended 4.512 12.245 2,271 soo 19.528 4.Sl2 12.245 2.271 500 19.528 3.253 7,919 1,440 940 13.552 Net(outgolng)l*nctynity tESl¢e5 for year 9.901 9.901 431 Total fvnds at the stsrt of the ye•r 7.401 7.401 6.970 Bala¢ •[ the ond of the year 17,302 17.302 7.401 Pag¢ 8 cs Camscanner
THE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND srATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2022 Tot•1 To1•1 Notes 2021 Flxed AssÉts Tanglble nxed assets 3.061 2,871 Current a$ts Cash at bank and In hand Debrors 15.240 4,580 450 S,030 15.240 Less: Current Uabllltles: Credltots: Amount lalllng due wlthln One year Net assets 1,000 17,302 500 7.401 Hnanced BY: Charlty funds General - resEncied Genernl - un$trItted 17.302 17,302 7.401 7,401 PrècEKt.' Ac£ounuTrJ and Repxun9 by Chanuts ISORPI Issueu ',4)rGh 2008 as hb>Jlned Tor smaller thanti Apprpved by the Trustees on 31tr_?5 an(J slgned on Ihelr behalf by: Pastor Ayodele Alodejan Trustee Dr Olalekon Alad¢sanml Trustee Page 9 cs Camscanner
ThE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL AsseMBLY SUNDERLAND t40TES TO THE ACCOUNrs FOR THE YEAR ENDED 31ST DECEMBER 2022 I. ACCOUNllNG POUCIES (1.1) Basis ol preparatlon oi finandal statements ThLW accounts have been pPared under the hlsioTrcal cost convontlon and In accordonco vilh the FiTwnclal Reporting Standard lor Smallcr Enlltlcs {elfecil¥e Aprll 2008) .The Iinonclal statements havo been prepared ivllh Slatement ol Recommended Pr47ciice (SORP), -Accountlng and Reporting by Chadtlos published In Marth 2005 and appllcable accounllng standards. (1.2) Incomin9 resources All incoming resour•$ are ineludL)d in the stolement of firncIal octlvitles when ihe ¢harlty Is legally entitled to the Incorne and the amount can be reasonably quaniified wllh reasonoble (1.3) Resources expended All penditureS are accounted frjr on an attnJal basts. lanagement and governan costs are cost in0jrd In c¢nnectlon iyith administfatlon and compllance with 5talulory requlremenr (1.4) Fixed assets ¢omprlses of muslcol equlpment and projectors cost. Depreclatkon Is charyod at raies It5ted belo%¥ to wrlle off ttte cost ol ihe assets over thelr useful Ilves. Musical Equiprneni 258# reduclng balanco Compurer5 & projetto 2S% reduong balance Unr)e& RcstrKtcd Resiticied un11 Ftsnds Funds Funds 2022 203Z 2022 2021 - DONA'TIONS SIMILAR IIICOMING RESOURCES Collecrions & Donations Doiations - Equipmenfs 29,i81 48 29.4?9 29,381 48 29.429 13.768 210 13,978 3. Gi4Nfs LgCEIVED & OTrER INCOME Grant income Sales of manuals 4. Grants payable - Instsluttonal FunEES 2012 2022 2021 2DII Chanuble glvln9 -UK Toral 4.512 4.S12 4,512 4.51? 3,?53 3,?53 sr of Instifutional grants Paid RCCG WEM RCCG Centrnl Office RCCG Region's Contributlons Tothl glanf payoble . Insliluiional 3.293 850 368 4.512 3.293 8SO 368 4.Si! 2.203 900 150 3,?53 Page 10 cs Camscanner
THE REDEEMED CHRISTXAN CHURCH OF GOD REVXVAL ASSEMBLY SUNDERLAND NOTES TO THE ACCOUNTS FOR THE Y&4R ENDED 31ST DECEMBER 2022 4. COST OF CHARITABLE AcllvrnES nds Funds 2022 Funds 2022 2022 2021 Hall Renl Charlty & Mlsslons Postage & stationery Church Group Publlcallons Evangellsm Community Project & Food bank Muslc iralniw & Llturgy Tran5POrtation Depreclaknon 4,550 1,380 280 370 4,550 1,380 280 370 3,300 155 364 i.'I; 412 466 2,186 392 769 1.440 12.245 412 466 2,186 392 769 1,440 12.245 179 1.200 341 1,299 1.082 7,919 5. SUPPORT cosr Torol Fur41s Funds 2022 2011 2022 2021 Church Expenses Good Women Subxrlpll¢)n rr Consumables Zoom LinCe welfa & Ho5pltallty Other 270 loo 279 144 183 464 355 137 1,350 246 2,271 355 137 1,350 246 2.271 6. GOVERNANCE CO Total Funds Fts FuThls Funds 2022 500 1022 2022 500 2021 500 440 Accounlancy fees Professlonal fees 500 500 940 7. CASH BALANCES 31.Dec 2022 31-Dec 2021 Cash at bank 15.240 15.240 4,580 4.580 Page 11 cs Camscanner
The REDEEMED CHRISTIAN CHURCH OP GOD REVIVAL AsseMoLY SUNDIALAMD NOTES TO THE ACCOUNTS FOR TME YEAR ENtJED 31ST OECEMBEA 1022 Nusxal C¢Jmputws & Toknil equ1&TrI PrnJeciof$ 31.Oe¢ 31.0• 2022 2021 At l Jafiuary 2022 Addifions At il 1xxt 2022 2.400 1.630 4.030 1.928 4.328 1,630 5.958 4.328 1.928 4.328 At l 2022 8SO 9S8 607 482 1.089 1.457 1,440 2.L197 375 1.082 1.4S7 Al 31 Decernbv 2022 Net b•ok value At 31 De¢ernr 2022 2.222 839 3.061 2.871 Ai 31 D¢rnr 2021 1.550 31-Dec 2022 31.Dec 2021 Loan w member 450 XO. CREDrroRS 3l.l>oc 31-Oec 2022 2021 11. NET INCOMING RESOURCES/(REsovAC£S EXPENDED) s%ate6 arter Chry 31.Dec 31.Dec 2022 2021 Oepreoot•M assets ownod by the chanty AcctyJnt•rt's tffs 1.440 500 1.082 13. TRiisfEES REI4UMERATION 31.IX 2022 t41L NIL 31.De( 021 NIL NIL Ounty Ihe Irvstee rL*wved any Dunrt9 the Y1. no IteL. fLK¢J¥ed any I1$1$ th kiThl Pa90 12 cs Camscanner