THE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND CHARITY NO: 1198072 TRUSTEE'S REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31ST DECEMBER 2023 THE REDEEMED CHRIsfIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 CONTENTS PAGE Reference and administrative detalls Trustees report Independent Examiner's report Statement of Flnancial Activities Statement of Financial Posltlon Notes to the accounts 10- 12 Page I THE REDEEMED CHRIsfiAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND ORGANISATEON'S INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2023 Trustees Dr Olalekan Aladesanmi Pastor Ayodele Aladejana Pastor Emmanuel Osagbakhoe Charity No 1198072 Minister in Charge Pastor James Onaoluwa Princlpal Office 32 General Graham Street Sunderland SR4 7HL Independent Examiner Akintayo Ojo FCCA Resour￿ Accou ntancy Practice 46 Hollywood Way Erith DA8 2QE Bankers Barclays Bank PLC Page 2 THE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 The trustees submit thelr report and financial statement for The Redeemed Chrlstian Church of of God - Revlval Assembly Sunderland (The Charity) for the year ended 31 December 2023. The trustees confirm that the annual report and financial statements of the charity have been In accordance wlth the pollcies set out in note I to the accounts and comply wlth the charity's trust deed, the Charltles Act 2011 and Accountlng and Reporting by Charities: Statement of Recommended Practlce (SORP) appllcable In UK and Republic of Ireland published On 16 July 2014 WORKING NAMES The Redeemed Chrlstian Church of God - Revlval A55embly Sunderland also trade under the name RCCG Revival Assembly Sunderland. OBJECTIVES AND ACTIVITIES The principal obSect of the charity 15 the advancement of Chrlstlan falth In accordance with the statements of beliets of the evangelical faith, and the relief of poverty. To achieve its objectives, the charity adopted the following strateg ies: Runnlng Christian ￿lIgIOuS attlvltles comprlslng of Sunday Servlces and mldweek bible study, Organising community developments programmes, Welfare, helps, tralnlng and development programmes for indlvlduals, Supporting other charities and Christian events, and Convening gathering of Christlan tagged Inter-Denomlnatlonal Chrlstlan Gatherlng. STRUCTURE, GOVERNANCE AND MANAGEMENT RCCG Revlval Assembly Sunderland is constituted under a Trust Deed dated l January 2020. A board of trustees comprising of 3 members provides strategic leadership for the charity, whlSe the Minlster In Charye manages the day to day activities of the charity. POLICIES ADOPTED FOR THÈ INDucfIoN AND TRAINING OF NEW TRUSTEES The inductlon process for a newly appolnted trustees comprlses of an Inltlal meetlng wlth the chair and other trustees, followed by short meetlngs wlth the Mlnlster In Charge on the powers and responsibilities of the trustees. ORGANISATZONAL sfRucfuRE AND DECISION MAKING The trustees meet regularly to manage the affalrs of the organlsatlon. The Mlnlster In Charge oversee the splrltual attlvltles of the church. RISK MANAGEMENT The Trustees have assessed the major risks to which the charity is exposed, in particular those related to operation5 and finances of the charity, and are satisfied that systems are in place to mitigate our exposures to major rlsks. Page 3 THE REDEEMED CHRIsfiAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND TRUSTEE'S REPORT FOR THE PERIOD ENDED 31ST DECEMBER 2023 PRINCIPAL FUNDING Funding has been provided mainly through tithes and offerlngs by church members and through donètions. Pledges are also taken for specific projects. FUTURE DEVELOPMENTS The charlty continues to explore various way5 of spreading the gospel of Christ in an effectlve manner. The charity is also looking to grow In membership and continue to develop Its members to make life-changing impact in the community. Page 5 THE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND TRUSTEE'S REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 STATEMENT 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 trustee5 have elected to prepare the financial statements in accordance with the UnSted Kingdom Generally Acceptable 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 and of the surplus or deficit of the charity for that period. In preparing the financial statements, the trustees are required to.. Se5ect suitable accounting policies and apply them consistently. Make judgement and estimates that are reasonable and prudent; Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation. The trustees recognise their responsiblllties 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 henceforth taking 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 examlner, whose report is also appended. Approved by trustees on Il Qès4o 2Ji*and slgned on their behalf by.. Past Trustee ele Aladejana Dr Olalekan Aladesanmi Trustee Page 6 THE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023 TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD - REVIVAL ASSEMBLY SUNDERLAND I report on the accounts of the charity for the period ended 31 December 2023 which is set on pages 8- 12 RESPEcfIvE RESPONSIBILITIES OF THE TRUSTEES AND ThE EXAMINER The charity trustees are responsible for the preparation of the accounts. The Charlty's trustees consider than an audit is not required for the perlod urFder section 142{2) of the Charitles Act 2011 and that an Independent examination is needed. It is my responsibility to: examine the accounts under section145 of Charities Act 2011. follow the procedures lald down in the general Direction5 given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act; and state whether particular matters have come to my attentlon. BASIS OF MY EXAMINATION My examination was carried out in accordance with the General Directions given by the Charity Commlssion. 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 conslderation of any unusual items or disclosures In the account, and seeking explanatlons 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 no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statements below. EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention.. { l) which gives me reasonable cause to belleve that in any materlal respect the trustees have not met the requirements to ensure that.. proper accountlng records are not kept In accordance wlth the Charities Act; and accounts are prepared which agree with the accountlng records and comply with the accounting requirement5 of the Charities Act 2011; or (2} to which, in my opinion, attention should be drawn in order to enable a proper under- standing of the accounts to be reached. ,.1 L)ofD ZD Aklntayo Ojo FCCA 46 Hollywood Way. Erith. DA8 2QE Page 7 THE REDEEMED CHRISTIAN CHURCH OF GOD REvniAL ASSEMBLY SUNDERLAND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 Unrertrlcted Eestr6¢ted Total Total Funds Fuftd$ Funds Funds Notes 2023 2023 2023 2022 Incomlng resources Incomlng resources from generated funds Donations & voluntary income Grants & other Income Total Incoming resour￿$ 46,569 46,569 29,429 46,569 46,569 29,429 Resources expended Grants payable - Instltutlonal Cost of attivltles In ￿rtherance of charlty's obje( Support Costs Management and governan￿ cost Total resources expended 8,677 20,718 2,993 1,225 33,613 8,677 20,718 2,993 1,225 33,613 4,512 12,245 2,271 500 19,528 Net(outgolng)Ilncomlng resources for the year 12,956 12,956 9,901 Total funds at the start of the year 17,302 17,302 7,401 Balance at the end of the year 30,258 30,258 17,302 Page 8 THE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL ASSEMBLY SUNDERLAND STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2023 Total Total Funds Funds Notes 2023 2022 Fixed Assets Tangible fixed assets 2,202 3,062 Current assets Cash at bank and in hand Debtors 28,906 15,240 28,906 15,240 Less: Current Liabilities: Creditors: Amount falling due within One year Net assets 850 1,000 17,302 30,258 Flnanced BY: Charity funds General restricted General unrestricted 30,258 30.258 17,302 17,302 The accounts have been prepared In accordance with the provlslon of Statement of Recommended Practiee.. Accounting and Reportlng by Charities ISORPI Issued March 2008 as modified for smaller charities. Approved by the Trustee5 on IL