## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) OPEN HEAVENS CHRISTIAN CENTRE HATFIELD**
**REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)**
## **OPEN HEAVENS CHRISTIAN CENTRE (OHCC), HATFIELD**
||**Page**|
|---|---|
|CORPORATE INFORMATION|3|
|REPORT OF THE BOARD OF TRUSTEES|4|
|INDEPENDENT EXAMINER’S REPORT|7|
|STATEMENT OF FINANCIAL ACTIVITIES|8|
|STATEMENT OF FINANCIAL POSITION|9|
|ACCOUNTING POLICIES|10|
|NOTES|11|
2
## **CORPORATE INFORMATION**
|**Charity Registration Number:**|1200187|||
|---|---|---|---|
|**Principal Address:**|62A Town Centre|||
||Hatfield|||
||AL10 0JJ|||
|**General Overseer:**|Pastor E.A. Adeboye|||
|**Board of Trustees:**|_The trustees who served during_|_the_|_period were as follows:_|
||Mrs Omobonike Fagbenro|-|Chairperson|
||Pastor Oluremi Balogun|-|Member|
||Mr Franklyn Ikhine|-|Member|
||Mr Kayode Fabiyi|-|Member|
||Mr Akin Coker|-|Member|
|**Minister-in-Charge:**|Pastor Odunayo Fabiyi|||
|**Banker:**|Barclays Plc|||
||Leicester|||
||LE87 2BBB|||
3
## **REPORT OF THE BOARD OF TRUSTEES**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. The trustees have adopted the provision of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ issued in March 2005.
## **Public Benefit Statement**
The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".
## **Governing Document**
The charity is an unincorporated association governed by a constitution. Eligibility for members of charity and members of board of trustees is governed by the constitution.
There are no restrictions in the governing document on the operation of the charity or on its investment powers, other than those imposed by general charity law.
## **Organisation Structure**
The church is organised such that the trustees meet at regular intervals to manage its affairs. The day to day activities of the church is administered by the Pastor-in-charge:-
## _Pastor Odunayo Fabiyi_
## **Volunteers**
Many volunteers sacrifice their time to help with the routine activities of the church. We are greatly indebted to these volunteers for their unwavering commitment and support.
## **Appointment of New Trustees**
Trustees are appointed by strict spiritual guidelines and biblical qualities that mirror Christ-like attributes. There was no trustees’ remuneration or other benefits.
_The trustees who served during the period were as follows:_
|Mrs Omobonike Fagbenro|-|Chairperson|
|---|---|---|
|Pastor Oluremi Balogun|-|Member|
|Mr Franklyn Ikhine|-|Member|
|Mr Kayode Fabiyi|-|Member|
|Mr Akin Coker|-|Member|
4
## **Risk Management**
The trustees actively review the major risks which the charity faces on a regular basis. The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that the systems have been established to enable regular reports to be produced so that the necessary steps can be taken to mitigate these risks.
## **Related Parties**
RCCG Open Heavens Christian Centre is a member of Redeemed Christian Church of God (RCCG) which has parishes in many countries of the world. The relationship between the parishes and RCCG is governed by an agreement for common purposes.
## **Principal Funding Sources**
The sources of fund are provided mainly through tithes and offerings by church members as well as gift aid.
## **Objects and Activities**
The principal object is the advancement of Christian Faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objective, the charity adopted the following strategies;
- Conducting Sunday worship services, midweek Bible study and prayer meetings;
- Running seminars in the church with proven ministers of faith to guide members in the various aspects of Christian faith;
- Support for other charities and Christian events; and
- Regular visitation within the local community to provide required support.
The activities for achieving its objectives include:
- Community outreach events
- Conference and events
- Welfare support to members and general public; and
- Various missionary activities
## **Achievements and Future Developments**
This year we have successfully share our Christian faith by promoting positive values to reduce social vices among the youths in our communities, providing support for struggling families and many more communityoriented events.
As we pursue life transforming programmes and embark on spreading the gospel of Christ, we anticipate transformation in peoples’ life and growth in membership that will lead to planting of more parishes.
5
Indeed, the present level of funding is sufficient to support the continuation of the church objectives.
## **Financial Reviews**
During the period, the total of sum £44,002 was received in voluntary income. Total resources expended was £16,103 thus resulting in operating surplus of £27,889. Cash at the end of the period was £88,443.
## **Trustees’ Responsibilities**
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the net income or expenditure of the charity for the year. In preparing these financial statements the trustees are required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgments and estimates that are reasonable and prudent;
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going-concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping 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 charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The appended financial statements have been prepared on the accrual’s basis and have been examined by an independent examiner, whose report is also appended.
This report was approved by the Board of Trustees and signed on their behalf by:
6
## **INDEPENDENT EXAMINER’S REPORT**
**Report to the trustees/members of:** The Redeemed Christian Church of God (RCCG), Open Heavens Christian Centre, Hatfield **On accounts for the year ended:** 31[st] December 2023, set out on pages 8 - 13 **Charity Number:** 1200187 **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 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
- examine the accounts under Section 145 of the 2011 Act
- to follow the procedures laid down in the General Directions given by the Charity commission (under Section 145(5) (b) of the 2011 Act); and
- to state whether particular matters have come to my attention.
## **Basis of the Independent Examiner’s Report**
My examination was carried out in accordance with the General Directions given by the Charity commission. 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 include consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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 statement below.
## **Independent Examiner’s Statement**
In connection with my examination, no matter has come to my attention low:
- (1) which give me reasonable cause to believe that in, any material respect, the requirements:
- to keep accounting records in accordance with section 130 of the Charities Act;
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**Signed:** O.A. **Date: 19/01/2025**
Name: Dr Olalekan Aladesanmi, FCCA Address: 1 Hendon, Road, Sunderland, SR1 2AN
7
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **Year Ending 31[st] December 2023**
|**Notes**
**INCOMING RESOURCES**
Donations, Legacies and similar
incoming resources
3
Activities in furtherance of charity's
object
4
**Total Incoming Resources**
**RESOURCES EXPENDED**
Grants Paid
5
Costs of activities for Charitable
objectives
6
Support costs
7
Management and Governance Cost
8
**Total Resources Expended**
Net (Resources expended/Incoming
Resources)
Total Funds brought forward
**Total Funds carried forward**|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total Funds**
**£**
**£**
**£**
**£**
31,677 -
31,677
17,012
12,325-
12,325
17,647|
|---|---|
||**44,002 - 44,002**
**34,659**|
||750
- 750
540
7,452
-
7,452
7,350
6,542
- 6,542
5,818
1,360
- 1,360
6,420|
||**16,103**
**- 16,103**
**20,128**|
||27,899 -
27,899
14,531
74,301-74,301
59,770|
||**102,200- 102,200**
**74,301**|
8
## **STATEMENT OF FINANCIAL POSITION**
## **Year Ending 31[st] December 2023**
|**Notes**
**Non-current Assets**
Tangible Assets
9
**Current Assets**
Prepayment
Gift Aid Receivable
Cash in Bank
**Short Term Liabilities**
Creditors (amount falling due in one year)
Net Current Assets
**Net Assets**
**Charity Funds**
Unrestricted
Restricted
**Total Charity Funds**
10|**2023**
**2022**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
3,559
2,717|
|---|---|
||3,444 2,752
6,784 3,750
88,41365,082|
||98,64171,584|
||-
-|
||**98,641** **71,584**|
|||
||**102,200 74,301**|
||102,200 74,301
-
-|
||**102,200 74,301**|
The financial statements were approved by the Board of Trustees on __
___and were signed
9
## **ACCOUNTING POLICIES**
## **1. Accounting Policy**
The fundamental accounting policies, all of which have been consistently applied throughout the year, are set out below:
## **(a) Scope and Basis of Preparation**
The financial statements of RCCG Open Heavens Christian Centre Hatfield have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **(b) Fund Accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular purposes.
## **(c) Incoming Resources**
All incoming resources are accounted for when the Charity is legally entitled to the funds and the amount can be quantified with reasonable accuracy.
## **(d) Resources Expended**
All expenditure is accrued for on accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
## **(e) Cash flow**
The financial statements do not include a cash flow statement because the church, as a small reporting entity, is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective June 2002).
## **(f) Tangible Fixed Assets and Depreciation**
Depreciation is charged on an annual rate on a reducing balance basis in order to write off each asset over its estimated useful life.
|**Asset Category**|**Annual Rate**|
|---|---|
|Motor Vehicles|10% on cost|
|Fixtures and Fittings|20% on cost|
|Equipment|20% on cost|
## **(g) Taxation**
The charity is exempt from corporation tax on its charitable activities.
10
## **NOTES**
|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**3. Donation, Legacies and Similar Incoming**
**Resources**
**£**
**£**
**£**
**£**
Tithes
19,109 - 19,109
10,746
Offering
6,899 - 6,899
3,676
Thanksgiving
811 -
811
799
First Fruits
2,850 -
2,850
183
Building fund
180
180
90
Welfare
100 -
100
200
Others (e.g., Sunday school manuals, refund)
1,728-
1,728
1,318
**31,677 - 31,677**
**17,012**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**4. Activities in Furtherance of Charity Object**
**£**
**£**
**£**
**£**
Grants - Gift Aid Scheme
-
-
-2,657
Government grants
12,325
-12,32514,990
**12,325 **
**- 12,325 ** **17,647**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**5. Grants Paid (Institutional and Non-**
**institutional)**
**£**
**£**
**£**
**£**
RCCG - World Evangelical Mission
-
-
-
-
RCCG - Central Office Fund
150
- 150
-
Evangelical Support
600
-600540
**750**
**- 750 540**|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**3. Donation, Legacies and Similar Incoming**
**Resources**
**£**
**£**
**£**
**£**
Tithes
19,109 - 19,109
10,746
Offering
6,899 - 6,899
3,676
Thanksgiving
811 -
811
799
First Fruits
2,850 -
2,850
183
Building fund
180
180
90
Welfare
100 -
100
200
Others (e.g., Sunday school manuals, refund)
1,728-
1,728
1,318
**31,677 - 31,677**
**17,012**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**4. Activities in Furtherance of Charity Object**
**£**
**£**
**£**
**£**
Grants - Gift Aid Scheme
-
-
-2,657
Government grants
12,325
-12,32514,990
**12,325 **
**- 12,325 ** **17,647**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**5. Grants Paid (Institutional and Non-**
**institutional)**
**£**
**£**
**£**
**£**
RCCG - World Evangelical Mission
-
-
-
-
RCCG - Central Office Fund
150
- 150
-
Evangelical Support
600
-600540
**750**
**- 750 540**|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**3. Donation, Legacies and Similar Incoming**
**Resources**
**£**
**£**
**£**
**£**
Tithes
19,109 - 19,109
10,746
Offering
6,899 - 6,899
3,676
Thanksgiving
811 -
811
799
First Fruits
2,850 -
2,850
183
Building fund
180
180
90
Welfare
100 -
100
200
Others (e.g., Sunday school manuals, refund)
1,728-
1,728
1,318
**31,677 - 31,677**
**17,012**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**4. Activities in Furtherance of Charity Object**
**£**
**£**
**£**
**£**
Grants - Gift Aid Scheme
-
-
-2,657
Government grants
12,325
-12,32514,990
**12,325 **
**- 12,325 ** **17,647**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**5. Grants Paid (Institutional and Non-**
**institutional)**
**£**
**£**
**£**
**£**
RCCG - World Evangelical Mission
-
-
-
-
RCCG - Central Office Fund
150
- 150
-
Evangelical Support
600
-600540
**750**
**- 750 540**|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**3. Donation, Legacies and Similar Incoming**
**Resources**
**£**
**£**
**£**
**£**
Tithes
19,109 - 19,109
10,746
Offering
6,899 - 6,899
3,676
Thanksgiving
811 -
811
799
First Fruits
2,850 -
2,850
183
Building fund
180
180
90
Welfare
100 -
100
200
Others (e.g., Sunday school manuals, refund)
1,728-
1,728
1,318
**31,677 - 31,677**
**17,012**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**4. Activities in Furtherance of Charity Object**
**£**
**£**
**£**
**£**
Grants - Gift Aid Scheme
-
-
-2,657
Government grants
12,325
-12,32514,990
**12,325 **
**- 12,325 ** **17,647**
**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**5. Grants Paid (Institutional and Non-**
**institutional)**
**£**
**£**
**£**
**£**
RCCG - World Evangelical Mission
-
-
-
-
RCCG - Central Office Fund
150
- 150
-
Evangelical Support
600
-600540
**750**
**- 750 540**|
|---|---|---|---|
|||||
|||||
|||||
|||||
||||**750**
**- 750 540**|
11
|**6. Cost of Activities for Charitable Objectives**
Rent
Local council rates
**7. Support Costs**
Utilities
Books/Postage/Stationeries
Travel /Transport
Repairs
Welfare/Hospitality
Printing
Road tax
Fuel
Insurance
IT expenses - internet, website and mobile
Bank charges
Depreciation|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
7,252
- 7,252 6,350
200
- 2001,000|
|---|---|
||**7,452**
**- 7,452 7,350**|
||**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
1,315
-
1,315
1,327
271
- 271278
100
- 100
-
534
- 53485
2,226
- 2,2262,086
266
- 266200
150
- 150
-
309
- 309185
550
- 550631
215
- 215662
606
- 606364
6,542
-4,4065,818|
||1,315
- 1,315 1,327|
|**8. Management and Governance Cost**
Retreat/Training
Professional fees
Volunteers|**2023**
**2022**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Funds**
**Total**
**Funds**
**£**
**£**
**£**
**£**
610
- 6102,720
600
- 6003,500
150
- 150 200|
|---|---|
||**1,360**
**- 1,360 6,420**|
12
## **9. Non-current Assets: Tangible Assets**
|**9. Non-current Assets: Tangible Assets**||
|---|---|
|**Cost**
As at 26 August 2023
Additions
**At 31 December 2023**
**Depreciation**
As at 26 August 2023
Charge for the year
**At 31 December 2023**
**Net Book Value**
**At 31 December 2023**|**Motor**
**Vehicle**
**Fixtures &**
**Fittings**
**Equipment**
**Total**
£
£
£
2,900
3,383
4,911
11,194
-
645
928
1,574|
||**2,900**
**4,028**
**5,839**
**12,768**|
||1,766
2,680
4,157
8,603
113
270
337
606|
||**1,879**
**2,950**
**4,493**
**9,209**|
||**1,021**
**1,079**
**1,346**
**3,559**|
## **10. Movements in funds**
|**Unrestricted Funds**
General Funds
**Restricted Funds**
Restricted
**Total Funds**|**At**
**26/08/2023**
**net**
**movement**
**in funds**
**At**
**31/12/2023**
£
£
£
74,301
27,899
102,200
-|
|---|---|
||**74,301**
**27,899**
**102,200**|
13