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2024-04-30-accounts

RCCG Salvation & Praise House

Report and Accounts

30 April 2024

Company Registration Number:- 14044271 Charity Registration Number:- 1200280

RCCG Salvation & Praise House

Report and accounts for the year ended 30 April 2024

Contents

Page
Charity information 1
Trustees' annual report 1
Statement of directors' responsibilities 5
Independent accountant's report 6
Funds statements:-
Statement of financial activities 7
Movements in funds 8
Income and Expenditure account 8
Balance sheet 9
Notes to the accounts 10

RCCG Salvation & Praise House

Company registration number -14044271

Trustees' annual report for the year ended 30 April 2024

The trustees present their report and accounts for the year ended 30 April 2024.

Reference and administrative details

The charity's name.

The legal name of the charity is:- RCCG Salvation & Praise House.

The charity is also known by its operating name; Redeemed Christian Church of God Salvation & Praise House.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1200280.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as a charity limited by guarantee, registered under the Companies Act. The governing document of the charity is the Memorandum and Articles of Association establishing the charity under charity legislation.

The governing document is dated 13 April 2022.

There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by charity law.

The principal operating address, telephone number, email and web addresses of the charity are:-

54 Christmas Street Gillingham, Kent United Kingdom, ME7 1TD Telephone +447958261573

The trustees in office on the date the report was approved were:-

Samuel Kayode Adetunji Richard Muyiwa Odufisan Iyiade Olaitan Osin

The trustees who served as a trustee in the reporting period were as shown above, and there were no changes during the year, or in the period between the year end and the approval of the accounts.

The purposes of the charity as set out in its governing document.

The objects of the charity are:

  1. The advancement of the Christian religion worldwide and

  2. The relief of poverty.

It pursues these objects by the operation of a Christian worship centre at a facility located at Chattenden Community Centre, Swinton Avenue, Chattenden. It also organises special training and mentoring activities for the unemployed, people planning to start their own businesses and runs general information centre for the public.

1

RCCG Salvation & Praise House

Company registration number -14044271

Trustees' annual report for the year ended 30 April 2024

The main activities undertaken in relation to those purposes during the year.

Significant activities that contributed to the achievement of these objectives were:

  1. Events organised during the year to promote the Christian faith include distribution of leaflets with Christian messages, organising deliverance services, all night vigils, special prayers and counselling.

  2. Other activities to help raise the profile of the charity in the local community included picnics, Mothers' Day and Fathers' Day celebrations.

  3. Specific activities for the relief of poverty are in the areas of training and mentoring of the unemployed to start their own businesses and passing job information to job seekers.

The charity's strategies for achieving its aims and objectives in the future.

The charity aims at building on its current achievement in effectively spreading the ethos, love and hope that Christian faith offers. It also aims at building upon its current efforts of community involvement, in its bid to make our community and the larger world a better place for all.

How the activities undertaken during the year contributed to the achievement of the aims and objectives.

The trustees are pleased to report that the church continued to be successful spiritually by ministering to many people in prayer and welfare. The church has improved in membership strength and is increasingly reaching out to the community.

The contribution of volunteers during the year.

The church is grateful for the commitment and efforts of its volunteers who are involved in services provision especially during the pandemic period. The church has over 39 volunteers committed to working in various departments within the church. The church continues to dispense the service of heads of departments and ministers to ensure that the best value is derived from the sterling efforts of the volunteers.

Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year.

Grants are made to other charitable bodies. The church supports missionary organisations such as the Festival of Life and the World Evangelism Mission, and other missions and projects within and outside the UK. The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.

The main achievements and performance of the charity during the year.

The trustees are pleased to report that the church continued to be successful spiritually by ministering to many people in prayer and welfare. The church has improved in membership strength and is increasingly reaching out to the community.

2

RCCG Salvation & Praise House

Company registration number -14044271

Trustees' annual report for the year ended 30 April 2024

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

New trustees are elected on the basis of the contribution that they will make to the governance of the organisation and the skills that they will contribute. They are provided with copies of the Charity Commission's guidance and given an introduction to the activities of the charity by the existing board.

The Charity's organisational structure.

The board of trustees is headed by a Chairman, the Secretary to the trust and a financial administrator. All the present employees of the Charity are voluntary workers. The trustees are responsible for making all decisions regarding allocation of fund and activities.

The Charity's relationships with related parties.

RCCG Salvation & Praise House is a parish of The Redeemed Christian of God, a network comparising parishes all over the world. There is an agreement for common purposes entered into by RCCG Salvation & Praise House with the Redeemed Christian Church of God which documents this relationship.

The Charity's bankers and advisors

Bankers Barclays Bank UK Plc 1 Churchill Place London E14 5HP Accountants Crownwise Consult Ltd 1A Town Square Erith London DA8 1RE

3

Company registration number -14044271

RCCG Salvation & Praise House

Trustees' annual report for the year ended 30 April 2024

Financial review

The charity's financial position at the end of the year ended 30 April 2024

The financial position of the charity at 30 April 2024 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total funds
Unrestricted revenue funds available for
the general purposes of the charity
Net income
2024
£
2,542
10,225
10,225
2023
£
(181)
7,683
7,683

Financial review of the position at the reporting date, 30 April 2024 .

During the year, income of £31,484 was received as voluntary donations. The net movement in funds for the period, as shown in the statement of financial activities, for the period was a surplus of £2,542. The value of RCCG - Salvation & Praise House’s net assets as at 30 April 2024 is £10,225.

The major risks to which the charity is exposed and reviews and systems to

mitigate them.

The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate against exposures to the major risks.

Details of the independent examiner

Niyi Zaccheus Chartered Certified Accountant 1A Town Square Erith London DA1 8RE

4

RCCG Salvation & Praise House

Company registration number -14044271

Trustees' annual report for the year ended 30 April 2024

Statement of trustees' responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .

In particular, charity law requires the trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the trustees are required to :-

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under 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 trustees are also responsible for the contents of the trustees' report, and the statutory responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 22 January 2025.

tunj Samuel Kayode Adetunji Trustee i Trustee

5

RCCG Salvation & Praise House

Report of the independent accountant to the trustees of the Charity on the accounts for the year ended 30 April 2024

We report on the financial statements of RCCG Salvation & Praise House for the year ended 30 April 2024, as set out on pages 7 to 15, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet and the related notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the charity are prepared, in all material respects, in accordance with charity law applicable within the jurisdiction of England & Wales and the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, under the historical cost convention, and in accordance with the accounting policies set out on page 10, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.

Respective responsibilities of the trustees and the accountant

As described on page 5, you, the charity's trustees are responsible for the preparation of the accounts.

The trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. The trustees also consider the Charity to be exempt from the requirement to be subject to Independent Examination.

Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny.

No statement of opinion

We have not carried out any audit procedures and have relied upon information supplied to us by the trustees, and the information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.

Niyi Zaccheus - Independent Accountant Chartered Certified Accountant 1A Town Square Erith London DA1 8RE

This report was signed on 22 January 2025

6

RCCG Salvation & Praise House - Statement of financial activities for the year ended 30 April 2024

Statement of financial activities for the year ended 30 April 2024

Income & endowments from:
Donations & legacies
Total income
Expenditure on:
Charitable activities
Total expenditure
Reconciliation of funds:-
Total funds brought forward
Total funds carried forward
Net movement in funds
Current year
Unrestricted
funds
2024
£
31,484
31,484
28,942
28,942
2,542
7,683
10,225
Current year
Restricted
funds
2024
£
-
-
-
-
-
-
-
Current year
Total funds
2024
£
31,484
31,484
28,942
28,942
2,542
7,683
10,225
Prior year
Total funds
2023
£
20,983
20,983
21,164
21,164
(181)
7,864
7,683

All the prior year transactions were unrestricted items, and no further analysis is required.

All activities derive from continuing operations.

RCCG Salvation & Praise House - Resources applied in the year ened 30 April 2024 towards fixed assest for charity use.

Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Net resources available to fund charitable activities
2024
£
2,542
(906)
1,636
2023
£
(181)
-
(181)

The notes attached on pages 10 to 15 form an integral part of these accounts.

7

RCCG Salvation & Praise House - Statement of financial activities for the year ended 30 April 2024

Movements in revenue and capital funds for the year ended 30 April 2024

Revenue accumulated funds

Unrestricted
funds
2024
£
7,683
2,542
Closing revenue funds
10,225
Summary of funds
Unrestricted
and
Designated funds
2024
£
Revenue accumulated funds
10,225
Revenue designated funds
-
Total funds
10,225
Accumulated funds brought
forward
Recognised gains and losses
before transfers
Restricted
funds
2024
£
-
-
-
Restricted
funds
2024
£
-
-
-
Total
funds
2024
£
7,683
2,542
10,225
Total
funds
2024
£
10,225
-
10,225
Last year
Total funds
2023
£
7,864
(181)
7,683
Last year
Total funds
2023
£
7,683
-
7,683

The notes attached on pages 10 to 15 form an integral part of these accounts.

RCCG Salvation & Praise House Income and Expenditure Account for the year ended 30 April 2024 as required by the Companies Act 2006

Income
Income from operations
Gross income in the year including exceptional items
Expenditure
Charitable expenditure, excluding depreciation and amortisation
Governance costs
Total expenditure in the year
Retained surplus for the financial year
Net income after tax in the financial year
Net income before tax in the financial year
2024
£
31,484
31,484
28,215
500
28,942
2,542
2,542
2,542
2023
£
20,983
20,983
20,664
500
21,164
(181)
(181)
(181)

All activities derive from continuing operations.

The notes attached on pages 10 to 15 form an integral part of these accounts.

8

RCCG Salvation & Praise House - Balance Sheet as at 30 April 2024

Notes 2024 2023
£ £
Fixed assets
Tangible assets 2 679 -
Total fixed assets 679 -
Current assets
Stocks - -
Debtors 3 1,200 -
Cash at bank and in hand 8,846 8,183
Total current assets 10,046 8,183
Creditors: amounts falling due within
one year 4 (500) (500)
Net current assets 9,546 7,683
The total net assets of the charity 10,225 7,683
The total net assets of the charity are funded by the funds of the charity, as follows:-
Unrestricted funds
Unrestricted revenue funds 10,225 7,683
10,225 7,683
Total charity funds 10,225 7,683

For the year ending 30 April 2024, the company was entitled to exemption from audit under section 447 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibility of complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

The accounts have been prepared in accordance with the provision applicable to companies subject to small companies regime.

Samuel Kayode Adetunji tunji Trustee Trustee

Approved by the board of trustees on 22 January 2025

The notes attached on pages 10 to 15 form an integral part of these accounts.

9

RCCG Salvation & Praise House

1 Accounting policies

Policies relating to the production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the Charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the directors have obtained forecasts and, after reviewing the financial forecasts for future periods to 30 April 2024, the directors are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the directors are not aware of any material uncertainites about the Charity's ability to continue as a going concern.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the Charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the Charity receives is approximately equal in value to the goods or services supplied by the Charity to the purchaser.

Income from a non-exchange transaction is where the Charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the Charity’s assets or a reduction in its liabilities and only when the Charity has legal entitlement, the income is probable and can be measured reliably.

Dividends are accrued when the shareholder’s right to receive payment is established.

Income subject to terms and conditions which must be met before the Charity is entitled to the resources is not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

10

RCCG Salvation & Praise House

Policies relating to expenditure on goods and services provided to the Charity.

Recognition of liabilities and expenditure

A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..

Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the Charity.

However, the directors value the significant contribution made to the activities of the Charity by unpaid volunteers.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

2 Tangible fixed assets

Current Year
Cost
At 1 May 2023
Additions
At 30 April 2024
Depreciation
At 1 May 2023
Charge for the year
At 30 April 2024
Net book value
At 30 April 2024
At 30 April 2023
Debtors
Other debtors
Land and
Buildings
£
-
-
Office
Equipments
£
-
906
Motor
Vehicles
£
-
-
Total
£
-
906
- 906 - 906
-
-
-
227
-
-
-
227
- 227 - 227
- 679 - 679
- - - -
2024
£
1,200
2023
£
-
1,200 -

3 Debtors

11

RCCG Salvation & Praise House

4
Creditors: amounts falling due within one year
Accruals
5
Income and Expenditure account summary
At 1 May 2023
Surplus after tax for the year
At 30 April 2024
2024
£
500
2023
£
500
500 500
2024
£
7,683
2,542
2023
£
7,864
(181)
10,225 7,683

6 Particulars of how particular funds are represented by assets and liabilities

At 30 April 2024
Tangible fixed assets
Current assets
Current liabilities
At 1 May 2023
Current assets
Current liabilities
Unrestricted and designated funds:-
Unrestricted revenue funds
Total charity funds
Analysis of movements in funds over the year
Unrestricted and designated funds:-
Unrestricted revenue funds
Unrestricted
funds
£
679
10,046
(500)
Designated
funds
£
-
-
Restricted
funds
£
-
-
-
Total
funds
£
679
10,046
(500)
10,225 - - 10,225
Unrestricted
funds
£
8,183
(500)
Designated
funds
£
-
-
Restricted
funds
£
-
-
Total
funds
£
8,183
(500)
7,683 - - 7,683
Funds
brought
forward from
2023
£
7,683
Movement in
funds in 2024
£
2,542
£
-
Transfers
between
funds in 2024
Funds carried
forward to
2025
£
10,225
7,683 2,542 - 10,225
Income
2024
£
31,484
Expenditure
2024
£
(28,942)
Other
Gains &
Losses
2024
£
-
Movement
in funds
2024
£
2,542
31,484 (28,942) - 2,542

7 Analysis of movements in funds over the year

12

RCCG Salvation & Praise House

Detailed analysis of income and expenditure for the year ended 30 April 2024 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

8 Donations, grants and legacies

Donations, grants and legacies
Small donations individually less than £1000
Total donations and gifts from
individuals
Current year
Unrestricted
funds
2024
£
31,484
Current year
Restricted
funds
2024
£
-
-
Current year
Total funds
2024
£
31,484
31,484
Prior year
Total funds
2023
£
20,983
31,484 20,983

9 Expenditure on charitable activities - Direct spending

Current year
Current year
Current year
Unrestricted
funds
Restricted
funds
2024
2024
£
£
1,666
-
400
-
-
-
650
-
242
-
Total direct spending
2,958
-
Expenditure on charitable activities- Grant funding of activities
Current year
Current year
Current year
Unrestricted
funds
Restricted
funds
2024
2024
£
£
4,639
-
2,120
-
Total grantmaking costs
6,759
-
Honorarium
Grants made to individuals
Grants made to organisations
WEM
Insurance
COF
Travel and Subsistence - Charitable
Activities
Current year
Total funds
2024
£
1,666
400
-
650
242
2,958
Current year
Total funds
2024
£
4,639
2,120
Prior year
Total funds
2023
£
255
1,150
400
924
-
2,729
Prior year
Total funds
2023
£
5,184
-
6,759 5,184

10 Expenditure on charitable activities- Grant funding of activities

13

RCCG Salvation & Praise House

Detailed analysis of income and expenditure for the year ended 30 April 2024 as required by the SORP 2015

11 Support costs for charitable activities
Current year Current year Current year Prior year
Unrestricted Restricted Total funds Total funds
Current year funds funds
2024 2024 2024 2023
£ £ £ £
Volunteer costs
Programs 1,201 - 1,201 350
Music 2,506 - 2,506 1,549
Motor expenses - volunteers 5,171 - 5,171 3,841
Premises Expenses
Rates and water charges 13 - 13 -
Room hire 5,049 - 5,049 2,702
Cleaning and waste management 475 - 475 -
Administrative overheads
Telephone, fax and internet 394 - 394 349
Postage 105 - 105 13
Stationery and printing 528 - 528 810
Information and publications 647 - 647 -
Membership subscriptions 113 - 113 858
Equipment expenses 905 - 905 1,313
Software licences and expenses 324 - 324 659
Sundry expenses - - - 207
Equipment,repairs,expenses and maintenance 467 - 467 100
Legal fees 600 - 600 -
Financial costs
Depreciation total for the period 227 - 227 -
Support costs before reallocation 18,725 - 18,725 12,751
The basis of allocation of costs between activities is described under accounting policies
All the expenditure in the prior year was unrestricted.

14

RCCG Salvation & Praise House

Detailed analysis of income and expenditure for the year ended 30 April 2024 as required by the SORP 2015

12 Other Expenditure - Governance costs

Current year
Independent examiner's fees
Total governance costs
13 Total charitable expenditure
Current year
Total direct spending
Total grantmaking costs
Total support costs
Total governance costs
Total charitable expenditure
Current year
Unrestricted
funds
2024
£
500
Current year
Restricted
funds
2024
£
-
-
Current year
Restricted
funds
2024
£
-
-
-
-
-
Current year
Total funds
2024
£
500
500
Current year
Total funds
2024
£
2,958
6,759
18,725
500
28,942
Prior year
Total funds
2023
£
500
500 500
Current year
Unrestricted
funds
2024
£
2,958
6,759
18,725
500
Prior year
Total funds
2023
£
2,729
5,184
12,751
500
28,942 21,164

15