REGISTERED COMPANY NUMBER: 12088484 (England and Wales) REGISTERED CHARITY NUMBER: 1205458 Re ort of the Trustees and Unaudlted Flnanclal Statements for the Year Ended 31 Jul 2024 RCCG Mount Zlon Llver ool Ltd Corbett & Co Accountants Ltd Chartered Certified Accountants 555 Smithdown Road Liverpool Merseyside L155AF
RCCG Mount Zlon Llver ool Ltd Contents of the Flnanclal Statements or the Year Ended 31 Jul 2024 Page Report of the Trustees Independent Examlner's Report Statement of Flnanclal Actlvitles Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities 10
RCCG Mount Zion Llver ool Ltd ort of the Trustees for the Year Ended 31 Jul 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 July 2024. The trustees have adopted the provisions of Accounting and Reporting by Charits'es: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). INCORPORATION The charitable coinpany was incorporated on 6 July 2019. OBJECTIVES AND ACTIVITIES Objectives and aims The objectives of the charity are as follows: 1. The advanceinent of Christian Faith Worldwide 2. Relief of Poverty and help for the needy To achieve the above objectives, the charity is engaged in a) Running of Sunday service in its locality b) Regular Evangelism, 2 times monthly c) Bible studies on Wednesdays d) Prayer meetings e) Organize crusade meetings fl Youth meetings. Organized to help youth in the church and the community to guide against knife and gun crimes, and to make them become responsible adult in the society at large g) Youth Service h) Father Christmas shows for children in the community where children are given a free gift. i) Welfare scheme: This scheme ensures that basic needs of the poor within and without the church are met. This also includes regular visitation to elderly Homes and especially for carols and gifts at Christmas. Significant activities The charity is committed and ministering to the needs of the various social and age group within and outside the church, we provide forum for manpower development of its members, equipping them educationally, socially and spiritually. To achieve the above, we organize" a) Sunday school classes every Sunday for various age group b) The single fellowship c) Regular prayer meeb'ngs for those trusting God for children and those of marriageable age preparing for marital life d) The women's group e) The men's group fj The elder's group g) Sunday school Teachers have weekly meetings organized by the teachers Internally, the teachers meet weekly to review the studies for the week from the Sunday school manuals. h) 1st Sunday of every month is always thanksgiving service. Sunday where members and outsiders come in their different nats've costumes to dance rejoice and thank God. Volunteers Mount Zion Church is grateful for the effort of volunteers who are involved In service provision. It is estimated that over 50 volunteers work for the church during the year. FINANCIAL REVIEW Reserves policy The trustees of the charity have a reserves policy. They are conscious of the fact that the charity is not self-financing, so that funds must be available to fall back on in case of financial challenges. In this regard, the Trustees consider that the charity needs to hold reserves equivalent to two months operating expenditures which currently equates to £10,200. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. Page 1
RCCG Mount Zlon Liver ool Ltd ort of the Trustees for the Year Ended 31 Jul 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Recrultment and appointment of new trustees The management of the charity is the responsibility of the trustees who are appointed and co-opted under the terms of the trust deed. Policies adopted for the Inducts'on and Training of Board of Trustees. The induction process for any newly appointed member of the trustees comprises of an initial meeting with the chairman and other trustees where the power and responsibilities of the trustees are also clearly explained. Trustees are also registered for different training events, conferences and seminars, usually organized by the central office of the Redeemed Christian Church of God. Booklets sent by the Charity Commission are also, always circulated to the trustees. This ensures strict compliance to relevant regulakn'on. Organisational structure & declslon making The Church has a spiritual leader in the person of Pastor Solomon Ogah, but the governing of the charity is entirely the responsibility of the Board of Trustees, and is independent and free from any external influence. The Board of trustees meets regularly to manage the affairs of the Church. However, some urgent matters that may need to be attended to after normal meeting are held could be done on phone. There is an Administrative Assistant who manages the day-to-day administration of the Church alongside volunteers. Related parties RCCG Mount Zion, Liverpool is a member of the Redeemed Christian Church of God (RCCG) worldwide which has Parishes all over the United Kingdom (UK). Her (RCCG Mount Zion) relationship with RCCG UK is govemed by an 'Agreement for common purpose, beeen the Parishes and RCCG UK Central office. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 12088484 (England and Wales) Registered Charity number 1205458 Registered office 140-142 Linacre Road Bootle Liverpool Merseyside L218JU Trustees Mrs E E Ogah Director Ms J K Blankson Nurse Ms A A Adebambo Nurse Independent Examlner Corbett & Co Accountsnts Ltd Chartered Certified Accountants 555 Smithdown Road Liverpool Merseyside L155AF Approved by order of the board of trustees on 9 October 2024 and signed on its behalf by: Page 2
RCCG Mount Zion Liver ool Ltd Re ort of the Trustees for the Year Ended 31 Jul 2024 Ms J K Blankson - Trustee Page 3
Inde endent Examiner's Re ort to the Trustees of RCCG Mount Zion Liver ool Ltd Independent examlner's report to the trustees of RCCG Mount Zlon Llverpool Ltd ('the Company) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 July 2024. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independent examlner's statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examinab'on. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practs'ce for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concems and have come across no other matters in connection with the examinat'on to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Corbett & Co Accountants Ltd Corbett & Co Accountants Ltd Chartered Cert'fied Accountants 555 Smithdown Road Liverpool Merseyside L155AF 9 October 2024 Page 4
RCCG Mount Zlon Llver ool Ltd Statement of Flnanclal Actlvltles for the Year Ended 31 Jul 2024 Unrestricted fund ,INCOME AND ENDOWMENTS FROM Donations and legacies Notes 145,792 EXPENDITURE ON Charltable actlvlties Charitable activities 86,450 NET INCOME 59,342 RECONCILIATION OF FUNDS Total funds brought forward (36,932) TOTAL FUNDS CARRIED FORWARD 22,410 The notes form part of these financial statements Page 5
RCCG Mount Zion Liver ool Ltd Balance Sheet 31 Jul 2024 Unrestricted fund Notes FIXED ASSETS Tangible assets CURRENT ASSETS Cash at bank 7,221 16,210 CREDITORS Amounts falling due within one year (1,021) NET CURRENT ASSETS 15,189 TOTAL ASSETS LESS CURRENT LIABILITIES 22,410 NET ASSETS 22,410 FUNDS Unrestricted funds 22,410 TOTAL FUNDS 22,410 The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounb'ng records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 9 October 2024 and were signed on its behalf by: (b) E E Ogah - Trustee
RCCG Mount Zlon Llver ool Ltd Notes to the Financlal Statements for the Year Ended 31 Jul 2024 ACCOUNTING POLICIES Basis of preparlng the financlal statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charltles: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Coinpanies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to parts'cular headings they have been allocated to activities on a basis consistent with he use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting unrestr.cted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted fvnds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when fvnds are raised for parts'cular restricted purposes. Further explanab'on of the nature and purpose of each fund is included in the notes to the financial statements. NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets 1,805 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remunerats'on or other benefits for the year ended 31 JLily 2024. Trustees. expenses There were no trustees, expenses paid for the year ended 31 July 2024. Page 7 continued.
RCCG Mount Zion Liver Notes to the Financial Statements - continued for the Year Ended 31 Jul 2024 ool Ltd TANGIBLE FIXED ASSETS Plant and machinery COST At 1 August 2023 Additions 8,276 2,405 At 31 July 2024 10,681 DEPRECIATION At 1 August 2023 Charge for year 1,655 1,805 At 31 July 2024 3,460 NET BOOK VALUE At 31 July 2024 7,221 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accrued expenses 1,020 1,021 MOVEMENT IN FUNDS Net movement in funds At 31.7.24 At 1.8.23 Unrestricted funds General fund (36,932) 59,342 22,410 TOTAL FUNDS, (36,932) 59,342 22,410 Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 145,792 (86,450) 59,342 TOTAL FUNDS, 145,792 (86,450) 59,342 Page 8 continued..
RCCG Mount Zion Liver Notes to the Financial Statements - continued for the Year Ended 31 Jul 2024 RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 July 2024, ool Ltd Page 9
RCCG Mount Zion Liver ool Ltd Detailed Statement of Financial Actlvltles for the Year Ended 31 Jul 2024 INCOME AND ENDOWMENTS Donations and legacles Gift aid Offerings 19,140 126,652 Total incomlng resources 145,792 145,792 EXPENDITURE Charitable actlvities Wages Charitable donations Telephone Postage and stationery Advertising Sundries Rent Insurance Light & heat Motor & travel costs Repairs & renewals Guest speakers Event & seminar costs Musicians Legal fees Plant and machinery HMRC penalties & interest 4,104 10,908 1,271 3,246 432 49 16,410 409 2,216 2,427 27,594 3,790 9,658 356 648 1,805 (33) 85,290 Support costs Govemance costs Accountancy and legal fees 1,160 Total resources expended 86,450 Net Income 59,342 This page does not form part of the statutory financlal statements Page 10