Charity number: 1084575
REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF
RESTORATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
CONTENTS
Page
Reference and administrative details of the Charity. its Trustees and advisers
Trustees. report
Independent examlner's report
Statement of financial activities
Balance sheet
10
Statoment of cash flows
Notes to the financial statements
12-28

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2023
General Overseer
Pastor E A Adeboye
Trustees
Mr O Olatunbosun
MrAAOjo
Dr A Obisesan
Ms S Onibuje
Minister In Charge
Pastor A A Ojo
Charity registered
number
1084575
Principal office
46 Hollywood Way
Erith
Kent
DA8 2QE
Accountants
AdeKay & Co Limited
Chartered Certified Accounlanls
6 Medcalf Road
Enfield
EN3 6HL
Bankers
Barclays Bank PIC
737 Barking Road
Plaislow
London
E139PL
Page 1

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustee present their annual report together with the financial statements of Redeemed Christian Church of
God I'RCCG'I Place of Restoration (the charity) for the year ended 31 December 2023. The Trustees confim)
that the annual report and financial statements of the charity have bèen prepared in accordance with the
accounting policies sel out in note 2 to the accounts and comply with the charity's trust deed, the Charities Act
2011 and Aceounling and Reporting by Charities." S18temènt of Recommend Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting S18ndard applicable in the UK and Republic
of Ireland IFRS 1021 l effective 1January 20191.
Objectives and activities
a. Polieies and objectives
The objects of the Charity are".
The advancement of the Christian faith worldwide," and
The relief of poverty.
Our primary objective is to seek the advancement of Christian religion in accordance with preaching of the faith
of the eady Apostles and Whe￿Ver possible, educate people using the word of God as our guide.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidanee
published by the Charity Commission relating to public benefit, including the guidance 'Public benefit". running
charity IPB21'.
b. Strategies for achieving objeetives
The church has adopted the following strategies for achieving the above objectives".
org8nisation of seminars in the church with proven speakers and ministers of the faith lo guide members
in the various aspects of the Christian faith," and
support for other ch8rilies and Christian events
Planting of ehurches and
Organise, seminars, training and workshops within the Community.
We 81so engage in activities that advanee the prevention and relief of povety through community 8Ctivities that
help to provide needed education and skills to make income for our beneficiaries. We provide trainings in craft
and tailoring for women and young girls and, music and phologophy training for young people. For those out of
Wotk or unemployable, we organise tminings on interview techniques, workplace etiquettes, CV writing amongst
others.
c. Public Benefit Statement
The Board of Trustees confirm that they have met their duties in strict compliance with the provisions of section 4
and 17 of the Charities Act 2011, and have due regards to the Charity Commission's geneml guidance on public
benefit. Particular consideration has been given lo the Charity Commission's supplementary public guidance
provisions on the advaneement of religion for public benefit
d. Volunteers
The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, il is
estimated that over 2,400 volunteer hours were provided during the year. If this is eonservatively valued at
£10.00 an hour the volunteer effort amounts lo over £24,000.
Page 2

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Objectives and activities leontinuedl
e. Main activities undertaken to further the Charity's purposes for the public benefit
The mission of the chU￿h is lo worship God as il celebrates ils diversity according lo the teachings of Jesus
Christ. Through social ministry, prayer, and p8Storal care we will express God's kingdom of love. We 81so
engage in community developments through transfer of knowledge and skills lo beneficiaries.
Page 3

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Achievements and performance
a. Main achievements of the Charity
We run Sunday church services and midweek bible study and prayer meetings lo enable beneficiaries connect to
God and experience the love of God. Our setviees".
Ensure our parishioners experience increased awareness of God's presence and to celebrate God's love.
help people to learn and grow as Christians, through mutual support and ca￿", and
be 8 good neighbour lo people in need and challenge injustice.
The Charity s community project, Craft and Tailor trainings did not hold during the year 2023. However, the
charity conb'nues lo provide virtual support to the trainees that requested for it.
The charity supplied Christmas hampers to over 50 families in the community during the Christmas festive
period. This is to provide support to hèlp families on low income have a decent Christmas meal.
The charity collected used clothes which were shipped to less previledged families who are in need of them.
b. Review of activities
During the year under review, the Chuffh was of benefit lo its congregation and its local Community both
spiritU811y and to 8 limited extent, financially. Apart from the regular weekly church services 8nd prayer meetings,
the church organised seminars, training, and workshops to address issues relating to health and financial
m8n8gements. The Charity is conlenl with the benefits of its activities to the beneficiaries and will continue with
the 8clivities in the coming year.
Page 4

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Financial review
a. Going eoneem
After making appropriate enquiries, the Trustees have 8 reasonable expectation that the Charity has adequate
resources to continue in operational existence for the foreseeable futu￿. For this reason, they continue lo adopt
the going Concern basis in preparing thè financial stalemenls. Further details regarding the adoption of the going
COn￿M basis can be found in the accounting policies.
b. Reserves policy
The Trustees have esL9blished a policy whereby the unrestricted funds not commilled or invested in tangible
fixed assets I'lhe free reserves'l held by the church should be 3 months of average annual expenditure. Al this
level, the Trustees holds the view that they would be able to continue the current activities of the church in the
event of a significant drop in funding.
Structure, govemance and management
a. Constitution
Redeemed Christ18n Church of God -The Place of Restorab'on is a registered charity, number 1084575, and is
constituted under a Trust deed dated 27th October 2000.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
c. Organisational structure and deeision-making policies
The church is organised so that the trustees meet regularly to manage its affairs. The day lo day 8dministralion
of the church is managed by the trustees.
d. Policies adopted for the induction and training of Trustees
Most trustees are already familiar with the activities of the charity as they are drawn from members who have the
skill sel to offer and empathy with our core values. Newly elected Iruslees are encouraged to attend a series of
training sessions led by the Chair.
The Courses allended equip the Iruslees with skills lo earry out their duties as Iruslees. The training enables
them to understand".
Their obligation as Iruslees.
The importance of the main documents which sel out the operational framework for the charity including
the trust deed.
The control of resources and current financial position using the management accounts.
Their responsibility for the slatulory accounts.
How to translate future plans and objectives into budgets and plans.
Use of budgetary control.
During induction, they meet other trustees. As part of the induction training, they are encouraged lo attend
appropriate external events where these will facilitate the undertaking of their role.
Page 5

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Structure, govemance and management Icontinuedl
e. Related party relationships
The Place of Restoration is a member of the Redeemed Christian Church of God IRCCGI which has parishes all
over the wodd. The parish's relationship with RCCG and other parishes is governed by an 'Agreement for
Common Purposes,.
Under the Common Purposes Agreement (see abovel, The Place of Restoration has agreed lo make an annual
contribution to RCCG IUKI. In addition, the church supports missionary organisalions such as Festival of Life
and World Evangelism Mission. The church also provides support to members of the congregation lat the
discretion of the Irusteesl who are in need.
f. Financial risk management
The Trustees have assessed the major risks lo which the Charity is exposed, in p8rbcu18r those ￿lated lo the
operations and finances of the Charity, and are satisfied that systems and procedures are in place lo mitigate
exposu￿ to the major risks.
Plans for future periods
The church Continues lo explore various ways of spreading the gospel of Christ in an effective manner.
The eharily is also looking to grow in membership and continue to develop its members to make life changing
impact in society.
In addition to the Craft and Tailor It project, the charity intènds to18unch a new project called Imagination.
The main objective of im8ginalion is to help develop digital skills for young people in 8re8 of photography and
help move them away from anti-social behaviour in the community by making them responsible members of the
community-
Members. liability
The Members of the Charity guar8nlee to contribute an 8mounl not exceeding £1 to the assets of the Charity in
the event of winding up.
Page 6

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Acceptèd Accounting
Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the stale of affairs of the Charity and of its incoming resources
and application of resources, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are reqUI￿d to".
select suitable accounting policies and then apply them consistently.,
observe the methods and principles of the Charities SORP IFRS 1021",
make judgments and accounting estimates that are reasonable and prudent",
stale whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material
departures disclosed and explained in the financial stalemenls.,
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 adequate accounting records that are sufficient lo show and explain
the Charity's transactions and disclose with reasonable accuracy al any time the financial position of the Charity
and enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. 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.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Dr A O Obisesan
Trustee
Dale.. 4 November 2024
Page 7

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
Independent examiner's report to the Trustees of Redeemed Christian Church of God -The Place
of Restoration {'the Charity'l
report lo the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2023.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the
requirements of the Charities Act 2011 I'the 2011 ACVI.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and
in carrying out my examination I have followed the applicable Directions given by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent examinerfs statement
Your allenlion is drawn lo the fact that the Charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in
Preferen￿ lo the Accounting and Reporting by Charities.. Statement of Recommended Practice issued on 1 April
2005 which is referred to in the exlanl regulations bul has been withdrawn.
l understand that this has been done in order for the aceounls lo provide a true and fair view in accordanee with
the Genefftlly Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no mallers have come lo my allenlion in connection with the
examination giving me cause lo believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act," or
the accounts do not accord with those records., or
the accounts do not comply with the applicable requirements conceming the form and content of
accounts set out in the Charities (Accounts and Reports) Regu18tions 2008 other than any requirement
that the accounts give a 'true and f81¢ view which is not a matter considered as part of an independent
examination.
I have no concerns and have Come across no other matters in connection with the examination to whieh
attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale to the Charity's
Trustees those matters l am required to slate to them in an independent examinerfs report and for no other
purpose. To the fullest exlenl permitted by law, I do not a¢￿p1 or assume responsibility lo anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
Adegboyega Adesigbin FCCA
AdeKay & Co Limited
Chartered Certified Accountants
6 Med¢alf Road
Enfield
EN3 6HL
Dated.. 4 November 2024
ACCA
Page 8

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Total
funds
2022
Note
Income from:
Donations and legacies
Investments
Other income
6,100
48,375
103
54,475
103
29,945
374
Total income
6,100
48,478
54,578
30,319
Exponditure on:
Charitable activities
53,201
53,201
27,813
Total expenditure
53,201
53,201
27,813
Net movement in funds
6,100
14.7231
1,377
2,506
Reconciliation of funds:
Totsl funds brought forward
Nel movement in funds
18,028
6,100
3,363
14,7231
21,391
1,377
18,885
2,506
Total funds carried forward
24,128
11.3601
22,768
21,391
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 28 form part of these financial statements.
Page 9

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Note
Fixed assets
Tangible assets
3,836
4, 735
3.836
4, 735
Current assets
Debtors
Cash al bank and in hand
12
2,841
18.441
3,009
15,217
21,282
18,226
Creditors.. amounts falling due within one
year
12,350)
(1,570)
Net current assets
18.932
76,656
Total assets less current liabilities
22,768
21,391
Net assets excluding pension asset
22,768
21,391
Total net assets
22.768
21,391
Charlty funds
Reslricled funds
Unrestricted fvjnds
14
24,128
11.3601
18,028
3,363
14
Total funds
22,768
21,391
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
OrA O Obisesan
Trustee
Dale." 4 November 2024
MrAAOjo
Trustee
The notes on pages 12 to 28 form part of these financial statements.
Page 10

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Cash flows from operatlng actlvltles
Nel cash used in operating activities
5.490
4,607
Cash flows from Investlng actlvltles
Interests from Investments
Purchase of tangible fixed assets
{104}
12.162}
(7, 703)
Net cash used in investing activities
12,266}
17,1031
Cash flows from financing activities
Net cash provided by financing activities
Change In cash and cash equlvalents In the year
Cash and cash equivalents at the beginning of the year
3,224
12,4961
15.217
17,713
Cash and cash equivalents at the end ofthe year
18.441
15,21T
The notes on pages 12 to 28 form part of these financial statements
Page11

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
General information
Redeemed Christian Church of God The Place of Resloralion , charity number 1084575, is a Charity
trust established by a declaration of Trust Deed dated 27th October 2000. The office address is
46,Hollywood Way, Erilh Kent DA8 2QE.
Accounting policies
2.1 Basis of preparation of financial ststements
The financial statements have been prepared in accordance with the Charities SORP IFRS 1021
Accounting and Reporting by Charities". Statement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 JanLJary 20191, the Financial Reporting Standard
appIl￿ble In the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair, view. This departLJre has involved following the Charities SORP IFRS 1021 PLJblished in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practice effective from 1 April 2005 which has since been withdrawn.
Redeemed Christian Church of God -The Place of Resloralion meets the definition of a public benefit
entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction
value unless otherwise staled in the relevant accounting policy.
2.2 Going concern
The trustees consider that there are no material Ljncertainties about the charity's ability to continLJe as
a going concern. The trLJStees do not consider that there are any sources of estimation Ljncertainity at
the reporting date that have a significant risk of causing a material adiustmenl lo the carrying
amounts of assets and liabilities within the next reporting period.
2.3 Income
All income is recognised once the Charity has entillemenl to the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income lax recoverable in relation to donations received under Gift Aid or deeds of covenant is
recognised at the lime of the donation.
Other income is recognised in the period in which il is receivable and to the extent the goods have
been provided or on completion of the servi￿.
Page 12

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, it is probable that a transfer of economic benefits will be required in selllemenl and
the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not allributable lo a single activity are apportioned belMeen those activities on a basis consislenl with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on diredy undertaking the activities which further the
Charity's
objectives
as
well
as
any
associated
support
costs.
Support costs are those costs incurred directly in support of expenditure on the objects of the church
and include project management carried out at Headquarters. G0Veman￿ costs are those incurred
in connection with administration of the church and compliance with conslitulional and stalulory
requirements.
Grants payable are charged in the year when the offer is made eX￿pt in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a
commitment, bul not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tangible fixed asset into its intended working condition should be
included in the measurement of cost.
Al each reporting dale the Charity assesses whether there is any indication of impairment. If such
indication exists, the recoverable amount of the asset is determined lo be the higher of its fair value
less costs to sell and ils value in use. An impairment loss is recognised where the carrying amount
eX￿edS the recoverable amount.
Page 13

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
2.6 Tangible fixed assets and depreciation Icontinuedl
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their eslimaled useful lives,
Depreciation is provided on the following basis..
Music & church equipment
Motor vehicles
Fixtures and fillings
offi￿ equipment
Computer equipment
33.33QA straight line
25.OOQ/o reducing balan
12.50Q/o straight line
25.OOQ/o reducing balan
33.33Qh straight line
2.7 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balance sheet dale as a result of a past
event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount
of the selllement can be eslimaled reliably.
Liabilities are recognised at the amount that the Charity anlicipales il will pay lo sellle the debt or the
amount il has received as advanced payments for the goods or services it musl provide.
Provisions are measured at the best estimate of the amounts required lo sellle the obligation. Where
the effect of the lime value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rale that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the statement of financial activities as a finance cost.
2.10 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their selllemenl value with the ex￿ptIOn of bank loans which are subsequently
measured al amortised cost using the effective interest method.
2.11 Operating leases
Rentals paid under operating leases are charged lo the statement of financial activities on a straight
line basis over the lease lemi.
Page 14

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies Icontinuedl
2.12 Fund accounting
General funds are unreslricled funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted funds are fvnds which are to be used in accordan￿ with specific reslriclions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Investment income, gains and losses are allocated to the appropriate fvnd.
Income from donations and legacies
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Donations
Offerings
Tithe
Gift Aid
Similar Incomlng resources
Building Fund
12,873
25,864
9,638
12,873
25,864
9,638
6,100
6.100
Subtotal detailed disclosure
6,100
48,375
54,475
Total 2023
6,100
48,375
54,475
Unrestricted
funds
2022
Total
funds
2022
Donations
Offerings
Tithe
Gift Aid
6,025
16,896
7,024
6,025
76,896
7,024
Subtotal detailed disclosure
29,945
29,945
Page 15

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from donations and legacies (continued)
Unrestricted
funds
2022
Total
funds
2022
Total 2022
29,945
29,945
Investment income
Unrestricted
funds
2023
Total
funds
2023
Total
funds
2022
Bank interest receivable
103
103
Other incoming resources
Total
funds
2023
Unrestricted
funds
2022
Total
funds
2022
Other incoming resources
374
374
Page 16

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of grants
Grants to
Institutions
2023
Total
funds
2023
Missions
6,980
6,980
Grants to
Institutions
2022
Total
funds
2022
Missions
3,678
3,678
The Charity has made the following material grants to institutions during the year..
2023
2022
Name of institution
COF Fund
600
750
Festival of Life
WEM
420
420
1.710
2,000
1,800
Camp Ground Fund
4,730
2,970
other grants lo inslilulions
2.250
708
6,980
3,678
Page 17

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2023
Total
2023
Advancement of Christian faith
Missions and charitable don8tions
46,221
6,980
46,221
6,980
53,201
53,201
Unrestricted
funds
2022
Total
2022
Advancement of Christian faith
Missions and charitable donations
24,135
3,678
24,735
3,678
27,813
27,813
Summary by expenditure type
Depreciation Other costs
2023
2023
Total
2023
Advancement of Christian faith
3,062
43,159
6,980
46,221
6,980
Missions and charitable donations
3,062
50,139
53,201
Depreciation
2022
Other costs
2022
Total
2022
Advancement of Christian faith
Missions and charitable donations
2,546
21,589
3,678
24,135
3,678
2,546
25,267
27,813
Page 18

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure on charitable activities Icontinuedl
Summary by expenditure type {continued)
Analysis of expenditure by activities
Grant
funding of
activities
2023
Support
costs
2023
Total
funds
2023
Direct costs
2023
Advancement of Christian faith
Missions and charitable donations
25,647
20,574
46,221
6,980
6,980
25,647
6,980
20,574
53.201
G￿nt
funding of
activities
2022
Support
costs
2022
Tot81
funds
2022
Direct costs
2022
Advancement of Christian faith
Missions and charitable donations
12,904
11,231
24,735
3,678
3,678
12,904
3,678
11,231
27,813
Page 19

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure by activities Icontinuedl
Analysis of direct costs
Advanceme
ntof
Christian
faith
2023
Total
funds
2023
Visiting speakers expenses
Hall Rental
Training (Music & Mission I
Conference and seminars
Muscial Equipment
Mission Work Support
3,625
6,356
7,000
3,366
3,259
2,041
3,625
6,356
7,000
3,366
3,259
2,041
25,647
25,647
Advancemen
t of Christian
faith
2022
Total
funds
2022
Visiting speakers expenses
Hall Rental
Training (Music & Mission)
CTI Project- Sewing Machine
1,098
5,096
6,560
150
1,098
5,096
6,560
150
12,904
72,904
Page 20

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure by activities Icontinuedl
Analysis of support costs
Advanceme
ntof
Christian
faith
2023
Total
funds
2023
Depreciation
Dues and subscription
Ministry expenses
Printing, postages & stationery
Transport and travel
3,062
444
3,062
444
1,090
712
1,692
1,090
712
1,692
r li
Gifts and donations
2,125
702
2,125
702
Ministry expenes
Insuran
Hospilalily
IT Consumables
Telephone
Church Group
Community Engagement
Instrumenlalisl
Governance costs
417
3,398
1,670
240
422
3,400
650
417
3,398
1,670
240
422
3,400
650
550
550
20,574
20,574
Page 21

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Analysis of expenditure by activities Icontinuedl
Analysis of support costs Icontinuedl
Advancemen
t of christian
faith
2022
Total
funds
2022
Depreciation
Dues and subscription
Ministry expenses
Printing, postages & stationery
Transport and travel
Gifts and donations
Celebrations
Insuran
Repairs and maintenance
Hospitality
IT Consumables
Exp type 27
Exp type 28
Governance costs
2,546
596
2,546
596
322
282
287
761
322
282
287
761
1,270
376
60
800
1,270
376
60
800
158
158
655
655
2,568
2,568
li
550
550
11,231
11,231
Independent examiner's remuneration
2023
2022
Fees payable lo the Charity's independent examiner for the independent
examination of the Charity's annual accounts
550
550
10.
Trustees. remuneratlon and expenses
During the year, no Trustees re￿iVed any remuneration or other benefits {2022- £NIL).
During the year ended 31 December 2023, no Trustee expenses have been incurred (2022- £NIL).
Page 22

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF
RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11. Tangible fixed assets
Music and
church
equipment
Motor Fixtures and
vehicles
fittings
Office
equipment
Computer
equipment
Total
Cost or valuation
At 1 January 2023
Additions
20,753
1.292
10,575
1,103
1,172
320
6,219
550
39,822
2,162
At 31 December 2023
22.045
10.575
1.103
1.492
6.769
41,984
Depreciation
At 1 January 2023
Charge for the year
16.382
2,616
10,575
1,103
1,172
80
5.854
366
35,086
3,062
At 31 December 2023
18.998
10,575
1,103
1,252
6,220
38,148
Net book value
At 31 December 2023
3,047
240
549
3,836
At 31 De￿mber 2022
4.310
365
4, 735
Page 23

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
12. Debtors
2023
2022
Due within one year
Gift Aid re￿1vable
2.841
3,009
2,841
3,009
13.
Creditors: Amounts falling due within one year
2023
2022
Accruals
2,350
1,570
Page 24

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14. Statement of funds
statement of funds - current year
Balance at
31
December
2023
Balance at 1
January
2023
Income Expenditure
Unrestricted funds
General Funds 1
3.363
48,478
{53.201}
11.3601
Restrlcted funds
Restricted Fund 1
18.028
6.100
24.128
Total of funds
21.391
54,578
{53.201}
22,768
Page 25

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
14. Statement of funds (continued)
statement of funds - prior year
Balance at
31
December
2022
5alance al
l January
2022
Income Exp8nditure
Unrestricted funds
General Funds 1
857
30,319
(27,813J
3,363
Restrlcted funds
Restricted Fund 1
18,028
18,028
Total of funds
18,885
30,319
(27,813)
21,391
15. Summary offunds
Summary offunds - current year
Balance at
31
December
2023
Balance at 1
January
2023
Income Expendlture
General funds
Reslricled funds
3.363
18.028
48.478
6,100
{53.201}
11.3601
24,128
21,391
54,578
153,201)
22,768
Page 26

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. Summary of funds Icontinuedl
Summary of funds - prior year
Balance at
31
December
2022
5alance al
l January
2022
Income Exp8nditure
General funds
Reslricled funds
857
30,319
{27,813J
3,363
18,028
18,028
18,885
30,319
{27,813J
21,391
16.
Anatysis of net assets between funds
Anatysis of net assets between funds - current year
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
3,836
12,8461
12,3501
3,836
21,282
12.3501
24,128
Total
24,128
11,3601
22,768
Analysis of net assets between funds - prior year
Restricted Unrestricted
funds
funds
2022
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors due within one year
4, 735
198
(1,570)
4, 735
18,226
(1,570)
18,028
Totsl
18,028
3,363
21,391
Page 27

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17.
Reconciliation of net movement in funds to net cash flow from operating activities
2023
2022
Nel income for the year las per Statement of Financial Acliviliesl
1,377
2,506
Adjustments for:
Depreciation charges
Investment income
3,062
103
2,546
Decreasellincreasel in debtors
Increase in creditors
168
(1,465)
1,020
780
Net cash provlded by operatlng actlvltles
5,490
4,607
18.
Anatysis of cash and Cash equivalents
2023
2022
Cash in hand
18.441
15,217
Total cash and cash equlvalents
18,441
15,217
19.
Analysis of changes in net debt
At1
January
2023 Cash flows
At31
December
2023
Cash at bank and in hand
15,217
3,224
18,441
15,217
3.224
18,441
Page 28