2022-12-31-accounts - Redeemed Christian Church Of God ('Rccg') Living Spring Centre

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REDEEMED CHRISTIAN CHURCH OF GOD LIVING SPRING CENTRE Report and Financial Statements Year Ended 31ST DECEMBER 2022 Legal and administrative information

Status

Registered charitable organisation since 29 January 2001

Trustees and Management committee

OLUFEMI OLUBANJO Dr FRANCIS OLADIMEJI ADEYEMI OLUDARE OLADIPO CHRISTINE AWOLOTO ALABA AKINDURO

Registered charity number Registered office address Registered email address

1084774

1 Alresford Green , Wickford, SS12 9RB

info@rccglivingspring.org.uk

Registered contact telephone Charity operations address

07877717670

Braemer Avenue Baptist Church N22 7BY

Bankers

TSB Bank

Accountants

AL Accounting Solutions Chartered Certified Accountants 21A Brighton Road South Croydon Surrey CR2 6EA

REDEEMED CHRISTIAN CHURCH OF GOD LIVING SPRING CENTRE Report and Financial Statements Year Ended 31ST DECEMBER 2022

Trustees report

tbc

Responsibilities and basis of preparation of the report

The trustees who are also the management committee of the charity are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the BOARD OF TRUSTEES

………………………………. Pastor Ralphael Olurotimi (Senior Pastor)

Date ……………………………….

REDEEMED CHRISTIAN CHURCH OF GOD LIVING SPRING CENTRE

Report and Financial Statements Year Ended 31ST DECEMBER 2022

Independent Examiner's report to the Trustees

I report to the trustees on my examination of the accounts of the above charity for the above period.

Responsibilities and basis of report:

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement:

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ 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 which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alhassan Bangura FCCA AL Accounting Solutions 21A Brighton Road South Croydon Surrey CR2 6EA

Date.....................................................

REDEEMED CHRISTIAN CHURCH OF GOD

LIVING SPRING CENTRE

Report and Financial Statements

Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31ST DECEMBER 2022

Notes Incoming resources: Voluntary income 1 Gift aid claims receipt Total Incoming resources Resources Expended: 5 Resources expended Net surplus/ (deficit) for the year Opening funds Closing funds	Restricted Unresricted Funds Funds £ £ - 109,324 - 14,465 - 123,789 - 100,491 - 100,491 - 23,298 94,344 357,543 94,344 380,841	Total Funds 2022 £ 109,324 14,465 123,789 100,491 100,491 23,298 451,887 475,185	Total Funds 2021 £ 96,532 12,942
			109,474
			93,251
			93,251
			16,223 435,664
			451,887

REDEEMED CHRISTIAN CHURCH OF GOD

LIVING SPRING CENTRE

Report and Financial Statements

Balance Sheet as at 31ST DECEMBER 2022

		2022		2021
	Notes	£	£	£	£
Fixed assets
Plant & Machinery	2		1,394		1,743
Net Current assets
Debtors & prepayment	3	900		900
Cash at Bank and in Hand		31,442		454,984
		32,342		455,884
Less: Current Liabilities	4	(1,846)		(1,550)
			30,496		454,334
Inter Charity funds			443,295		(4,190)
Net Assets			475,185		451,887
REPRESENTED BY:
Restricted funds			94,344		94,344
Unrestricted funds			380,841		357,543
			475,185		451,887
Signed on behalf of the BOARD OF TRUSTEES

………………………………. Date ………………………………. Pastor Ralphael Olurotimi (Senior Pastor)

REDEEMED CHRISTIAN CHURCH OF GOD LIVING SPRING CENTRE Report and Financial Statements Notes forming part of the financial statements for the year ended 31ST DECEMBER 2022

1. Accounting policies

a) The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

b) Voluntary income is received by the way of donations towards religious tithes and offerings. Donations received is included in full in the Statement of Financial Activities in the year in which they are received.

c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

Plant & Machinery 20%

e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds.

f) Restricted funds are to be used for specific purposes as laid down by the donor.

2. Tangible Fixed Assets Cost: As at 1 January 2022 As at 31 December 2022 Depreciation: As at 1 January 2022 Charge As at 31 December 2022 Net Book Value: As at 31 December 2022 As at 1 January 2022	Plant & Machinery 59,497 59,497 57,754 349 58,103 1,394 1,743	Total £ 59,497
		59,497
		57,754 349
		58,103
		1,394
		1,743

REDEEMED CHRISTIAN CHURCH OF GOD LIVING SPRING CENTRE Report and Financial Statements Notes forming part of the financial statements for the year ended 31ST DECEMBER 2022

3. Debtors & Prepayments Rent deposit 4. Current Liabilities Accruals Pensions 5. Total Resources Expended RCCG WEM & Central Office cost Honararium, Donations & members welfare Events & Outreach Cost Church Salaries & Staff Cost Church Pension cost Rent, Rates & Water Telephone & Internet Bank Charges & Interest Sundry Expenses Legal & Professional Fees Accountancy Fees Depreciation Total	Unrestricted Funds £ 17,800 7,660 8,938 37,734 1,023 23,505 255 420 - - 2,807 349 100,491	2022 £ 900 900 1,260 586 1,846 2022 Total £ 17,800 7,660 8,938 37,734 1,023 23,505 255 420 - - 2,807 349 100,491	2021 £ 900
			900
			1,140 410
			1,550
			2021 Total £ 18,695 8,430 8,600 35,360 1,108 15,434 236 584 803 2,029 1,536 436
			93,251

Registered Charity No: 1084774

REDEEMED CHRISTIAN CHURCH OF GOD LIVING SPRING CENTRE

Report and Financial Statements Year ended: 31ST DECEMBER 2022

AL Accounting Solutions Chartered Certified Accountants

21A Brighton Road South Croydon Surrey CR2 6EA