## **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
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## **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 ……………………………….
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## **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.....................................................
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## **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|
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## **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)
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**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|
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## **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|
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**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