CHARTTY NUMBER: 1085049
RCCG M'ATER OF LIFE SANCTUARY
RECEIPTS AND PAYMENTS ACCOUNTS
FOR THE FINAIYCIAL YEAR ENDING 31ST DECEMBER 2023

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG), WATER OF LIFE SANCTUARY
CONTENTS OF THE ACCOUNTS
FOR THE PERIOD ENDED 31ST DECEMBER 2023
Page
Report of the Trustees
Independent Exavniner's Report
Income And Expenditure Account
Balance Sheet
Notes to the accounts
8-10

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG), WATER OF LIFE SANCTUARY
REPORT OF THE TRUSTEES
FOR THE PERIOD ENDED 31ST DECEMBER 2023
The trnstee presents their report with the financial statements of the Charity for Ihe year ended 31 ST December
2023. The trustees have adopted the provisions of the slalemenl of recommended practice {SORP) Accounting
and Reporting by chan.lies issued in 2005.
REGISTERED CHARITY NUMBER
1085049
CHARtTY'S PIUNCIPAL ADDRESS
Kings C.entre
St Christopher Lodge
Simpson
Milton Keynes
MK6 3AL
NAMES OF THE CHARITY TRUSTEE
Adekunle Solaru
Segun Omole
Keji Aruna
BANKERS
HSBC
207 Queensway
Bletchlcy
Milton Keynes
Natwest Bank
Queensway
Bletchley
Milion Keynes
INDEPENDENT EXAMINER
Abiodun Bamgbala
FCCA
272 Countess way
Broughton
Milton Keynes
MKIO 7EW

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG), WATER OF LIFE SANCTUARY
REPORT OF THE TRUSTEES
FOR THE PERIOD ENDED 31ST DECEMBER 2023
STRUCTURE, C.OVERIYANCE AND ￿lANAC.EmNET
The Charity- M'ater of Life Sanctuarv (WOLS)
Water of Life Sanctuary is a member of the Redeemed Christian Church of God (RCCG). which has Parishes all
over the world. The relationship between RCCG and w8￿r of Life Sanctuary is governed by an "Agreement for
Common Purpose" dated I I, June 2001. The Charity. Water of Life Sancmary (WOLS) is constituted as a
"Trust" and governed by a "Trnsi Deed" dated I I, June 2001.
Objectives and actiTrryties
The advancement of the Christian faith worldwide in accordance with the doctrines set out in the
statement of faiih and-
The relief of poNerty
Grant Making policies
Under the "Agreement for common purpose", Water of Life Sanctuary has agreed to make regular contributions
to the World Evangelism Mission through RCCG, UK: support missionary organisations such as Festival of
Life, African Mission, Good Women's fellowship, Annual Convention held at the International Headquarter,
including, other obligations as agreed.
Governance
The Trust is governed by Trustees. who are appointed under the terms of the trust deed. The Trustees attend
Iraining regularly to dei'elop and enhance their knowledge. In addition, bulletins and other knowledge-based
Tesource5 regularly forwarded to the trnst by the Charity Commission also serve as updates regarding their
assignment as trnstees.
Structure
The Spiritual aqpccl Df the church ]% handled by the PaTish PL%tor. The Tru.%tccs cxcrci8e thc day tts day
ovcr4ighi of thc running of the church. In addition, the tru%tcc% Tneet r¢gulaTly to r¢vi¢w th¢ op¢rations of the
church and also make decisions on majoT i%%ues affeeting the church.
The LhurLh is organised into ￿0upS of" men, women, youth and children for administrative convenience.
effectiveness, and to ensure that the needs of each group are adequately met.
Risk Trlanagement
The Iruslees perfomi the duty of safeguarding the charity against major risks, by reviewing the operations I
procedures of the charity's activities regularly. and by putting adequate controls in place to safeguard the assets
of the charity.
Volunteers
The charity enjoys the services of various volunteers. who contributed enormously in various areas of service
provision, development and implementation of the church's vision. The &olunteers are encouraged to attend
various training and deTr'elopment programmes organised by the charity and other organisations.
During the year, more volunteers joined the work force to help run the charity and make it more effective in
discharging its charitable obligations, especially, lo its community.

RF.DF.F.IILD C.IIRI.STIAli CIIURCII ()F C-C)D IRCCG). IIATF.R C)F I.IFF. SANCTUARY
RF.P()RT OF TIIF, TRliSTTr".F.S
FOR THE PTr.RIC)I) ENI l)Tr"D .11ST DF.CF.111BF.R 2023
Achi¢i'ement and Per(orm*nce 2023
Food Bank - Wc havc bccn able lo mainlain our lcvcl of wclfarc within thc charity. and local
conirnunity on quartcrly basis.
AHAVA Confcrcncc. our main annual praycrlspiritual cvcnt
Sponsor5hip/Adoption olchildrcn with thc Inlcrnational Charity, World Vision
4. On-linc Youth Club Project
Financial Revlcw
Re$enes policy
At Ihe end of the fmancial year. the tntst bolds total cash at Bank of £7 J64 all which are unrestricted funds.
£5,842 is held in Building fund Account and £1.522 10 meet the day to day running of the Church.
Principal funding sources
The charity's main source of fimd this year has been through voluntsry donation5 from mcmbcr5.
Future Development 2024
l. As part of our commitment to tackling food poverty. and in light of the contTnuing relevance. and
depcndcncc on food bank, the charity plans to ¢xpand its scope of operation. Subject to availability of
funds, the charity plans to seek and train morc volunteers for its own scheme but will continue to
collaborate with mor¢ Charities in the community concerning food povcty.
2. Thc charity will continue to donate and partner with World Vision. and the World Evangelical Mission
of the RCCG (WEM) Charity. However. we intend io partner with more International Charities
dedicated towariLs the education, health, and the general well-being of children, especially in war
ravagcd areas of the world.
3. The charity plans to continue lo develop it's online Youth Club Proj¢¢L
Oh, BEHALF OF THE CHARITY
Trnsttt
OLKJ
GKJ trl O￿ADLc
Truslec
Date:
3q IQ IOILk

RTr".l)F.Tr.IIfr".D C.'IIHlSiTIAN CIIIIRCII C)F (-()I) (Rcfcfftl, WATTr.R ()F I.IFTr: SANCTUAR Y
Il%I)F.I'F.￿D￿"yl I. F.NAiIIINER'S Rb.P()R'T
Tr"()K I-IIF. PF.RIOI) F.NDTr".D.IIST I)ECEI¥IIITr.R 21123
I report on thc Accounts olihe chArity for the yeAr cnded 31 December 2023. get oul in pages 6 tt) 10
Respcct51'e Respon51bility of Trusteej exomlner
The charity's Irustccs are rcsponsibl¢ lor th¢ prcparalion of the accounts. Thc ¢harity'S tnjslccs considcr that an
audit l5 not rcquircd for this year undcr scction 43(2) of thc Charilics Act 1993 (the 1993 Act) #nd that an
indcpend¢nt examination is nccdcd.
li is my rcsponsibility lo:
Examine the accounts under section 43 ofthe 1993 Ac4
To follo￿ the proccdures12id dowm in the gencrni Dir¢¢tions given by the Charity CommissioD (under section
43{7)(b) of the 1993 ACL and
To stale whether particular matters bave come to my attentioD.
B*5l5 of Independent ex*mitter's Report
My examination was carried out in accordance with g¢n￿￿ Directions given by thc Ch￿lty Commissioners. An
examinalion includes a review of the accounting records kept by the charity and a comparison of the accounts
prcscnicd with thos¢ rccords. li also includes considcration of any unusual ilcms or disclosurcs in thc accounts.
and seeking explanations from the InJst¢es concerning any such matters. The procedure5 undertaken do nol
provtde all the evidence that would be required iti an audit. and consquenily I do not expr￿5 an audit opinion on
the view given by the accounts.
Independent eIaminer's $tAtement
In connection with my examination. no matter has Come to my attention:
which give5 mc reasonable cause to believe that In. any material respec( the requiremcnts:
to keep accounting rccords in a￿ordanCe with scclion 41 of the 1993 Act. and
to prepare accounts which accord with the accounting records and comply with the accounting
requircments of the 1993 Act have not been met ' or
2. To which. in my opinion. attenlion should be drawn in order to enable a proper understanding of the accounts
to bc reacbed.
ame & address of independent examiner
Abiodun Bamgbala
FCCA
272 Countess way
Broughion
Milton Keynes
NIKIO 7EW
cJL4

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG), WATER OF LIFE SANCTUARY
INCOME AND EXPENDITURE ACCOUNT
FOR THE PERIOD ENDED 31ST DECEMBER 2023
Unrestrictcd
Funds
Rc5trictcd
Fund5
Total
2023
Total
2022
Notes
INCOMING RESOURCES
Incorning resources from generated fimds
- Voluntary income
- Investment income
Total incoming rcsourccs
54.468
54,468
45,001
54,468
54,468
45,001
RESOURCES EXPENDED
Charitable activities {Sllppor( cost)
Governance costs
Total resources expended
44,851
44,851
38,544
44,851
44,851
38,544
Net incomel(expenditure)
9,617
9,617
6,457
TRANSFERS
Gross transfers belween funds
Net movement in funds
9.617
9,617
6,457
Funds at l January 2023
264.245
264,245
257,789
Funds at 31 December 2023
273,862
273,862
264,245
The charity has no reco￿lsed gains or losses other than those deali with in the statement of fmancial
activities.

REDEEMED CHRISTIA￿ CHURCH OF GOD (RCCG), WATER OF LIFE SANCTUARY
BALANCE SHEET
AS AT 31ST DECEMBER 2023
Total
2023
Total
2022
Notes
FIXED ASSETS
Tangible assets
Investments
389,072
396,910
389,072
396,910
CURRENT ASSETS
Debtors & Prepayments
Cash at bank
24,110
7,364
31,474
17,843
20,360
CREDITORS
Amounts due within one year
20,867
10,606
11,865
8,495
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
399,678
405,405
CREDITORS
Amounts due after more than one year
io
125,817
273.862
141,160
264,245
TOTAL NET ASSETS
RESERN'ES
Unrestricted ￿ndS
Surplus Current Year
264,245
9,617
273,862
257,789
6,457
264,245
These financial statements were approved by the Board of Trustees on 291h Oct, 2024
The llot¢s on pag¢5 8 to 10 foTtn part of th¢se financial statevnents.

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG). M'ATER OF LIFE SANCTUARY
NOTES TO THE ACCOUNT
FOR THE PERIOD ENDED 31ST DECEMBER 2023
l. Incoming resources from voluntary
ineomL'
UDrc5tricted
Funds
Re5trictcd
Fund5
Total
2023
Total
2022
Tithe
Offering
Thankings
Building
Special offering & Donation
Gift Aid
11,365
12,841
2.385
400
21,210
6.267
54,468
11,365
12,841
2,385
400
21,210
6,267
54,468
20,518
12,351
3,095
240
2,498
6,300
45,001
2. Support Costs
Unrestricted
Funds
Restrieted
Funds
Total
2023
Total
2022
Salary
Tax
Employer Pension
Rcmiitt2ncc 10 Central Officc
Honourarium
Outreach Work
Transport, Travel & Fuel costs
Utilities
Building - repairs & maintenance
Telephone
Youth - Dcstiny for Grcatn¢ss
Bank Interest Paid
Insurance
Welfare
General Expenses
Depreciation
10.924
10,924
10.773
1,132
4,595
1,132
4,595
1,077
3,550
690
690
420
3,524
467
1,032
180
11,992
2,217
3,524
467
1,032
180
11,992
2,217
-1,701
3,762
861
1.160
8,136
2,115
260
7,838
44,851
260
7,838
44,851
554
7,838
38,544

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG). WATER OF LIFE SANCTUARY
NOTES TO THE ACCOUNT
FOR THE PERIOD ENDED 31ST DECEMBER 2023
3. Fixed Assets
Building
Motor
Vehicle
Fixtures
Churchl
office
equipment
Total
ritting5
COST
At I st January 2023
Additions
478,507
12,516
11,366
17,356
519.745
Disposal
At 3 1st December 2023
478,507
12,516
11,366
17,356
519,745
DEPRECIATION
At l%t January 2023
Charge
Disposal
At 3 1st December 2023
84,435
7.838
12.516
11,366
14,518
122,835
7,838
92,273
12.516
11,366
14,518
130,673
NET BOOK VALUE
At 3 1st D¢¢¢mb¢r 2023
386,234
2.838
389,072
4. Net incoming/{outgoing) resources is stated after charging - Group
Unrestricted Funds
Restricted Funds
Total
2023
Total
2022
Depreciation
7,838
7.838
7,838
5. Taxation
RCCG Waler of Life Sanctuary is 2 registered charity and is eligible for the exemptions from taxations available lo
charities on their charitable activities. No charge to taxation therefore arises.

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG), WATER OF LIFE SANCTUARY
NOTES TO THE ACCOUNT
FOR THE PERIOD ENDED 31ST DECEMBER 2023
6. Debtors
2023
2022
Gift Aid Repayment
Other Debtors
24,110
17,843
Accrued Expenses
17.843
18,089
2023
2022
7. Creditors - amounts falling due within one year
Taxes & National Insurance Contribution
2,224
2,314
385
Ccntral Officc
Pension Fund
2,033
16,608
1,708
7,459
Other Creditors
20,867
11,865
2023
2022
8. Creditors - amounts falling due after one vear
125.817
141,160
9. Funds
Brought
forn'ard at
0110112023 Income
Carried
fonvard at
3111212023
Expenditure
Unrestricted funds
264,245
54,468
(44,851)
273,862
io