| Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Total | Total | ||
| 2023 | 2023 | 2023 | 2022 | |||
| Income from: | ||||||
| Donations | 306,658 | 18,034 | 324,691 | 292,159 | ||
| Bank interest | 408 | 422 | ||||
| Total Incoming Resources |
306,671 | 18,442 | 325,113 | 292,159 | ||
| Expenditure on: |
||||||
| Charitable activities |
328,775 | 0 | 328,775 | 254,441 | ||
| Total expenditure | 328,775 | 0 | 328,775 | 254,441 | ||
| Net income/(expenditure) | -22,104 | 18,442 | -3,662 | 37,718 | ||
| Transfers between | funds | |||||
| Net movement in funds |
-22,104 | 18,442 | -3,662 | 37,718 | ||
| Total funds brought | forward | 29,618 | 135,897 | 16S,515 | 127,747 | |
| Totai funds carried | forward | 7,514 | 154,339 | 161,853 | 165„465 |
| The | Redeemed Christian Church of God {RCCG)Vict Balance Sheet |
ory Assembly | ||||
|---|---|---|---|---|---|---|
| As at 31January 2022. | ||||||
| Notes | 2023 | 2022 | ||||
| Fixed Assets | ||||||
| Tangible Assets | 4,249 | 8,774 | ||||
| Current Assets | ||||||
| Debtor and Prepayments | 8,720 | 7,720 | ||||
| Cash and bank balances | 173,224 | 148,221 | ||||
| Total current assets | 181,944 | 155,941 | ||||
| Creditors: amount | falling | due within | a year | 650 | 650 | |
| Net Current Assets | 181,294 | 155,291 | ||||
| Total assets less current | liabilities | |||||
| Creditors: amount | falling | due after | more than one year | |||
| Total Net Assets | 185,543 | 164,065 | ||||
| Funds ofthe Charity | ||||||
| General funds | 36,048 | 33,012 | ||||
| Restricted income | funds | 10 | 149„495 | 131,053 | ||
| Total funds | 185,543 | 164,065 |
| The Rede | emed Christian Church ofG |
od (RCCG) Victory A | ssembly | |||
|---|---|---|---|---|---|---|
| Notes to the Accounts | fContinued) | |||||
| Forthe year ended 31January 2023, | ||||||
| Unrestricted | Restricted | |||||
| Funds | Funds | Total | Total | |||
| 2023 | 2023 | 2023 | 2Q22 | |||
| 2. Income from grants and donations | ||||||
| Tithe and offerings | 254,881 | 18,034 | 272,915 | 201,959 | ||
| Thanksgiving | 15,101 | 15,101 | 12,073 | |||
| 269,983 | 18,034 | 288,016 | 214,032 | |||
| Seed donations | 990 | |||||
| Grants | 40,730 | |||||
| Gift Aid claimable | 36,675 | 36,675 | 36,407 | |||
| 306,658 | 18,034 | 324,691 | 292,159 | |||
| Unrestricted | Restricted | |||||
| 3.Expenditure on charitable |
activities | Funds | Fund | Total | Total | |
| 2023 | 2022 | |||||
| Staff cost | 170,569 | 170,569 | 162,314 | |||
| Payroll fees | 750 | 750 | ||||
| Honorarium Rexpenses- guest ministers |
19,OQO | 19,000 | 10,519 | |||
| Charitable gifts Ik offering |
17,204 | 17,204 | 7,224 | |||
| Depreciation charge |
9,067 | 9p067 | 6,158 | |||
| Church rental costs |
60,852 | 60,852 | 33,230 | |||
| Repairs and maintenance | 525 | 525 | 1,406 | |||
| Hotel and accommodation | 6,158 | 6,158 | 2,099 | |||
| Events | 5,785 | 5,785 | ||||
| Insurance, licenses and legal fees |
3,38Q | 3,380 | 4,247 | |||
| Stationery, printing and publicity |
581 | 581 | 40 | |||
| Telephone, internet and postage |
3,641 | 3,641 | 4,127 | |||
| Welfare | 5,877 | 5,877 | 6,984 | |||
| Bank and card receipt facility charges and | interest | 2,353 | 2,353 | 1,801 | ||
| Travel | 7,953 | 7,953 | 2,063 | |||
| Refreshments | 6,633 | 6,633 | 4,693 | |||
| Training and staff development |
7,148 | 7,148 | 6,886 | |||
| Independent examination |
1,300 | 1,300 | 650 | |||
| Total Resources Expended | 328,775 | 328,775 | 254,441 |
| taff Costs | and numbers | and numbers | 2023 | 2022 | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Salaries | 138,527 | 138,527 | 149,780 | |||
| Employer's | National | Insurance | 19,952 | 19,952 | 12,974 | |
| Employer's | Allowance | (4,000) | {4,000) | {4,000) | ||
| Pension Cost | 5,289 | 5,289 | 3,216 | |||
| Pastoral Scheme | 10,800 | 10,800 | 10,800 | |||
| 170,569 | 170,569 | 172,770 |
| Multi-Media | Furniture 8 |
Musical | |||
|---|---|---|---|---|---|
| 7.Tangible Fixed Assets |
Vehicle | Equipment | ITEquipment | Equipment | Total |
| Cost ofvaluation | |||||
| as at 1February 2022. | 1,600 | 63,216 | 37,249 | 39,747 | 141,812 |
| Addition | 3,469 | 1,073 | 4,542 | ||
| Disposals | |||||
| as at 31January 2023. | 1,600 | 66,685 | 38,322 | 39,747 | 146,354 |
| Depreciation | |||||
| as at 1February 2022. | 613 | 62,277 | 37,248 | 32,900 | 133,038 |
| Charged for the period | 200 | 1,806 | 215 | 6,846 | 9,067 |
| Disposals | |||||
| as at 31January 2023. | 813 | 64,083 | 37,463 | 39,746 | 142,105 |
| Net BookValue | |||||
| as at31January 2023. | 787 | 2,602 | 860 | 1 | 4,249 |
| as at31January 2022 | 987 | 939 | 1 | 6,847 | 8,774 |
| 8.Debtors | 2023 | 2022 | |||||
| Other debtors | 8,720 | 7,720 | |||||
| 9.Creditors: amount | falling due within one year | 2023 | 2022 | ||||
| Trade Creditors | |||||||
| Other taxes fk social security | |||||||
| Accruals | 650 | 650 | |||||
| 650 | 650 | ||||||
| Balance | Feb- | Incoming | Resources | Balance Jan | |||
| 10.Restricted funds |
2022 | resources | expended | Transfers | 2023 | ||
| Building fund | 131,053 | 18,442 | 149,495 | ||||
| 131,053 | 18,442 | 149,495 | |||||
| Balance | Incoming | Resources | Balance | ||||
| Prior year comparative | b/fwd | resources | expended | Transfers | c/fwd | ||
| Building fund | 72,988 | 58,065 | 131,053 | ||||
| 72,988 | 58,065 | 131,053 |
| The charity is looking to purchase her property. Spe |
cific donations are being raised for this. |
||
|---|---|---|---|
| Unrestricted | Restricted | ||
| 1.Net Assets by fund | Funds | Funds | Total 2023 |
| Fixed assets | 4,249 | 4,249 | |
| Net current assets | 31,799 | 149,495 | 181,294 |
| 36,048 | 149,495 | 185,543 | |
| Unrestricted | Restricted | ||
| Prior year comparative | Funds | Total 2022 | |
| Fixed assets | 8,774 | 8,774 | |
| Net current assets | 24,238 | 131,053 | 155,291 |
| 33,012 | 131,053 | 164,065 |