THE REDEEMED CHRISTIAN CHURCH OF GOD
SALVATION THEATRE
TRUSTEES REPORT & FINANCIAL STATEMENTS
FOR
THE YEAR ENDED 31 DECEMBER 2023

THE REDEEMED CHRISTIAN CHURCH OF GOD-SAL VA TION THEA TRE
CONTENTS
Pages
Administrative
Trustees report
Independent Examiners. report
Statement of financial activities
Statement of financial position
Detailed income and expenditure
9-10
Notes to the Financial Statements
11-13

THE REDEEMED CHRISTIAN CHURCH OF GOD-SAL VA TION THEA TRE
Administrative information
Trustees
Mr Gbenga Amoshe
Mrs Caroline Adebayo
Dr Gabriel Oludare
Mr Simeon Oluwasanmi
Charity Registered Number:
1090070
Registered Office
58-60 Westminster Road
Birmingham
West Midland
Birmingham
B20 3LJ
Independent Examiner
Adenike Phillips ACCA
A and P Accountants
Suite E 226 Regency Court,
Milton Keynes
MK9 2HR
Banker:
HSBC UK

THE REDEEMED CHRISTIAN CHURCH OF GOD-SAL VA TION THEA TRE
Trustees Report for the year ended 31 December 2023.
Trustees present their financial statements for the year ended 31 December 2023.
The Trustees ofTHE REDEEMED CHRISTIAN CHURCH OF GOD - SALVATION THEATRE
presents their report and financial statements for the year ended 31 DECEMBER 2023.
The trustees have adopted the provision of the Statement of Recommended Practice
(SORP) "Accounting and reporting by Charities "Issued on October 2000 in preparing the
annual report financial statement of the charity.
Charity Details
A list of names and addresses of the charity's principal officers and bankers is set out on
page 3
Objectives
The charity's principal activity is the proclamation olthe gospel oljesus Christ
l. To advance the Christian doctrine (in accordance with the statement ol our beliefj in such
part ofthe United Kingdom or the world as the trustees from time to time think fit.
2. To relieve sickness and financial hardship and to promote and preserve good health by the
provision of funds, good or services of any kind, including through the provision of
counselling and support in such parts of the United Kingdom or the world as the trustees
from time to time may think fit: and
3. To advance education in such ways and in such parts of the United Kingdom or the world
as the trustee from time to time may think fit:
4. The trustee must use the income and may use the capital of the church in promoting the
objects.
Organization
THE REDEEMED CHRISTIAN CHURCH OF GOD- SALVATION THEATRE is governed by a
board oftrustee5 who are elected to serve the church and run its affairs. Annually the Board
reviews the range of skills it has available and uses its power of co-option to ensure the gaps
are filled.
Risk and Internal Control
Then accordingly Trustees review the main operational risks and actions to manage or
mitigate IL
Review of transactions and financial position
Inc()me Resources
The total income of the organization for the year has been derived from its principal activities
wholly undertaken in the United Kingdom.
During the year, donation income resources, giftand grant received totaled £361.131. The

THE REDEEMED CHRISTIAN CHURCH OF GOD-SAL VA TION THEA TRE
bulk of the donations and gifts received have been made available without restriction as to
its usage
The bulk of the balance on the charl￿5 fund is unrestricted. These will be used to fund the
charity's objectives during the new financial year. The Trustees confirmed that the charity's
are available and adequate to enable it to fulfil its obligations.
Reserve Poliry
Freely available reserves are pools of unapplied resources available to meet future demands
on the charity's resources. This is general purpose money that can be spent on many of the
purposes of the charity. Free reserves of the charity are represented by its unrestricted and
restricted funds less the net book value of its assets. As at 31 DECEMBER 2023. these
amounted to £459,181 and £20,576 respectively.
Statement to Trustees, responsibilities
Law applicable to charities in England and Wales requires the trustees to prepare financial
statements for each financial year which give a true and lair view of the charity's financial
activities during the year and of its financial position at the end olthe year. In preparing
those financial statements, the trustees are require to a) Select suitable accounting policies
and apply them constantly,. bj make judgment and estimates that are responsible and
prudent,. c) state whether applicable accounting standards and statements of recommended
practice have been Followed, subject to many departures disclosed and explained in the
financial staten]ent: d) prepare the financial statements on a going concern basis unless it
is inappropriate to presume that the charity will continue on that basis.
The Trustees are responsible for ensuring that proper books are maintained, for safe
guarding assets of the charity, and takiTRg reasonable steps for the prevention and detection
of fraud and other irregularities. The board has reviewed the effectiveness of the system
ofinternal control and there are no material weaknesses that would result in losses,
contigencies and uncertainties that require a separate disclosure in these accounts.
Independent Examiner's Report.
We report on the accounts for the year ended 31 DECEMBER 2023 which are set out on
pages 7-12
Respective responsibilities of ￿lstee5 and examiner
Charity's trustees are responsible for the preparation of the accounL It is our responsibility
Examine the account (under sertion 43{3)(a) of the 1993 Act}
To follow the procedures laid down in the general directions given by the commissioners
{under section 43(7)[b) of the 1993 Art)
Basis of the independent examiner's report
My exalnination was carried out in accordance with the General Directions given by the
charity. An examination includes a review of the accounting records kept by the charity and
comparison of the accounts presented with those records. It also includes consideration of

THE REDEEMED CHRISTIAN CHURCH OF GOD-SAL VA TION THEA TRE
any unusual items or disclosures in the accounts, and seeking explanations from you as
trustees concerning any such matters. The procedures undertaken do not provide all the
evidence that would be required in an audit, and consequently I do not express an audit
opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention;
l.Which gives me reasonable cause to believe that in any material respect the requirements,.
To keep accounting records in accordance with section 41 of the 1993 Act and
To prepare accounts which accord with the accounting records and comply with the
accounting requirements of the 1993 Act have not been met or
2.To which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached
Adenike Phillips ACCA
A and P Accountants
Suite E 226 Regency Court.
Milton Keynes
MK9 2HR

THE REDEEMED CHRISTIAN CHURCH OF GOD-SAL VA TION THEA TRE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
Unrestricted
Funds 2023
Restricted
Funds 2023
Unrestricted
Funds 2022
Income Resources
Notes
Tithes.offering and Thanksgiving
Gift Aid
Other (Grantl
Other Voluntary incomelBuildingl
Other vountary income
Bank interest received
Total Income Resources
265.843
41,451
239,115
36,060
9,800
10,000
33,238
2,339
86
277,600
799
308.093
53,038
Resources Expended
Missionary and charitable givings
Direct Parish Expenditure
Management & Administration of Charity
Total Resources Expended
53,686
260,704
3.105
317.495
49,154
180,095
1.725
230,974
32,377
85
32,462
Net Income and outgoing resoucres
Net Movement in Fund
Adjustment Fund Balance B/F'
9,401.50
20,576
46,626
468.582
421,956
Fund Balances C/FWD
459,181
20,576
468,582

THE REDEEMED CHRJSTJAN CHURCH OF GOD-SAL VA TION THEA TRE
STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2023
Total this year
Total last year
Notes
Fixed assest
Tangible assets
Equipment
409.826
436,591
Total fixed asset
409,826
436,591
Current assets
Debtors
Cash at bank and in hand
5.500
96,221
101,721
77,597
77,597
Creditors= Amount falling due
9.279
23,418
Net current assests
92,442
54,179
Total assets less current liabilities
502.268
490,770
Creditors: Amounts falling due
22,511
22,188
Total net assest or liabilities
479,757
468,582
Funds of the Charity
Restricted income funds
Unrestricted income funds
Revaluation Reservce
20.576
459,181
468,582
Total f unds
479.757
468,582

THE REDEEMED CHRISTIAN CHURCH OF GOD-SAL VA TION THEA TRE
DETAILED INCOME AND EXPENDITURE FOR THE YEAR ENDED 31ST DECEMBER 2023
Unrestricted
Restricted
Total Fund
Income and Resources
Tithes,offering and Thanksgivir
Gift Aid
Other (Grantl
Other Voluntary incomelBuildingl
Other vountary income
Bank interest received
Total Income Resources
265,843
41.451
265,843
41,451
9,800
10,000
33.238
799
361,131
9,800
10.000
33.238
799
308,093
53,038
OUTGOINGS
Missionary and charitable givings
RCCG central office
FOL
Other mission & charitables
RCCG parishe5
WEM
Region/province
880
880
5,000
5,000
46,306
1,500
46.306
1,500
53,686
53,686
Direct Parish Expenditure
Ministry:
Honorarium
Wages & salary & taxes
Resident Pastor IThanksgivingl
19,987
74,000
10.359
19,987
74,000
10,959
600
Church - running cost:
Mortgae interest & other loan
telephone and multimedia
Repairs & maintenance
Printing & Stationeries
Welfare and charitable activiti(
Book,communion etc
Utilities
Vehicle running cost
Cleaning
Conferences & training
Accessories
3,164
11,634
11,751
1,640
17,560
1,077
12,679
3,164
11,634
11,751
1,640
39,337
1,077
12,679
21.777
429
429
5,290
2,175
2,054
5.290
2,175
2,054
Insurance

THE REDEEMED CHRISTIAN CHURCH OF GOD-SAL VA TION THEA TRE
Admin
Premises project {Consultingl
Entertainment
Petty cash
Choir, Youth & Children
Travelling expenses
Musical production
Installation costs
Depreciation
1,526
19,936
1,526
29.936
10.000
1,500
7,249
15,457
2,210
5,814
33,213
260,704
1,500
7,249
15.457
2,210
5,814
33,213
293,081
32.377
Management & Administration of Charity
Professional and Consultancy f
Bank charges
HP interest
2,920
185
2,920
270
85
3,105
85
3,190

THE REDEEMED CHRISTIAN CHURCH OF GOD-SAL VA TION THEA TRE
Notes To The Accounts
For the year ended 31 DECEMBER 2023
Accounting Policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance
with the financial Reporting Standard Entities (effective April 2008).
Incoming Resources
Incomes are mainly from grants and sundry incomes received and included in the
financial statement when received. This incoming resource represents money incomes
for the reporting period.
Resources Expended
All expenditures are accounted for on accrual basis and have been classified under
headings that aggregate all costs related to the category. The charity expenditures
represent the amount expended by the church in the current reporting period ended
31-Dec-23
Taxation
As a charity. the charitable funds are exempt from corporation tax but not Irom VAT.
Recoverable VAT is in accordance with standard accounting practice, included in the
cost of those items to which it relates.
Depreciation
Depreciation has been provided atthe following rates on a reducing balance method.
Equipment
Church
Offices
Fixtures and Fitting
Furniture's &
computer
Motor Vehicle
25%
25%
25%
250/0
2. Operating Profit
This is stated after
charging=
Depreciation of owned
fixed assets
2023
2022
£11,175
£46,626

Other creditorsAccountancy fees Bank loan 

Bank loan 



## _**THE REDEEMED CHRISTIAN CHURCH OF GOD-SALVATION THEATRE**_ 

## Notes To The Accounts 

For the year ended 31 DECEMBER 2023 

||2023|2022|
|---|---|---|
||£|£|
|6. Unrestricted funds<br>brought forward|468,582|421,956|
|Adjustment unrestricted|9,402|46,626|
|funds for the period|||
|As at 31st December|**459,181**|**468,582**|
|7. Restricted funds|||
|brought forward|||
|Adjustment restricted|20,576||
|funds for the period|||
|As at 31st December|**20,576**||
|Total balance of|||
|restricted and|||
|unresticted funds|**479,757**|**468,582**|
||2023|2022|
|8. Staff cost|£|£|
|Minsiters renumeration|||
|& others paid in the|||
|year|**74,000**|**69,495**|
|9. Cash & Bank Balances|2023|2022|
||£|£|
|Cash in hand & at bank|**96,221**|**77,597**|



_Signed by one or two trustees on behalf of all the trustees_ 

Print name: .....Gbenga Amoshe 30-06-2024 Date of approval: ................................... ..