REDEEMED CHRISTIAN CHURCH OF GOD
RENEWAL GROUND PARISH
Charlty reg. no 1099036
TRUSTEES REPORT AND FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

REDEEMED CHRISTIAN CHURCH OF GOD- RENEWAL GROUND PARISH
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
CONTENTS
CONTENTS
PAGE
Reference and admlnlstratlve details of the charity
Trustee's report
Independent Examiner's
statement of Financial Actlvlties
Balance sheet
io.
Notes to the flnancial statements
11- 16
Page I

REDEEMED CHRISTIAN CHURCH OF GOD - RENEWAL GROUND PAR15H
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARrrY, ITS TRUSTEES AND ADVISERS
Trustees
Olatade Amos (Chalrperson)
Emmanuel E. Egbochuo
John Farayibl
Registered Charity
Number
1099036
Correspondence Address
12 Chester Close
Chafford Hundred
Grays
Essex
RM16 6ET
Pastor in Charge
Pastor Peter Bashoru n
Accountant
Akintayo Ojo FCCA
Resource Accountancy Practice Llmited
Chartered Certified Accountant
46 Hollywood Way
Erith
DA8 2QE
Banker$
HSBC Bank PIC
312 Seven Sisters Road
Finsbury Park
London
N4 2AW
Page 2

REDEEMED CHRISTIAN CHURCH OF GOD- RENEWAL GROUND PARISH
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REPORT OF TRUSTEES
The Trustees present their annual report together wlth the financlal statements of The Redeemed
Christian Church of God Renewal Ground Parish (the Charlty) for the year ended 31 December 2023
The trustees confirm that the annual report and financial statements of the charity have been prepared
in accordance with the policies set out In note I to the accounts and comply wlth the charlty's tnjst
deed, the Charities Act 2011 and Accounting and Reportlng by Charltles.. Statement of Recommended
Prdctice (SORP) applicable In the UK and Republic of Ireland published on 16 July 2014
OBJEcfxvES AND ACTIVITIES
The prlnclpal object Is the advancement of Christian falth worldwlde and relief of poverty. To promote
any charitable activlty for the beneflt of the local people. To achieve this objective, the church adopted
the followlng strategles:
STRATEGIES FOR ACHIEVING THE OBJECTIVES
The charity has adopted the followlng strategies for achievlng the above objectives..
Planting churches
Running semlnars In the church wlth proven mlnlsters of the faith to gulde members in the various
aspects of Chrlstlan falth,
Support for other charitles and Chrlstian events,
Providlng overseas ald and famlne rellef, and Involvlng in economlc and community development,
Community outreach events,
Conferences and events,
Welfare support to members and general public, and
Various missionary actlvitles
PUBLIC BENEFIT STATEMENT
The Board of Trustees confirm that they have met their duties in strlct compliance wlth the provlslons
of sectlon 4 and 17 of the Charities Act 20 11 and have due regards to the Charity Commissions, general
guidance on public beneflt. Particular conslderation has been given to the Charity Commlsslon's
supplementary public guidance provlsions on the advancement of ￿ligIOn for public benefit.
PUBLIC BENEFITS
The Church's Sunday and mid-week seNices as well a5 prayer meetlngs are open to the general publSc
to build on their Christian falth. Apart from its Church attivities, the charlty was involved In several
other public benefit efforts.
The charity conducted seminars on religious and soclal Issues for the beneflts of members of the
commuftity.
The charity provided welfare support to allevlate the hlgh cost of living pmblerns In the community.
Our efforts are geared towards supporting the programmes of our local communityi promotlng cohesion
In our communlty, and Impactlng the lives of the young people and the elderly.
Page 3

REDEEMED CHRIsfiAN CHURCH OF GOD - RENEWAL GROUND PARISH
TRUSfEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REPORT OF TRUSTEES
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity which also operates under the name Renewal Ground Parish was constituted by a trust
deed dated 10 March 2002 and was registered with the Charity Commission as a charity on 18 August
2023 In England and Wales wlth charity number 1099036
APPOINTMENT OR ELLEcfIoN OF TRUSTEES
Trustees are appointed or elected under the terms of the trust deed.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES
The indurtion pro￿$5 for newly appolnted trustees comprlses of an Inltlal meeting with the Chair and
other trustees, followed by short meetings with the Parish Pastor on the powers and responsibilities
of the Trustees.
ORGANISATIONAL sfRUCTURE AND DECISION MAKING
The charlty is organised so that the Trustees meet regularly to manage its affairs. The Parlsh Pastor
manages the day to day administration of the church with assistance from the mlnlsters.
RELATED PARTf TRANSACTION
RCCG Renewal Ground Parish is a parish of The Redeemed Chrlstlan Church of God (RCCG) which
has parishes all over the world. The parish's ￿latIonShip wlth RCCG is governed by an 'Agreement for
Common purposes,.
RISK MANAGEMENT
The Trustees have assessed the major rlsks to which the charlty Is exposed, In partlcular those
relating to the operations and finances of the charity, and are satisfied that systems are in place
to mitlgate our exposures to major risks. However consultation and review of our systems are
regularly undertaken, in order to ensure they remain up to date and effectlve.
GRANT MAKING POLICY
The chu rch supports visiting ministers of the gospel both withln and outside the Unlted klngdom.
Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other
RCCG programmes. The Church su pports other Charltles and Mlssionarles that shares Its objects on
advan￿ment of Christlan falth.
In addltlon to the above, and In accordance to the objective of the church, it also gives occasional
and one-off welfare grant and support to congregational members who are in need or support for
who a￿ bereaved.
VOLUNTEERS
The church Is grateful for the unstinting efforts of its volunteers who are Involved in provldlng
services for the charity. It is estlmated that over 4000 hours are provlded by volunteers during
the year. Ef this is conservatively valued at £10.00 per hour, the volu nteers effort will amount to
over £52,500. Strategic training/development pmgrammes We￿ provlded to the volunteers to
enhance the quallty of seNices they rendered to the Charity.
Page 4

REDEEMED CHRTSTIAN CHURCH OF GOD - RENEWAL GROUND PARISH
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REPORT OF TRUSTEES
INVESTMENT POLICY
The trustees have decided that at present, funds should be retalned in banks and bu Sldlng socletles,
and as far as posslble in Snterest bearlng accounts. Having considered the powers of the trustees,
funds not immedlately needed have been kept in a savings accou nt to generate Interest Income.
RESERVES POLICY
The trustees, pollcy is to have unrestritted and uncommitted funds (free reserves) to cover 3 to 6
months of resou rces expended which equals roug hly £12,000 - £24,000. They feel that this will
enable current activlties to continue If there Is any signlflcant drop In fu nding. It would obviously
be ne￿Sary then to consider how the fu nding would be replaced or activities changed. The present
free reserve is above the policy range but the trustees are continuing to seek additional ￿ndS to
further boost the reserves.
PRINCIPAL FUNDING
Fu nding has been provided mainly through tithes and offerings by church members and through
donatlons. Pledges are also taken for specific pmjects. The charlty has maximised its incoming by
accesslng gift aid claim on donations made by eliglble donors.
ACHIEVEMENT AND PERFORMANCE
REVIEW OF ACTIVITIES
The activities of the church have celltred on nu merical growth of the congregational members as
well as splrltual advancement.
On average, there are over 65 Adults and 40 members in Youth and Children Departments of the
Church. The chu rch operates Hybrid Setvices. Physlcal In Church Bullding on Sundays and special
programmes whlle Mid-week services are held on Zoom and free conference line and have been very
effective. Sunday school services are also streamed on Zoom link, while Sunday school summary
also goes out live on You Tube and face book. In future the Church intend to go fully digital wlth
her programmes.
The Chu rch holds special servlces to commemorate the end of the year. This is the annual Crossover
seNice which holds from the 31st of December to early hours of 1st of January. This provides the
opportunity for members of the community who wants to ￿lebrate the year end in a Church with
other people the commu nlty a place of worship to do so,
As it is the custom, vlsltlng Mlnisters wlll be given honorarium for Teaching and Minlstratlon.
Community Outreach
The Charity contlnues to reach out to her community through her community outreach programmes.
During the year In review, we had Free Community Family Fun Day/Barbecue includlng giving out
famlly used stuff e.g. clothlng items to the beneficiaries In the communlty. Hampers were given out b
beneficiaries at festive seasons In the community.
Youth and Singles Ministry
Youth Ministry is for children ages 4-12. It contlnues to receive good attention as they represent the
next generation and are being thought and well Inspired by the Children teachers. They hold thelr
services on Sundays durlng Church service. The Youth ministry and Children's Ch￿rch are preslded
over by Pastor Regina Bashorun who Is also the Mlnister In Charge of the Singles Ministry.
Page 5

REDEEMED CHRISTIAN CHURCH OF GOD- RENEWAL GROUND PARISH
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REPORT OF TRUSTEES
REVIEW OF ACTIVITIES- continued
The Charlty continued to enjoy tremendous growth in its physlcal and spirltLAal Ilfe during the year,
and In the advancement of Christian faith in accordance with the doctrines set out In the Statement
of falth contalned in our Trust Deed.
PLACE OF WORSHIP
Nothlng has changed since the last ￿pOrt. The Church Is still rentlng a hall for its servlces and events.
The plan of the church to have a place of worshlp to carry out her activities for the benefits of the
beneficiaries and community members wlthout hlnderance In the near future is still ongoing. Trustees
continues to seek professional advlce on thls matter, whlle cOng￿gant5 are generously giving towards
the pmjert.
FUTURE DEVELOPMENTS
The charfty continues to explore varlous ways of spreading the gospel of Christ In an effective
manner. The charlty is also looking to grow in membershlp and contlnue to develop its members
to make life-changlng impart in the community through strategic tralnlng and development
programmes.
FINANCIAL REVIEW
The Charity's financial statements for the year ended 31 December 2023 show a net increase of funds
nds of £51,421 and net decrease of ￿ndS (2022: _£1993).
TAXATION
The Redeemed Christian Church of God Renewal Ground Parlsh is a registered charity and all of its
activities are tax exempt u nder rules of taxatlon g ranted to charlties,
Page 6

REDEEMED CHRIsfIAN CHURCH OF GOD - RENEWAL GROUND PARISH
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REPORT OF TRUSTEES
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The Trustees are responsible for p￿par1ftg the annual report and financial statements in accordance
wlth applicable laws and regulations.
Charlty law requlres the Directors to Prepa￿ financial statements for each financial year. Under
that law, the Trustees have elected to prepare the financlal statements in accordance with the
United Kingdom Generally Acceptable Accounting Practice (United Kingdom Accounting Standards
and applicable law). The financial statements are ￿qUIred to give a true and falr vlew of the state
of affairs of the charity and of the surplus or deflclt of the charity for that period.
In preparing the financial statements, the Directors are reqUI￿d to:
Select suitable accounting pollcies and apply them consistently;
Make judgement and estlmates that are reasonable and prudent;
Prepare the financlal statements on a golng concern basis unless It is inappropriate to
presume that the charity will contlnue in operatlon.
The trustees recognise their responsibilities to keep proper accountlng ￿CordS that disclose with
reasonable accuracy at any time the financlal position of the charlty and enable them to ensure
that the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charity and henceforth taking steps for the preventlon and
detectlon of fraud and other irregularities.
The appended financlal statements have been prepared on the accruals basls and have been
examlned by an independent examiner, whose report is also appended.
Approved by the trustees on 24tth Dc.tobw 2024 and signed on their behalf by:
Pastor Olatade Amos
Chairman
Page 7

REDEEMED CHRLSTIAN CHURCH OF GOD - RENEWAL GROUND PARISH
TRUSTEES AND FINANCIAL FiEPORT FOR YEAR ENDED 31 DECEMBER 2023
INDEPENDENT EXAMINERS REPORT
TO THE TRUSTEES OF RCCG - RENEWAL GROUND PARISH
I report on the accounts of the charity for the period ended 31 December 2023 whlch is set on
pages 9- 17
RESPEcfivE RESPONSIBILrrtES OF THE TRugfEES AND THE EXAMINER
The Charity Trustees are responslble for the preparation of the accounts. The Charity's
trustees consider that an audit is not required for the period under section 476 of the
Companies Act 2006 and that an independent examlnatlon is needed.
It Is my responsibility to:
examine the accounts under section145 of Charities Act 2011;
follow the procedures laid down in the general Directions glven by the Charity
Commission (under sectlon 145(5)(b) of the 2011 Act; and
state whether partlcular matters have come to my attention.
BASIS OF MY EXAMINATION
My examination was carrled out in accordan￿ with the General D1￿CtionS given by the
Charity Commisslon. An examination includes a review of the accounting records kept by
the charity and a comparison of the accounts presented with those records. It also
Includes consideration of any unusual items or disclosures in the account, and seeking
explanations from you as trustees concernlng any such matter5. The procedures undertaken
do not provide all the evidence that would be required in an audit, and consequently no
opinion Is glven as to whether the accounts present a "true and fair" view and the report
is limited to those matters set out in the statements below.
EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(l) which gives me reasonable cause to belleve that In any material respect the trustees
have not met the requlrements to ensure that:
proper accounting records are not kept in accordance with the companies Act. and
accounts are prepared which agree with the accounting records and comply with the
accounting ￿qUirementS of the Companies Act 2006. or
{2) to which, in my opinion, attention should be drawn in order to enable a proper under-
standing of the accounts to be reached.
Akintay
2024
Resource Management Consultants Ltd
46 Hollywood Wayi Erith. DA8 2QE
Page 8

REDEEMED CHRISTIAN CHURCH OF GOD - RENEWAL GROUND PARISH
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
STATEMENT OF FINANCIAL A￿IVITIEs
Unr&stricted
R£Stritted
Total
Total
Fund5
Funds
Funds
Funds
2023
2023
2023
2022
Notes
INCOMING RESOURCES
Donations, legacies & similar incomlng ri
Activities in furtherance of charity's obje
Investment income
Total Incoming resources
145,553
145,553
74,368
323
323
145,876
145,876
74,368
RESOURCES EXPENDED
Charitable expenditure
Grants payable - Ind ividual
Grants payable - Instittjtional
Costs of activities in furtherance of
charitles objects
Management and governance costs
Total reSoUr￿S expended
2,548
12,520
20,458
20,458
57,028
16,967
94,453
57,028
16,967
94,453
52,416
8,876
76,360
io
Net (outgolng)/incoming resource5 for year
51,422
51,422
1,992
Total ￿ndS at the start of the year
26,813
26,813
28,806
Transfer between funds In the year
BALANCE AT END OF YEAR
78,235
78,235
26,814
The charity's incoming resources and resources expended all relate to continuing activitles.
Page 9

REDEEMED CHRISTIAN CHURCH OF GOD- RENÉWAL GROUND PARISH
TRusfEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
BALANCE SHE￿ AS AT 31 DECEMBER 2023
Notes
2023
2022
FIXED ASS￿5
Tangible Assets
li
5.399
6,370
CURRENT ASSETS
Debtors
Cash and bank balances
12
13
75,387
75,387
25,223
25,223
Total assets
80,785
31,593
LIABILrrIES
CREDrroRS
(amount falling due within one year)
14
2,550
4,780
Total Ilability
2,550
4,780
NET ASs￿s
78,235
26,813
CHARITY FUNDS
General
unrestritted
General
- restricted
TOTAL FUNDS
Id
le
78,235
26,813
78,235
26,813
The accounts have been prepared In accord3n￿ with the speclal provisson of Statement of Recommended Prattlce".
Accountin9 and RepDrtin9 by Charities (SORP) is5U8d March 2005 as modIf￿d for smaller charits&S
Approved by the Trustees on l4tA D c tv b Lr
2024 and signed on their behalf by".
Pastor Olatsde Amo$
Chairman
Emmanuel EgbQchuo
Trustee

REDEEMED CHRISTIAN CHURCH OF GOD - RENEWAL GROUND PARISH
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
I. ACCOUNTING POLICIES
(al The accounts are prepared under the historital cost convention and in accordance with applicable accounting
standards. They follow best prattice as set out in the Statement of Recommended Practlce.. Accounting and
Reporting by Charltles ISORPI issued Marth 2W5 as modifled for smaller chart￿e$.
(bl Income and expenditure is accounted for on an accruals basis.
(c) Fixed assets comprfse ftjrniture and equipment and musical equlpment and have been costlng more than £lOO.
Tangible fixed assets are stated at cost less depreciation. Depreclation Is provided at rztes calculated to write off
the cost of fixed assets, less thelr e*imated residual value, over their expetted useftjl lives on the following bases..
Mu51¢al equipment
25¥0 reducing balance
Furniturè and flttings
25% reducing balance
Computer equlprnent
25V/o reducing balance
Motor Vehicles
250A) reducing balance
(dl Unrestritted funds are Incoming resources tEceSved ft)r the objects of the charity without further specified purpose
and are available as general funds.
(el Restritted funds are subject to restrfctions on thelr expenditure imposed by their donors.
UnreSt￿cted
Restritte¢
Total
Totsl
Funds
Funds
Funds
Funds
2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCE<
2023
2023
2023
2022
Tithe & Collectlon at all servlces
Sundry donatlons
Gift ald recovered
102,134
102,134
74,368
43,419
145,553
43,419
145,553
74,368
3. AcfIvITIES IN FURTHERANCE OF CHARrrf'5 OBJEcr
Building offerlng
Bookstall
6. INVESTMENT INCOME
Interest recelved
323
323
323
323
7. GPANTS PAYABLE - INDIVIDUAL
Unrestrirted
Restrlcted
Total
Total
Funds
Fun¢Js
Funds
Funds
2023
2023
2023
2032
Individual welfare
2,548
Page 11

REDEEMED CHRIsfIAN CHURCH OF GOD- RENEWAL GROUND PARISH
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
Unrestricted
Restrirted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
8. GRANTS PAYABLE - INSTITUTIONAL
Charitable giving -UK
Charitable glvlng -overseas
Total
20,458
20,458
12,520
20,458
20,458
12,520
List of institutlonal grants pald
RCCG WEM
World evangelism
RCCG Central Office
Central Office Support
RCCG Camp ground
Advancement of faith
Others
Advancement of falth
Total grant payable - institutlonal
17,438
720
2,000
300
20,458
17,438
720
2,000
300
20,458
11,800
720
12,520
9. COST OF AcfiviTIES IN FURTHERANCE OF
CHARfTh's OBJECTS
Unrestritte
Restritted
Funds
Tota
Total
Funds
Funds
Funds
2023
2023
2023
2022
Hall rental for Church Services
Visiting Speakers Expenses
Cholr and Music Ministration
Gospel and Charlty glving
Communlty projects & welfare
Prlntlng of Church Flyers & Stationery
Mission & evangelism
Worship Costs
Conferences. Tralnings & subscrlptions
Telephone & internet
Pastor's SalarylPension & PAYE
utilities
15,178
400
7,900
15,178
400
7,900
13,900
I,ioo
6,006
4,592
2,000
198
2,100
1,075
1,747
463
2,100
1,075
1,747
463
1,211
424
1,211
424
26,023
508
57,028
26,023
508
24,621
57,028
52,416
Page 12

REDEEMED CHRtSTIAN CHURCH OF GOD - RENEWAL GROUND PARISH
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
Unrestritte¢J
Re5t*icted
Total
Total
10. RESOURCE EXPENDED ON MANAGING &
ADMINISTERING THE CHARrrY
Funds
Funds
Funds
Funds
2023
2023
2023
2022
Telephone & Internet
Transport/Travelling Expenses
Adffllnlstratlon Costs
Church Offlce Expenses
Bank charges
Depreclation
Professional fees
Professional fees - accountancy & examination
1,335
loo
5,000
120
1,335
loo
5,000
120
1,364
520
6,523
200
204
971
6,687
2,550
16,967
204
971
6,687
2,550
16,967
269
8,876
11. TANGIBLE ASSETS
Musical Computers
equlpment I projectors
Total
Total
31-Dec
2023
31-Dec
2022
Cost
Cost/valuation At l January 2023
Additions.. New equipment
Less.. assets written off
At 31 December 2023
11,400
840
12,240
9,713
2,527
11,400
840
12,240
12,240
Depreciation
At l January 2023
Charge for the year
At 31 December 2023
5,601
828
269
143
5,870
971
4,899
971
6,429
412
6,841
5,870
Net book value
At 31 De￿mber 2023
4.971
428
5,399
6.370
At 31 December 2022
5,799
571
6,370
12. DEBTORS
Year ended
31-Dec
2023
Year ended
31-Dec
2022
Page 13

REDEEMED CHRISTIAN CHURCH OF GOD - RENEWAL GROUND PARISH
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
13. CASH BALANCES
Unrestritted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
Bank balance
Current account
Savlngs account
At 31 December 2023
24,550
50,836
75,387
24,550
50,836
75,387
9,710
15,513
25,223
Year ended
31-Dec
2023
Year ended
31-Dec
2022
14. CREDITORS
Amount falling due wlthln one year
Amount falllng due after one year
2,550
4,780
2,550
4,780
16. STAFF COST AND NUMBERS
Staff costs were as follows
Year ended
31-Dec
2023
Year ended
31-Dec
2022
Pastor's allowance
Social security costs
26,023
24,621
26,023
24,621
Year ended
31-Dec
2023
No.
Year ended
31-Dec
2022
No.
The average number of employee during the year was as follows
Pastoral
Charity admlnlstration
Total
No employee received remuneration amountlng to more than £50,000 in the year.
Page 14