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2022-12-31-accounts

RCCG - Liberty Christian Connections

Charity No. 1099911

Trustees' Report and Unaudited Accounts

31 December 2022

RCCG - Liberty Christian Connections Contents

Pages
Trustees' Annual Report 2 to 5
Independent Examiner's Report 6 to 6
Statement of Financial Activities 7 to 7
Balance Sheet 8 to 8
Statement of Cash flows 19 to 19
Notes to the Accounts 9 to 18
Detailed Statement of Financial Activities 20 to 22

Page 1

RCCG - Liberty Christian Connections Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 31 December 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1099911

Principal Office

Liberty House Clarks Road Ilford IG1 1UG

Trustees

The following trustees served during the year:

A. Bamgbose S.T. Fawole O. Owolabi

Key Management Personnel

General Overseer Pastor E A Adeboye Minister in Charge Pastor Francis Oladimeji

Accountants

Marvelous Ventures 71 Kentlea Road Thamesmead London SE28 0JY

Bankers

Barclays Bank PLC 41 Woolwich New Road Woolwich London SE18 6NU

Solicitors

Norman H Barnett 397 Barking Road London E6 2JT

OBJECTIVES AND ACTIVITIES

Policies and Objectives

Page 2

RCCG - Liberty Christian Connections Trustees Annual Report

To seek the advancement of the Christian religion in accordance with the teachings of the Redeemed Christian Church of God and to educate people in the Word of God. To teach the knowledge of Jesus Christ all over the Redbridge and Essex county and beyond.

In addition, to help in the relief of poverty in all parts of the world: directly to our immediate members, their families, members of the local, national and International community as occasion would demand, in cash and in kind.

The main activities of the church are as follows:

Grant making policies

Under the Common Purposes Agreement (see above), Liberty Christian Connections has agreed to make an annual contribution to RCCG (UK). In addition, the church supports missionary organisations such as the World Evangelism Mission. The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.

LIBERTY PRESCHOOL - Offering work placement to unemployed people in the community who are undertaking a course of study in Child Care. Giving support to parents who need extra hours for their children to stay in the preschool but cannot afford to pay. Offering after school and breakfast clubs to allow working mothers to go to work.

Offering work placement to unemployed people in the community who are undertaking a course of study in Child Care. Giving support to parents who need extra hours for their children to stay in the preschool but cannot afford to pay. Offering after school and breakfast clubs to allow working mothers to go to work.

Malawi Care Project: This project supports over 40 orphans with their education and daily support. Quarterly, there are food and clothing distribution as well as financial support to ensure the well – being of the orphans.

Deborah Arise Ministry: Ladies Prayer Retreat which is interdenominational gathering where all women from various works of life gather in a suitable environment to God in prayers for their lives, families, churches, communities and the nation at large. It is an event where fervent prayers are made to God to assist us in finding solutions to our individual problems.

FEED THE PEOPLE – LOVE YOUR NEIGHBOUR - This project has been extended to the homeless within the borough. Every Saturday, food is prepared for the homeless, vulnerable as well as church members who are in need. This has become one of the Charity’s flagship events as attendance grows weekly.

1.This has become one of the Charity’s flagship events as attendance from the community has begun to increase. Every Sunday after service, food is handed over to the homeless, vulnerable and members of the church and the community.

MARCH FOR JESUS - This is another free community event run annually by the Charity to spread the gospel of Jesus Christ. The event has been well attended over the years by members of the public namely the homeless, unemployed and those suffering from some form of addiction and there had been conversions and testimonies. Unfortunately due to COVID and its restrictions, the event could not hold but looking forward to future events.

Liberty Academy: One of the charity’s educational projects to empower and educate unemployed persons in the community to achieve CACHE Level 2 Certificate in Introduction to Early Years Education & Care. Fully funded by Liberty Christian Connections to support them to get unto the career ladder and secure employment. They are people from different religious background and ethnicity. Diversity is one of our watch words, we are keen on impacting lives

FATHERING THE FATHERLESS - The Charity donates £50 per month to members of the church who have lost their fathers. Currently there are seven (7) fatherless members who benefit from the scheme.

Page 3

RCCG - Liberty Christian Connections Trustees Annual Report

Bursary Award: The charity awards a one – off bursary award of £250 per student to the members who have gained admission into University for an undergraduate programme. We also reward a further £250 to those who graduate with 1st Class degree. This is to enhance and motivate the students to achieve and fulfil their full potentials.

Child Benefit: Parents of newly – born children are given a payment of £120 for the first year of the child’s life to support in the upkeep of the child. Fathering the Fatherless: The Charity donates £50 per month to members of the church who have lost their fathers. Currently there are seven (7) fatherless members who benefit from this scheme.

ACHIEVEMENTS AND PERFORMANCE

a. Review of activities

Bible Study

We held regular meetings at all our Bible study and prayer centres in Redbridge and Essex.

Evangelism

Evangelism was carried out throughout the year, reaching out to those who were on the street as well as in residential homes, enlightening them of the love of Jesus that there is hope for them too if they would respond to His love. In addition to giving the homeless the word of God, our team also went with tea, coffee, sandwiches giving as many as possible. In the past a number of them have responded positively to our invitation and attended our services.

Counselling

This was made available free of charge mainly by the pastor. Appointments to see the pastor are made either directly with him or through the church office. The meetings took place in the Church during the week in addition to Sundays.

We had a number of activities for the youths, men and women during the year which included seminars and workshops as well as counselling. They had some time to socialising as well

We pray and preach the good news of salvation not only in Redbridge and Essex but in many other parts of the UK.

b. Investment policy and performance

The trustees have decided that at present, funds should be retained in Bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

FINANCIAL REVIEW

a. Investment policy and performance

The trustees have decided that at present, funds should be retained in Bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

b. Reserves policy

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding.

Page 4

RCCG - Liberty Christian Connections Trustees Annual Report

PLANS FOR FUTURE PERIODS

We plan to expand the pre- school at a later date to include breakfast and after school club as well as ful time provision

we are planning to commence a care project with the vision to reaching our community with the love of Christ. The project will include children and adolescent care project, adult care projectregeneration project and education projects

STRUCTURE, GOVERNANCE AND MANAGEMENT

b. Method of appointment or election of Trustees

The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the pastor.

Redeemed Christian Church of God ('RCCG') Liberty Christian Connections is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes".

The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate our exposure to the major risks.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

O. Owolabi Trustee 31 October 2023

Page 5

RCCG - Liberty Christian Connections Independent Examiners Report

Independent Examiner's Report to the trustees of RCCG - Liberty Christian Connections

I report to the trustees on my examination of the financial statements of RCCG - Liberty Christian Connections for the year ended 31 December 2022.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements 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

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of FAIA.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

OLUYEMISI OWETE FAIA Marvelous Ventures

71 Kentlea Road Thamesmead London

SE28 0JY 31 October 2023

Page 6

RCCG - Liberty Christian Connections Statement of Financial Activities

for the year ended 31 December 2022

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other
7
Total
Expenditure on:
Raising funds
8
Charitable activities
9
Other
11
Total
Net gains on investments
Net income
12
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Total funds Total funds
2022 2022 2021
£ £ £
331,334 331,334 320,250
64,716 64,716 60,803
58,438 58,438 33,340
59 59 21
75,308 75,308 84,748
529,855 529,855 499,162
133,988 133,988 99,050
75,142 75,142 31,293
184,508 184,508 146,120
393,638 393,638 276,463
- - -
136,217 136,217 222,699
- - -
136,217 136,217 222,699
136,217 136,217 222,699
878,239 878,239 655,540
1,014,456 1,014,456 878,239

Page 7

RCCG - Liberty Christian Connections Balance Sheet

at 31 December 2022

Charity No. 1099911
Fixed assets
Tangible assets
14
Current assets
Debtors
15
Cash at bank and in hand
Creditors:Amount falling due within one year
16
Net current assets
Total assets less current liabilities
Creditors:Amounts falling due after more than one year
17
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
18
Unrestricted funds
18
General funds
Reserves
18
Total funds
Approved by the trustees on 31 October 2023		 2022
£
1,808,036
1,808,036
47,375
129,759
177,134
(19,906)
157,228
1,965,264
(950,808)
1,014,456
1,014,456
1,014,456
1,014,456
1,014,456		 2021
£
1,792,431
1,792,431
33,176
119,963
153,139
(58,049)
95,090
1,887,521
(1,009,282)
878,239
878,239
878,239
878,239
878,239

And signed on their behalf by:

S.T. Fawole Trustee 31 October 2023

Page 8

RCCG - Liberty Christian Connections Notes to the Accounts

for the year ended 31 December 2022

Basis of preparation

The financial statements have been prepared in accordance with 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 if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 9

RCCG - Liberty Christian Connections Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Office & Church Equipment 20% Reducing Balance Motor Vehicle 20% Straight Line Furniture & Fittings 25% Reducing Balance

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Page 10

RCCG - Liberty Christian Connections Notes to the Accounts

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 11

RCCG - Liberty Christian Connections Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Other trading activities
Investments
Other
Total
Expenditure on:
Raising funds
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Voluntary Income
4
Income from charitable activities
Charitable Activities		 Unrestricted
funds
2021
£
320,250
60,803
33,340
21
30,539
444,953
67,808
31,293
123,153
222,254
222,699
222,699
222,699
655,540
878,239
Unrestricted
£
331,334
331,334
Unrestricted
£
64,716
64,716		 Restricted
funds
2021
£
-
-
-
-
54,209
54,209
31,242
-
22,967
54,209
-
-
-
-
-
Total
2022
£
331,334
331,334
Total
2022
£
64,716
64,716		 Total funds
2021
£
320,250
60,803
33,340
21
84,748
499,162
99,050
31,293
146,120
276,463
222,699
222,699
222,699
655,540
878,239
Total
2021
£
320,250
320,250
Total
2021
£
60,803
60,803

Page 12

RCCG - Liberty Christian Connections Notes to the Accounts

5
Income from other trading activities
Bookshop
Pre School
6
Income from investments
Bank Interest
7
Other income
Gift Aid Claimed
Rental Income
Grant Income
8
Expenditure on raising funds
Costs of generating voluntary
income
Voluntary Income
Fundraising trading costs
Pre School		 Unrestricted
£
335
58,103
58,438
Unrestricted
£
59
59
Unrestricted
£
64,399
10,909
-
75,308		 Total
2022
£
335
58,103
58,438
Total
2022
£
59
59
Total
2022
£
64,399
10,909
-
75,308		 Total
2021
£
324
33,016
33,340
Total
2021
£
21
21
Total
2021
£
30,539
-
54,209
84,748
Unrestricted
£
81,353
52,635
133,988		 Total
2022
£
81,353
52,635
133,988		 Total
2021
£
58,573
40,477
99,050

Page 13

RCCG - Liberty Christian Connections Notes to the Accounts

9 Expenditure on charitable activities

Expenditure on charitable
activities
Charitable Activities
Grants made
Governance costs
10 Analysis of grants
Activity or programme
Advancement of Christian
Faith
Activity or programme
Advancement of Christian
Faith		 Unrestricted
£
27,086
48,056
75,142
Grants to
Institutions
£
48,056
48,056
Activities
undertaken
directly
£
48,056
48,056		 Total
2022
£
27,086
48,056
75,142
Total
2022
£
48,056
48,056
Total
2022
£
48,056
48,056		 Total
2021
£
1,210
30,083
31,293
Total
2021
£
30,083
30,083
Total
2021
£
30,083
30,083

Page 14

RCCG - Liberty Christian Connections Notes to the Accounts

11 Other expenditure

11 Other expenditure
Unrestricted Total Total
2022 2021
£ £ £
Bookshop 13,102 13,102 649
Bank loan and overdraft
interest payable		 33,726 33,726 34,565
Other interest payable 21,231 21,231 10,783
Employee costs 34,252 34,252 27,322
Motor and travel costs 10,826 10,826 11,232
Premises costs 27,531 27,531 25,618
Amortisation, depreciation,
impairment, profit/loss on 14,292 14,292 10,197
disposal of fixed assets
General administrative costs 26,600 26,600 24,554
Legal and professional costs 2,948 2,948 1,200
184,508 184,508 146,120
12 Net income before transfers
2022 2021
This is stated after charging: £ £
Depreciation of owned fixed assets 14,292 10,197
Auditors' remuneration 1,200 1,000
13 Staff costs
2022 2021
Salaries and wages 30,052 22,967
30,052 22,967
No employee received emoluments in excess of £60,000.
The average monthly number of full time equivalent employees during the year was as follows:
2022 2021
Number Number
Church Office 2 2
Pre-School 5 5
7 7

Page 15

RCCG - Liberty Christian Connections Notes to the Accounts

14 Tangible fixed assets

14 Tangible fixed assets
Land and
buildings
£
Cost or revaluation
At 1 January 2022
1,751,639
Additions
-
Disposals
(772)
At 31 December 2022
1,750,867
Depreciation and
impairment
At 1 January 2022
-
Depreciation charge for the
year
-
Disposals
-
At 31 December 2022
-
Net book values
At 31 December 2022
1,750,867
At 31 December 2021
1,751,639
15 Debtors
Other debtors
Prepayments and accrued income
16 Creditors:
amounts falling due within one year
Trade creditors
Other taxes and social security
Other creditors
Accruals		 Office &
Church
Equipment		 Motor
Vehicle		 Furniture &
Fittings
£
65,181
-
(10,300)
54,881
35,605
3,855
-
39,460
15,421
29,576		 Total
£
1,900,384
46,538
(18,491)
£
81,714
46,538
(5,569)
122,683
70,498
10,437
-
80,935
41,748
11,216		 £
1,850
-
(1,850)
-
1,850
-
(1,850)
-
-
-
2022
£
16,950
30,425
47,375
2022
£
14,329
3,913
(745)
1,928,431
107,953
14,292
(1,850)
120,395
1,808,036
1,792,431
2021
£
33,176
-
33,176
2021
£
24,676
16,315
15,858
2,409 1,200
19,906 58,049
Mortgage is secured on the Church Building
17 Creditors:
amounts falling due after more than one year
Bank loans and overdrafts
Other loans		 2022
£
696,434
254,374
950,808		 2021
£
728,320
280,962
1,009,282

Page 16

RCCG - Liberty Christian Connections Notes to the Accounts

18 Movement in funds

Restricted funds:
Unrestricted funds:
General funds
Total funds
19 Analysis of net assets between funds
Fixed assets
Net current assets
Creditors due in more than one year and
provisions
20 Reconciliation of net debt
Cash and cash equivalents		 At 1 January
2022
878,239
878,239		 Incoming
resources
(including
other
gains/losses
)
£
529,855
529,855
Unrestricted
funds
£
1,808,036
157,228
(49,136)
1,916,128
At 1 January
2022
£		 Resources
expended
£
(393,638)
(393,638)
Restricted
funds
£
-
-
(901,672)
(901,672)
Cash flows
£		 At 31
December
2022
£
1,014,456
1,014,456
Total
£
1,808,036
157,228
(950,808)
1,014,456
At 31
December
2022
£
119,963 9,796 129,759
119,963
(280,962)
(728,320)		 9,796 129,759
(254,374)
(696,434)
Borrowings 26,588
Bank loans 31,886
Net debt (1,009,282)
(889,319)		 58,474
68,270		 (950,808)
(821,049)

Page 17

RCCG - Liberty Christian Connections Notes to the Accounts

21 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2022 2022 2021 2021
Land and
buildings		 Other Land and
buildings		 Other
£ £ £ £
Operating leases with expiry date:
Pension commitments
2022 2021
£ £
Unpaid contributions due to the fund are
included in other creditors and amounted to: - 467

Page 18

RCCG - Liberty Christian Connections Statement of Cash flows

for the year ended 31 December 2022

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
(Increase)/Decrease in trade and other receivables
(Decrease)/Increase in trade and other payables
Net cash provided by operating activities
Cash flows from investing activities
Proceeds from sales of property, plant and equipment
Payments for property, plant and equipment
Dividends, interest and rents from investments
Net cash from/(used in) investing activities
Cash flows from financing activities
Repayment of borrowings
Net cash (used in)/from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2022
£
136,217
14,292
(75,367)
(14,199)
(38,143)
22,800
16,641
(46,538)
75,367
45,470
(58,474)
(58,474)
9,796
119,963
129,759		 2021
£
222,699
10,197
(84,769)
12,699
3,038
163,864
-
(165,446)
84,769
(80,677)
24,795
24,795
107,982
11,981
119,963
Components of cash and cash equivalents
Cash and bank balances 129,759 119,963
129,759 119,963

Page 19

RCCG - Liberty Christian Connections Detailed Statement of Financial Activities

for the year ended 31 December 2022

Income and endowments from:
Donations and legacies
Voluntary Income
Charitable activities
Charitable Activities
Other trading activities
Bookshop
Pre School
Investments
Bank Interest
Other
Gift Aid Claimed
Rental Income
Grant Income
Total income and endowments
Expenditure on:
Costs of generating donations and
legacies
Voluntary Income
Costs of other trading activities
Pre School
Total of expenditure on raising
funds
Charitable activities
Charitable Activities
Grants made
Total of expenditure on charitable
activities
Other expenditure
Bookshop		 Unrestricted
funds
2022
£
331,334
331,334
64,716
64,716
335
58,103
58,438
59
59
64,399
10,909
-
75,308
529,855
81,353
81,353
52,635
52,635
133,988
27,086
48,056
75,142
75,142
13,102		 Total funds
2022
£
331,334
331,334
64,716
64,716
335
58,103
58,438
59
59
64,399
10,909
-
75,308
529,855
81,353
81,353
52,635
52,635
133,988
27,086
48,056
75,142
75,142
13,102		 Total funds
2021
£
320,250
320,250
60,803
60,803
324
33,016
33,340
21
21
30,539
-
54,209
84,748
499,162
58,573
58,573
40,477
40,477
99,050
1,210
30,083
31,293
31,293
649

Page 20

RCCG - Liberty Christian Connections Detailed Statement of Financial Activities

Bank loan and overdraft interest
payable
Other interest payable
Employee costs
Salaries/wages
Temporary staff
Motor and travel costs
Vehicles - General costs
Vehicles - Insurance and licences
Premises costs
Rates
Light, heat and power
Premises repairs and
maintenance
General administrative costs,
including depreciation and
amortisation
Depreciation of Office & Church
Equipment
Depreciation of Motor Vehicle
Depreciation of Furniture &
Fittings
Bank charges
General insurances
Information and publications
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Audit/Independent examination
fees
Consultancy fees
Total of expenditure of other costs
Total expenditure
Net gains on investments		 33,726
21,231
68,059
30,052
4,200
34,252
5,494
5,332
10,826
1,197
20,178
6,156
27,531
10,437
-
3,855
3,320
1,872
200
237
6,759
3,333
2,533
479
7,867
40,892
2,500
448
2,948
184,508
393,638
-		 33,726
21,231
68,059
30,052
4,200
34,252
5,494
5,332
10,826
1,197
20,178
6,156
27,531
10,437
-
3,855
3,320
1,872
200
237
6,759
3,333
2,533
479
7,867
40,892
2,500
448
2,948
184,508
393,638
-		 34,565
10,783
45,997
22,967
4,355
27,322
5,411
5,821
11,232
2,474
15,571
7,573
25,618
2,803
-
7,394
2,836
1,722
169
207
8,034
3,603
1,143
3,631
3,209
34,751
1,200
-
1,200
146,120
276,463
-

Page 21

RCCG - Liberty Christian Connections Detailed Statement of Financial Activities

Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 136,217
136,217
-
136,217
878,239
1,014,456		 136,217
136,217
-
136,217
878,239
1,014,456		 222,699
222,699
-
222,699
655,540
878,239

Page 22