RCCG- Uberty Chrlsthn Connectlons
Charlty No. 1099911
Trustees, Report and Unaudlted Accounts
31 December 2023

RCCG- Llberty Chrfstlan Connectlons
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
2to5
6t06
7t07
Balance Sheet
8t08
Statement of Cash flows
18to18
Notes to the Accounts
9t017
Detailed Statement of Finanaal Activities
19to21
Page I

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 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Charlty No. 1099911
Prlnclpal Office
Liberty House
Clarks Road
Ilford
IGI IUG
Trustees
The following trustees served during the year:
A. Bamgbose
S.T. Fawole
O. Owolabi
Key Managernent Personnel
General Overseer
Minister in Charge
Accountants
Pastor E A Adeboye
Pastor Franas Oladimeji
MaNelous Ventures
71 Kentlea Road
Thamesmead
London
SE28 OJY
Bankers
Barclays Bank PLC
41 Woolwich New Road
Woolwich
London
SE18 6NU
OBJECtIVES AND AcfiviTIES
Policies and Objective5
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 E55ex county and beyond.
In addition, to help in the relief of poverty in 311 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.
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RCCG- Llberty Christian Connections
Trustees Annual Report
The charitws main objectives for the year were-
Setting up new church parishes and community centres
Organising conferences, seminars, ￿lebratIOnS. and small group meetings.
Improving on the Love Year Neighbour scheme (Homeless Feedingl in reaching out to alcoholics. drug addicts
and other less privileged in the community.
Improving on the annual March for Jesus conference to find out emer8in8 issues in the community and to
foster good relationship Finding out through our weekly Evangelism programme how Liberty Christian
Connections can assist the Borough in alleviating poverty and meeting the needs of the community.
Upgrading the facilities provided in the Liberty Preschool & Nursery to accommodate more chlldren and
provide Breakfast and After School Clubs to working parents.
Re5USCitate Liberty Academy programmes to provide training and employment within the Care Industry as
well as provide training in Basic Lrfe Skills to the unemployed.
Grant making policies
Under the Common Purposes Agreement (see above), Liberty Christian Connections has agreed to make an
annual contribution to RCCG IUKI. In addition, the church SLbpports missionary organisations such as the
World Evangelism Mission. The thurch also provides support to members of the congregation lat the
discretion of the trustees) who are Sn need.
LIBERTY PRESCHOOL- Offering work placement to unemployed people in the community who are
unilertaking a course of stuily in Child Care. Givin8 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 undertakin8 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 workirbg mothers to go to work.
Malawi Care Project:
This project supports over 37 orphans with their education and daily support. Quarterly, the￿ 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 interdenomination31 gathering where all women from Various works of life
gather in a 5Ultable 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 15 prepared for the homeless. vulnerable as well as church members who are
in need. This has become one of the ChariW5 flagship events as attendance grow5 weekly. This has become
one of the Charit(s flagship events as attendance from the community has begun to intrease. 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 f￿e community event run annually by the Charity to spread the Bospel 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.
Pa8e 3

RCCG- Liberty Christian Connertions
Trustees Annual Report
Congregational Health Checks..
Members of the community were able to attend quarterly free health checks run by professionals in the
church. Feedback showed that those who attended were at ease to discuss their issues due to the warmth
and the professionalism of our volunteers.
FATHERING THE FATHERLESS- The Charity donates £50 per month to members of the church who have lost
their fathers. Currently there are seven171 fatherless members who benefit from the scheme.
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 child￿n 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 Fathedess-
ACHIEVEMENTS AND PERFORMANCE
a. Review of activities
Bible Studv
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 a5 in
residential homes, enli8htenin6 them of the love of JesLÈS 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 h3ve responded positively to our
invitation and attended our services.
Page 4

RCCG- Liberty Christlan Connertlons
Trustees Annual Report
Counsellin8
This was made available free of charge mainty 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.
Other activities undertaken to reach out to the Community-
l.The Charity provides food and Clothes to about 300 pupils in Malawi as part of its commitment to support
the cause of orphans in Africa.
2. The Charity does a collection of various items on a regular basls and contributes considerably to Mission to
Africa, sending clothing and provisions to orphans in Malawi.
Made charitable donations to charity organisations.
3. The Charity hope to have a fully functional canteen operating in the premises and providing various
dellcacies for its members and community.
Visits to Residential Homes in Redbridge=
l.The Charity's ongoing commitment to support the Senior Citizens in the community is reinforced by the
weekly visits of our Evangelism Team groups li.e. children, youths and the younger generation) to a couple of
homes where they read, write and socialise with them In a relaxed atmosphere
2.Visited the Homes during Christmas and gave out Christmas presents to all the residents.
b. Investment poliry 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 ￿talfied in interest bearing
accounts.
FINANCIAI REVIEW
a. Investment policy and performance
The trustees have decided that at pre5enL 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
a¢counts.
b. Reserves policy
The Trustees have establishe(l a policy whereby the unrestricted funds not committed or invested in tangible
fixed assets I'the free reserves'l held by the church should be 3 months of annual expenditure. At thi5 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.
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
Page 5

RCCG- Llberty Chrlstlan Connectlons
Trustees Annual Report
we are planning to commence a care project with the vision to reaching our community with the love of
Chrlst. The project will include children and adoles￿nt care projecL adult care projectregeneration project
and eilucation projects
srRucfuRE, GOVERNANCE AND MANAGEMENT
a. ConstltLrtlon
b. Method of appointment or election of Trustees
The church is organised so that the trustees meet regularly to manage 5ts affairs. The day to day
administration of the church is managed by the pastor.
Redeemed Christian Church of God I'RCCG'I knberty Christian Connections 15 a member of the Redeemed
Christian Church of God IRCCGI 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 15 exposed, in particular those related to the
operations and finances of the church, and are satisfied that 5YStems are in place to mitigate our exposure to
the major risks.
Statement of trustees, responsibilitles In relation to the financial ststements
The charity trustees are responsible for preparing a trustees, annual report and financial ststements In
accordance with applicable13w 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 Chartties IAccounts 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 irre8ularitie5.
Signed on behalf of the charity'5 trustees
O. Owolabi
Trustee
25 October 2024
Page 6

RCCG- Liberty Chrlstlan Connectlons
Independent Examlners Report
Independenl Examlner's Report to the trustees of RCCG- Llberty Chrlstlan Connertlons
I report to the trustees on my examination of the financial statements of RCCG- Liberty Christian
Connections for the year ended 31 December 2023.
Responsibilities and basis ol 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 20111'the Act'l.
I report in respect of my examination of the charity's financial statemerhts 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 14515llbl of the Act.
Independent examiner's statement
As the charity's gross income exceeded £250.(KKJ your examiner must be a member of a body listed in
section 145 of the 2011 Act. I confirni that l 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 re5pert:
the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records- or
the financial statements do not comply with the applicable requirements conceming the form and
content of financial statements Set out in the Charitie5 (Accounts and Reportsl Regulations 2008 other
than any requirement that the financial statements give a'true and fair, view which is not a matter
considered as part of an independent examination.
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 flnantlal
statements lo be reached.
Oluyemi5i Owete FAIA
Marvelous Venture5
71 Kentlea Road
Thamesmead
London
SE28 OJY
25 October 2024
Page 7

RCCG - Liberty ChriAian Connections
ststement of Flnan¢lal A¢tlvltles
for the year ended 31 December 2023
UnTestrkted
funds Tot31 funds Total funds
2023
2023
2022
Notes
Income and endowments
from:
Donations and legacies
Charitable activities
Other trading activities
Investments
277.590
85.108
56,790
43
49.750
277,59)
85,108
56.790
43
331,334
64,716
58,438
59
75.308
Other
49,750
Total
469.281
469,281
529,855
Expendlture on:
Raising funds
Charitable activities
Other
149,197
110.465
207.6(K)
149.197
110,465
207,61K)
133,988
75,142
184,508
li
Total
467,262
467,262
393.638
Net gains on investments
Net Income
12
2.019
2,019
136,217
Transfers between fvnds
Net Income before other
gainslllosses)
2.019
2.019
136,217
Other gains and losse5
Net movement in funds
2,019
2,019
136,217
Reconciliation of fund5:
Total funds brought forward
1,014,456
1,014,456
878,239
Totsl funds ¢arrfed forward
1.016.475
1.016.475
1,014,456
Page 8

RCCG- Liberty Christian Connections
Balance Sheet
at 31 December 2023
Charlty No. 1099911
2023
2022
Flxed assets
Tangible assets
14 1,819,893
1,819,893
1.808,036
1,808,036
Current assets
Debtors
Cash at bank and in hand
15
31.813
114.248
146.061
164,9451
81,116
47.375
129,759
177,134
119,9061
157,228
Credltors: Amount falling dve vMthin one year
Net Current assets
16
Total assets less current liabilities
1,901.009
1884,5341
1.016,475
1.965,264
1950,8081
1,014,456
Credltor5: Amounts falling due after more than one year
Net assets excludln8 penslon asset or Ilablllty
17
Totsl net assets
1,016,475
1,014,456
The fund5 of the charity
Restricted funds
Vnrestricted funds
General funds
18
18
1,016.475
1.014,456
1.016.475
1.014,456
Reserves
18
Total funds
1,016.475
1,014,456
Approved by the trnstees on 25 October 2024
And signed on their behalf by-.
S.T. Fawole
Tfustee
25 October 2024
Page 9

RCCG- Llberty Chrlstlan Connectlons
Notes to the Accounts
for the year ended 31 December 2023
l Accounting policies
Basls of preparatlon
The financial statements have been prepared in accordance with Statement of Recommended Practice:
Accounting and Reportirbg by Charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic if Ireland {FRS 1021 issued on 16 Juty 2014 and the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the
Charities Art 2011.
Change in basis of accounting or to pfevious accounts
There ha5 been no change to the accounting policies Ivaluation rules and method of accounting) since
last year and no changes have been made to accounts for previous year5.
Fund accounting
Unrestricted fund5 These are available for use at the discretion of the trustees in furtheran￿ of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are 3vailable for use subjert to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluatlon funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Artivities ISOFAI when the charity
becomes entitled to, and virtually ￿rtain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional entitlement
to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts giftldonation to which it relates.
Donated services
These are only included in income (with an equivalent amount in expenditure)
where the benefrt to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not induded in the accounts.
Investment Income This Is included In the attounts when receivable.
Gainslllossesl on
This includes any gain or loss resultlng from revaluing Investments to market value
revaluation of fixed at the end of the year.
assets
leBa¢ies
and facilities
Gains/llossesl on
investment assets
This includes any gain or loss on the sale of investments.
Page 10

RCCG- Liberty Chrlstlan Connections
Note5 to the Accounts
Expendlture
Recognition of
expenditure
Expenditure is recognised on an accruals basis. Expenditure includes any VAT whSch
cannot be fully recovered. and 15 reported a5 part of the expenditure to which it
relates.
Expenditure on
These comprise the costs associated with attrarting voluntary income, fundraising
raising funds
trading costs and investment man3gement costs.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects, including the making of grants and
governance costs.
All grant expenditure is accounted for on an attual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs associated with meeting the constitutional and statutory
requirements of the Charity, including any auditlindependent examination fees,
costs linked to the strategic management of the Charity, together with a share of
other administration costs.
These are support costs not allocated to a particular artivity.
Grants payable
Governance costs
Other expenditure
Taxatlon
The charity is exempt from tax on its charitsble artivities.
Tangible fixed asset5 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
25% Reducing Balance
Furniture & Fittings
Freehold inve5tmeTrt property
Investment properties are measured initially at C05t 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 stotk 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 debto
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 equlvalents
Cash and cash equivalent5 comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid invèstments wtth orbginal maturities of three month5 or less and bank overdraft5.
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 companws cash management.
Page 11

RCCG- Llberty Chrtstlan Connectlons
Notes to the Accounts
Trade and other (redltors
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 Èvent that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured oi
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 ￿ incurred.
Forelgn curren¢les
Monetary assets and liabilities denominated in currencies other than the funrtional 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 arrTrving at net incomelexpenditure.
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 le550r 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
capltallsed in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreckgted in the same way as owne(i 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 basi5.
Penslon costs
The charity operates 3 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 expense5 when they fall due. Amount5 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 ol donated goods. facilities and ser¥ite5
All donated goods. facilities and service5 received are recogni5ed within incoming resources and
expenditure at an estimate of the value to the charity.
Page 12

RCCG - Liberty Christian Connertions
Notes to the Accounts
2 Statement of Flnanclal Activltle$- prlor year
Unrestrlcted
funds Total funds
2022
2022
Income and endowments from:
Donations and legacles
Charitable activities
Other trading artivities
Investments
331,334
64,716
58.438
59
75,308
331,334
64.716
58,438
59
75,308
Other
Total
529.855
529,855
Expenditure on:
Raising funds
Charitable activities
133,988
75,142
133,988
75,142
184,508
Other
184,508
Totsl
393,638
393,638
Net In¢ome
136,217
136,217
Net Income before other
gainslllossesl
Other gains and losses:
Net movement in fund$
136,217
136,217
136,217
136,217
Re¢on¢iliation of funds..
Total funds brought forward
Total funds carried forward
878,239
878,239
1,014,456
1,014,456
3 lficome from donatlons and legacies
Unrestrlcted
Tolal
2023
Total
2022
Voluntary Income
277,5g
277,590
277,590
277,590
331,334
331,334
4 Income flom (haritable activities
UnTe5tr1rted
Total
Totsl
2023
2022
Charitable Activities
85,108
85,108
85,108
85,108
64,716
64,716
Page 13

RCCG - Llberty Chrlstlan Connectlons
Notes to the Accounts
5 Income from other trading activities
Vnrestricted
Total
Total
2023
2022
Bookshop
Pre School
242
242
335
56,548
56.790
56.548
58,103
58,438
56,790
6 Income from Investments
Unrestrirted
Total
Total
2023
2022
Bank Interest
43
43
59
43
43
59
7 Other Income
Vnre5tr1cted
Totsl
2023
Total
2022
Glft Aid Clalmed
49.750
49.750
64.399
10,909
75,308
49.750
49,750
8 Expenditure on raising funds
Unrestrlrted
Total
Total
2023
2022
Costs of generating voluntory
income
Voluntary Income
Fundroising troding costs
Pre School
88.492
88,492
81,353
60,705
149.197
60,705
149,197
52,635
133,988
Page 14

RCCG - Llberty Christlan Connections
Notes to the Accounts
9 Expenditure on tharitable actlvltles
Unrestricted
Total
Total
2023
2022
Expenditure on choritable
t7ctivities
Charitable Activities
53,633
17,169
39.663
53,633
17.169
39,663
27,086
Grant5 made
48,056
Governance ￿$ts
110.465
110,465
75,142
10 Analysis of grants
Grants to
Institutions
Actlvlty or programme
Total
Ti>tal
2023
2022
Advancement of Christian
Faith
39,663
39,663
48,056
39.663
39,663
48,056
Grant
funding of
activities
Activity or programme
Totsl
2023
Total
2022
Advancement of Christian
Faith
39.663
39,663
48,056
39.663
39,663
48,056
Page 15

RCCG- Llberty Christian Conneclions
Notes to the A¢counts
11 Other expenditure
Unrestrirted
Total
Totsl
2023
2022
Bookshop
Bank loan and overdraft
interest payable
Other interest payable
Employee Costs
Motor and travel costs
9,223
9.223
13.102
41.981
41,981
33,726
97
97
21,231
34,252
10,826
27,531
50.532
13.725
24.084
50,532
13.725
24,084
Premlses costs
Amortisatlon. depreciation.
impairment, profitlloss on
disposal of fixed assets
General administrative costs
17.256
17,256
14,292
48.102
2.6(￿1
207,600
48,102
26,600
2,948
184,508
Legal and professional costs
207,600
12 Net income before transfers
2023
2022
This is stated after charging..
Depreciation of owned fixed assets
Auditors, remuneration
13 Staff costs
17.256
14,292
1.200
2023
2022
Salaries and wages
46,332
46,332
30,052
30,052
No employee received emoluments in excess of £60,0￿.
The average monthly number of full time equivalent employee5 during the year was as follows..
2023
Number
2022
Number
Church Office
Pre-school
P3Ée 16

RCCG- Llberty Christlan Connertlons
Notes to the Ac¢ounts
14 T3n8lble fixed assets
Land and
l)uildings
Offl¢e &
Church
Equlpment
Motor
Furniture &
Fitti
Vehlcle
Total
Q)st or revaluatton
At l January 2023
Additions
1.750.867
122.683
29.113
151.796
$4,881
1.928,431
29,113
1,957,544
At 31 December 2023
Depreclatlon and
impairment
At l January 2023
Depreciation charge for the
year
At 31 December 2023
1,750,867
54.881
PAI.935
39,460
120,395
14.172
3,084
17,256
95.107
42,544
137,651
Net book values
At 31 December 2023
1.750.867
1.750.867
56,689
41,748
12,337
15,421
1.819,893
I.B08.036
At 31 December 2022
15 Debtors
2023
2022
Other debtors
Prepayments and accrued income
15.747
16,066
31.813
16,950
30,425
47,375
16 Credltors:
amounts fallinB due within one year
2023
2022
Trade creditors
Other taxes and social security
Other creditors
Accruals
39.241
11,954
14,329
3.913
17451
2,409
19,906
13.750
64.945
Mortgage is secured on the Church Building
17 Credltors:
amounts falling due after more than one year
2023
2022
Bank loans and overdrafts
Other loans
667.880
216.654
884,534
696,434
254,374
950,808
Page 17

RCCG - Liberty Christian Connections
Notes to the Accounts
18 Movement In funds
Incoming
resouffes
(including
other
At l January galnsllosses
2023
At31
December
2023
Resources
expended
Reslrlcted funds:
Unrestricted funds:
General funds
1.014.456
469,281
1467,2621 1.016.475
Total fund5
19 Analysis of net assets between funds
1.014.456
469,281
1467,2621 1,016,475
Unrestrlrted
lunds
Restricted
funds
Total
Fixed assets
Net current assets
1,819.893
81.116
1,819,893
81,116
Creditors due in more than one year and
provisions
{26,8701
1857,6641 1884,5341
1.874,139
1857,6641 1.016.475
20 Reconclllatlon ot net debt
At31
At l January
2023
December
Cash flows
2023
Cash and cash equivalents
129.759
129.759
115,5111
115,5111
114,248
114,248
Borrowings
Bank loans
1254,3741
1696,4341
1950,8081
37,720
28.554
66,274
1216,6541
1667,8801
1884,5341
Net debt
1821,0491
50.763
1770,2861
Page 18

RCCG- Ilberty Chrlstlan Connertions
Detalled Statement of Flnanclal Artlvltles
lor the year ended 31 December 2023
Unrestricted
funds Total funds
2023
2023
Total funds
2022
Income and endowments Irom:
Donation5 and legacies
Voluntary Income
277,590
277,590
277.590
277.590
331,334
331,334
Charstsble activltles
Charitable Activwties
85.108
85,108
85,108
85,108
64.716
64,716
Other trading attivities
Bookshop
Pre School
242
242
335
58,103
58.438
56,548
56.790
56.548
56.790
Investments
Bank Interest
43
43
43
59
43
59
Other
Gift Aid Claimed
49,750
49.750
64,399
10.909
75,308
49,750
49,750
Total Income and endowments
469.281
469,281
529,855
Expendlture on:
Costs of generating donations and
legacies
Voluntary Income
88.492
88.492
88,492
88,492
81,353
81,353
Costs of other trading activities
Pre School
60.705
60.705
60.705
60,705
52.635
52,635
Total of expenditure on raising
funds
149,197
149,197
133,988
Charitable activitles
Charitable Activities
53.633
17.169
39.663
110.465
53,633
17,169
39,663
110,465
27,086
Grants made
48,056
75,142
Total of expenditure on charitable
activities
110,465
110,465
75,142
Other expenditure
Bookshop
9.223
9.223
13,102
Page 19

RCCG- L5berty Chrlstlan Connertlons
Oetalled Statement of Financial Acilvltie$
Bank loan an(1 overdraft interest
payable
Other interest Payable
41.981
41,981
33,726
97
97
21,231
68,059
51,301
51,301
Employee costs
Salarieslwages
Temporary staff
46.332
4.200
50.532
46.332
4,200
50,532
30,052
4,200
34.252
Motor and travel cost5
Vehicles General costs
Vehicles- Insurance and licences
Fares
5,494
5,332
8.687
29
13.725
8.687
29
13,725
10,826
Premises costs
Rates
667
13,308
667
1,197
20,178
Light, heat and power
Premises repairs and
maintenance
13,308
10,109
10,109
6,156
24.084
24,084
27,531
General adminlstrative costs.
including depreciation and
amortisation
Depreciation of Office & Church
Equipment
Depreciation of Motor Vehicle
Depreciation of Furniture &
Fittings
Bank charges
Equipment expensed
General insurances
Information and publication5
Postage and courier5
Software, IT support and related
costs
14.172
14.172
10,437
3.084
3,855
2.894
218
2,894
218
3.320
2.279
196
2,279
196
112
1,872
200
112
237
12.550
12.550
6,759
Stationery and printing
Subscriptions
Sundry expenses
Telephone. fax and broadband
2.594
7.432
14.380
5.447
65,358
2,594
7,432
14,380
5,447
65,358
3,333
2,533
479
7,867
40.892
Legal and professional costs
Auditllndependent examination
fees
Consultancy fees
2.5
2,500
2,500
i(x)
loo
448
2,600
2,948
Total of expenditure of other Costs
T¢)tsl expendlture
207.600
207,600
184,508
467,262
467,262
393,638
Page 20

RCCG - Llberty Chrlstlan Connertlons
Detailed Statement of Financial Activities
Net gains on investments
Net income
2.019
2,019
136.217
Net Income before other
zalnsl{lossesl
Other Gains
2.019
2,019
136,217
Net movement in fund$
2.019
2,019
136,217
Recondllatlon ot funds:
Total funds brought fonmard
1.014,456
1,014,456
878,239
Total funds carried forward
1.016,475
1,016,475
1,014,456
Page 21