2024-12-31-accounts - Redeemed Christian Church Of God (Rccg) Liberty Christian Connections

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RCCG - Liberty Christian Connections

Charity No. 1099911

Trustees' Report and Unaudited Accounts

31 December 2024

RCCG - Liberty Christian Connections Contents

	Pages
Trustees' Annual Report	2 to 4
Independent Examiner's Report	5 to 5
Statement of Financial Activities	6 to 6
Balance Sheet	7 to 7
Statement of Cash flows	8 to 16
Notes to the Accounts	17 to 17
Detailed Statement of Financial Activities	18 to 20

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 2024.

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

OBJECTIVES AND ACTIVITIES

Policies and Objectives

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:

Page 2

RCCG - Liberty Christian Connections Trustees Annual Report

Planted two new churches: The Beacon Generation (youth-focused) and Light Bearers Christian Connections.

Hosted monthly and annual conferences and retreats including Sons of Issachar, Deborah Arise, City Changers, and Liberty All Nations Day.

Weekly evangelism and strategic outreach to diverse communities

Operated Liberty Care Connect Group offering meals and ministry to the less privileged.

Expanded Liberty Day Nursery to full-day service with work placements and extended hours.

Missions to Northern Nigeria and continued support for the Malawi Care Project.

The trustees confirm they have had regard to the Charity Commission’s guidance on public benefit and believe the charity’s activities clearly demonstrate benefit to the public.

ACHIEVEMENTS AND PERFORMANCE

Over 200 attendees at prayer retreats and over 250 at Easter Ladies Breakfast with civic leaders present.

Successful evangelism campaigns including March for Jesus and weekly outreach. Nursery expansion supported working parents and unemployed trainees.

Building improvements and increased volunteer engagement. Transition in finance leadership with effective continuity.

Over 26,000 emails and 20,000+ WhatsApp messages sent for church administration and engagement.

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 charity maintained financial stability through prudent management and leadership transition in the finance department.

Financial Position (Para 1.21):

The charity maintained financial stability through prudent management and leadership transition in the finance department.

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.

PLANS FOR FUTURE PERIODS

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

a. Constitution

b. Method of appointment or election of Trustees

Page 3

RCCG - Liberty Christian Connections Trustees Annual Report

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 December 2024

Page 4

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 2024.

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:

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 concerning the form and content of financial statements set out in the Charities (Accounts and Reports) 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 financial statements to be reached.

Oluyemisi Owete FAIA Marvelous Ventures 71 Kentlea Road Thamesmead London

SE28 0JY 31 December 2024

Page 5

RCCG - Liberty Christian Connections Statement of Financial Activities

for the year ended 31 December 2024

Unrestricted funds	Total funds	Total funds
2024	2024	2023
£	£	£

244,687	244,687	277,590
128,018	128,018	85,108
62,490	62,490	56,790
71	71	43
50,907	50,907	49,750
486,173	486,173	469,281

85,997	85,997	149,197
93,655	93,655	110,465
201,907	201,907	207,600
381,559	381,559	467,262
-	-	-
104,614	104,614	2,019
-	-	-
104,614	104,614	2,019

104,614	104,614	2,019

1,016,475	1,016,475	1,014,456
1,121,089	1,121,089	1,016,475

Page 6

RCCG - Liberty Christian Connections Balance Sheet

at 31 December 2024

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 December 2024	2024 £ 1,815,067 1,815,067 50,648 90,497 141,145 (22,986) 118,159 1,933,226 (812,137) 1,121,089 1,121,089 1,121,089 1,121,089 1,121,089	2023 £ 1,819,893
		1,819,893 31,813 114,248
		146,061 (64,945)
		81,116 1,901,009 (884,534)
		1,016,475
		1,016,475
		1,016,475
		1,016,475
		1,016,475

And signed on their behalf by:

S.T. Fawole Trustee 31 December 2024

Page 7

RCCG - Liberty Christian Connections Notes to the Accounts

for the year ended 31 December 2024

1 Accounting policies

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

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain 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 legacies 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 gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

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 8

RCCG - Liberty Christian Connections Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management 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.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

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 9

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 10

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 £ 244,687 244,687 Unrestricted £ 128,018 128,018	Unrestricted funds 2023 £ 277,590 85,108 56,790 43 49,750 469,281 149,197 110,465 207,600 467,262 2,019 2,019 2,019 1,014,456 1,016,475 Total 2024 £ 244,687 244,687 Total 2024 £ 128,018 128,018	Total funds 2023 £ 277,590 85,108 56,790 43 49,750
			469,281 149,197 110,465 207,600
			467,262
			2,019
			2,019
			2,019 1,014,456
			1,016,475
			Total 2023 £ 277,590
			277,590
			Total 2023 £ 85,108
			85,108

Page 11

RCCG - Liberty Christian Connections Notes to the Accounts

Unrestricted £ 89 62,401 62,490 Unrestricted £ 71 71 Unrestricted £ 50,907 50,907	Total 2024 £ 89 62,401 62,490 Total 2024 £ 71 71 Total 2024 £ 50,907 50,907	Total 2023 £ 242 56,548
		56,790
		Total 2023 £ 43
		43
		Total 2023 £ 49,750
		49,750

Unrestricted £ 30,384 55,613 85,997 Unrestricted £ 55,513 13,232 24,910 93,655	Total 2024 £ 30,384 55,613 85,997 Total 2024 £ 55,513 13,232 24,910 93,655	Total 2023 £ 88,492 60,705
		149,197
		Total 2023 £ 53,633 17,169 39,663
		110,465

Page 12

RCCG - Liberty Christian Connections Notes to the Accounts

10 Analysis of grants

Grants to

10 Analysis of grants	Grants to
Activity or programme Advancement of Christian Faith Activity or programme Advancement of Christian Faith 11 Other expenditure Bookshop Bank loan and overdraft interest payable Other interest payable Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 12 Net income before transfers This is stated after charging: Depreciation of owned fixed assets Auditors' remuneration	Institutions £ 24,910 24,910 Grant funding of activities £ 24,910 24,910 Unrestricted £ - 38,008 83 44,077 16,738 43,309 16,199 31,219 12,274 201,907 2024 £ 16,199 -	Total 2024 £ 24,910 24,910 Total 2024 £ 24,910 24,910 Total 2024 £ - 38,008 83 44,077 16,738 43,309 16,199 31,219 12,274 201,907	Total 2023 £ 39,663
			39,663
			Total 2023 £
			39,663
			39,663
			Total 2023 £ 9,223 41,981 97 50,532 13,725 24,084 17,256 48,102 2,600
			207,600
			2023 £ 17,256 1,750

Page 13

RCCG - Liberty Christian Connections Notes to the Accounts

13	Staff costs
				2024		2023
	Salaries and wages			41,977		46,332
				41,977		46,332
	No employee received emoluments in excess of £60,000.
	The average monthly number of full time equivalent employees during the year was as follows:
				2024		2023
				Number		Number
	Church Office			-		2
	Pre-School			-		6
				-		8
14	Tangible fixed assets
		Land and buildings	Office & Church Equipment	Motor Vehicle	Furniture & Fittings	Total
		£	£	£	£	£
	Cost or revaluation
	At 1 January 2024	1,750,867	151,796	-	54,881	1,957,544
	Additions	-	5,074	-	6,299	11,373
	At 31 December 2024	1,750,867	156,870	-	61,180	1,968,917
	Depreciation and
	impairment
	At 1 January 2024	-	95,107	-	42,544	137,651
	Depreciation charge for the	-	12,352	-	3,847	16,199
	year
	At 31 December 2024	-	107,459	-	46,391	153,850
	Net book values
	At 31 December 2024	1,750,867	49,411	-	14,789	1,815,067
	At 31 December 2023	1,750,867	56,689	-	12,337	1,819,893
15	Debtors
				2024		2023
				£		£
	Other debtors			47,932		15,747
	Prepayments and accrued income			2,716		16,066
				50,648		31,813

Page 14

RCCG - Liberty Christian Connections Notes to the Accounts

16 Creditors:

16 Creditors:
amounts falling due within one year Trade creditors Other taxes and social security Accruals	2024 £ 4,286 16,950	2023 £ 39,241 11,954
	1,750	13,750
	22,986	64,945

Mortgage is secured on the Church Building

17 Creditors:

amounts falling due after more than one year

Bank loans and overdrafts Other loans 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	At 1 January 2024 1,016,475 1,016,475	2024 £ 632,262 179,875 812,137 Incoming resources (including other gains/losses ) £ 486,173 486,173 Unrestricted funds £ 1,815,067 118,159 (4,311) 1,928,915	Resources expended £ (381,559) (381,559) Restricted funds £ - - (807,826) (807,826)	2023 £ 667,880 216,654
				884,534
				At 31 December 2024 £ 1,121,089
				1,121,089
				Total £ 1,815,067 118,159 (812,137)
				1,121,089

Page 15

RCCG - Liberty Christian Connections Notes to the Accounts

20 Reconciliation of net debt

20 Reconciliation of net debt
Cash and cash equivalents Borrowings Bank loans Net debt	At 1 January 2024 £	Cash flows £	At 31 December 2024 £
	114,248	(23,751)	90,497
	114,248 (216,654) (667,880)	(23,751)	90,497 (179,875) (632,262)
		36,779
		35,618
	(884,534) (770,286)	72,397 48,646	(812,137)
			(721,640)

Page 16

RCCG - Liberty Christian Connections Statement of Cash flows for the year ended 31 December 2024

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 Payments for property, plant and equipment Dividends, interest and rents from investments Net cash from investing activities Cash flows from financing activities Repayment of borrowings Net cash used in financing activities Net decrease 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	2024 £ 104,614 16,199 (50,978) (18,835) (41,959) 9,041 (11,373) 50,978 39,605 (72,397) (72,397) (23,751) 114,248 90,497	2023 £ 2,019 17,256 (49,793) 15,562 45,039
		30,083 (29,113) 49,793
		20,680
		(66,274)
		(66,274)

		(15,511)
		129,759
		114,248

Components of cash and cash equivalents
Cash and bank balances	90,497	114,248

	90,497	114,248

Page 17

RCCG - Liberty Christian Connections Detailed Statement of Financial Activities

for the year ended 31 December 2024

Income and endowments from: Donations and legacies Voluntary Income Charitable activities Charitable Activities Other trading activities Conferences & Retreats Investments Bank Interest Other Gift Aid Claimed Total income and endowments Expenditure on: Costs of generating donations and legacies Voluntary Income Costs of other trading activities Conferences & Retreats Total of expenditure on raising funds Charitable activities Charitable Activities Grants made Total of expenditure on charitable activities Other expenditure Bookshop	Unrestricted funds 2024 £ 244,687 244,687 128,018 128,018 89 62,401 62,490 71 71 50,907 50,907 486,173 30,384 30,384 55,613 55,613 85,997 55,513 13,232 24,910 93,655 93,655 -	Total funds 2024 £ 244,687 244,687 128,018 128,018 89 62,401 62,490 71 71 50,907 50,907 486,173 30,384 30,384 55,613 55,613 85,997 55,513 13,232 24,910 93,655 93,655 -	Total funds 2023 £ 277,590
			277,590
			85,108
			85,108
			242 56,548
			56,790
			43
			43
			49,750
			49,750
			469,281 88,492
			88,492
			60,705
			60,705
			149,197 53,633 17,169 39,663
			110,465
			110,465 9,223

Page 18

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 Travel and subsistence 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 Equipment expensed 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	38,008 83 38,091 41,977 2,100 44,077 4,063 12,675 - 16,738 1,885 23,835 17,589 43,309 12,352 - 3,847 2,290 271 2,627 338 208 8,811 2,912 6,587 218 6,957 47,418 1,988 10,286 12,274 201,907 381,559	38,008 83 38,091 41,977 2,100 44,077 4,063 12,675 - 16,738 1,885 23,835 17,589 43,309 12,352 - 3,847 2,290 271 2,627 338 208 8,811 2,912 6,587 218 6,957 47,418 1,988 10,286 12,274 201,907 381,559	41,981 97
			51,301
			46,332 4,200
			50,532
			5,009 8,687 29
			13,725
			667 13,308 10,109
			24,084
			14,172 - 3,084 2,894 218 2,279 196 112 12,550 2,594 7,432 14,380 5,447
			65,358
			2,500 100
			2,600

			207,600
			467,262

Page 19

RCCG - Liberty Christian Connections Detailed Statement of Financial Activities

RCCG - Liberty Christian Connections Detailed Statement of Financial Activities
Net gains on investments 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	- 104,614 104,614 - 104,614 1,016,475 1,121,089	- 104,614 104,614 - 104,614 1,016,475 1,121,089	-
			2,019
			2,019 -
			2,019
			1,014,456
			1,016,475

Page 20