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|||Pacae|
|---|---|---|
|Trustees and|Advisers||
|Trustees'
Report||2-3|
|Independent|Examiner s Report to the Trustees||
|Statement of|Financial Activities||
|Balance sheet|||
|Notes forming|part ofthe Financial Statement|5-18|
##
|Minister|ln|Charge:
Pastor Ade Oluwayinka|||
|---|---|---|---|---|
|Trustees:||Samuel Oladele Bakare|||
|Secretary:||Adeolu Adewuyi|||
|Registered||Office:
111Brockles Mead Harlow|||
|||London, CM19 4PX|||
|Charity|No|1103374|||
|Bankers||Barclays|||
|||Account: 00667854|||
|||Sort Code: 203698|||
|Accountants:||MOSES-BOLE &CO|||
|||CERTIFIED PROFESSIONAL ACCOUNTANTS/||TAXADVISERS|
|||&BUSINESS CHARTERED MANAGEMENT|CONSULTANTS||
|||39Saints Brelades Court|||
|||Balmes Road|||
|||Hackney IIslington|||
|||LONDON
N1 5TW|||
|||Tel: 020 79234660|||
|||Mobile: 0758407 5572|||
|OF FINANCIAL ACTIVITIES F|OR THE YEAR|ENDED 31STD|ECEMBER 2022|ECEMBER 2022|||
|---|---|---|---|---|---|---|
||||Restricted|||Prior|
||Note|Unrestricted|income|Endowmz|Total|year|
|||Funds|Funds|Funds|Funds|Funds|
|||R|R|E|R|R|
|Recommended
catelorles by actlvlty|||||||
|lncomlnI resources|||||||
|Income and endowments|from:||||||
|Donations
and legacies
Total
Resources expended|3|220,823.58
220,823.58|||220,823.58
220,823.58|138,060
138,060|
|Expenditure
on:|||||||
|Direct Cost
Support Cost
Governance
Cost|4
4
5|67,721.27
53,152.11
2,420.00|||67,721.27
53,152.11
2,420.00|48,789
64,201
2,420|
|Total||123,293.38|||123,293.38|115,410|
|Net movement
in funds||97,530.20|||97,530.20|22,650|
|Reconclllatlon
ofAmds:|||||||
|Total funds brought
forward
Total funds carried forward||278,194.39
375,724.59|||278,194.39
375,724.59|255,544
278,194|
|||||Restricted|||Total|
|---|---|---|---|---|---|---|---|
|||Notes|Unrestricted|income|Endowmer|Total|Last|
|Fixed assets|||Funds
E|Funds
L'|Funds
E|Fundsf|Year
E|
|Tangible assets
Total fixed assets||7|237643.93
237,643.93|||237643.93
237,643.93|246,207
246,207|
|Current assets||||||||
|Cash at bank and in hand
Total current assets||9|224,766.52
224766.52|||224,766.52
224 766.52|131,184
131184|
|Creditors: amounts|falling due within one year|8|6,179.10|||6,179.10|7,429|
|Net current assetsl(liabilities)|||21&,587.42|||218,587A2|123,754|
|Creditors: amounts|falling due after one year|8|80,506.76|||80,506.76|91,767|
|Total net assets or liabilities
Funds ofthe Charity|||375,724.59|||375,724.59|278,194|
|Unrestricted
funds
Revaluation
reserve|||375,724.59|||375,724.59|276,194|
|Total funds|||375724.59|||375724.59|278 194|
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|Analysis efexpendi|ture||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Restricted|||Prior|
|Analysis ofexpenditure||||||Unrestricted|income|Endowmer|Total|year|
|||||||Funds|Funds|Funds|Funds|Funds|
|DIRECT COST||||||||||E|
|Visiting
Minister Honoradum||8|Expenses|||1,750.00|||1,750.00|250|
|Conference Attendance||||||1,700.00|||1,700.00|420|
|WEM||||||12,977.96|||12,977.96|8,208|
|Sunday School /Training|Expenses|||||790.00|||790.00|320|
|Gifts 8 Donations
&charitable|||activities|||4,215.22|||4,215.22|1,329|
|Welfare||||||450.00|||450.00|2,600|
|Electricity 8 Gas||||||4,559.31|||4,559.31|2,681|
|Pastor's Salary &Allowance||||||25,200.00|||25,200.00|25,200|
|Insurance||||||1,144.02|||1,144.02|2,500|
|Vehicle Expenses - road|tax,|parking,|||licence|5,115.05|||5,115.05|723|
|Repairs 8 Maintenance||||||3,065.85|||3,065.85|355|
|Printing,
Postage &Stationary||||||3,610.04|||3,610.04|633|
|Telephone,
fax,internet&|Zoom|||||1,858.82|||1,858.82|1,405|
|Choir/ Key Board/ Music|Expenses|||||1,285.00|||1,285.00|2,164|
|||||||67,721.27|||67,721.27|48,789|
|SUPPORT COST|||||||||||
|Church Maintenance
Expenses||||||4,291.52|||4,291.52|3,624|
|Travel, Fuel 8 Hotel||||||1,759.40|||1,759.40|4,023|
|Entertainment/Refreshments||||||1,511.29|||1,511.29|426|
|Books &Tape||||||0.00||||86|
|Youth &Children
Department||||||1,975.33|||1,975.33|455|
|P A YE/ NIC||||||2,005.60|||2,005.60|5,022|
|Pension||||||2,142.40|||2,142.40|5,775|
|Water, General Rate||||||276.67|||276.67|242|
|Bank Charges,
interests|8 commissions|||||1,425.86|||1,425.86|1,035|
|Outreach
8 Evangelism||||||2,200.00|||2,200.00|845|
|Computing
&Software Expenses||||||1,048.38|||1,048.38|316|
|Depreciation||||||11,174.92|||11,174.92|10,653|
|RCCG - Central 01Tice||||||2,500.00|||2,500.00|19,540|
|Security &Fire Control Expenses||||||723.00|||723.00|201|
|Packaging||||||0.00||||105|
|Building Expansion
Expenses||||||1,332.00|||1,332.00|305|
|Rent||||||11,656.21|||11,656.21|11,472|
|Gift Aid Aministration
Cost||||||6,611.85|||6,611.85||
|Multi Media Studio/Communication||||Exps.||517.68|||517.68|76|
|||||||53,152.11|||53,152.11|84,201|
|TOTAL DIRECT &SUPPORT COSTS||||||120,8'73.38|||120,873.38|112,990|
|prove
by your independent
examiner.
box(es).|prove
by your independent
examiner.
box(es).|Ifn|othing was pa|id plea|se enter 0 in t|he appropriate|
|---|---|---|---|---|---|---|
|GOVERNANCE
COST|||||This Year|Last Year|
|Independent|examiner's fees||||510.00|510.00|
|Assurance|services other than audit or independent|examination|||365.00|365.00|
|Other fees
paid to the|(for example: financial advice, consultancy,
independent
examiner||accountancy|servi&|1,545.00|1,545.00|
||||||2,420.00|2,420.00|
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|Please complete
this note ifthe charity has any
6.1 Staff Costs|employees.||
|---|---|---|
||This Year|Last Year|
||E||
|Salaries and wages
Social security costs|25,200.00|25,200|
|Pension costs (defined
Other employee
benefits|2,142.40|5,775|
|Total staff costs|27,342.40|30,975|
|THE REDEEMED CHRISTIAN CHURCH OF GOD LORD SVINE NOTES TO THE
ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31STDECEIIIIBER2022
Note 8
Creditors and accruals|THE REDEEMED CHRISTIAN CHURCH OF GOD LORD SVINE NOTES TO THE
ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31STDECEIIIIBER2022
Note 8
Creditors and accruals||
|---|---|---|
|Please complete this note ifthe charity has any creditors oraccruals.
Prior|Year||
|Amounts
falling due
8.1 Analysis ofcreditors
Within
More Than
Amounts
Within|fallin
More|due
Than|
|1 Year
1Year
1 Year|1 Year||
|Other creditors (Card balance)
Accruals
and deferred
income
Mortgage
Repayable
By Instalment
Total
80,506.76
80,506.76
6,179.10
8
8
1,764.10
4,415.00
8
3,069
4,360
7,429||91,767
91,767|
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