2023-12-31-accounts

REGISTERED CHARITY NUMBER: 1103581 Re rt of Ihe Trustees And LI￿1n onn Stan Kellv & Co Chartered Cenified Accountanis Suite 2, W'enta Bu5ines5 Ccntre l Electric Avciiu¢ Enfield EN3 7XU

Livin Contents of the Financial Ststements rEn Page Report of the Trusiees Independent Examiner's Report Siatement of Financial Actii'ities Balance Sheet Note5 to the Financial Statements 8 10 13 D¢t¥il¢d Statement of Financial Activities 14 10 15

Livin ort of the Trustees The tNstees present (heir rekKbrt with the financial S￿eMen[S of the chartry, for the vear ended 31 December 2023. The trustees have adopted the provisions of Accounting and ReFK)rting bN' Charities." Stdiement of ReconiTnended Practice applicable io chariiies preparing their accounts in acc(Kda]ice with the Financial Retthing Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeciive l Januar). 2019). O&IEcfivES AND ACTIVITIES Objeetil'es #ims The Objects ofthe charity are: The advancement of the thristian religion worldwide- and - The r¢li¢f of pov¢rty worldwi(k. Public benefit sta￿ment In deterniine how best to pursue theqes obieciives. the M￿CeS have tsken on tx)ard the chariti, commission's general yuidance on public benefit and in particular ILS supplementary. public guidance on ihe advaneeinellt ol. religioi) for ihe public b¢n¢ti¢. .It pursues these objectives by ihe operation of a Cent￿ for christian worship at its premises in Barking. Essex. We l)ave several communiiy based initiatives ihat f(Ku5 on a5SiSting the di5advdntaged and the less privileged in our local cominunity and overscas.. W¢ also make regular donaiioTtS ¢0 5¢vernl exi¢rnal ¢)rgOn1￿170ns are better p10¢¢d ￿ further adv#nc¢ varigus ¢auses. Our sile is accessible 10 all %vhen prob)rammes are being and events caier for people from all Works of life. l-his includes youths. children, single. married. men and women. ignifieant aetivities Living tai¢h Conne¢¢ions ha5 0 poli¢y of SUFVOrting up and Coming smo11 businesses within the community. Under the ab)reemeni for common purposes (see alx)veK Living Faith Connections parish has agreed to make annual contribution to RCC(i IIJK}. In addition. the church 5UPlX)rts missionary orbanisa(ions such as Festival of Life and the ￿.,Or1d EvanbTeli¢al Mi5S1011, Atri¢an Mi58ion and other missions and proj¢(1s Within and ou15id¢ the UK. Th¢ church also provides 5UPIKlrt to meimbers of the cong)regialion l ai the discreiion ofihe imsiees} thho are in need. Volunteers Livinb Faith Connections is graieful fly ihe efforts ofiis volunieers who are involved in service provision. It is estimated that about 5(K)O volunteer hours were provided during the ￿rIt￿l. If this IS COll5ervatively valued at £1 1.44 per hour.'I'h¢ volunteer efforts amount to over £50,rAJo. The Charity. ensures that be￿ value is derived from the sterling efforts of its volunteer team. Page I

Livin ort of the Trustees for the Year Ended 31 December 2023 ACHIFVF,MFNT AND PERFORMANCE Charitable activities Impacting our Community: As a purpose driven church, we are a ￿a¢On and a lighthouse to our community. we emphasize the importance of Relationships of service. Generosity & love to our nIem￿r5. Mosi imw)nantly. we strive io make our Communi￿. Flourish through-. BuildingT of relationships with irhdividuals and institutions in the corntnunity. Pursuing our goals ihr(bugh social aciion and ouireaeh io setve the under privileged. deprived. desiiiutr and those who feel rejeLled. Providing plaifomis for people io connect with each ￿her through worship. music. drama etc. Str¢n¥thening the faith of Chri5tian5 through sound biblical ieachiJi¥ f¢llowship ajid prdJ'¢r. Pr()moting and encourdging other iniiiativcs thai adds io the gr0￿h and d¢vel(ymeni of the community. We believe thai we have been sent 10 this port of th¢ world io bring the gospel With its allendani message and assuran¢e of comfort, Yiciory and hope io people through artive engagemeni. Chariiable Aehievements: As part of our aim for community growth and engagement. we an owi door wlicy for all projects and initiatives run by the council and other orgyani70tions within ih¢ conimunily. But. did our besi to enbiabie and support people wiihin the c(Mnmunity through.. Community Event - We encourdged all our meM￿[S io cany oui community engagements as a family which we show'cased regularly during our 5ervice5. Some of the iniLiative5 included: Donation and en¥agement with the homeless, prdyer walk& hospitsl visits and donation& chatting to those who needed encoura¥ement and someone io talk with Communitv Engagements - We resumed our ph}'sical church and retained the online church to support those who were still unable to attend due to health is5ue5 or were just not comfortable in doing so. PTaver Line.. We held a daily prayer line where people could join in to pray for themselves. their families. the community, nation. and the world at large. Conferences & Events.. Differeni conferences and events M'ere held online: {financial seminar. family life, marriage. health etc.} throu¥hout the year. The topic5 are al￿"3y5 relevant. inteft5tin& and cngagiti¥ with several b￿akup groups to address individual qLlCStion5 and to provide 5UPPOrt. Fo￿4 bank- In partnership with other I￿al wups. we colleci n(￿-￿rishable items via our bank which is opened every Sunday. This is then collated and dropped off at the desi£nated coll￿tion trf)ints within the borough. INve5trnent perfortNance Thc trustces havc dccidcd that at prcsen¢ fund5 should be retaincd in banks and building socictics. Any changes in su¢h banking arrdngements should be agreed by ihe kntrd. As faras kM)ssible. funds will be retsined in inkni bearing accounts. Page 2

Livin ort of the Trustees for the Year Ended 31 December 2023 ACHIEVEMENT AND PERFORMANCE Internal and external factors Factors relevani io achieving objectives Th¢ oth¢r singl¢ tnost important fact¢￿ is th¢ ¢ommitm¢nt from m¢m￿rS both fJnan¢ialty and in voluntary, hours. FINANCIAL REVIEW Financial position Durin¥ the vear. the total income generated w'as £li4.681 (2(rp2.. £111.81?). The Charity made a surplus of £8.?72 for the year en(led 31 DecemlKr ?023 { ?022.' surplus of £95). After taking accouni of the operations. Ihe charit) s available fiu)ds stO(NJ ai a deficit of £41,940 for the year ended 31 DeLember 2023 {deficil of£iO.212 as ￿ 31 December 2022). Principal funding sources Th¢ ¢h¥rity's prin¢ip¥l funding is through m¢rntKr5' voluntary contribuiions and d¢)nations . Reserves policy Th¢ Inist¢¢s ar¢ aware of the requirement to have a reserve policy in place and aim to maintain 8 larget balance of a month's worth of fixed operaiional cost ai any given lime. io ensure on going delivet), of its charitsble objecis during an unforeseen down turn in income. 'Ihe Iruslees are fully aware thai (he current level of the unre￿ri￿ed fund is below the required level. 'l-he trnstees have plans in hand 10 address this Siluaiiort and restore the reserwes io the level required. This will be achieved. amongst oiher iniliaiives by cultin&T cost wherever possible. w'hi151 m05t of our re5¢rves have been used up duriiig the }'ew b¢cause ol. ¢lie e¢ononii climate. Going concern The chariiy is still trading despite the challenges experienced during the year. FUTURE PLANS Living l.aith Connection5 continues to explore wa)5 ofevangelisin8 Ln an effective n)anner by raisins ils profile and bTetting more involved in the community. The charil). aims to provide seryices and ocliviiies that are relevani to people on a roundation ofihristian ten￿S and Etliefs in a bid ￿ effeci change in the mml and spiriiual Clima￿ ofthe local boroug>h and tlie country at large. Some of its plan5 include.. Working more with the council to develop more community projects. The Charity aims at reaching out to the youth by 01￿]ng a youth eentre and creating space for the elderly. This build a happier ¢omrnunity and impart the s(Kiety. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is Controll￿ by its goveming documen( a deed of and constitutes an unincotpoJ7ted ch￿1￿. Reeruitment and appointment of new trusttts New trustees are appointed on the basis of the Co[￿lbul]0￿ thev will make to the governanc£ of the organisation atjd the skills that they will cgntribute. Thej. are provided M'ith ¢opi¢s of the Charity Ci)mmission's guidonce to trnstees and given gn introduction ts) the activities of the charity by the e.xiMing board. Page 3

Livin ort of the Trustees STRucfuRE, GOVERNANCE AND MANAGEMETrrr Organisational structure The church is organised so rhat ihe injstees med regularly io manage its atTairs. The miniS￿r in charge manages the day to day adtnini5tration of the church. Connected chariiies - Living Faiih Connertions is a parish of the Redeemed chri￿lan Church of God - a ne￿Ork comprised ol'churches all over the world. There is an agreement for conimon purpose entered inlo by Living Faith Connecti(XLS with the Redeemed Christian ChuKh of God which documents ihis relaiionship. Induction and training of new trustees Policies adopted lor the induction and training of tr7￿CeS. Ex1￿1n8 In￿lee9 are provided with trainings as and when required. REFF.RENCE AND ADMINISTRATIVE DETAJiS Registered Chorit). number 1103581 Prineipal address 301 l.on&? Riding Basildon SS14 IQR Trustees Pastor O Odugbile MT C T Adeoye Mr O O%adiibba MT F. Adcycmi Independent Examiner t)T F.nimaniiel Oloke, FCCA Sian Kelly & Co Chartercd Ccrtified Accountants Suite 2, Wetila Business Cenire l EleciriL Avenue nficld EN3 7XU Approved bv order of the board of trustees on 28 (kI0￿r 2024 arKI signed i)n its behalf by.. Pastor O Odllgbile- Trustee

Exami Faith Conneeiion5 nr RCCG LiTrin Independent examiner's report to the trustees ofRCCG Lii'ing Faith Connections I report to the charity iruslees on my exatninalion of the accounts of RCCG Li￿]ng Faith Connections {the Trust) for the year ended 31 Dwember 2023. Responsibilities and basis of report As the chariry irusiees of rhe 'In￿t you are reswnsible for the preparation of the accounts in accordance wirh the requirements of Ihe Charities Ac(2011 {'the Aet.). I report in respea of m}, examination of ihe Trusvs accounts carried out under Seciion 145 of rhe Act and in caryying out my examinaiion I have followed all applicable Directi(￿5 given by the Charity Commission under Section 145{5Kb) of the Aci. Independent e¥aminer's statement I have Lolmpleled rn}. examincllioll. I tonfim that no material matters have come to my attention in connection witl) the ¢xaminaiion giving m¢ caus¢ io b¢li¢v¢ in any mat¢rial rtsrttl.. accounting records were noi keo in respeci of ihe Tn￿1 as required by Section 130 of the Act: or tli¢ accounts do not accord with those records; or the accounLs do nor compl). with ihe applicablc requirements concerning the forni and content of accounts sei out in the Charities {AccounlS and Reports) Regulaiions ?(M)8 oiher than anv requireinent thai ihe accounts giwe a true and fair view which 15 not a matter considered part of an indqjendeni examinalion. I have no concems and have come across no Imher mallers in connection with ihe examination to which auention should be drawn in thi5 rewrt in order to enable a proper Unde￿(anding of the accounts ￿ be reached. DT Emnthiiu¢l Ulok¢, FLL'A Sian Kelly & Co Chartered Certified Accountants Suite 2. Wenia Business Cenire l Electric A venue Enfield EN3 7XU 28 OctoÈer 2024 Page 5

Livin Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 Unrestricted rund 31.12?2 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 134.681 EXPENDITURE ON Chariiable aetivities ch￿ilable aciivilies 121J58 103,997 Other 7,720 Tot41 126,409 NET INCOME 8,272 95 RECONCILIATION OF FUNDS Tolyl liiiids broiiLThi furward (91.212) (50.3071 TOTAL FUNDS CARRIED FORWARD (41,9401 {50,2121 The notes forni rffjrt ofihese finan¢ial sthtements Page 6

Livin Balance Sheet 31.12.23 Unrestricted rund 31.1? 22 Total funds Notes FIXED A8¢*ETS Tangible assets 132,$41 131,939 CURRENT ASSETS Cash ai bank and in hand {23,$54) {21,9841 CREDITORS Amounis falling due within one year (150.937) (160,1671 NET CURRENT ASsET￿(LIABILITIES) {174,491) TOTAL ASSETS LESS CURRENT LIABILITIES (41.940) {50.2121 NET ASSETSIILIABILITIES) (41.940) 150,2121 IlnrL'%iriLied funds {41.940) 150,212} TOTAL FUNDS {41,940) 150.212) The financial statements were apr￿Ved by the Board of Trusitts and atsthorised for issue on 28 October 2024 and were signed on its behalf by.. Pastor O Odugbile- Trustee Mr C T Adeoye- Trustee The no￿5 forni w ofihese financial siatements Page 7

Livin Note5 to the Financial Statements for the Year Ended 31 December 2023 ACCOUNTING POLICIF.S Basis of preparing the financial statements The financial sthiements of the charity. which is a public benefii entity under FRS 102, have been prepared in accordance w'ith the Charities SORP (FRS 102) 'Accountin¥ and Reportin¥ b), Charilies.. Statement of Recommended Practice applicable io charities preparing their accounts in accord￿]Ce with the Fiiiai)cial Reporting Siandard applicable in ihe UK and Republic of Ireland IFRS 1021 (effeciive l January 2019}', Financial Reporting Siandard 10? 'The Financial Reporting Standard applicable in the UK and Republic of Iieland. and the Charilies Act 2011. The financial staiements have prepared under the hisiorical cosi conveniion. Incorne All income is recognised in the Siaiemcni of Financial Aaiviiies once the charl￿. has eniirlemeni to the funds, it is pn)bable ihat the income will be received and the amount can ￿ measured ￿liablY. Expenditure Liabilitie5 are recognised as eypendiiure as s(M)n as thffe is a legal or consiructive obligation committing the charity ¢0 that ¢xpendiiur¢, il is probabl¢ that a transf¢r of ¢¢ononii¢ kn¢fits will be requir¢d in s¢tileni¢nt and th¢ ainount of the obligation can be nieasured reliably. Expendiiure is accounied for on an accThals basis and has been classified under headinb)s that aggregate all cosi related 10 ihe caiegory.. Where costs cannoi be direcil>' auribuied io particular headings they have been pllocakd to aclivilies on a basis coDsisieni M'ith the use of resource5. Tangible fixed 055¢1s Depreciation is provided at ihe following annual rdles in order to write oifeach asset over its estimated useful life. Plant and machinery Fixiurcs and filtingis Computer cquipniLni 2￿￿ti on ¢osi 2(Po on cost 2(P. o on Cost Taxution I'hc charity is exempt from tax on its charitsble actlvllies. Fund accounting Unrestriclcd fiinds C￿ be used in a¢¢ordantt wilh the ¢haritable obj¢¢tives at th¢ dis¢retion of d)¢ trv5te¢s. Restricted funds can only be used for particular restricted purposes iiithin the objects of the Ch￿lty. Restrictioiis ari5c w'hcn 5pccificd by thc donor or whcn funds are raiscd for ￿rtiCUlar rc5trictcd purp05CS. Further explanation of the nature and PUTP)se of each fund is included in the notes (o the financial statemenis. Hire purchase and leasing commilments Rciitals paid iitlder operating leases are charged to the Statement of Financial Activitie5 on a straight line basis over the period of the lease. Page 8 continued...

Livin Note5 to the Financial Statements- CODtinued for the Year Ended 31 December 20LI TRUSTEES, RF.MUNERATION AND BENF.FITS One trustee was engaged a5 a pastor and paid £41.&16 as 5titThd and allowanc£ for the year ended 31 Decetnber 2023. ( £39,847 for the yearended 3 1 t)ecernber 2022). Trustees expenses There were no 31 Decen1￿r 2022. trusiees. expenses paid the year ended il De£ern￿r 2023 nor for the year ended STAFF COSTS The averdge monthly number of employtts during the yvdr was as follows: 31.12.23 31.12.22 Management and 5UPlX)rt stsff No employ¢¢5 received ¢molumenls in excess of £60.IKKI. COMPARATIVES FOR THE STATEMENT OF FINANCIAL A￿]VITIEs UnrestTiCted fund INCOME AND ENDOWMENTS FROM Donations and legacies EXPF.NI)ITURF. ()N Ch#riiablt #ctivities Charitable activities 103.997 Oiher 7,720 Total NET INCOME 95 RECONCILIATION OF FUNDS Total fund5 broiight foTW'ard (50,307) TOTAL FUNDS CARRIED FORWARD (50.212) Page 9 continued...

Livin Note5 to the Financial Statements- CODtinued for the Year Ended 31 December 20LI TANGIBLF, FIXF,D A&5ETS Improvements to Fixtures and fittings Plant and rnachinery property COST Ai l January 2023 Additions 199.419 2&060 765 97.049 At 31 DeCem￿r 2023 199.419 26J25 97.049 DEPRECIATION Ai l January 2023 Charge lor year 7&61XI f15,849 153 Ai 31 December 2023 7&6 2&213 NF.T BOOK VALUF. Ai i l D¢¢¢nib¢r ?023 120.729 612 11.2(Kl Ai 31 December 2022 120.729 11.200 Moior vehiLles Compuier ¢quipnieiit Totals Ai l January 2023 Additions 40.910 421.803 7&4 Ai 31 December 2023 40.910 DEPRECIATION At l Janugrv 2023 Charge for year 40.910 289,864 Ai 31 December 2023 40.910 290.017 NET BOOK VALUE At 31 December 2023 10 132,551 Ai J l December 2022 131.939 Page 10 continued...

Livin Note5 to the Financial Statements- CODtinued for the Year Ended 31 December 20LI CRFDITORS: AMOUNTS FALLING DUE WITHIN ONF. YEAR 31.12.23 31.12.22 Trade creditOTS Oiher crediiors 150,937 160,166 150.937 160.167 LOANS An analysi5 of the ma￿Tity of loans is given below- 31.12.23 31.12.22 Amoiint5 falling due within one year on demand- Oiher loans 5,099 MOVEMENT IN FUNDS Nel movement in funds Ai 31.12.23 Ai 1.1.23 Unrestrleied funds Generdl fund (g12121 8,272 141.940) TOTAL FUNDS {W2121 8,272 141,940) Nel movement in funds. included in the atrmive are &$ follows: Incoming resources Resources expended Movement in fui)ds Unr¢Striet￿ funds G¢n¢ral fund 134.681 {126,409) 8,272 TOTAL FUNDS 134,681 (126,409) 5,272 Pagell continued...

Livin Note5 to the Financial Statements- CODtinued for the Year Ended 31 December 20LI MOVF.MENT IN FUNDS- Continued Cornparatives for movement in funds Net rnovement in funds At 31.12.22 Ail.1.22 Unrestricted funds General fund (50.307) 95 150,212} TOTAL FUNDS (50.307) 95 150,212} Comparative rtei movement in fuThJs. included in the above are &% follows.. Incomii)g resources Resources expended Moveinenr in fui)ds Unre.strieted funds General liind 95 TOTAL FUNDS 95 A cuffent year 12 months and pri￿ year 12 month5 Combin￿ positi{￿ is a5 follows.. Net movement in funds At 31.12.23 At 1.1.22 Unre5tricied funds General fund (50.307) 8.367 141.940) TOTAL FUNDS (50.307) 8.367 141,940} A current year 12 months and prior year 12 month5 combffted net movemcnt in fithds, included in the above are as follows: Incoming resources Resources ¢xpend¢d Movement in fund5 Unrestricted fund5 General fund 246,493 (238.126) 8,367 TOTAL FUNDS 246,493 (238.126) 8,367 Page 12 continued...

Livin Note5 to the Financial Statements- CODtinued for the Year Ended 31 December 20LI CONTINGENT LIABILITIES There i5 a potential liabiliry of £213.970.89 arising frIMn HMRC discovery assessments on past gift aid re￿rns. This matter is noi conclusive as there are on going discussions and ogreements on the above amounts and claims.'lThi5 matier has not prosyessed ￿￿'0nd this wbilion since 31 December 2019. 10. RELATED PARTY DISCLOSURE.S There were no related paty Iraiisactions for the year ended 31 DecemE¢r 2023. Page li

Livin Detailed Statement of Financial Actii'ities for the Year Ended 31 December 20LI 31.12.23 31.12.22 INCOME AND ENDOWMENTS Donat10115 And legacies Tith¢% and nfferings 134,681 Total incotning resources 134,681 EXPENDITURE Charitable activities Hall hire Welfare and ￿eneV01¢D¢¢ Minisiry, expenses World ¢vanbTelical mis5ii)n Honorariums-guest ministers Chiirch runningy expenses RCC(r central oifice Transport and iravelling Printin&> and reprobiraphy Music ¢xpenses Media expenses Stipcnd and allowance Plant and machinery 17.974 2,289 18,658 3,135 2,525 1.050 3,875 2.330 730 1.200 876 702 21,0 8.796 20,550 7.693 39,847 112,143 97.258 Other Hire of plant and machinery Stora&Fe cost 240 6,580 6,820 Support costs Management Insurance Telephone 761 1,474 3J66 2235 Finance Bank charges Cards merchani ￿st 2,773 1,283 4J63 4,056 This page d￿S not forn] part of the statutori, financial statements Page 14

Livin Detailed Statement of Financial Actii'ities for the Year Ended 31 December 20LI 31.12.23 31.12.22 Finance Information technology IT Support 448 Governance costs Independent examinews fees 900 Total resources expended 126.409 Net income 8,272 95 This page d￿S not forn] part of the statutori, financial statements Page 15