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← Redeemed Christian Church Of God (Rccg) Jubilee Church Manchester

2022-12-31-accounts

Redeemed Christian
Church ofGod (RCCG
Statement ofFinancial Activities		 ) —Jubilee Churc h Manchester.
ForThe Year Ended 31 December 2022. Umestricted
Funds 2022 2021
Notes
Income and Endowments
From:
Donadons
and Legacies		 766,698 766,698 586,660
HMRC Grants and Other Income 119,977 Il9,977 148,565
Total incoming resources 886,675 886,675 735,225
Expenditure
On:
Charitable
activities		 270,224 270,224 241,795
Others 459,068 459,068 415,925
Total resources expended 729,291 729,291 657,720
Net gains on investment
Net expenditure 157,384 157,384 77 tl05
Net expenditute
before other gains/itosses)		 77,505
Other gains and losses
Net movement
in funds		 157,384 157,384 77,505
Reconciliation
offunds:
Total funds brought
forward		 1,153,434 1,153,434 1,075,929
Total funds carried forward 1/10,818 1+10,818 1,153,434
I ixed As&en
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Cash Bows from operating activities
Net (expenditure)/Income per Statement of Financial Activities
Adiustments
for:
Depreciauon ofproperty,
plant and equipment
Loss on diposal ofTangible fixed assets
Decrease/(increase)
in trade		 and other receivables
(Decrease)/Increase
in trade		 and other payables
Net cash «sed in operating activities
Cash Bow from investing activities
Purchases ofproperry,
plant		 and cquipmcm
Net cash used in investing activities
Cash flow from financing
activities
Net cash used in financing activities
Net increase/(decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning ofthe year
Cash and cash equivalents at the end ofthe yeat
Component
ofcash and cash equivalents
Cash aod bank balances
2022 2021
157484 77,505
25,678 26,504
(74,093) (12,438)
33,361 15,545
75,608 107,116
105 9,354
105 9,354
75,503 97,762
323,466 225,704
398,969 323,466
398,969 323,466
398,969 323,466

11.)Accounting
Policies
Basis ofpreparing
the financial statements
The financial statements
have been prepared		 in accordance with Statemem of Recommended
Practice:
Accounting
and Repomng
by Charities
preparing		 their accounts in accordance with the financial Reporting Standard
applicable		 m the UK
and Republic ofIreland (FRS 102)issued on 16July 2014and the Financial Repornng Standard in the United Kingdom and Republic of
Ireland
and the Charities Act 2011.
Changes
in basis ofaccounting
or to previous		 accounts
There has been no change to the accounting policies (valuation
mles and		 method ofaccounting) since last year and no changes have
been made to account for previous
years.
Fund accounting
Unrestricted
funds:
These are available
for
use at the discretion		 ofthe nustees in furtherance ofthe general objecrs ofthe chatity.
Designated
funds:
These arc unrestricted
funds earmarked
by the trustees		 for particular
purposes.
11evaluation funds:
These arc unrestricted
funds which include		 a revaluation reserve representing the restatemem ofinvestment assets at thee market value.
Restricted funds:
These arc available for usc subject to restrictions imposed by the donor or through terms ofan appeal
Income
Recognition ofincome:
Income is induded
in the Sutement ofFinaancial		 Acuvities (SoFA) when the chanty becomes emitled to, and virtually cenain to receive
thc income and the amount of the income can be measured with sufficient rehabthty.
Income with related expenditure:
Where income has related expenditure
the		 income and related expenditure is reported gross in the SoFA,
Donations
and legacies:
Voluntary
mcome reccivcd by way ofgmnts,		 donauons and hefts is mcluded in the SoFA when receivable and only when the Charity has
unconditional
entitlement
to the income
Tax reclaims on donations
and gifts:
Income from tax reclaims
is indudeihn
the SoFA at the		 same time as the gift/donadon to which it relates.
Donated services and faciliYietu
These are only included
m income (mth an equivalent		 amoum
in expenrhture		 where the benefit to the Charity is reasonably
quantifiable
measurable
and material,
Volunteer
help:
The value ofany volunteer
help received		 is not included in the accounts.
Investment
mcome:
This is mcluded
in the account when receivable.
Gains/Bosses)
on revaluation
ofaxed		 assets:
This includes
any gam or loss resulting
from		 revaluing invesnnems
to market		 value at the end ofthe year.
Gains/ posses) on investment
assets:
This mcludes any gain or loss on the sale of investments.

Leasehold Propetty 2%
Plant and Machinery 10%
Computer
Equipments		 10%
Fixtures and Fiuings 10%

gomg concern and there are no
least one year.		 material uncertainties
casting doubt		 on the ability of the chariq
to conunue ss a go		 ing concern for at
Unrestricted
2.Income and Endowments from: Funds 2022 2021
Donarions
and Legacies		 766 698 766,698 586,660
766,698 766,698 586660
HMRC Grants and Other Income
Grant - HMRC 540
Gift Atd - HlsfRC 107,893 107,893 91,482
lave Your Neighbour 25,821
Food Bank Sales 7,505 7,505 12,081
Odier mcome 3,256 3,256 18,273
Shop income 1,323 1,323 368
119,977 119,977 148,565

For The Year Ended 31 For The Year Ended 31 For The Year Ended 31 Decem ber 202 2.
3.Expenditure
on charitable		 activities Unrestricted
Punds 2022 2021
Expenditure
on charitable		 activities
Charitable
activities
Word evangelical
mission		 29,440 29,440 47,440
Cenual Office Fund 200 200 2,350
Youth outreach 2,792 2,792 2,890
Chanty shop eaqsenses 133
Food bank 3,937 3,937 6,609
Conferences
and hospitality		 13,667 13,667 13,474
Computer
consumables		 4,774 4,774 4,946
Men fellowship 800 800 1,100
Widows and single mothers 25
Love Your Neighbour 15,991
Welfare and support 17,141 17,141 18,187
Gifts 24,887 24,887 12,794
Music ministry 3,026 3,026 2,630
Festival ofpraise 64,332 64,332 71,002
Honourarium 68,777 68,777 29,255
Donations 15,716 15,716 7,636
Ministry
Expenses		 14,368 14,368
Equipment
Hire and Technical		 Equipment 6,368 6,368 5,333
270,224 270,224 241,795
4.Other expenditures Unrestricted
Funds 2022 2021
Emplol ee costs 213,901 213,901 224,772
Motor and tavel costs 44,357 44,357 32,675
Premises costs 142,701 142,701 100,732
Amortisation,
depreciation,		 unpairment, profit/loss on disposal offixed assets 25,678 25,678 26,504
General adnunistrauve costs 24,428 24,428 24,827
Legal and professional costs 8,003 8,003 6,415
459,068 459,068 415,925
5.Net expenditures before transfers 2022 2021
This is stated after charging;
Depreciation ofowned fixed assets 25 678 26,504
6.Staff costs
Salanes and wages 187,450 200,258
Social secunty costs 23,358 21,035
Pension costs 2,889 3,211
213,698 224,504

The average m on thly n umber offull ti me equivalent
employees
d		 uring the y ear was as Eollo ws:
Z022 2021
rVumber fVumber
Administration and managemem 6 6
The charity
is		 enrolled in Nest Pensinn Scheme Eor all employees in line with rhe United Kingdom law.
37.Tangible Fixed Assets Land and Plant and Fixtures and Computer Totals
Building Machinery ftttings Equipment
Cost
As at 1January 2022. 1,097,852 1,218 4,680 49,718 1,153,468
Additions 105 105
Disposal
Aa at 31December 2022. 1,097,852 1&218 4,785 49,718 1g53&573
Depreaation
As at 1January 2022. 285,142 911 2,770 29,888 318,711
Depreciation charge Eor this period 21,957 121 468 3,132 25,678
Disposal
As at 31December 2022. 307,099 1&032 3&238 33,020 344389
Net Book Value
As at 31December Z022. 790,753 186 1,547 1G,698 809 184
As at 31December 2021. 812,710 307 1,910 19,830 834,757
48.Debtors
2022 2021
Other debtors 739 2,000
Tax refunds due 1,401
Prepalanents and accrued income 118,454 41,699
119,193 45&100
s9.Creditors:
Amounts
falling due		 within one year 2022 2021
A'
Other rates and social secunty 15,866
Other creditors 13
Accruals
and		 deferred income 16,515 34,023
16,528 49,889

10.Movement
in		 funds funds As at 1 Incoming Resources As at 31
January 2022 resources expended December 2022
Restncted
funds;
Unrestricted
funds;
General
funds		 1,153,434 886,675 (729,291) 1,310,818
Revaluation
reserves
Total funds 1,153,434 886675 29,291 1,310,818
Unrestricted
11.Analysis ofnet assets between funds funds Total
Amounts
falling		 due within one year
Fixed assets 809,184 809,184
Net current assets 501,634 501,634
1,310,818 1,310,818
12.Commitments
There are no annual commuments under non-cancellation operating leases during
the period.
Pension commitments
2022 2021
The pension cost charge to the charity amounted to 2,889 3,211
2,889 3211
13.Contingents LiabiTides
There are no contingent liabihnes for the year ended 31 December 2022.

ForThe Year End ed 31 Dece mber 2022. Unrestricted
Funds 2022 2021
A.) Income and Endowments fromi
Donations
and Legacies		 76G,698 76G,698 586,660
766,698 766,698 586,660
B,).HMRC Grants and Other Income
Gram - HMRC 540
Gih Aid - HltlRC 107,893 107,893 91,482
Love Your Neighbour 25,821
Food Bank Sales 7,505 7,505 12,081
Other income 3756 3,256 18,273
Shop mcome 1,323 1,323 368
119,977 119,977 148,565
Total incoming resources 886,675 886,675 735,225
C.)Expendintre On:
Chmitable
activities
Word evangelical mission 29,440 29,440 47,440
Central Office Fund 200 200 2,350
Youth outreach 2,792 2,792 2,890
Charity shop cxpcnses 133
Food bank 3,937 3,937 6,609
Conferences
and		 hospitahty 13,667 13,667 13,474
Computer
consumables		 4,774 4,774 4,946
lrlen fellowship 800 800 1,100
Widows
and single mothers		 25
Love Your Neighbour 15,991
Welfare and support 17,141 17,141 18,187
Gifts 24,887 24,887 12,794
Music nu1llsu3 3,026 3,026 2,630
Festival ofpraise 64,332 64,332 71,002
Honourarium 68,777 G8,777 29,255
Donations 15,716 15,71G 7,636
Ministty Expenses 14,368 14,368
Eqmpment
Hire		 and Technical Equipment G,3GB 6,368 5,333
Total ofexpenditure on charitable activities 270,224 270,224 241,795
E.)Employee Costs
Salaries snd wages 187,450 187,450 200,258
Employer's
NIC		 23,358 23,358 21,035
pension
costs		 2,889 2,889 3,211
Staff recmitment 203 203 268
213,901 213,901 224,772

ForThe Year Ended 1December 2022. Unrestricted
Funds 2022 2021
F.)Motor and travel costs
Vehicles - General costs 2,728 2,728 1,791
Travel and Subsistence 41,629 41,629 30,884
44,357 44&357 32,675
G.)Premises costs
Rent 12,027 12,027 5,011
Rates 5,375 5,375 3,833
Light, heat and power 35,093 35,093 9,943
Premises
deaning		 6,792 6,792 5,813
Premises insurance 5,180 5,180 4,929
Premises repairs and maintenance 9,150 9,150 2,583
Security 69,084 69,084 68620
142,701 142,701 100,732
FL) General admtnfstradve costs,
induding
depreciation
and		 amortisation:
Depreciation ofLand and Building 21,957 21,957 21,957
Depreciation ofPlant and Machinery 121 121 590
Depreciation ofComputer Eqmpmcnts 3,132 3,132
Depreciation ofFixtures and Fittings 468 468 3,957
Loss on disposal oftangible fixed assets 0
Bank charges 909 909 556
Stationery
and printing		 3,471 3,471 745
Sundry expenses 913 913 470
Telephone,
fax and broadband		 13,789 13,789 14,495
Charity Checkout 5,347 5,347 8,561
50,106 50,106 51,331
I.) Legal and professional costs
Audit/Independent
examination
fees		 7,467 7,467 6,415
Consultancy
fees
Other legal and professional costs 536 536
HMRC Cost
Total ofexpenditure
ofother costs		 8,003 8,003 6,415
Total ofexpenditure 729Q91 729,291 657,720
Net gains on investments
Net expenditure
before other gains and losses		 157,384 157,384 77,505
Net movement
in funds		 157,384 157,384 77,505