**Charity number: 1105082**
# **REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **UNAUDITED**
## **TRUSTEES REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2023**
## **REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
|**CONTENTS**||
|---|---|
||Page|
|**Reference and administrative details of the charity, its trustees, and advisers**|1|
|**Trustees' report**|2 - 5|
|**Independent examiner's report**|6 - 7|
|**Statement of financial activities**|8|
|**Balance sheet**|9|
|**Notes to the financial statements**|10 - 16|
**REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
**REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **General Overseer**
Pastor E A Adeboye
## **Trustees**
Pastor Ezim Eneli Pastor Bolanle O Ojeh Pastor Adebayo Fisher Dr. Seyi Adesina
## **Charity registered number**
1105082
## **Principal office**
Rehoboth Centre, Unit 1 Clydesmuir Industrial Estate, Clydesmuir Road, Cardiff, CF24 2QS
## **Pastor in Charge**
Pastor Edwin Egede
## **Bankers**
HSBC Bank Plc, 94 Albany Road, Cardiff, CF24 3RT
Page 1
## **REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023**
The Trustees present their annual report together with the financial statements of Redeemed Christian Church of God ('RCCG') Garden of the Lord (the church) for the ended 31 December 2023. The Trustees confirm that the Annual report and financial statements of the church have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.
## **Structure, governance, and management**
## **a. CONSTITUTION.**
The church is constituted under a Trust deed dated 5th July 2004 and is a registered charity number 1105082.
## **b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES**
The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.
## **c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES**
The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Pastor in Charge on the powers and responsibilities of the Trustees.
## **d. ORGANISATIONAL STRUCTURE AND DECISION MAKING**
The church is organised so that the trustees meet regularly to manage its affairs.
## **e. CONNECTED CHARITIES**
The Church 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."
## **f. RISK MANAGEMENT**
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 those systems and procedures are in place to mitigate our exposure to the major risks.
Page 2
## **REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023**
## **Objectives and Activities**
## **a. POLICIES AND OBJECTIVES**
The objectives of the church are:
- The advancement of the Christian faith worldwide
- The relief of poverty.
Each year our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review the trustees have considered the Charity Commission's general guidance on public benefit and its supplementary public guidance on the advancement of religion for public benefit.
## **b. STRATEGIES FOR ACHIEVING OBJECTIVES**
The church has adopted the following strategies for achieving the above objectives:
- i organisation of seminars in the church with proven speakers and ministers of the faith to guide members in the various aspects of the Christian faith.
- ii planting of churches in the UK and other parts of Europe; and
- iii support for other charities and Christian events.
## **c. ACTIVITIES FOR ACHIEVING OBJECTIVES**
The church in pursuant of her objectives organised program of events which were open to all throughout the period. There were on a regular basis Christian worship services in addition to teaching sessions.
## **d. VOLUNTEERS**
The church is grateful for the unstinting efforts of its volunteers who participate in service provision, charity activities and fundraising. In the aftermath of the Covid Pandemic, the number of volunteer hours was reduced, and it is estimated that over 5,408 volunteer hours were provided during the year. If this is conservatively valued at £7.50 an hour the volunteer effort amounts to over £40,560.00
## **Achievements and performance**
## **a. REVIEW OF ACTIVITIES**
**How our activities deliver public benefit.**
In addition to its usual Sunday and weekly services, the church conducts a wide range of activities in the pursuit of its charitable aims. The trustees consider that these activities summarised below provide benefit to those who worship at our church and the wider community:
All are welcome to attend our regular services. At present, the congregational size of the church ranges from 50 to 100 members consisting of families permanently resident in Cardiff and students studying in three major universities – Cardiff University, University of South Wales, and Cardiff Metropolitan University.
The Church is keen to offer a range of services during the week and over the course of the year that our community finds both beneficial and spiritually fulfilling. For example, we provide prayers and worship open to the members of the community at various times in the week.
Page 3
**REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023**
Post the Covid Pandemic, several of the weekly meetings were still held online. However, in addition to our Sunday Services, we now hold a mid-week Service onsite at the Church premises, which is open to members of the community.
We have been successful in welcoming new families into our church and have a Worship Service with teachings specifically directed to family issues on the morning of the 3rd Sunday of each month.
We also have groups within the church which outreached to diverse groups in the Community, including the elderly and homeless. For instance, we visited and donated gifts to a major charity for the homeless based in Cardiff. In addition, we have provided support to international students and their families in getting accommodation and settling down in Cardiff. We also opened our Church’s facilities for various seminars, workshops, and Conference to enable individuals and families to fulfill and maximize their God-given potentials. Furthermore, we worked in partnership with Compassion UK, a Christian child development charity that works in various Countries to release children from poverty., a Christian child development charity that works in various
In line with our charitable objectives, during the 2023 Christmas festivities, we donated and presented gifts to families in the neighboring streets around the church premises. Again, like previous years this was received positively by the neighborhood.
## **b. INVESTMENT POLICY AND PERFORMANCE**
The trustees have decided that at present, funds should be retained in the 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. 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. The trustees recognises that the balance on the General Fund does not reach the target level of free reserves and are considering ways in which additional unrestricted funds will be raised.
## **Plans**
## **a. FUTURE DEVELOPMENTS**
The Charity intends to continue to improve its administrative structure to ensure a better attainment of her objectives and ensure continued growth.
The charity also intends to take further steps to encourage more families and youths in the community to be part of the church by arranging more programs directed towards families and youths. The church maintains a commitment to invest in children and youth development with the aim of making them successful and responsible citizens and enhance their spiritual growth. The youths would especially be encouraged to join the church’s discipleship and mentoring programs if they wish. In addition, we intend to put in place programs that would continue to build up families and provide support for university students.
Page 4
## **REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each budget year which give a true and fair view of the state of affairs of the church and of the incoming resources and application of resources of the church for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charities SORP.
- make judgments and estimates that are reasonable and prudent.
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements.
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the church and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees on
and signed on their behalf, by:
## **Pastor Ezim Eneli**
Page 5
## **REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **INDEPENDENT EXAMINER'S REPORT**
**FOR THE YEAR ENDED 31 DECEMBER 2023**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
I report on the financial statement of the Trust for the year ended 31 December 2023 which are set out on pages 8 to 16.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER**
The charity's Trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the financial statements under section 145 of the 2011 Act.
- follow the procedures laid down in the general Directions given by the Commission (under section 145(5)(b) of the 2011 Act: and
- state whether matters have come to my attention.
Page 6
## **REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
**INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2023**
## **BASIS OF INDEPENDENT EXAMINER'S REPORT**
My examination was conducted in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a 'true and fair view,’ and the report is limited to those matters set out in the statement below.
## **INDEPENDENT EXAMINER'S STATEMENT**
About my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of 2011 Act: and
- to prepare f i n a n c i a l s t a t e m e n t s which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met: or
- (2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Signed:
Dated: 04 October 2024
**O. O. Osibanjo (AMCT)**
**4 Jinty Lane Mangotsfield, Bristol BS16 9QZ**
Page 7
## **REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **STATEMENT OF FINANCIAL ACTIVITIES (incorporating income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2023**
|**INCOMING RESOURCES**
Incoming resources from generated funds:
**Note**
**Unrestricted**
**Funds**
**2023**
**£**
Voluntary income
2
**100,099**
**TOTAL INCOMING RESOURCES**
**100,099**
**RESOURCES EXPENDED**
Charitable activities
10
**108,461**
Governance costs
6
**2,204**
**TOTAL RESOURCES EXPENDED**
9
**110,665**
**MOVEMENT IN TOTAL FUNDS FOR THE YEAR – NET**
**INCOME/(EXPENDITURE) FOR THE YEAR**
**(10,566)**
_Total funds at 1 January 2023_
**63,093**
**TOTAL FUNDS/(DEFICIT) AT 31 DECEMBER 2023**
**52,527**|_Total_
_Funds_
_2022_
_£_
**88,605**|
|---|---|
||_88,605_|
||_74,209_
_1,752_|
||_76,881_|
||_11,724_
_51,369_|
||_63,093_|
The notes on pages 10 to 16 form part of these financial statements.
Page 8
## **REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **BALANCE SHEET AS AT 31 DECEMBER 2023**
|**FIXED ASSETS**
**2023**
**Note**
**£**
**£**
_£_
Tangible fixed assets
13**9,801**
**CURRENT ASSETS**
Debtors/Receivables
14**-**
_-_
Cash at bank and in hand**58,431**
_64,557_
**CREDITORS:**amounts falling due within
**58,431**
_64,557_
one year
15 (**15,705) (**_11,648)_
**NET CURRENT LIABILITIES**
**42,726**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**52,527**
**CHARITY FUNDS**
Unrestricted funds/(deficit)
16
**52,527**
**TOTAL FUNDS/(DEFICIT)**
**52,527**
The financial statements were approved and authorised for issue by the Trustees on
signed on their behalf, by:|_£_
_-_
_64,557_
_64,557_
**(**_11,648)_|_2022_
_£_
_10,184_
_52,909_|
|---|---|---|
|||_63,093_|
|||_63,093_
_63,093_
and|
## **Pastor Ezim Eneli**
**Dr. Seyi Adesina**
The notes on pages 10 to 16 form part of these financial statements.
Page 9
**REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **1.1 B a s i s of preparation of financial statements**
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities published on 16 July 2014.
## **1.2 F u n d accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the church and which have not been designated for other purposes.
## **1.3 I n c o m i n g resources**
All incoming resources are included in the Statement of Financial Activities when the Trust is legally entitled to the income and the amount can be quantified with reasonable accuracy.
- a. Church collections are recognised when received by or on behalf of the church. b. Top up on giving received under Gift Aid is recognised only when received.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
## **1.4 R e s o u r c e s expended.**
All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to activities, they have been allocated on a basis consistent with the use of the resources.
Support costs are those costs incurred directly in support of expenditure on the objects of the church and include project management conducted at Headquarters. Governance costs include the costs of governance arrangements which relate to the general running of the charitable company. These activities provide the governance infrastructure which allows the charity to operate and to generate the information required for public accountability. They include the strategic planning processes that contribute to the future development of the charitable company.
Page 10
## **REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **1. ACCOUNTING POLICIES (continued)**
## **1.5 T a n g i b l e fixed assets and depreciation**
All assets costing more than £500 are capitalised.
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Music and church equipment - 25% reducing balance Office equipment - 25% reducing balance
## **2. VOLUNTARY INCOME**
## **3.**
|
Collections and donations
Tithes
Offering
Thanksgiving
Profit on sale of asset
Collection at other services
Gift aid income tax recoverable
Total
**DONATIONS TO ADVANCE CHRISTIAN FAITH WORLDWIDE**
Donations to institutions|**Unrestricted**
**Funds**
**2023**
**£**
**100,099**
**2023**
**£**
**67,383**
**28,012**
**3,384**
**1,320**
**-**
**-**
**100,099**
**Unrestricted**
**Funds**
**2023**
**£**
**26,757**|
|_Total_
_Funds_
_2022_
_£_
_88,605_
_2022_
_£_
_70,468_
_16,206_
_1,931_
_-_
-
_-_|
|---|---|---|---|
|||||
|||||
||||_88,605_|
||||_Total_
_Funds_
_2022_
_£_
_20,054_|
Page 11
**REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **4. LIST OF INSTITUTIONAL DONATIONS PAYABLE**
|||**2023**|_2022_|
|---|---|---|---|
|**Name of institution**|**Donation’s description**|
**£**|_£_|
|1. World Evangelism Mission|Advancement of Christian faith|**18,987**|_17,284_|
|2. Festival of Life|Advancement of Christian faith|**-**|_-_|
|3. RCCG - Central Office|Advancement of Christian faith|**600**|_600_|
|4. African Mission|Advancement of Christian faith|**-**|_-_|
|5. RCCG Parishes|Advancement of Christian faith|**6,350**|_1,500_|
|6. Secular charities and relief of poverty|Advancement of Christian faith|**820**|_670_|
|7.Other Charities
|Advancement of Christian faith|-
|_-_|
**26,757** _20,054_
## **5. EXPENDITURE BY CHARITABLE ACTIVITY**
## **SUMMARY BY FUND TYPE**
|Donations
Advancement of Christian Faith Worldwide|**Unrestricted**
**Funds**
**2023**
**£**
_Total_
_Funds_
_2022_
_£_
**26,757**
_20,054_
**81,704**
_54,155_
**108,461**
_74,209_|
|---|---|
## **SUMMARY BY EXPENDITURE TYPE**
|Donations
Advancement of Christian Faith
Worldwide|**Staff cost**
**2023**
**£**
**Depreciation**
**2023**
**£**
**Other cost**
**2023**
**£**
**Total**
**2023**
**£**
_Total_
_2022_
_£_
**-**
-
26,757
**26,757**
_20,054_
-
1,378
80,326
**81,704**
_54,155_
**-**
**1,378**
**107,083**
**108,461**
74,209|
|---|---|
Page 12
**REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **6. GOVERNANCE COSTS**
|Independent examiners fees
Legal & professional
Accountancy fees
Depreciation - tangible fixed assets|**Unrestricted**
**Funds**
**2023**
**£**
_Total_
_Funds_
_2022_
_£_
**800**
_800_
**-**
_-_
**-**
_-_
**1,404**
_1,872_
**2,204**
2,672|
|---|---|
## **7. DIRECT COSTS**
|**Basis of**
**Allocation**
**Activities**
**£**
Visiting ministers’ expenses
Actual
**-**
Wages and salaries
Actual
**-**
**-**
National insurance
Actual
-
**-**
**SUPPORT COSTS**
**Basis of**
**Allocation**
Premises cost
Actual
Music & equipment
Actual
Hire of equipment
Actual
Security costs
Actual
Building repairs
Actual
Printing & Stationery
Actual
Insurance
Actual
Bookstalls
Actual
Sundry Church Expenses
Actual
Bank charges
Actual
Motor Expenses
Actual
Travel
Actual
Advertising
Actual
Telephone & Communication
Actual
Electricity & Gas
Actual
Seminars & conferences
Actual
Depreciation
Actual|**Advanceme**
**nt of Chris**
**£**
**3,789**
**10,972**
**-**
**14,761**
**Advanceme**
**nt of Chris**
**£**
**32,664**
**200**
**-**
**-**
**3,979**
**328**
**1,770**
**750**
**13,058**
**168**
**-**
**4,226**
**527**
**996**
**6,448**
**450**
**1,378**
**66,943**|**Total**
**2023**
**£**
**3,789**
**10,972**
**-**
**14,761**
**Total**
**2023**
**£**
**32,664**
**200**
**-**
**-**
**3,979**
**328**
**1,770**
**750**
**13,058**
**168**
**-**
**4,226**
**527**
**996**
**6,448**
**450**
**1,378**
**66,943**|_Total_
_2022_
_£_
_2,610_
_4,380_
**-**
_6,990_
_Total_
_2022_
_£_
_27,399_
_175_
-
_-_
_1,935_
_700_
_1,721_
70
_5,026_
136
_-_
533
_367_
_832_
_6,909_
_685_
_677_
_47,165_|
|---|---|---|---|
## **8. SUPPORT COSTS**
Page 13
## **REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **9. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE**
|Donation
Advancement of Christian
Faith Worldwide
**Charitable activities**
**Governance**|**Staff costs D e p r e c i a t i o n**
_Total_
**2023**
**£**
**2023**
**£**
**2023**
**£**
**-**
**-**
**26,757**
**-**
**1,378** **80,326**
**-**
**1,378**
**107,083**
**-**
**1,404**
**800**
**-**
**2,782**
**107,883**|**Other Costs**
**Total**
**2023**
**£**
_2022_
_£_
**26,757**
_20,054_
**81,704**
_54,155_
**108,461**
_74,209_
**2,204**
_2,673_
**110,665**
_76,882_|**Other Costs**
**Total**
**2023**
**£**
_2022_
_£_
**26,757**
_20,054_
**81,704**
_54,155_
**108,461**
_74,209_
**2,204**
_2,673_
**110,665**
_76,882_|
|---|---|---|---|
||||_74,209_|
||||_2,673_
_76,882_|
## **10. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES**
|
Donations
Advancement of Christian
Faith Worldwide
Total|**14,761**
**Activities**
**undertaken**
**directly.**
**2023**
**£**
**-**
**14,761**|**26,757**
**Donation**
**fundingof**
**activities**
**2023**
**£**
**26,757**
**-**|**66,943**
**Support**
**Costs**
**2023**
**£**
**-**
**66,943**|**108,461**
**Total**
**2023**
**£**
**26,757**
**81,704**|_74,209_
_Total_
_2022_
_£_
_20,054_
_54,155_|
|---|---|---|---|---|---|
## **11. NET INCOME / (EXPENDITURE)**
This is stated after charging:
||**2023**|_2022_|
|---|---|---|
||**£**|_£_|
|Depreciation of tangible fixed assets:|||
|- owned by the charity|**2,783**|_2,550_|
|Independent examiners fees|**800**|_800_|
|Independent examiners fee - other|**-**|**-**|
During the year, no Trustees received any remuneration (2023 - £NIL). During the year, no Trustees received any benefits in kind (2023 - £NIL). During the year, no Trustees received any reimbursement of expenses (2023 - £NIL)
Page 14
**REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **12. STAFF COSTS**
Staff costs were as follows:
|Wages and salaries
Social security costs|**2023**
**£**
_2022_
_£_
**10,972**4,380
-
-
**10,972**
_4,380_|
|---|---|
The average monthly number of employees during the year was as follows:
||**2023**|_2022_|
|---|---|---|
||**No.**|_No._|
|Administrator|**2**|_2_|
No employee received remuneration amounting to more than £60,000 in either year.
## **13. TANGIBLE FIXED ASSET**
Music and church equipment £
fittings and Motor Vehicle £ Total £
## Cost
|At 31 December 2023
**Depreciation**
At 1 January 2023
Charge for the year
At 31 December 2023
**Net book value**
At 31 December 2023
At 31 December 2022|13,617
6,650
1,378
8,028
5,589
4,568|25,996
20,380
1,404
21,784
4,212
5,616|39,613
27,030
2,782
29,812
9,801
10,184|
|---|---|---|---|
## **14. DEBTORS**
|**DEBTORS**|||
|---|---|---|
||**2023**|_2022_|
||**£**|_£_|
|Other debtors|**-**|**-**|
Page 15
**REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') GARDEN OF THE LORD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **15. CREDITORS: Amounts falling due within one year.**
|Social security and other taxes
Other creditors
Accruals and deferred income|**2023**
**£**
**2022**
**£**
**-**
**-**
**-**
**-**
**15,705**
_11,648_|
|---|---|
||**15,705**
_11,648_|
## **16. STATEMENT OF FUNDS**
|**ATEMENT OF FUNDS**||
|---|---|
|**Unrestricted funds**
General Funds
**SUMMARY OF FUNDS**
General Funds|**Brought**
**Forward**
**£**
**Incoming**
**resources**
**£**
**Resources**
**Expanded**
**£**
**Carried**
**Forward**
**£**
**63,093**
**100,099**
**(110,665)**
**52,527**|
||**Brought**
**Forward**
**£**
**Incoming**
**resources**
**£**
**Resources**
**Expanded**
**£**
**Carried**
**Forward**
**£**
**63,093**
**100,099**
**(110,665)**
**52,527**|
## **17. ANALYSIS OF NET ASSETS BETWEEN FUNDS**
|Tangible fixed assets
Current assets
Creditors due within one year|**Unrestricted**
**Funds**
**2023**
**£**
_Total_
_Funds_
_2022_
_£_
**9,801**
_10,184_
**58,431**
_64,557_
**(15,705)**
_(11,648)_
**52,527**
_63,093_|
|---|---|
.
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