REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)- BREAKTHROUGH CHURCH BOLTON (REGISTERED CHAJIITY NUMBER- 1111913) FINANCIAL sfATEMENTS FOR THE YEAii ENDED 31 MARCH 2024. Cotitent Trus￿¢$ Annual Report 2-3 Examiner's Report Statement of Financi21 Activities B￿ance Sheet Notes to the Accounts Redeemed Christian Chutch ofGod (RCCG) - BREAKTHROUGH CHURCH BOLTON Trustees Annual Report Fot The Yeat Ended 31 March 2024. RL'clctmL.J C.hn*tiAll (-hutcb of C,(Ml (RCCG)- Bnaktht(xgh Chutth Boltt PL4tiJrN Llusa Hak Mr qtephen (I'o Mc KaYi)de Idow Eknltun BL21DH Barclays ilank PIC B()Irl￿1 Busincss Cent¥e )ItoA er Bab%niHd¢ Nlnsoku LFc4YL I?roELbbiunai Seryitts OfficL 10, Svac Buildwg 120,'I'hL Wickcr Sheffield, %3 811) IILI"G BreAkthroug,h I'.hurch with reRL5teredCb￿1ty Numlxr IllJ913 2od Novunber 21x15 and ir ib y)vtrned by 2'lnJst tked dated itd) DcttLnbcr ThL. Ovenll NI4fia￿enr nf thc ch￿ItF is the rwsibxlity of the tswstL'es who arc dcrted uoder the olthe %ovething docuthent. D&y to dAy pr(IC￿ xtsvity of the chwxry is man¥ed znd (aniLd £￿[ volutt(cexs. Redeemed c￿1¥￿an of God (RCCG)-Bre4kthtOU2h Church BolioD Trust¢e8 AJmual Report (Contd.) ForThe YeAr Ended 31 hlarth 2024. . Thc adYartcemcnroF&* Chri5Dath F•thh -To %ireChrniiart ?￿d￿(gIrTD Ill mrmbtt30(tk li drtms nrwsary. .Ttsprmidp bowitalitr ptorK￿¢￿1s0f .There4￿OrPDrertF Im fvffhttjnceoftht etsttobieciiiys ofthe Rcdcctrfd Chtimiw thwrh ofGc4 OFRCCG ￿Te#￿tI￿o¥ chU￿h Ilojtooin P¥￿Ul￿,thcr￿￿k$ 2ftd teciJrd5 god prqyare awM]At&The provisions of thc trwsr deL'd rLyUtrt tht trustcts to PttPAre financi￿ grat•n￿tr fi)r ¢xh 6ngntial year whidx ￿yC a In￿ *od fair vlow of thc stare of affaJr% nf the Ih2ntY ar]d of the incoming Tesources and wlicati(m nf res(MJres. mduding tbc income 2nd expcndiwre of rhe chinry f()r the pen thc procLxlures laid down in thL5 Ctrcocrdl DirediOD5 given by the Clwity Commission lurtdei Section l45{$1(b) of the 2011 Aci- to state whether Fdrticular ￿￿tte[S baye c(Kue to nxy attention. l￿amInati1)n was carrxed out Jn acc()rdan¢e Tryith the p-o>£. Date Redeemed Christian Church of God (RCCG) - Breakthtough Church Bolton Statement of FiDancial Activities For The Year Ended 31 March 21Y24. 2024 Notes Rcsovrces Voluntrry inci)m¢ Inc{￿illb￿ ttsiJufcL* from cbatitablc activitt Total incollRiDg resouTte 317,435 10.06? 3Z7,497 178.404 6,375 184,779 Rtsourc￿ Expend¢d (thdntable acuviues CFovLYnallcc Cobts To¢¥l resources wended 76.7 50.246 163.993 214239 Net incoming / (outgoillg) resoutc 2L018 Rcconciliatiou of ft￿￿# Total funds brought fonvaThl 148.880> (19.420) Total funds uttied for4vard Z7,862 48,880 Redeemed Chtiotian Church of God (RCCG)- BtegkthrouEh Church Boltoo Balance Sheet As Ai 31 Match 2024. 2024 To1￿£￿￿& Totyl fibnd• Trybk 204.731 2J4414 Debfvrt C•sh ktblfflk N￿c￿[[carAS5cIsl[IXblb￿tSI 41246 245.9 159,802 io N¢f A••¢ (4N880) Rep￿￿￿￿ted by (nw) (480 (48WO) Totsl fijndi Sjpl On 21101110 IrLL151 ÉL Redeemed Christi2n Church of God (RCCG) - Bteakthtough Church Bolton No￿S to the Account For The Year Ended 31 March 2024. l Accounting Po]icttg Basis o(pTep¥riDg the statemettts The financsai stratem¢nts have beell prepared under thc histotica] cost conver¢liffl #nd ift accordance with thc %tstctnent vf llec0￿￿￿eQ￿.d l)ractice. ActouAutEg and RLP)rting by C.Th*riuts1SORP 1$s￿d in larth 21M)5 attd appikcablL accouDtyng pnljaes idrjpted ￿ the prepardtion on the fittancial #atcmcnts are as follows.. "Ihc finajicsal ststL'JDLYits have been piqJ#rcd UEJder tbe historical c￿t crnvention and in accordancc urytb tbc fJtsaoci3] licp<)rtitTrR standard for Stnailer F'.ntitie% (eEfective.4pts12(M)81. the C.haritics.Qct 1993 arjd the ￿reme[It￿. <)f the %tktement of l Exemption from prCparl￿ a ca$h flow 8tattDicnt k4xLfflptii)n has been tAkeA Etom praFaring a (ash flow sta¢emcAton thc wuods fhat the thatity qu￿(fits as a charity. Incoming resource8 Jlll inC()Mit)b￿ fL*C)urces sre ￿cluded thc 5tstEment vf fitjanaal activities wboi the CFt¥ity IS Iylly cntitkd thL in¢on)e id the afnount (an bc 4ugntified witb reasonablt accurdcy. Resources expettded . penditure is accixintcd for QTJ afCtual% trasi* aftd has been dIS￿Eed under hcadings that 2Pgtegatt all cost fel8fed tn the catewn.. WffiLle CVSts taonf)t bc directly to partt'cu]8r heAd]ll￿ t1￿. ￿YC 3ll(KatLd tv 3CtiWtic% (jn a bL%is c()nsi%ieDt th the USC f)f rttf)urce* Charitable activities ("lJ*l C)f chaotablc activitiL'S arc thuse c￿ts trta¥n8 ru thL' xctE￿tIt￿ CMfEiLYI out to thc obJ"eCtiYes of thL churth. Ilcse Jnc5udc both ditetdy 2tttibutable cost and aprx)rn(Jned support cost Governance c081 Cpovcffiancc c()5t ￿#t£s tt) tht activitics carned out tt> ￿￿11￿g rw]Atory W￿lI1U¢S all othcr 4)p)rtti)ned support cost. Tatigible Assets DeprL'Cl<iOn 1$ PTuvided at the failiY4tn8 aftftwl rates ￿ nrder ro wnte off exh assetovet its estimated usefvl ]if¢. r.hurch building I,Lxfurti fittings toir vehidi. 2￿/0 Ixi Cust 250/0 (MJ C(>St Chutcb tquipmcnt 20 /0 Cl)St Taxation 'E'hc chanty 1% exejnpt fioEJ) t2X ott its charitable activiiies. Fund #¢¢owktitig Utir¢￿trictLd fiJnd¥ cao used in accordance with the chantsblc obl￿tlY￿ at the di5crelioTr of the I￿￿tee Restiicled fun& C¥Lll vnly be used for parttrul2r rcstricted pufjx)￿ withiu the objects of thc challty. liestsittiorts arise whell specified by the drnor orWh[￿ ate ttised fot patttcular tt%tiicted PL urthgf exp]Anatii)n of thc nat￿re aod purpose of Vdcb r￿d is the notes of tht ftt)2nLial staieinents Rfstatth development '.xpenditure rescarch and deyelopthent is off in the yearm whith it Js 7tErurtt(i Redeemed Christian Church of God (RCCG) - Bteakthtough Church Bokon Notcs lo the Account (ConL) For The Year Ended 31 March 2024. .,I%%Lt% IIid liabilities in forcigD curnYcie5 Irc tThpslotcd into stttbng at thc rate of exchangc ruling Ot the balance shect date. Itat]sactions ia fore$￿ currcmtses are tTrnsJ2tLM4 intts bteritigai the rAte of exthAtsge ruling at the datr of transxtioy I,.xchan¥L differcnct are tsking Jnto account IT) anivrng at the OTw4rin8 rcsylL 2 volwil￿ Incotne 2024 2023 Tithe & Offeiitig iift Aid 255J61 61,574 5(M) 158.7?0 19,684 Cyratit 317,43) 2024 178.404 2023 3 Incom￿ Resour￿8 from Cbaritabk Activities Otlier Iiicom¢ Buildiiig Fund l)tbet Conttibutiun 10,048 6.375 14 6.375 4 Chariuble Ami￿leS Co5tg 2024 2023 (.aterin% & HospLt01ity ("hurch k'rvices c.ost GIEt & 4,373 6.464 4il TJ()nuur2rJutn 33.29) io 14.460 Offic¢ F'xp¢A¥e¥ TelLyhL)n 'ravel & %ubsistenr 1,178 6,625 1.255 987 (:() 6,312 5,511 WL'lfarL' liesoutces expendtd nn ch9Lityble adivities 5 Governajxce Cost8 76,723 2024 50.246 2023 Audit, I£gAI & Prnfessi￿&l Pee Intsurancv Po%tagTres. l)nnting & Srdtioncry Il¢llvvatiuA & Iylaintcnancc li%sirJll (.i)nttibutiim "I[￿Illing & coftfLtettces %Mff (.r)%t DepcL'tiatit>ri IAghring. Healing and Utilities I'inance C￿0$t Bonk ("harge (Jc20io¥ Horcl 8nd Aca)mm()ditinn Pensi( 9W 940 4,039 i.807 3.196 5,231 4.471 25,18? 15.799 93.453 75.691 36,510 14,410 13,277 1,208 15.827 14342 1,353 254 5.5 1994 335 163 993 6 Tsustees Remlluratiojx #nd Bcne6ty 'lknert were no tnLsr¢es rctnunerntion or other beaefits for the yw eoded 31st March 2024 nor the year ￿ded 31Et iMaLttx TTUSttts' Expenses 'llJ¢t¢ wcre no ttwste£s' eX￿lse5 Emid neither fr)rthc ￿¢kd 31 h1￿ch 2019 nor fot thc y￿r ended 31 Marth 2018. Redeemed Christian Church of God (RCCG) - Breakthrough Church Bolto Note8 to the Account {ConL) Fot The Year Ended 31 March 2024. 7 Staff Costs 24 2023 93.45.1 93.453 75.C)91 75.691 8 Fixed Assets Total8 c.ost As Lt l .4pril 2023 ddjtiun DJbpvsAI As ai 31 Marcb 2024 35.671 7249 470.440 1534 8.534 35 71 7249 478 974 Deprcciation ..%4 at I ,.Ipftl 2023 I'bitgL fui tbib pctiod D15PU5al As ai 31 March 2024 8.918 8,918 177,021 14.650 4.839 6.0?6 31217 13.960 59 17.836 19L671 s￿28 ILr Buok Value A5 at 31 Marth 2024 174581 A8 at 31 March 2023 16.020 753 189 9 Cre¢Jitors a￿O￿lt falling due vritbitt one year 2024 2023 Other CrL'dit()f5 io Creditors amouDt f81lin% dye afterm0￿ than one ve¥r 2024 2023 Mvriwe fmm bajik -￿Int￿r ,KInt()r Vehicle Disp05ai B(iutttL.d Bank IAYan 217,463 224.489 (01 28.817 lercede% Reny 26,276 28&682 T(ItAI 273 *Purchase OfM¢rcdts Bttsz PJ214Yi 2024 2023 f.ost Of Mcrccdcs Bets£ . PJ22AYU Dq)osit PaymLMlt Duritt¥ the Ye4r AmoÈutt Ow5tsnding &tYtst End 311312J 35,670 i,500 3,894 26276 4.673 Z7A59