THE REDEEMED CHRISTIAN CHURCH OF GOD
AMAZING GRACE CHAPEL HULL
Charity reg. no 1119496
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

THE REDEEMED CHRISTIAN CHURCH OF GOD- AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
CONTENTS
CONTENTS
PAGE
Reference and administratlve details
Trustee's report
Independent Examiner's
Statement of Financial Activities
Balance sheet
io.
Notes to the financial statements
11-16
Page I

THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GF14CE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
Trustees
Pastor M Bako
Pastor O I Aleshinloye
Pastor E Eneli
Pastor E R Inwe
Registered Charity
Number
1119496
Correspondence Address
71/73 Beverly Road
Hull
East Yorkshire
HU3 IXL
Pastor in Charge
Pastor Olumide I Aleshinloye
Bankers
Natwest Bank PIC
Wlllerby and Kirk Ella (A) Branch
The Square
Willerby
East Yorkshi
HUIO 7UA
Accountant
Akintayo Ojo FCCA
Resource Management Consultants Limited
Chartered Certlfled Accountant
46 Hollywood Way
Erith
DA8 2QE
Page 2

THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
REPORT OF TRUSTEES
The Trustees present their annual report together with the financial statements of The Redeemed
Christlan Church of God Amazing Grace Chapel Hull (the Charlty) for the year ended 31 March 2024
The trustees confirm that the annual report and financial statements of the charity have been p￿pared
in accordance with the policies set out in note I to the accounts and comply with the charlty's trust
deed, the Charlties Act 2011 and Accounting and Reporting by Charities: Statement of Recommended
Practice (SORP) applicable in the UK and Republic of Ireland published on 16 July 2014
OBJECTIVES AND ACTIVITIES
The principal object is the advancement of Christian faith worldwide and rellef of poverty. To promote
any charitable activity for the benefit of the local people. To achieve this objective, the church adopted
the following strategies:
STRATEGIES FOR ACHIEVING THE OBJECTIVES
The charity has adopted the following strategies for achieving the above objectives.
Planting churches
Runnlng seminars in the church with proven ministers of the faith to gulde members in the various
aspects of Christlan faith,
Support for other charities and Christian events,
Pmviding overseas aid and famine rellef, and involving In economic and community development,
Community outreach events,
Conferences and events,
Welfare support to members and general public, and
Various missionary activities
PUBLIC BENEFIT STATEMENT
The Board of Trustees confirm that they have met their dutles in strict compllance with the provisions
of section 4 and 17 of the Charlties Act 2011 and have due regards to the Charity Commissions, general
guldance on public benefit. Particular consideration has been given to the Charity Commission's
supplementary public guidance provisions on the advancement of rellglon for public beneflt.
PUBLIC BENEFITS
The Church's Sunday and mid-week services as well as prayer meetings are open to the general public
to build on their Christian faith. Apart from its Church actlvities, the charity was involved in the
following public benefit efforts:
The charity runs a free youth music, choreography and drama project for youth in the community
Thls we believe will enable young people be more productive with their free time. This will further
prevent them from gettlng involved in any anti-social behaviour.
The charity organised varlous dinner events to brlng the community members and their leaders.
This provides an opportunity for social interaction between members of the community.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GF14CE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
REPORT OF TRUSTEES
PUBLIC BENEFITS
The charity organised weekly soup kitchen for the homeless, and less privllege in the financial
year. This is ongoing at the time of this report.
The charity successfully runs the community Coheslon Soup Kitchen project with a grant from
Community Fund Project.
With increased cost of livlng arising from increased energy cost and Infiation, Amazing Grace Chapel
continues to provide support to members of her community. The centre has been turned to a hub
in Hull. Residents attend for decent meals and thelr daily needs.
During the financial year, the charity had gave out over 10,000 food parcels to the people in need,
and the less prlvilege in the community. The church have been providing food parcels three times
a week. The specific days are Tuesday, Thursdays and Saturdays.
Our efforts are geared towards supporting the programmes of our local community, promoting
cohesion in our community, and impatting the lives of the young people and the elderly.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity which also operates under the name Amazing Grace Chapel Hull was constituted by a trust
deed dated 9 June 2006 and was registered with the Charity Commission as a charity in England and
Wales on 5 June 2007
APPOINTMENT OR ELLECTION OF TRUSTEES
Trustees are appolnted or elected under the terms of the trust deed.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES
The induction process for newly appointed trustees comprises of an initial meeting with the Chalr and
other trustees, followed by short meetlngs with the Parish Pastor on the powers and responsibilities of
the Trustees.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The charity is organised so that the Trustees meet regularly to manage its affairs. The Parish Pastor
manages the day to day admlnistration of the church with assistance from the ministers.
RELATED PARTY TRANSACTION
RCCG Amazing Grace Chapel Hull is a parish of The Redeemed Christian Church of God (RCCG) which
has parishes all over the world. The parish's relatlonship with RCCG is governed by an 'Agreement
for Common purposes,.
RISK MANAGEMENT
The Trustees have assessed the major risks to which the charity is exposed, in partlcular those
relatlng to the operations and finances of the charity, and are satisfied that systems are in place
to mitigate our exposures to major rlsks. However consultation and revlew of our systems are
regularly undertaken, in order to ensure they remain up to date and effectlve.
Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
REPORT OF TRUSTEES
GRANT MAKING POLICY
The church supports visiting ministers of the gospel both within and outside the United kingdom.
Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other
RCCG programmes. The Church supports other charities and missionary that shares Its objects on
advanclng Christian religion of Christian falth and relief of poverty. The church gives occasional
welfare support to congregational members who a￿ in need.
VOLUNTEERS
The church is grateful for the unstinting efforts of its volunteers who are involved in providlng
services for the charity. It is estimated that over 8000 hours are provided by volunteers during
the year. If this is conservatively valued at £8.50 per hour, the volunteers effort wlll amount to
over £68,000. Strategic training/development programmes were provided to the volunteers to
enhance the quallty of services they rendered to the Charity.
ACHIEVEMENT AND PERFORMANCE
REVIEW OF ACTIVITIES
The church continues to enjoy tremendous growth in its physical and spiritual life during the
year, and in the advancement of Christian faith In accordance with the doctrines set out in the
statement of faith contalned in our Trust Deed.
During the year In report, the charity received grants from other charities for her community
project. Donors and amount received are shown in note 3 on page I l.
INVESTMENT POLICY
The trustees have decided that at present, funds should be retalned in banks and building societles,
and as far as possible in interest bearing accounts. Having consldered the powers of the trustees
to further invest the funds of the charity, the trustees has agreed to invest in properties and the
charity currently owns 8 flats of various slzes in the communlty. The flats are rented and have
generated provided additional income which are used for achieving the objects of the charity.
RESERVES POLICY
The trustees, pollcy is to have unrestricted and uncommltted funds (free reserves) to cover 3 to 6
months of resources expended which equals roughly £50,000 £100,000. They feel that this will
enable cUr￿nt actlvities to continue if there is any significant drop in funding. It would obviously
be necessary then to consider how the funding would be replaced or activities changed. The present
free reserve Is above the pollcy range but the trustees are continuing to seek additional funds to
further boost the reserves.
PRINCIPAL FUNDING
Funding has been provided mainly through tithes and offerings by church members and through
donations. Pledges are also taken for speclfic projects. The charity has maximised its incoming by
accessing gift aid claim on donatlons made by eligible donors.
Page 5

THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
REPORT OF TRUSTEES
FUTURE DEVELOPMENTS
The charity continues to explore varlous ways of spreading the gospel of Chrlst in an effective
manner. The charity Is also looking to grow in membership and continue to develop its members
to make Ilfe-changlng impact in the community through strateglc training and development
programmes.
The charity under its object of preventlon and relief of povety has continued to help in alleviating
accommodation problems in her community. The Charity did not acquire properties in the year. It
continues to manage her portfollo of 7 flats. The flats are rented out in the community at affordable
rates. The Charity continue to explore ways of providing further help for her community.
FINANCIAL REVIEW
The Charity's financlal statements for the year ended 31 March 2024 show a net increase of funds
of £274,936 (2023.. £218,724).
TAXATION
The Redeemed Christlan Church of God Amazing Grace Parish is a registered charity and all of its
activities are tax exempt under rules of taxation granted to charities.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
REPORT OF TRUSTEES
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees are responsible for preparing the annual report and financial statements in accor-
dance with applicable laws and regulations.
Charity law requires the Directors to prepare financial statements for each financial year. Under
that law, the Trustees have elected to prepare the financial statements in accordance with the
United Kingdom Generally Acceptable Accounting Practice (United Kingdom Accounting Standards
and applicable law). The financial statements are required to give a true and fair view of the state
of affairs of the charity and of the surplus or deficit of the charity for that period.
In preparing the financial statements, the Directors are required to..
Select suitable accounting policies and apply them consistently;
Make judgement and estimates that are reasonable and prudent;
Prepare the financial statements on a going concern basis unless it is inappropriate to
presume that the charity will continue in operation.
The trustees recognise their responsibilities to keep proper accounting records that disclose with
reasonable accuracy at any time the financial position of the charity and enable them to ensure
that the financial statements comply with the Companies Act 2006. They are also responsible for
safeguarding the assets of the charity and henceforth taking steps for the prevention and
detection of fraud and other irregularities.
The appended financial statements have been prepared on the accruals basis and have been
examined by an independent examiner, whose report is also appended.
Approved by the trustees on 1614 August 2024 and signed on their behalf by:
Pastor O Aleshinloye
Trustee
Pastor Ezim Eneli
Trustee
Page 7

THE REDEEMED CHFUSTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
INDEPENDENT EXAMINERS REPORT
TO THE TRUSTEES OF RCCG - AMAZING GRACE CHAPEL HULL
I report on the accounts of the charity for the period ended 31 March 2024 which is set on
pages 9 - 16
RESPECTIVE RESPONSIBILITIES OF THE TRusfEES AND THE EXAMINER
The Charity Trustees are responsible for the preparation of the accounts. The Charity's
trustees consider that an audit is not required for the period under section 476 of the
Companies Att 2006 and that an independent examlnation is needed.
It is my responsibility to:
examine the accounts under section145 of Charities Act 2011;
follow the procedures laid down in the general Directions given by the Charity
Commission (under sectlon 145(5)(b) of the 2011 Act. and
state whether particular matters have come to my attention.
BASIS OF MY EXAMINATION
My examination was carried out in accordance with the General Directions given by the
Charity Commlssion. An examination includes a revlew of the accounting records kept by
the charity and a comparison of the accounts presented wlth those records. It also
includes consideration of any unusual items or dlsclosures in the account, and seeking
explanatlons from you as trustees concernlng any such matters. The procedures undertaken
do not provide all the evidence that would be required in an audit, and consequently no
opinion is glven as to whether the accounts present a "true and fair view and the report
is Ilmited to those matters set out in the statements below.
EXAMINER'S STATEMENT
In connection with my examinatlon, no matter has come to my attention:
(l) which gives me reasonable cause to believe that In any materlal respect the trustees
have not met the requirements to ensure that:
proper accounting records are not kept in accordance wlth the companies Act; and
accounts are prepared which agree with the accounting records and comply with the
accounting requlrements of the Companies Act 2006; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper under-
standing of the accounts to be reached.
Akintayo Ojo FCCA
Resource Management Consultants Ltd
46 Hollywood Way
Erith. DA8 2QE
Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GF14CE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
STATEMENT OF FINANCIAL AcfIviTIES
Unrestritted
Restrltted
Totsl
Total
Funds
Funds
Funds
Funds
2024
2024
2024
2023
Notes
INCOMING RESOURCES
Donations, & slmilar Incoming resources
Grants ft)r Community Projects
Gift aid Receivable
Other Grants & Income Received
Investment Income
Total incoming resources
555,848
77,126
27,297
632,973
27,297
132,180
5,500
6,441
804,391
389,863
23,502
75,031
55,081
7,149
550,626
132,180
5,000
6,441
699,469
500
104,922
RESOURCES EXPENDED
Charltable expenditure
Grants payable - individual
Grants payable - institutlonal
Costs of actlvities In furtherance of
charities objects
Support Cost
Management and governance costs
Total resources expended
9,595
41,159
59,386
59,386
309,500
21,712
93,884
484,482
44,973
354,473
21,712
93,884
529,455
196,350
18,481
66,317
331,902
io
11
44,973
Net (outgolng)/incoming resources for year
214,987
59,949
274,936
218,724
Total funds at the start of the year
194,395
488,226
682,621
463,897
BALANCE AT END OF YEAR
409,382
548,175
957,557
682,621
The charity's Incoming resources and resources expended all relate to continuing attivities.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
BANNCE SHEFf AS AT 31 MARCH 2024
Notes
2023
2022
FIXED ASs￿s
Building
Tangible Fixed assets
12
12a
12b
879,582
141,367
1,020,949
879,582
53,783
933,365
CURRENT ASSETS
Debtors
Cash and bank balances
13
14
143,130
187,595
330,725
79,981
142,295
222,276
Total assets
1,351,674
1,155,641
LIABILITIES
CREDrroRS
(amount falling due within one year)
Accrued expenses
Long term Liability - Mortgage
Total l iabi lity
15
8,192
9,800
16a
385,925
394,117
463,220
473,020
NET ASSETS
957,557
682,621
CHARITY FUNDS
General
un restricted
General
restricted
TOTAL FUNDS
Id
409,382
548,175
957,557
194,395
488,226
682,621
le
The accounts have baen prepared in accordance wlth the speclal PFOVlSion of Statement of Recommendeo Practlce..
Accounting and Reportlng by Charlties ISORP) issued March 2005 as modified for smaller charities
Approved by the Trustees on i E14
August 2024 and signed on their behalf by:
Pastor O Aleshinloye
Trustee
Pastor Ezim Eneli
Trustee
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
NOTES TO THE ACCOUNTS
I. ACCOUNTING POLICIES
(a) The accounts a￿ prepared under the historical cost convention and in accordance with applicable accounting
standards, They follow best prattice as set out In the Statement of Recommended Prattice: Accounting and
Reporting by Charities (SORP) issued March 2005 as modified for smaller charities.
(b) Income and expenditure is accounted for on an accruals basis.
(c) Fixed assets comprise fumiture and equipment and musical equipment and have been costing more than £lOO.
Tangible ftxed assets are stated at cost less depreciation. Depreciatlon is provided at rates calculated to write off
the cost of fixed assets, less their estimated resldual value, over thelr expetted useful lives on the following bases:
MLtsical equipment
25010 reducing balance
Furniture and fittings
250/0 reduclng balance
Computer equipment
25D/o reducing balance
Motor Vehicles
25010 reducing balance
(d) Unrestricted funds are incomlng resources received for the objetts of the charity without further speclfied purpose
and a￿ available as general funds.
(e) Restritted funds are subjett to ￿striCt10n5 on their expenditure imposed by their donors.
Unrestricted
Restritted
Total
Total
Funds
Funds
Funds
Funds
2024
2024
2024
2023
2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
Collectlon at all services
Donations
Donations - Music Mixer
Donations - Mission
Donation - Community Project
554,768
1,080
554,768
1,080
250
330,180
18,184
16,730
22,728
2,040
389,863
250
11,596
65,280
77,126
11,596
65,280
632,973
555,848
3. AcrivrrtES IN FURTHERANCE OF CHARITY'S OBJEcr
Garfield Weston Grant
Love Your Neighbour
East Rlding Trust
Rank Foundation
J H Rausing Trust
Charles Trust
Humber Community Association Grant
Humber All Nations Alliance
Community Fund
5,000
5,000
3,000
5,000
3.000
3,000
1,000
5,000
5,000
9,022
480
4,701
9,000
10,596
27,297
4,701
9,000
10,596
27,297
23,502
4. GI￿AID
Gift aid receivable
132,180
132,180
75,031
5. OTHER GRANTS & INCOME RECEIVED
HMRS Ers NI Relief
RCCG Camp
Other Grants
5,000
5,000
4,524
49,957
600
55,081
500
500
5,000
500
5,500
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GFiACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
NOTES TO THE ACCOUNTS
Unrestrlcted
Restricted
Totsi
Total
Funds
Funds
Funds
Funds
2024
2024
2024
2023
6. INVESrMEh￿ INCOME
Net Rental Income
Hall Hire Recelpts
17
4,951
4,951
1,490
1,490
6,441
6,441
Amount represents net rental Income ￿ceiVed from 3 flats owned by the charity. The income was used to advance
the objects of the charity.
7,149
7,149
2024
2024
2024
2023
7. Grants payable- individual
Individual welfare
9,595
2024
2024
2024
2023
8. Grants payable - institutional
Charitable giving -UK
Charitable giving -overseas
Total
59,386
59,386
41,159
59,386
59,386
41,159
List of institutional grants payable
RCCG WEM
RCCG Central Office
Festival of Life
Others
Total grant payable - institutional
48,054
960
165
48,054
960
165
34,319
960
180
10,207
59,386
10,207
59,386
5,700
41,159
9. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJEC
Seminar, conferences & subscriptions
Travel and subsistence
Vehicle runnlng and repairs
Visitlng minister's expenses
Community projects
Missions and evangellsm
Welfare & hospitality
Telephone & internet
Printlng, postage, stationery & IT consumables
Repairs, renewal and maintenance
Worship cost, music & church group
utilities
1,360
36,246
4,300
14,409
23,703
62,780
13,026
1,683
3,661
63,024
10,643
8,667
4,974
349
1,360
36,246
4,300
14,409
51,000
80,456
13,026
1,683
3,661
63,024
10,643
8,667
4,974
349
2,180
19,539
3,656
10,350
33,547
46,424
6,922
1,459
2,237
27,793
2,831
7,543
5,362
93
27,297
17,676
Insurance
Volunteer expenses
Training & development
Depreciatlon
2,620
58,053
309,500
2,620
58,053
354,473
2,863
23,551
196,350
44,973
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THE REDEEMED CHRisfiAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
NOTES TO THE ACCOUNTS
un￿strICted
Restricted
Total
Totsl
Funds
Funds
Funds
Funds
2024
2024
2024
2023
10. SUPPORT COSTS
Telephone & internet
Printing, postage, statlonery & IT consumables
utllities
Admin & office expenses
Bank charges
Sundry expenses
528
2,313
3,915
3,745
7,717
3,493
21,712
528
2,313
3,915
3,745
7,717
3,493
21,712
1,459
1,491
3,233
3,244
6,188
2,866
18,481
11. MANAGEMENT AND GOVERNANCE COSTS
Staff cost
Professional fees - Legal & Leases
Professional fees - accountancy & examination
Professional fees - Other
Professional fees - accountancy other
74,198
74,198
56,595
240
7,600
10,086
2,000
93,884
7,600
10,086
2,000
93,884
7,500
983
1,000
66,317
12. FIXED ASSETS
12a. BUILDING
Total
31-Mar
2024
Total
31-Mar
2023
Cost at l April 2023
Additions in the year
Cost at 31 March 2024
879,582
797,558
82,024
879,582
879,582
12b. TANGIBLE ASSETS
Motor
Musical Computers -urniture &
Vehicles equipment & projectors
fittings
Total
Total
31-Mar
2024
31-Mar
2023
Cost
At l April 2023
Additions
At 31 March 2024
36,785
39,602
4,905
44,507
17,360
106,670
124,030
17,650
34,061
51,711
111,397
145,636
257,033
56,080
55,317
111,397
36,785
Depreciation
At l April 2023
Charge for the year
At 31 March 2024
14,493
7,430
21,923
17,622
9,406
27,028
11,657
30,143
41,800
13,842
11,073
24,915
57,614
58,053
115,667
34,063
23,551
57,614
Net book value
At 31 March 2024
At 31 March 2023
14,862
22,292
17,479
21,980
82,230
5,703
26,796
3,808
141,367
53,783
53,783
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GFi4CE CHAPEL HULL
TRUSTEES AND FENANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
NOTES TO THE ACCOUNTS
13. DEBTORS
Year ended
31-Mar
2024
Year ended
31-Mar
2023
Gift Ald Receivable
Other debtors
132,180
10,950
143,130
75,031
4,950
79,981
14. CASH BALANCES
Unrestricted
Restritted
Total
Total
Funds
Funds
Funds
Funds
2024
2024
2024
2023
Bank balance
Building fund account
Current account
At 31 March 2021
11,908
11,908
175,687
187,595
18,874
123,421
142,295
175,687
175,687
11,908
Year ended
31-Mar
2024
Year ended
31-Mar
2023
15. CREDrroRS
Accrual and deferred income: Independent Examlner's fees
Short term
7,600
592
9,800
8,192
9,800
Year ended
31-Mar
2024
Year ended
31-Mar
2023
16a. LONG TERM UABILITY
Mortgage (Triodos Bank)
385,925
385,925
463,220
463,220
Amount represents outstanding balance on Mortgage on church flats.
16. STAFF COST AND NUMBERS
Staff costs were as follows
Year ended
31-Mar
2024
Year ended
31-Mar
2023
Wages and salaries
Social securlty costs
Penslons
65,578
6,239
2,381
74,198
50,376
4,524
1,695
56,595
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GF14CE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
NOTES TO THE ACCOUNTS
17. STAFF NUMBERS
The average number of employee during the year was as follows
Year ended
31-Mar
2024
No.
Year ended
31-Mar
2023
No.
Pastoral
Charity administration
Total
No employee recelved remuneratlon amounting to more than £50,000 in the year.
18. INVESTMENT INCOME
RENTAL INCOME ACCOUNT
Year ended
Year ended
31-Mar
31-Mar
2024
2023
Rental Income from Church Flats
Less mortgage interest
Rental income after interest
Expenditure
Management Fee
Legal fees
Lettlng fees
Repalrs & maintenance
Councll rates
Insurance
Safety checks
Cleaning
Utilities
53,200
27,900
25,300
51,013
20,387
30,626
5,815
6,743
584
270
11,136
356
1,708
1,089
410
99
11,364
231
2,497
387
55
Equipment
Total expenditure
1,082
23,477
20,349
Net Rental Income
4,951
7,149
19. RELATED PARTY TRANSAcfIoNS
During the year, the church paid institutlonal grants to other RCCG organisations such as the
World Evangelism Mission as stated in note 7.
20. OTHER GRANTAND INCOME RECEIVED
Durlng the year in report, a total grant fund of £49,957 was recelved from RCCG Camp. The fund
Is to support the Charlty's property project. The funds has been put toward the repayment of the
bank loan on the property In other to reduce bank Interest charges. In the previous year, other grant
income was NIL.
Page 15

THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZENG GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2024
NOTES TO THE ACCOUNTS
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF ASSETS B￿WEEN FUNDS: CURRENT PERIOD
Unrestricted
Restricted
Totsl
Funds
Funds
Funds
2024
2024
2024
Tangible flxed assets
Current assets
Creditors amount falling due within one year
Credltors amount falling due after more than one year
Movement between ftjnds
141,367
318,817
8,192
879,582
11,908
1,020,949
330,725
8,192
385,925
-385,925
42,610
548, 175
42,610
409,382
957,557
ANALYSIS OF ASSEfs BETWEEN FUNDS: PRIOR YEAR
Unrestritted
Restritted
Total
Funds
Funds
Funds
2023
2023
2023
Tangible flxed assets
Current assets
Creditors amount falling due within one year
Creditors amount falling due after more than one year
Movement in between funds
53,783
203,402
9,800
879,582
18,874
933,365
222,276
9,800
463,220
-463,220
52,990
488,226
52,990
194,395
682,621
21a. MOVEMENT IN FUNDS
The total funds at the end of the year represent the total value of the charity net assets.
This consists of total values of fixed assets and currents assets less total value of current
liabilities and the long term liabilities.
The trustees have resolved to adjust the presentation of funds between general unrestricted
and restricted funds as shown in the statement of financial activities.
22. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
Year ended
31-Mar
Year ended
31-Mar
This is stated after charging
2024
2023
Depreciatlon of tangible assets owned by the charity
Accountant's fees
58,053
7,600
23,551
7,500
23. VALUE OF BUILDINGS
The Charity current holds a portfolio of 8 properties in Hull and the value held for the properties
in the account are either cost of building the property or the actual purchase price as the case
may be.
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