2022-03-31-accounts

REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] SANCTUARY OF POWER Charlty REG.No 1120255 TRUSTEES. REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022 MOSES-BOLE&CO CHARTERED CERTIFIED FORENSIC ACCOUNTANTS CERTIFIED PROFESSIONAL ACCOUNTANTS/ TAX ADVISERS And BUSINES CHARTERED MANAGEMENT CONSULTANTS Leroy House Business Centre, Unit 4L 436 Essex Road, Islington. London, Nl 3QP

REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] SANCTUARY OF POWER LEGAL AND ADMINISTATIVE INFORMATION Genaral overseer: E.A. ADEBOYE Trustees.. Mojisola Akinremi Kehinde Ojediran Catherine Atinuke Odumuyiwa Florence Olufunke Akanmu Registered Office 59 Hatfield Road Dagenham RM9 6JR Minister In Charge.. Pastor Daniel Oluwole Akanmu Charity No 1120255 Bankers Lloyds TSB Market Place Romford Branch P O Box 1000 BX11LT Accountants MOSES-BOLE&CO 39 Saints Brelades Court Balmes Road Hackney I Islington London Nl 5wr

REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] SANCTUARY OF POWER CONTENT Trustees and Advl$olB Tru8tees' Report 2to3 Indgpendont Examln•r's Rep¢>rt to Trust••8 Statement of Financlal Activltl•$ Balance sh¢•t Nots¥ fornilng part of the F5nanclal Statement 7t016

THE REDEEMED CHRISTIAN CHURCH OF GOD Sanctua of Power TRUSTEES REPORT YEAR END 2022 RCCG The Trustees have pleasure in submstting their report and accounts for the year ended 31st March 2022. The financial statement has been prepared in accordance with the accounting policies set out on pages 8 to 17 and comply with the statement of Recommended Practice ISORP 20151, and the applicable law. Structure. Governance and Management Constltution The Charity is constituted under a Trust Deed dated and Charity 15 number on the central register of the Charity Commission of England and Wales. The principal Objertives of the Charity is the advan￿ment of the Christian faith worldwide and relief of poverty. Method of Appointment or Elertion of Trustees The management of the charity is the ￿spOnsibl11ty of the Trustees who are elected and co-opted under the terms of the Trust Deed. Organisatlonal Strurture and Decision Maklng The church is organised so that the trustees meet regularly to manage its affairs. There Is a part-time Minister and Volunteers, who manage the day to day administration of the Church. Related Party Relationships RCCG- Sanctuary of Power is a member of Redeemed Christian Church of God IRCCGI which has Parishes all over the world. The relationship is govemed by ari 'Agreement for common purposes. between the parishes and RCCG. Development activlties and achlevements In the year The members who are with us have grown spiritually due to the various trainings they have received especially the Ministers. During this 2019 Chflstmas, our Youth Department visited Queen Elizabeth Hospital in Romford (Children Department) and made presentation of gifts to sick children. Furthermore, Our Women Department vistted Summerfield Residential Home In Romford with Christmas gifts. Our weekly attendance has continued to increase and our need for a bigger place is now a matter of necessity. The short term solution was for us to have two services every Sunday which is quite telling on the pastors and volunteers. We believe that God will provide a solution in the coming year. We have continued to engage with our community through the six projects that we run for the benefit of the community. In order to reduce crime incident in the community. Evangelism was stepped-up. We also do monthly Environmental Clean-up of our Community to the admiration of our Neighbours. We had during the year organised projects for the need of the homeless and the general public bringing together people to have some BBQ accompanled with music and bouncy castle for the children. The best part of this event is that we invite people who have been freed from drug use to share their testimonies to encourage others to do the same. Rlsk Pollcv The Trustees have assessed the major risks to which the Charity is exposed. particularly those relating to the operations and finance and are satisfied with the risk management systems in place to mitlgate any risk exposure. IIPage

Future development We are hopin8 to establish a new parish in 2017 as we could not achieve this, this year as our baby parish still need5 SUPPOrting at this time. Our pursuit of acquiring a bigger place for the charity is now very vigorou5 as it is now needed. A building committee is now in place, and they have requested that a new bank account be opened to take all the building funds. Thi5 has been referred to the trustees for approval. The problem we have during winter at the end of the day at the shade project has continued to hunt us and we hope to estsblish a night shelter in the near future if we have the money. Finally, we are looking into the possibility of owning and running our own orphanage in the SQLSthern part of Nigeria. Review of financlal Position The net incoming resources for the year amounted to £1,912.0212020 was £4,050) All these have been unrestricted rese￿e5 and no fund is allotted to restrirted project5. Reserve Policy The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets Ithe free reservesl held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of significant drop in funding. Principal Funding Thi5 is provided mainly through voluntary tithes and offerings by the church member5. Pledges are also taken for specific projects. Statement of Trustees, Responsiblllties The Charities Att requires the Trustees to prepare financial statements for eath financial year, which give a true and fair view of the surplus or deficit of the charity for that period. Of the state of affairs of the charity and in preparing those financial statements, the trustees are requested to.. Selett suitable accounting policies and then apply them consistently,. 11. Make judgements and estimates that are reasonable and prudent; iii. State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; iv. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Art 2011 They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularlties. 2 IPage

Trustees and other informatlon The members of the Board of Tnjstees who served during the yearwere: Moiisola Akinremi Kehinde Ojediran CatherlneAtinuke Odumuyiwa Floren￿ Olufunke Akanmu This report was approved by the Board of Trustees on the signed n its behalf by.. ary to the Board of Trustees.

MOSES-BOLE & CO Man&9ement CoDsultants INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES RE EE RISTIAN CH HOF OD- SANCTUA I report on the accounts of the charityforthe year ended 311ST March 2022, which are set out below and notes to the financial statements on pages 7 to 16 Respectlve responsibilities of Trustees and Examiners As the Charrty's Trustees, you are responsible for the preparation of the accountS,- YOU consider that an audit is not required for this year (under section 14412} of the Charity Act 2011lthe 2011 act) and that an Independent examination is needed. It is my responsibility to Examine the account (under section 145 o the Act)- follow the procedures laid down in the General Directions given by the Charity; Commission {under sertion 145151 Ibl of the 2011 Act and State whether particular matters have come to my attention. Basis of Independent Examinerfs report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes review of the accounting records kept by the Charity and a comparison of the accounts presented wrth those records. It a150 includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as the 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 account5 present a "true and fair vieW' and the report is limited to those matters set out in the statement below. Independent Examinerfs Statements In connection with the examination, no matter has come to my attention:. l} Which give me reasonable cause to believe that in any material respect the requirements To keep accountlng records in accordance with section 130 of the 2011 Act; To prepare accounts which accord wlth the accounting records and to complywith the accounting requirementsof the 2011Act have not been met or To which. irtr my opinion, attention should be drawn in order to enable a proper understandin8 of the account5 to be reached Moses O E Igunnubole. BA (HONSJ FAIA FCPA FFA FIPA FfA. FIC CPFA... Managing Partner MOSES-BOLE&CO Chortered Certified Forensic AccountuntS Certified Professional Accountontsnax Advisers And Business Chartered ManogemerRt Consultonts Tell [phone]&. 2525 Email I mosesbolefftaDI£otn Faxl4410120 73542035 Web,, LeroyHouse Bu5inessCentre.UThlt wiyw.m05e5.boleLom 436ESSEX Roadlslington.LondoTh.Nl 3QP 4-L

REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]4ANCTUARY OF POWER STATEMENT OF FINANCIAL ACTIVtTIES FOR THE YEAR ENDED 31ST MARCH 2022 Restricted Unro$ln¢ted *n¢ome Endowmon Funds Funds Funds Note5 Prior Totsl Funds Functs R•commended Categor1￿ by actlvlty In¢ominy r•sour¢•5 Income and endowments from: Donations and kdga(xes Total Resourc•s •xpend•d Exp•ndlture on: Direct Cost Support Cost Governance Cost Total 67,070.40 67.070AO 67,070 40 67.070AO 61.203 61,203 48,334.58 15,723.80 1,100.00 66,158.38 48,334.58 15,723.80 1.100.00 65,1S8.38 40,845 15.208 1,1CK) 57,153 Net incomell•xps.I b•fore invo8tmant gain8111088881 Extraordinary items Transfers bgtsveen funds Other recognised 9aln51{loss•s)z Gains and loss¥$ on revaluat'on of fixed Other gainslllosse51 1912.02 1912.02 4.050 Re¢onclllation of fvndsE Total funds brought forward Totsl fund8 ¢arri8d forward 14 881.78 16 793.78 14,881 76 16 793.78

REDEEMED CHRISnAN CHURCH OF GODLRCCGJ-SANCTW OF POWER BALANCE SHEET AS AT 31ST IWiCH 2022 Totsl Last Year Ftsnds Flxed assets Tangibte assa T¢Jtal )Ix8d assets Funds 8.928.93 8,928.93 6.337 Cash at bank aNI in Imnd Totsj cJJrrent as 8.S64.85 8AK85 8,985 Net ajrrent ass&￿(fIll1￿s) Total as$8ts kn (xrn riatslks 1.100 7.865 CTedltors.' amourts f￿ling due8ftercie1 7 Provisions for I￿(11be3 14202 Totaj netassets or liat¥ Funds ofthè Clwity Unréstricted funds 16.79&78 14.202 1QTrJ3.78 Total funds 16.7W3.78 14,￿ 16.793.78 202 prtnt Name..

REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-SANCTUARY OF POWER NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022 Not• 1 Basls of pr•p•ratlon 1.1 Basls ol a¢countlng The accounts have been prepatwj underts hk8torical cost ox)vention wth itw77s wnised At ￿$t ortransaction value unless Other¥￿Se std In Ihe relevant Th)te(s1 to tw aco)unts. Thè accounts have been prepared in a￿Orden￿ vAth. * a￿1 wilh. the Statement of RecOmn￿nded PraLts' kn¥Atnb"rKJ Rep(¥1aThJ by Ch8rits9 prepanNJ their acC￿rrtS in aCcor(lan￿ with the Finartual Reports'ro Standar¢ pplicable in the UK arKI Republic of I￿L￿[kI IFRS 1021 issws rm 16 July 2014 ' and with. th8 FiTranck81 ReporbThJ Standard t(able ￿ the Unrtal lfj.w￿n and RepLlie of I￿land IFRS 1021 and wrth the Chants'es Act 2011. The charity consb"tLrte8 a publrc benefft entrty as defi￿1 by FRS 102." 1.2 Oolnq conc•rn Conslderfng the stead lèvelof incoming reS￿IC•S andmemknhlp numbèrlhe Charftyls a g￿￿9 concern wlth no &nyknown unforn$￿ ¢lr¢umstanc• 1.3 Chry• •f cco¥ntlng pollcy The accounts present a true and fair VVAf a￿1 thè aC￿Unti￿￿ polws are those OLtUtwJ in the note with no tharYJe in policy 1.4 chaTh9￿ to accounllng estimat•s No Changes to accountsng estirnates have (tur￿j in th8 perioJ13.46 FRS 1172 SORPI. 1.5 Mat•rlal prlor y•ar •ffoYs No material pricy year error have been in the reFKJrb"ng period {3.47 FRS 102 SORPI.

REDEEMED CHRISTIAN CHURCH OF GODtRCCGJ-SANCTUARY OF POWER NOTES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST MARCH 2022 Not• 2 2.1 INCOME This standard list of accounting poliaes has been applied by the charty except forthose ticked No or 'Nla Where a dIffe￿￿t 018ddilional policy has been adopted then 1hi$ is detailed in the box telow. Ac¢oUn￿n9 pollcle8 R•eognltlon of In¢ome These a￿ included in the Statement of Financial ACh"v￿.es ISOFAI when.. . the charfty beo)mes 8nt￿ed lo the resour￿$., it is more Ilkgly than not that the trustees wll re￿1ve thè resources," and th6 monetary value can bg rneasuied ￿fjth sufficient ￿liabIlity. There is no legacy received during this peri¢yY_ Grants •nd donatlons Grants and donations arè only induded in the SOFA whan the gener81 income recognition crrteria are met15.10 to 5. 12 FRS 102 SORPI. In the case of perforrnance related grants, income must onty be rec¥)gnised to the extsnt that the tharity has provKled the specified goods or servicos as entilament lo the grant only owurs when the perfomiance related conditions are met15.16 FRS 102 SORPI L•gacleg There Is no legacy receN8d during this period. Government grants No gov8rnrnent grant was received dunng this pèriod. Tax reelaims on donotlons and 91ft5 Gift Aid receivab161s induded In incorne when there is 8 valid decl8r81ion frorn the donor. Any Gift Aid amoLtnl recoverèd on a donation is considered to bÈ part ol that girt and is trèated as an addition lo the same fvnd as the initial donation un1¢88 the donor or the terms of the appeal have speafièd otherwisè. contrac￿#1 Incom• and perfornianc• r•lat•d gr•rt• This is not applicable Donated goods This 1$ not applicable Donat•d s•Thlcu and fa¢llltle• Dorn8ted services and facilth.es are induded in the SOFA when re¢ewed at the value of the grft lo the chanty provided the value of the gift can t measured ￿liablY Doned serviees and lacilrt16s that are Consumed immediatety are recognised a8 income ￿￿th an equivalent amount recognised as an 8ypense underthe appropriate ￿￿adIng in the SOFA. Support costs The Charity has incurred expenditure on support costs. V0￿￿te0r help The value ol any voluntary help received is not induded in the accounts but is described in th8 trustees, annual report. Incom• from Int•r•sl royaltl•g and dlvldends Not applicable during this period.

Incom• from m•mbershlp subxriptlons Tithes and offering received from the mwnters ars in the ri￿re of a 9rft are as Donations. and Legacies Insuran￿ daims are onty induded in the SOFA the g￿er inccrfne ￿nth"on uitena are m&l15.10 to 5.12 FRS 1￿2 SORPI and are as an rtem of 0￿r u)cune in SOF Investmffit galns nd loss•s This includes any realised or Un￿all8ed gains or I￿seS on the sale of Investments and any gan or loss resulting from revaluing investsnents to market valLre at the eThJ of the year. 2.2 EXPENDITURE AND LIABILITIES Liablllty r•cognltlon Liabilit16S are recognised where rt is rrKJre IW than r•)tthat there is a Wl or c4Jnstru('ve 0￿19￿￿0n commitbng the ¢harity to pay out resour￿ and the amwntoflh& oL4i9ati￿ can meagjred wth reasonable ￿rtaInty Gov•manc• ¥nd support costs Support costs have been allocated belween g0Vem8n￿ CO￿ and other supw)FL Goveman( ￿$ts comprise all costs involving public accountsknity of the tharity and ts ¢X)mpjian￿ wth regulab.on and goo¢J pracb'ce. Support costs ind(Mle central fUl￿on$ and have been to thty O￿t categorEs C￿ a basis consistent wth the use of resourees. eg allo(xting property ¢>)sts by floor areas. or per cayta, slaff costs by the tirne spent and other costs by th￿r ￿￿e. Grants wlth porlorniane• ¢ondltlon¥ The Chanty Is not awarding grant to any organtsalK)n whe￿ there are no con￿￿'0nS attaching to the grant that enaLs ￿￿Or charity to realK8tM21 avoid the cornmitment, a liability for Ihe fijll fijnding OtlvJats"on must ￿ recognised. Redundan¢y cost The charty made no redundancy payinenls during the rep)rb"ng Kfk)tt. D•fgrred Incom• No material item of deferred Intt>me has induded in the acwjnts. Cr•dltors The chartty has creditors whth are measured atS81l1e￿ am¢JJnts ￿ any trade disryjunts Pyovlslons for Ilablllti A liability is measured on recognthn at rts histon.cal cost and then subsequenty ￿sure(l * Ihe test estirnate Oft￿ arnount required to setlje the ￿ligatI)n at reporting 11 Basle flnanclal Instruments The charity accounts for basic finanrA81 instruments on intsl re(rynrb"on as Fr paragraph 10.7 FRS 102 SORP Subsequent measurement ¢s as per paragraphs 11.17 to 11.19, FRS 1W2 SORP. 2.3 ASSETS Tanglbl• Ilxod ￿Sets for use by charlty These a￿ Ggpitalised ifthey be uY for [r￿than one year. rJ)st at kagt Thoy are valued al cost. The depreciati￿ rates and methods used are dis()s&l in not& 141.

Intnglbl• flx•d ass•ts The charrty has intangible fix8d assets, that 18, non-monetary assets that do not have physical substance but are idents"fiable and are controlled by the charity ihrough custody or legal rights. The amorb"8ation rates and mÈthods used are disclosed in note 15 They ar8 valued at cost. H•rlla9• as••ts Thè chanty has heritage assets. that is, non-monetary a88ets WFth historic, artist￿. saenlffi tschnological, geophysi(£l or environm&ntal qualits'es that are held and maintained prinapally for their contn'bulion to knowledge and ¢y￿ure. The deptsoation rates 8nd methods used a8 disdosed in note 16. They are value¢ al wst. Inv•stments Fixed asset investmènts in quoted sh8res, traded bonds and sirnilar Inve8tments are valued at initially at cost and subsequèntly at fair value Ilheir market valuel at the year end. The same treatment 1$ applied to unlisted invèstments unless fair value cannot be rneasured reliably in which case f( is measured at Cost less impainnent. Investments held for resale or ponding their sale and cash and cash equlvalonts wrth a maturity dat6 of less than 1 year are trèated as current asset investm6r)ts stocks and work In progr•s• Stocks held for sale as part of norrfhaiitable trade are measU￿d at the lower or cost or net realiskble vajue. Goods or servl¢es promded as part of 8 charitable actimty are measured at nel reali¥able value based on the Servi￿ potential provided by items of stock. Work In progress is valued at cost less any foreseeable10s8 that is likety to o(xur on the cA)ntract. D•bto Debtors (including trade debtors and108ns re￿1Vable) are rneasuied on In￿al reCognit￿n al settlernent amount aftar any trade disunts or arnounl advanced by the ¢arity. Subsequentty, they are measured at the cash or other consKleration exped&d lo be received. Cumint aM•t Investments The charity has has investments which It holds for resale or pending their sal8 and cash and cash equivalents wrth a rnaturity date less than one year. These indude cash on deposit and c25h equivalents wth a maturity date of16ss than one year held for investsnent purposas rather than to meet short term cash o)mmitments as they f811 due. They are v81ued at fair valutr except where they quality as ba$1¢ finanaal instrurnenls. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THose ABOVE rhere is no any oth9r policyos adoptèd. 10

RÉDEEMED CNRISTIAJI CHURCH OF GODtRCCGFSAKWOF POIIER NOTE5 TO THEACCOUNTS Not• 3 C(X4nNUED FCNtTHE YEAR EtIr￿ 315T 2022 Fund¥ Offenngs Thank5gMng B￿ldinG Affiran m￿s1On Spe￿1 Th8nk8gi¥ T•t•l e4J.453.40 4.563 IKI 1.974.¢X) .453.40 4.563.Cl) 1.974L 20fy) 53.180 5,651 0.40 87.070Aa 81203 O¢h•r ￿tIV￿￿. TOTAL INCOMI 67.07QAO ,070AO 61303.27 Oth•r Inlormmllw 11

REDEEMED CHRISTIAN CHURCH OF GODtRCCGJ4ANcfuARY OF POWER NOTES TO THE A¢GOUNTS CONTINUED FOR THE YEAR ENDED 31ST MARCH 2022 Not• 4 An•lysls of •Jwnrfiturn R••trictsd Unre5trictsd incomo ETrdowm Fund8 Funds Funds Anaty$ls of •xp8ndlture Prlor year Funds Total FuTrds DIRECT COST World Evangelism Mission Festival of Lrfe RCCKentral Officè Honouiarium-visiting Mini%tsrs WÈlfar8 Seminars. Conferen￿$ & Retreats Ministry Advancement Pastors, & Ministers, Alowantss Premise5 Cost Books, CD8 and Tapes Gifts & Donations 1,388.48 1,388.48 1,986 350 1,400 1,050 7,940 1,200.00 1.200.00 6,170.10 5,001. 900.00 10,800.00 19,800.C() 325 CX) 2.750.00 6,170.10 5,001.00 900.00 10.800.00 19.800.00 325.00 2,7￿.00 500 24.750 350 1,519 48.33458 48 334.58 SUPPORT COST Planning Perrni5sion Exp8ns8S Repairs and rn8intenance Printlng. P051age and Slab"onary Electriuty & Gas Insurance Bu5ine8s rate5 Accomodation & Travel Exp8nsas R8fre$hm8nt and Entertainment TTrinin9 Depreciation Fuel, parking & Motor ExFeTr8es Computin9 & IT Expense5 Journals & Periodi(a Cleaninglsecurty Covid Expen58S storage Expense8 687 2,051 635 513 383 2,519 865 66 784 91 1C6.09 841.83 1,985 13 188.47 2.290.88 770.00 2,976.31 3,281.34 233.18 150.00 I,0￿.00 865.66 784.91 106.09 841.83 1.985.13 188.47 2.290.88 770.00 2,976 31 3,281 34 233.18 150.00 1,000 00 942 1,075 2.112 352 820 250.00 16.723.80 250 00 15 723.80 1S.208 TOTAL EXPENDITURE 64,058.38 84,058.38 66.053 12

REDEEMED CHRISTIAN CHURCH OF GODtRCCGI.SANCTUARY OF POWER NOTES TO THE ACCOUNTS CONTINUED) FOR THE YEAR ENDED 31ST MARCH 2022 Note 5 D•talls of eertain Item$ of oxp•ndltur• 5. 1 Fees for examination of the accounts Please provide details of the amount paid for any slalutory external scrutiny of accounts and other services provided by your ind8pendenl examiner. If nothing was paid plea* enler'o, In the appropriate box{esl. GOVERNANCE COST Thls Year Last Year Independent examinels fees Legal Fees (Filing) Assuran￿ services other than audit or independent examination Tax advisory fees Other fees (for example.. financial advice, accountancy $8rvices)- paid to the independent examiner 325 00 125.00 325.00 125.00 650.00 650.00 1,100.00 1.100.00 13

REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-SANCTUARY OF POWER NOTES TO THE ACCOUNTS CONTINUED FOR ThÈ YEAR ENDED 31ST MARCH 2022 Noto 6 Tanvlblo ffxed assets L•asehold Motor Comput•r Fumltur8. FFttlngs land & V•hlcl? Equipment & Equlpmo buildings Totsl At the Winning of tha ygar 3,905.97 17.540.49 21.446.48 Additrons 8.00 4,629.93 5.567.93 RevaluatK)n5 Disposals Tran$fers' or Deductl At end of tha yaar 4,843.97 22.170.42 27,014.39 6.2 Dep￿cIatIon and irnpalmignts Basls Long Terni Leasehold PropBty MotcrVehl¢le Fixtu￿ & Fithng$ Offio Equipment Comput8r Equipment Reduthng Balan 25% Reducing Balanc8 25% Reduting Balan 25% Reduang Balan 25% Reducing Balan Rale At begSnning of y88r Disposa Depreciation Impaiment Transfers" (Add or ￿uctI At end of year 2,269.66 12,839.49 15,109.15 643.58 2,332.73 2,97e.31 2,913.24 15.172.22 18.085.46 6.3 Not book valug Nel book value at the beginning of the Yr. Net book value at the end of the year 1,636.31 1,930.73 4,701 00 6,998.20 6.337.31 8,928.93 6.4 Impalrm8nt Please provKJe a description of th8 evgnts and drcum5tan¢es that led to Ihe recognth.on or rev8rsal of 8n irnpairment1088. 6.5 R•valtFatlon If an 2c¢ounting policy of r8V8lualon is adopted, please provide.. thè effethe date ofthe r8V8luatK)n= NIA the name of independent valuer, rf applKable= NIA th& methods appl￿d and slgnffic8ntassurnptions= NIA the (afrying amoLtnt that woukl have been recognlsed had the assets been carrSed under the ¢ost model. 6.6 Othor d15closuros 111 Pbase $tste the 8mount of borrowing co$l$. rf any, Ixpitalised in the construcbon of tangible rued assets and the capilalisation rate Us￿. = NIA lill Pl¥as8 provide the amount of contradual commitments for th& ac4ui$ltion ol tangib￿ fixed assets. NIA 11151 Detsils Oftt￿ exi8tence and carrying amounts of property, plant snd equiprrftnt to the charity h88 restricted tilb or that are pled￿ as security for liabili18S. NIA 14

REDEEMED CHRISTIAN CHURCH OF GODtRCCG]-SANCTUARY OF POWER NOTES TO THE ACCOUNTS ICONTINUED FOR THE YEAR ENDED 31ST MARCH 2022 Note 7 Crodltors and accwals Please complete this note if the charity has any creditors or accruals. 7.1 Analysis of credltors Amounts falling due after more than one year isye r Last Year Amounts falllng due within one year This Year Last Ye Accnjals and deferred income Total 1,100.00 1,100.00 1,100 00 1,100.00 THERE IS NO DEFERRED INCOME DURING THIS PERIOD 15

REDEEMED CHRISTIAN CHURCH OF GODtRCCG}-SANCTUARY OF POWER NOTES TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31ST MARCH 2022 Not• 8 Cash * bank and In hand This Year Last Year Cash at bank and on hand Total 8.964.85 8.964.85 9,6H 16