THE REDEEMED CHRISTIAN CHURCH OF GOD
INSPIRATION HOUSE DARTFORD
Charlty reg. no 1120699
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE REDEEMED CHRISTIAN CHURCH OF GOD- INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
CONTENTS
CONTENTS
PAGE
Reference and admlnistrative details of the charity
Trustee's report
Independent Examiner's
Statement of Financlal Actlvitles
Balance sheet
io.
Notes to the flnanclal statements
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THE REDEEMED CHRIsfiAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REFERENCE AND ADMINISTRATIVE D￿AlLs OF THE CHARtrY. ITS TRusfEES AND ADVISERS
Trustees
Mr O B Olorunsola-Ellas
Mrs O A Fapetu
Mr O Senbore
Pastor F Olaleye
Registered Charlty
Number
1120699
Correspondence Address
81 St Vlncents Road
Dartford
Kent
DAI IXA
Pastor in Charge
Pastor Opeoluwa Oluborode
Accountant
Akintayo Ojo FCCA
Resource Management Consultant5 Llmlted
Chartered Certlfled Accountant
46 Hollywood Way
Erith
DA8 2QE
Bankers
HSBC PIC
23 Denmark Hlll
Camberwell Green
SE5 8RP
Lloyds Bank
121 High Street
Tonbridge
Kent
TN9 IDB
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THE REDEEMED CHRISTIAN CHURCH OF GOD- INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REPORT OF TRusfEES
The Trustees present their annual report together with the financial statements ofThe Redeemed
Christian Church of God Inspiration House Dartford (the Charity) for the year ended 31 December 2023
The trustees confirm that the annual report and financial statements of the charlty have been prepared
in accordance wlth the pollcles set out in note I to the accounts and comply with the charity's trust
deed, the Charltles Att 2011 and Accountlng and Reportlng by Charities: Statement of Recommended
Practice (SORP) appllcable In the UK and Republic of Ireland publlshed on 16 July 2014
OBJECTXVES AND ACTIVITIES
The principal object Is the advancement of Chrlstlan falth worldwide and relief of poverty. To promote
any charltable actlvlty for the benefit of the local people. To achieve this objective, the church adopted
the followlng strategies:
STRATEGIES FOR ACHIEVING THE OBJECTIVES
The charlty has adopted the following strategies for achlevlng the above objectlves:
Planting churches
Running seminars In the church with proven ministers of the falth to guide members in the varlous
aspects of Chrlstlan faith,
Support for other charities and Christian events,
Provldlng overseas ald and famlne relief, and Involving In economic and community development,
Communlty outreach events,
confe￿nCeS and events,
Welfare support to members and general publlc, and
Varlous missionary activities
PUBLIC BENEFIT STATEMENT
The Board of Trustees conflrm that they have met thelr dutles In strlct compllance with the provisions
of Section 4 and 17 of the Charltles Act 2011 and have due regards to the Charlty Commlsslons, general
guidance on publlc beneflt. Partlcular consideratlon has been given to the Charity Commlsslon's
supplementary publlc gUIdan￿ provisions on the advancement of ￿ligIon for public benefit,
PUBLIC BENEFITS
The Church's Sunday and mid-week services as well as prayer meetlngs are open to the general public to
build on thelr Chrlstian faith. Apart from its Church activities, the charity was involved in several other
public benefit efforts.
The charity conducted semlnars on rellglous and soclal Issues for the benefits of members of the
community.
Our efftjrts are geared towards supportlng the programmes of our local community¢ promoting cohesion
in our community, and impacting the lives of the young people and the elderly.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIKATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REPORT OF TRUSTEES
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charlty whlch also operates under the name Insplratlon house Dartford was constituted by a
trust deed dated 31 December 2006 and was reglstered wlth the Charity Commlsslon as a charity
in England and Wales with charity number 1120699.
APPOINTMENT OR ELLECTION OF TRUSTEES
Trustees are appointed or elected under the terms of the trust deed.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES
The induction process for newly appolnted trustees comprises of an initial meeting with the Chair and
other trustees, followed by short meetlngs wlth the Parish Pastor on the powers and responsibilities
of the Trustees.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The charity is organlsed so that the Trustees meet regularly to manage Its affalrs. The Parish Pastor
manages the day to day admlnlstratlon of the church wlth asslstance from the mlnisters.
RELATED PARTY TRANSAcfIoN
RCCG Inspiration House Dartford is a parlsh of The Redeemed Chrlstlan Church of God (RCCG)
which has parishes all over the world. The parish's relationship with RCCG Is governed by an
Agreement for Common purposes,.
RISK MANAGEMENT
The Trustees have assessed the major risks to whlch the charity Is exposed, In partlcular those
relatlng to the operations and finances of the charityi and are satisfied that systems are in place
to mitigate our exposures to major rfsks. However consultatlon and revlew of our systems are
regularly undertaken, in order to ensure they ￿maIn up to date and effective.
GRANT MAKING POLICY
The church supports vlsltlng mlnlsters of the gospel both withln and outslde the Unlted klngdom.
Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other
RCCG programmes. The Church supports other Charities and Missionaries that shares its objects on
advancement of Christian faith.
In Ilne with Its object of the advancement of Chrlstlan falth and rellef of poverty, the church glves
occasional welfare support to congregatlonal members who are In need.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DAFiTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REPORT OF TRUSTEES
VOLUNTEERS
The church is grateful for the u nstlntlng efforts of Its volunteers who are Involved in pmviding
servlces for the charlty. It Is estlmated that over 7000 hours a￿ provided by volunteers durlng
the year. If this is conservatively valued at £7.50 per hour, the volunteers effort wlll amount to
over £52,500. Strategic training/development programmes were provided to the volunteers to
enhance the quallty of servSces they rendered to the Charity.
ACHIEVEMENT AND PERFORMANCE
REVXEW OF ACTIVITIES
The church continued to enjoy tremendous growth In its physical and spiritual life during the
year, and In the advancement of Christian falth In accordance wlth the doctrlnes set out In the
Statement of faith contained in our Trust Deed.
ACTIVITIES DURING THE YEAR
Marathon Pralse - The church held a praise and worshlp event for the beneflts of members of the
community. This was tagged Marathon Pralse.
Youth Conference - A conference was held for the youths to create awareness and address Issues
relatlng to mental health Issues.
The chu rch held a breakfast meetlng to disojss soclal medla usage and safeguarding Issues. This
was open to the general publlc.
INVESTMENT POLICY
The trustees have declded that at present, funds should be retalned In banks and bu Ildlng socletles,
and as far as posslble in interest bearing accounts. Having considered the powers of the trustees
to further Invest the funds of the charltyi the trustees Invested In a church bulldlng comprlslng a
flat. The flat cu rrently generate rental income for the charity.
RESERVES POLICY
The trustees, policy is to have unrestrlcted and uncommltted funds (free reseNes) to cover 3 to 6
months of resources expended which equals roughly £12,000 - £24,000. They feel that this wlll
enable current actlvltles to continue if there is any significant drop in funding. It would obviously
be necessary then to conslder how the funding would be replaced or activities changed. The present
free reserve is above the policy range but the trustees are contlnulng to seek addltlonal fiJ nds to
further boost the reserves.
PRINCIPAL FUNDING
Funding has been provided mainly through tithes and offerings by church members and thmugh
donations, Pledges are also taken for speclflc projects. The charity has maximised its income by
accesslng glft ald clalm on donatlons made by eligible donor5.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REPORT OF TRUSTEES
FUTURE DEVELOPMENTS
The charlty continues to explo￿ various ways of Sp￿adIng the gospel of Christ In an effective
manner. The charlty is also looking to grow in membershlp and continue to develop its members
to make Ilfe-changlng Impact In the commu nity through strategic training and development
programmes.
The charity currently owns 2 flats. One is used as office and meetlng space, whlle the other Is rented
out to generate income for the charity.
FINANCIAL REVIEW
The Charlty's flnancial statements for the year ended 31 December 2023 show a net increase of funds
funds of £2463 and net decrease of fund5 (2022: £14).
TAXATION
The Redeemed Christian Church of God Insplratlon House Dartford is a registered charity and all of
its activitles are tax exempt under rules of taxatlon granted to charltles.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
REPORT OF TRusfEES
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees are responslble for preparing the annual report and financlal statements In accor-
dan￿ wlth applicable laws and wulatlons.
Charity law requlres the Dlrectors to prepare flnanclal statements for each flnanclal year. Under
that law, the Trustees have elected to prepare the financlal statements in accordance with the
United Kingdom Generally AC￿ptable 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 charlty and of the surplus or deflclt of the charity for that period.
In preparing the financial statements, the Directors are required to..
Select sultable accounting policles and apply them conslstently.
Make judgement and estlmates that are reasonable and prudent.
Prepare the financial statements on a going collcern basis unless it is inappropriate to
presume that the charlty will contlnue In operatlon.
The trustees recognlse thelr responsibilities to keep proper accounting records that disclose with
reasonable accuracy at any tlme the financial posltlon of the charity and enable them to ensure
that the financial statements comply wlth the Companles Act 2006. They are also responslble for
safeguarding the assets of the charity and henceforth taklng steps for the preventlon and
detectlon of fraud and other Irregularltles.
The appended financlal statements have been prepared on the accruals basis and have been
examined by an independent examlner, whose report 15 also appended.
Appmved by the trustees on 23rd September
2024 and signed on their behalf by:
Mrs. O A Fapetu
Trustee
Mro
Olorunsola-Elias
Trustee
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOFi YEAR ENDED 31 DECEM8ER 2023
INDEPENDENT EXAMINERS REPORT
TO THE TRUSTEES OF RCCG - INSPIRATION HOUSE DARTFORD.
I report on the accounts of the charity for the period ended 31 De￿mber 2023 which Is set on
pages 9- 17
RESPEcfivE RESPONSIBILMES OF THE TRUSTEES AND THE EXAMINER
The Charlty Trustees are responsible for the preparatlon of the accounts. The Charity's
trustees consider that an audit is not required for the perlod under section 476 of the
Companies Act 2006 and that an independent examination is needed.
It Is my responsibility to:
examlne the accounts under section145 of Charitles Act 2011;
follow the procedures laid down in the general Directions given by the Charity
Commission (under section 145(5)(b) of the 2011 Act; and
state whether partlcular matters have come to my attentlon.
BASIS OF MY EXAMINATION
My examination was Carri￿ out In accordance with the General Dlrectlons glven by the
Charity Commission. An examination includes a revlew of the accountlng records kept by
the charlty and a comparison of the accounts presented with those records. It also
Includes consideration of any unusual items or disclosures in the account, and seeking
explanatlons from you as trustees concerning any such matters. The procedures undertaken
do not provlde all the eVIden￿ that would be requ ired in an audit, and consequently no
oplnion Is glven as to whether the accounts present a "true and falr" vlew and the report
Is Ilmlted to those matters set out In the statements below.
EXAMINER'S STATEMENT
In connection wlth my examination, 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 requlrements to ensure that:
proper accounting records are not kept in accordance with the companles Act, and
accounts are prepared whlch agree with the accounting records and comply with the
accounting ￿quirementS of the Companles Act 2006; or
(2) to whlch, In my oplnlon, attentlon should be drawn In order to enable a proper under-
standing of t
e accounts to be reached.
Akintayo Ojo FCCA "23, I
eptember 2023
Resource Management Consultants Ltd
46 Hollywood Way, Erith. DA8 2QE
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THE REDEEMED CHFUSTIAN CHURCH OF GOD- INSPIRATION HOUSE DARTFORD
TRUSTEES AND FtNANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
srATEMENT OF FINANCIAL A￿1VITIEs
unrestritted
Resthcted
Total
Totsl
Funds
Funds
Funds
Fund5
2023
2023
2023
2022
Notes
INCOMING RESOURCES
Donations, legacies & smilar incoming r1
Actlvltles In furtherance of charity's obje
Investment Income
Total Incomlng resources
64,190
18
2,850
67,058
64,190
18
2,850
67,058
59,606
55
18
59,679
RESOURCES EXPENDED
Charitable expenditu
Grants payable - Ind Ivldual
Grants payable - Inslltutlonal
Costs of activities in furtherance of
charitles objects
Management and governan￿ costs
Total resou rces expended
17,383
17,383
20,771
45,675
1,550
64,608
45,675
1,550
64,608
37,372
1,550
59,693
io
Net (outgolng)/lncomlng resources for year
2,449
2,449
14
Total funds at the start of the year
40,383
265,045
305,428
305,442
Transfer between funds In the year
BALANCE AT END OF YEAR
42,832
265,045
307,877
305,428
The charlty's incoming resources and resources expended all relate to continuing actlvlties.
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THE REDEEMED CHRISTIAN CHURCH OF GOD- INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCtAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
BALANCE SHEET AS AT 31 DECEMBER 2023
Notes
2023
2022
FIXED ASSETS
Bullding
Tanglble Flxed assets
li
Ila
Ilb
353,924
2,227
356,151
353,924
5,019
358,943
CURRENT ASSETS
Debtors
12
Cash and bank balances
13
33.450
33,450
36,914
36,914
Total assets
389,601
395,857
UABILITIES
CREDrroRS
(amount falllng due wlthln one year)
Accrued expenses
Long term Llability - bank loan
14
1,550
1,550
15
80,174
88,879
Total liability
81,724
90,429
NET ASSETS
307,877
305,428
CHARrrY FUNDS
General
General
TOTAL FUNDS
unrestricted
restrlcted
Id
le
42,832
265,045
307,877
40,383
265,045
305,428
The accounts have been prepar8d in accordance wlth the special provision of Statement of Recommended Practice..
Accounting and Reportlng by Charities (SORP} issued March 2005 as modified for smaller Char￿e$
Approved by the Trustees on
23rd September
2024 and signed on thelr behalf by:
Mrs. O A Fapetu
Trustee
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
I, ACCOUNTING POLICIES
lal The accounts are prepared under the hlstorlcal cost convertion and In accordance wlth appllcaL)le accountlng
standards. They follow best pTrttlce as set out In the Statement of Recommended Prattice: Accountlng and
Reporting by Charities ISORPI Issued March 2005 as modified for smaller charities.
Ibl Income and expendlture is accounted for on an accruals basis.
(cl Fixed assets comprise fLSrniture and equipment and musical equipment and have been costing more than £lOO.
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 resldual value, over thelr expetted useful Ilves on the following bases:
Musical equipment
250h reducing balance
Fumiture and fittings
25% reducing balance
Computer equipment
25% reducing balance
Motor VehScles
2Wo redudng balance
(d) Unrestrfctetj funds are incoming resources rE￿IVed for the objetts of the charfty wlthout further speclfied purpose
and are available as general funds.
lel Restricted funds are subject to restrictions on their expenditure imposed by their donors.
unrestritted
Restritted
Total
Total
Funds
Funts
Funds
Funds
2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCE
2023
2023
2023
2022
Tithe
Collection at all services
Sundry donatlons
Glft ald recovered
49,585
12,456
150
49,585
12,456
150
50,999
5,517
3,090
2,000
64,190
2,000
64,190
59,606
3. ACTIVITIES IN FURTHERANCE OF CHARrrYs OBJEcr
Bullding offering
Study Manual
Mlsslon Event
HMRC Rebate
18
18
55
18
18
55
6. INVESTME￿ INCOME
Rental income
Interest received
2,700
150
2,700
150
18
2,850
2,850
18
Amount ￿preSentS net rental Income received from l flat owned by the charity. Thè income was used to advance the
objetts of the charity.
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THE REDEEMED CHRISTIAN CHURCH QF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
Unrestrittéd
Restritted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
7. Grants payable - Indlvidual
Indivldual welfare
UnrestHtted
Rastrlcted
Funds
Total
Tots
Funds
Funds
Funds
2023
2023
2023
2022
8. Grants payable - institutlonal
Charitable givlng -UK
Charbtable glvlng -overseas
Total
17,383
17,383
20,771
17,383
17,383
20,771
List of Institutional grants payable
RCCG WEM
World evangelism
RCCG Central Office
Central Offlce Support
Festival of Life
Advancement of faith
RCCG Camp ground
Advancement of falth
Others
Advancement of falth
Total grant payable - institutlonal
14,343
600
14,343
600
19,876
700
195
2,000
440
17,383
2,000
440
17,383
20,771
9. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S 06JEcrs
Visiting speakers expenses
Council rates
Youth mission
Prlnting & media
Worship costs
Music, liturgy & church group
Mission & evangelism
Community projects & welfare
Conferences & subscriptlons
Telephone & Internet
Repairs, renewal & malntenance
Pastors allowan
Cleaning
utiiitles
Insurance
695
1,743
36
330
695
1,743
36
330
407
160
1,641
214
1,562
218
299
8,705
1,070
407
6,022
1,809
673
770
418
6,022
1,809
673
770
418
793
14,190
600
14,190
600
1,301
5,300
loo
5,653
2,311
3,561
4,211
129
348
5,651
1,974
5,930
2,792
408
500
379
45,675
5,651
1,974
5,930
2,792
408
500
379
45,675
Mortgage Inte￿$t & finance charges
Depreciation
Admin & sundry expenses
Welfare & hospitallty
tt consumables & Zoom Ilcence
37,372
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DE￿mBER 2023
NOTES TO THE ACCOUNTS
Unrestritted
Restritted
Totsi
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
10. MANAGEMENT AND GOVERNANCE COSTS
Professional fees - other
Legal fees
Professional fees - accountancy & examlnatlon
1,550
1,550
1,550
1,550
1,550
1,550
11. FIXED ASs￿s
Ila. BUILDENG
Total
31-Dec
2023
Total
31-Dec
2022
Cost at l January 2022
Additions In the year
Cost at 31 December 2022
353,924
353,924
353,924
353,924
Ilb. TANGIBLE ASSETS
Motor
Vehicles
Musical Computers Fumiture &
equipment & projettors
fittings
Total
31-Dec
2023
Total
31-Dec
2022
Cost
At l January 2023
Additions
At 31 December 2023
8,441
11,167
2,717
1,323
23,648
23,648
8,441
11,167
2,717
1,323
23,648
23,648
Depreciation
At l January 2023
Charge for the year
Dlsposal in the Year
At 31 December 2023
8,441
6,148
2,792
2,717
1,323
18,629
2,792
14.418
4,211
8,441
8,940
2,717
1,323
21,421
18,629
Disposal in the Year
At 31 December 2023
Net book value
At 31 December 2023
2,227
2,227
5,019
At 31 December 2022
5,019
5.019
12. DEBTORS
Year ended
31-Dec
2023
Year ended
31-Dec
2022
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
13. CASH BALANCES
Unre5tr1cted
RÈstrirted
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
Bank balance
Building fund account
Current account
Savings account
At 31 De￿mber 2022
8,466
10,787
8,466
10,787
14,196
33,450
6,389
22,512
8,013
36,914
33,450
Year ended
31-Dec
2023
Year ended
31-Dec
2022
14. CREDrroRS
Accrual and deferred Income.. Independent Examiner's fees
Short term
1,550
1,550
1,550
1,550
Year ended
31-Dec
2023
Year ended
31-Dec
2022
15. LONG TERM LIABILrrY
Mortgage (Lloyds Bank)
80,174
80,174
Amount represents outstanding balance on Mortgage on church bullding and chu rch flats.
88,879
88,879
16. STAFF cosr AND NUMBERS
Staff costs were as follows
Year ended
31-Dec
2023
Year ended
31-Dec
2022
Pastor's allowance
Social security Costs
600
5,300
600
5,300
Year ended
Year ended
The average number of employee during the year was as follows
31-Dec
2023
No.
31-Dec
2022
No.
Pastoral
Charity administratlon
Total
No employee received remuneration amountlng to more than £50,000 In the year.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRusfEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
17. RELATED PARTY TRANSACTIONS
During the year, the church paid Institutional grants to other RCCG oryanlsations such as the
World Evangelism Mission as stated in note 7.
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASs￿s BETWEEN FUNDS: CURRENT PERIOD
Unrestricted
Restricted
Total
Funds
Funds
Funds
2023
2023
2023
Tangible fixed assets
Current assets
Credltors amount falling due within one year
Creditors amount falling due after more than one year
2,227
33,450
1,550
353,924
356,151
33,450
1,550
80,174
307,877
80,174
273,750
34,127
ANALYSIS OF ASSETS BETWEEN FUNDS,. PRIOR YEAR
Unrestritted
Restritted
Total
Funds
Funds
Funds
2022
2022
2022
Tangible flxed assets
Current assets
Creditors amount falling due withln one year
Credltors amount falllng due after more than one year
5,019
36,914
1,550
353,924
358,943
36,914
1,550
88,879
305,428
40,383
265,045
19, MOVEMENT IN FUNDS
The total fu nds at the end of the year represent the total value of the charity net assets.
This conslsts of total values of fixed assets and oj rrents assets less total value of current
liabilities and the long term Ilabilitles.
The trustees have resolved to adjust the presentatlon of fvnds between general unrestricted
and restrlcted funds as shown In the statement of financlal activities.
20. NFf INCOMING RESOURCESI(RESOURCES EXPENDED)
Year ended
31-Dec
2023
Year ended
31-Dec
2022
This is stated after charglng
Depreciatlon of tanglble assets owned by the charlty
Accountant's fees
5,930
1.550
4,211
1,550
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THE REDEEMED CHFUSTIAN CHURCH OF GOD- INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2023
NOTES TO THE ACCOUNTS
21. VALUE OF BUILDING
The cost of the bulldlng in note Ila is a reasonable amount of value Invested In purchaslng the
property. The building consist of a Large church hall, dedicated offlces and 2 flats. Over the years,
the trustees have carried out repairs on the buildlng thereby Improvlng its value.
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