## **REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH**
## **Charity No. 1123843**
**Company No.**
## **Trustees' Report and Unaudited Accounts**
**31 March 2024**
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Contents**
||Pages||
|---|---|---|
|Trustees' Annual Report||1|
|Independent Examiner's Report||2|
|Statement of Financial Activities||3|
|Summary Income and Expenditure Account||4|
|Balance Sheet||5|
|Statement of Cash flows||6|
|Notes to the Accounts||7|
|Detailed Statement of Financial Activities|8 to|16|
Page 1
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No.**
## **Charity No. 1123843**
## **Principal Office**
6 Disraeli close Thamesmead Greenwich London SE28 8AP
## **Registered Office**
6 Disraeli close Thamesmead Greenwich London SE28 8AP
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
T. Ademola
O. Akinola
V. Benjamin
**==> picture [298 x 55] intentionally omitted <==**
## **Key Management Personnel**
Chair Pastor.E.A.Adeboye Minister in Charge Pastor Charles Iduh Chairman (Board of Trustee) Mr Olumayowa Akinola Secretary Mrs Taiwo Ademola Treasurer Mrs Vivian Benjamin
## **Accountants**
FREDRICKS ACCOUNTANTS & CO LTD Suite 204 133 Creek Road Greenwich London SE8 3BU
## **Bankers**
Page 2
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Trustees Annual Report**
Barclays Bank UK PLC Leicester LE87 2BB
## **OBJECTIVES AND ACTIVITIES**
The Charity is constituted under a Trust Deed dated 31st August 2007 and Charity number is 1123843 on the central registered of the Charity Commission of England and Wales. The principal objectives of the Charity are the advancement of the Christian faith worldwide and relief of poverty.
## Recruitment and Appointment of New Trustees
Trustees and Members of Committees are appointed by the Church Ministerial Board using basic skill and assessment method. Priority is given to criteria required to have an effective and efficient Board and Committees. To this end, the Board is carefully grafted with right mix of skills and experience to discharge its duties and ensure effectives governance and management. The trustees serve a term of two years which is renewable at the discretion of the Board. The management of the charity is the responsibility of the Trustees who are appointed and co-opted under the terms of the trust Deed.
Organizational Structure and Decision Making
The church is organized so that the trustees meet regularly to manage its affairs. There is a full-time Minister and Volunteers, who manage the day-to-day administration of the church.
## Related Party Relationships
RCCG Rivers of Love is a member of Redeemed Christian Church of God (RCCG)which has Parishes all over the world. The relationship is governed by an Agreement for common purposes between the parishes and RCCG.
## Risk Management
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 mitigate any exposure. Risk is an everyday part of charitable activity and managing it effectively is essential if the trustees are to achieve their key objectives and safeguard their charity's funds and assets. Therefore, the Charity has developed appropriate Risk Management Framework which consists of the Risk Management Policy and the Risk Management Procedures outline in the operational guidelines.
Investment Policy
The Trustees have decided that at present, fund should be retained in Banks and Building Societies, and as far as possible in interest bearing accounts.
Going Concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue operation for foreseeable future. The Charity has adopted the Going concern basis in preparing the financial statement.
## **ACHIEVEMENTS AND PERFORMANCE**
Individual donations and gifts continued to be the main sources of income. Tithe, Pledge, Building and Thanksgiving offering amounted to £73,559 (2023: £56,350). Other incoming resources was from Gift Aid reclaimed. The total of these amounted to £19,529.00 (2023: £0.00) for the year. All the Voluntary income is unrestricted. Charitable expenditure has also increased with the growth of the church as key departments expand to cater for the growth in visitors and members.
## **FINANCIAL REVIEW**
Page 3
## **REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH**
## **Trustees Annual Report**
The financial Statements cover the operations of Redeemed Christian Church of God River of Love, Woolwich, London. For the year ended 31 March 2024, the Statement of Financial Activities shows total incoming resources of £93,088(2023: £56,350). This was spent mainly on charitable activities and total expenditure amounted to £54,273 (2023: £46,367). We closed the year with a surplus of £38,815 (2023: surplus of £9,983).This surplus has been added to the reserves against future accounting periods.
Reserve Policy
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (the free reserve) 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.
## **PLANS FOR FUTURE PERIODS**
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).The law applicable to charities in England and wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
Statement of Trustees Responsibilities
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
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).The law applicable to charities in England and wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
a) select suitable accounting policies and then apply them consistently
b) observe the methods and principles in the Charities SORP;
c) make judgments and estimates that are reasonable and prudent;
d) state whether applicable UK Accounting Standards have been followed, subject to any material departures explained in the financial statements;
e) 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 that 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 Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
## **REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Trustees Annual Report**
The Trustees are responsible for keeping proper accounting records that 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 Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
## Akinola
O. Akinola
Trustee
31 March 2024
Page 5
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Independent Examiners Report**
## **Independent Examiner's Report to the trustees of REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH**
I report to the charity trustees on my examination of the financial statements of REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH for the year ended 31 March 2024.
## **Responsibilities and basis of report**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Adesina Otufale ACCA
FREDRICKS ACCOUNTANTS & CO LTD Suite 204 133 Creek Road Greenwich London SE8 3BU 31 March 2024
Page 6
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Statement of Financial Activities**
## **for the year ended 31 March 2024**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Other
5
**Total**
**Expenditure on:**
Charitable activities
6
Other
7
**Total**
Net gains on investments
**Net income**
8
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2024**
**£**
73,559
19,529|**Total funds**
**2024**
**£**
73,559
19,529|**Total funds**
**2023**
**£**
56,350
-|
|---|---|---|---|
||93,088
10,658
43,615|93,088
10,658
43,615|56,350
6,250
40,717|
||54,273
-|54,273
-|46,967
-|
||38,815
-|38,815
-|9,383
-|
||38,815|38,815|9,383|
||38,815
67,266|38,815
67,266|9,383
57,883|
||106,081|106,081|67,266|
Page 7
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Summary Income and Expenditure Account**
## **for the year ended 31 March 2024**
|Income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net income before tax for the year
**Net income for the year**|**2024**
**£**
93,088
93,088
53,879
394
54,273
38,815
38,815|**2023**
**£**
56,350|
|---|---|---|
|||56,350|
|||46,494
473|
|||46,967|
|||9,383|
|||9,383|
Page 8
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Balance Sheet**
## **at 31 March 2024**
|**Company No.**
**Notes**
**2024**
**£**
**Fixed assets**
Tangible assets
10
1,185
1,185
**Current assets**
Cash at bank and in hand
105,496
105,496
**Creditors:**Amount falling due within one year
11
(600)
**Net current assets**
104,896
**Total assets less current liabilities**
106,081
**Net assets excluding pension asset or liability**
106,081
**Total net assets**
106,081
**The funds of the charity**
**Restricted funds**
12
**Unrestricted funds**
12
General funds
106,081
106,081
**Reserves**
12
**Total funds**
106,081|**2023**
**£**
1,579|
|---|---|
||1,579
66,287|
||66,287
(600)|
||65,687
67,266|
||67,266|
||67,266|
||67,266|
||67,266|
||67,266|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 March 2024
And signed on its behalf by:
## Ademola
T. Ademola
Trustee
31 March 2024
Page 9
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Statement of Cash flows**
## **for the year ended 31 March 2024**
|**Cash flows from operating activities**
**Net income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
**Net cash provided by operating activities**
**Cash flows from investing activities**
Dividends, interest and rents from investments
**Net cash from investing activities**
**Net cash from financing activities**
**Net increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2024**
**£**
38,815
394
(19,529)
19,680
19,529
19,529
-
39,209
66,287
105,496
105,496
105,496|**2023**
**£**
9,383
473
-|
|---|---|---|
|||9,856
-|
|||-|
||||
|||-|
||||
|||9,856|
|||56,431|
|||66,287|
||||
|||66,287|
||||
|||66,287|
Page 10
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Notes to the Accounts**
## **for the year ended 31 March 2024**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 11
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Plant and machinery 25% Reducing Balance Motor vehicles 25% Reducing Balance Fixtures, fittings and 25% Reducing Balance equipment
**==> picture [205 x 63] intentionally omitted <==**
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 12
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Notes to the Accounts**
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Page 13
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Notes to the Accounts**
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Donations
5
**Other income**
Gift Aid Reclaimed|**Unrestricted**
**£**
73,559
73,559
**Unrestricted**
**£**
19,529
19,529|**Unrestricted**
**funds**
**2023**
**£**
56,350
56,350
6,250
40,717
46,967
9,383
9,383
9,383
57,883
67,266
**Total**
**2024**
**£**
73,559
73,559
**Total**
**2024**
**£**
19,529
19,529|**Total funds**
**2023**
**£**
56,350|
|---|---|---|---|
||||56,350
6,250
40,717|
||||46,967|
||||9,383|
||||9,383|
||||9,383
57,883|
||||67,266|
||||**Total**
**2023**
**£**
56,350|
||||56,350|
||||**Total**
**2023**
**£**
-|
||||-|
Page 14
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH**
## **Notes to the Accounts**
## 6 **Expenditure on charitable activities**
|_Expenditure on charitable_
_activities_
Headquarter Dues
Welfare expenses
_Governance costs_
7
**Other expenditure**
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
8
**Net income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
9
**Staff costs**
No employee received emoluments in excess of £60,000.|**Unrestricted**
**£**
4,744
5,914
10,658
**Unrestricted**
**£**
-
2,332
22,329
394
14,067
4,493
43,615
**2024**
**£**
394|**Total**
**2024**
**£**
4,744
5,914
10,658
**Total**
**2024**
**£**
-
2,332
22,329
394
14,067
4,493
43,615|**Total**
**2023**
**£**
250
6,000|
|---|---|---|---|
||||6,250|
||||**Total**
**2023**
**£**
74
3,736
23,382
473
12,152
900|
||||40,717|
||||**2023**
**£**
473|
Page 15
## **REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH**
## **Notes to the Accounts**
## 10 **Tangible fixed assets**
|**Cost or revaluation**
At 1 April 2023
At 31 March 2024
**Depreciation and**
**impairment**
At 1 April 2023
Depreciation charge for the
year
At 31 March 2024
**Net book values**
At 31 March 2024
At 31 March 2023
11 **Creditors:**
amounts falling due within one year
Other creditors
12 **Movement in funds**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
**Total funds**
13 **Analysis of net assets between funds**
Fixed assets
Net current assets|**Plant and**
**machinery**
**£**
8,865
8,865
8,200
166
8,366
499
665
**At 1 April**
**2023**
67,266
67,266|**Motor**
**vehicles**
**£**
4,200
4,200
3,920
70
3,990
210
280
**2024**
**£**
600
600
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
93,088
93,088|**Fixtures,**
**fittings and**
**equipment**
**£**
3,563
3,563
2,929
158
3,087
476
634
**Resources**
**expended**
**£**
(54,273)
(54,273)
**Unrestricted**
**funds**
**£**
1,185
104,896
106,081|**Total**
**£**
16,628|
|---|---|---|---|---|
|||||16,628|
|||||15,049
394|
|||||15,443|
|||||1,185|
|||||1,579|
|||||**2023**
**£**
600|
|||||600|
|||||**At 31**
**March**
**2024**
**£**
106,081|
|||||106,081|
|||||**Total**
**£**
1,185
104,896|
|||||106,081|
Page 16
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Notes to the Accounts**
## 14 **Reconciliation of net debt**
|**Reconciliation of net debt**||||
|---|---|---|---|
|Cash and cash equivalents
Net debt|**At 1 April**
**2023**
**£**|**Cash flows**
**£**|**At 31**
**March**
**2024**
**£**|
||66,287|39,209|105,496|
||66,287
66,287|39,209
39,209|105,496|
||||105,496|
15 **Related party disclosures** _**Controlling party**_
Page 17
**REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Detailed Statement of Financial Activities**
## **for the year ended 31 March 2024**
|**Income and endowments from:**
Donations and legacies
Donations
Other
Gift Aid Reclaimed
**Total income and endowments**
**Expenditure on:**
Charitable activities
Headquarter Dues
Welfare expenses
**Total of expenditure on charitable**
**activities**
Staff entertainment
Motor and travel costs
Vehicles - General costs
Travel and accommodation
Premises costs
Rent
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
machinery
Depreciation of Motor vehicles
Depreciation of Fixtures, fittings
and equipment
Honorariums
Bank charges
Equipment expensed
Equipment repairs and
maintenance|**Unrestricted**
**funds**
**2024**
**£**
73,559
73,559
19,529
19,529
93,088
4,744
5,914
10,658
10,658
-
-
983
1,349
2,332
22,279
-
50
22,329
166
70
158
4,277
-
950
630|**Total funds**
**2024**
**£**
73,559
73,559
19,529
19,529
93,088
4,744
5,914
10,658
10,658
-
-
983
1,349
2,332
22,279
-
50
22,329
166
70
158
4,277
-
950
630|**Total funds**
**2023**
**£**
56,350|
|---|---|---|---|
||||56,350|
||||-|
||||-|
||||56,350
250
6,000|
||||6,250|
||||6,250
74|
||||74|
||||1,154
2,582|
||||3,736|
||||19,000
2,382
2,000|
||||23,382|
||||222
93
158
2,912
122
2,426
376|
Page 18
## **REDEEMED CHRISTIAN CHURCH OF GOD RIVERS OF LOVE PARISH Detailed Statement of Financial Activities**
|Website cost
General insurances
Information and publications
Seminar/Conferences
Software, IT support and related
costs
Stationery and printing
Subscriptions
General office expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Instrumentalist fee
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|-
1,145
-
390
3,064
657
456
1,372
1,126
14,461
1,100
3,393
4,493
43,615
54,273
-
38,815
38,815
-
38,815
67,266
106,081|-
1,145
-
390
3,064
657
456
1,372
1,126
14,461
1,100
3,393
4,493
43,615
54,273
-
38,815
38,815
-
38,815
67,266
106,081|980
1,026
358
1,428
146
60
159
1,105
1,054|
|---|---|---|---|
||||12,625|
||||600
300|
||||900|
|||||
||||40,717|
||||46,967
-|
||||9,383|
||||9,383
-|
||||9,383|
||||57,883|
||||67,266|
Page 19