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2022-12-31-accounts

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022

CHARITY REGISTRATION NUMBER: 1126614

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

CONTENTS PAGE
LEGAL AND ADMINISTRATIVE INFORMATION 1
REPORT OF THE TRUSTEES 2-4
REPORT OF THE INDEPENDENT EXAMINERS 5
STATEMENT OF FINANCIAL ACTIVITIES 6
STATEMENT OF FINANCIAL POSITION 7
NOTES TO THE ACCOUNTS 8-10
INCOME AND EXPENDITURE 11

1

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31ST DECEMBER 2022

Charity Registration Number

1126614

Registered Office

Trustees

375 Raleigh Road Benfleet Essex SS7 3ST Mr. M Adeyinka (Chair) Mr. F Merotohun (Secretary) Mr. T Ekundayo

Accountants

Allen Robyn & Associates Ltd Chartered Certified Accountants 367 Caledonian Road London N7 9DQ

2

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

The Trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust dated 12th August 2008, amended by special resolution in October 2008. It became a registered charity 1126614 on 11th November 2008.

The management of the Church is the responsibility of the trustees who are elected and co-opted under the terms and conditions of the trust deeds.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

OBJECTIVES AND ACTIVITIES

The Charity's objects are:

  1. To seek the advancement of the Christian religion in accordance with the teachings of the Redeemed Christian Church of God, and to educate people in the Word of God.

  2. To teach the knowledge of Jesus Christ all over London Borough of Havering and beyond In addition, to help in the relief of poverty in all parts of the world: directly to our immediate members, their families, members of the local, national and International community as occasion would demand, in cash and in kind.

Activities for achieving objectives

The main activities of the church are as follows:

Activities for achieving objectives ( Cont'd)

3

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

Grant making policies

Under the Common Purposes Agreement (see above) Eagles Christian Connections has agreed to make an annual contribution to RCCG (UK). In addition, the church supports missionary organisations such as the World Evangelism Mission.

The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.

Volunteers

We take this opportunity to thank all our volunteers who work so diligently, committing time and energy as well as other resources financial or otherwise to make our church relevant in the community.

FINANCIAL PERFORMANCE

The Charity's financial statement for the year ended 31st December 2022 shows Income of £51,036 (2021: £77,839). Expenditure was £35,544 (2021: £37,903) and the Church made a net surplus in funds of £15,942 ( 2021: £39,936) . Unrestricted reserves at 31st December 2022 is £78,217 (2021: £72,725).

4

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2022

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to:

presume the Charity will continue in business.

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 Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 irregularities.

ON BEHALF OF THE BOARD:

............................................. F Merotohun (Secretary) Date: 27 July 2023

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS REPORT OF THE INDEPENDENT EXAMINERS FOR THE YEAR ENDED 31 ST DECEMBER 2022 I report to the trustees on examination of the accounts for the year ended 31 st December 2022. Responsibllities and basis of report As the charity's trustees, you a￿ responsible for the prèparation of the accounts in accordance th Ihe requirements of th8 Charities Act 2011. I report in respect of my examination of the Charity's accounts carried out undar section 145 of the 2011 Act and in carying out my examination. I h8V8 followed all the applicab￿ Directs'ons given by the Charity Commission under sectron 145(5)Ib) of the ACL Independent examinees statement I have completed my examination. I confinn that no material matters have come to my att8ntion (other than that disclosed below ') in connectton wth the examination which giv8s m8 cause to believe that in, any material respect,: . the accounting records were not kept in aceAKdanc8 with section 130 of the Act.. or . the accounls did not accord wth the accounting records.. or • the accounts did not comply with the applicable requirements conceming the fom and contént of set out in the Charities {Acwunts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent exarnination. I have no concems 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 accounts to be reached. Rolston Allan FCCA Allen Robyn & Associates Ltd Chartered Certified Accountants 3e7 Caledonian Road London N7 9DQ Date: 0511012023

6

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022

INCOMING RESOURCES
Notes
Unrestricted
Incoming resources from generated funds
Voluntary Income
2
51,036
51,036
RESOURCES EXPENDED
Charitable Activities
3
31,327
Governance Costs
4
960
Management Costs
5
3,080
Finance Charges
6
177
TOTAL RESOURCES EXPENDED
35,544
NET INCOME/EXPENDITURE FOR THE YEAR
15,492
RECONCILIATION OF FUNDS
Transfer between funds
(10,000)
Total funds brought forward
72,725
TOTAL FUND CARRIED FORWARD
£78,217		 INCOMING RESOURCES
Notes
Unrestricted
Incoming resources from generated funds
Voluntary Income
2
51,036
51,036
RESOURCES EXPENDED
Charitable Activities
3
31,327
Governance Costs
4
960
Management Costs
5
3,080
Finance Charges
6
177
TOTAL RESOURCES EXPENDED
35,544
NET INCOME/EXPENDITURE FOR THE YEAR
15,492
RECONCILIATION OF FUNDS
Transfer between funds
(10,000)
Total funds brought forward
72,725
TOTAL FUND CARRIED FORWARD
£78,217		 INCOMING RESOURCES
Notes
Unrestricted
Incoming resources from generated funds
Voluntary Income
2
51,036
51,036
RESOURCES EXPENDED
Charitable Activities
3
31,327
Governance Costs
4
960
Management Costs
5
3,080
Finance Charges
6
177
TOTAL RESOURCES EXPENDED
35,544
NET INCOME/EXPENDITURE FOR THE YEAR
15,492
RECONCILIATION OF FUNDS
Transfer between funds
(10,000)
Total funds brought forward
72,725
TOTAL FUND CARRIED FORWARD
£78,217		 2022
51,036
51,036
31,327
960
3,080
177
35,544
15,492
(10,000)		 2022
51,036
51,036
31,327
960
3,080
177
35,544
15,492
(10,000)		 2021
77,839
77,839
23,001
1,380
13,320
202
37,903
39,936
-
72,725 72,725 32,789
£78,217 £78,217
£72,725

None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2022 or 2021 other than those included in the statement of financial activities.

The notes on pages 8 to 10 form part of these accounts.

7

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31ST DECEMBER 2022

Notes
FIXED ASSETS
Tangible assets
8
CURRENT ASSETS
Cash at bank and in hand
NET CURRENT ASSETS
CREDITORS
Amounts falling due within one year
9
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS:
Unrestricted Funds
10
TOTAL FUNDS		 Unrestricted
Restated
2022
2021
5,592
8,367
73,585
65,318
73,585
£65,318
(960)
(960)
78,217
72,725
78,217
72,725
78,217
72,725
£78,217
£72,725		 Unrestricted
Restated
2022
2021
5,592
8,367
73,585
65,318
73,585
£65,318
(960)
(960)
78,217
72,725
78,217
72,725
78,217
72,725
£78,217
£72,725		 Unrestricted
Restated
2022
2021
5,592
8,367
73,585
65,318
73,585
£65,318
(960)
(960)
78,217
72,725
78,217
72,725
78,217
72,725
£78,217
£72,725
(960)
72,725		 (960)

72,725

72,725
£72,725

The financial statements were approved by the Board of Trustees on ……...………..and were signed on 27 July 2023 its behalf by:

…………………………………….

F Merotohun (Secretary) Date: 27 July 2023

The notes on pages 8 to 10 form part of these accounts.

8

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under historical cost convention and in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) issued in March 2005 and applicable accounting policies adopted in the preparation of the financial statements are as follows:

Accounting convention

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Financial reporting standard number 1

Exemption has been taken from preparing a cash flow statement on the grounds that the

charity qualifies as a small charity.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Tithes & Offerings

Income from tithes and offerings, is included in incoming resources when these are receivable

Investment Income

Investment income consists of net interest received during the year and accounted for as unrestricted fund.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.

Governance costs

Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment and Furniture - 20% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds is used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

9

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2022

2. VOLULTARY INCOME
Tithes and offerings
Gift aid
Building fund
Other income
Total incoming resources
3. CHARITABLE ACTIVITIES
Rent and premises cost
Evangelism and special events
Ministry & music expenses
Equipment and computer peripherals
Honorarium
Hospitality
Travel and subsistence
Central expenses
Books and journals
Welfare
Subscriptions
Legal and professional fees
4. GOVERNANCE COSTS
Accountancy Fees
5. SUPPORT COSTS: MANAGEMENT
Insurance
Light and heat
Telephone and internet
Repairs, maintenance and cleaning
Depreciation
6. FINANCE CHARGES
Bank Charges		 2022
41,603
7,290
-
2,143
£51,036
2022
7,410
100
11,656
-
1,400
350
-
4,400
50
1,845
-
4,116
31,327
2022
960
£960
2022
-
150
-
155
2,775
£3,080
2022
£177		 2022
41,603
7,290
-
2,143
£51,036
2022
7,410
100
11,656
-
1,400
350
-
4,400
50
1,845
-
4,116
31,327
2022
960
£960
2022
-
150
-
155
2,775
£3,080
2022
£177		 2021
48,160
7,536
1,500
20,643
£77,839		 2021
48,160
7,536
1,500
20,643
£77,839		 2021
48,160
7,536
1,500
20,643
£77,839
2021
-
949
8,295
237
519
4,618
-
250
100
-
53
7,981
23,002
2021
1,380
£1,380
2021
265
171
95
10,000
2,789
£13,320		 2021
-
949
8,295
237
519
4,618
-
250
100
-
53
7,981
23,002		 2021
-
949
8,295
237
519
4,618
-
250
100
-
53
7,981
2021
1,380
£1,380		 2021
1,380
2021
£202

10

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS NOTES TO THE ACCOUNTS - CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2022

7. STAFF COSTS AND TRUSSTEES EXPENSES Trustees' expenses

There were no trustees' expenses paid for the year ended 31st December 2022 nor for the year ended 2021.

Wages and Salaries
The average number of employees analysed by function :
No employee received remuneration of more than £60,000.
8. FIXED ASSETS
COST
Opening and
Additions
Closing balance
DEPRECIATION
Opening Balance
Charge for the year
Closing balance
NET BOOK VALUE
As at 31st December 2022
As at 31st December 2021
9. CREDITORS : Amounts falling within after one year
Accruals
11. MOVEMENTS IN FUNDS
Incoming
Resources
Unrestricted Funds
General Fund
£51,036
2022
Transfer
General fund for the year
15,492
(10,000)
General fund brought forward
£72,725
-
Total funds		 2022
Nil
0
Equipment
and Furniture
14,656
14,656
6,289
2,775
9,064
£5,592
£8,367
2022
£960
Resources
Expended
£35,544
2022
5,492
£72,725
£78,217		 2022
Nil
0
Equipment
and Furniture
14,656
14,656
6,289
2,775
9,064
£5,592
£8,367
2022
£960
Resources
Expended
£35,544
2022
5,492
£72,725
£78,217		 2022
Nil
0
Equipment
and Furniture
14,656
14,656
6,289
2,775
9,064
£5,592
£8,367
2022
£960
Resources
Expended
£35,544
2022
5,492
£72,725
£78,217		 2021
Nil
0
Total
14,656
-
14,656
6,289
2,775
9,064
£5,592
£8,367
2021
£960
Movement in		 2021
Nil
0
Total
14,656
-
14,656
6,289
2,775
9,064
£5,592
£8,367
2021
£960
Movement in		 2021
Nil
0
Total
14,656
-
14,656
6,289
2,775
9,064
£5,592
£8,367
2021
£960
Movement in		 2021
Nil
0
Total
Funds
£15,492
2021
39,936
£32,789
£72,725		 Funds

11

REDEEMED CHRISTIAN CHURCH OF GOD EAGLE CHRISTIAN CONNECTIONS INCOME AND EXPENDITURE FOR THE YEAR ENDED 31ST DECEMBER 2022

Incoming Resources:

Voluntary income:
Tithes and offerings

Gift aid
Building fund
Other income
Total incoming resources
£
RESOURCES EXPENDED:
Cost of generating voluntary income
CHARITABLE ACTIVITIES
Rent and premises cost
Evangelism and special events
Ministry & music expenses
Equipment and computer peripherals
Honorarium
Hospitality
Central expenses
Books and journals
Welfare
Subscriptions
Legal and professional fees
Legal and professional fees
£
GOVERNANCE COSTS
Accountancy Fees
MANAGEMENT COSTS
Insurance
Light and heat
Telephone and internet
Repairs, maintenance and cleaning
Depreciation
FINANCE CHARGES
Bank Charges
Total resources expended

Net expenditure
£		 2022
£
41,603
7,290
-
2,143
51,036
7,410
100
11,656
-
1,400
350
4,400
50
1,845
-
4,116
31,327
960
£960
-
150
-
155
2,775
£3,080
£177
35,544
15,492		 2021
£
48,160
7,536
1,500
20,643		 2021
£
48,160
7,536
1,500
20,643

£77,839
-
949
8,295
237
519
4,618
250
100
-
53
7,981
£23,002		 -
949
8,295
237
519
4,618
250
100
-
53
7,981
1,380
£1,380
265
171
95
10,000
2,789
£13,320		 1,380
£202
37,903

£39,936