REGISTERED CHARITY NUMBER: 1128583
REDEEMED CHRISTIAN CHURCH OF GOD RESURRECTION AND RESTORATION PARISH
Report of The Trustees and Accounts
for the year ended 31 March 2024
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REDEEMED CHRISTIAN CHURCH OF GOD RESURRECTION AND RESTORATION PARISH
Contents of the Financial Statements for the year ended 31 March 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Statement of Trustees Responsibilities | 2 |
| Accountant's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6-7 |
| Detailed Statement of Financial Activities | 8 |
REDEEMED CHRISTIAN CHURCH OF GOD RESURRECTION AND RESTORATION PARISH
Report of the Trustees for the year ended 31 March 2024
The trustees present their report with the accounts of the Charity for the year ended 31 March 2024.
The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1128583
Principal address
288 Slade Green Road Erith Kent DA8 2HB
Trustees
Samuel Odaudu Oluyomi Adetokunbo Florence Odulate Mohammed Alabi
Page 1
REDEEMED CHRISTIAN CHURCH OF GOD RESURRECTION AND RESTORATION PARISH
Statement of Trustees Responsibilities for the year ended 31 March 2024
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:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgments and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that 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.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
On behalf of the Board for Trustees:
Mohammed ALABI Trustee
5th May, 2024
Page 2
REDEEMED CHRISTIAN CHURCH OF GOD RESURRECTION AND RESTORATION PARISH
Accountant's Report
To the Trustees of Springs of To the Trustees of RCCG Resurrection and Restoration Parish
I report on the accounts for the year ended 31 March 2024 set out on pages four to eight.
Responsibilities of Trustees
The charity's trustees are responsible for the preparation of the accounts. I have prepared these accounts from information and explanation provided to me.
M.Y. Ojo Business Services
4 Butler Drive Erith Kent DA8 3AQ
5th May, 2024
Page 3
REDEEMED CHRISTIAN CHURCH OF GOD RESURRECTION AND RESTORATION PARISH
Statement of Financial Activities for the year ended 31 March 2024
| Statement of Financial Activities for the year ended 31 March 2024 |
||
|---|---|---|
| 2024 Unrestricted Funds Notes £ Incoming resources from general funds 2 48,764 3 22,884 Resources expended on other charitable activities Support Costs Management 1,000 5 27,242 51,126 (2,362) RECONCILIATION OF FUNDS Total funds brought forward 4,541 TOTAL FUNDS CARRIED FORWARD 2,179 INCOMING RESOURCES Voluntary income RESOURCES EXPENDED Charitable activities Resources expended on charitable activities Governance Costs Total resources expended NET OUTGOING/ INCOMING RESOURCES |
2024 Unrestricted Funds £ 48,764 22,884 1,000 27,242 51,126 (2,362) 4,541 2,179 |
2023 Unrestricted Funds £ 35,996 10,735 1,133 26,350 |
| 38,218 | ||
| (2,222) 6,763 |
||
| 4,541 |
CONTINUING OPERATIONS
All incoming resources and resources expended arise from continuing activities.
The notes form part of these financial statements
Page 4
REDEEMED CHRISTIAN CHURCH OF GOD RESURRECTION AND RESTORATION PARISH
Balance Sheet 31 March 2024
| Notes FIXED ASSETS CURRENT ASSETS 2 FUNDS Unrestricted funds 3 Cash at bank and in hand CREDITORS Amounts falling due within one year NET ASSETS TOTAL FUNDS Plant & machinery Net outgoing resources |
2024 Unrestricted Funds £ 2,678 601 1,100 2,179 4,541 (2,362) 2,179 |
2023 Unrestricted Funds £ 3,570 2,104 1,133 |
|---|---|---|
| 4,541 | ||
| 6,763 (2,222) |
||
| 4,541 |
The financial statements were approved by the Board of Trustees on 5th May, 2024 were signed signed on its behalf by:
Mohammed ALABI Trustee
These notes form part of these financial statements.
Page 5
REDEEMED CHRISTIAN CHURCH OF GOD RESURRECTION AND RESTORATION PARISH
Notes to the Financial Statements for the year ended 31 March 2024
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, 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.
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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be 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.
Page 6
REDEEMED CHRISTIAN CHURCH OF GOD RESURRECTION AND RESTORATION PARISH
Detailed Statement of Financial Activities for the year ended 31 March 2024
2. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2024 | 2023 |
|---|---|
| £ | £ |
| 1,113 | 1,100 |
£ £ Other creditors
This page does not form part of the statutory financial statements
3. MOVEMENT IN FUNDS
| 3. MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 48,764 | 51,126 | (2,362) |
This page does not form part of the statutory financial statements
Page 7
SPRINGS OF LIFE OUTREACH MINISTRIES
| Detailed | Statement of Financial Activities | |
|---|---|---|
| for the year ended | ||
| 31 March 2024 | ||
| 2024 | 2023 | |
| £ | £ | |
| INCOMING RESOURCES | ||
| Voluntary income | ||
| Tithe & offerings | 41,434 | 29,322 |
| Gift aid | 7,330 | 6,674 |
| 48,764 | 35,996 | |
| Total incoming resources | 48,764 | 35,996 |
| RESOURCES EXPENDED | ||
| Charitable activities | ||
| Pastoral Allowance | 15,260 | 5,520 |
| Donations & missions | 370 | 287 |
| WEM & RCCG expenses | 1,500 | 400 |
| Conventions & anniversaries | 5,754 | 4,528 |
| 22,884 | 10,735 | |
| Governance costs | ||
| Legal & Professional fee | 1,000 | 1,133 |
| 1,000 | 1,133 | |
| Support costs (Management) | ||
| Insurance | 876 | 806 |
| Telephone | 2,769 | 1,624 |
| Transportation | 1,545 | 3,459 |
| Rent, rates & utilities | 22,052 | 20,461 |
| 27,242 | 26,350 | |
| Total resources expended | 51,126 | 38,218 |
| Surplus | (2,362) | (2,222) |
Page 8