Charity Number: 1130539
RCCG- ￿ve Assembly
Liverpool
TRUSTEES. REPORT
AND
FINANCIAL ACCOUNTS FOR THE YEAR ENDED
31 ST MAY 2022

CONTÈNTS
FOR THE YEAR ENDED 31ST NIAY 2022
RCCG - Love Assembly
CONTENTS
Page
Charity's General Inforniation
Trustees Report
Independent Examinerfs Report
Balance Sheet
Notes to the Financial Statements
Stalemcnl of Financial Activities

RCCG - Love Assembly
GENERAL INFORMATION
FOR THE YEAR ENDED 31ST MAY 2022
ChArfty'S General InformatloD
TRUSTEES:
Pastor Kolawole Hamzat (Chair )
Mr OlugbeT]ga Emmanuel Dararnola
Mr Philip Adebukola Adegbola
PASTOR IN CHARGE:
Pastor Ayodeji Olufolahan Olaoye
PRINCIPAL AND WORSHIP OFFICE:
Crawford House
2 Gwent Street
Liverpool,
United Kingdom.
L8 8DN
CHARITY REGISTERATION NUMBER:
130539
BANKERS:
National Westtninster Bank PIC
Liverpool
L156YD
ACCOUNT ANTS:
Richflo Atcounting Services
4 Deeroak Close
Manchester M18 8AF
Page I

RCCG - Love Assembly
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 ST MAY 2022
FINANCIAL PERFORMALICE AND REVIEW OF ACTIVITIES:
During the year total income of
£169,782 was realised and Expenditure Resource of
£88,127
M'as incurred
on charitable activities. Included in the total income was
£47,132 donations received iowards rcstricted
building funds.
The finan¢ial year in view witnessed a gradual increase and return to some of our charitable programme$ and
church services, following the outbreak of the Covid-19 pandemic in the previous year 2020121 which impacted
on almost all the CIMrity activities. It biTthcd morc innovation in the use of tecbnology. online streaming and
remote working patterns to community outreach events and church services. The use of a temporary office and
lii'e slreaniing from tbe residence of the Pastor tILat was couverted inlo a broadcast studio still continued for
the period of this report.
The charily has ¢ontinved to reinvent op¢rdtion5. Conducting trainings. and counselling online to her service
users. There was more distribution of palliatives to farnilies and individuals affected by the pandemic. During
Christmas, in collaboration NN'ith Samaritan's Purse UK 100 children in disadvantaged families were sent
Christinas boxes. In collaboration with Compassion UL the sponsorship of Children continued through thc
financial period.
The Charity has been very successful aT)d effective with the online outreach and participation has driven an
increase in the physical attendanee on Sunday Me￿ings, with new m¢mbers joining the volunteering teams.
This ycar a new outreach initiative called #Project Isaiah 60 was launched.. _ an outreach that executed projects
that.. engaged with over 20 women in Asylum providing basic amenities and football kits. set up breakfast club
serving an average of 50 - 55 children monthly, a health and wellness workshop and free health check for over
100 8ervice users. A podcast on 5¢tt1ing to life in the UK was launched whi¢h provided a one-stop guide
helping new inunigrants especially to the city of Liverpool.
The restricted fund for future building acquisition was boosted with surplus funds saved. acquisition of a new
charity owned building is ongoing and planned for completion in the next financial year.
The Trustees are pleased to [c￿rt that the church has continued to be very successhl in ministering to many
people, through the various online and digital initiatives. The cknity aims to continually build upon its current
achieven]ents, effectively spreading the ethos of love and unity while promotiDg the Christian faith through
innovations and initiatives as the pandemic wes over the llcxt months and years to comc.
The charity's Trustees are responsible for preparntion of financial slatements in compliance with requiremcnls
as to its fonn and contents under section 132 (1) of the Charities Act 2011 and that an independent examination
needed is needed. In preparing these financial stalements, Trustees are required to:
select suitable accounting policies and then apply them consistently
make judgern¢nts and estimates that are reasonable and prudent
prepare tbe fmancial statements Oll the going concern basis unless it is inappropriate to
presun]e thai the church will continue in operational service.
* the financial slalements are prepared as requkred by law to give a Irue and fair view of the stste of affairs of
the church surylus or deficit for that period. and safeguard the assets of the church.
Page 2

RCCG . Assembly
TRUSTEES. REPORT
FOR THE YEAR ENDED 31ST MAY 2022
iNDEPENDEKf EXAMiNERS:
Tlie Tnjsipes app)inied R5chno AcccH]niln8 Se￿Cts a5 Its kndepeThJenl exaMIne￿ A M)luikJn for ￿aP￿In1-
mcnt will be PTOP05ed thjthg the next TnÈeUn8.
This rep)rt W&5 aprrfoved by ihe TTr￿(e¢S on 21A Fei¥uary 2023 •MI s[￿ed behalf by trustee..
NamE orTn￿let'.
Si8naiure.
Pay3

RCCG - Love Assembly
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 3 1ST MAY 2022
I have examined the draft Unaudited Management A￿ollnts. which comprises Ihe financial activities, incomes
and expenditures with Balance Sheet and the related Notes on pages 6 to 8 and the accounting policies of the
RCCG LOVE ASSEMBLY, Liverpool for the year ended 3 1st May 2022.
This report is made solely to the Charity,s Tn￿teeS are responsible for the preparation of tbe accounts. The
Trustees consider audit is not required for this ycar under section 160(1) of the Charities Act 2011 and that an
independent examinatiotL is needed.
Respective responsibilities of Trustees 2nd Independent Exgminer:
As described on page 4, the Trustees are responsible for the preparation of financial statements. It is Tny res
onsibility to Carry out an independent examination of those financial statements and io issue a report based on
that examination.
Scope Of examiner's Statement:
I conducted my examination in line wtth directions given by the Clwity Commission under section 145(5) of the
Charities Aci 2011. An examination includes review of accounting records kcpt by the charity and comparison
of the financial statements with those records as well as oxplanations from the lrnstees concerning the records.
The procedures undertaken do not provide all thc evidence that would be required in an audit. Consequently
no audit opinion is given and the report is limited to the statements b¢low'.
Independent examiners statement:
We, as independent examiner have the requisite ability and practical experience to carry out a competent
examination of the accounts in accordanee with section 145(1)(a) of the Clwities Act 2011.
In connection with our exarnination. no matter has come lo my attention-
Which gives me reasonable cause to believe in any material respect the requirements:
to keep aceounling records in accordance wilh section 130(1) of the Charities Act 2011. and
to prepare financial statements which comply with th¢ accounting rcquirements of section 132(1) of the
Charities Act 2011, have noi been met- or
li. To which in our opinion, attention should be drawn in order to enable a prop¢r understanding of the
financial ststements to have been prepared
Signed..
and dated 21st February 2023
Richflo Accounting Services
4 Deeroak Close
Mallcliester
M18 8AF
Page 4

RC'('.C. l.ovt Awnthjy
I,'I)11 THL I'L*lk ENDED 31ST MAY 2022
FIXED ASSErs
'14llRlble AssEts
2022
2021
Ndes
CURRE￿ AssErs
PrepayiiienLs
C.6t%hlBank
10.404
175,100
185.504
9.863
139.477
119.340
CREDITORS
4fii¢)Iini Diiv Wlihln l Ypar
NET CURRENT ASSETSI(LIABILrrIESI
CREDITORS
(SL￿}
17501
185.fmm
148,590
.4J)itsiini Di1* Aficr l YE
TOTAL NET ASSETSIILIABILITIE51
CIIARITY FUNDS
10}
ZO2 910
163 254
General R?%trn'eÈ fur Iho Yeor
202.910
20Z 910
163.254
163 254
TIM. tjllslE￿ ivere &iiislled Ihai the chaTliy b enliiled to exeThwiioll (rom wdli wMIEf 5ectlon 160{1) tsf Iht
C'h*￿1￿(& A£1 2011 for ihe are￿nun8 peTlrpJ eThlEd 31* May 2022.
rhr Inislets acknowled8e their res￿>￿1b￿ll15es for.
'.Il pn511ring Ihai the charilabie cornpany keePsaC¢￿￿￿81ttords whlch complylth secttoro 130 of the
C-.liarilics Aci 2011: and
lill P*Pdring ftnancla] staicmems which 8ive a Ifue Ind f￿r v5ew of the 4ateof aff•1￿ of tht duritable as at
i.'Ir L'nd of Ihc in wilh Sec￿0￿ 13211) of C￿￿]￿e5 Act 2011.
'.pproved by Iho Tntstees on 2ffist Felxu8ry 2tr23. and sI￿d on i1*b&￿r ljy the trustees..
'￿11￿ ofTrusitt'.
8nalure-.
Page S

RCCG - Love Assembly
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 1ST MAY 2022
I. ACCOUNTING POLICIES
The financial statement5 have been PT¢pared in accordance with applicable Accounting Standards in United
Kingdom with the application of FRSSE and Statement of Recomrncnded Practice Accounting and Reporting
by Charities (SORP 2000 & 2005) issued by the Charity Commission. Asummary of the principal accounting
policies, which have been applied consistently is set out below:
(a) Basis of Preparatlon of FRnancial Stetements;
The financial statements are prepared under the historic cost convention and include the result of charity's
operation, which are described in the Truslee's ReporL of which are continuing.
(b) Incoming Resources:
All incornes is credited to thc Statement of Financial Activities on the earlicr date of when they are received
or when they are receivable.
(¢) Restricted Funds: Building Funds
R¢stricted funds are to be used for specific purposes within the objects of the charity. Expenditures which
meet thesc specific criteria, will be matched wilh a fair allocation of management and support costs. There
is rcstri¢ted building fimds amount of
£47,132 during the year.
(d) Unrestricted Funds:
Unrestricted funds are donations. offerings and other incomes generated for the objects of the charity
without further specific purposes and are available for general and public funds.
(e) Resources Expended:
Direct Charitable expenditure includes all expenditure incu￿ed by the charity in direct pursuit of its
charitable objectives. Governance expenditure includes all costs incurred which relates to the charitable
aT]d for administaration of the charity in compliance with constitutional and statutory requirements.
Tanglble Fised Assets and Depreciation:
Tangible fixed assets are statcd al cost less depreciation. Depreciation is provided at rates in order to write off
the cost of each assets, less their estimated residual value over its estimated useful life as follows-.
Furnitur¢ and Fittings
250/0 at reducing balance
Church Equipment & Van
250/ts at reducing balance
Motor V¢hicles
250/0 at reducing balance
Page 6

RCCG - Love Assembly
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 3 1ST MAY 2022
2 TANGIBLE FIXED ASSETS:
COST I VALUATION:
Furniture Equipment
Fittings
&Van
Motor
Vehicles
2022
TOTAL
2021
TOTAL
Opening Balance
Additions
Closing Balance
16.824
26,238
9,072
24,904
67,966
9,072
62,770
5,197
Depreciation
Opening Balance
Charge for the period
Closing Balanee
12,910
979
18,258
4,?63
21,995
727
53,163
5,969
48,228
4,935
Net Book Value
Opening Balance
Closin(p Balance
3,914
7,981
2.909
14,804
14,542
3 PREPAYMENTS:
Prcpaymcnts
10,404
9,863
4 CREDITORS: Amount Due Within l Year
Accountant Fees
500
500
750
750
5 CREDITORS: Amount Due after l Year
Car Finance- Due 1-5 years
Balance Brought Forward
Lcss.. Repa￿)entS
Balance Carried Forward
140
140
1,080
940
140
6 MOVEMENT IN STATEMENT OF FUN'DS
Net Funds Brought Forward
Funds Movement - Surplus/(Deficit)
Net Funds Carried Forward
163,254
39,655
202 910
160,474
2,780
163 254
Page 7

RCCG - Love Assembly
STATEMENT OF FtNANCIAL ACTIVITIES
FOR THE YEAR ENDED 3 1ST MAY 2022
2022
TOTAL
Funds
2021
TOTAL
Funds
Unrestricted Restricied
Funds
Funds
7. FUNDS MOVEMENT".
Incon]ing Resources
Fund Transferred to Reserve
Resource Expended
Notes
122.650
(o)
(88.127)
47.132
(42,000)
169,782
(42,000)
(88.127)
86,586
(01
(83,806)
8. INCOMING RESOURCES:
Tithes and Offerings
Donations
Furlough Grants
Gift Aid
Bank Tnleresl In￿rne
Building Funds
TOTAL INCOME:
88,783
11,563
1,485
20.819
10
47.087
88,793
58.650
1,485
20,819
35
72,656
12,229
35
1,701
122 650
169 782
9. RESOURCES EXPENDED:
Charitable Activities
Governance Costs
TOTAL EXPENDETURE:
io
36,502
51.625
36.502
51,625
38.938
44,867
10 Charitable Activitles
Rent & Rates
Conferences, SerninaTS
Donaiions & Welfare
Utilities, Phone & Internel Bills
World Evangelical Missions
18,014
1.521
5.968
491
10.508
18,014
1,521
5,968
491
10,508
13,437
3,038
1,477
2,925
10,874
I l Governance Costs
Transport, Vehicle & Hire Expenses
Repair and Maintenance
Printing, Stationery. Postages & Books
Accountancy & Payroll Fees
Depreciation of Assets
Subscription Fees
ProfessionaVAdministration Fees
Insurance & Licences
Bank Charges
Staff Salaries & Allowances
Training Expenses
5.675
2.347
874
500
5.969
2.428
5.613
4.995
253
22,091
880
5,675
2.347
874
500
5,969
2.428
5.613
4,995
253
22,091
880
2,104
7,522
428
750
4,935
1,904
306
4,419
254
18,073
Page 8