THE REDEEMED CHRISTIAN CHURCH OF GOD
(LOVE ASSEMBLY)
FINANCIAL STATEMENTS FOR THE YEAR ENDED
DECEMBER 2023.
ChariryNumber 1131819

THE REDEEMED CHRISTIAN CHURCH OF GOD.
(LOVE ASSEMBLY)
INDEX
Conteiil
Page
Index lo the Loiiienl
'I'rustees repoi
Accounlants Certilieate
Income and Expenditure Accvuni
Balance ShcLI
Notes To the Account
9-10
Page I

The Redeemed Christian Church of God (Love Assembly)
Report of the trustees for the year ended 31st December 2023
The truslees are pleased to present their report together with the financial
statements of the charity for the year ended 31 st December 20?3.
Objectives of the charity
The objects of the charity are..
Advancenient of the Christian faith worldwide
To relief sickness and financial hardship and to promote and
preserve good health.
iii) To advance education
To acliieve these:
The charity engaged in running Sunday services in its locality.
Organise crusades.
Regular evangelism.
Prayer meetings & bible studies.
The door of the charity is widely open to any one in need of counselling
on any matter.
Youth activities are organised to help young ones become responsible
and uset.ul in the society.
During tlie year training was held to educate the community on .
Trip was organised to Margate beach front as a means of promoting
Healthy living for participants.
Duriiig the festive periods we organised visits to Camberwell Green
Where rough sleepers were entertained with lunch parks and drinks.
Couples diniier was organised to promote family and communal
Harniony.

Organisation
An elected board of at least ihree members administers the charity.
The board meets four times a year.
A pastor is appointed by the board to manage the spiritual and the day-to-
day operalions ot'the charity. There are volunteers assisting the pastor in
the administration and other areas where help might be needed.
Risk review
The trustees have conducted a review of the major risks to which the
charity is exposed and systems have been established to minimise those
risks.
Internal procedures are established and regularly reviewed to ensure
compliance at all times.
Responsibilities of the trustees
Company law requires the trustees to prepare financial statements for
each financial year which give a true and fair view of ihe state of affairs
ot'the charity as at the balaiice sheet date and of its incoming resources
and application of resources. including income and expenditure, for the
year then ended.
In preparing those financial statements which give a true and fair view,
Ihe trustees should follow best practice and..
Select suitable accounting policies and then apply them consistently
Make judgements and estimates that are reasonable and prudent
State whether applicable accounting standards have been followed.
subject to any material departures disclosed and explained in the
financial stalements
PagL.i

Prepare the financial statements on the going concem basis unless
it is inappropriate to assume that the charity will continue on that basis.
The trustees are responsible for keeping accounting records which
disclose with reasonable accuracy at any time the financial position of the
charity and also 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 lience for taking reasonable steps for the prevention and detection of
traud and otlier irregularities.
Reserve Policy
The trustees of the charity have a prudent reserve policy, conscious of
the fact that the charity is not self-financing and aware that reserve must
be set aside in case of funding challenges.
The trustees have adopted a policy of keeping a reserve account
separately from the general funds where all activities of the organisation
al-e run from. The trustees move unused fundJ into this account from time
to time. Tl)e gift aid received is also kept in this account.
This policy will be reviewed fi'om time to lime.
Grant Making Policy
The Charity SLlPPOrt visiting ministers of the gospel both within and
outside the United Kingdom. Support is also given to RCCG central
office. World evangelism mission. Festival of life and other RCCG
programmes. The chureh siipport other Lharities and missionary that
shares its objectives in advancement of Christian faith and relief of
poverty. The church gives occasional grants to people/coiigregational
members who are in need.
PAg¢ 4

Future Development
The charity continues to explore various ways of spreading the gospel of
Christ in an effective manner. The charity is also looking to grow in
menibership and continue to develop its members to make life changing
impact in society.
During the year the charity Started a once in a month food bank out reach
t.or the homeless. The programme has been very successful and has been
a life changiniTr experience for the attendants.
The trustees
Trustees, who are also directors under company law, who served during
the year and up to the date of this report are as follows:
Dr Adeniyi Faboya
Deacon Tope Awobajo
Pastor Samuel Eesuola
On behalf"ot"the Board of Trustees
Mr Tope Awo
ajo
Page 5

THE REDEEMED CHRISTIAN CHURCH OF GOD
(LOVE ASSEMBLY)
ACCOUNTANTS CERTIFICATE
FOR THE YEAR ENDED 31 ' DECEMBER 2023.
In accordance with instruction given to us, we have prepared the Annexed
Income and Expenditure account and balance sheet under the historical
cost convention, using the accounting records: information and
explanation supplied to us by the trustees, and certify that they are in
accordance there-in.
Topson & Co
?4 Harbour House
Coldharbour Lane
Rainhani
RM13 9YB
Pag¢ 6

THE REDEEMED CHRISTIAN CHURCH OF GOD ILOVE ASSEMBLY)
STATEMÉNT OF FINANCIAL ACTIVITIES FOR
THE YEAR ENDED 31ST DECEMBER 2023
MMARY INC
ME AND
PENDIT
NT.
Notes Rèstricts
Unrestri¢
2023
2022
INCOMING RESOURCES
Donations
29986
29986
29847
Other voluntsry Income
1450
1450
Incorne from gift aid
Income frorn Investment
421
421
TOTAL INCOMING RESOURCES
31857
31867
29847
RESOURCES USED
Granis
6250
6250
2130
Direct parish expendiluie
18785
18785
6529
Management and govemance cost
17168
17168
151
TOTAL RESOURGES USED
42203
42203
NET INCOMING RESOURCES
-10346
-10346
6088
8ALANCES BIF AT BEGINNING
OF YEAR
51508
51508
45420
BALANCES CARRIED FORWARD
41162
41162
51508
Page 7

THE REDEEMED CHRISTIAN CHURCH OF GOD (LOVE ASSEMBLY)
BALANCE SHEET AS AT 31ST DECEMBER 2023
Notes
2023
2022
Fix8d assets
Tangible assets
10
Current assets
Cash at bank and in hand
Retil Deposit
¢reditor amounts fslling due
within one year
46700
S7782
11
5538
274
Net curr&nl asset$
Provision for liability and charges
Net current a$$Èts less cuffent
41162
51508
41162
Funds
Restricted funds
Unrestricted funds
Totsl fund$
41162
41162
51508
Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD ILOVE ASSEM8LYI
NOTES ON FINANCIAL STATEMENT
FOR THE YEAR ENDED 31ST DEGEMBER 2023
1. Atcounfjng Pollclgs
Thelinan¢ial statemen15 h8ve been p￿pared un08r ihe his￿¢￿1 C￿1 ￿Veni10￿ and In 3croid¥n¢e wth
th& 5talemeni ol recommet¥Jed ¥K8¢t1￿, accountsng ar￿ by Charitye$ ISORPI apkquble 8ttWnli
stan￿[&S and Companies Ad 1985
2.Don8Dons
U#r•*ri¢¢o0
Fund$
Restrict
Fund8
2023
2922
Times & 0￿ering&
Thanksgr¢ing OtfaMg
28694
3291
26694
ts￿1
26571
5276
3.OlhFr volvnwry ItKorne
1450
1450
Incorngfrom 9lftahl
S.In¢offlè from ItwestmeDts
Bartk 4rnieiesi feceive
421
421
6.Grants pald
8C4)
600
¢00
40
c0mmpas￿n UK
Centiai Offi
Area
Evang811(xl Allianc•
5300
2￿
53
14
62$0
6250
2130
7.Dlrect partsh eXFwxlitur•
Minisiry
Insuran
Rent
1483
S￿4
1483
6954
Church runnl
Admin
cost..
365
Accèssonès
3S3
1538
ao
707
353
153e
80
707
220
11
250
Repair & Mainlain•nce
OMCITrsining
Evangelism
173
2927
2700
700
750
2J1
2927
00
70C)
750
231
Volunt8er$
HonoLiranum
van Emoenses
Others
Dep￿Dat
295
525
18785
18786
Pa9e 9

8.Managèmet)t & Govtmat)COCOYt
A(tountsnis lee
Saianes. Tay & Nl
850
650
650
14450
71
9.Net movemfynt funds ft>fihe Ye8r
net movemwi in fund fortt* year1$ 5tsted aiiercWgItKJ.
Depreri3lion ￿ tangiblea￿lS
AcCo￿￿ta￿S r8muneraiion
528
10.Tangity• fix4d assets
Cosi
Al 1 J?nuary 2023
Equipment
FixbJr8$ & Fltllrfjs
Toial
45S7
225
522È
Al 31 Oscèmber 2023
52Z8
D¢pTrciation
Al 1 Jailiiary 2023
Charge fLWihe year
Al 31 D&wnber 2023
4￿7
22S
445
5227
4￿7
225
52
Net book v*ue
All fue¢ 388ttsare used direclly for1￿ChL¥¢h purw¥es.
11.thditor8.' 4m¢untA fallln9 due wlthln one ye4¢
Acwuntants f￿S
Tsx & Salary
650
4888
Page10