2022-12-31-accounts - The Redeemed Christian Church Of God "City Of His Grace"

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Contents
Trustees annual report
Statement oftrustees	responsibility
independent examiner's		report
Statement offinancial	activities
Balance sheet
Notes to the accounts

Financial review			2022	2021
				E
			8,453	(5,616)
Net Income/(loss)
Unrestricted revenue		funds (available for the general	122,223	127,840
purpose ofthe charity)
Restricted revenue	funds		130,676	122,224
Total funds

						2022	2021
			Notes	Unrestricted F	Restricted f	Total F	Total
Incomin Resources
Incoming resources from generated		funds:
Tithes and offering Other income			7 8	99516 31,720		99,516 31,720	90,542 23,585
Total Incoming Resources				131,236		131,236	114,127
Resources Ex ended
Cost ofgenerating funds:
Voluntary income Charitable activities Governance costs			9 10 11	48,913 72,920 950		48,913 72,920 950	49,701 69,543 500
Total Resources expended				122,783		122,783	119„744
Net Incoming/(Outgoing)	Resources for the year			8,453		8,453	(5,617)
Net movement in funds Total fund brought forward				8,453 122,223		8,453 122,223	(5,617) 127,840
Total fund carried forward				130,676		130,676	122,223

Balance sh	eet as at 31 December 2022
				2022		2021
		Notes		F		E
FIXEDASSETS
Tangible Fixed	Assets	12		269,222		276,503
				269,222		276,503
CURRENT ASSETS
Debtors		13	10,000		10,000
Cash tn Hand/	Bank		26,600		25,717
			36,600		35,717
CREDITORS: Amount falling	due within a year	14	~21,500		(31,143)
NET CURRENT ASSETS				15,100		4,573
TOTAL ASSETS LESSCURRENT LIABILITIES				284,323		281,076
CREDITORS:
Amount falling	due more than a year	15		(153,647)		(158,853)
NET ASSETS				130,676		122,223
ACCUMULATED FUNDS
Restricted		19
Unrestricted		19.1		130,676		122,223
TOTAL FUNDS				130,676		122,223

5.Net surplu	s	before tax in the financial year
			2022	2021
				F
The net surplus		before tax in the financial year is stated after charging:-	8,453	(5,616)
Depreciation	of	owned fixed assets	8,876	13,187

7. Voluntary	Income:		Donations	Donations			2022	2021
							E
	Tithes						78,327	73,632
	Offerings						17,155	14,723
	Thanksgiving						4,034	2,186
							99,516	90,542
8. Other income							2022	2021
	Gift aid						20,002	16,390
	Other income						11,718	7,195
							31,720	23,585
9.Cost ofgenerating		voluntary		income
							2022	2021
	Administration				Note	4.1	27,243	19,754
	Support	costs			Note	4.2	8,876	16,211
	Premises				Note	4.3	12,794	13,736
							48,913	49,701
9.1.Administration
							2022	2021
	Stationery		and printing				424	1,445
	Utilities						2,653	1,208
	Insurance		expenses				758	3,360
	Telephone		and internet		charges		2,461	1,840
	Ministry expenses						15,034	6,502
	Bank charges						910	536
	Premises,		repairs,	renewal		and mainten;	5,003	4,863
							27,243	19,754

9.2.Support	services
			2022	2021
	Depreciation		8,876	13,187
	Sundry expenses			3,024
			8,876	16,211
9.3.Premises
			2022	2021
	Mortgage	interest	12,794	13,736
	Rent and	rates
			12,794	13,736

10.CHARITABLE ACTIVITIES- (Direct charitable expenditure This comprises all expenditure directly related to the objects of expenditure in support ofthat activity where material.	10.CHARITABLE ACTIVITIES- (Direct charitable expenditure This comprises all expenditure directly related to the objects of expenditure in support ofthat activity where material.	10.CHARITABLE ACTIVITIES- (Direct charitable expenditure This comprises all expenditure directly related to the objects of expenditure in support ofthat activity where material.	10.CHARITABLE ACTIVITIES- (Direct charitable expenditure This comprises all expenditure directly related to the objects of expenditure in support ofthat activity where material.	10.CHARITABLE ACTIVITIES- (Direct charitable expenditure This comprises all expenditure directly related to the objects of expenditure in support ofthat activity where material.	Unrestricted) the charity. It	also includes the
						2021
Charitable donations Media, website etc Travel expenses Subscription Pastorate discretionary expenses World Evangelism Mission Books and resources				2,712 300 3,452 1,761 5,550 146		223 2,868 2,039 786 3,900
Community Projects Gross salary Employer National Insurance Employer Pension Event, seminar and conferences Staff training Welfare, grant and social action				8,407 35,344 2,404 561 3,196 9,087		9,153 37,634 2,946 720 147 9,125
				72,920		69,542
11.GOVERNANCE COSTS
Legal 8 professional	fees			2022 950		2021 500
				950		500
12.Tangible fixed assets
				Church
		Building	Equipment		Total
COST
At 1 January 2022 Add: Additions At 31 December 2022 Depreciation		297,806 297,806		42,935 1,595 44,530	340,741 1,595 342,336
At 1 January 2022 Charge for the year At 31 December 2022		23,824 5,956 29,780		40,414 2,920 43,334	64,238 8,876 73,114
Net book value
At 31 December 2022 At 31 December 2021		268,026 273,982		1,197 2,521	269,222 276,503
13.Debtors				2022		2021
Charitable loans				10,000		10,000
				10,000		10,000

14.Creditors: Amoun	t	fallin	g due within one year
				2022	2021
				R
Mortgage on building				18,000	18,000
Other creditors				3,500	13,143
				21,500	31,143
15.Creditors: Amount		falling due after more than one year
				2022	2021
Mortgage on building				153,647	158,853
				153,647	158,853
16.NET MOVEMENT		IN FUNDS FOR THE YEAR
				2022	2021
The net movement	in funds		for the period is stated	F
after charging:
Depreciation of	tangible		fixed assets	8,876	13,187
				8,876	13,187
17.Trustees remuneration			and related expenses.

No member ofthe	No member ofthe	Board ofTrustees	received any remuneration	received any remuneration	during	the year.
18.Funds			Unrestricted	Restricted		Total	Total
			Funds		Funds	Funds	Funds
						2022	2021
At 01 January	2022		122,223			122,223	127,840
Adjustment
Surplus/(Deficit)		for the year	8,453			8,453	(5,617)
At 31 December		2022	130,676			130,676	122,223