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← The Redeemed Christian Church Of God "City Of His Grace"

2024-12-31-accounts

Charity number: 1131975

THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF HIS GRACE

TRUSTEES REPORT AND FINANCIAL STATEMENT FOR THE PERIOD YEAR ENDED 31 DECEMBER 2024

The Redeemed Christian Church of God, City of His Grace Financial statements for the year ended 31 December 2024

Contents
Trustees annual report 2-4
Statement of trustees responsibility 5
Independent examiner's report 6
Statement of financial activities 7
Balance sheet 8
Notes to the accounts 9-16

The Redeemed Christian Church of God, City of His Grace Financial statements for the year ended 31 December 2024

Reference and administrative information

General Overseer:

Pastor E A Adeboye

Pastor in Charge:

Pastor Adebiyi Oladipo Lawal

Charity registration number:

1131975

Registered address

Mercy Centre Rose Street Northfleet DA11 9EQ

Trustees

Pastor Solomon Adebowale Adegoke Mr Olaoluwa Adewale Adeyemi Mrs Omotunde Ayodele Oladipo Mr Oluwasola Olamidotun Odeyemi

Accountants

MC Alpha Consult Limited Unit 2, Concord House 41 Overy Street Dartford DA1 1UP

Bankers

Barclays Bank

Page 1

The Redeemed Christian Church of God, City of His Grace Trustees' Annual Report for the Year Ended 31 December 2024

Structure, Governance and Management

a. CONSTITUTION

The church was constituted under a trust deed dated 01 May 2009, and was registered as a charity on 05 October 2009 with Charity registration number 1131975.

b. METHOD OF APPOINTMENT OR ELECTION OF DIRECTORS/TRUSTEES

Trustees are elected and co-opted under the terms of the trust deed.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

The induction process for a newly appointed member of the Trustees comprises an initial meeting with other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the trustees.

e. RELATED PARTY RELATIONSHIPS

RCCG City of His Grace is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an 'Agreement for Common Purposes'.

f. RISK MANAGEMENT

The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate our exposure to the major risks.

Objects and Activities of the Charity

The purposes of the charity, as outlined in its governing document, are:

  1. The advancement of the Christian religion worldwide.

  2. The relief of poverty.

The charity pursues these objectives through the operation of a Christian worship center located at Rose Street, Northfleet, Gravesend, DA11 9EQ. Additionally, the charity organises special training and and mentoring activities for the unemployed, people planning to start their own businesses, and operates a general information center for the public.

Significant activities that contributed to the achievement of these objectives during the year included:

1. Promoting the Christian Faith :

Distribution of leaflets containing Christian messages.

Organising multi-themed services, night vigils, special prayers, and counselling sessions

Page 2

The Redeemed Christian Church of God, City of His Grace Trustees' Annual Report for the Year Ended 31 December 2024

2. Raising the Profile of the Charity :

Organising community events such as picnics and celebrating occasions like Mother's Day and Father's Day, Multicultural Day, Community Sports Day, and monthly Coffee evening for the community

3. Relief of Poverty :

Providing training and mentoring for members and the community in areas such as starting businesses and family management, alongside offering counselling services

4.Public Benefit Statement

The trustees have had due regard to the Charity Commission’s public benefit guidance when planning activities. Our Sunday and mid ‑ week services are open to all, with additional public ‑ benefit activities including:

Global public benefit through partners: In 2024 we supported Compassion UK (£4,277) enabling, for 12 young people in Burkina Faso, 8,090 hours of child engagement at the project centre, 2,610 meals,

48 medical check ‑ ups, and the distribution of 29 Bibles. We also supported additional charities including [Cancer Research UK], [Save the Children UK], [Sanctuary (Gravesend Homeless Shelter)],

[Mayor of Gravesham’s Charity Fund], [Evangelical Alliance], and [Bible Society].

5. Achievements and Performance (2024)

Volunteer contribution: Over 40 volunteers served across ministries (e.g., worship, welcome, children & youth, welfare, facilities). Approximate volunteer hours in 2024: 16,000 hours. Their contribution remains vital to our public benefit.

Page 3

The Redeemed Christian Church of God, City of His Grace Trustees' Annual Report for the Year Ended 31 December 2024

6. Financial Review

Overview: The charity’s principal income continues to be voluntary donations and related church income. Expenditure supports worship, outreach, welfare, premises and administration in furtherance of our charitable objects.

At a glance (with comparatives):

2024 2023
Total income £150,161 £156,854
Total expenditure £137,395 £133,968
Net surplus/(deficit) £12,765 £22,886
Net assets at year‑end £166,327 £153,561
of which: Unrestricted funds £166,327 £153,561
of which: Restricted funds £ NIL £ NIL

Cash and going concern: The trustees consider the charity to be a going concern for at least 12 months from the date of approval, based on budgets and cash forecasts.

7. Reserves Policy

The trustees aim to hold free reserves equivalent to 3 months of regular charitable expenditure (target £33,000). At 31 December 2024, free reserves were £53,944 which is target.

8. Principal Risks and Uncertainties

Risks are reviewed at trustee meetings with actions tracked and updated.

9. Fundraising Statement

‑ The charity does not employ professional fundraisers or carry out high pressure fundraising. We adhere

to good practice, including safeguarding of vulnerable people. Complaints received in 2024: NIL

10. Related Party Transactions

The trustees confirm there were no related party transactions requiring disclosure during the year.

11. Plans for Future Periods (2025)

Page 4

The Redeemed Christian Church of God, City of His Grace Trustees' Annual Report for the Year Ended 31 December 2024

Statement of the trustees' responsibilities.

The trustees are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and the Charities SORP (FRS 102). Charity law requires the trustees to prepare financial statements that give a true and fair view of the state of affairs of the charity and of its incoming resources and application of resources for the year.

In preparing the financial statements, the trustees must:

The trustees are responsible for keeping adequate accounting records, safeguarding the assets of the

charity, and taking reasonable steps to prevent and detect fraud and other irregularities.

Approval

This report was approved by the Board of Trustees on [date] and signed on its behalf by:

Solomon Adebowale Adegoke (Pastor) Date: Chair of Trustees

Page 5

The Redeemed Christian Church of God, City of His Grace Independent examiner's report for the year ended 31 December 2024

Report to the Trustees of The Redeemed Christian of God, City of His Grace on the accounts for year ended 31 December 2024. Charity number 1131975.

I report to the trustees on my examination of the accounts of the above charity ("the Charity" ) for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity's trustees, you are responsible for the preparation of the accounts in accordancce with the requirements of the Charities Act 2011 ("the Act").

I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination, I have followed all the applicable directions given by the Charity Commission. under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

This is a report in respect of an examination carried out under 145 of the Act and in accordance with directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the charity as required by Section 130 of the Charities Act 2011;

the financial statements do not accord with the accounting records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the account gives a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns 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 financial statement to be reached.

Iredele Oyedele FCCA

Signed: Mr Iredele Oyedele

Date: 29 / 09 /2025.

Iredele Oyedele - Independent Examiner The Association of Chartered Certified Accountants MC Alpha Consulting Limited (A firm of Chartered Certified Accountants) Unit 2, Concord House Dartford DA1 1UP

Page 6

The Redeemed Christian Church of God, City of His Grace Statement of financial activities (including income and expenditure accounts) for the year ended 31 December 2024

Notes
Incoming Resources
Incoming resources from generated funds:
Tithes and offering
7
Other income
8
Total Incoming Resources
Resources Expended
Cost of generating funds:
Administative and support services
9
Charitable activities
10
Governance costs
11
Total Resources expended
Net Incoming/(Outgoing) Resources for the year
Net movement in funds
Total fund brought forward
Total fund carried forward		 2024
2023
Unrestricted
Restricted
Total
Total
£
£
£
£
119,180
-
119,180
125,162
30,980
-
30,980
31,692
150,161
-
150,161
156,854
63,563
-
63,563
49,099
73,282
-
73,282
84,369
550
-
550
500
137,395
-
137,395
133,968
12,765
-
12,765
22,886
12,765
-
12,765
22,886
153,561
-
153,561
130,676
166,327
-
166,327
153,561

All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.

Page 7

The Redeemed Christian Church of God, City of His Grace Balance sheet as at 31 December 2024

Notes
FIXED ASSETS
Tangible Fixed Assets
12
CURRENT ASSETS
Debtors
13
Cash in Hand/ Bank
CREDITORS:
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS:
Amount falling due more than a year
15
NET ASSETS
ACCUMULATED FUNDS
Restricted
19
Unrestricted
19.1
TOTAL FUNDS
Amount falling due within a year		 £
11,470
58,518

Approved by the Trustees and Signed on their behalf:

Signature:

Name: Solomon Adebowale Adegoke (Pastor)

Date:

Page 8

The Redeemed Christian Church of God, City of His Grace Notes forming part of the financial statements for the year ended 31 December 2024

1.Accounting policies

Policies relatiny to the Production of the accounts.

Basis of preparation and accounting convention

The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), Charity Commission in England and Wales (CCEW), effective January 2016, and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial state ments in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.

Going concern

The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financial forecasts for future periods to 31 December 2024, the Trustees are satisfied that, at the time of approving the financial statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Other than these matters, the Trustees are not aware of any material uncertainites about the charity's ability to continue as a going concern.

Policies relatiny to categories of income and income recognition.

Nature of income

Income from enchange transactions is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income from non exchange transactions is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.

Income recognition

Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity's assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.

Income subject to terms and conditions which must be met before the charity is entitled to the resources i not recognised until the conditions have been met.

All income is accounted for gross, before deducting any related fees or costs.

Page 9

The Redeemed Christian Church of God, City of His Grace Notes forming part of the financial statements for the year ended 31 December 2024

Policies relating to the production of the accounts.

Accounting for deferred income and income received in advance

Where terms and conditions relating to income have not been met or uncertainty exists as to whether the charity can meet any terms or conditions otherwise within its control, income is not recognised but is deferred as a liability until it is probable that the terms or conditions imposed can be met.

Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met.

When income from a grant or donation has not been recognised due to the conditions applying to the gift not being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of the grant or donation is probable once those conditions are met.

Where time related conditions are imposed or implied by a funder, then the income is apportioned to the time periods concerned, and where applicable, is accounted for as a liability and shown on the balance sheet as deferred income. When grants are received in advance of the expenditure on the activity funded by them, but there are no specific time related conditions, then the income is not deferred.

Any condition that allows for the recovery by the donor of any unexpended part of a grant does not prevent recognition of the income concerned, but a liability to any repayment is recognised when repayment becomes probable.

Income from legacies

Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to them, that where required, probate has been granted, the executor is satisfied that the property in question will not be required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, and the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to the legacy are either within the control of the charity or have been met.

Where a payment is received from an estate or is notified as receivable by the executors after the reporting date and before the accounts are authorised for issue but it is clear that the payment had been agreed by the executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting event and accrued as income in the accounting period if receipt is probable,

Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of the payment, details of the legacy are disclosed as a contingent asset until the criteria for income recognition are met. Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the death of the life tenant. If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to reduce the amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in the Statement of Financial Activities.

Gift Aid Donations from subsidiaries

FRS 102 requires gift aid payments from subsidiaries to be accounted for consistently with dividends. FRS 102 requires dividends to be recognised when the shareholder's right to receive payment is established. The parent charity's right to receive payment is established when the subsidiary has a legal obligation to distribute its profits to its owners at the reporting date. Therefore, the gift aid payment is not accrued in these individual accounts of the parent charity unless a legal obligation for the subsidiary to make the payment exists at the reporting date.

Page 10

The Redeemed Christian Church of God, City of His Grace Notes forming part of the financial statements for the year ended 31 December 2024

Policies relating to the production of the accounts.

Donated goods, facilities and scrsices

Donated fixed assets are recognised at the current fair value. All such donations are recognised as donation income, and debited to fixed assets.

Donated goods that are not fixed assets are accounted for at a fair value, unless it is impractical to reliably measure the value of the donated items. In the absence of any direct evidence of fair value of donated goods, then a value is derived from the cost of the item to the donor or, in the case of goods that are expected to be sold, the estimated resale value after deducting any anticipated costs of sales.

If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outweigh the benefits, the donated goods are recognised as income when sold, with an equivalent amount being recognised as an expense. The costs of goods donated for distribution to beneficiaries is deemed to be the fair value of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then the carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustment shown as a cost of donations made.

The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. All donated goods are recognised as donation income, and debited to trading stock. When trading stock is subsequently sold, or appropriated to meet an expense, then the carrying value of the stock is recognised as an expense. In accordance with the SORP, goods donated for distribution to beneficiaries, or for consumption by the charity are included in 'legacies and donations'. Goods donated for resale are included in 'Income from other trading activities '

The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt. If the goods held are to be distributed freely or for a nominal consideration, then the carrying amount is subsequently adjusted to reflect the lower of deemed cost adjusted for any loss of service potential and replacement cost. Replacement cost is the economic cost incurred if the charity was to replace the service potential of the donated goods at its own expense in the most economic manner.

Donated services and facilities (including seconded staff and use of property) are included in the accounts on the basis of the value of the gift to the charity.

All donated services and facilities are recognised as donation income when received, (provided the value of the gift can be measured reliably) and recognised as an expense with an equivalent value,

Membership subscriptions

The income and any associated Gift Aid or other tax refund from a membership subscription received by the charity in the nature of a gift, is accounted for on the same basis as a donation. The income from a membership subscription received by the charity where the subscription purchases the

Policies relating to expenditure on goods and seroices provided to the charity.

Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note 4

Page 11

The Redeemed Christian Church of God, City of His Grace Notes forming part of the financial statements for the year ended 31 December 2024

Policies relating to assets, liabilities and provisions and other matters. Tangible fixed assets

Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.

Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.

Musical equipment 20% straight line Computer projector 20% straight line Motor vehicle 20% straight line

A regular annual review of the likelihood of asset impairment is undertaken.

Debtors

Debtors are measured at their recoverable amounts at the balance sheet date.

Creditors and provisions

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Fund Accounting

Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the church and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

There are no endowment funds.

2 Liability to taxation

Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose.

Value Added Tax is not recoverable by the charity and is therefore included in the relevant costs in the Statement of financial activities.

Page 12

The Redeemed Christian Church of God, City of His Grace Notes forming part of the financial statements for the year ended 31 December 2024

3 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

4 The contribution of volunteers

The charity depends on the support of its volunteers, which is much appreciated. The church is grateful for the unflinching efforts of its volunteers who are involved in service provision, office work and administration. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of financial activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements. The church has over 45 volunteers committed to working in the vaious departments of the church.

5. Net surplus before tax in the financial year

The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets		 2024
2023
£
£
10,766
8,320

6. Remuneration and payments to trustees and persons connected with them

No trustees or persons connected with them received any remuneration from the charity, or any related

Page 13

7. Voluntary Income: Donations
2024
£
Tithes
93,661
Offerings
21,050
Thanksgiving
4,469
119,180
8. Other income
2024
Gift aid
23,929
Other income
7,052
30,980
9.Cost of generating voluntary income
2024
Administration
Note 9.1
30,812
Support costs
Note 9.2
11,456
Premises
Note 9.3
21,295
63,563
9.1. Administration
2024
Stationery and printing
353
Utilities
4,875
Insurance expenses
804
Telephone and internet charges
1,815
Ministry expenses
13,733
Bank charges
-
Premises, repairs, renewal and maintena
9,232
30,812		 2023
£
100,119
21,155
3,888
125,162
2023
19,507
12,186
31,692
2023
23,035
8,320
17,744
49,099
2023
841
1,269
682
2,464
11,047
330
6,403
23,035

9.2. Support services

Depreciation
Sundry expenses
9.3. Premises
Mortgage interest
Rent and rates		 2024
10,766
690
11,456
2024
15,801
5,494
21,295		 2023
8,320
-
8,320
2023
15,349
2,395
17,744

Page 14

10.CHARITABLE ACTIVITIES- (Direct charitable expenditure Unrestricted)

This comprises all expenditure directly related to the objects of the charity. It also includes the expenditure in support of that activity where material.

Charitable donations
Media, website etc
Travel expenses
Subscription
World Evangelism Mission
Books and resources
Community Projects
Staff costs
Event, seminar and conferences
Staff training
Welfare, grant and social action
11. GOVERNANCE COSTS
Legal & professional fees		 2024
3,272
623
5,618
1,816
5,050
540
12,828
33,800
2,834
6,901
73,282
2024
550
550		 2023
5,670
-
2,909
1,686
5,600
660
16,887
34,700
3,212
13,046
84,369
2023
500
500

12. Tangible fixed assets

COST
At 1 January 2024
Add: Additions
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
At 31 December 2024
Net book value
At 31 December 2024
At 31 December 2023
13. Debtors
Charitable loans		 Building
£
297,806
-		 Church
Equipment
Total
£
£
49,200
347,006
5,231
5,231
54,431
352,237
-
45,698
81,434
4,810
10,766
50,508
92,200
-
-
3,923
260,037
3,502
265,572
2024
2023
£
£
11,470
10,970
11,470
10,970		 Church
Equipment
Total
£
£
49,200
347,006
5,231
5,231
54,431
352,237
-
45,698
81,434
4,810
10,766
50,508
92,200
-
-
3,923
260,037
3,502
265,572
2024
2023
£
£
11,470
10,970
11,470
10,970
297,806 54,431
352,237
35,736
5,956		 -
45,698
81,434
4,810
10,766
41,692 50,508
92,200
256,114 -
-
3,923
260,037
262,070 3,502
265,572
2024
£
11,470
11,470
10,970

Charitable loans were granted to individual members for charitable purposes.

Page 15

14.Creditors: Amount falling due within one year

2024
£
Mortgage on building
18,000
Other creditors
500
18,500
15.Creditors: Amount falling due after more than one year
2024
£
Mortgage on building
145,197
145,197
16. NET MOVEMENT IN FUNDS FOR THE YEAR
2024
The net movement in funds for the period is stated
£
after charging:
Depreciation of tangible fixed assets
10,766
10,766		 2023
£
18,000
500
18,500
2023
£
150,996
150,996
2023
£
8,320
8,320

15.Creditors: Amount falling due after more than one year

16. NET MOVEMENT IN FUNDS FOR THE YEAR

17. Trustees remuneration and related expenses.

No member of the Board of Trustees received any remuneration during the year.

18. Funds
At 01 January 2024
Adjustment
Surplus/(Deficit) for the year
At 31 December 2024		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2024
2023
£
£
£
£
153,561
-
153,561
130,676
-
12,765
-
12,765
22,886
166,327
-
166,327
153,561

19. UNRESTRICTED FUNDS

These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.

19.1 RESTRICTED FUNDS

Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.

Page 16