Registered number 1132752 The Redeemed Christian Church of God (RCCG) House of Elyon Financial Statement & Accounts for 30 kpteMI￿T 2022 REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF ELYON YEAR ENDED 30 SEPTEMBER 2022 REPORT AND FINANCIAL STATEMENTS CONTENTS BOARD MEMBERS. OFFICERS, ADVISERS AND BANKERS REPORT OF THE BOARD AND STATEMENT OF BOARD'S RESPONSIBILITIES INDEPENDENT EXAMINER'S REPORT BALANCE SHEET STATEMENT OF FINANCIAL ACTIVITES CASH FLOW STATEMENT NOTES TO THE FINANCIAL STATEMENT REDEEMED CHRISTIAN CHURCH OF GOD- HOUSE OF ELYON YEAR ENDED 30 SEFfEMBER 2022 BOARD MEMBERS. OFFICERS. ADVISERS AND BANKERS General Overseer Pastor Enoch Adeiare AdeEK)ye Board of Trnstees The Trustees who served duEing the year were as follows: Pastor David o￿OtaY0 Ayen Brother Olawale Hezekiah Fayehun Deaconness Funmilola Adunola 0￿> Sister Adefunke Oluwaburuni Ayeni Pastor In Charge Pastor Wi (lo Principal Address 43 Crossbr(x)k Road Blackheath, London SE3 8LW Bankers HSBC Bank PIC tewisham, London SE13 Statutory Registration Registered with Charity Commission Charity NUrn￿ 1132752 petiod. conthoEinDpffation Trust yo Ayeni Pastor (Mrs) Adunola Qo Independent E￿ni￿9 Reprt to the Trustees of REDEEMED lJtRISTL4N CHURCH OF GOD. HOUSE OF ELYON l re￿rt on the ￿CoUnts of the Redeemed Christian Churth ofGxl. House of Ely0￿ for the y ended ￿ &ptemkw 2tr21 which ate set out on pages I tt) 7. The Ch￿ity'S tn￿tee5 are rw)nsible foT the preparation of the xcounts. The charitys trustees coAsider that an audit is not requxred for this year (under section43(2) of the Clwities Act 1993 {the IW3 Art)) and thatan Inde￿nd￿t2¥aM1TratLDTr TS neede It is my responsibility. to exan￿￿ the accouErtunder (SLrtion L3(3){a) of the 1933 Art); to follow the pr(Kedures laid down in the General Directi￿ givernby the Charity CommI￿nerS {undeT section 43(7)(b) of the IWJ Art); and to State whether parttcutsT matt￿5 have come fo my akntion Bas18 OE independent examitierfs report My eXa[n￿atiOn was carried out in accordar*E with theC￿ DIE￿￿10n5 giv￿ by the Charity Ci)Thioners. An exam1￿ti0Tr nKluts a review of the ￿)U￿titi8 records kept by the charity arEd a comparison of the accounts Pr￿l￿d wÈth thc6e record& ItaIso includ￿ consideration of any unusu8J it￿ll￿ or di￿(￿￿reS in the accounts. and seekingexplanatiorLs from you as trusiees concerning any such nkntteTS. The pri￿dureS undertakendo notprovide all the evÈdence that would be required in an audi¢ and conseWa￿Y J donotexpre&s an auditopinion on the view given by the aCCoL￿ts. Independent examinerfs statement In connection with my examin8tioT4 no matier has come to my attentiorL {1) whith gives me reasonable cause to ErIieve that in any matsrial resF*rt the rtyulr￿ts to keep accounling records in &Cordan￿ wlth section 41 of Ihe19J3 A¢ and to prepare accounts which accord with the accountiTrg records and comply with the accounting reqUIren￿Trts of the Act have noti￿1 or (2) to which. in my opinion, attention should drdwn in order to enable a Pro￿ undersknding ael CharteTedAc￿e A&sets Inve5ttnents Total Fixed A%sets io Accounts R￿e[vable Prepayments Investsnents Cash at bank and in hand Total Current Assets li 12 69535 13 747&3 66.iL3 Curyent Liabilities 14 2211 2015 Total ossets less curmlt liabi]itieB 63359 Creditors falling due after one yeaT 63J59 Income Funds Unrestricted Funds Restricted FTmds Deskgnated FU￿￿8 61741 53518 £695 5.146 5.146 Total Funds 63359 v@yO Ayeni Pastor (Mrs) FtsmDiloth Adunola C*) REDEEMED CHIUSTIAN CHURCH OF GOD HOUSE OF ELYON- Registered ch￿lty Number 1132752 STATEMENf OF FINANCIAL ACTivfTIES FOR YEAR ENDED SEFfEMBER 2￿ Unrestricted Restricted Total Funds Funds Funds Total Funds INCOMING RESOURCES Incorne from activities in furtherance of Charitable obj￿￿ Income from activities for generating funds Investment Income Other Intoming Resource Total Incoming Resources 20045 15J63 lJ76 lJ76 4h13 26ffi4 4,613 26*34 3516 19267 RESOURCES EXPENDED Cost of Generating funds Charitable Expendilmre: Grants and Donation Costs of aCti￿ties for charitable objectives Support Costs Management and administration Total Resourc& Expended 5529 5529 £5(K) 1155 2,155 6.116 3240 sn 17fi11 6,116 3,240 571 17fi11 4573 813 11519 Net Incoming Resources 9223 9223 7.748 Total Funds brought forward 53518 9NI &3259 55hlO 61741 9NI 72582 63.358 REDEEMED CHRISTIAN CHLfRCH OF GOD HOUSE OF ELYON- Registered Charity Number 1132752 CASH FLOW STATEMErir FOR YEAR ENDED 30 SEPTEMBER 2022 Net Cash infiow/(outdow) from operations Returns on investments and servicing of finance Capital expenditure and finthial investtnent 15 Ilncrease) / Decrease rnoney at short Th)tice Financing Increase /(Decrease) in Cash -126 7529 14615 17.730 Reconciliation of net ineoming/{outgoingl resources to net cash infiow/(oufflow) from operatins acttvities Net Enco￿]ng1(0utgo1ng} resources Dep￿lation charge {Surplus) on sale of tangible fixed assets Interest element of finance lease Decrea5e/(tnc￿ése1 Kn Stocks Decrease/(Increase) in Debtors IDecreasel/Increase in Creditors Net Cash infiow/{oufflow) from OFeratitins 9223 9.748 -lJ12 ReconciIiation of net cash flow to movement in net liquid resources Increase/{Decrease) in tash in the Ewiod Cash outfiow from finance lease Cash outflow from loan Increase/{Decrease) in morw atshort notice Net liquid funds at i OctolEr Net liquid fund5 at30 ￿ptem￿er 628T2 70.179 62B72 REDEEMED CHRISTIAN CHURCH OF GOD- HOUSE OF ELYON YEAR ENDED 30 SEFfEMBER 2022 l. Accounting Poli(y The principal accounting policies. all of which have I￿Tr applied consisientty throughout the year, are set out klow: lal Scope and basis of the finanaal statements The financial statements have teen p￿Pared under the histori￿ cost convention are in acordance with applicable accounting standards and the revised Statement of Recomllwlded Practice, "Accotsnting and Reporting by Clwities" i&sued in (ktolEr 2(MN) Ib) Incoming Resources All income i5 accounted for when the Church has entidement to the funds, the amount can quantified and there is certainty of receipL Q Resouree5 expended All expenditure is accounted for on accrual basis Management and adMin￿tratIon costs include management of the church's assets. {d) Tangible fixed assets and depreciation Tangible fixed a&sets are stated at C05t and {lepT￿lated on a stratght line basis over their usthl economic jives as follow5: Motor Vehicle- 2 yeats Eq￿prnent- 3 years Musical Equipment. Furnitures a￿] Fittings- 4 yea tEasehold Improvement- 5 years REDEEMED CHRISTIAN CHURCH OF GOD- HOUSE OF ELYON YEAR ENDED 30 SEFfEMBER 2022 NOTES TO THE ACCOUNT 2 I￿orne from ACti￿tieS in furtheranee of ChaTitable Objects Tithes Offe 16,748 2,447 12.442 615 20N5 15 3 Income from Activities for Generating Funds Pledges Donatton Fundraising n5 16 lJ76 4 Other Incomxng Resources IR ChaTities Interest 35(Kl 4.613 5 Cost of Generating Funds RCCG- NatÉonai RCCG- UK Central Offi RCCG- Province RCCG- Zone RCCG- Area African Mission England Festical of Life 3ffl9 1950 240 270 240 240 5529 6 Grants and Donations Welfare LEgat Assistance Volunteers EXF￿r￿e5 Donatio 1,155 813 5S) 1155 REDEEMED CHRISTIAN CHURCH OF GOD- HOUSE OF ELYON YEAR ENDED X) SEFfEMBER 2022 NOTES TO THE AccouNr 7 C05t of Acti￿￿￿$ for Charitable Objeclive Ministers Conference Ex￿￿￿eS TranspoTtration costs Community oUt￿Ch Outreach Expenses Mi55Éon Expenses Solemn Assembly Pastors Confere 3.951 243 6.116 4573 8 Support Cost Rent Gas & Electricity 3,120 Books and JournaIs Software Annual fee 120 3.240 9 Management and Administration Depreciation Cost Office Expense5 Entertainment Training Costs ProfesstonaI & Legal Accountancy Bank Charges PubIicity & AdVerbsern￿t Printing & Stationery 165 571 823 REDEEMEDCHRISTIANCHURCH OF GOD.HOUSEOF FLYON YEARENDEDklSEPTEMBER ))22 ID Tknyb]eA%eb AtI/IOIJ)21 Additio IAII 5.146 At 301(ffJ/WZ2 $146 At ilio12m 5.116 5J16 NetBoo14 Value At301(YJ12tr1 io io At301(fJi2D21 io io io li Debknrs 13 Bank& Cos 695%5 BU Ca5hat Hand Tr.179 14 G.NatioJJaJ RCCG. 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