Redeemed Christian Church of God- Kings Chapel Welling Report and Accounts 31 December 2022 The Charity Registration Number is . 1136122 Redeemed Christian Church of God- Kings Chapel Welling Report and aeeounts for tho y•ar •nd8d 31 ￿¢ember 2022 Contsnts Charrty infonnatlon Trustees. annual r•port ststtrment of dlre¢tors' rnsptsn¥ibilitl8¥ Aeeountsnts. report Funds statemwrfs.". ststement offinanaal ath"wts"es Movernents in funds Incorne and e￿n¢Y[b￿re aC￿unt Balance sheet 10 Note8 to the •¢¢ounts 12 Redeemed Christian Church of God- Kings Chapel Wèlling Trustees. annual report for the year ended 31 December 2022 The trusteès present thelr rewrt and acc￿nts forthe yeaf endèd 31 Decembèr2022. R•f•ronce and administrative details The charlty name. The legal name of the charity i8.'_ Redeemed Chrkslian Chut¢h of God- Kings Chapd Wejling. Thg (*arity is al¥0 known by its operating name, RCCG King's Chapel. The charitys aftas operatlon and UKcharftabl• registrJlion. The charity is registe￿ in England & Wales the Charity Comrri￿ in England & Wajtss ICCEW) wth charity number 1136122. The charity does not Operate in any ￿r$easIur￿d1Ctiorts. Legalstructur• of the charfty The charty is constrtuted as an unin¢orporat&J charity. e¥tablished by trust Deed. The govtrming doc#Jment of the charTty is the trust Deed establishthg the thaiity. The goveming docu￿nI is dated 31 December 2t)39 There are no restrictions in the goveming dooJmÈnts on the operatvJn of the Chatity or on ft8 investment powws other than tIKJse impThed ty Charity Law. Th• Tn*t￿ in offi¢e on th• dai• Il* r•portwas approved We￿.. The trustees a￿ all indNiduaL%. Mr Ta￿ Okulaja (Chairman) Mr Emmanuel A Oduntan MrAdewaJe O Ido%w Mrs Mojisola T Arnusan Mr5 Victoria O Dada The principal OPe￿￿n9 addrns¥. telephone nurnhr, emall and web address•s of the charlty ar#:. Unrt 10 Old Tram Yard L8kedale Road London SE18 IPW Telephone 02034892313 Email Address.. rccokingschaperj@gmal.com Web addresswww.rccgknngschapel.c)Jm Tb•lollowng pernoff& s•N•d as tru8tee8 during th• yo•rended 31 0gc•mbor 2022:. The trust•¢s who served as a trustee in the reports.ng period *Ere as Sho￿ above, and there ￿re no changes during the year. or in the pernd behveen the year end and Ihe approval ofthe accounts. Redeem8d Christian Church of God- Klng8 Chapgl Welling Trustees, annual roport for the year ended 31 December 2022 Objects and activities of the charity Thepury)osos of thè c￿trity as s•t outin its governing do¢umenL The objects of the tharity are: 1. The atfvaneèment ofthe Chri8ban relva￿ worf(trKk: and 2. The relief of povety. 11 pursues these objects bythe oFeratton of a Christian worship cerrtre at a faalrty JNxed at 241 242 Plurrtstead High Street. Lond￿, SE181JL It alw organises SFeoal tsaining and ThntrKing 7LtNities fw the ur￿p10Y￿l, people pL3nning to start their own tr¥Jsinesses and mn a ger*ral informatKJn ￿ntre for ts pU￿1c. The m•iTn activities undtrtaken in reladon to U￿sePu￿$es during ttRyear. Signrfbcant 8divitEs that contritrArted to the ath￿￿ent ofthese obiectsves We￿.. 1. Evènts Organ￿ed during the year tts promote the Christian faith indude di5tribubon of leafiets with Christian messagès, Organ￿n9 delrverance services. all night vigils, sp￿￿81 prayers and cgjunselling. 2. other actNrties to hdp raise the profile of the charity in c4￿mUnty indL*Jed pl(￿*$. Mothers. day and Fathers, day CekbratKl￿. 3. Speofic adNities for relief of p)vety are in the areas of training and mentoring of the unemployed to start their busir*sses and paS￿r￿j job informatti)n to Job seek8rs. Th• eontiibution of voluntews durlng thg year. The church is gratelul for the (XKnmitment and effms of rts volLmt8ers wty) a￿ Invo￿￿￿ in strrviGes kyovision. Thé thurckn has volurtteers commrtted lo working in variou5 departments wrtFun the church. The thurch continues io dispense Ihe seN¢* of heads of departments and ￿￿niSterS to Ihat the best valuè i8 deriv&J from the sterfing efforts of tr* vdtmtetrs. Grantmaklng policies and how these contsJTbui•d to Iho achl•vementof the eharitys oims and obj•ctives durlng th•year. Grants are made to other charitab￿ t¥)dies. The sw)KM)rts missionary organisations such as the Festival of Lrfe and the Worfd Evangelism Mission. and other mi55ions and projects within arxl outside the U The church also provides supFort to memters of the tsjrgregati￿ lat Ihe ¢thThtion ofthe trustees) vtho are in need. The main achievemerts and perforniane8 of the tharFty during the y•ar. The trustees we pjeased to report that the chLty¢h a)ntinued to bg Successful 5Pintualty by ministering lo many peO￿e in wayer aThJ We￿are. The churth h•8 improved in membership strength and is increasingty wthirvJ out to wrnmunity. Redeemgd Chrlstian Chur¢h of God- Kings Chapel Welling Trustees, annual report for the year ended 31 December 2022 Structure. govemance and management of the charity Thè n7ethod5 used to recwitand appolntnew charity trustees. New trustees are e￿cted on the basis ofthe contribubon that tty w511 make to the govemarKe of the organisation and the skills that they wll contnt)ute. They are wovided with CO￿.•$ trf thè Charity commission's guKlance to trustees gNen an introduction to the activrbes of the tharity by the existing boaid. Thepolicies andPl￿ed￿￿s ftirthe Induction and fraining of1￿$t Existing trustees are provided th tsainry * aTrJ when reqwred. The ¢h8ritys organisational slructu The board 0ftruSt￿ i8 headed by a Chaimwi, the Se• to thtr trust and a Fina￿¥81 administrator. AJI the present ernpioyees of the charity are voluntary workers. The trustees are reSp￿￿1ble for making all dec4￿On6 rewding alknLzb"on offund and The charitys relatlonships wlth related parties. Redeemed Christian Church of God, Chaw Wdling is a parish ofThe Redeemed Christsan Church of God- a nets￿rk comprising part5h&s all over the wodd. There is an agreement for ¢omrnon pwpose5 enter•J into by the chur¢h with The Redeer[￿d Christian Churth of God which documents this ￿￿tiOnShip. Bankers: Natwest Bank P Gr8vesend Branch Bardays Bank PIC Dartfor(l Branth CrcAThiSÈ Con5utt Ltd 1A T{￿n Squae Eiith Kent DA8 1RE Accountant Financial review The Chari￿s financialposlbon at th• end of th• ywended 31 December 2022 The finanaal p0S￿On ofthe chanty al 31 Decernber 2022 and comparatives for the peric*J, as more fijlly deta.led in the a(ULuts. can be summansed as fc4bws:_ 2022 2021 Net income 36.7L 24.794 Unrestriclad rèvènuè fvnd$ available for thè 98ner81 purposes of the charrty 218,C62 181,356 Totsl funds 218.Cfj2 181,356 Rèdeemed Christian Church of God- Klngs Chapel Welling Tru$to•s' annual report for the year ended 31 December 2022 FinancIal￿VieW of theposillon at reportlng date, 31 Dgcember2022. During the year. income of £79,5211£79,016 in 20211 mainty receNed 8s voluntary donations. The net rnovemenl in fvnds forthe period, as shown in the statement of￿an￿al activities, for the pèriod was a surplus tsf£36,7C6 1£24.794 in 21r211.The v&ue ol the Redeemed Christian Church of God, lthng's Chapel Welltng's net assets as at 31 Decemter 2022 15 £218,C62 (£781,356) in 2021. Pollcies on reserves. RestriGted fvnds are to be u$ed for sFecffic purposès as speofied within the objects of the charity. Pen￿rtU￿ which meets these criteria. will te Njenljfjed to the fvnd, together with a fair allocation of management and support wsts. Unrestricted funds.. Unrestwed fijnds arè d￿tiC￿S and other Ir￿n￿ rec*ived sy generated for the objects ofthe charrty wrthotrt futhr speafi¢(J purFose arKJ are availakje general funds. Avallability and ad•qu•cyof assets of ￿ch of the funds board of trustees ¢s &2tisfied that the charrtvs ￿Gets are aYa￿able and èdequate to knffil its obligab'ons in resp@a of eath ￿K¥J. Oetslls of The Indep¢ndent examlner Mr Adeniyi Za￿e￿5 Chartered Certffied Attountant 1A Town Squarè Ertth London DA8 1RE Statement of trust￿. responsibilities The charitys trustees are re8ponsiblt for weparation ofthe accounts in act0rdan￿ with the terms of the ChatTrties Act 2011 and Ihe Charibes IALrwnts and Reports) RegulatK)ns 2(X)8. Nthithstanding the explicit requirement in the extant slabjtory regulab"ons,fft* Chartbes {AcuJunts and Reports) Regulab"ons 2(KJ8, to Prepa￿ the finarKial statements in acCOrdar￿ wth the SORP 2005, in vtew of the fad that the SORP 2(X)5 has L￿n withdrawn. the Trustee8 detemiined to interptet this responsibilty a5 reqijiring them to fotbyw tsJ￿ent best practice and prepare the accounts ac￿rdIng to the FRS 102 SORP IStatenErt of Recommended Practice forAccounting and ReF4Jrting by Charityesl 2015. las amended by ttle Bts1￿"n issueLI in O¢Xob8r 2018 and appIl￿b￿ to all w)unling peric¥Js Iwinning on ￿ 3fter 1st January 20191. SORP}. . In partigjlar, charity law wuires Ihe Injstees, ￿epa￿ acojunts on an basis, to prepare financ3al st*ments for eath financial year give a t￿e and fair ￿eW of the state of affairs ofthe charity as at the end of thè financial year and ofthe surplus or defiol of the charity. In preparing those finanu81 ststements the truslees are requi￿ to :_ . to prepare the a¢xounts in accordan￿ wilh United lfjngd￿￿ Gèrwalty Accopted Accounting Practice (United Jfjngdom Accounting Standards and apkltsble lawl. - sele¢# suitable accounting FKJliaes an¢J apptythem COr￿lStentIy.' - makejudgernents and ests"[T￿leS that are wson*de and pnJdenL - yepaie the finanaal Staten￿nts on the wng basts unless it is inapkwriate to presume that the charity will in L4Jsines¥,' Redeemed Christlan Church of God- Klngs Chapel W•lling Trusto08' annual report for the year ended 31 December 2022 - state wlther aFvltsble ￿to￿nts"t¥J Slandards and statements of recornmended pfaclic8 have been folkrwed, subpct lo any material departures thsdosed and e¥F4ained in the financia stat￿ents. The law requi￿ that th8 trustees must not appyove the accounts unless tr*y are satisfied that they gwe a true and fair wew of th8 stsle of affairs of the charrty 8fKI of the surplus or deficit of the ¢hanty for the year. The trust￿ are also resp￿￿1￿￿ for mairrtaining adequate acctJunb"r¥J reo)rds which disdose wrth reasonable accuracy at any time the financial posrti.on ofthe charity and which ale suffiaent 10 Show and explain the charitys transadions and ènable them to ensure that the fin8ncAal ststements comply wrth Wulat￿nS made undpr the Chariliès Act 2011. They are also resw)n5ible for safeguarding the 888ets of the charity and he￿￿ for taking r¢a8onalAe steps for prevention and detection of fraud othw Irreg(Uar￿"e$. The trustees are also res￿n￿ble for the uxrtents ofthe trustees. report, atyl the statutory reEponsibilty ofthe in(*rendent examiner in relatson to the trustees, rwrt is limited to éxamining the report and ensuring that on the face of the rwrt there ¥8 no Mat￿al irthrtsislgncies with the figures disdosed in the finanaal st*ements. Ths ￿k￿rt was approved by ts iK)ard oftntstees fm 31 March 2023. Taiwo 01￿laJa Chaimian board of trustees Redeern￿ Christian Church of God- Kings Chapel Welllng Report of the indo￿ndOnt &Yamin¢r to the trustee3 ofth¢ Charity on the accounts for the year ended 31 DeGemb•r 2022 I rèport lo thè trustees on my examinatitin of the financ4al statements of the ¢)larity on pages 9 to 12 for the year ended 31 December 2022 which have been prepared in ar>>)rdance with the Charities Act 2011 (the Act) and with the Finanaal Reporting Standard 102, (effective 1st January 20181 adapt8d lo meet the needs of unincorKK)rated organith"ons. as mcxJtfiÈd by FRS 102 SORP Istatement of Reoammenijed Practice for Accounting antj Reporting by Charities) 2015, las omended by the bulletin. issued in O¢tober 2018 and appli¢xble to all S(￿U0￿.ng pen.ods beginning on or after 1st January 20191. (rhe SORPI. published by the Charty Commrssion in England & Wales ICCEW) and under the historic￿ Cost o)nvenkn"on and the aC￿U￿￿.ng wlicies sel OLrt on pages 12 10 13. ftespecti￿ responsibilibes of thè Irustees and Ihe independent examiner and the basis of the rnport As descx5bed on page 6. you. the thari￿s tnjstees. are responsible for the p￿Pai3t1¢m of the finanual statements in arLordance with the Chartt￿$ Act 2011 and 811 other applieable law and with United Kingdom Generally Accepted Aco)unting Prath￿. applicable to smaller enbbes, and for be¢ng satisfied that the finanaal ststernents give a true and fair ￿$W. The trustees consider that the audit rLNuirement of S&*on 144111 of the Charrbes Act 2011 (the Act) does not apply. and that there is no requirement tn the goveming document for the ￿ndUcting of an audit. As a consequen￿. the trust￿ have elec*ed that thè financial statèments be subject to independent examination. Hamng sats"sfied myself that the finanual st*ements are not reqUI￿d lo be audited under any legal prowsion, or othèmse. and are eligible for independénl examination, rt is my responsibility to.'- al examine the financial ststements of thè chairty Seclion 145 of Ihe Act.. bl follow the applicable PfDcedures in ts Direi*ons gNen by the Charity C￿MiSsion under saction 14515llb) of the A￿. Basis of ind•penthntexamin8rf8 statemènt and scope of work undertakeft I report in ￿pect of my examinalion of the ch8riVs financaal statements carri8(l out under s145 of the Act. In carrying Out rny exarnination. I have followed all the applicable directions given by the Charity Commission under section 14515)Ib) of the Act seiting out the duties of an independ6nt 8xamineT in relation to the conducting of an independent examination. An irHJependent examination indudes a rev7ew of the aux)unting records kept by the charrty and of the a(x£)unb"ng systems ernployed by the charity and a compariwn of the ffnano31 stslemenis presented wth those records. It also indudes consideration of any unusual rtems or disdosures in the financial stslements. and seekn.ng explanations from you. as trustees, conceming suth maitets. The purpose of the ex8minats.on is t¢ establish as far as possible that thwe have been no breathes of chanty18gislation and that, on a test basis of ewdence rel¢vant to the amounts and disclosures [￿￿de. the finanoal statements o)mpty wrth the SORP. The procedures undértaken do not p￿￿de all the ewdenee that woukj be rèquired in an audf(. and informats'on supplied by the Truslees in the c4Jurse of the e￿MInation is not subjected lo audit tests or enquiries and does not cover all the matters that an audttor would considgr in arriving at an tspinion. The planning and Ixjnduol of an audit goes teyond thg limrte*J assurance that an iTrJependent exarninaiion can provide Consequ9n¥y, I do not express an audrt opinion LN) the view gNen by the finanaal stslernents, and in particular. l axpress no opinion as to whether the finanoal statemerrts givè a true and fair wew of the affairs of the charity, and my report is limited to ￿ matters set out in the statement below. I planned and performed my examinalion 50 as to satisfy Myse￿ that the objethes of the independent examinats.on arg achieved and before finalisiThJ the repxjrt l obtwned written assurancès frorn the trustees of all m*Èrial matters. Redéemed Christian Church of God- Kings Chapel Wolling Indep¢ndent examinerfs 51atemenL ￿port and oplnlon Subject to the lirTritations upon the s(x)pe of my w(*k as detsiléd abo￿. I have c¢Jmpleted my examinatton.. and can confimi that"._ This is a rèport in respe¢t of an èxarnination carlied out under 145 of the Ad and in accordan¢e with Directions given by thg Charty Ccffimiwon under section 145{5)Ibl of the Act whith may be appli(xble' and that no material matters have come to my attention in connection with the examination giwng me ¢xuse to believe that in any material ￿spect=_ acctsunling records were not kept in ￿Spe(# of the tharity as requi￿ by ¥￿h Sec*"on 130 of The Charitiès Act 2011., the financial $taternents do not atxord with those ra￿rds. or the financial ststernenls do not cxjmply wrth the applicable requiremerrts ts)nceming thè fomi and eontent of ac8d in ywr was 4S81 1,682 7 Defined contribution pension schemes The charity operates a defir*d ¢J)ntribuknon pensKJn thme. the costs ofwhith are shown above. Any liabilites and assets assouated with the scheme ￿e sl%Mn urhjer debtors and cr¥drtors. B Remuneratlon and paymwts to Trustees and ptsons connected wlth them No trustèes or pBrn￿S o)nnect&J wth them any reMU￿ra￿.0n from the thaiity, or any rejatéd entty. 14 Redeemed Christian Church of God- Kings Chapel Welling Notes to tho accounts for the year ended 31 Decembor 2022 9 Tanglble fixed assets Propetty limprovem entsl Fumiknre Current Yoar Motor vthicles equipment Total Cost At 1 January 2022 28.015 114,625 222,275 At 31 DeCem￿r 2022 79.635 28.015 114.625 D•pr8ciation At 1 January 2022 Charge for the year 11,881 28.012 109,846 2,730 149.739 4.327 At 31 D8cember 2022 13,475 28.015 112.576 154,066 Net book value At 31 December 2022 66,160 2.049 68,209 At 31 D￿rnber 2021 67.754 4,779 72,536 10 D8btor¥ 2022 2021 Other debtcrfs 3),W 35.964 11 Creditr*r¥: amounts falling due wlthin one year 2022 2021 A¢¢ruals 750 750 12 Credltor5: amounts falllng due aftw onè year 2022 2021 Financtr1•8se and HP contr8cfs 16,574 16.574 13 Income and expendtbJr• aecountsummary 2022 2021 At 1 Januwy 2022 Prior ￿8[ adjustm¢nts At 1 January 20 Surplus aftertax forthe p•r 181, 158,562 (10,0001 146.562 34.794 181,356 38.7C At 31 D￿ernber 2022 218.062 181,356 15 Redeemed Christian Church of God- Kings Chapel Welling Notes to the accounts lor the year end8d 31 0￿•mber 2022 14 Paruculars of how particular funds ar• r•prpsented by ass•ts and liabilities At 31 D￿eMber 2022 Unrestricted Designat￿ Rèstri¢ted funds fun¢Js nds Total fttnds Tangible frx8d a&sets Current assets Currant liabilities Long term liabilit*s 68,209 167.177 ft50) (16.5741 68.209 167,1T7 17501 116,5741 218.062 218.062 At 1 January 2022 Unrvstricted Designated Restricted fund$ funds fund$ Total funds Tangibje ftted assets Current assets Currtrnt liabilitie5 Long temi liabilities 72.536 126.144 17501 116,5741 126.144 (7501 116,574 181.356 181.356 15 Chartg¢ in total fund8 overthe yeara$ ¥hown tn Note 14. an•ly8ed by individual funds Funds brought Movement fotward in funds in from 2021 2022 Funds Post carried balance forward to 2023 events See Nots 16 S•• Nots 14 Unr•strlct•dand d•slgnat8d fvnds... unrestn.cted revenue fimds 181.356 218,062 Totsl unreEth¢t￿ artd d•slgnated funds IB1.356 36.706 218,062 Total charity funds 181,356 36,706 218.062 16 Analysis of movem8nts In funds oNprthe year as shown in Nots 15 Other Income ExperKliture Gains & Movement In funds 2022 2022 2022 2022 Unrestrithd and deslgn•t8d funds.". Unrestricted revenue ftjnds 79.521 {42.8151 36.706 16 Redeemed Christian Church of God- Kings Chapel Welllng Detailed analysis of income and eXpendi￿rE for the year ended 31 Dewnber 2022 a5 requlr•d by the SORP 2015 This analysis is classslr￿dbYe0nve￿tional￿ornIna1 d￿enpl￿on8 andnotbyactivity. 17 Donations. grants and Je9acies Current year Current year Current year Prior year Unrestricted Restrictsd Total Totsl fund5 fund$ fund$ funds 2022 2022 2022 2021 Donations and gifts from individuals Small donations indiwdually less than £1C(KI Refunds frorn HMRC on gfft aided donations Grants 79,521 79.521 79.016 Totsl donations and gift5 from individuals 79,521 79,521 79,016 18 Expendi￿re on charltsblè activilies - Dlrect swndlng Current year Current year Current year Prior year Unr85tricted Restrtthd Totsl Total funds funds funds funds 2022 2022 2022 2021 Currenty•ar Gloss wages and s￿aries- charitsble activities Define¢J contribub.on pension costs - charitsble a&wTlies Travel and subsistence- Charitable aetiwtres Honourarium Entertainment 4345 1,657 216 216 25 1.520 1.520 2C() 1.742 200 1,742 463 Total direct spending 8.023 8.023 2.145 19 Exp•nditure on charitable athftl•¥- GTrnt fundlng of activltiOS Current year Currpnt year Current year Prlor Unrnstricted Restricted Total Totsl fund5 funds funds lunds CurTentyear 20 2022 2021 Grants made lo indTwduals Grants mado io organisations 1805 Totol 9rnrttMa￿nll ¢05 1155 3.155 17 Redoerned Christian Chureh of God- Kings Chapel Welllng Detailed analysis of income and expendlturp for the ye•r ended 31 Docèmber 2022 a$ requlred by the SORP 2015 Breakdown of Grants to organisatlon5 ¢¥n*ntyear CurrEnt y•ar Cwr•rrtyear Toial fundi Currentyear fuhd• fvnd5 2022 22 2022 Festwal of lrfe Central offi WEM 150 150 805 20 Support costs f¢T charitable activiti8s Currenty•ar Curvent year Current year Prior year Unrestri¢ted Rostricted Totsl Totsl funds nds funds funds 2022 2022 2022 Currenty•ar 2021 Volunteer ¢0sts Volunteèrs, expenses Travel and subsisten¢e- volunteers Premlses expenses Rent Light heat and ptrwer Premises repairs. renewals aThJ maintenance Utilities 18,OC 4.353 18,000 4.353 19,250 752 23 923 4,569 579 S79 Telephone. fax and intemet Stationery and printing Subscriptions Equipment expenses Liabslty and cont8nts Jnsuranc• Sundry expense5 1.147 575 1,147 575 1.627 792 200 Professional fees paidto a(fvtsors oth•rthan the auditor or examin Other ￿al and professional 260 Financial costs Depreryation 4.327 4.327 11.327 Support costs before rnallocatoon 30.887 30,887 38.777 Total support ¢o$ts - Curront 30,887 30.887 38,777 The basis of allocation of (x)sts between a¢ll￿ti.e5 15 describe(l under accounb.ng policaes 18 Redeemed Christian Church of GtJd- Kings Chapel Welllng Detailèd anal￿1& of Income and expendityre forthe year endgd 31 D8￿Mber 2022 as r•quired by the SORP 2015 21 Other expendityre- Governance costs Currentyear R•Ktrf¢t•d fvnd Tolal fvnds Total funts l￿dI 2022 2022 202Z 202f Independent examinerfs fees 79) 750 750 750 750 750 AJI th• expeTrJrturn in Ihe prtr year was wr85trthJ. 22 Total ¢haritablo expendibjre Current year Curyent year Current year Prior year Unr¢strictod R•stricted Total Total fund5 funds fund¥ funds 2022 2022 2022 Curr8ntyear 2021 Total direct spending Total granlmaking costs Total support costs Total govemance costs 8.023 3.155 30,887 750 8,023 3,155 30,887 750 2.145 2.SSO 38,777 750 Total ¢haritable expenditurn 42.81S 42,815 44,222 19