2023-12-31-accounts

Redeemed Christian Church of God- Kings Chapel Welling

Report and Accounts

31 December 2023

The Charity Registration Number is :1136122

Redeemed Christian Church of God- Kings Chapel Welling

Report and accounts for the year ended 31 December 2023

Contents

	Page
Charity information		1
Trustees' annual report		1
Statement of directors' responsibilities		4
Accountants' report		6
Funds statements:-
Statement of financial activities		8
Movements in funds		9
Income and expenditure account		9
Balance sheet		10
Notes to the accounts		12

Redeemed Christian Church of God- Kings Chapel Welling

Trustees' annual report for the year ended 31 December 2023

The trustees present their report and accounts for the year ended 31 December 2023.

Reference and administrative details

The charity name.

The legal name of the charity is:- Redeemed Christian Church of God- Kings Chapel Welling.

The charity is also known by its operating name, RCCG King's Chapel.

The charity's areas operation and UK charitable registration.

The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1136122.

.

The charity does not operate in any overseas jurisdictions.

Legal structure of the charity

The charity is constituted as an unincorporated charity, established by trust Deed. The governing document of the charity is the trust Deed establishing the charity.

The governing document is dated 31 December 2009 There are no restrictions in the governing documents on the operation of the Charity or on its investment powers other than those imposed by Charity Law.

The Trustees in office on the date the report was approved were:-

The trustees are all individuals.

Akinola Soroye (Chairman) Samuel Adebayo Eesuola Abidemi Abimbola Sodimu

The principal operating address, telephone number, email and web addresses of the charity

are:-

Unit 10 Old Tram Yard Lakedale Road London SE18 1PW Telephone [phone]

Email Address: [e-mail] Web address:www.rccgkingschapel.com

1

Redeemed Christian Church of God- Kings Chapel Welling

Trustees' annual report for the year ended 31 December 2023

Objects and activities of the charity

The purposes of the charity as set out in its governing document.

The objects of the charity are:

1. The advancement of the Christian religion worldwide; and

2. The relief of poverty.

It pursues these objects by the operation of a Christian worship centre at a facility located at Unit 10, Old Tram Yard Lakedale Road, London. SE18 1PW

It also organises special training and mentoring activities for the unemployed, people planning to start their own businesses and run a general information centre for the public.

The main activities undertaken in relation to those purposes during the year.

Significant activities that contributed to the achievement of these objectives were:

1. Events organized during the year to promote the Christian faith include distribution of leaflets with Christian messages, organizing deliverance services, all night vigils, special prayers and counselling.

2. Other activities to help raise the profile of the charity in the local community included picnics, Mothers' day and Fathers' day celebrations.

3. Specific activities for relief of poverty are in the areas of training and mentoring of the unemployed to start their own businesses and passing job information to job seekers.

The contribution of volunteers during the year.

The church is grateful for the commitment and efforts of its volunteers who are involved in services provision. The church has volunteers committed to working in various departments within the church.

The church continues to dispense the service of heads of departments and ministers to ensure that the best value is derived from the sterling efforts of the volunteers.

Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year.

Grants are made to other charitable bodies. The church supports missionary organisations such as the Festival of Life and the World Evangelism Mission, and other missions and projects within and outside the UK.

The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.

The main achievements and performance of the charity during the year.

The trustees are pleased to report that the church continued to be successful spiritually by ministering to many people in prayer and welfare. The church has improved in membership strength and is increasingly reaching out to the community.

2

Redeemed Christian Church of God- Kings Chapel Welling

Trustees' annual report for the year ended 31 December 2023

Structure, governance and management of the charity

The methods used to recruit and appoint new charity trustees.

New trustees are elected on the basis of the contribution that they will make to the governance of the organisation and the skills that they will contribute. They are provided with copies of the Charity commission's guidance to trustees and given an introduction to the activities of the charity by the existing board.

The policies and procedures for the induction and training of trustees.

Existing trustees are provided with training as and when required.

The charity's organisational structure.

The board of trustees is headed by a Chairman, the Secretary to the trust and a Financial administrator.

All the present employees of the charity are voluntary workers. The trustees are responsible for making all decisions regarding allocation of fund and activities.

The charity's relationships with related parties.

Redeemed Christian Church of God, King's Chapel Welling is a parish of The Redeemed Christian Church of God - a network comprising parishes all over the world. There is an agreement for common purposes entered into by the church with The Redeemed Christian Church of God which documents this relationship.

Bankers:	NatWest Bank Plc
	Gravesend Branch
	Barclays Bank Plc
	Dartford Branch
Accountant	Crownwise Consult Ltd
	1A Town Squae
	Erith
	Kent
	DA8 1RE

Financial review

The charity's financial position at the end of the year ended 31 December 2023

The financial position of the charity at 31 December 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-

Total funds Net income Unrestricted revenue funds available for the general purposes of the charity	2023 £ 253 218,315 218,315	2022 £ 36,706
		218,062
		218,062

3

Redeemed Christian Church of God- Kings Chapel Welling

Trustees' annual report for the year ended 31 December 2023

Financial review of the position at the reporting date, 31 December 2023 .

During the year, income of £119,688 (£79,521 in 2022) mainly received as voluntary donations. The net movement in funds for the period, as shown in the statement of financial activities, for the period was a surplus of £66,413 (£36,706 in 2022). However an amount of £66,160 was written off home improvement because the charity has since moved from the property. The value of the Redeemed Christian Church of God, King's Chapel Welling's net assets as at 31 December 2023 is £218,315 (£218,062) in 2022.

Policies on reserves.

Restricted funds are to be used for specific purposes as specified within the objects of the charity. �Expenditure which meets these criteria, will be identified to the fund, together with a fair allocation of management and support costs.

Unrestricted funds: Unrestricted funds are donations and other incomes received or generated for the objects of the charity without further specified purpose and are available for general funds.

Availability and adequacy of assets of each of the funds

The board of trustees is satisfied that the charity's assets in each fund are available and adequate to fulfil its obligations in respect of each fund.

Details of The independent examiner

Mr Adeniyi Zaccheus Chartered Certified Accountant 1A Town Square Erith London DA8 1RE

4

Redeemed Christian Church of God- Kings Chapel Welling

Trustees' annual report for the year ended 31 December 2023

Statement of trustees' responsibilities

The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to 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 particular, charity law requires the trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the trustees are required to :-

• to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

• select suitable accounting policies and apply them consistently;

• make judgements and estimates that are reasonable and prudent;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business;

• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;

The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.

The trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are also responsible for the contents of the trustees' report, and the statutory responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that on the face of the report there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 21 October 2024.

Akinola Soroye Chairman board of trustees

5

Redeemed Christian Church of God- Kings Chapel Welling

Report of the independent examiner to the trustees of the charity on the accounts for the year ended 31 December 2023

I report to the trustees on my examination of the financial statements of the charity on pages 9 to 12 for the year ended 31 December 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) adapted to meet the needs of unincorporated organisations, as modified by 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), published by the Charity Commission in England & Wales (CCEW) and under the historical cost convention and the accounting policies set out on pages 12 to 13.

Respective responsibilities of the trustees and the independent examiner and the basis of the report

As described on page 6, you, the charity's trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-

a) examine the financial statements of the charity under Section 145 of the Act;

b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of independent examiner's statement and scope of work undertaken

I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. 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 setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

6

Redeemed Christian Church of God- Kings Chapel Welling

I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the trustees of all material matters.

Independent examiner's statement, report and opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

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 with Section 130 of The Charities Act 2011;

the financial statements do not accord with those 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 accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;

have not been prepared in accordance with the methods and principles set out in 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).

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 statements to be reached.

Signed:-

Mr Adeniyi Zaccheus - Independent examiner

Chartered Certified Accountant 1A Town Square Erith London DA8 1RE

This report was signed on 21 October 2024

7

Redeemed Christian Church of God- Kings Chapel Welling - Statement of Financial Activities for the year ended 31 December 2023

Statement of financial activities for the year ended 31 December 2023

Income & endowments from: Donations & legacies Expenditure on: Charitable activities Total expenditure Net income for the year Reconciliation of funds:- Total funds brought forward Total funds carried forward Net movement in funds	Current year Unrestricted funds 2023 £ 119,688 119,435 119,435 253 253 218,062 218,315	Current year Current year Restricted funds Total funds 2023 2023 £ £ - 119,688 - 119,435 - 119,435 - 253 - 253 - 218,062 - 218,315	Prior year Total funds 2022 £ 79,521 42,815
			42,815
			36,706
			36,706 181,356
			218,062

The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the balance sheet.

A separate statement of total recognised gains and losses is not required as this statement includes all recognised gains and losses.

All activities derive from continuing operations

Redeemed Christian Church of God- Kings Chapel Welling - Resources applied in the year ended 31 December 2023 towards fixed assets for Charity use:-

Funds generated in the year as detailed in the SOFA Net resources available to fund charitable activities	2023 £ 253 253	2022 £ 36,706
		36,706

The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.

The notes attached on pages 12 to 19 form an integral part of these accounts.

8

Redeemed Christian Church of God- Kings Chapel Welling - Statement of Financial Activities for the year ended 31 December 2023

Movements in revenue and capital funds for the year ended 31 December 2023

Revenue accumulated funds

Unrestricted funds 2023 £ Accumulated funds brought forw 218,062 253 218,315 Closing revenue funds 218,315 Summary of funds Unrestricted and Designated funds 2023 £ Revenue accumulated funds 218,315 Recognised gains and losses before transfers	Restricted funds 2023 £ - - - - Restricted funds 2023 £ -	Total Last year funds Total funds 2023 2022 £ £ 218,062 181,356 253 36,706 218,315 218,062 218,315 218,062 Total Last Year funds Total funds 2023 2022 £ £ 218,315 218,062

Redeemed Christian Church of God- Kings Chapel Welling

Income and expenditure account for the year ended 31 December 2023 as required by the Companies Act 2006

Income Income from operations Refunds from HMRC on gift aided donations Gross income in the year including exceptional items Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Governance costs Total expenditure in the year Retained surplus for the financial year	2023 £ 119,688 - 119,688 50,476 68,209 750 119,435 253	2022 £ 79,521 -
		79,521
		37,738 4,327 750
		42,815
		36,706

All activities derive from continuing operations

In accordance with the provisions of the Companies Act 2006, the headings and subheadings used in the income and expenditure account have been adapted to reflect the special nature of the charity's activities.

The notes attached on pages 12 to 19 form an integral part of these accounts.

9

Redeemed Christian Church of God- Kings Chapel Welling - Balance Sheet as at 31 December 2023

	Notes		2023		2022
			£		£
Fixed assets
Tangible assets	9		-		68,209
Current assets
Debtors	10	31,164		30,964
Cash at bank and in hand		204,474		136,213
Total current assets		235,638		167,177
Creditors: amounts falling due
within one year	11	(750)		(750)
Net current assets			234,888		166,427
			234,888		234,636
Net assets
Creditors: amounts falling due after
more than one year	12		(16,573)		(16,574)
The total net assets of the charity			218,315		218,062
The total net assets of the charity	are funded by the funds of the			charity, as follows:-
Restricted funds
			-		-
Unrestricted funds
Unrestricted revenue funds	15	218,315		218,062
			218,315		218,062
Designated funds
Total charity funds			218,315		218,062

For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

The charity is subject to independent examination under charity legislation, and the report of the independent examiner is on page 6 and 7.

10

Redeemed Christian Church of God- Kings Chapel Welling - Balance Sheet as at 31 December 2023

The trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.

Akinola Soroye Chairman board of trustees

Approved by the board of trustees on 21 October 2024

The notes attached on pages 12 to 19 form an integral part of these accounts.

11

Redeemed Christian Church of God- Kings Chapel Welling

Notes to the accounts for the year ended 31 December 2023

1 Accounting policies

Policies relating 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 (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), published by the Charity Commission in England & 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 statements 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.

Risks and future assumptions

The charity is a public benefit entity.

Policies relating to categories of income and income recognition.

Nature of income

Gross income represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Categories of Income

Income is categorised as income from exchange transactions (contract income) and income from nonexchange transactions (gifts), investment income and other income.

Income from exchange transactions is received by the charity for goods or services supplied under contract or where entitlement is subject to fulfilling performance related conditions. The income the charity receives is approximately equal in value to the goods or services supplied by the charity to the purchaser.

Income from a non-exchange transaction 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.

Dividends are accrued when the shareholder’s right to receive payment is established.

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

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

12

Redeemed Christian Church of God- Kings Chapel Welling

Notes to the accounts for the year ended 31 December 2023

Policies relating to expenditure on goods and services 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 Note5.

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.

Fixtures and fittings 25% straight line Church equipment 20% straight line Motor vehicles 25% straight line

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

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.

13

Redeemed Christian Church of God- Kings Chapel Welling

Notes to the accounts for the year ended 31 December 2023

2 Liability to taxation

The trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, 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.

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 Net surplus before tax in the financial year

Net surplus before tax in the financial year
	2023	2022
	£	£
The net surplus before tax in the financial year is stated after charging:-
Depreciation of owned fixed assets	68,209	4,327
Pension costs	435	216

5 The contribution of volunteers The charity depends on the support of its volunteers, which is much appreciated. The charity had over 2 volunteers who worked for over 576 hours of their time stewarding events. The arrangements with volunteers are diffcult 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.

6 Staff costs and emoluments

Salary costs Gross Salaries excluding trustees and key management personnel Employer's operating costs of defined contribution pension schemes Total salaries, wages and related costs The average number of part time staff employed in the year was	2023 £ 3,021 -	2022 £ 4,345 216
	3,456	4,561
	1	1

7 Defined contribution pension schemes

The charity operates a defined contribution pension scheme, the costs of which are shown above. Any liabilites and assets associated with the scheme are shown under debtors and creditors.

8 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 entity.

14

Redeemed Christian Church of God- Kings Chapel Welling

Notes to the accounts for the year ended 31 December 2023

9 Tangible fixed assets

Current Year Cost At 1 January 2023 At 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 10 Debtors Other debtors 11 Creditors: amounts falling due within one year Accruals 12 Creditors: amounts falling due after one year Finance lease and HP contracts 13 Income and expenditure account summary At 1 January 2023 Prior year adjustments At 1 January 2023 Surplus after tax for the year At 31 December 2023	Property (improveme nts) £ 79,635	Motor vehicles £ 28,015	Furniture & equipment £ 114,625	Total £ 222,275
	79,635	28,015	114,625	222,275
	13,475 66,160	28,015 -	112,576 2,049	154,066 68,209
	79,635	28,015	114,625	222,275
	-	-	-	-
	66,160	-	2,049	68,209
			2023 £ 31,164 2023 £ 750 2023 £ - 2023 £ 218,062 - 218,062 253	2022 £ 30,964 2022 £ 750 2022 £ - 2022 £ 181,356 - 181,356 36,706
			218,315	218,062

15

Redeemed Christian Church of God- Kings Chapel Welling

Notes to the accounts for the year ended 31 December 2023

14 Particulars of how particular funds are represented by assets and liabilities

At 31 December 2023 Unrestricted Designated Restricted funds funds funds £ £ £ Tangible fixed assets - - - Current assets 235,638 - Current liabilities (750) - - Long term liabilities (16,573) - - 218,315 - - At 1 January 2023 Unrestricted Designated Restricted funds funds funds £ £ £ Tangible fixed assets 68,209 - - Current assets 167,177 - - Current liabilities (750) - - Long term liabilities (16,574) - - 218,062 - - Change in total funds over the year as shown in Note 14 , analysed by individual funds Funds brought forward from 2022 Movement in funds in 2023 See Note 16 See Note 14 £ £ £ Unrestricted and designated funds:- Unrestricted revenue funds 218,062 253 - Total unrestricted and designated funds 218,062 253 - Total charity funds 218,062 253 - Post balance sheet events	Unrestricted funds £ - 235,638 (750) (16,573)	Designated funds £ - - -	Restricted funds £ - - - -	Total funds £ - 235,638 (750) (16,573)
	218,315	-	-	218,315
	Unrestricted funds £ 68,209 167,177 (750) (16,574)	Designated funds £ - - - -	Restricted funds £ - - - -	Total funds £ 68,209 167,177 (750) (16,574)
	218,062	-	-	218,062
				Funds carried forward to 2024 £ 218,315
	218,062	253	-	218,315
	218,062	253	-	218,315

15 Change in total funds over the year as shown in Note 14 , analysed by individual funds

16 Analysis of movements in funds over the year as shown in Note 15

			Other
	Income	Expenditure	Gains &		Movement
			Losses		in funds
	2023	2023	2023		2023
	£	£	£		£
Unrestricted and designated funds:-
Unrestricted revenue funds	119,688	(119,435)		-	253

16

Redeemed Christian Church of God- Kings Chapel Welling

Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015

This analysis is classsified by conventional nominal descriptions and not by activity.

17 Donations, grants and legacies

Current year Current year Current year Unrestricted funds Restricted funds Total funds 2023 2023 2023 £ £ £ Donations and gifts from individuals 119,688 - 119,688 - - - Grants - - - Total donations and gifts from individuals 119,688 - 119,688 18 Expenditure on charitable activities - Direct spending Refunds from HMRC on gift aided donations Small donations individually less than £1000	Prior year Total funds 2022 £ 79,016 - -
	79,521

Current year Gross wages and salaries - charitable activities Defined benefit pension costs - charitable activities Defined contribution pension costs - charitable activities Travel and subsistence - Charitable activities Honourarium Event Total direct spending	Current year Current year Current year Unrestricted funds Restricted funds Total funds 2023 2023 2023 £ £ £ 3,021 - 3,021 435 - 435 - - - 7,035 - 7,035 1,229 - 1,229 2,049 - 2,049 13,769 - 13,769	Prior year Total funds 2022 £ 4,345 - 216 1,520 200 1,742
		8,023

19 Expenditure on charitable activities- Grant funding of activities

Current year Grants made to individuals Grants made to organisations Total grantmaking costs	Current year Current year Current year Prior year Unrestricted funds Restricted funds Total funds Total funds 2023 2023 2023 2022 £ £ £ £ 700 - 700 350 7,850 - 7,850 2,805 8,550 - 8,550 3,155	Current year Current year Current year Prior year Unrestricted funds Restricted funds Total funds Total funds 2023 2023 2023 2022 £ £ £ £ 700 - 700 350 7,850 - 7,850 2,805 8,550 - 8,550 3,155
		8,550 3,155

17

Redeemed Christian Church of God- Kings Chapel Welling

Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015

Current year Current year Current year Current year Unrestricted funds Restricted funds Total funds 2023 2023 2023 £ £ £ RCCG Victory Centre 200 - 200 Central office 5,700 - 5,700 WEM 1,650 - 1,650 Region 250 - 250 Province 50 - 50 7,850 - 7,850 20 Current year Current year Current year Current year Unrestricted funds Restricted funds Total funds 2023 2023 2023 £ £ £ Volunteer costs Training and welfare - volunteers 1,135 - 1,135 Premises expenses Rates and water charges 952 - 952 Rent 18,000 - 18,000 Light heat and power 4,287 - 4,287 Premises repairs, renewals and maintenance 150 - 150 Utilities - - - Property insurance 673 - 673 Administrative overheads Telephone, fax and internet 324 - 324 Stationery and printing 1,182 - 1,182 Liabilty and contents insurance - - - Sundry expenses 1,454 - 1,454 Professional fees paid to advisors other than the auditor or examiner Financial costs Depreciation 68,209 - 68,209 Total support costs - Current year 96,366 - 96,366 The basis of allocation of costs between activities is described under accounting policies Support costs for charitable activities Breakdown of Grants made to organisations	Prior year Total funds 2022 £ - - 18,000 4,353 923 579 - 1,147 575 983 - 4,327
	30,887

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Redeemed Christian Church of God- Kings Chapel Welling

Detailed analysis of income and expenditure for the year ended 31 December 2023 as required by the SORP 2015

21 Other expenditure - Governance costs

Current year Independent examiner's fees Total governance costs	Current year Unrestricted funds 2023 £ 750 750	Current year Restricted funds 2023 £ - -	Current year Total funds 2023 £ 750 750	Prior year Total funds 2022 £ 750
				750

All the expenditure in the prior year was unrestricted.

22 Total charitable expenditure

Current year Total direct spending Total grantmaking costs Total support costs Total governance costs Total charitable expenditure	Current year Current year Current year Unrestricted funds Restricted funds Total funds 2023 2023 2023 £ £ £ 13,769 - 13,769 8,550 - 8,550 96,366 - 96,366 750 - 750 119,435 - - 119,435	Prior year Total funds 2022 £ 8,023 3,155 30,887 750
		42,815

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