REGISTERED COMPANY NUMBER: 07614392 Registered Charity Number 1141910 Redeemed Chri5tain Church of God. Good News Haven Unaudited Financial Statements For The Year Ended 31st December. 2023
Redeemed Christian Church of God . Good News Haven Contents of The Financial Statements For The Year Ended 315t December. 2023 Page Report ofThe Trustees Independent Examinerfs Report Statement of Financial Activities Balance Sheet Note5 to the Finaniial Statements Detailed Statement of Financial Activities
Redeemed Christian Church of God , Good News Haven Report Of The Trustees For The Year Ended 3Jst December. 2023 Principal Registered Address. 61 Kellner Road Thamesmead London SE28 OAX Trusiees R A Bello - Chairman Samuel Obigbesan Joy Alkhena Abimbola Taiwo Bankers Independent Examiner Adonai Associates Accountants 50 King Alfred Avenue Catford London SE6 3HP
Redeemed Christian Church of God , Good News Haven Report of the Trustees For The Year Ended 31 $1 December. 2023 RUCTURE. GOVERJ]ANCE AND MANAGEMETrrr cemIng document The charity Is controlled by its governing doajtnent. a deed of tnjst. and constitutes a company, limited by guarantee. as defined by the Companies Art 2006 on 26th April 2011 with a regirtered charity number 1141910 Organisational rtructure The churth is organised Such that the day-to-day nJnning of the church has Ien delegated to the Parish Pastor and the Charity Manager. The Trustee5 are consulted on all matertal t55ue5 and determine the rtrategTC direction of the charity- Tru5tee5 meet three times in a year and as and when required to review the operations of the charity. Recruttrnent and appointmentof new ITUStees The management of the churth i5 the responsibility of the trurtees who are elerted and £o-OPted under the terrns of the bwst deed Policies adopted for the Inductlon and tratning of trurtees The induction process for any newly appointed member of the trustees comprises an initial meeting with the chairman and other trurtee5. followed by A series of short meetings Wlth the minister in charge on the powers and respoTtStbilities of the tnjstees. New Trurtee5 are given an understarkding of thecharity's objective5 and the requirements of the Charity Commission. They a also encouraged to attend appropriate external training events where these will facilitate the understaring of their role. Charity Cornrni55ion bulletins/updates is a150 forwarded to Trurtees as and when iswed. Conneded Charities GO news Haven 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 govemed by an "Agreement lor Cornmon Purpose5.- The churth supports Chrirtian organi5ations such a5 World Evangeli5rn Mission and other missionary organisation suth as Festival of Life. Go<xl WoTnen Fellowship etc. The church also provides support to MberS of the congregation and commun¥ty who are in need lat the discretion of the trurtee5)trurteesl Risk Management The trurtees have a duty to identify and review the ri5k5 to which the charity is exposed and to ensure appropriate control. The thwrtees have a5$$ed the major risks to which the charity is exposed. In particular. those related to the operations and finance5 of the churth. and are satisfied that 5yrtems are in place to mttigate our exp0re to the major risks and to provide reasonable assurance against fraud and error. OBJEcfivES AND AcfiviTIES The advancernent of the Chrirtian faith worldwide and affording the knowledge of God to our immediate community in particular through evangelirtic Work and encouraging people to worshTP Wlth us and seek eternal life Salvation through our Lord Jew5 Chrirt The relief of poverty and offering prartical help. advi and assistance to the horneless. unemployed and the vulnerable in the s01iety
Providing necessary 5UPPOrt to rthv converts to grow and develop in their new found faith through effedive pastoral care Each year our trurtees review our objethves and attivitie£ to ensure they continue to refiert our aims. In carrying out this review. the tmstees have considered the Charrty Commrssion's general guidance on public benefit and in particular its supplementary Fjubjic guidan on the advancement of religion for the public beneFIt. StrAtegies for achieving objective5 The charity has adopted the followin8 Strategies for achieving the above objectives= Organi5ing seminars and events to address rssues of relevance to the relief of poverty and provision of care and support for the needy as appropriate- Planting of churches- and Support and working with other charities with sirnilar objertives to achieve greater results in enabling and emp¢)wering people through the word of God and in offering practical help and assirtance to the needv Principal fvnding The charity'5 principal Sour of funding remains the same. Thi5 15 provided mainly through voluntary tithes and offerings by the churth tnetnber5. Contribution5 and Pledge5 are also taken for Specific projerts. Activities for achievin8 obiedives The church in pursuant of her objectives organised programme of events which were open to the hort Cotntnunity for Chrirtian worship se15 in addition to teaching sessions. The focus on the future generation also saw the churth operating a fully equtpped 5ettion for Children under 12 years of age as well as a separate 5ertion for teenagers. there ts also the youth fellowship. The church also undertook projects to reach out to the cotnrnunity as a whole aTnong whith are the annual Summer Sun 5pla5h. Marriage Conferen. Multicultural day. Praise Sessions and the 9 hours non-stop praise. Volunteers The church is grateful for the efforts of its volunteers who are involved in setvice provision. office work and administration. It ts estimated that over S,] volunteer hours were provided during the 2023 period. If this 15 valued at £10.42 an hour the volunteer effort5 would amount to over £53.142. Significant artivities The church holds regular worshrp service5. whith are open to all member5 of the community. At these pro8rammes. tnember5 are taught the principle5 of Chrirtian care to all rnembers of the community. In addition to this. the church also operate5 classes for the children. Teenagers and youth where they are taught the tenet5 of the Chrirtian faith. The churth in integrating with the comtnunity a150 had projertS aimed at children. the elderly as well as the general community. The church in the course of the year could not actively engaged in both congregational and community wide artivities that are channelled ti)ward£ promoting love and empowering people to live a surtainable Chrirtian life due to the Covid-19 pandemÈc However. activitÉes below were held via zoom platforrn as follow-. Weekly worship. prayer rneetings and bible studres (SUTayS. Wednesdays and Fridays} Partoral Ca provision for the congregation. local community arn4 new convert5 to help them live a Sustainable life in their new-found faith. Partoral care provrsion for the con8re8&ion. local community and new convert5 to help them live a Sustainable life in their new-found ffjith
OTHER CHURCH A1VE5 Horne Fellowship every 2nd Sunday of the month Evangelism every Saturday 9 Hour5 non-rtop praise 15th July 2023 9am-6pm. Distribution of food to the hotneless 22nd Deember 2023 Children Christmas party 24th December 2023 Financial Review The trustee5 are re5pon5ible for preparing the Report of the TTUrtees and the financial rtatements in accordan with applicable law and United ngdOrn Aco)untin8 Standards (United Kingdom Generally Actrpted Accountin8 practi). The law applicable to charities in England and Wale5. the Charitie5 Act 2011. Charity {Accounts and Reports) Regulations 2008 and the provisic>ths of the tTUrt deed requires the trustees to prepare financial statements for each fir>ancial year which give a true and fair view of the rtate of affairs of the charity and of the incoming resources and application of resources. includin8 the income and expenditure. of the charity for that period. In preparing those financial rtatements, the trurtees are requtred toview of the state of affairs of the charity and of the incorrktng resouros and applitstion of resources. including the income and expenditure. of the charity for that period. In preparing those financial statements. the trurtees are required to Select suitable accounting policies and then apply them cOnrtentI. Observe the methods and principles in the Charity SORP- Make judgement5 and ertimate5 that are reasonable and prudent: Prepare the rinanciai sraternents on tne going concem ba515 unles5 it 15 inappropriate to presume that the charity will continue in business. The twrtees are responsible for keeping proper accounting records. which disclose with reasonable accuracy at any time the finan(ial positTon of the charity and to enable them to ensure that the financial staternent5 comply with the Charzties Act 2011. the Charity (Accounts and Report51 Regulation5 2008 and the provistotts of the trurt deed. They are also responsible for safe8uardin8 the assets of the charity and hence for taking reasonable steps for the prevention aE)d detecfton of fraud and other irregularities. The trustee5 are responsible for the Maintenan and integrity of the charity and financial information included on the charTty'5 web51te. Legislation in the United knngdom governing the preparatlon and dissemination of financial statements may differ from legÉslation in other jurisdirtions ON BEHA OF THE BOARD.. Signature Trustee
Redeemed Christtan Churth of God . Good News Hwen For The Vear Ended 31rt December. 2023 Independent Examin*s Report To the Trustees of Redeemed Christian Church of CKMI . Good Ne4VS Haven I report on the accounts for the year ended 31st December. 2023 t out on page5 four to Seven. Respective responsibrlities of tNrtees and examiner The charity's trurtees are responsible for the preparation of the accounts. The chariws trustees consider that an audit is not required for this year (under Section IHI21 of the Charitie5 Act 2011 (the 2011 Art)} and that an indepetldent examination is required. The charity's gr055 income doe5 exceed £250,000 and l am qualified to undertake the examination by being a qualified tnember of ACCA and IFA It 15 my responsibTlity to: examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Comtni55ion (under Se(tion145151(bl of the 2011 Art),. and to rtate whether partiojlar matters have come to my attentton. Ba555 of the Independent exalninerfs Teport My examination was carried out in accordance with the General Diredions given by the Charity Commi55i0n. An exarnination indude5 a review of the accounting records kept by the charity and a compari50n of the accounts presented with those records. It a150 includes consideration of any unusual items or disclosures in the account& and seeking explanations frotn you as truttees concerning any such matter5. The procedure5 undertaken do not provide all the evidence that would be required in an audtt. and consequently no opinion 15 given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters Set out in the rtatement5 below. Independent examinerfs rtatement In connection with my examtnation. matter has corne to my attention.. 11 which gives me reasonable cause to lIeVe that. in any matertal respect. the requirernent5 to keep accounting records in accordance with Sedion 130 of the 2011 Act- and to prepare accounts which accord wirh the accounting records and to cornply with the accountin8 requirement5 of the 201T Act have not been rnet- or 12) to whith. in tny opinÈon. attention should be drawn in order to enable a proper underrtanding of the accounts to be reathed. Abiodurh A Adeboyejo (FCC&AF& AC& FAIA) Association of Chartered Certified Accountants 50 King Alfred Avenue Catford. London SE6 3HP
Redeemed Chrsrtian Church o* God. Good News Haven Statement of Finanaal Adivitres For The Year Ended 31stDecemEer. 2023 2023 Total Fund 2022 Total Fund Unre5trirted Notes Income Resources Incoming Resources From Generated Funds Voluntary Income Total Income Resources 380,844 380.844 380.844 380.844 314.869 314.869 Resources Expended Charitable Activities Physical & Spiritual Need Governance Costs 280.342 25.925 280,342 25.925 269.872 15,809 Total Resour5 Expended 306.267 306.267 285.681 NET INCOMING RESOURCES 74.577 74.577 29.189 RECONCIiATION OF FUNDS Total Funds Balances Wfi¥d 196.100 166.911 Total Funds Balance5 dfvvd 270.677 270 677 196.100 The Notes Form Part of These Finanaal Statements
Redeemed ChrirtSan Churth of God , Good News Haven Balan Sheet as at 31 December 2023 2023 Total 2022 Total Notes FIXED ASSEf5 Leasehold lrnprovernents Tangible a55ets 20.792 20.792 20.792 18.803 18.803 21,586 CURRENT ASSErs Debtors 12.500 12.500 14.500 Cash at bank and in hand 281.823 281.823 187.205 CREDITORS Amounts Falling Due within one Year 32.629 32.629 1.129 NEf CURRENT SEr$ 261.694 261.694 200.576 TOTAL Ass5 LESS CURRENT LIABILITIES 301.289 301.289 242.954 CREDITORS Amounts Falling Due after one Year (30.613) (30.613) 146.8551 NEf ASSFrs 270.677 270.676 196.099 Unrertricted Funds Restricted funds 278,383 203.806 Unrestricted Fund5 (7.7071 {7.707) TOTAL FUNDS 270.676 196.099 The financial rtatements were approved by the Board of Trustees on.................................... and were si8ned on it5 behalf by- Approved by Board of Trustees R A Bello- Chairman The Notes Fomi Part of These Financk?I Statements
Redeemed Christlan Church of God. Good New5 Haven Notes to the Financial Statementss for the year ended 31 December 2023 ACCOUNTING POLICIES Accounting conveniion The fhnancial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Siandard for Smaller Entities (effective January 201 Sl. the Charitie5 Act 2011 and Ihe requirements of the Statement of Recommended Practice ISORP 20151. Accounting and Reporting by Charities lissued July 20141 Incoming resources All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure 15 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particularheadings they have been allocated to activities on a basis consistent with the use of resources. Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure. Tangible fixed assets Taxation The charity is exempt from tax on it5 charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the d iscretion of the trustees. Voluntary Income 2023 2022 Tithe5 & Offering Offering Thanksgiving Building Fund Other Income Gift Aid Crant Interest Receivable 198,415 40.156 10.468 10,910 6.440 207.003 31,426 8,027 51,044 13,761 3,347 7 12,332 2,123 380.844 261 314.869 2 Governance Costs Accountancy Legal fees 2023 13,480 10,200 23.680 2022 650 12,633 13,283
Redeemed Christian Church of God . Good News Have Nores to the Financial Statementss for the year ended 31 December 2023 3 Wages and salaries Social security Costs 118,713 10,990 129,703 105,975 117.140 4 Tangible fixed assets Hardware Equipment Choir Music Equipment Motor vehicles Totsl Cost At l January 2023 Additions At 31 December 2023 51,478 89.8 1.534 91.102 43,141 184.187 1,534 185.721 51.478 43.141 Depreciation At l January 2023 Charge for the year Ai 31 December 2023 50,586 178 68,874 4,139 73,013 43,141 162,601 4,317 166.918 50.764 43,141 Net book value At 31 December 2023 At 31 December 2022 714 18,089 20.694 18.803 892 21,586 5 Debtors . Amounts Falling Due within one year 2023 2022 Other debtors 12,500 12,500 14,500 14,500
Redeemed Christian Church of God . Good News Haven Note5 to the Financial Statement55 for the year ended 31 December 2023 6 Creditors: amounts falling due within one year 2023 2022 Trade creditors Other Creditors Crèditors Pension 31.733 561 335 561 568 32,629 1.129 7 Creditor5.' amounts falling due after one year 2023 2022 Creditor5 Creditors 3,490 27.123 30,613 8,888 37,967 46,855 BBL Net Movement In Funds 8 Movement in Funds At010123 At31 1223 Unrestricted funds General fund Bu ilding Fund TOTAL FUNDS 17.7071 203.806 196.099 17.7071 278,383 270,676 74,577 74,577 Nei movement in funds, included rn the above are a5 follows.. Incoming Resources Re50ur£es Expended Movement in Funds Unrestricted fund5 General fund Total Fund 380.844 380,844 306.267 306.267 74,577 74,577 10
Redeemed Christian Church of God . Good New5 Haven Detailed Ststement Of Ftnanaal Achvtfies For The Year Ended 31st Decembw, 2023 2023 Total Fund 2022 Total Fund Unrertrirted INCOMING RESOURCES Tithe5 & Offertng Offering ThanksgivTn8 Building fund Other Incorne Gift Aid Grant 198.415.06 40.156.46 10.468.40 lo.)9.83 6.439.64 198.415.06 40.156.46 10.468.40 10.909.83 6.439.64 207.003.00 31.426.00 8.027.00 51.044.00 13.761.00 112.331.68 112.33l.68 2.123.00 380 844.07 3.347.00 Interert Receivable Total Incoming Resources 2.123.00 380.844.07 261.00 314,869.00 RESOURCES EXPENDED Charitable Activitie5 Partoral allowances Members, Training and Welfare Books & Printing Honorarium & volunteer i.ioo.00 1.663.00 16.040.00 1.438.00 2.404.00 14.638.00 1.425.00 7.179.00 1.547.lJO 37.104. 8.241.00 1.192.00 4.644.00 12.754.00 1.815.00 810.00 1.686.00 95.439.CM) 2.404.LK) 14,638.LK) 1.425.(KS 7.179.CKJ 1.547 00 37.104. 8.241.00 1.192.00 4.644.00 12.754.00 1.815.00 810.00 1.686.00 95.439.(Kl Bank Charges Storage Expenses Advertisin8 WEM & Central funding Travellin8 and subsistence Printing. portage & stationery Multttnedia Exp*nses Church expen5e5 Evangelical/ouEreach materials Donatton & Gift Telephone and fax 847.00 30.948.00 5.902.00 1,974.00 5,133.00 12.908.00 I,(x)o.00 2.380.00 81.333.00 Govemance Corts Accountancy fees Profe55ional charges Consultancy fees 13.480 00 10.21K).00 2.245_00 25.925.00 13.480.00 10.200.00 2.245.00 25.925.00 650.00 12,633.00 2.526.00 15.809.00
Support Corts Management Rent & rate5 ght & heat Insurance Software & IT Repairs & maintenan subscription Buildin8 Expenses Cleaning Motor expenses Wages & salarie5 Social Seajrity Welfare Employers Pension Depreciation charge 42.480. i.1?0. 428.(X) 80.00 405.CQ 42.480.00 i.000.00 428.00 80.00 405.00 46.197.00 2,555.00 411.00 130.00 1.268.00 40.00 4.221.00 1.800.00 49.(Xl 49.00 45. 45.00 653.(XJ 653.00 118.713.00 10.990.IXJ 3.262.00 2.481.lJJ 4.317.00 184.903.00 118.713.00 10.990.00 3.262.00 2.481.00 4.317.00 184.903.00 105.975.00 11.165.00 6.965.00 2.415.00 5.397.00 188.539.00 TOTAL RESOURCES EXPENDED 30&267.00 306 267.IXI 285 681.00 INCOME 74.577.07 74.577.07 29,188.00 12