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2023-03-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE

Charity reg. no 1142019

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023 

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THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE

CONTENTS

Reference and administrative details of the charity 3
Trustees’ report 4 - 7
Independent examiner’s report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 -14 
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THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2023

Trustees Pastor Ademola Bamgbola Mr Rotimi Henry Ayobamidele Mr Olasupo Olatunbosun Mrs. Tolulope Alonge Charity registration Number 1142019 Principal Office Suite 527 14 London Road Guildford Surrey GU1 2AG Pastor in charge Pastor Stephen Akujuaobi Independent Examiner Akintayo Ojo FCCA Chartered Certified Accountants Resource Management Consultants Ltd 46 Hollywood Way Erith DA8 2QE Bankers Metro Bank 35 – 39 North Street Guildford GU1 4TE 

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THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE

TRUSTEES’ REPORT FOR PERIOD ENDED 31 MARCH 2023

The trustees submit their annual report and the financial statements of The Redeemed Christian Church of God – Winners Place (the charity) for the year ended 31 March 2023. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005.

STATUS

The charity was constituted under a trust deed dated 31[st] October 2010 and is registered in England and Wales as “The Redeemed Christian Church of God Winners Place with charity number 1142019 on 20[th] May 2011.

APPOINTMENT OR ELECTION OF TRUSTEES

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

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEE’S The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other trustees, followed by short meetings with the Parish pastor on the powers and responsibilities of the trustees.

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The charity is organised so that the trustees meet regularly to manage its affairs. The Parish pastor manages the day-to-day administration of the church.

RELATED PARTY RELATIONSHIPS

RCCG Winners Place is a parish of The Redeemed Christian Church of God which has parishes all over the world. The parish’s relationship with other parishes is governed by an ‘Agreement for Common Purposes’.

RISK MANAGEMENT

The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity and are satisfied the systems are in place to mitigate our exposures to the major risks.

OBJECTS AND ACTIVITIES

The principal object is the advancement of Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objectives, the church adopted the following strategies: 

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THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE

TRUSTEES’ REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2023

The activities for achieving its objectives include:

PUBLIC BENEFITS

The church’s Sunday and midweek services are open to the general public to build on their Christian faith. In addition to the church activities, the charity was involved in the following public benefit efforts:

Easter outreach - The church worked in partnership with other local organisations and chaplains within the local University to serve hot drinks and snacks to the public during the Easter celebrations. Gift packages containing food items were also prepared and handed out to students within the community which was well received.

Christmas Outreach – During the Christmas celebrations, the church identified a local charity that cater for the homeless and donated packages containing foodstuff, groceries, hygiene products and toiletries to be distributed to their clients. This was sent with special Christmas messages to all recipients to extend joy of the season to them.

Freshers’ fayre – The church participated in the University of Surrey Annual Fresher’s fayre to welcome the new students to Guildford and its environs. Gifts and information packs were given out as well and the church featured an information stand to provide local information to the new students. This was particularly well received by many international students that were new to Guildford.

University Hope Concert – The chaplaincy service to the university led the organising of a ‘hope concert’ for the university community. The concert in partnership with the school of arts created opportunity for the community to reflect on the journey through the pandemic, inspiring hope through music, reflections and comedy. Attendance to this event was free and the hall was fully booked.

Built to last event – This event featured marriage and relationships workshop and seminar open to the public. Seasoned marriage and relationship experts were invited to facilitate the workshops and meeting. Lunch was provided for all attendees. This event was organised with free admission.

Chaplaincy service – the church supports a volunteer chaplaincy service to the university under the religious life and belief centre. Through this service, students are supported with pastoral care, counselling, and welfare packages where required. This service is particularly useful to many international students who have had to deal with the culture shock of new environment and different educational system. 

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THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE

TRUSTEES' REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2023

Our efforts are geared towards supporting the programmes of our local council, promoting cohesion in our community, and positively impacting the lives of the young people and the elderly.

GRANT MAKING POLICY

The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG Programmes. The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

VOLUNTEERS

The church is grateful for the unstinting efforts of its volunteers who are involved in providing services for the charity. It is estimated that over 7500 hours are provided by volunteers during the year. If this is conservatively valued at £7.50 per hour, the volunteer’s effort will amount to over £56,250.

REVIEW OF ACTIVITIES

The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed.

INVESTMENT POLICY

The trustees have decided that at present, funds should be retained in banks and building societies, and as far as possible in interest bearing accounts.

RESERVES POLICY

The trustees’ policy is to have unrestricted and uncommitted funds (free reserves) of £7,500 - £15,000 to cover 2 to 4 months of resources expended. They feel that this would enable the current activities to continue if there is a significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The present free reserve is above the policy range, but the trustees are continuing to seek additional unrestricted funds.

PRINCIPAL FUNDING

Funding has been provided mainly through tithes and offerings by church members and through gift aid. Pledges are also taken for specific projects. During the year donations were made towards the church building fund. The donations were treated as restricted fund and had been spent towards the project for which it was donated.

FUTURE DEVELOPMENT

The charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life-changing impact in society. 

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THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE

TRUSTEES' REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2023

STATEMENT OF TRUSTEES' RESPONSIBILITIES The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and regulations.

Charity law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees recognise their responsibilities to keep proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.

Approved by the trustees on 2023 and signed on their behalf by:

Mr. Ademola Bamgbola

Mr. Rotimi Ayobamidele

Trustee Trustee 

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THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE

INDEPENDENT EXAMINER’S REPORT FOR PERIOD ENDED 31 MARCH 2023

TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE

I report on the accounts of the charity for the year ended 31 March 2023 which is set out on pages 9 to 13.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 142(2) of the Charities Act 2011 and that an independent examination is needed.

It is my responsibility to:

BASIS OF EXAMINER’S STATEMENT

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statements below.

EXAMINER’S STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Akintayo Ojo FCCA

46 Hollywood Way Erith Kent DA8 2QE

Date: 2023 

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THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE Charlty reg. no 1142019 TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023 Page I

THE REDEEMED CHRISTtAN CHURCH OF GOD WINNERS PLACE CONTENTS Reference and administrative details of the charity Trustees, report Independent examiner's report Statement of financial activities Balance sheet 10 Notes to the financial statements 11-14 Page 2

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2023 Trustees Pastor Ademola Bamgbola Mr Rotimi Henry Ayobamidele Mr Olasupo Olatunbosun Mrs. Tolulope Alonge Charity registration Number 1142019 Principal Office Suite 527 14 London Road Guildford Surrey GUI 2AG Pastor in charge Pastor Stephen Akujuaobi Independent Examiner Akintayo Ojo FCCA Chartered Certified Accountants Resource Management Consultants Ltd 46 Hollywood Way Erith DA8 2QE Bankers Metro Bank 35 - 39 North Street Guildford GUI 4TE Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE TRUSTEES, REPORT FOR PERIOD ENDED 31 MARCH 2023 The trustees submit their annual report and the financial statements of The Redeemed Christian Church of God Winners Place (the charity) for the year ended 31 March 2023. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005. ATUS The charity was constituted under a trust deed dated 31st October 2010 and is registered in England and Wales a5 "The Redeemed Christian Church of God Winners Place with charity number 1142019 on 20 May 2011. APPOINTMENT OR ELECTION OF TRUSTEES Trustees are appointed and or co-opted under the terms of the trust deed. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEE'S The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other trustees, followed by short meetings with the Parish pastor on the powers and responsibilities of the trustees. ORGANISATIONAL STRUCTURE AND DECISEON MAKING The charity is organised so that the trustees meet regularly to manage its affairs. The Parish pastor manages the day-to-day administration of the church. RELATED PARTY RELATIONSHIPS RCCG Winners Place is a parish of The Redeemed Christian Church of God which has parishes all over the world. The parish's relationship with other parishes is governed by an 'Agreement for Common Purposes.. RISK MANAGEMENT The trustees have assessed the major risks to which the charity is exposed, in particular those related to operation5 and finances of the charity and are satisfied the systems are in place to mitigate our exposures to the major risks. OBJEcfs AND ACtIVITIES The principal objett is the advancement of Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objectives, the church adopted the following strategies: Running seminars in the church with proven ministers of the faith to guide members in the various aspect of Christian faith, Support for other charities and Christian events, Providing overseas aid and famine relief, and Involving in economic and community development Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE TRUSTEES, REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2023 The activities for achieving its objectives include.. Community outreach events Conferences and events Welfare support to members and general public, and Various m issionary activities PUBLIC BENEFITS The church's Sunday and midweek services are open to the general public to build on their Christian faith, In addition to the church activities, the charity was involved in the following public benefit efforts.. Easter outreach The church worked in partnership with other local organisations and chaplains within the local University to serve hot drinks and snacks to the public during the Easter celebrations, Gift packages containing food items were also prepared and handed out to students within the community which was well received. Christmas Outreach During the Christmas celebrations, the church identified a local charity that cater for the horneless and donated packages containing foodstuff, groceries, hygiene products and toiletries to be distributed to their clients. This was sent with special Christmas messages to all recipients to extend joy of the season to them. Freshers. fayre The church participated in the University of Surrey Annual Fresher's fayre to welcome the new students to Guildford and its environs. Gifts and information packs were given out as well and the church featured an information stand to provide local information to the new students. This was particularly well received by many international students that were new to Guildford. University Hope Concert The chaplaincy service to the university led the organising of a 'hope concert, for the university community. The concert in partnership with the school of arts created opportunity for the community to reflect on the journey through the pandemic, inspiring hope through music, reflections and comedy. Attendance to this event was free and the hall was fully booked. Built to last event - This event featured marriage and relationships workshop and seminar open to the public. Seasoned marriage and relationship experts were invited to facilltate the workshops and meeting. Lunch was provided for all attendees. This event was organi5ed with free admission. Chaplaincy service the church supports a volunteer chaplaincy service to the university under the religious life and belief centre. Through this service, students are supported with pastoral care, counselling, and welfare packages whe required. This service is particularly useful to many international students who have had to deal with the culture shock of new environment and different educational system. Page 5

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE TRUSTEES, REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2023 Community lunch and Barbecue: The church also organised a community lunch and barbecue for the local community featuring games, interactions, and a variety of food. This provided a unique opportunity to bring the community together including international students who were part of the event. Our efforts are geared towards supporting the programmes of our local council, promoting cohesion In our communityi and positively impacting the lives of the young people and the elderly. GRANT MAKENG POUCY The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mlssion, Festival of Life and other RCCG Programmes. The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need. VOLUNTEERS The church is grateful for the unstinting efforts of its volunteers who are involved in provlding services for the charity. Et is estimated that over 7500 hours are provided by volunteers during the year. If this is conservatively valued at £7.50 per hour, the volunteer's effort will amount to over £56,250. REVIEW OF A￿IVITIEs The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed. INVESTMENT POLICY The trustees have decided that at present, funds should be retained in banks and bullding societies, and as far as possible in interest bearing accounts. RESERVES POLICY The trustees, policy is to have unrestrltted and uncommitted funds (free reserves) of £7,500 £15,000 to cover 2 to 4 months of resources expended. They feel that this would enable the current activities to continue if there is a Significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The present free reserve is above the policy range, but the trustees are contlnulng to seek additional unrestritted funds. PRINCIPAL FUNDING Funding has been provided mainly through tithe5 and offerings by church members and through gift aid. Pledges are also taken for specific projects. During the year donations were made towards the church building fund. The donations were treated as ￿Stricted fund and had been spent towards the projett for which it was donated. FUTURE DEVELOPMENT The charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life-changing impact in society. Page 6

THE REDEEMED CHRISTtAN CHURCH OF GOD WINNERS PLACE TRUSTEES, REPORT (Continued) FOR PERIOD ENDED 31 MARCH 2023 STATEMENT OF TRUSTEES, RESPONSIBILITIES The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and regulations. Charity law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In prepa ring these financial statements, the Trustees are required to: Select sultable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP; Make judgement and estimates that are reasonable and prudent. Prepare the financial statements on the going concern basls unless it is inappropriate to presume that the company will continue in operation. The Trustees recognlse their responsibilities to keep proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud and other i rregularities. The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended. Approved by the trustee5 on 10 December 2023 and signed on their behalf by: Mr. Ademola Bamgbola Mr. Rotimi Ayobamidele Trustee Trustee Page 7

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE INDEPENDENT EXAMINER'S REPORT FOR PERIOD ENDED 31 MARCH 2023 TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE I report on the accounts of the charity for the year ended 31 March 2023 which is set out on pages 9 to 13. RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER The charity's trustees are responsible for the preparation of the accounts. The charlty's trustees consider that an audit is not required for this year under sertion 142(2) of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to,. examine the accounts under section 145 of Charities Act 2011; follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5){b} of the 2011 Act); and state whether particular matters have come to my attention. BASIS OF EXAMINER'S STATEMENT My examlnation was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedure5 undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given a5 to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statements below. EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention: (l) which gives me reasonable cause to believe that in any material respert the trustees have not met the requirements to ensure that.. proper accounting records are kept (in accordance with section 41 of the Att); and accounts are prepared which agree with the accounting records and comply wlth the accounting requirements of Act; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Akintayo Ojo FCCA 46 Hollywood Way Erith Kent DA8 2QE Date: 19 January 2024 Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE STATEMENT OF FINANCIAL ACttVITIES FOR YEAR ENDED 31 MARCH 2023 un￿strICted Restritted Total Total Funds Funds Funds Fund5 2023 2023 2023 2022 Notes INCOMING RESOURCES Gifts, donations & incoming resources Investment income Total incoming resources 69,094 184 69,278 69,094 184 73,817 16 69,278 73,833 RESOURCES EXPENDED Charitable expenditu Grants payable - individual Grants payable - institutional Costs of activities in furtherance of charities objects ManagemeF)t and governance costs Total reSoUr￿S expended 361 6,786 361 6,786 870 7,784 44,512 1,200 52,859 44,512 1,200 52,859 36,548 3,015 48,217 Net {outgoing)lincoming resources for year 16,419 16,419 25,616 Gains /Loses on sale5 of Assets 349 Total fund5 at the start of the year 156,534 16,637 173,171 147,206 BALANCE AT END OF YEAR 172,953 16,637 189,590 173,171 Movements in ￿serveS and all recognised and losses are shown above The charity's incoming resources and resources expended all relate to continuing activites. Page 9

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE BALANCE SHEET AS AT YEAR ENDED 31 MARCH 2023 Notes 2023 2022 FIXED ASSETS Tangible Fixed assets 12,023 14,208 CURRENT ASSETS Cash and bank balances 178,767 178,767 160,163 160,163 LIABILrrIES Creditors Amount fallino due withln 12 months io 1,200 1,200 1,200 1,200 NET ASSETS 189,590 173,171 CHARrrY FUNDS General unre5tritted Id 172,953 16,637 189,590 156,534 16,637 173,171 General restricted TOTAL FUNDS le The accounts havÈ been prepared in attordance with thÈ spétial provision of Staternent of Recornrnended practi￿.. Accountin9 and Reporting by Charit*s ISORP) issued March 2005 as modified for smaller charities Approved by the Trustees on 10 December 2023 and signed on their behalf by.. Mr Ademola Bamgbola Trustee Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE NOTES TO THE ACCOUNTS 31 MARCH 2023 I. ACCOUNTING POLICIES lal The accounts a￿ prepared under the historical cost conventv)n and in accordance with applicable accounting standards. They follow best practice as set out in the Statement of Recornmended PTrcbce.' Accounting and Reporting tiy Charities {SORP} issued March 2005 ès m(MJified for smaller cha￿ties. Ibl Income and expenditure is accountsd for on an a¢¢ruals ba51S. Icl Fixed assets comprise furniture and equipment and musical equlpments and have been costing Tnore than £300. Tangible fixed assets are ststed at cost less dep￿ciatIOn. Depreciation is provided at rat￿ calculated to write off the cost of flxed assets, less their estimated residual value, over their expected useful lives on the followlng bases.. Musical equlpments 25% reducing bal3n Fumitures and fithngs 25Oh reducing balance Computer equipments 25% reducing balance Motor Vehicles 25% reducing balan Idl Un￿strICted funds are Incoming resources re￿iVed for the objects of the charity without further speclfled puoose and are avallable as general funds. lel Restritted funds are sublett to ￿$trICtl0￿5 on their expenditure irnposed by their donors. Unrestrltte Re5tricta Total Total Funds Funds Funds Funds 2. DONAnONS, LEGACIES AND SIMILAR INCOMING RESOURCES Collection and other donations Planned giving Collection at all services Building Collettion Gift Aid 2023 2023 2023 2022 54,363 14.731 54,363 14,731 41,227 9,746 1,250 21,594 73,817 69,094 69,094 3. INVESTMENT INCOME Interest received 184 184 16 16 GRANTS PAYABLE Unrestricted Restritted Totsl Totsl Funds Funds Funds Funds 4. Grants payable - individual 2022 2022 2022 2021 Individual welfare 361 361 870 Page 11

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE NOTES TO THE ACCOUNTS 31 MARCH 2023 GRANTS PAYABLE Vnre5tricted Restricted Total Total Funds Funds Funds Funds 5. Grants payable - institutional 2023 2023 2023 2022 Charitable glving -UK Enterprise fund Total 6,786 6,786 7,784 6,786 6,786 7,784 st of institutlonal grants payable - UK RCCG WEM Wodd Evangellsm RCCG Central OffSce Central Office Support Festival of ￿fe Mission support RCCG Churches Mission support Others Mission support Total grant payable - Institutional 4,826 600 360 500 500 6,786 4,826 600 360 5,824 600 360 750 250 7,784 500 500 6,786 6. COST OF AcmirriES IN FURTHERANCE OF CHARrrY's OBIEcrs Vlslting speakers expenses 1,850 Pastors allowance & expenses 6,000 Travel and subsisten 3,306 Hall hire, rent & rates 4,208 Mission & evangelism 252 Outreach support 8,938 welfa￿ and hospitality 2,872 Telephone 1,019 Printing, postage, stationery & consumables 1,948 Motor running expenses 1,212 Worship cost & church occasion 4,662 Trainlng 920 Insurance 1,707 Depreciation 3,552 Publicity 1,119 Sundry expenses 806 Bank charges 141 44,512 1,850 6,000 3,306 4,208 252 8,938 2,872 1,019 1,948 1,212 4.662 920 1,707 3,552 1,119 806 141 44,512 1,300 6,000 2,094 3,285 252 6,455 1,955 1,267 1,526 836 5,451 200 1,695 1,647 1.783 591 211 36,548 7. MANAGEMENT AND GOVERNANCE COSTS Unrestricted Restricted Total Totsl Fund5 Funds Funds Funds 2023 2023 2023 2022 Professional fees - Other Examiner's fees - accountancy 1,815 1,200 3,015 1,200 1,200 1,200 1,200 Page 12

THE REDEEMED CHRLSTIAN CHURCH OF GOD WINNERS PLACE NOTES TO THE ACCOUNTS 31 MARCH 2023 8. TANGIBLE FIXED ASSETS Motor Musical Computers Furniture & Vehides equipments & proJertors fittings Total 31-Mar 2023 Total 31-Mar 2022 Cost At l April 2021 Additions Disposal At 31 March 2022 Depreclatlon Accumulated Dep Charge for the year Charge for the year At 31 March 2022 Net book value At 31 March 2022 11,750 5,423 8,187 889 3,591 479 28,951 1,368 21,135 9,716 1,900 28,951 11,750 5,423 9,076 4,070 30,319 6,484 1,317 3,745 420 3,190 1,249 1,325 566 14,744 3,552 14,545 1,647 1,449 14,743 7,801 4,165 4,439 1,891 18,296 3,949 1,258 4,637 2,179 12,023 14,208 At 31 March 2021 5,267 1,679 4,997 2,265 14,208 6,590 Year ended 31-Mar 2023 Year ended 31-Mar 2022 9. CASH BALANCES Cash and bank 178.767 178,767 160,163 160,163 10. CREDITORS Year ended Year ended 31-Mar 31-Mar 2022 2022 1,200 1,200 1,200 1,200 Professional fee accountancy 11. RELATED PARTY TRANSAcfioNS During the year, the church paid institutional grants to other RCCG organisations such as the World Evangelism Mission as stated in note 7. Page 13

THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE NOTES TO THE ACCOUNTS 31 MARCH 2023 13. STAFF COST AND NUMBERS Staff costs were as follows Year ended 31-Mar 2023 Year ended 31-Mar 2022 Wages - Pastor's allowance 6,000 6,000 Year ende<l 31-Mar 2023 No. Year ended The average number of employee durfng the year vlas as follows 31-Mar 2022 Pastoral No employee ￿ceiVed remuneration amounting to more than £50,000 in the year. 14. NET INCOMING RESOURCES/IRESOURCES EXPENDED) Year ended 31-Mar 2023 Year ended This is stated after charging 31-Mar 2022 Depreciation of tangible assets owned by the charity Accountant's fees 3,552 1,200 1,647 1,200 Page 14

THE REDEEMED CHRisrtAN CHURCH OF GOD WINNERS PLACE INDEPENDENT EXAMINER'S REPORT FOR PERIOD ENDED 31 MARCH 2023 TO THE TRusfEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD WINNERS PLACE I report on the accounts of the charty for the year ended 31 Marth 2023 which is set out on pages 9 to 13. RESPEcrtVE RESPONSIBILrnES OF THE TRUSTEES AND THE EXAMINER The charity's trustees are rest>onsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 142(2) of the Charities Act 2011 and that an independent examination is needed. It is my responslbility to: examlne the accounts under Section 145 of Charities Act 2011. follow the procedures laid down in the General Dirertions given by the Charity Commlssioners (under section 145(5)(b) of the 2011 Act). and stats whether particular matters have come to my attention. BASIS OF EXAMINER'S STATEMENT My examination was carried out in accordance with the General Directions given by the Charity Commission. An examinatlon Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures In the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion Is given as to whether the accounts present a "true and fairf view and the report is limited to those matters set out in the statements below. EXAMINER'S ￿ATEMENT In connettion with my examination, no matter has come to my attention: (l) which gives me ￿asOnable cause to believe that in any material respect the trustees have not met the requirements to ensure that: proper accounting records are kept (in accordance wlth section 41 of the Act). and accounts are prepared which agree with the accounting records and comply wlth the accounting requirements of Act. or {2} to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Akintayo Ojo FCCA 46 Hollywood Way Erith Kent DA8 2QE Date: 2023 Page 8