The Redeemed Christian Church of God - The Chapel of Truth Report and Accounts 31 August 2022 Company Registration Number - 07773497 Charity Registration Number is - 1144150
The Redeemed Chrlstlan Church of God - The Chapel of Truth Report and a¢Unts for the year endod 31 August 2022 Contents Charlty Informatlon Tru8t••s' annual report Statement of trustees. respon51bllltl•s Independent examinefs report Funds statèments... Statement of financial activtties Movements in funds Income and expenditure account 10 11 Balance shefjt Notes lo tho accounts 12 13-20
The Redèèmed Christian Church of God - Tho chap of Truth Company Registrdtion Numb8f- 07773497 Trust88s' annual report for tho year ended 31 August 2022 Thè trustets plet Ir rekKt 8rKI oux)unts the yw endgj 31 August 2022, also compnses the directors. report required by the Companies Act 2C6. Refor8nc• and administrative detalls The ¢h•F7ty nam•. The legal namo ofthe (arity is:. Thg Rada Chnsban Church of GOJ. The Ch8W ofTnJth. The (tharrty is also known by its crerating namè, RCCG- The Chatl ofTnth. The ch•rfty$ •rn•s owath>n and UKcharfl•bl• r•glstr•don. The chanty is registered in EnglarKJ & Wath lth Ih8 Charty Cornmrdsw in ErrNJ & Wales ICCEWI vmh chanty number 1144150. Th8 charity d08s not Lwate in any overseas juii5dKJIor. L•g•l$lructure of the eh•iity The charity is constrted a8 a cx)rnp8ny limthj by guarantee, regtye(l underthe Conwanies Acts . The goveming docurnent of the charty Is the m8m0ndUrn arKI tid85 ofAssooats"on estsblishing the company under company legislation. The govemiry d(fflent is dated 01 June 21 The ar8 no restrictions in the goveming th01nnts on the op8r8lJn of Ihe Charlty or on Ms invesknent powers other than ImwJ5j by Charity Law. By op8ration o118W 811. trustee5 are direct(s uThJer Ih8 Comp2nk8s Act 2CX)6 and all di10r$ a trustees under Chariligs bgi5Lgts'on and have reSpsIbIlitIeS. as %Kh, under both company a¥vJ charity legislation. The tnJggs are 811 individuaL% liste(I tdw. Victoria Olubumi AVW" Ad8dotun Fagade Oluse9un Morakinyrj Akano Tho prInpaI opwatlng addr•N tsl•phone numbor. emall and wob addr•ss•s ofthè Gharlty 58 Ald%th Close Hornthuh. Essex RM124JX Telephone 07853359516 Email Addr85s RCcGCoTL¢kn Web 8¢Jdress RCCGCoTLondon Facebook: RCCGCoTLondr Th8 regist8red office ofthe charity ts C(xnpaniB5 Ad wrpwjsts i% Ihe same as the operating
Tho R•d••med Chrl$tlan Church of God- The Chapol of Truth Company Registrathm Numtser- 07773497 Trust$. annual report for the year ended 31 Augy$t 2022 Th• followino p¢rnons 8er¥ed as trusto•s durfno th• y•ar •nd•d 31 August 2022:. The trustee5 vtho served 8$ 8 tNStee in the Porng peri(Kl tre as $h(Ym atrMW8. 8nd ihere Te no chang85 duriNJ lh8 year, or perKA1 bemeen the year eThJ aNI Ihe approval of the accounts. Objects and acttviti•s of the charlty The pu4>0s•s of th• charity as s•t out in its goveming documenL The obie¢L8 of the chartty a.. 2. The rel1 of Jvety. It pursues Ihese obJ8cis by th8 ¢)perntith) ofa Chrtsban yshIp centre at The 19>211 Becontree Avenue Dagenham. RM8 2UT. It a150 organises s131 training and mentoring actiwties for the unemployed, people FAanniTrJ to slart their businesses and runs general infom8tion C8ntre lor the public. The maln actl¥llie5 undtrtaktn In relatlon to thos• purpow durlng th• yaar. Si9nrfunt acImt Ihat contr"buted to Ihe achieVen ofthese ot4ethes w8'. 1. Events org8nis8d during the year to the Chrtsban faith indje distribution of laafiets %Mth Chrisban m8S58ges, Oan1$1j deIrvernn seNces. all n¥Jht v¥Jils, sp8aal pray8¥S and Lxjunsdling. 2. Oth8r act'vtti8s to help raise the wofile ofthe Charity in thg Ir1 ¢u)mmunty indud8d picnKs. Mother5, Day and Fathers, Day CeletatIOns. 3. Specific act&S for Ihe relEfof pjverty are in the areas of lrniniro and mentorirrtJ ofthe unernployed to stsrt their rmn businesses and parvj pb inf(xmation to job seeker5. 4. The thanty dBthtrMJted 130 t(x85 of Chwi51wna5 hampw5 10 those in noed in the wnmunty whlch indudes families Idents in the hcmndess hostels of London tx)roLJgh of Barknwwj D8g8nharn at 8urUer Court Hostel MayetscM park 8dKd aTrJ the VI ywth tre. 5. To supFrf churth Memr5 and the LL¥nrnuntty during Pande[n perioxj. the d)uwch started 3 houdy prdyer daity lat 9am, 12n. 3pm, 6pm and 9rn1 to inlercede FeoFle's needs.
Tho Rodoemod Chrlstlan Church of God - The Chapol of Truth Cornpany Regi5tratiOFT Nurnber- 07773497 Trustsos. annual rnport for th• yoar ended 31 August 2022 The maln actlvltles undertaken during the year to further the charlty¥ puryjose for the publlc benefit The trustee5 have Cornpld the duty in Seciion 4 of ihe charl Ath 2W6 and pald due re9ard to PU1¢ benefft when preparing thi5 repl The bBnefrt pYsed to Ihe public is co$tent vAth the aims ol th& tharity in th8 Unit8d Ithngdom. The truste8s have had reg8rd to th8 Charity CorNni55NJn's guidawTh on Publ berwfft in managiNJ the acbvths of the Chty. Th contslbution of voluntews durlng Ihe ywr. The thurch is gTrt8fv1 forthe L¥rn8t arvj effDrts of its vclunteers invc4v&J in seNces provision. Th8 church has over 20 vduntew5 (xjrnmllt1 to Y>rking in variou5 d8partrHents w•thin the church. The church otinUeS io dispense th8 SWVKX of heads of departments and rninisters to 8nsure that the best valu& 15 dariwj from tha st8rfing efforts ol Ihe vdunteers. Grant making policies and how these ¢ontribut•d Ir the •¢hlwem•nt of the charltys alms and objectfves durlng the year. Grants are rnade to other charrtatAè txxlS. The ChUh SUFpNts missiry organisations suth as the Festival of Lrfe and the Wortd Evaryeltsm Mi%sth. Gwl street hospital chiklren's ch8rity8nd other mi&sions 8nd projocts %Mthin and outswje the UK. The Ghurth also ¥¥jeS supwrt to member5 01 the conurwJatJon lat the discretion of Ihe ITVSteesl are in n1. The maln achlevements and performance of the charlty durlng the yoar. The tryJ8t8es arg pK8as8d to report that Ihe thurth ¢xNrtinued to be 5ULX5slul writualty by ministering to many peOe in prayer aj td[e. The chwch imwoved in membership strength and is inixeasir4Jly reathww OLrt to th8 cornmunty. Structuroi gov•rnanco and managwn•nt of tho charlty Th• methods used to rKruft and appoinl naw charity trust80S. New trustees giected on th8 basi8 of lh8 c3JntribulJn that th•y*ill mak6 to tha govomanc• of the oryanisatxjn and the 5kn115 that theywll contrilNJle. They afy prtivided topies ofthe Chanty Cornmissvn's guKlarxx to trustees arKI given an inttudLKn to the aGINiti8s of charity by thè eyi5bng Board.
Th• R•doom•d Chrlstlan Church of God - Tho Chapol of Truth Cornpany Registration Nurnb8r- 07773497 Trustees. annual report for th8 year ended 31 August 2022 The charltys oryanlsational structu The LK)ard of trustees is head8d by a Chairman. the Swxotsry to tho trust and a FinaK3al secretsry. I the pr858nt employees of Ihe charry are voluntary Y)rker5. The bustees are resF1)nsie for king all deCiSS warding a1hJCat of fvELd atxl adi¥lS. Bankers Bardays Bank UK PIC I Churcill London E145HP Crcr•mw5e Conyjm Lld IA T¢yAfft Squaro Erith London DA81RE Aco)untants Flnanclal rnviow Th• charlty¥ financial posibon at tha end of the yearended 31 August 2022 Th8 finanoal posthn of the charity at 31 August 2022 arxl (x)mparalNes for fv peric¥J. as more lully ¢J8tai18d in the accounts. can be suMrnarl as I1¢ys..- 2022 2021 N•t InMm• 1.897 18.044 Unrestrictsd revenue fvTrJs a¥aable fc the gengr81 pu)585 of the c*arity 58.533 Totsl funds 58,533 Flnan¢lal rgvlaw of th• posltlon at tho reportlng dalg. 31 August Z022. Duriro th8 year, income of £55.812 I£XI.136 in 20211 was mainly r¥1¥ed as vduntary donatio. The net movement in fvnds for the as Sho in Ihe statement offinanoal ath"vitses for the period was £1.8971£18.044 in 20211. The valuÈ ol The Redeemed Christian Church of God- Chapel of Truth's ngt a888ts as 8t 31 Aust 2021 £60,4301£58W3 in 20211.
The Red8emed Chrfstlan Chur¢h of God- The Chap•l of Truth Company Regislr3kn"on Number. 07T73497 Trustses. annual rpport for the year ended 31 August 2022 Th• major rtsks to whlch Ihe charlty Is exposed and rnvlews and systems to mltigato them. The trustees have assessed the majcrf risks to vthKh the charity is eX[sed, in partitrjlarthose relate¢J to 0r8b0nS aThJ finan ofthe thanty. arKI 5atisfvJ IW system5 are in Pla to mikngate against exFX)sur95 to the major risks. l)etalls of th• InOepeEKlent examlner Nryi Z8ceheus Chartered Certified Acc¢xJntsnt 1A Town Square Erith DA8 1RE
The RedMed Chrlstlan Church of God - Th• Chapel of Truth Company Registration Number- 07773497 Twst•8s' annual report for th year ended 31 AugUSt 2022 Staternent of tha trustees. responsibilities The charitys tnJstees are Sponsible forlhe preparnti ofthe armunts in acCxydan vAth thè ternis of the Gompanies Act 21. the Charrties Act 2011 and the Charities (Accounts and Rep(xtsl Regulat'ons 2C4)8. Notythstsnding the explKit requirement in the exlanl ststutory regulation5.the ChaiFtie5 IA(fA)unts and R8P)rtsl Re9atnS 2(78. to pp8ffj financial stat8m8nts in accordance 1th the SORP 25, in ofthe fact that th8 SORP 2(K)5 has been vAthdr¥wn. the Tmstee$ deterrnined to interpt this responsibilty as ulring them to follow current b9St practice and prepare the aCunts according to the FRS 102 SORP Istaternent of RecommeThJed Prdctice for Accounting and RèportirMJ by Charle5) 2015. las amended by the Bullets"n ISSU in Octobef 2018 and applic2bJe to all accounb.ng periods beginning on or after 1st Jarbuary 20191, SORPI. In parb"cular. the CrynpsrN6s Act 2W6 tharity Lqw require the Board of Trustees to prepa fin8nual staternents for eath financgal sear gN8 a true and fair wew of the 8te of affairs ol the ¢hanty as 8t the end of the finanrjal year and of the surplus or defit of the charrty. In prepaAng th¢)se finanoal staternents 15 wuwed to:_ . to prepare ¢he acmints in ac£olarKe Unit8d l(mg(h)m G8n8ralty ApIed Acc(MJntirrfJ Practice IUnit8d AcwJntirvJ Slandard5 and applicatAe - sèkqct surtable acowntir4J ry)li(iÈs and apply them ccfflSi$t8Ty.' - rnake judgements and estimates that are wsonabl& and prudent.. - prepare the finanrial stat8m8nts the 9cng basi8 un18SS it is inappmKWte to presurn8 that th8 charity wll ti)nl?nue in t)usiness.' state lthether applicate accounb.ng stsndards and ststerllerts of recommend r¥actKe have tren sut4ect lo any rnatert81 depathjres disdo81 ènd eIlTred in th8 ststeMs'. The law requires that Iruste8s rn1 aprrn th8 arxxxmts unkn tw are s8ti3fi•J th81 th gNe 8 trne and lair wew of the stste of affairs ol Ihe d)arity and of the or deficat of tharity forthe year. Tha trustees are also resFx)nsit48 for maintainiTrJ adequate acCntiThJ rxyds lch disdose wth re8sonabl8 8ccura¢y at any the finanual ol the thanty and vthich ar8 suffiLyent to show and etyain the charitys trdnsaction5 and enaNe them to ensure that the finanual statements comply the CoMpanS Act 2006 8nd comply v•ith rÈgulalions rnad8 under Ihe chare$ ACL They a also re5rK)nsite for safegu8rding the assets of the tharity and lor taknng reasonablé steps fc the prevention and dètèction ol traud antt ow iwr8gularili85. The tnjstees are also Sp(Sit lor I1 contents of the tnJste85' r8FX)rt, and the statutory respon5ibilty of Ihe independent examwr in relat to the trustee5' re[ ig limite¢J to examlnirrfj the and ensuring that IhE fe of Ihe rerxrt there are no material iThxJnstenri8s %%ith Ih8 figur8s dk%dosed in the financaal slatents.
The Redeemed Chrlsllan Church of God - The Chapol of Truth Company ReglStral¥)n Number- 07773497 Trust••s' annual rnport for th• y•ar •nd•d 31 August 2022 Mothod of preparntion of accounts - small company provisions Th8 finanoal staternents are Set (NJt on pa9e5 9 10 12. The financial staternents have kYep8red Imements[a th FRS 102 SORP (statenI of Recomrnended Practice forA[xxnts.ng and RerKKtsng by charIts) 2015. las amended by the 8ull8tin issued in Octob8r 2018 and apKzts to all accounting periods beginning on or after 1st January 20191. IThe SORPI. and in aC(Xdan wth the Financyal RetM)rtrng Stsndard 102. leffective 1st January 20161 These finanaal statements have parj In acoydance 1h the prowsHJns in Part 15 of lh8 CL¥npanie5 Act 2006. applILIe to CoMnieS sutyect to the small (xmpanies win. This r8FK)rt Was apwOV by Iha bjard of Iwust8as on 2 May 2023. Wthri8 aubjnrni ATrj Director and tru$t••
Th• Rod••m¢d Christian Church of God - Th• Chapgl of Truth Report of the Indendent xamin•r to the trust•8S Ot th• ¢harttabl• company on tho aeeounts for the year endgd 31 August 2022 I rèport to the tNstees on my examination of finanoal statements of the charita8 ttpmpany on pag85 9 to 12 for the year ended 31 August 2022 whith have been Pared in acD)rdance thè Charities Act 2011 (the Adl and wth the Finanaal Reporting Standard 102, (effective 1st January 20161 as modified by FRS 102 SORP Islatement of Recornnwided PractK£ for AcmuntiThJ and Reporting by Charities) 2015.18s 8mended by the bulletin issued in Octobèr 2018 and applicabje lo 811 a¢¢oLJnting periods beginning on or after 1st January 20191. (The SORPI. published by the Charity Cornmission in England & Wales ICCEWI, and under the histonc81 ¢y)st (x)nvènb"on and the aco)unting policigs Sgt out on pages 13 and 14. R•sp•ctlv• r•sponsibiliti¢s of the tTusts•s and th• indop•nd•nt oxaffliner and th• basls of tho r•port As described on pages 5 and B, you. the charitae mpanI$ trustegs. who are also the directors of the company forthe purposès of company law. are re5kX)n5ible for thè pparation of the finanryal stslements in accordance wth the Companies Ac12006. the Chanbes Act 2011 and all other applicable law and wlh United Kingdom G&ner8lly Accepted Accounting Practi. applic8N8 to smaller entities. and for being satisfied that the finanual statements give a tnje and fair vi8W. Tha trustees consKler that the audrt wuir•ment of SectKffl 144111 of the Charities Acl 2011 {th& Act) dS not appty, and that thare is no requirement in the M8nK)duM and arb.des of the charity for the conducting of an audit, and that the accA)unts do r1 require an audtt in acy))rdance Part 16 of th8 Companies Act 2006 and that no member or members have requested an audit pursuant to Section 476 of the Companiès Act 2006. As a conwuence. InJste85 havè deded that the finanaal slatements be Subject to indep8ndent examination. Having satisfied mys8K that the finanaal statements are not required to b8 audited under any legal provision, or otherwise. and are elwJible for indepeThJent examinats"on. it ¢s my responsibilty to... al examin& the finanaal ststements of the tharty undèr S8thon 145 of the Act: bl floW the applicable prrrnlures in t DirBCth)ns gfjven by the Charity Cornmtssn und8r 58cbon 14515llbl of the Act. Basls of Independent ox•min8f8 stat•m•nt and scop• of work undertak I report in respect of My examination of Ihb ()antys financial statements carried OLrt under s145 of the Act. In (xrrying out my examination. I have ftllowed all the aPp4Wb1e Directions gtven by the Charity Comrrission under secbon 14515Xbl of the Act setting out the duts'es of an Irependent examiner in relation to the wnduth.ng of an independent examinalion. An indeperK19nt examination indudes a review ol the accounkn.ng racords kept by the charitsble u)mpany and of thè accounting systems employed by the charitsble company and a comparison of the finanLial stslem8nts presented those cOrds.11 also includes consideration of any unusual items or dL8dosuros in the finanaal statements. and seeking explanations from you. as Trustè8s, conceming such mattW5. The purKK)se ¢)f th8 èxamination is to establish as far as possible thal there have tX8n no breaches of charity legislation and that. on a test basis of evK19n( rthant to the amoLmts arKI disdosur85 madè. thè financial slatements o)mply wth the SORP. The procedures urK1ertaken do not provide all the evidenc* that woukj be required in an audit, and information Suppl by the Trustees in the wursè of the examinat is not subjected to audit lesls or enquiries and do85 r1 (x)ver all the matters that an auditor would consider in arriving at an opinion. The planning and cy)nduct of an audit gces twnd the Ined assurance that 8n int1ependent examination can provide
The Redeemed Christian Church of G(Kl - The Chapel of Tnrth Cons8quenUy, I do not express an audtt opinion on Ihe wew given by the finanual ststements. and in particular. l expres5 no ownion as to whether the finanual statements give a true and fair vew of the affairs of the chsrty. gnd my repDrt is limited to thè mattèrs set out in the slaternent lOw. I planned and performed my examination so as to satisfy my3elfth8t the obFdives of the independent examination a a¢ieved and before finalising the rèport l obtsined written assuranrAs from the Trust885 of all material matter5. Ind•p•ndent examinerfs statsmon( rnport and oplnlon Subject to the limitations upon the w of my as detaibj atKJve, I have complgted my examination.. and can tonfimi that".- The accounts of thi5 charitabk (xjmpany are not requirpjj to be audrte¢J Urer Part 16 of the Companies Ad 2006,. This is 8 rèwrt in respect of an examinalion carried out under 145 of Ihe Act and In accordance wth Dir8ctions givèn by the Charity Commission under seckn 14515Mbl of the Act which may be applicable.. and that no material rnatters have come to my atten1V in u)nne(knn the examination gNing me cause to believe that in any material respect=_ aGcounting records were not kept in re8pect of the charity #s required by Seth"on 386 ofthe Compani8s Act 2006 and Section 130 of The Charilies Art 2011.. the finanryal stslefflents do rK)t accord vAlh te r$.. or the finanrAal statements do not c£)mply wtth the applicable requirements conceming the fonn ar content of accx)unts set out in se(knn 396 of the Companies Act 26 other than any Tequirernenl that the accounts give a Irue and lairf view. not a matter considered as part of 8n independent exarnination.. have not been prepared in acLXIT(18nce vth th8 methods and prinuples set out in the FRS 102 SORP IStat8mènt of Recornmended Practice for A(xx)unb"ng ar R8POrting by Char[ti) 2015. las amended by the Bulletin issued in 0¢ber 2018 and apFlicable to all accounting perKtyas beginning on or after 1st January 20191, (rhe SORPI. I have no concerns and have rne acr¢)55 rK) oth8r mattèrs in connath.on with th8 examination to which attention should be dr8wn in this r8[( in order to enable a proper uThJewstandiThJ of the finanryal 8t8t8m8nts to be reached. heus- dependent examiner Chartered Certified Aoxxjuntsnts 1A Tovm Square Erith London DA8 1RE This report was sign8d on 2 May 2023
Thts R•deemed ChrlstSan Church of God - The Cha1 of Tnrth- Statement of Flnanclal Actlvltles for thg year ended 31 August 2022 ststern¢ht tsf financlal actlvlt6os Ilncluding the income and •xpBndllur account for the year•ndod 31 August 2022. a5 WBqulrnd by Companles A¢t 20061 CunI year Current year Unrg5trictod Restricted lund5 frJnd8 2022 2022 Current year Total funds Prfory8ar Total fvnds 2022 2021 Income & endovrnents from: Dcfflath?n5 &18g8UaS 55.812 S512 50,136 Expenditure on: Ch8rit8b18 actMtse5 53.915 53.915 32,092 Total •xp•ndMur• 53.91S 53,915 32.092 Net Incomo for th• y••r 1.B97 1m7 18.044 N•t mowèment funds 1m7 1197 18.044 R•eoncl1la0n offvnd8:_ Totsl fund• brought forwaftl 58.533 40.489 Ttstsl lund8 carrl•d fop•rd 60,430 SB.533 The'SORP Raf indKated at#J¥e 15 the c4a5sikn of irKxJrne set oui in Ihe f(rfNd SOFIP doolftTrts. As required by paragraph 4.80 ofth8 SORP, Ihe t¥wM forvrdryl and fl¥a fts1$ atK)ve ha agr88d to the baL4nce sheeL A separate Statement of Total Re3n8•j Lc6se5 15 rEqUir1 a5 IIw5 sts1&Tnt indudes all re(x)gnIS gains kn8888. Ai the prior year transathns re unr88trktsJ ttems. aTrJ Tr) fijrttwandyw is ]u$r8d Al 8ctiviti8s d8riv8 frorn (x)ntinuing operabons The Redeemed Christian Church of God- The Chwl of Tnrth- Rèsources appllod In th• y•ar •nd•d 31 August 2022 towards fixed assets for Charrty uso:. Funds generated in Ihe year as detail in tr SOFA R8sourc8s appl on functK)al fixed awts 1.897 18,044 14,3981 Net r080urc•5 avallablo to fund charftabl• 11¥1 1.897 13.646 Tho not85 attarb•d on pow 13 to 20 forni an Intsgral part o1th05• accounts. 10
Th• R•d¢mgd Chrlstlan Church of God- Th• Chapol of Tnrth- Slat•m•nt of Flnanclal Actlvltlos for tho y8ar endod 31 August 2022 Mov•m•nts in rnv•nué and ¢apital funds for the yèar •ndad 31 August 2022 Rvvenue aG¢umul)t¢d funds Unr1cled Restricted fund8 funds 2022 2022 Total lunds 2022 Last y•ar Total fvnds 2021 AMUlated funds brought fcthv 58,533 40.489 Recognis8d gains and Ic£s8s bef(Ke transfers 1.897 1.897 18.044 60.430 58,533 Clo8lng revenu• lunda 60.430 60.430 Summary of funds Total funds Last Yoar Total funds funds Design•ted funds 2022 2022 2022 2021 R8V8nue Mutated funds The Redaèmod Chrlstlan Church of God . Th• Chapel of Tnrth Income artrd Expenditure Account for th• y•ar •nded 31 August 2022 as requlred by the Companies Act 2006 2022 2021 Incorne Income from operati 55.812 50.136 Gr088 Income In tho yoar boforn •xcepllonal lloms Expend11 55.812 $0.136 CharItae axp8nditure. exdudiny arn1 DeprelYatn and arn(¥bsthon Governen (x15ts 51,558 1,757 29,722 1.757 613 Tolal oxp¢ndliur• In the year N•t Incor b•for• t•x In th• flnarKlal y•ar 1.897 18,IW Retalned surplu• forthe financial y•ar 1.897 18.044 l ackn"wti"es denvg from ¢tinUIng cfffilK)ns In &cc(KdanGe the pmMsM)ns of the cornp8ns Act 2(. the hewjings aryj 5uithding5 used in Ihe irKorne expendfture accujnt hav8 en adapted to refiect Ihe 5peThal nalure of the Eharity5 aLvibes. The not88 attached cft pw 13 to 20 fomi inlewal ofllwe a¢¢xxH)ts.
The Redeemed Christian Church of God- Th• Chapl of Tnrth - Balance Sheet ¥$ at 31 August 2022 2022 2021 Fixed asset¥ Tangl1& assets 2.&fj7 4.614 Current awts Cash at bank and in harKI 58.273 54.619 Total ¢urr•nt awts 58.273 54.619 Crgdllorn= amounts falllng du• wSthln one y•¥ (7cJI (7> Net eurrènt ass•ts 57,573 53.919 The totsl not a55ets tsf th• charlty fjOA30 58.533 The total not assets of the ¢harlty arn lund•d by th• fund8 ofth• dwlty. as follows:_ Resirl¢t•d funds Unr•stricted lunds Unrestricted revenue fvN1s 12 58,533 58.533 Deglgnated fvnd• TO¢ ¢harity fund• 60A30 58,533 For the year ending 31 August 2021 the o)mpany Wds 8ntiUed to exemptwx) lrt¥n Jdit uThJer section 477 of the Companies Act 2006 reL8bng to srnall cOmpans. The rnernbers h8ve not requir1 th8 Ltsnpany to obtain an •Ait in aldance vilh 476 of the D)mpanies Ad 2C(6. The director5 ackno%e(lge thwr pOnty for vAlh the requirenwts ofthe Act with r88pect to aCLnbj rec£)rds and for the preparati of acwinls. Thtrstr 8ccounts h8ve been pared in accrthnct vnlh the provisn5 aWi(xblw to (lpnie bject to th8 small compaThss Victtsna Olubunmi Awjiobi Trust•elFlnan¢lal Secrgtsry Approved by the board ol twstees on 2 May 2023 The notes attath8d on page5 13 to 20 an integr* pwi ofth869 aoxunts. 12
The Redeerned Christian Church of God - The Chapel of Truth Notes to the accounts for the year end 31 Aygu$t 2022 1 kncounting poli¢ies Polkles relatlng to th• productlon of the a¢1 Basis of preparntion and accounting Gonventio The ac4xunts have been prepared on the accruals ba$. under historiral wst convenbon. and in ccordan¢x the Financial Reprb'ng Standard 102. leffthe 1st January 20161 and'FRS 102 SORP ISt8lem8nt of Recomrnended Practice for Accounting and Reporting by chants.esl 2015. las amènded by thè Bulletin issued in October 2018 and applicab to all aUnts.ng pencY$ beginning on or after 1st January 20191, ITh8 SORPI. published by Ih8 Charity Ccfflmi5sion in EngL3nd & Wales ICCEWI. effective January 2016. . and in aC0)rdan wth all applicable law in ts tharity5 jurisdiction of registration, except that the chanty has prepar•1 the financial ststements in aCnydaTh with Ihe FRS 102 SORP IStat8rn8nt of RecoTnrnended Pra(ce for Ac¢ounbng aTrJ Rekthng by charits.esl 2015, las amended by the Bulleb"n issued in October 2018 and apicale to all teginning or afte¥ 1st January 20191, (The SORPI, in pref8rence to the pr8ViOU5 SORP. th8 SORP 2CQ5. has been ¥rilhdrdwm. nthrithstandirrfJ the fact that the extant statutrry regUlatiC5, th? Charl5 (AlOUnts and RewKtsI ReguL4lK)ns 2C)8 f8r explicidy to the SORP 2005. This has been done to &xJrd wnth DJrrenl best practs¢e. Going concem The charitabl8 ac$ are entirely depthx1ent C txntiTruir8J grani ahl and vduntary donatiorts as well as trading revenues. As a consequence. the gtyng ¢¢yKem basi8 is dependent on the firture fflow of these n(rtain fundiThJ str8ams. AcoydiThJly, the truste8s have obtained for¥Sts aThJ, after reviewing the finanual forecasts for futurtr per¢thJs to 31 Augus¢ 2021. the twstees are satisfied thaL at the tirne of appwry Ihe finan081 stat8rnents, it is appropriate to adopt the going £rn ba515 in prepaiing the finanual 5tstements. Other than these rnatter5, the trustees ate not avAre of any malend Unrta"nrtes about the chariws ability to eontinuo as a wng ts)ncem. Rl$k$ and fLrtur• assumptlons The charity is a wblic entity. Policies relating to cal8gori85 ofincome andincomp rBwilion. Nature of in¢om• Gross Inco r8pr8sents Ihe value, net ofvalue added tax and disc(Jnts. ofgcojs pmw¢Jed to gjstomers and rk carried cxJt in spe ofwwces provklèd to toMrS. In¢om• from •x¢hang• trons0c1io ts reCed by the drity for wls or 5ervic88 5uppli8d und8r contrdct or wher8 entrfement is subJErt to llIng perlo¥mance lated o)ndthns. The income the Charity re$ is approximately equal In value to the g15 or s8TrirAs suppli&Y by the charity to the purchaser. Ineom• from a non4x¢hange transactjon is vkn8r8 the drity yu8 frorn th8 donorvithout providing equal value in exchaThJe. aThJ Ind donati of mc)ey. g(Kts and flY gwen vth)ut gwing equal value in exchange. 13
The Rgd••mod Chrlstlan Church of God . The Chapel of Truth Notes to the accounts for th• y•ar ond•d 31 August 2022 Income Tecognltlon Income. ether from exchange nDn ex¢harvJe transacnS. Is reo>Jnised in the ststernen¢ of fin8nti81 activities ISOFAI on a rec8Nabl8 basis. en a trartsaCn (x other 8v8nt IB5uts in an increase in the ch8rity5 assets or a reduction in Ft5 liabil.&$ aThJ cx)ty cthrrty ha5 legal entillement, the ino)m8 probable and (an be measuf&J rellay. Income subject to terms and o)ndibons %vhKth must mèt Ortr the charity is enti lo the resou5 is not ranised until th8 conditons have been met AJI in(x)mè is acc(n lor gross. before (JellTrj relaled fe85 or LY)Sts. Pollcles rel•ting ts •xp•ndllurn on goods and s•yvlce8 pmvld8d to the charfty. Voluntsers In accordance wth the SORP. and in reccJnthn of the difficAJlb8s in rAaaTrJ a rnonetary value on the contribution from vdunt8ers, the contributs)n of vdunlws is rKJl indUdj wthin the I[ne of the chanty. H¢)wever. the trustees value the snrf3t (x)ntribulwJn made to the athibes ofthe cknarity by unp8KI vdunteefs and Ihis is d8scribad mc¥e fully Sn Note S. Polkl•s rnl•dnq to sets. Ilabllllies andwDvlslonsand oth•rm•ti Tangib18 fixod assets Tangible fixed assets a me85ured at Iheir original cast value. orsubsequenl revaluation. or rf don8t8d, 85 descnbed above. Cost value indLMl8s all costs eXpendj in bn"roirKJ the asset into its intend8d M)rking txjndition. DepaOn has been pro"ded at Ihe Idlry•¥iEVJ rates in (K¢ler to wyrte off Ihe assets to b)eJ'r antiThpated resiyual value over their estimated useful Iiv8S. Buikling- Church refurbishmenl Offic8 equiprnent FUmitU and fittsThJ$ Musul instrument 12.50% 5trawJrt line 25% Strahl lir 25% strdwJht line 25% straNJht linè Dobtor Debtors are measured at Iheir rer))vwth ar¥wJJnts at the ban sheet ijate. c1101¥ ond pro¥l8lons Short tenn Cor$ are rneaSurl at transac price is usualty the invryce pri1. Loan5 and other finanual liabile5 are inrtolty re(x)gnised at traft8act price n8t of any transaction LX)5ts and subsequenly m8a5ured at amcfflosed ct>st sjetenn¥u usiro th8 eti¥8 inter85t m8thL%I. Fund a¢untIng General funds are unreri(led furnls a available for use al the dis(xebM of ts InAst88s in furth8r8nL¥ of the general objeLves ofthe thurr and thich have Trjl b89n dgsvwatgd for other purposes. Restricted funds are ftJn(Is are to te [1 in &(rdance with speryf restrickn by doMrs or whth have b&n raised by the chltrth for parbcular purpLEe5. The ulsts of rai8irg and administering such funds are charyJed again$t the SF*ofic fund. The aim and use of each restritsd fund is 58t out in th8 note5 to the financial slatsnts. There ar8 fK) 8rKY)8nt funds. 14
The Redegrngd Christian Church of God - Tha Chap81 of Truth Notes to the accounts for the year ended 31 August 2022 2 Liability to laxat5on The tru8¢ees Consider that the Gharity satisfffjs the tests set out in Paogfaph 1 Sch8du18 6 of the Finance Act 2010 for UK cx)rp(rdtion tax purtM)ses. A0))rding, the tharity is kntiallY exernpt from taxation in respect of income or capital gain5 recgNed wthin categories o)vered by chapt8r 3 part 11 of the corporab.on Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the extent that wch incorrE or gains are applied exdusNely on the specffjc charitatle objects of the dHrity and for no other wrpc6e. Value Added T8X Is not recoverable ty the chanty and is th8r8fore irKaLthJ in th relevanl costs in the stater¥t offinancKal 3 Imndlng up or dls8olullon of the charlty If uwn wnding up or dIti¢ of lh8 chanty rna1n any assets, after the satisfaction of all debts and IK8biliti8S, th8 assets represented by the atxumulat8d lund shall tsansferr&J to s(Kno other rharitable bL¥ty or tJ)dies having similar objects to the charity. 4 Net surplus bthirB tax irt th• financlal y•ar 2022 2021 The n8t surplus befNe tsx in the financaal y8W 15 Slated allerthar9fWJ:" DèpracAat of 0ed fixed assets 1.757 1.757 5 Th• contrIbUtsn of volunteers The charity depends on the suppcfft of TL5 ¥dunt8érs. thh is rnh apweuated. The ¢*urd) is grateful for unflinching effort5 of its volunteer5 are invdved in s8rvice pS1On. office hork and administration. It is 8Stirnated that over 6840 volunteer hwr5 re prOde¢j during 2021. The arrangents 1th v(Aunteers a drfficult to value preosety In rnonetsry terrns and have not been recA)Jni98d in th8 Stat8ment of finanoal activ¢$. The VL4unteets aThJ Ihe aoxpt and agr8e that conlract of empwient is rxeated by these 8rr8ngèments. 6 Bulldlng- Church r•fvrbl$hment Total of valuat5on and Go¥t Total of At cost valuation 2022 2022 2022 2021 Cost At 1 September 2021 57.092 57,092 57,092 At 31 August 2022 5T,092 57.092 57.092 At 1 SeptetnLw 2021 57.092 57.092 57,092 At 31 August 2022 S7.092 57,092 N•t ljook ¥Jluo 15
Tho Redeemed Chrlstian Church of God - The Chapel of Tnrth Notes to the accounts for the year ended 31 August 2022 7 Tangibl# fixed assets Cuffeniyear Office Fumlture Muslcal equipment and fittings in•trument T¢)tal Cost At 1 September 2021 AddOn$ 6.1 3.153 16.799 At 31 August 2022 6.196 16,799 D•pr•clatlon At 1 September 2021 Charge for the year 2.897 1.099 12,185 1,757 658 At 31 August 2022 2.496 13,942 N•t book value At 31 August 2022 657 At 31 August 2021 1,315 4,614 8 Cr8dilor¥: amounts falllng due wlthln on• year 2022 2021 Other crgdito 7(Y) 700 9 Incomg and •xp•ndIr¥ account summary 2022 2021 At 1 September 2021 Surplus after tsx for the ye 58.533 1,897 40.489 18.044 At 31 August 2022 60,430 $8.533 10 Partl¢ulor8 of how partl¢ularfund5 *r• mpnted by assèts and Ilabllltl8• At 31 August 2022 Unre8trlct8d Ots1onat•d R•8trlct8d lund5 fvnds fvnds Total Funds Tangle fixed awts Current Assets Current Liabilthe 2.857 58.273 (7CQI 2,857 58,273 17001 At 1 Sept•mber 2021 Unrnstrl¢ted Designat•d R¢$tricted funds funds fun41s Total Funds T8ngitrAe fixe¢ assets Curr8nt Assets Curr8nt Liabil"e9 4,614 54.619 17CKII 4.614 54.619 17001 58,533 58.533
Tho R0dMed Chrlstian Chureh of God - The Chapel of Tnrth Notes to the accounts for the year ended 31 August 2022 11 Change In total fund8 over the year shown in Note 10. analysod by Indlvldual funds Funds Transf• Fund6 brought btheen carrf•d forward In funds In lunds In forward to from 2021 2022 2022 2023 Se• Not• 12 St• Not• O Unr•strldvdand designa18d funds... Unr8strI revenue fvnds 1,897 60.430 Total unr85tr1ctod d19n*t•d funds 1.897 60.430 Restrfthd funds... Total rnstrlthd fvnds Total charfty funds 58.533 1,897 60,430 12 Anaiygls of rno¥ernents in funds o¥•r tlw year as Showm In Not• 11 Incom• Exp•ndltur¥ galns & sses 2022 Movement In funds 2022 2022 Unrestrleted and deslgnal8d funds."_ Unr8Stricted revenue funds $5,812 153.9151 1,897 13 R•lat•d F>Jrty transaetiong The Red88rn Chrisuan Churth of GrAI th8 main he84art¥S of all RCCG thu¥ch branches. During the year, the ehurch pa Insul.0nal grants to other RCCG cwJanIsabS as th8 Wortd EVangts1 Mission IWEMI and Centsal Office Fund ICOFI as ststed in Ihe arAx)unt. 17
Tho Rod8•mod Chrlstlan Church of God-Tho Chapel of Tnrth Dotall•d an•ty¥is of In¢tyw •nd •xp•ndOlurn forthe ywr ended 31 August 2022 ¥$ requir by th• SORP 2015 14 DonaWon¥. gr•rts and CuTh•nt y•4r CuvvJnl year CurrFfit Prlor yoar Unrestrlctod Rèltrieted Total fvnds Tot•l fvnds fiJnd8 2021 2022 Donatlons and glfts from Indl¥ldual& Small (k)nations indU81Ie8 than 55.812 S512 41.m T¢xal dall0 and gbft fr¢xn 55.812 S512 50,1 15 EndUr• •rt thathabl• a¢tMtlM. dlr•¢t wKllnq Unr•strl¢tod Restrfcted Totsl fvnth T(tsl fvnd• funds frjnth 20Z2 2022 Welfafe Visiting rninistws Mu5 3.772 2J18 4.97U 4970 Total dlr¢cl ¥p•ndlng 9.527 Ilnr•strfcted R•#trfcknd Total fun fund• Total nd¥ 2022 2022 2021 Grants made le indwhluts Grants mede ta rantIOr S,905 11B33 9,144 Y.765 12.833 Tot1 granbmklng cost¥ 18,730 18.n8 18.909 18
Th• Red¢emod Chri5tlan Church of God-The Chapel of Truth D•t¥llod analy¥l8 of in¢om and expoThllluTh frthe year ond8d 31 August 2022 45 requirTd by th• SORP 2015 Currert year Current year Curreffl year Unr•cted RMirf¢le¢ Total funds furtth fund urnent Y Wortd Evaryelistic Mk8shJn RCCG. centr 6,297 6.136 6,136 Provinr 12 17 sUpportts forcharii•bl• •thl¢loA Cwront yr Currnrrt yfar Curvent yar Prlor year unTtr(d Re8trld•d TotHI funds Tot•1 fur fund 2022 2022 2021 Premises Expenses Flat8s and vrJlerthary8s Rocrn Hire 1.2 12.282 1250 12262 Admlnlstr•Uv• oY•rlre•ds Telephone, fax and intemet Postage ststionery antl printi Conf8r8nee & events Trdv81 and SUbten AdVeThJ and rnarketing IrwTrn &JndryexFwws Equipment eXpered Rn8nclal costs Bank charg85 DewÉtiain & ArrThbsati(Ni in 795 2 S283 1225 1,225 311 1.537 1.751 1.751 1.757 Supwl ¢wts bDfr¥r• Mlloc•tlon 25,050 25,050 9.112 Total co. cun•nt ymr 25.050 24050 9.112 cur[rt y•ar Cuvrvrf yoar Curr•ntyw Pvlor y••r Unr•strictqd R••trithd Tol•l fvnds TLal funds fvrK 2022 ZD22 IependAnt Exa8 fee8 613 613 19
Tho Rodgern•d Christian Chur¢h ol God- The Ch•ppl of Truth D8taSled anity¥i• of Incom• and expl1rtm lorth• ywr ¢ndqd 31 tyst2022 u r•quir•d by tho SORP 2015 19 Total chariiabl• •xp•nthturn Current year CunBnt yèar C81rt year year Unrvotrlcied R•strfctod Total fvnds Totol funda fund 2022 2022 2022 2021 Total direct sFending Total sUPlYJrt costs Total govemartt costs 9.527 9.527 2S050 9.112 613 Totsl charftsbl• •ypondlturn 53,915 53.915 092