2023-12-31-accounts

THE IWEEMED CI•J8T14W CHURCH OF GOD PRAISE Clry TrUSTEE8' RePC*T ANO A¢CCIJNT8 YEAR ENDED J1JT DEGÈMOÈRaOZJ CHARrrY REOi8TrITI314 140.. 1141132

TME ReDeeMED CHRISTL4N CHURCH OF I￿￿ PR￿sE c￿y FINAIKLAL 8TAT£MEIIT8 YEAR eNDED 318T DECEMBeR 2023 PAGe LEGALAAO ADMINISTBATIVE INFORMATION IIEPORTCF THE TRUSTEÉS REPORTOF THE INDEPENDENr EXAMINERS 6TATEMeNTS OF FINANCLAL ACTivmÉs 8ALANCE SHEEr NOTES TO THE FINANCLAL STATEMENT8 7-10 INGOME AND EXPENDITURE

THe RÈDEEMED CHMSTIAN CHUIICH OF QOD PPA18E CITY LEGAL ANO ADMNSTRATIVE INFORMATION YEAR EKIED 31ST DECEIABER 2023 CHAAITY ReGI$TPATION NUM&EA.. 1146132 REGISTEREO OFFICÉ.. 36 Loui8w40 Awnu• ME7 4EJ TRUSTEES". 0￿￿11￿ Atdooun Chilety 01o¢e A￿￿8￿01• Thmothy oyin Od&w41 PWOR IN CHARGE Olwrw•iu ACCOUNTANT N•w B￿￿￿A￿￿￿t•rnIj Lld ett4rlllU & Bu•ln••• CwUI* Att￿￿¢•n 4148 Hylhe Swwt D•rfford K•ni DAI 18X

THE REDEEMED CHWSTi4N CHURCH OF GOD PR418E crry REPORT OF THE fRUST£E5 YEAR ENDED 318T DECEMBER 2023 Tho tNoteo0 prwni r4wtViith thD nnancial otsLqmqnt8 dlhe chlrlty forlhq >••r£nd•# 31it Dqcqmter 2023. Th t￿¥10￿• havo #d¢pwd thè pro￿110n￿ of lh• ol Pra¢1￿ (SORP).A￿￿1Iry and Rep￿ry by ChwrlI￿•, In 2005. REFERENCE AIID AOMINISTRATNE OETAIL8 36 Loulsvll• Abwu• Gllllwham ME7 4EJ Trusl••i Ablthyun Ol•il•n Chri•ly 01￿￿ 0&￿¥•k? AorAaffjc4a TIM￿TrY Piiior In ghDty• Olinrwi4lu Jad d•p•nd•nl •xmln•r Wunml Shlll•. FCCA N•w 8Dnd Accounl•il¥ ChirlU•• & 8wilnebi c￿1n￿d A4tAYJn￿ 4&ea HWh• $tr•ot D•rtlryd DA1 1BX STRUCTURE, GOVERPI4NCE AAD MANAGEMENT Q•wrnlng do¢um•rt The chllrlly Is cOnlrDII￿ by uvnFnin9 thxurn•nl. H dmd of Iru•t cW•d Jwuiry 2012, •nd e4)nSlilut•¥ w UnlnMW•t￿ chanly. Tho Chureh re¢v8d chrfiy atAlu• an th• 28th February 2012, 11 IB m8nwd tsy ¥ board ol tru￿e? and8•8￿100 by. 8 Pa•iry wfio18 tho Mlnloièr In ¢h8r Tho p••lw Ihg pww h ¢h•r9e of tho chuf¢h lo cvrywl ￿•d#Y its dty M8n•9￿￿] 8nd runnlng ol th• Church.H• li ap￿]10d by • t•8rn of mlnlsl•is iowhom ￿1￿1￿￿1111•S ¥• Th• plljlora￿o meem vhth iThe m•mb•rnof the church FJ•rd cl Irusiteb ltyd Il•lJe regulNL¥wllh Ihe thom ￿ ¢ruci m8lWS. Rl•k m•n4g•m•nt Tr•iru$i••i 8 ¢uty to Id8DUfy ind rl8ks 10 which thèehirfty& •yw•d th￿l0•nILlr• •[w¢1￿• •r• ID ￿1¢￿ ￿ yrmdts ra•wnablt ètsSuran¢e8ga￿sI Irabd errN. R•••rv• Wley rh•TfUSI8•S 81rn lo rel8ln wlficionl lrno re￿￿•1 Ot 4 ￿￿1￿h￿b 4gUth•S to a mlnlmum ol Ihrw rnonih unrnlllrlct Owndlturo. Thes• 4ra r•tsln•d In lowsuro lh• Chutth cin ma•1 CC¥)Trmiimanls and providè its sw￿¢•¥ and

THE REDEEMED CNURCH OF ¢30D PRAISE ciry RepoRT OF THE TAIJ8TEe¥ YEAR ENDEO 31ST DECEM8ER 2013 OWECTIVE8 ANO Acnvme8 Th• Ch•rllfo Obl•cii ar•: . Th• W￿￿￿￿mIni d ThChthI￿ lah wr￿￿1￿8, pir4i￿n&1￿W 10 prindpth d mority, •v(1￿C+9nd Chily. Pr¢4¢hkng th¢ Goswjl cl J•w$ chr￿t. - To kn•nc• anLI wnygw¢r Ihr¢W ¢hri•Uan pMn￿￿oS. PioTnoto B he￿￿hY Iileaty10 loc￿1 mombw& 4nd Ihe crrfnrnun - Ptrrfeny ￿•11Y •ndJ4rs#ts Flvn¢l•l r•¥l•w Th• ChBrily'S I￿￿￿¢￿1 8ta¢•rn•￿ Iu lh• bw •nW 31 D•r4rnbw 2025 shtr¢48# iUlFIui In Iuhdl d É66J1 12922.. £358511 Unr8iincttraf•J•Mi 4191 D￿eM￿l 2023111£117031,12022.. t6.0731. STATEMENT OF TRUSYEES RÉSPON818IL￿1ES Th• IiuJiws urè iatswJDtsItrAlur Pl4Pdfinii Ihe RopLYt ol lh• Tiusiwd •nd lh• t4n•Thc￿ ¥t•m•ni# h o¢¢tydwt• with Flicth¥• I￿ unrt￿ Kln•S)m Acwjniity Iunlmd KIng￿ ￿er•I￿A¢C￿l•0 Arctyjnllno Pr&iic•l. Th• l•¥tWaL4• ¢o¢haiiii•s In Eiigland #now￿￿. lh• chjriii￿ Ad 2DI l. ChBflty IAGcovni¥ 4nd Rfwi&l Ra9ullliionB zrrf)8 Iho plow31￿9 d Iho Iruit de￿1 Ftyulr•u Ihe Itii•ti Iv I}￿¢￿ $tpi•rn•ni$ l(x IinHncil v• • iiu• •nd l•lr w•w d lh• ¥i•t•of 411411$ ol eh•riiy•ndd th• Incominq I•￿J1¢# and4thli¢&1i￿ ol r•ttrJi¢M. Induding th• Incoffi• wonthlUl, rA Iho ch￿lty Iu Ihal wiifxl. In w•pBrlno Iho¥e IIDwd•i sioi•mwt6. lh• Iry81•8• 4rts I￿8¢1 5uIt8Ul• ¥cLwnii¢iu Iheii ￿p￿V ihem cong1gwniiy-. ¥eiv8 fh• mwrLthts andwinc1￿￿ In lh• Chailly SOFIP.. m¥ke iud9omen15 8nO B8t¥noieJ Ih818t• r•athabkn #rbd prvd•ni. PTepw• Iinonao1 $1418m•ni5 OD lh• oc¥ng cw¢•in b•&l$ unitsi Il rd Iny(owl•i• tvprvLYn• Ih•i Ih•CMriry WIII cl￿11￿￿0 ￿ bJ¥iDB¥y. Th• liv51￿$ Br4 rosponilblo lof keeplng pioper ¢wnllhg wth￿h dK8clcBe wlih roBgonRtA• accuracy ai any Ilm• lh• Iln•n¢4l posit1•) ¢1 Ihe chaiiiyand 10 en1￿9 Ihom to w3ur• Ihai lh• IirbBnCi￿ st•t4rnenL4 ¢0m￿¥￿Ilh th• Chaiil• A¢i 2011, iThèCh¥rily IAG¢wni& R•wriBI 1l0guiwiiL¥IS 20￿ lh• th8 Itv$t 40•0. Th•y •r•su iow$4bl• loi 54ltyuordlnG lh• u?•is d Ihp ¢h•rMy Bnd hen¢• IOT tlklno It4stsn•¥40 gtip lor Itt• prMNkn 4ndd8ieciiw d liBud 4nd Dthor lireguI8FIli&6. Old bEHALSOF fiiE ￿ARD.. A¢couffi•ntA Th• account￿1￿. èondAc¢vJntknl8 Lld w￿1 06 pfOrN)9￿ loi r+•Fvc4him•hi It th• loith¢omin9 Annu G•nwil M¥iin9 OP4 èEWALF OF TN£ OOARD.. 01￿14 . Yrustqe *.TIOl7ol+

THE REDEEMED CHRi8n4N CHURCH OF IIOD PRAISE crry REPORT OF INDEPENDE1￿ EXAMWERS YÈAR ENDÉD 31ST DÈCEMBER 2023 I f•wt on tho ac¢wni• lu th•>wr w¢•¢ 3111 DK￿b￿r 2023 cn liwa to1￿. R•p•¢tlw r•ponilbllltl•• ol tr￿tI￿ •nd •x•mln•r Thg chHritlll 1fusle￿ IwhD pl￿the dir•GlU$ Iho wipoJe¥ of Iwil •r8reswn¥ibk• Ihg tYgP4r•¢kn th• acwnis. Th• chadV8 IIu818O5 Cons￿•[ iThai su￿1 Is wulf•d forihis lundoi S￿Il¥) 14412101 Ina ClwAh$ A¢120111th• 2011 A¢lll and th￿an ffl•n4ani èpArninaUon l• req￿rI¢. 8vinu ¥aiisflqd niy¥¥ll th•1 tyi• charlty ia nd w4•¢1 to udll und•r ¢4yn￿nYl4￿ li 4lglt4• for Ind•wd•m •yAmln&lkn.11 l& rny r•spwiit41tytr1'. . eyJJmlne the •ccounta unthr se011￿ 145 d th• 2011 Acl - 10 the prOc￿￿re dtrwn lth tha O•n•Ya Dlrbon•Wwn by th• Charfty Commhikl) SoeU¢h 14515Kbl ol lh• 2011 Adl., •nd . to It•t• mthr• hw• ¢m to my •tt•nlk￿. B••l• ol th• Ind•p•nd•nt •xbmln•r'• r•pDrt My 襣minAtion was ca￿1$ oul In aCc￿d￿n￿ wllh th• G￿•rnI ￿rIcE￿• ghn CwyCOrnrnli•￿n, e>Amlrtalicn IndudeJ i rewith of Ihe K￿ntIng records kept by the ch￿tY a ¢omwdI￿ of Iho ttttounll We￿•d wlth Iho88 f8cNd8.118180 I0￿ud•S ¢M64d6r811ffi 018ny unusual th5do8vreB In Ihe a(tNnt8, ano M8klno 8gn8iion$ Irom yw •5 IFu$l8￿ ¢))ncwnlng wy such m8nei$. Thg pr¢codur•B undBrtpkqn do noi VOViO• ￿1 Ihg 141 would b• rggulwd ln w audit, •nd wnigwqnuy no Onion IÉ glv•n i• 1¢ wh•thor Ihe a¢¢wnli w•wII •'lrue l•ir v, end lh• r•wrt lo IlfflK￿ 10 IhLX• mthiw¥ In Iho 1th￿rn￿lI b•ltr. d•p•nd•nt •xmln•r• itt•mnt In ￿n￿lIan my •yaMin￿l0￿. no ffl•tt•r h¥ ccth• to my DII•DIM', 11Ivéhth m• wionÈt4• ¢w8•10 b•ll•w tb&i, In ony m•t•rithl ￿pIcI, th• i•quir•m•DI• -10 keep •Gwunllllg r•D)rd8 In ￿¢01￿8nc•Wilh S•ctyon 3aa and 387 of Cthmp4ni•i Aci 2008.. •n . io ￿8￿re1cC￿￿1 which c¢ord ￿1￿ tho •rctyJndthg rI￿th. comply th Ihe ￿CoUn￿n9 rwlrnrnente c4 Sociion• 304 8nd 395 of lh• cOmp•n￿ Acl 2006 ¥￿th mel￿0 witt wln¢lrA•B of sl2￿mInI d Rwrn•n PrKtlu'. A¢wunllnq •nd Rrytytln9 tychvlll noi b••n mei". ( 121 to￿￿*h. In myothlon, •tl•nbrffi ¥tt¢uld b• dr•wn ID udqrto•nat4q a untt•rntan¢Nng01 Ih•&tsxftl• lo b• rè¥h Wunml Shlll8. FCCA 8ond knouni•nt8 Ll 4￿6￿ Hwhq Strwl D•1T(Yd. K•nl DA1 1BX

TPIE REDeEMEO ¢HR15T14N CHURCH QF GOD PRAISE ciry STATEMENT OF FIPiANCiAL ACTMTIES IEAR ENDED 31ST OECEIIBER2023 UN••iAGt•d 2023 COMING RE8OURCE8 In¢omlny r•soÈtrcu fromp•nw¥t•dfvm Voluniary in¢thmè Not• 2Q22 RÈ80URCÉ$ EXPE140ED R•&ouruA Ewdod locfi4rl1•￿O ￿￿1V￿b•S Govwnin¢•co$i Soppot •nd Man•9om•nl Coeio 88.978 4.8e3 ,023 1,480 TOTAL RE8WE8 EXPENDEO WET INCOMPJEXPIND￿vRE PI)R THE YEAR e¥.8JO ¢S.$64 Iie¢oN¢ILIAnOPI OF FUND8 Tol•l krought f4Yw•rd TOTAL FUND CARRIED FORWARO NDn• Df lh• thArll¥• xlvllh• ￿rI •wulr•d dudng th• y•v and Ihw•w•r• no r•eeonlsod odn8 for 2022 L¥ 2023 othw Ih•D Ihow In lh• I￿1¢mInI offlnjndal Th• ncloa on pw T to 10 form pjrt of th*• ￿t￿JnU.

THE REDEEMED CHR18TL4P4 CHIJRCH OF GOO PRAISE C BALA￿E SHEET YEAR ETr￿£0 31ST DECEMBEII 2023 FUEO ASSETS 7,T14 2,374 CURREFTh AS$ET8 D•btor$ C8$h 41 O8nk In hand CREDIT¢Jft8.. du• wlthln on• y•4r N•t Cwr•nt A•ut• TOTAL ASSET¥ LE88 CURRENT LIABILfflE8 £1.97? FUNOS. R••trICt￿ Fund• Funo 7.774 11,70a 2J74 8.073 10 Th• I￿￿0•1 6L9wm•n16 wei• by th• 8owdd Tru81•88 4nd VAf• SIW•d￿ it• bthall ty.. Ab￿￿Tr . Tiv$i•b DAt• oLliu1202+ Th• on p•g•$ 7 ￿ IQ l¢rrn p•n d thDA• •ccounh.

TPte REDEEM¥D ¢NMSTL4N CHURCH OF GOD WISE ¢irY NOTES TO THE ACCOUNTS YEAR ENDEO 318T OECEIIBER 2023 l. ACC￿j14111IG POL￿￿8 ils ol pr•yrlfi9th• Ilnanol•l •t4t•m•n¢• Thofkn8n¢ld •t8tgmonlo ho￿ bgen In ￿¢8￿¢0 w41h A¢wJnlng and by ChoDUo•.' Rocommondod Praciice athKat4a Io ¢hwilies pieparing Ih•lr thccounts In &tcordlltycè wllTh we FInan￿￿ Rowiiino Standwd affj41ca￿0 In thé UK ind ol lith￿4 IFRS 1021 loffaLtMTr l Jwuory 20151- ICh81ingB SORP IFRS 1021.The Fln8ndal ReF¢Nllr6 aWkatl• In Ihe UK •nd Roput41¢ ol rr91￿d (FR$ 10218n¢ lh• CL¥np8nl•8 AU X)06. AG¢ouffling ¢onv•nt14)n Theflnandal 8wemenii hA¥ bè•n wèp&FwJ und the hl&tLYl¢4 eosi Conv￿1￿￿. wlth Ino •wiion of Invo&tmwle whkh ¥• In¢￿ded al mar# valuo. Iho Ch8rf1189 Act 20118nd th• r•othr•m•nl• of tho Sts1•m￿l R•comrn•nLW Pr•BUM. Rwlng by Ch•DU ¢•mlno r••our¢•• I Incomlnq regourc•# tre lrthjthd th• Statorn￿l ol Flnan¢ilActMlknwhqn lh• th8dty i• •ly•nlhd trt th• Incomtrand tho •mtyJni ￿ btrouaniiiiod wlth rown•bkn8rKurxy. ID¢Orne frrAn ith4J a￿of19￿n9l, l• In¢￿d￿d In Inc4mlw i•oourc•¥wh•n Ih•w r¢e•lV Inv6•lrnMI Inccrn InvMtrn¢nl of n•1 ￿tIreD1 r•c•N¢J thjdng th• y¢w •nd •¢¢wntsdfty •1 ynie•tri•d lund R••our¢•• •xp•nd• Evndltur• li DBcoUn1￿ lor on w o¢¢iud• b4•ify on# h•• clos141￿d hevJln9J blot 4ggr•gql•￿I cost rdawd 10 th• C￿11￿. Whw• unnot attrlbjtsd 10 partkuKqr hMélnos Ih•y haw been allwi•d acti￿1 C¢•l• of ch•rt￿• Bro Ihc•• ¢Mi• r4llno to th• urrl•d oul tg m••1 lh• ol lh• ¢hurch. Th•M InG4ude bth dlreclFy DtiiltsJl￿Ie colli ond ipPN1￿1￿d GLXI•. Goveman£e co•1 Ihoeobt• OY04X￿lqd w41h Ihg Jlral•9k dlr•ctytri dlh• Ly9•￿•1￿ •ndwllh mMiin9 T•nglbl• flx•d •1¥• Tixatlon Th• chJrlly frcyn CryFrty•u￿ thxon ¢A4dtl• •thyld• Fund A¢¢•unllng unre81dct￿ fund8 usod in acoyd8nC8 wilh tho chariwblp obieclveè ai IhB dk4crUon ol Ih•lw8tth. A¢•lrl¢i•d fun4s CBn wly be u8ed f¢r purtlculw rKlrideO purptsges vAlhln Iho obiKt¥ of ihoGhartty. R••trlclkni wth•n SkClllfjd tylh8 dothy or whw lunda ra1$￿ pwUGulir I￿l(l¢￿d purpo80B. Fuffhv •W•n•liw of lh• wrposg ofwth fund 1$ In¢l￿•d in th• ￿th Iin*rrflHI gl•l￿•nI•.

The REDeEMiO CfrM¥S7WN CHUACH OF GOD p￿18£ crry NOTE8 TO THE ACCOUIITS YW ENDED 218T DecEMBER 202J I VOLLILTARY INCOMe TilhE8 aTrd oflwlnga Donat￿$ and Oihw 2 Yellrfs Glft * 7.438 4,346 78,751 6.680 TO1￿ Incomin9 res(HJrc•• & ¢bWMTABLE AeTMTIE8 7,200 973 2,100 8,177 2,566 5,666 2,57J 4,035 1,619 26,920 a.B13 16.692 1.01e 2.200 2.082 2,670 7.544 2.466 Adv•ri1••m￿I & Promoti Can1t￿ OHIc fw4nc8 & Moetk 4inl•lryE¥9•￿ Music Exp￿8 Pr•mlw c¢•t W•NpA• S.$55 11.850 S.481 1e8 7.273 Wtslo Evan￿11•1￿ Ml•61 ChurcNOlli¢e E8uipM￿l 6.232 1. ¢30VERNANfE (OST AcGounthni and EyAmln•r L•gAI •nd wof•llslonal I•BJ 2.884 1.979 1,387 8. SUPPOAT COSTS.. MAtiAOÈMEIIT l￿tal￿- Ownod Aogeto 476 2.908 97 1,017 Insuron¢ M(oi v0h￿ EynM• R•wirB Ind M8Inl•nMc• Tekphon• Bnd Inlornot PAYE Conidbuliw8 TrAvd & Sub&iilMc• éxyna•a Em￿0ye89 PongH?n Bank Chvq•s 303 soo 620 781 1,514 934 5.365 4.744 815

THE PEDEEMED cH￿sTil￿ CHURCH OF GOD PRAISE CITY NOTES TO THE ACCOUNT8. CONlliiuED YEAM ENDED 315T DECÉMBER 2023 JUPPORT ¢08T8.. FIP&IIKE G￿E$ Bank Ch8r 7. STAFF COJT¥ No•mF4ty•ts r•hd •mrIum￿ts of£60,000. Tru•l•••' •xp•n¥•• Thw• w•1• no Irustqo&'•ww Itt• yr•rKd 3111 C¥¢￿t•r 2023 lor lh• yMrMd•) Yl•l O•r•rnt•r Tha Nmbw ol w￿Y4d luncikn.. 8. FLxeD A$8ETO CO8T At Isi J•n¥•ry 2023 2.374 2,374 DEPRE¢LATI)PI 1.899 1,899 475 Charp lor th8 yoor NET B¢)OK VALUe A• •131•t D•c•xbar 2023 A• •131¥t 2022 ?. ¢IEDITOR8.. thr￿n1¥ l•lllnq 4ft•r ¢vMJ y••r Oihv ¢r•di

10 ThE REDeEMED CIWST14N CHURCH OF OOD PRAise crry NOTE$TO THE A¢¢OUMTS YEAR ENDED 31ST DECEMBER 2022 10. MOVEMENTJ IN FUND8 Unr••tvlGIMI Fund• Gener￿ Fund G•D•ml lund lorlh• Gw•ral lund brtyJohl fomwd S,830 3.564 Tothi