THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Reglstration No: 1148007 TRUSTEES, ANNUAL REPORT AND FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2023
THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No: 1148007 CONTENTS Reference and administrative details Trustees, Annual Report Independent Examiner's Report Balance Sheet Statement of Financial Activities Notes to the financial statements 10
THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No: 1148007 REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES & ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023 Trustees , Olatokunbo Sangowawa (Chairman) Akinlolu R Ladokun Comfort Dina Vincent Dina Adedotun Babalola General Overseer Pastor E A Adeboye Principal Address 110-112 Norton Road Stockton On Tees TS20 2AQ Charity Registration No: 1148007 Banker Barclays Bank & Yorkshire Bank Independent Examlner AKA Compliance Limited 4 St Luke's Place Hebburn NE31 IRR
THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No: 1148007 BALANCE SHEET AS ATYEAR ENDED 31 DECEMBER 2023 2023 Total ,2022 Total FIXED ASSErs Tanglble Assets Notes 29.778 I46 CURRENT ASSErs Cash and bank balances 140.155 80,253 SHORT TERM LIABILITIES Accruals Loan (amount falling duewithin a year) 600 600 NEf CURRENT ASSErs 135.895 75.933 LONG TERM LIABILMES Creditors (amount faling due after rnore than oneyear) 4,372 9,079 NET ASSETS 161,301 81,730 CHARITY FUNDS Unrlstricted Funds Restricted Funds 129,709 31,592 161,301 50,825 ". 30.905 81,730 Approved by the Trustee and signed ori their behalf by: Name Signature Positlon Date
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THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No: 1148007 STATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 DECEMBER 2022 2023 Unrestrlcted Fund Restrfcted fund Total 2022 Total INCOMING RESOURCES Donatlons. legacies & slmilar incoming resources Other Incorne ' Notes 190.025 26,389 216.413 5,787 195.812 26J89 5,787 222.201 98.596 ,194 110,790 RESOURCES EXPENDED Charitable Expenditure Management and Governance Cost Total Resources Expended , 24,945 I.584 137,530 500 25.445 4,600 117.184 5,100 142.630 11,076 78.788 89.863 Net Incomingl(Outgoing) Resources forthe year 78,884 687 79.571 20,926 BALANCE ATTHE BEGINNING OFTHE YEAR ..50,825 30905 81.730 60.804 BALANCEATTHE END OFTHEYEAR 129,709 31,592 161.301 81,730
THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No: 1148007 NOTES TO THE ACCOUNTS I. ACCOUNTING POLICIES a) The accounts are prepared under the historical cost convention and in accordance with applicable accountlng standards. They follow best practice as set out in the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modifled for smaller charities. b) Income and expenditure is accounted for on an accruals basis. c) Fixed assets comprise furniture & fltting and motor Vehicle which have cost more than £200.Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less thelr estimated residual value over their expected useful lives on th'e following bases: Motor vehicle Equipment.,, Computer Equipment Furniture and fittings Portakabin 25Yo reducing balance 250/0 Straight line 25% straight line 25% straight line IOYO reducing balance 2023 Unrestrlcted Fund Restricted fund Total 2022 Total 2 DONATIONS. LEGACIES AND SIMILAII INCOMING RESOURCES Tithe Offering Thanksglving Bullding Other 9,194 52,879 7,364 58,147 30,208 1,995 1,157 7.089 98.596 52,879 7,364 3.240 3.135 195,812 3240 2,547 5.787 190,025 2023 Unre5trlcted Fund Restrlcted fund Total 2022 Total .13 OTHER INCOME 25,938 451 26.389 25,938 451 26,389 IlJ64 830 12,194 Bank interest
THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No: 1148007 NOTES TO THE ACCOUNTS 2023 Unrestrlcted Fund Restrlcted fund Total 2022 Total 4 CHARITABLE EXPENDITURE Glft and Donatlons Travel and accomodatlon Welfare Evangellsm & MlsslonsJ14j 3.804 1.604 11,349 8,188 24,945 3,804 1,604 11.349 1,751 1,527 869 6.930 11,076 500 500 25,445 2023 Unrestrlcted Fund Restrlcted fund Total 2022 Total 5 MANAGEMENT & GOVERNANCE COST Depreclation Expense Insurance Motor Expense Church Supplies• and postage Rates and utllitles Rents Repairs and renuwals Telephone and Internet Llcences and Permits Medla and events Interest payable Payroll Honorarium Training Professional fees 10,742 2.473 2.128 7,941 7.417 20,190 1,792 10.742 2.473 2,928 7,941 7,417 20,190 5,592 2,460 527 2,836 330 47,240 3,990 1,920 600 117.184 800 2.830 4,805 5.468 21.600 9,623 2,640 526 3,800 527 330 47.240 404 20.899 550 1.123 720 78.788 1,920 600 112,584 4,600 11
THE REDEEMED CHRISTIAN CHURCH OF GOD OUR SAVIOUR'S PARISH Charity Registration No: 1148007 NOTES TO THE ACCOUNTS 6 TANGIBLE FIXED ASSET Cost atl January2023 Addltions during the year Dlsposals duringtheyear At31 December2023 Computer Equlprnenl Furnlture & Flttlngs Equlpment Vehlcle Portakabln Total 3a03 2,794 3.354 16,847 5,300 5,463 12,500 11,524 39.768 25,643 7.630 6,148 22,310 17.800 11.524 65AII Depredatlon at l January2023 Charged fortheyear ,Disposed ofduringthe year At31 December2023 2.306 1.564 2.642 914 12,006 1.325 3,653 4,119 6.613 24W2 491 10.742 3,870 3,556 15,659 5.444 7,104 35.634 NetBookValue At 31 December2022 At 31 December2023 997 3.759 152 2,592 4.841 3.975 6,650 12.356 4.911 14.876 4.420 29.778 2023 Unregtrlcted Fund Restrlcted fund Total 7 NEf ASSET BY FUND Tanglble lixed assets Netcurrentassets Long term Ilabllity 29.778 104,303 4,372 125,709 29.T78 135.895 4.372 161.301 31.592 31,592 Prlofyearcomparative 2022 Unrestrlcted Fund RestrIed fund Total, T8ngible fixed assets Net current assets Longierm Ilablllty 14,876 45,027 9.079, 50.824 14.876 75.933 9,079 81,730 30,905 30.905