THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, DUDLEY
CHARITY NO: 1148087
INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, DUDLEY
TRUSTEE'S STATEMENT
The principal activities of the church is the provision of extensive range of spiritual, religious and charitable services, and intends to do so more in the year to come.
It is the Trustee's responsibility to ensure the financial statements prepared give a true and fair view of the state of affairs of the church as at the end of the Financial year, and the surplus/deficit for the year; and in addition, reasonable and prudent judgements and estimates have been used in the preparation of the accounts
And signed on behalf of the Trustees:
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THE REDEEMED CHRISTIAN CHURCH OF GOD
COVENANT RESTORATION ASSEMBLY, DUDLEY
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2024
| Income: Collections- offerings Project funds Pledge and special offerings Thanksgiving Tithes and appeals Pledge and building fund Less: Administrative expenses Promotion and advertising Repairs and maintenance General administrative Light, heating and water Security Pastorate expenses Rent and rates Volunteers' expenses & travel Legal and professional fees Charity donations Bank and other financial charges Printing, postage & Stationeries Depreciation Evangelism and Welfare Insurance Telephone and internet Misc. Net income surplus for the year |
3,482 1,560 9,500 45,996 2,000 680 3,450 92 642 4,402 2,000 1,241 650 86 75,781 |
2024 30,180 2,184 9,070 12,672 26,687 - 80,793 -75,781 5,012 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD
COVENANT RESTORATION ASSEMBLY, DUDLEY
BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2024
| Tangible Assets Current Assets: Cash in hand and bank Current Liabilities: Trade creditors & accruals Net current assets (liabilities) Creditors' due after one year: Members loans Represented by: Accumulated funds b/f Income surplus for the year |
15,168 15,168 -400 |
2024 20,052 14,768 34,820 - 34,820 29,807 5,012 34,820 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD
COVENANT RESTORATION ASSEMBLY, DUDLEY
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2024
COMPILATION REPORT TO THE TRUSTEES
We have examined the accounts on page 3 according to Accounting principles of unaudited financial statements.
We report that the accompanying financial statements have been complied from records kept by the church and information supplied by the Trustees.
We have not audited the account and accordingly, do not express an opinion or any other form of assurance.
PROVIDENCE ACCOUNTING SERVICES 62 BEECHWOOD ROAD LONDON E8 3DY
THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY, DUDLEY
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 DECEMBER 2024
SCHEDULE OF FIXED ASSETS
| SCHEDULE OF FIXED ASSETS | |||||
|---|---|---|---|---|---|
| NBV at 1 January 2022 Addition during the year Depreciation year charge NBV at 31 December 2022 NBV at 1 January 2023 Addition during the year Addition during the year Depreciation year charge NBV at 31 December 2023 NBV at 1 January 2024 Depreciation year charge NBV at 31 December 2024 |
Musical Equipment |
Church Furniture & Fittings 8,964 8,964 -1,614 16,314 16,314 16,314 2,642 18,956 -3,412 15,544 15,544 -2,798 12,746 |
Minibus | Total 11,736 2,108 13,844 -2,492 25,196 25,196 25,196 4,625 29,821 -5,368 24,453 24,453 -4,402 20,052 |
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| 2,772 2,108 4,880 -878 8,882 8,882 8,882 1,983 10,865 -1,956 8,909 8,909 -1,604 7,305 |