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2023-12-31-accounts

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - WINNERS' WAY LOUGHTON

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

CHARITY NO: 1148462

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Financial statements for the year ended 31 December 2023

Contents Page
Legal and Adminstrative Information 1
Report of the Trustees 2
Statement of Trustees' Responsibilities 7
Independent Examiner's Report 8
Statement of Financial Activities 10
Balance Sheet 11
Notes to the Accounts 12

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Financial statements for the year ended 31 December 2023

Administrative information

Charity Name: RCCG - Winners' Way Loughton Charity Registration Number: 1148462 Registered Office Address: 70, Rainbow Road, Erith, Kent, DA8 2ED Trustees: Mrs Oluyemisi Bamgbose Mrs Aderonke Olufunmilayo Adelakun Mr Olufemi Fatayo Jimoh Mr Olufunso Oladeinde Martins Mrs Olayinka Owa Accountant: 678 Consult Limited 100 Lincoln Road Erith Kent DA8 2DT Bankers: HSBC Bank Plc 1 Centenary Square Birmigham B1 1HQ

Page 1

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Report of the trustees for the year ended 31 December 2023

The charity's area of operation and UK charitable registration

The church, RCCG - Winners' Way Loughton is a parish under the RCCG Worldwide with the primary objective to reach out to all about the christian faith with a focus within Essex and its immediate environs.

The charity is registered with the Charity Commission in England & Wales (CCEW) with the charity number 1148462.

Legal structure of the charity

The charity is constituted as an unincorporated charity established by trust deed. The governing document of the charity is the trust deed dated 1st January 2011.

There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by charity law.

All the trustees are individuals.

The trustees in office on the date the report was approved

The trustees in office on the date the report was approved are as shown on page 1.

The following persons served as trustees during the year ended 31 December 2023:-

The trustees who served as trustees in the reporting period, and their dates of appointment are:

Name Appointed
Mrs Oluyemisi Bamgbose 3 August 2012
Mrs Aderonke Olufunmilayo Adelakun 3 August 2012
Mr Olufemi Fatayo Jimoh 3 August 2012
Mr Olufunso Oladeinde Martins 3 August 2012
Mrs Olayinka Owa 26 March 2021

Our Aims and Objectives

Purpose and aims

The objects of the charity are:

a) To advance the christian faith in accordance with the statement of belief appearing in the schedule hereto in Essex, London and such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity.

b) To relieve persons who are in need, hardship, aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.

Ensuring our work delivers our aims

We hope to review our aims, objectives and activities each year. This review will look at what we have achieved and the outcomes of our work with the previous 12 months. The review will look at the success of each key activity and the benefits they have brought to those groups of people they are set up to help.

Page 2

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Report of the trustees for the year ended 31 December 2023

The review also help us ensure our aim, objectives and activities remain focused on our stated purposes. We have referred to the guidiance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.

The focus of our work

Our main objective for the year continued to be the advancement of the christain religion and to strive to improve the living condition of the needy. The strategies applied to meet our objectives are:

  1. Provision of weekly church services on Sundays and Tuesday prayer meetings to minister to the physical, spiritual and material needs of the people.

  2. Provision of special events and meetings to meet the specific needs of target groups in the community such as Men, Women, Youths and Children, through engaging with them in outreach activities.

  3. Provision of material support to members of the community undergoing financial difficulties.

  4. Working with other christian agencies and churches in the Borough and its environs to advance the preaching of the gospel.

  5. Provision of pastoral care for the members and other members of the community.

  6. Empowering our youths to be world changers through provision of Christian leadership trainings and community engagement activities.

Activities undertaken during the year to further the charity's purpose for the public benefit.

  1. Foodbank and distribution activities.

  2. Support to needy families in the church and community.

  3. Missionary Support.

Page 3

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Report of the trustees for the year ended 31 December 2023

Who used and benefited from our services?

Our church services are presented with both the regular congregant and the visitor or seeker in mind. We minister to the physical, mental and spiritual needs of the members in our services giving specific consideration to the seekers or new comers in our midst who may not necessarily have a church background and as such may not understand the processes and procedures of christianity.

We have also helped relief poverty and hardship amongst both regular and irregular congregants who are suffering from a period of financial hardship due to unemployment, lack of financial resources as a result of the high cost of living crisis.

How our activities deliver public benefit

Our main activities and who we try to help are described below. All our charitable activities focus on the advancement of the christian religion, the relief of poverty and sickness in the society.

The charity's strategies for achieving its aims and objectives in the future

b. Collaborate with other charities that have the same aims and objectives to enhance service delivery to the public.

c. Continue to spread the gospel using the different social media platforms and other new resources available to the church.

Volunteers

The charity depends on the support of its volunteers, which is much appreciated. The volunteers are involved in service provision and administration. The charity has six volunteers and they put in about 1,000 volunteer hours. The volunteers and charity accept and agree that no contract of employment is created by the volunteer arrangement.

Structure, Governance and Management

The methods used to recruit and appoint new charity trustees

The directors who are also trustees for the purpose of charity law are in chargeof the strategic direction of the charitable company. The trustees are elected to serve for a period of four years after which they must be re-elected at the next Annual General Meeting. Due to the nature of church work trustees appointed have been so selected on the basis of their faith, character,skills set in the area of management, growth and commitment to the vision of the charity.

The policies and procedures for the induction and training of trustees

Most of the trustees are already familiar with the practical work of the charity, as they currently serve in similar capacities in other charities. Trustees are required and encouraged to attend series of short training sessions to familiarise themselves with the charity and the context within which it operates.

Page 4

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Report of the trustees for the year ended 31 December 2023

The charity's organisational structure

The charity is governed by a board of trustees elected to serve and run its affairs. The trustees meet regularly and at times on ad-hoc basis, to manage the affairs of the church. The trustees are assisted by the minister-in-chatge and church leaders.

How the charity makes decisions and how decisions are delegated

The board of trustees meet bi-annually and are responsible for the strategic direction and policy of the charity. A scheme of delegation is in place and the day to day responsibility for the provision of services rests with the minister-in-charge. He is ably assisted by the church leadership and other volunteers.

The charity as part of a wider network

The charity is a parish of the The Redeemed Christian Church of God - a network comprised of parishes all over the world. There is an agreement of common purpose entered into by The Redeemed Christian Church of God, Winners' Way Loughton and The Redeemed Christian Church of God Worldwide which documents this relationship.

Financial review

The charity's financial position at the end of the year ended 31 December 2023

The financial position of the charity at the 31 December 2023 and comparatives for the prior period.

Net income
Unrestricted revenue funds available for the
general purposes of the charity
Restricted revenue fund
Total funds		 2023
£
(5,459)
70,103
-
70,103		 2022
£
9,852
75,562
-
75,562

Financial review of the position at the reporting date, 31 December 2023.

The trustees consider the financial performance by the charity during the year to have been satisfactory.

During the year ended, voluntary income was £89,822 (£82,771 in 2022). The net movement in funds for the period as shown in the statement of financial activities was a deficit of £5,459 (surplus of £9,852 in 2022). The value of net assets at 31 December 2023 is £70,103 (£75,562 in 2022).

Page 5

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Report of the trustees for the year ended 31 December 2023

Policies on reserves

The board of trustees have examined the charity's requirement for reserves in light of the risks to the charity. It has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets to be held by the charity should be between 3 to 6 months of the expenditure.

The expenditure for the year is £95,281, therefore the targeted reserve should be between £47,640.50 and £23,820.25 in general funds. The reserves are needed to meet the working capital requirement of the charity and the trustees are confident that at this level, they will be able to continue the current activities of the charity in the event of a significant drop in funding. This general reserve policy as been met.

Going concern

The charitable activities are totally dependable on voluntary donations. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding stream. Accordingly the trustees have obtained and reviewed forecasts for future periods till December 2024 to ascertain going concern basis. They are satisfied at the time of approving the financial statements, that is appropriate to adopt the going concern basis in preparing the financial statements.

Principal funding sources

This is provided mainly through voluntary tithes and offerings by the church members during church services, bank direct debits and bank standing orders. Pledges are also taken for specific projects.

Plans for the future

We plan to intensify on the activities carried out in the past years.

We are constantly working towards a permanent place of worship: one that would allow us worship in the mornings and where we can effectively serve our community and neighbourhood.

In the meantime, we will continue to support church building projects and missionary efforts in the UK and Africa.

Details of the independent examiner

Ruth Kenekueyero 100 Lincol Road Erith Kent DA8 2DT

Page 6

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Report of the trustees' for the year ended 31 December 2023

Statement of trustees' responsibilities

The charity's trustees are responsible for the preparation of accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to FRS 102 SORP 2015 (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

In particular, charity law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of its of the surplus and deficit of the charity. In preparing those financial statements the trustees are required to :

The trustees are also responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the regulations made under the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are also responsible for the contents of the trustees' report and the statutory responsibility of the independent examiner in relation to the trustee' report is limited to examining the report and ensuring that, on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.

This report was approved by the board of trustees on 12 September 2024.

____ Mrs Oluyemisi Bamgbose

______ Mr Olufunso Oladeinde Martins

Page 7

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Report of the independent examiner to the trustees of the charity on the accounts for the year ended 31 December 2023

I report to the trustees on my examination of the financial statements of the charity on pages 10 to 15 for the year ended 31 December 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) adapted to meet the needs of unincorporated organisations as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW), and under the historical cost convention and the accounting policies set out on page 12.

Respective resposibilities of the trustees and the independent examiner and the basis of the report

As described on page 7, you the charity's trustees are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with the United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.

The trustees consider that the audit requirement of Section 144(1)of the Charities Act 2011 does not apply and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.

Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my resposibility to:a) examine the financial statements of the charity under section 145 of the Act:

b) follow the applicable procedures in the directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of independent examiner's statement and scope of work undertaken

I report in respect of my examination of the charity financial statements carried out under s145 of the Act. In carrying out my examination, I have followed all the applicable directions given by the Charity Commission under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items ot disclosres in the financial statements and seeking explanations from you as trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant ton the amount and disclosures made, the financial statements comply with the SORP.

The procedures undertaken do not provide all the evidence that would be required in an audit, and information sulpplied by the trustees in the couse of the examination is not subject to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide.

Page 8

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Report of the independent examiner to the trustees of the charity on the accounts for the year ended 31 December 2023

Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statement give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.

I planned and performed my examination to satisfy myself that the objectives of the independent examination are achieved and before finalising the report, I obtained written assurance from the trustees of all material matters.

Independent examiner's statement, report and opinion

Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-

This is a report in respect of an examination carried out under section 145 of the Act and in accordance with directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;

and that no material matters have come to my attention in connection with the examination, giving me cause to believe that in any material respect:-

accounting records were not kept in respect of the charity as required by section 130 of the Charities Act 2011;

the financial statements do not accord with those records; or

the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair" view, which is not a matter considered as part of an independent examination.

have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).

I have no concerns and have come across no other matter in connection with the examination to which attention should be dwan on this report in order to enable a proper understanding of the financial statements to be reached.

______ Ruth Kenekueyero 678 Consult Limited

100 Lincoln Road Erith Kent DA8 2DT

12 September 2024

Page 9

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 December 2023

Notes
Income from:
Donations
2
Others
3
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net income for the year
Net income after transfers
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Adjustment to reserve
Total funds carried forward		 2023
2022
Unrestricted
Funds
Restricted
Funds
Total Funds
Total Funds
£
£
£
£
82,410
-
82,410
78,460
7,412
-
7,412
4,311
89,822
-
89,822
82,771
95,281
-
95,281
72,919
95,281
-
95,281
72,919
(5,459)
-
(5,459)
9,852
(5,459)
-
(5,459)
9,852
(5,459)
-
(5,459)
9,852
75,562
-
75,562
65,710
-
-
-
-
70,103
-
70,103
75,562

As required by paragragh 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the balance sheet.

This statement of financial activities includes all gains and losses in the year.

All activities derive from continuing operations.

The notes attached on pages 12 to 15 form an integral part of these accounts

Page 10

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton Balance Sheet as at 31 December 2023

Fixed assets
Notes
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors
11
Net current assets
Net assets
13
Unrestricted funds:
Unrestricted revenue fund
13
Total funds		 2023
2022
£
£
3,621
5,428
1,811
1,578
68,781
72,495
70,592
74,073
(4,110)
(3,939)
66,482
70,134
70,103
75,562
70,103
75,562
70,103
75,562

As required by paragragh 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA.

The trustees ackowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.

the charity is subject to independent examination under charity legislation, and the report of the independent examiner is on page 8.

The trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006, applicable to companies subject to the small companies regime.

Mrs Oluyemisi Bamgbose Trustee - Chairman

Mr Olufunso Oladeinde Martins Trustee

Approved by the board of trustees on 12 September 2024

The notes attached on pages 12 to 15 form an integral part of these accounts

Page 11

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton

Notes forming part of the financial statements for the year ended 31 December 2023

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

(a) Basis of preparation and accounting convention

The accounts have been prepared on the accrual basis, under the historical cost convention, and in accordance accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and FRS 102 SORP (Statement of Recommended Practice for Accounting and reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW), effective January 2016, and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statement in accordance with the FRS 102 SORP 2015, (as amended by the Bulletin issued in October 2018 and applicable to allaccounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which as been withdrawn notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This as been done to accord with current best practice.

(b) Fund accounting

(c) Nature, categories and recognition of income

All incomes are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.

The following specific policies are applied to particular categories of income:

Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of financial activities when receiveable. Grants, where entitlement is conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified.

(d) Volunteers

In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the services from volunteers, the contribution of volunteers is not included within the income of the charity.

(e) Recognition of liabilities and expenditure

(f) Fixed assets

Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 5 years.

Page 12

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton

Notes forming part of the financial statements for the year ended 31 December 2023

2. Donations
Unrestricted
Restricted
2023
2022
£
£
£
£
Tithes, offering and thanksgiving
82,410
-
82,410
78,460
Gift aid
-
-
-
-
Total donations
82,410
-
82,410
78,460
3. Other Income
Unrestricted
Restricted
2023
2022
£
£
£
£
Others
7,412
-
7,412
4,311
Total other income
7,412
-
7,412
4,311
4. Charitable expenditure
Church
Work
Support
Cost
Governance
Costs
2023
2022
£
£
£
£
£
Charitable activities
Ministry costs
72,763
-
-
72,763
55,099
72,763
-
-
72,763
55,099
Support costs
Administration
8,678
-
-
8,678
8,776
Premises
3,840
-
-
3,840
2,840
Others
-
8,264
-
8,264
5,604
12,518
8,264
-
20,782
17,220
Governance costs
Professional fees
-
-
1,736
1,736
600
-
-
1,736
1,736
600
Total charitable expenditure
85,281
8,264
1,736
95,281
72,919
5. Net surplus before tax in the financial year
2023
2022
£
£
This is stated after charging:
Depreciation
2,282
5,037
2,282
5,037
6. Income and expenditure account summary
2023
2022
£
£
At 1 January 2023
75,562
65,710
Surplus after tax for the year
(5,459)
9,852
At 31 December 2023
70,103
75,562		 Unrestricted
Restricted
2023
2022
£
£
£
£
82,410
-
82,410
78,460
-
-
-
-
82,410
-
82,410
78,460
Unrestricted
Restricted
2023
2022
£
£
£
£
7,412
-
7,412
4,311
7,412
-
7,412
4,311
Church
Work
Support
Cost
Governance
Costs
2023
2022
£
£
£
£
£
72,763
-
-
72,763
55,099		 Unrestricted
Restricted
2023
2022
£
£
£
£
82,410
-
82,410
78,460
-
-
-
-		 Unrestricted
Restricted
2023
2022
£
£
£
£
82,410
-
82,410
78,460
-
-
-
-
82,410
-
82,410
78,460
Unrestricted
Restricted
2023
2022
£
£
£
£
7,412
-
7,412
4,311
7,412
-
7,412
4,311
72,763
-
-		 72,763
55,099
8,678
-
-
3,840
-
-
-
8,264
-		 8,678
8,776
3,840
2,840
8,264
5,604
12,518
8,264
-		 20,782
17,220
-
-
1,736		 1,736
600
-
-
1,736		 1,736
600
85,281
8,264
1,736		 95,281
72,919
2023
2022
£
£
2,282
5,037
2,282
5,037
2023
2022
£
£
75,562
65,710
(5,459)
9,852
70,103
75,562

7. Trustees remuneration & related pay transactions

Neither the trustees or any persons connected with them received any remuneration during the year.

8. Taxation

As a charity, RCCG - Winners' Way Loughton is exempt from taxation in respect of income or capital gains received within categories covered by chapter 3, part 11 of the Corporation Tax Act 2010 or s256 of the Taxation of Chargeable Gains Act 1992, to the extent that these are applied exclusively to its charitable objects and for no other purpose. No tax charges have arisen in the charity.

Page 13

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton

Notes forming part of the financial statements for the year ended 31 December 2023

9. Tangible fixed assets
Motor
Music
Media
Office Furniture &
Total
Vehicle
Equipment Equipment
Equipment
Fittings
COST
£
£
£
£
£
£
At 1 January 2023
15,970
8,448
1,206
8,988
1,385
35,997
Additions in the period
-
-
-
474
-
474
At 31 December 2023
15,970
8,448
1,206
9,462
1385
36,471
DEPRECIATION
At 1 January 2023
15,850
8,090
723
4,659
1,246
30,569
Charge for the period
120
232
241
1,599
90
2,282
At 31 December 2023
15,970
8,322
964
6,258
1,337
32,850
NET BOOK VALUE
At 31 December 2022
120
358
483
4,329
139
5,428
At 31 December 2023
-
126
242
3,204
48
3,621
10. Debtors
2023
2022
£
£
Debtors
1,100
1,100
Prepayment
711
478
1,811
1,578
11. Creditors
2023
2022
£
£
Accruals - Accountancy fees
500
350
Creditors - WEM & COF
1,609
1,439
- Pastor's allowance
2,001
1,700
- Others
-
450
4,110
3,939
12. Analysis of net assets between funds
Unrestricted
Restricted
Funds
Funds
2023
2022
£
£
£
£
Tangible fixed assets
3,621
-
3,621
5,428
Current assets
70,592
-
70,592
74,073
Current liabilities
(4,110)
-
(4,110)
(3,939)
Net assets at 31 December 2023
70,103
-
70,103
75,562
13. Movements in funds
At 1 Adjustment
At 31
January
to reserves
Incoming
Outgoing
December
2023
Resources
Resources
2023
£
£
£
£
£
Restricted funds
-
-
-
-
-
Total restricted funds
-
-
-
-
-
Unrestricted funds
75,562
-
89,822
95,281
70,103
Total unrestricted funds
75,562
-
89,822
95,281
70,103
Total funds
75,562
-
89,822
95,281
70,103		 Motor
Music
Media
Office Furniture &
Total
Vehicle
Equipment Equipment
Equipment
Fittings
£
£
£
£
£
£
15,970
8,448
1,206
8,988
1,385
35,997
-
-
-
474
-
474		 Motor
Music
Media
Office Furniture &
Total
Vehicle
Equipment Equipment
Equipment
Fittings
£
£
£
£
£
£
15,970
8,448
1,206
8,988
1,385
35,997
-
-
-
474
-
474		 Motor
Music
Media
Office Furniture &
Total
Vehicle
Equipment Equipment
Equipment
Fittings
£
£
£
£
£
£
15,970
8,448
1,206
8,988
1,385
35,997
-
-
-
474
-
474		 Motor
Music
Media
Office Furniture &
Total
Vehicle
Equipment Equipment
Equipment
Fittings
£
£
£
£
£
£
15,970
8,448
1,206
8,988
1,385
35,997
-
-
-
474
-
474		 Motor
Music
Media
Office Furniture &
Total
Vehicle
Equipment Equipment
Equipment
Fittings
£
£
£
£
£
£
15,970
8,448
1,206
8,988
1,385
35,997
-
-
-
474
-
474
15,970 8,448 1,206
9,462		 1385
36,471
15,850
120		 8,090
232		 723
4,659
241
1,599		 1,246
30,569
90
2,282
15,970 8,322 964
6,258		 1,337
32,850
120 358 483
4,329		 139
5,428
- 126 242
3,204		 48
3,621
2023
2022
£
£
1,100
1,100
711
478
1,811
1,578
2023
2022
£
£
500
350
1,609
1,439
2,001
1,700
-
450
4,110
3,939
Unrestricted
Restricted
Funds
Funds
2023
2022
£
£
£
£
3,621
-
3,621
5,428
70,592
-
70,592
74,073
(4,110)
-
(4,110)
(3,939)
70,103
-
70,103
75,562
At 1 Adjustment
At 31
January
to reserves
Incoming
Outgoing
December
2023
Resources
Resources
2023
£
£
£
£
£
-
-
-
-
-		 2023
2022
£
£
1,100
1,100
711
478
1,811
1,578
2023
2022
£
£
500
350
1,609
1,439
2,001
1,700
-
450
4,110
3,939
Unrestricted
Restricted
Funds
Funds
2023
2022
£
£
£
£
3,621
-
3,621
5,428
70,592
-
70,592
74,073
(4,110)
-
(4,110)
(3,939)		 2023
2022
£
£
1,100
1,100
711
478
1,811
1,578
2023
2022
£
£
500
350
1,609
1,439
2,001
1,700
-
450
4,110
3,939
70,103
-
70,103
75,562
-
-
-
-
-
75,562
-
89,822
95,281
70,103
75,562
-
89,822
95,281
70,103
75,562
-
89,822
95,281
70,103

Page 14

Docusign Envelope ID: 24104032-22B5-4CF7-88C5-2D04CFEA25DD

RCCG - Winners' Way Loughton

Income and Expenditure Account for the year ended 31 December 2023

Income
LESS EXPENDITURE
Ministry costs - charitable activities
Advert & promotion
Event/Evangelism
Transport & Travel
Entertainment
Musician
Pastor's allowance
WEM & COF
FOL
Welfare & gifts
Donation to charities
Honorarium
Support costs - charitable activities
Premises costs
Rent
Administration
Printing and stationery
Bank charges
Telephone
Insurance
Subscription
Administrator's allowance
Books & manuals
Website
Office expenses
IT expenses
Other costs
Depreciation
Training
Sundry
Governance costs - charitable activities
Professional & consultancy fees
Accountancy fees
Surplus for the year
Surplus brought forward
Adjustment to reserve
Surplus carried forward		 2023
2022
£
£
£
£
89,822
82,771
65
463
199
1,035
4,554
5,495
6,135
5,368
9,865
1,740
14,935
12,227
16,231
16,411
150
150
8,403
1,620
10,956
9,839
1,270
752
72,763
55,099
3,840
2,840
3,840
2,840
700
42
60
62
794
487
861
1,170
1,179
1,293
500
1,500
569
832
795
930
-
80
3,220
2,380
8,678
8,776
2,282
5,037
5,499
567
483
-
8,264
5,604
1,236
-
500
600
1,736
600
95,281
72,919
(5,459)
9,852
75,562
65,710
-
-
70,103
75,562		 2023
2022
£
£
£
£
89,822
82,771
65
463
199
1,035
4,554
5,495
6,135
5,368
9,865
1,740
14,935
12,227
16,231
16,411
150
150
8,403
1,620
10,956
9,839
1,270
752
72,763
55,099
3,840
2,840
3,840
2,840
700
42
60
62
794
487
861
1,170
1,179
1,293
500
1,500
569
832
795
930
-
80
3,220
2,380
8,678
8,776
2,282
5,037
5,499
567
483
-
8,264
5,604
1,236
-
500
600
1,736
600
95,281
72,919
(5,459)
9,852
75,562
65,710
-
-
70,103
75,562
72,763
3,840
3,840
700
60
794
861
1,179
500
569
795
-
3,220
8,678
2,282
5,499
483
8,264
1,236
500
1,736
9,852
65,710
-
75,562

Page 15