Charity Registratlon No. 1148577 THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") LIFE CHANGERS ASSEMBLY Report & Flnanclal Statement for Year Ended 31 December 2022 THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG LIFE CHANGERS ASSEMBLY Year ended 31 December 2022 REPORT AND FINANCIAL STATEMENTS CONTENTS PAGE REPORT OF THE BOARD & STATEMEKf OF BOARD'S RESPONSIBLMES 24 INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL AcnvmES BALANCE SHEET NOTES TO THE FINANCIAL STATEMEKr 8-11 THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG? LIFE CHANGERS ASSEMBLY Year ended 31 December 2022 Board of Trvstees Mr Olukunle Alade Adeleke Pastor Chfisty Adanma Fagade Dr Wilson Nkeiruka Ofunne Senlor Pastor Mr Adedotun Oladele Fagade Correspondence Address 60 Fitzslephen Road Dagenham Essex RM8 2YL Worshlp Address Royals Youth Centre Viking Way Rainham Essex RM13 9YG Bankers Accountants Lloyds TSB PIC Heathway Dagenhan Dagenham Essex RMIO Da-silva & Associates Limited Chartered Certified Accountant 14 Farm Close Dagenham RMIO 9TX Barclays Bank PIC Heathway Dagenhan Dagenham Essex RMIO THE REDEEMED CHRISTIAN CHURCH OF GOD (TrCCGI LIFE CHANGERS ASSEMBLY Year ended 31 December 2022 Report otthe Twstees The trustees present the annual Tepcxt ond finonciol slal8ment of RCCG ￿te Chongers Assembty for year ended 31 st December 2022 ObJectlve$ The principal objects of the Charity ore the odvoncemenl of the Chi5ttan faith worfdwdè in occordonee lo Ihe slol8menl ol faith. ond the refi8fol poverty to the general pubfic,. in need. hordship or distress within oreas of operotion. Orgonlsollon slwctur•. sJov•mance and monag•menl The Organisotion is o registered charity in England ond Woles since 15th August ￿12. The overall control ol the charity remains the responsibility of the board of Iwslaes. who hovo been C¢>OPted under a decloralion ol tru51 doled 251h September 2011. Flnanclal r•vl•w rh& Chority's linonciol slalement Ic* thè yeor ended 31 Dècember ￿22 show5 0 nel surplvs In funds of £74112021.. Net Surplus of £5.9111. Res￿0 Pollcy 1119 the policy of the chorFty lo moinloin vnrestricted funds. which ore the reserves ol the organisation for oround 3 months of unrestricted eypendilvre. provides 5vificient lunds lo Gover any èmergency expenditure Ihol may arise trom time to time. Rlsk monog•ment The Iruslees hav& 0$se5sed the major risks to which Iho cl)arity is exposed lo. in particvlar those relating lo the opèrotions ond linonce5 01 the chority ond are sotj5fied Ihot syslems are in ploce lo mitigole exposure lo any risk In order lo safeguard the welfare ot Children and young people the Church opeTales o Child protection policy. All Children'slyouth worker5 are corefully selected ond screened and hove an enhonced Disclosure ond Boning Service IDBSI check. They arè trained in the safe practicè and wort within approved guidelinas. THE REDEEMED CHRISTfAN CHURCH OF GOD fRCCGI LIFE CHANGERS ASSEMBIY Yeur •nded 31 D•cembeF 2022 Volunlews CCG Life Chongers A5semtJy is very grotelul to all her voFunteev5 for thew dedicotion to service ond their resourcelulness in c¢Yp￿ng on Ihe octivilies of the Charity. We ore immensely grateful lo all of them and we proy Ihol Ihe mosl Hiqh God WAI reword them abundonlly. Pubfic Benefft In è51ablishing ifs (xogrommes and octivÈlies of RCCG ￿le Chongers Assembly. th trustees consider Its benefit to the generol publi¢ ond are in line with Ihe Charity objects of odvancementChri5tian faim Wortcknde ond the ref￿1 ol poverty in the lives of Ihe 9eneral PUDI¢. The Iruslees ensure Phot the ch￿1￿ Commission's guideline5 on public benefil ore followed in all their operotior￿. planning ond deci%ion mokiro. Trustees. respon51bllilles Low applic0￿e to charifie5 in Englond ond Woles rewyes the Irvslee5 lo prepare finonciol &och financiol yeor which gives o true ond fair view ol the 5tot& of offoys ol Ihe charity and ot charitv ond of the suiplus or deficit ol Ihe chorilv ICY Ihot Dwiod. In oreDarino those linonciol the trustees hove= . Selected suitoiJe occounling p￿￿leS or)d opplied them con5i5tently.' Mode judgemenls and eslimotes thol ore reosonoble ond wdenl.. ' Slole(I whether opplicoble accountiro slondords hove been followed. svbiect lo ony molerial deportures dL%closed ond explained in the linanciol stotemenls-. ond ' Prepared the linonciol stolemenls on a gong concem bosis lunle5S It 15 inooprorjiale to presume thot Ihe Trust will continue in operoljonl. ' The trustees hove overall responstbhity lor enwring Ihot the chcxity hos af) approtmlote syslem of contro15. linancKJl ond otherwise. They ore otso responsible for keesing proper accouniing records which disclose wlh reasonable accuracy al ony time the financial pO￿lI0n ol the charilv ond enoble them lo enswe thol Ihe financial slolemenls comply wilh the Chorities Acl 2011. They ore 0150 iesponsible for 5alegvardirKJ the assels of the choftly and hence lor toking reosoroble sleps lor the deleclion ond prevention of fraud and other irregu1c￿lles. This report wos Dr Wilson Nkeiruko Ofunne Trusteè Independent Examiner's Report to the Trustees of THE REDEEMED CHRtSTtAN CHiIRCH OF GOD fRCCG UFE CHANGERS ASSEMBLY We ￿pOrt on the accounts of RCCG Life Changers Assemblyfor year ended 31 December 2022 which are set out on pages 6 to 11. Respecuve responslbllitles oltrustees and examlner The charity's trustees are responsible for the Preparation of the accounts. The charity's trustees consider that an au(lit is not required for this year (under section 144121 of the Charitles Att 2011 Ithe 20113ct) an independent examination is needed. It Is my responsibility: to examiner the account under (section 145 of the 2011 Actl- to following the procedures laid down in the General Dlrettion given by the charlty Commissioners lunder section 1451Sllbl of the 2011 Act).. and to state whether particular matters have come to my attention Basls of Independent examlner's report My examination was carried OLrt in accordance with the General Directlons given by the Charlty Commissioners. An examination includes a review of the accountin8 records kept by the chaTIty and a comparlson of the accounis presented wlth those records. It also indudes Consideration of any Unusual items or dtsclosures In the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit, and tonsequentty I do not express an audlt opinion on the view given by the accounts Independent examlner's st•tement In connection with my e¥amlnation. no matter has come to my attention= 111 which 8ives me reasonable cause to believe that in any material respett the requirements to keep accountin8 records in accordance wlth settion 130 of the 2011 Act. and to prepare accounts whith accord with the accounting records and comply with the accounting requirements of the 2011 Act have not met.. or 121 To which, In my opinlon, attention Should be drawn in order to enable a proper understandln8 of the accounts to be reached. Mr5 Eileen Da-silva FCCA MBA BA Da-sllva & Associates Limited Certified Chartered Accountants 14 Farm Close, Dagenham. RMIO 9rx Date-. 28104A023 THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG'? LIFE CHANGERS ASSEMBLY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022 2021 2021 Notes Unrestrlcted Unrestricted Fund Fund INCOME Income from activities in furtherance of charitable objects 26,518 25,254 Total Income 26,518 25,254 EXPENDITURE Charltable expendtture: Costs of activities for charitable objectivei Support costs Management and administration 9,363 15,499 915 6.410 12,192 741 Total Expendlture 25.777 19,343 Net Income/{Expenditure) 741 5.911 Total Funds brought forward 23.430 17,519 24.171 23,430 THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) UFE CHANGEItS ASSEMBLY BALANCE SHEEr AS AT 31 DECEM&ER 2022 Not•5 Flxed assets Tangible fLxed ossets 4.678 3.166 Cvrrenl ossets Oeblor Cosh al bank 2.574 17.379 4,850 15.814 19.953 20.664 Credllor&' amount falllng due wllhln one year 40) Net cvrrenl ossets 19,553 20.264 Total ossets less CUTh￿1 Ilobmlles 24.171 23.430 Credll¢rs: urnount lalllng due allèr m¢ve than ¢)ne 24,771 23.430 Income Fvnds Unrestricted Funds- General Fund5 io 24.171 23.430 Approved on Reholl of the Boord ol Twstees on:..... . 2023 Olunne Mr Olukunle Alo e Adeleke Trustee THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG LIFE CHANGERS ASSEMBLY YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS l. Accountlng pollcy The wincspal accounting wlKies, all of which have been applied cortystenty througho the year. are Set out below: {al Scope and basis of the finandal statements The financial statements have been prepared underthe htstortil c05t conveniion and in accordance with applicable attovnting ￿andardS and The Statement of Recommended Prartice.. Accounting and Reportin8 by Charities ISORP 2CK151 issued in March 2￿5. Ibl Fund a¢countlng General funds are unrestrirted funds whith are available for use at thè diX￿lon of the Trustees in furtherance of the 8enèral oblective5 of the parish and whkh have Th)t been designated forother purp)ses. Icl Income All Income Is accounted for when the Chgrity has entttlement to the funds. the amountc3n be quantified and there is certainty ol receipt. Id} Empendlture All expendlture is accounted for on accrual ba￿5 has been intluded undef expense cate8Orits that aggre8atè all costs for allocatSon to activities. Where costs can￿t be directly attrlbuted to particular activities they have been allocated on a ba￿S consistent with the use of the resourcÈ5. Grant pay3ble are chafged in the￿ar when the offer is made except Sn tPw)se cases where the offer is conditional, such 8rants being recogni5ed a5 expenditure when the Cond￿lOn5 att%hed are fvlfilled. Grants offèred Subject to conditions which have r¢ot been met at the year end afe noteil as a tommitmenL but not accrued as ex￿ndIture. lel Cash flow The financial statements do not tndutle a cash flow statement because the church. as a srnall reportin8 entity, 15 exempt frorn the requirement to prepare such a statement underthe financial Rewjrtiry Standard for Smaller Entities leffettive June 21x121. {fj Tanglble fixed assets and depreciation All assets costin6 more than £41X) a￿ capitalised. Tangible fixed assets are stated at C05t and depreciated on a straight line basisovèrtheir useful economic lives as follows.. Church Equipment 4 years THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG") LIFE CHANGERS ASSEMBLY YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS (Continued) Unreslrfcted Fund Unrestricled Fund 2022 2021 2. Income from Acllvllles In furlherance of Chorflable Objects Donations Received Gift Aid 21.374 5,144 21,847 3.407 20.518 25.254 3. Cost of AcllvHles for Charltable Objecllve Rent Welfare/Hardship Grant Musical Expenses Programmes and Conferences 4,079 1,515 750 3,019 9.363 3,487 1,517 100 1,306 6.410 4. Support Cost stationeries & Printing Enlertainmenl Transportation & Subsistence Telephone and Intemet Insurance Bonk Interest & Charges Web Design Repair5. Renewals & Maintenance cost Donations Honorarium Sundry expenses Depreciation 1.227 1,749 760 144 1,068 473 13 165 797 6,414 1.7 738 1,344 1.704 6,005 650 212 958 15.499 12.192 THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG UFE CHANGERS ASSEMBLY YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS (Continued) 2022 2021 5. Management and Admln15trallon Accounting and Finance 915 915 741 741 6. Tanglble fixed 055ets Cost At 01101122 Additions Disposal At 31112122 ul men 4.125 2,796 6,921 Accvmulaled Depreclallon At 01101122 Depreciotion for Ihe year Disposal 959 1,344 At 31112122 2.303 Net Book value At 31112/22 A*31112121 4.618 3.166 2022 2021 7. Debtors Loan to members Accrued Gift Aid 3.850 4,850 3.850 4.850 10 THE REDEEMED CHRISTIAN CHURCH OF GOD fRCCG UFE CHANGERS ASSEMBLY YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS {Conlinued) Unreslrfcted Funds Unrestricted Funds 2022 2021 8. Credllors: Falllng due wlthln l year Acounting and Finance 400 400 9 Credltors: After > l year 10. Movemenl In funds Unreslrlcted Funds Unrestricted Fvnds 2022 2021 Opening balance Net Income/{Expenditvre) for the year 23.430 741 17,519 5.911 Balance ot 31 December 24.171 23,430 l O. Taxatlon RCCG Life Changers Assembly is a regislered charity and is eligible for the exemplions from toxation available lo charities on Iheir charitable aclivities. No charge to taxation therefore arises.