## **Charity Registration No. 1148577**
**THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") LIFE CHANGERS ASSEMBLY**
**Report & Financial Statement for Year Ended**
**31 December 2023**
## **THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") LIFE CHANGERS ASSEMBLY**
**Year ended 31 December 2023**
## **REPORT AND FINANCIAL STATEMENTS**
|**CONTENTS**
**REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES**
**INDEPENDENT EXAMINER'S REPORT**
**STATEMENT OF FINANCIAL ACTIVITIES**
**BALANCE SHEET**
**NOTES TO THE FINANCIAL STATEMENT**|**PAGE**|
|---|---|
||**2-4**
**5**
**6**
**7**
**8-11**|
1
## _**THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG")**_ **LIFE CHANGERS ASSEMBLY**
## **Year ended 31 December 2023**
## **Board of Trustees**
Mr Olukunle Alade Adeleke Pastor Christy Adanma Fagade Dr Wilson Nkeiruka Ofunne
## **Senior Pastor**
Mr Adedotun Oladele Fagade
## **Correspondence Address**
## **Worship Address**
60 Fitzstephen Road Dagenham Essex RM8 2YL
Royals Youth Centre Viking Way Rainham Essex RM13 9YG
## **Bankers**
## **Accountants**
Lloyds TSB Plc Heathway Dagenhan Dagenham Essex RM10
Da-Silva & Associates Limited Chartered Certified Accountant 14 Farm Close Dagenham RM10 9TX
Barclays Bank Plc Heathway Dagenhan Dagenham Essex RM10
2
## **THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") LIFE CHANGERS ASSEMBLY**
## **Year ended 31 December 2023**
## **Report of the Trustees**
The trustees present the annual report and financial statement of RCCG Life Changers Assembly for year ended 31st December 2023
## **Objectives**
The principal objects of the Charity are the advancement of the Christian faith worldwide in accordance to the statement of faith , and the reliefof poverty to the general public; in need, hardship or distress within areas of operation.
## **Organisation structure, governance and management**
The Organisation is a registered charity in England and Wales since 15th August 2012. The overall control of the charity remains the responsibility of the board of trustees, who have been co-opted under a declaration of trust dated 25th September 2011.
## **Financial review**
The Charity's financial statement for the year ended 31 December 2023 shows a net surplus in funds of £5,600 (2022: Net Surplus of £741).
## **Reserve Policy**
It is the policy of the charity to maintain unrestricted funds, which are the reserves of the organisation for around 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditure that may arise from time to time.
## **Risk management**
The trustees have assessed the major risks to which the charity is exposed to, in particular those relating to the operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to any risk.j i k
In order to safeguard the welfare of Children and young people the Church operates a Child protection policy. All Children's/youth workers are carefully selected and screened and have an enhanced Disclosure and Barring Service (DBS) check. They are trained in the safe practice and work within approved guidelines.
3
## **THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") LIFE CHANGERS ASSEMBLY**
## **Year ended 31 December 2023**
## **Volunteers**
RCCG Life Changers Assembly is very grateful to all her volunteers for their dedication to service and their resourcefulness in carrying on the activities of the Charity. We are immensely grateful to all of them and we pray that the most High God will reward them abundantly.
## **Public Benefit**
In establishing it's programmes and activities of RCCG Life Changers Assembly, the trustees consider its benefit to the general public and are in line with the Charity objects of advancementChristian faith Worldwide and the relief of poverty in the lives of the general public.
The trustees ensure that the Charity Commission's guidelines on public benefit are followed in all their operations, planning and decision making.
## **Trustees' responsibilities**
Law applicable to charities in England and Wales requires the trustees to prepare financial each financial year which gives a true and fair view of the state of affairs of the charity and of charity and of the surplus or deficit of the charity for that period. In preparing those financial the trustees have:
- Selected suitable accounting policies and applied them consistently;
- Made judgements and estimates that are reasonable and prudent;
- Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Trust will continue in operation).
- The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper
accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply
with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
This report was approved on_________________________________ 2024 ______________________________ Dr Wilson Nkeiruka Ofunne **Trustee**
4
## **Independent Examiner's Report to the Trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") LIFE CHANGERS ASSEMBLY**
We report on the accounts of RCCG Life Changers Assembly for year ended 31 December 2023 which are set out on pages 6 to 11.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts.
The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011act) an independent examination is needed.
## It is my responsibility:
- to examiner the account under (section 145 of the 2011 Act);
- to following the procedures laid down in the General Direction given by the charity Commissioners (under section 145(5)(b) of the 2011 Act); and
- to state whether particular matters have come to my attention
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures 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 consequently I do not express an audit opinion on the view given by the accounts
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act;
- and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not met; or
- (2) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mrs Eileen Da-Silva FCCA MBA BA
**Da-Silva & Associates Limited**
Certified Chartered Accountants 14 Farm Close, Dagenham, RM10 9TX
Date: **15/04/2024**
5
## **THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") LIFE CHANGERS ASSEMBLY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023**
|**Notes **
**INCOME**
Donations and legacies
2
Income from charitable activities
3
**Total Income**
**EXPENDITURE**
**Charitable expenditure:**
Costs of activities for charitable objectives
4
Support costs
5
Management and administration
6
**Total Expenditure**
Net Income/(Expenditure)
Total Funds brought forward|**2023**
**£**
**Unrestricted**
**Fund**
**£**
31,137
10,000
**41,137**
15,621
19,001
915
**35,537**
5,600
24,171
**29,771**|2022
£
Unrestricted
Fund
£
26,518
-|
|---|---|---|
|||26,518|
|||9,363
15,499
915|
|||25,777|
|||741
23,430|
|||24,171|
6
## **THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIFE CHANGERS ASSEMBLY**
## **BALANCE SHEET AS AT 31 DECEMBER 2023**
|||**2023**|2022|
|---|---|---|---|
|||**£**|£|
||**Notes**|||
|**Fixed assets**||||
|Tangible fixed assets|7|**2,888**|4,618|
|**Current assets**||||
|Debtor|8|3,574|2,574|
|Cash at bank||23,749|17,379|
|||27,323|19,953|
|**Creditors: amount falling due within one year**|9|440|400|
|Net current assets||26,883|19,553|
|**Total assets less current liabilities**||**29,771**|24,171|
|**Creditors: amount falling due after more than one year**|10|-|-|
|||**29,771**|24,171|
|**Income Funds**||||
|Unrestricted Funds- General Funds|11|**29,771**|24,171|
|Approved on Behalf of the Board of Trustees on:……………...........………………... 2024
_______________________
**___________________________**
**Dr Wilson Nkeiruka Ofunne**
**Mr Olukunle Alade Adeleke**
ortison
8104||||
|**Trustee**||
**Trustee**||
7
## **THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") LIFE CHANGERS ASSEMBLY**
## **YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS**
## **1. Accounting policy**
The principal accounting policies, all of which have been applied consistently throughout the year, are set out below:
## **(a) Scope and basis of the financial statements**
The financial statements have been prepared under the historical cost convention and in accordance with applicable accounting standards and The Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) issued in March 2005.
## **(b) Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the parish and which have not been designated for other purposes.
## **(c) Income**
All income is accounted for when the Charity has entitlement to the funds, the amount can be quantified and there is certainty of receipt.
## **(d) Expenditure**
All expenditure is accounted for on accrual basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.
Grant payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attached are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
## **(e) Cash flow**
The financial statements do not include a cash flow statement because the church, as a small reporting entity, is exempt from the requirement to prepare such a statement under the financial Reporting Standard for Smaller Entities (effective June 2002).
## **(f) Tangible fixed assets and depreciation**
All assets costing more than £400 are capitalised.
Tangible fixed assets are stated at cost and depreciated on a straight line basis over their useful economic lives as follows:
Church Equipment 4 years
8
## **THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") LIFE CHANGERS ASSEMBLY**
## **YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS (Continued)**
|**2. Donations and legacies**
Donations Received
Gift Aid
**3. Income from Charitable Activities.**
Grant received
**4. Cost of Activities for Charitable Objective**
Rent
Welfare/Hardship Grant
Musical Expenses
Programmes and Conferences
**5. Support Cost**
Stationeries, Printing & postages
Entertainment
Transportation & Subsistence
Telephone and Internet
Insurance
Bank Interest & Charges
Web Design
Repairs, Renewals & Maintenance costs
Donations
Honorarium
Sundry expenses
Depreciation|**Unrestricted**
**Fund**
**2023**
**£**
26,380
4,757
**31,137**
10,000
**10,000**
7,010
1,752
3,206
3,653
**15,621**
2,303
2,117
950
144
-
-
225
1,977
7,370
1,550
635
1,730
**19,001**|Unrestricted
Fund
2022
£
21,374
5,144|
|---|---|---|
|||26,518|
||||
|||-|
|||4,079
1,515
750
3,019|
|||9,363|
|||1,227
1,749
760
144
448
13
165
797
6,414
1,700
738
1,344|
|||15,499|
9
## **THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") LIFE CHANGERS ASSEMBLY**
## **YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS (Continued)**
|**6.**
**Management and Administration**
Accounting and Finance
**7.**
**Tangible fixed assets**
**Cost**
At 01/01/23
Additions
Disposal
**At 31/12/23**
**Accumulated Depreciation**
At 01/01/23
Depreciation for the year
Disposal
**At 31/12/23**
**Net Book value**
**At 31/12/23**
At 31/12/22
**8.**
**Debtors**
Loan to members|**2023**
**£**
915
**915**
**2023**
**£**
3,574
**3,574**|2022
£
915|
|---|---|---|
|||915|
|||**Equipments**
6,921
-|
|||**6,921**|
|||2,303
1,730|
|||4,033|
||||
|||**2,888**|
|||4,618
**2022**
£
2,574|
|||2,574|
10
## **THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") LIFE CHANGERS ASSEMBLY**
## **YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS (Continued)**
|**9.**
**Creditors: Falling due within 1 year**
Acounting and Finance
**10. Movement in funds**
Opening balance
Net Income/(Expenditure) for the year
**Balance at 31 December**|**Unrestricted**
**Funds**
**2023**
**£**
**440**
**440**
**Unrestricted**
**Funds**
**2023**
24,171
5,600
**29,771**|Unrestricted
Funds
2022
£
400|
|---|---|---|
|||400|
|||Unrestricted
Funds
2022
23,430
741|
|||24,171|
## **11. Taxation**
RCCG Life Changers Assembly is a registered charity and is eligible for the exemptions from taxation available to charities on their charitable activities. No charge to taxation therefore arises.
11