THE REDEEMED CHRISTIAN CHURCH OF
GOD- PRAISE CONNECTIONS
End of Year Financial Statements
th
Year ending 30 November 2021

Charity Details and Trustees.........................................
Trustees. Report for the year ended 30th November 2021_.
Independent Examinerfs Report lo the Trustees and Membern....
stat8menl of Financial Activities foryear Ended 30th Novembgr 2021 ..........................
Balance sheet as al 30￿ Novembar 2020..
Notes lo the Financial Statement for the year ended 30th November 2020................... .
Summary of Assets by Fund.... ..
Fund movement bytype.......
Analysis of income and expendrture........... . ..
11
.12
.13

RC.C.C: _ PRAISF, CONNf4 CTIONS
Charity Details and Trustees
Charlty No..
1149852
Trustees
Solomon Sonubi
Dr Julius 04unbor
()layiwola Olubukol4 Ajala
%llniLLel Akpan
Seerttiry
Solomon Snnubi
R¢%lytered Offlte
68. Ncthan t)rive
Avelev
Sthuth Oekendon Essex
IiMI54RI
A¢covnt4nts
8olinx (slobAI Accounting Services
Accouiitanis & Mana¥¢m¢iit Consultanls
Liberty H(IiJ8e
(.'lark$ Roftd
B#nkerg
HSBC Bank Pl¢
Page 3

RCCG - PRAISE CONNE
TION
Trustees. Report for the year ended 30th November 2021
Tho Trustoe6 are dg1ight•J to rwrt and ¥cc4)urts Ic* th• ye81 ended 30 frSJv*nber 2021
The Financial 5taternents have prtyMr*d in a(xiJrdancè the a¢cfjunliTrg polKies soi wton Pa￿ 9 •nd 10 and eomply
with thè Stalerfftnt of Recomm&rnled PT8cIic8 ISORP20051. aThd any ￿pIrab￿ ￿w.
TYu8tee•
The Trustees nAm•d on page 3 hav• 8•N•d th• ￿•r b•P￿1￿1M￿n¢ ofTnMteu 18 go¥•mNI by the Tr￿1 D88d of th•
charty. The Bo8rd ofTruBt••8 Is author*•J to apont nw* Trus*•S to fAI vxanciis arisiry I1￿U9h ￿3￿natI¢ll or d•ath of an
exisb'ng Tmste8
ntp
Thè Trustees hav8 the authority b•sttrA*d on Ilhyn Tfwt to aThJ InV•stn￿ts using the charrty's fund, but
no $u¢h Inv•strrnnt FX•88nly h•bJ.
Itutton Ob
andP
The obJe¢tiYeB prfncpal acuvitos Inckth advan(*rr￿1 Ll ch￿1*•n FAith in ar£ofd8nca with the deLtrlne 891
out in the Sttsrnnl ol farth 8nd cthtsr ￿￿ted activilitrs set oul in lh• Trustee Oeeds. such •$ the reliol tsf povety, #te.
We Jim to r•8tor8 vol￿9 and ch•rgp thw¥￿ fh*•kly •Thl texh* on &Jnday• and **ekly &'bk* study •nd
Pr•y8t meetmgi
Devol
Th? Truste98 are p￿aSed to r8Wt that the ¢haity in •ddrtM to th• We￿ Sundty S•rv•>. th• Idlrth4ng •¢h6#v•m•n18 wor•
m•do through other *fiual organ4zed by lh• Ch•i6ty
Re¥k*8nts In Ouf bcal eommuThty and irtjuth w•r• po•thty wryxtthl lfvough th• ¥nny￿ eont•Mn¢g1 and
S•min8rs organizetl by the Ch*rty in April 2W21, Iho ¢hBrty •IK4 opaonized Annual PraiB• EKtrgme Mu8ic F•ihval for all
yguth8 In th8 kxal communit*s wburb8. Thrw IhiB muwclesti¥al, w• ar• abb lo Impact PO8rtiv# Chrl$tian
V8lu•s Into the y¢x*th4 wrthin our tyxa
3. The Charty ￿80 orqanTrz•d * vthit to G&7te Hou8e Nurning for Ekjerty in Ranhorn. E$sox, to sin9 Chii$tr7)8J
Corol And drftrknult Chrislmo8 to r•skJ8nt8 activitJ•8 •ttraeitrd po8Mv• feèdbaths frorn thè ros￿•ntI
Th• charity aL50 prov*1￿ fr•è c￿nse￿Ing aar￿L*S (￿¥d c￿￿￿110￿) to youn9•r adults, Adutts and
Eidgrty F•rI￿a
ana
Ttt• TnNl8es have 088ess•d the map)f r*ks lo which tho Charity is •Xkwèd. Ihw r8Jllting to tho 0￿ratIon •TrJ
ffnanc• gnd are salisfiod with Ihe rlsk monapmnl SYS￿ li pbce kn rnrtyte ary itk exprour•
Fu￿r
lo
Thè Trustees aims to Incr888• th• ol thè C￿11￿ y¢8r in oul.
The Trustees 988k lo exknnd tho80 activi11￿ an¢J •re pur•ulng a n￿rI)￿ (I progFaN¢ lo Ihlj to h&Fyn Tha charlty wlll
conbnuo to locus its 8C1iTrthI￿ to moet tts set otiectives.
Page 4

Roserv
It is the policy of the Ch8rty kn mointain unre6trictsd funds at a level which piovides Bufficknl fvnds to ctsvor managemènl and
administration and, Support Costs Unrestricted fund$ are expècted to be maintained at a ltrvel throughout the year. Howgver.
during the year undèr rev￿, there wefy no rg$trictsd fund$ In the chantys books.
tatsm
nt f Tru8
Ch8rity law rtrquires the Governing 8ody to p￿pare financial statoments for financial year in 8¢¢ordanee with Unrttd
n￿oM Gantsralty Accepled Accounting Practice (Unit￿$ Kingdom Accountin9 Standardsl and appliG9bla law.
Und•r charity law Ihg Governing Body must not approve the financial 81Otsm•nts unle88 It 18 Sat￿fied that they give a Ime and fair
vlw of the slate of aff8irs of th6 Chadty and of It8 net ineL>mln9 or outgoing resources for that pariod In preparino thesè Ilnanc4al
statements, Ihe Governing 8ody is requlred to.
Select tho most 8Uitable 8CCOUAllng pollc*s 8nd Ihgn ￿p￿Y them con$*l¢ntty.
Make judgèments and accounting esllmates that ar8 reasonabl• and prudent.
&ate whethef appIiGablg aceountlng 8landard# hav• been folh)wed, 8ubiact to any rnaterial d•p8rture8 di¥elo8ed and
¢xplalned in the fnanclal $tatsmènts. gnd
Prepare Ihtr ftn&nclal stotgm8n15 On the golng concom bmls unl•88 11 h Inappropriata to pre$Ur￿ that th• Ch8rity will
ontinuè to operat•.
The Govèrlling Body Is re8pansibtè foi keeplng propgr aecountlng re¢ord8 thot Bre sufflclenl to show and •Xp￿In the Charity,
ITan$a¢llons and discloge wllh reasDll8bL* accuiacy at any IIFM lh• fln8nci81 posillon of lh$ Ch8rity gnd enable Il to *n5ur• that
the Ilnancial gtalemenl8 comply wilh tho CharitI8s Act 2011 11 1$ also rasponsible for $8f8guarding Ihe a$w18 01 the Charity 8nrS
$n$uring Iheir propur *ppllc8tion undw charity law and hen¢4 for taklng rea6unab* Bt8ps loi the prevgntion and dgleclion cf fraud
and other irr8gulariiieB
rov
Thio report W•8 approved by th• 8oard ol Tru$tee• on lh•
JL 8nd 8Sgn•d on th•ir b8h•ll by
rru&lee
Page 5

RCC
- PRAISE CONNECTIONS
Independent Examinerfs Report to the Trustees and Members
We report on the financial stale¥r*nts ol the Charrty for ts yearendgj 30 Nosember 2021 which are out b8bw. and nottrs to
th? fin8ndal 8tste￿ts cl) pages g to 10.
tlve Res
slbllftles 0
Examlner
As the Tw8tee8. YOU are responwble loi th• prepar8kn of ts ar￿unts.
you o)n$kJ8¥ Ihat an audit rJ not ¥tqusred lor thkry year luThJer s¢ctitin 43121 of Il* Charty Act 19931th• Act) and that independenl
examinat￿n b need&Y.
11 i• our Tesponstsility to
Ex8min8 th• a¢￿￿nI urthr 8Klbn 4313M*l of Il• Art
To follow th8 pr¢codwes lahd d¢y4vn in the General by ts Charity Con)Moion luTrJer seclion 43171 Ibl
ol thek4.' •ThJ to 8ts* whgll*r Part￿l•r moliern hthY• to our attention
l Examinorf Re
Our oxominalK*n was Cor￿ out In xxordance Tr*ith the Ger*r81 th"r8CtIo￿ by the Charty CommissK)ner a An ex8min8tion
inclu(Jes r9V￿ of the ac¢ounting r•cofd• kept by tho Tw$le¢s and 0 comp811￿n ollf* •¢county prgsent&d with th089 records It
81so IndLKlè$ con$ideratbJn ol any unugu81 or wi the accounts and, 88¢kng expl•n8tKJn8 from you as th8
Trust8a8 eortcwbng any sueh mattern. Tho ryoc*dyre6 ￿thrtaken do not yovKJe •ll lh• gVh*nc• thal *￿UkI be r8quir8d in
ydit and corwqwnty ￿ do not •xkYes8 an on IM w•n by lh• Kownt*.
Ind
end
min
men
In 8ccordar¢c8 with t}￿ examinatb)n, no matter h#8 eoftK• to ow attentb)n which tyv•s us rea60nablè co￿8 to fftal h •ny
m8teFl81 le8￿¢t Ih8t the requiren*nts to keep at£ounUng tèg)ril8 In xcorrtane• wth ￿¢trOn 41 of the Act,. to prepare
a￿lIn18 wh￿th agree th8 Octo￿11￿9 r•corth ar¥J lo corrpty wth the 8minkng requ1￿M￿n￿ of the Ad havo not been f[￿t
gr to whlch, In our op￿lon, attènl¥)n •houhJ t• drnwn in Lyder to •nab* 8 prwr un¥Jwstsnding oflhe J¢¢ounts to be ￿ached
SOLINX GLOBAL ACCOUNTING SERVICES.
Page 6

RCCC- PRAISE
ONNE
ststement of Financial Activities for Year Ended 30th November 2021
Unrestricted Restricted E•do￿tAt
(2021)
Funds
2021
fullds
f￿ndS Tothl funds
(2020)
total funds
Donath￿S and kgacaes
431.625
431.625
487,150
107.
107,9
97,455
Investments
Other inccTho
Total In¢om•
125
684.730
510.071
540.071
Expondlturn ow.
Expenditure on (*ar*able adpths
Donations lo cthw
Total •xp•ndltur•
178,409
101,552
400,391
170,982
671,373
101.552
G¥inslh)sses on invgslmert assèts
Not Incom• I l•xponditw•} rnsour¢•• l)•fry•
transf•r
228.863
13,367
TrnMf•v•
Gross transfers betww fuThts-
Gf06S transfers fvnds- c￿1
other re¢ognlzed g•ln• I10880•
Gains on revalualK)n, Ilxed assds. ¢ywn use
Il•t mov•m•nt In funds
228.863
228,863
13,357
Tatal lund¥ brought for*afd
31.001
Tatsl funds Caff1￿ for*ard
273.221
273.221
44,358
Thre w•rn no v•cognlzod gains or lo•se• f¢yth•
ywr oth•rth￿e inelud•d In th• sl*lem•rt of
Flnondal ActlvlU•8.

RCCG - PRAISE CONNECTIONS
Balance sheet as of 30 November 2021
Clsss
Deseri
2021
2020
Flxod
10,IMO
4,000
25,000
4,350
213
30,640
20,650
21,824
26,599
Camping Campy
PA System
ProieLtc
StoraJe trai
Computers & L¥lops
Musical Instruments
MultkMedi4 Equ￿￿0￿
Mini Bus
Pro1￿1(*
A￿mInuM Chwth PL*rft
Drum Set Instrumw
Speaker Trob
Tot•1 Flx•d 4u4ts
18.750
3.282
22.980
15,488
16.368
19.949
7.477
S50
116822
Curr•nt au•t•
Bank Balan￿$
15.623
169.518
Reserv•s
Excess I (der￿t) lo d*•
Starting balance8
Totsl R•••p
13,357
31,IX)1
44.368
273,221
Ropre••nt•d by fvnd•
UnrestrKled
Designated
Re$l¥ided
273,221
44,358
Tolal
l Tustee Member:
11
Page 8

- PRAISE
NNECTIONS
Notes to the Financial Statement for the year ended 30th November 2021
Accountin
Poli
Prlncipal ateountfjny polict•s
The linan¢i81 siattment has trAen P￿￿j ￿der ts hl8brical coStwn￿tth ar￿ in •ccordane• wth the Ststernertt ol
R•comft￿nd8d Practir* ISORP 200SI, applrabkry aCCoL￿tin9 Stwdards Ch8ri1tets Act 1993.
The Charity has takan advantage ofth8 èx•nytth in th& Finanual Roportry Standanl from the rnquirnff*nt to pr¢xluce
eA6hfiow otst￿￿nt On lh• wuTrJ thai it quaIrf￿ as small charity
Flxed •16•ts and d•pr•cl•tlon
Tan9ibltr fix￿ a059ts for the year by the Ch•ity •r• 811￿j at q>st les8 dw•d•tion, Wrritt￿ off en & $traighl-lin• bAsiB
D•pr6rAAUon is pftyv1￿ al r•l•s cabjloknd to 4¥rrt• oll or ¥*1￿4tiOn offixwj a8MI8".
Fufniture, Filth'ftg & Equlpiiw
25%
Incomlng R•8oure••
The80 arg )n¢omè from Off•rny, Trth•s. Oon•lwJrn, th *iJ •
Charlt•bl• Trndlng Ineom•
Th•r• M no In￿Me p•Mr•l•a from Wby Chaitatilti tradino porK¥J
Tax•llo
The Gharty #88 r•ceNed thorttst4• •x*TYti￿ uThJ•r S•don g)5 ofth• Incotm a￿1 Cow*tion Tw•s Aet 1898
V*lue Addtd T*x IVAT)
Value NAd•d Tax J6 Th)t ￿L￿wrobl0 ty tho Chaity and M 9￿h Th)t inthd•J in thg r•l•vant CLXt In Ihè Statarnent d Flnan¢ial
A¢livitkrys
Exp•ndltur•
Expenditur8 is Induc￿ tn Ihe ftnwltl￿ 8tst•nwrton ￿ f•Xn￿I bA
Grant. d¢)n*tK)n, and gffts feL*N￿ for the gwnornl purpo￿ of th• Ch8nty •rw ueditthj to the satèn￿l of Fin8nci81 ActNthB
ISOFAI in Ihe ygar thgy ar• r•cepi¢d
Page 9

RCC.C - PRAisf, CONTNf,CTIONS
C.ontinu%fion ofNottS to thc Fillantial Statcruents for ih¢ y¢*r ¢ndtd 301h Novtmher 2021
Resources 8xpended include thos• charitable trxpendrture$ whith are th058 eo$ts incuried by the Charity In the d911veran￿ of ilts
activitie$ and seNic85
It Includes both wslsthal can bg allocated dirtetly to $ueh a¢tivitle8 and those co8ts of an naturo Me8ssary to support
th&m.
UnroBtrlct•d G•n•ral Fund. ¢ompri$ing Funds which ean bt ustsj In accordan￿ wrfh tho charil8bl8
objects at the discr8tDn of th• Trust••s.
R•*trl¢t*d Fund¥-R8str*cled funds are fvnds which can Only be us8d for the spe¢ili¢ purpps¢ as Lqid out by tho donor
Expendlture which mgets th*$ criterion Is rfgntifi8d to tho fund, twthor wlth a fair allocation of overh8ads ctssi. Th$w woro no
rèstr￿1•4 fund8 during the ytsar.
Page Il)

Summary ofAssets by Fund
General
*ted Restricted Endowment
2021
2020
7,500
10,000
4.000
14,000
CamF4ng Carw.
11XXKI
10.500
Fixed ase•t8. Tanglbl••••¢l•
PA Syst•m-
18.7
18,750
3,262
25,000
4,350
213
30.640
20,650
21.824
26.599
9,969
850
103,695
StorAgetralkn.
Computerg & LBP*_
Musical IrBtruments-
m￿￿me￿* EqwFrnrt-
Mlnl B
Drum Sol Inslfw)wrt-
Spoaker Trollw.
22,980
15,488
21.824
19.949
7.477
488
116.422
15,488
21,824
19,949
7.477
11S.422
Curr•nt a82ets. Cwh •1 l>•nk •nd In hwd
Bank Balance5-
273221
Tcthkn 273221
281968
169618
Page Il

Fund movement by type
TrI￿reT5 Gain511058
Closin
Building- Buildlng Fund
Unr8stridad
1W.OLK)
Gerwral- General lund
UnrestriGteil
44.￿7
1.071
540.on
311.5)7
311,207
273,221
t*svJnated
540N7t
273,221
Page 12

Analysis of income and expenditure
TtstAI
*ted Restricted
Endowment This
Last
INCOME AND ENDOWMENTS
Donations and19gaci08
Tf(he 8fL(l Offerir¥Js
Thanksgiwng donatwffis
Donatio￿ towards InslrLmertafBts
T(rtal
331.468
1(X).697
331.468
1(KJ.697
i(M).(
89,820
431165
432,16S
189,820
Income from charhabl• acllvlu
Donation lo ChuTth btmfvjing indUd￿g
GrfIAid Rec*Ned from HMRC
Charrtlgs
107.9
107,9)6
297,455
Total
640.071
840.071
487,285
Inve8tment•
Ino)me from Othor
Totsl
Other Income
PR108- Loan Repayment r￿1ved
Oonations low¥ds Retreal
125
Total
IIICOME TOTAL
Page 13

EXPEIWITURE
ExpOndi￿re on charftable activilies
Ministerfs Stipend antl Expenses
Other Ministry Staff Costs
Renl-Hall for thurth S8fVK*S
Other Lo￿1 Costs induding cth
Professional Fee
Publicty and Entertairment
Staffs Training and Education
AC￿UntancY Feo indthknj grft AK[
proL%ssing
Slalionerie5 and Pr￿￿"n9
Donations to Other Missions and
Charilie
Assets Repairs and Maintgnanc
Asstrls Dgwe¢H
Insurances
2021
15,0
38.381
12.4x1
14,950
2021
15.IKJO
38.381
12.430
14.950
21,912
10,141
10.850
2020
12.000
86.593
64,0
101.455
12.954
25,OLK¢
16.OLXJ
21.912
10.141
10.850
20.850
21.694
38.473
4.576
20,850
21,694
38,473
4,576
209,657
63.527
15.457
38.374
4.576
444,936
Other exPend￿r•
PR2009- Soflware and IT
PR2010. A￿0￿mOdat￿)n and Travel
pR5￿]1- Loan lo Olhef Charrt*s
PR8001 . PA & MuRkMedla Systwn
Accessories
PR8010- Bank Charg88
44.272
34.7
44,272
34.7D)
2.795
5.610
5.083
246
101,551
311,207
Totsl
EXPENDITURE GRAMD TCITAL
101,551
Page 14