THE REDEEMED CHRISTIAN CHURCH OF
GOD- PRAISE CONNECTIONS
End of Year Financial Statements
th
Year ending 30 November 2023

Contents
Ch8ri1y Details ane Tru51ees.......................
Truste6s' Report for thè ytyar ended 301h NovembEI 2023..................................
Iiidepeiident Examiner's Rcport to thè Trustees and Membors.........................._.
Slalen)enl of Financial Actlvities lor Year Ended 30th November 2023.............-.......................................,.
B&lance sheet as of 30th November 2022
Noltrs lo the FinGnci21 StaleneNt lor the year ended 30th November 2023.................................................
Summary ofAssels by Fund...............
Fund movement by type.................................-...-.....................................
Analysis of income and expenditu￿..
.12

RCCG- PRAISE CONNEcfioNS
Charity Details and Trustees
Cl)arity No:
149852
Trustees
Solomon Sonubi
EmmanLtrÈI -nirayÈtan
Gbemisola JeEede
Secretary
Solornon 5onubi
Re¢lstered Ofllce
68. Nethan Drive
Aveley
South Ockendon Essex
RM15 4FU
Accguntants
Solinx Global Accounting Services
Accountan'.s & Management Consultants
Liber¥y House
l. Clarks Road
IGI IUG
Bankers
HSBC Bank PIC
Page 3

RCCC7- PRAISE CONNEcfioNS
Trustees, Report for the year ended 30th November 2023
The. Trustees are d81ighlecl to 5ubmtt their repori and accDunls forthe yearend*d 30 Novembei 2023
The Financi81 statetne-,ts have been orepared in acwrdanca wlh the a¢￿U.-tin9 policEs sel o. l on pagcs 9 and 10 3nd cotnply
With the Statement of Recommended PracliiÉ (SORP2￿5), and any appli(able law.
Trustees
The Ttus-.ees narTred on page 3 -8ve serve{3 througm￿L tie y88'. Appoiritrnent of Tiusiees k5 govemed by the Trust Deed of Ilie
charity.
he B￿rI of TNslees is aultM)rised to ap￿Int to fill va¢>ncies arising through resignat￿1) or de.ath of Bn
exk81ing Trustee.
Investment Powers
The Trustees have the authority bestti*YI on thern by the Trust De& to rnakB and trw)Id InveslTh*nts using the charitys fund, but
no such Investment are presently hdd.
Constitution Ob'ectives and PrEnci
al Actlvities
The oblectries and prinop8." acbvit'es l-.:duoe Ihe ￿}VariCeT￿nt of Chwi5tia) Worfdwide in acwrd8nce hmth thè dodrine set
out In the Statement of fw'kh 8nd Olhu re￿Ied acti￿1￿ set oul in the TfUSt* suth as th8 rel￿01 poverty, etc.
We aim to ￿￿tore famity wJlues and ch8nge INes Ihrough *Eekly Serr[￿$ and leaching on Sundays and weekly Bible Study and
Prayer meglings.
Develo
ment actlvities and achievements In the
ear
Tn8 TrusL68S are pleased to repork +hat iqe ¢Mari'.y in ￿d1-h)n to."l)e *fekly Sunday Ser%qce. thefollowng achievements werè
m8d8 through other annual actrv lies ory8-. Yie¢ ty the Cyarity..
Resid8nls in our IoGg1 community and suburb5 were pos¢￿ve￿ 1rnpac￿ through tr8 annual (￿feren￿5 anif
Seminars organized by L4e ChaNly in Apil 2023.'the (*87ty d50 organiz& Annud Praise ExtretrÉ Music F&stp￿1 for all
youths in the h)cal communitie5 and 5ulyJrb5. Thn)ugh this mL￿1t fesiNal. we are ablo to Impact positive Christvan
values :.nto the youths wthin our k￿lty.
Thg Charity 8Lso organized a ¥Asit lo Glebe House Nutsing Fh)me forthe Eldety in R8inh3tn, Essex, to sing Chrfslmas
Card and distri￿te Chr￿tmaS grfEs'.o li￿ ￿$1￿￿$. These attracted positNe fe*YbJcks from the residents.
The charv.y provided free G)unselling serwces lusing p￿feSsI)nal ctunsdlorsl to yoynger adul:s, Adults and
Elderly persons.
Risk Mana
ement
The Trustees h8vg assessgd the fflaN)r risk5 to the Charity exposed. garti(yJlarly those ielating to the operatlon and
.financ£ and ar8 SatSfi￿ ￿1th Ihe r￿k mawen*nt in pla￿ to M￿at? any rsk exposure.
Future Davelo
ments
The Trustees a'm5 to inuga5e the gclfvi'ies o'b the Charity year in yearout.
Tho Trust￿ seek to extend Ihe5e athitie5 and are ?ur5uin9 a number of prtjgrarns to enable this to hapw. The charity wlll
(x)rrtiriU8 to focus its activit￿% to meet rts set obl￿t￿e$.
Page 4

Reserve Polic
11 15 the poliw of the Charity lo mainl8in unrestricted fL,[￿S 21 a level ythich Drowde5 SLrttioent funds to mver rnan8oetrEnl and
adminislralion and. support costs. iinr&slricled fur￿5 ￿'e expeded lo be mciniai-.ed al a levd throughout th&year. However.
durin9 Ihe year under revi8W, ther& weie ￿) rtsiricied funds ifi Ihe tnarity's D￿KS.
Statement of Truslees, Re5
onsibilities
Charity law reouire5 the Governing Body Ic p*pere finanual ststgnients for each finanoal ye8f in actord?n¢e ￿th Unit¢d
Kingdom Genera'.ty Accepted Accountln9 Praciice Iuriited King(kntn Accounl".ng S18nd8.'csl appl cablp law.
Under tharity law the Coveming Body rnu5t f%)t approve the financol slatements unle55 11 B saI￿rIed that they give a true and fair
view of the slate ot affairs of',he Chority G.-.(S o. its net ino)ming or outgoing oso.f¢ÈS'or I'"21 period. In P￿parIng the6e fill8nu81
stslements. Ihe Goveming Body ￿ required io:
Select th8 tnost sutÈable a(Munbffj policies and then apply thetn u)nsist￿ty.
Make jLdoements and a¢￿unting *iim8le5 thèl a￿ wsonatAe and prudent.
Slate whether applI￿ble acctsuniiryj sia*darts have be￿ follcwed. subject lo any fflaterial departures dis¢105ed and
explained in the finenual SiateTh*nts.' and
Prepa￿ financwl statements on the going a)ncem basis unless11 is inapproprfate to pr&surne th81 the Charity will
continue to operate.
The ￿)Ve￿i￿ Body is respK>ll5iblefor keeplThJ propw acry)unJng Y￿rdS Ihal are sufficient to 5howand explain th8 Cha￿ty,5
trans*ions and di5C.'05e rea5(￿?bae accuracy 8t 8ny iirne finawal posit'on of the Chèriiy and enable it to ensure thal
the financial steterne.its cotnpty wilh the Ctriartbes Ad 20 11. It ￿ a150 wponsible for s8feguaiding the ass815 of Ihe Ch£rity and
ensuring their FToper applicat￿n unoer char.ty and henrEfor ts￿1￿ reasonab￿ Steps for the prevenlion and d8t6ction olfravd
and olhu Irregularit￿$.
roval
This r8POrt was approved bylhe Board OfTnk$￿ on the
3fKJ 5kJned on Iheir behalf by..
Tru8t88'.
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RCCG- PRAISE CONNECTIONS
Independen(. Examiner's Report to the Trustees and Meinbers
Wo repTh i on Ihe fIn￿CIal slalÈFfiÈnts Jl the ftk-ai-eiyfcr year ertr￿ 3Q Novenibèr 2023 wh.(*. are sel oul bolow. and 110tes lo
the financial statements oli pages 9 to fjo.
Res
oclive Res
onsibilities of Trustee% and Examiner
As thÉ Trustees, you ￿ responsible furlhe preparation of the ac¢xunls.
you ￿nSider tha( an 8udit is not requir￿1 for thi8 year (under sethon 43(21 of the Charity AL11993 Ilhe Adl and Ihal independent
exaiiiinalion is needed.
It IS OLII ￿$￿nsibilItY lo.
Ex8mino Ihe 8ccounl under s￿00￿ 4313Xal of the Act.
To follow the pr￿eduleS laid in the Genefal Diredions by the Charrty C<)mm&sion (under section 4317} Ibl
of the Act,. and to slate whether particular mattets Mave cy)rrt to our attention.
Basis of Indo
endent Examinerfs Re
Our examinatv)n was carried out in ac0)rean￿ the Geierd ￿r￿.￿}-.S gNen by tre Charity Commissioner $. An examln8tk)n
n¢luces review of the accountiffj records kept by tr.e Ttuslees ané è comparison of the accx)unts p￿se￿Ie￿ wth Ihose records. It
also includes ￿ns￿eratI0r, of aiy unU*ual-.ter￿ er e sdosures in itr.e èccnunts and, seekin9 exJl?nalions from you as the
Trustees concErning any such m8tlers. The prO￿￿reS unde:.tsken th) prowde all the evidenc£ tliat would be required in an
audit and consequenb'y do rK)l express an audit opinh)n cxi the VMY given by the ac￿Unts.
ort
Indo
endgnl Examinerfs Statemont
In accord2n￿ with I￿.e exam n*￿07% ro matter ha5 come to (xjr at*ellt￿n whith gives us reasonable *xuse-.o believe that in any
ma*eri31 respect that the r￿Ul￿entS lo keep ac(x)unting re(xyds in &(x)rd8nce thrflh s￿￿orn 4 1 of the Act., and to prepare
accounts wliich agoe wilh the ￿coUn￿TrJ recorts aw io ry)mply wth the awun'Jr,g ￿quire￿rien1s of the Act have nol been mel
or to whkh. In our opinion. atlerrtion s,iould draw)":n o",der lo enable a prope., und¥sl?ndinq of the aGcounls to be reached.
SOLINX GLOBAL ACCOUNTING SERVICES.
(Accountants & mufr7agefr7￿lt Consuttontsl
Page 6

RCCG - PRAISE CONNEcfioNS
StatemeNI of Financial Activities foi" Year Ended 30th November 2023
Unrestricted
Fiinds
10?3}
Restricted Ei ndovrfnicnl
fuiids
(20231
1.olal t'iijids
(2022)
Income and endowments from:
Donations, legacies and other Income
885,080
885,oeo
470,957
Incomp from cli8Titable activities
Investments
Other income
Total income
221,270
221.270
119,739
141
590,837
1.106.350
1,106,350
Expendlture on:
Exp8ndiluTe on Charitable 8¢t1V￿&S
Don8tioTrs lo other Gharilies
Total èxpénditurè
267,564
2.050
269.614
267,5
2,050
2e9,614
131,814
250,684
382,498
Gainsllosse5 on investment assets
Nèt income I lexpendlturel resources befor*
trdn5fer
836.736
836,738
208,339
Transfers
Gross transfers between funds- in
Gross trdnsfers between funds- out
Other recognlzed galns I losses
Gains on revaluation, fixed 8ssets, Charyty's own use
Nel movement In fund5
836,736
836,736
208,339
Totsl funds brought fornfard
481,560
481,560
273,221
Total funds carrled forward
1.318296
1,318,296
481,560
Thgre wore no recognized gains or105ses for the
year other those Included in the statement of
Financlal Actlvltles.
Page 7

RCCG- PRAISE CONNECTIONS
Balance sheet as of 30th November 2023
Cla&s
Deseri
tioii
2023
2022
Flxed assets
TV set
4,219
5,625
Camping Canopy
PA System
Proj8cior
Storage trailer
Computers & Laptops
Musical In5trbments
Multi-media Equipment
Minibus
Projector Sueen
Alutninum Church Pulpti
Dnjm Set Instrument
Spe3kerTrolley
Total Fixed assets
1,688
10,547
1,835
9D
12,926
8,712
9,207
11,222
2,250
14.063
2,447
120
17,235
11,616
12,276
14,962
4,206
275
64,926
5,6D8
366
86,$68
urrent assets
Bank 88lances
Total currorrt as$•ts
1318,296
1,383,222
481,560
568,121J
ReseNes
Excess I Ideficitl to date
Startiny balances
Total Reserves
836,736
481,560
1,318,296
208,339
273.221
481,560
Represented by funds
Unrestricted
Designated
Restricled
Endowment
Total
1,318,296
481.560
1.318,296
481,560
Trustee Member=
On:S
Page 8

RCCG- PRAISE CONNECTIONS
Notes to the Financial Statement for the year ended 30th November 2023
Ac.countin
Policies
Principal 3CCOUntlng policies
The finaneia,, ¥.aleMent has beejl PFepared undei the hislorical u)51 (x>nvenlion and in ac£D[dan￿ with Ihe Statstnent ol
Recotntnenkned Practice ISORF 21KJ51, 5?pI,'￿hle a(xx)unling sland81-dE a-, d Ilie Ctr.èrilies Act" 993.
The Charity -as taKW ￿¥antaSe of the exemption in i-.e FinarKi(i RekK)rtiro Slandard from the requirement lo produce a
¢ashlow stalemenl on the grourid that It qualffies as small chanty
Fixed 8ssets and depreclation
TanGible fixed assets for Ihe year by the Charity are slated al oJst deprecllglion. vffttlen off on a str8ight-line b8SiS.
DepreCjat￿n is provKled & rates calcvlaleit 10 wrtte off the ￿st or valualKin Df fixed a55els'.
Furniture. Fitbng & EquipffEnl
25%
Incomlng Resource5
These are ino)me trom offer1r￿, rth￿. t*)nalton$. Gffls aid etG
Charitable Tradirtg Ineome
There Is no in(ome gener8te(S Irorn any CharIta￿e trading éurirMJ Ihts period.
Taxatlon
Th8 charity has received charitabl& 8x8mption undeT SeclK)n 505 of ihe IrKx)rn8 8nd Corpordtion Taxes Act 1998.
Value Added Tax (VAT)
V?I'Je Added Tax is not reix)verable by the Charty and as noi in tho Td8vant (x)st in the Staternent of Financial
Aclivilies.
Expenditure
Exp8ndilure 15 indud8d in th&fin8￿81 ststem8nl on an ￿AXUal bas￿.
G,.anl, dona(kJn, and grfis re￿1vable for thÈ general purrx)se of the Chariw ar8 credited to the Statem8nt of Financial Actwities
ISOFAI in tho year they are r￿￿ed.
Page 9

RCCG- PRAISE CONNECTIONS
Cotltlnuation of Notes to the Finanrial Statement5 forthe year pnded 30th November 2022
Resol1r￿￿ exPen￿E￿ indude Ih05e charrfable expenditvres thich gr8 tIK)5e (￿15￿ inwrred tyltte ch8rily in th8 deliver3nce Df ils
aclivibes services.
It ncludes both costs that Can be 811gCat8d dire(* 10 such and th)se costs of an indi1￿ naluie ne￿sSary to support
them.
Unre$tri¢ted Gefttral Fun& Compr￿1ng Funts (xrb be used in am)rd3nce wlh tho tharrtab
objects at Ihe d15cre".ion of the Tru5tee5.
R¢$trlcted Funds-Restrided fu￿d5 a* whid) can only be used forthe SDe(ific puipose as12id out by the donor.
Exp9nOiture whth meets thts criterion ks ioentI5eo to the knnd. tog&1￿rV￿th a fair 211(Kalon of overhead8 Cost. There ￿￿te t
triCt￿ funds duriro th8 year.
Page 10

Summary of Assets by Fund
Gen¢ral Desi
tiated Restrkcted Ei Jidoii'nieiit
2Q23
2Q22
Fixèd assets. Intangl￿e assets
TVs$l-
4,219
4,219
1,688
5,907
5,625
2,250
CaM￿ng Canopy-
Totals
5.907
Flxod assets. Tangible asséts
PA System-
Projector
storage Ir8iler-
Computers & Laptops-
Musltal |ps'.rurnerls
Mulli-Medi8 Equlpm8nt-
Minibus
Dwm Set Instrum8nt-
Speaker froll8y-
10,547
1.835
90
12,926
8.712
9,207
11,222
42
275
10,547
1,835
90
12,926
8,712
9,207
11,222
4,206
275
84,926
14,063
2,447
120
17,235
11,616
12,27S
14,962
5,608
366
86,568
Totals
Current ass81s- Cash yt bank and in hand
Bank Baknces-
1 318296
1,383322
1 318296
1,383,222
481,560
568,128
Totals
Grarnd lotal
1 383,222
568,128
Poge 11

Fund movement by type
eiiin
IDCOillili
Out
oin
Trjiisfers GakIisAo¥ses
Closiii
Buildlng. Bullding Fund
Unr&lriclÉd
450.000
450,000
450,000
450,000
Sub-total tor Bulldlng
General- General funfl
Unrestricted
48".,560
481,560
26a614
{269,6141
888,296
1.318.296
8ub40tal for General
1,106,350
fievalvatlon roserves
Desionale
5uts.t¢>tal lor REvaluation
Grand total
481,560
1,106350
269 614
3,318,296
Prtge 12

Analysis of income and expenditure
ni'estricted Desi
EEaied Resriicted
Eiidoii'ii)eiiÉ T]LÉ
ear
Lag(
INCOME AND ENDOWMENTS
Donatlons and legacie5
Tithe and Offerings
Thanksgiving doyations
Donations tDwards buildings
500.WO
156.350
450,000
400,141
7D,957
156,350
Total
1,106,350
471.098
Income from charitable activities
Donation lo Church building includiThJ
Gift Aid Received trom HMRC
Charities
221.270
221,270
fj19,739
Total
1,327.620
1,327,820
590,837
Investments
Income from Other Investments
Total
Other income
PRI 08- Loan Repayment r8ceN6(1
Donations towards Rgtr8al
Total
INCOME TOTAL
1,327,620
1,327,620
$40,071
Page J3

EXPENOITURE
Expenditure on charttable actlvitles
Minislei s Stipend Expenses
Otlier Ministry S'.aff Cosu
Renl-Hall lor church S?tvices
Other Local Costs including others
Professional Fe8
Publicity and Enlertai-.ment
Staffs Training and Education
AcGovnl8nry Fee includlng gift Aid
processing
Stationeries and Printir
Dc>n8tion8 lo Other Missions and
Charitio
Assets Repairs and Maintenance
Assets Depffciation
Insur&nces
2023
14,150
31,713
2.970
105,887
5,996
14,866
2.15CI
2.864
2023
14,150
31,713
2.970
105.867
2022
22,360
16,520
12,430
56,478
25,912
12,141
10,850
1,400
5,996
14.866
2,150
2,864
2,050
1,700
21.642
1,572
207,500
2,050
1,700
21,642
1,572
207.560
30.850
18,694
38,473
Totsl
250.fj84
Other expenditure
PFQOOg - Soffv¢are and IT
PR2010- Acccmmodation and Trdvel
PR5001 Loan to Other Charities
PR6001 - PA & Multi-media System
Accessories
PR6010 . Bank Ch8rges
1.172
59,710
1,172
59.710
49,300
52,490
1.000
29,650
172
62,054
269,614
172
374
131814
382.498
Total
EXPENDITURE GRANO TOTAL
269.614
Page 14