Charity No 1151040 The Chosen Generation Assembly RCCG Annual Accounts 31st Decembei 2023 C.J.H Accounting Limited 226 Sandy Lane Droylsde Manchester M43 7JX The Chosen Generation Assembly RCCG Contents For The Year Ended 31st December 2023 Page Reference and administrative detaik of the charEty Truslee5' report 2-5 Independent examin8rs ￿pIXI statement of financial activities stalement of financial position Notes to the financial Statements 9-11 The Chosen Generation Assembly RCCG Reference and adminlstrative details ot the charlty For The Year Ended 31st December 2023 Trustsas Deaconess Abiey(wa van￿e￿I Adeyemi Odutola Doris Olushola Oyegade Veronica Oyebadejo Charity Tegistratlon numbgr 1151040 Prlncipal office 383 King8way anchester M19 1NG Indepgnd¢nt examiner Georgina Russell Bankers Natwest Page 1 The Chosen Generation Assembly RCCG Trustees report For The Year Ended 31st December 2023 The Trustees present their annual report together wrth the financMI statements of EVangelAssembl￿S of God Church (the charity) for the ended 31st December 2023. The Trustees Confirm that the annual report and financial stslements ofthe charity comply with the CLTrrrenl statLrtory requirements, the rèquirements of the charity's govemirKJ document and the provisions of the Statement of Recommended Practice {SORP}"Accounting and Reporting by Charities- p￿parIng their accounts in a¢cordan¢e with the Financial Reportln9 StarHlard appliCa￿e in the UK and Republic of Irejand {FRS 102) issued 16 July 2014. STRUCTURE. GOVERNANCE AND MANAGEMENT GOVERNING DOCUMENT The charity is controlled by ils goveming documen( a deed of trust. and constitute5 an unincorporated charity. RISK MANAGEMENT The trust&es have a duty to identify aTrd review the risks to which Ihe charty is exposed and to ensure appropriate Controls are in place to provide reasonable assurance against fraud and errer. OBJECTIVES AND ACTIVITIES OBJECTIVE AND AIMS The objective for the charity is the adVan￿ment of the Chrisliarl Faith for the public benefit. in arcordance with the doctrines Set out in the statement of faith. The alleviation of ptsverty. Help the youth stay away from drngs and gangs. STRATEGIES FOR ACHIEVING OWECTIVES The ¢hurch has adopted the followtng strdtegies achieving tho above obi8ctives-. Support for other charihes and events wth Simlar obiectNes. Social action initiatives in *he communty Assisting immigrants, espectalty in thè area of accommodation. ACTlVtTIES FOR ACHIEVING OBJECTWE8 The main adiw'ties of the church are as follows.. Sunday servrce Sunday schoolfor all ages of children Weekly night Bible Studies and house fejlowships at vamus centres. Our seNces run virtual (Zoom} and physicalty in church. VOLUNTEER MANAGEMENT The chur¢h Is gratefvl for the unstinting efforts of rts volunteers who are invdved in services provision, office work and administrats"on. Page 2 The Chosen Generation Assembly RCCG Trustees report {contlnued) For The Year Ended 31st December 2023 INVESTMENT POUCY AND PERFORMANCE The trustees have decided that at present. funds should be retaine them indude finding accommodation, how to navigale the system. offering advice on getting jobs, among others. FINANCIAL REVIEW RESERVE POLICY The statement of the finan¢Fal activities shows a deficil of £2,778 and our net assets stand at £92. Principal F￿dIng This is provrded mainly through volurrtary tithes and offwings by the church members. Page 4 The Chosen Generation Assembty RCCG Trustees report (continued) For The Year Ended 31st December 2023 STATEMENT OF TRUSTEES. RESPONSIBILITIES The Trustee5 are resporEible for preparing the Twstees, report and tho ffinancial statements in accordan￿ with applicable law and United Kingdom Accounting Standards (United "ngdom GenerallyA¢cepled Accounting Practice). The law applicable to charttie5 in England & Wsles requires the Twslees to prepare financial statements for each financial year ￿tch give a true and fair view of the State of affairs of the charity and of the incoming resources and application of resour￿ of the charity for that period. In preparing these financial 8talements. the Trustees are required lo.. select suitable accounling policies and thet) apply them consistendy.. observe the methods and principles In the Charities SORP-, make judgments and estimates that are ￿asOnable and prijdent., state whether applicable UK Accounting Standards have been foNowed, yubject to any mateiial departures disclosed and explained in the financial statetnerts-, prepare Ihe financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue In operation. The Trustees are responsiblè for keeping proper accounting records that disdose wlh reasonable accuracy at any time the financial position of the charty and enable them to ensute ihat the )Inancial statements compEy with the Charities Act 2011. They are also responsible for safeguarding the assets of the charty and hence for taktru reasonable Steps for the prevention and dete(*"on of fraud and otrEr irregularities. Thrs report was approved by the TNstees on 3rd October 2024 and signed on their behalf, ty" Veronica Oyebadeio Page 5 The Chosen Generation Assembly RCCG Independent examiners report For The Year Ended 31st December 2023 I report on the accounts ()f the Charity for the year ended 31st Decemker 2023, wh￿h are set out on pages 6 to 10. Re¥pective responsibilitiés of trustees and Èxaminèr The charity's tru51ees a￿ resFonsible for the preparation of the acC￿Th￿ The charity's trustees consider Ihat an audit ￿ not required for thÈs year (under Section 14412} of the Charities Act 2011 (the 2011 A￿) and that an independent examination is r￿ul[ed. It is my responsibilty tts.. examine the accounts under s￿lI0n 145 ofthe2011 Acl to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(51(b) of the 2011 Act).. and to state whether partic￿ar matters have come to my attention. Basis ofthe Indgpend•nt examin8rfs rnport My examination was carried out in accordance wth the General Directi￿S given by the Charity Commtssion. An examination indudes a review of the accounting records kept by the charity and a comparison of the aGcounts wesented with those records. 11 also inckndes consideration of any Unusu￿ items or disclosures in kne accounts and seekTrng explanations from you as trustees concerning any such matters. The proGedures urTrdertaken do not provide all the evidence Ihatwould be ￿qUired in an audit, and consequentty rbo Ot*nion is given as to whethei the accounts present a 'true and fair view, and the report is limrted to those matters set out in the statemenls beiow. Independènt examlner's statement In connection wth my examlnation, no matter has come to my attention" 1. which gives me reasonable Cause to beheve that, in any material respect, the reqLEirements to keep accounting records in acrordance wtth Section 130olthe 2011 Act". and to prepare accounts ￿lch accord with the accounting ￿CordS ar￿ to compty with the accounting reiwirements ofthe 2011Acl have not been mel-, or 2. to which. in my opinion. attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Gooryina Russell OW10￿024 Page 6 Tha Chosen Generation Assembly RCCG Stat8ment of flnancial activitles For Thè Year Enqled 31st Decembor 2023 Notes 2023 2022 Unrestri¢téd Unreslrict•d Furtrd$ Fur7ds INCOMING RESOURCES Incoming resources Irom gen¢rdted bjnds Voluntary incom8 44.537 43,106 Tot81 In0)mw￿ resourc85 44,537 43.106 Resources Expand CharIta￿e actmfles Res(MJtees 6xpended on Charitsb￿ actiYth88 11.￿0 8.221 (knnonc8 (*stS 35,7S5 40,796 Totsl rosour¢•$ •xpend8d 47.315 49.017 Surpjusl Ideficto tor tho year 2,778 5.911 Page 7 Thè Chosen Generation Assembly RCCG statement of financial position For The Year Ended 31st Dè¢ember 2023 Notes 2023 2022 Unrestrlcted Unrestricted Funds Funds FfAED ASSETS Tangible assets 4,674 4,674 4.884 CURRENT ASSETS Cash at bank DÈbtors 2.366 1.647 4.073 3.640 4.101 CREDITORS Atnountfalling dua willun one ￿¥r ,095 NET CURRENT ASSETS 4,582 TOTAL ASSEfs LESS CURRENT UABIUTIES 92 2,870 NET ASSETS 92 1870 FUNDS Unrestricted fvnds.. GentrraT fvnd 92 2.870 TOTAL FtJNDS 92 1870 The statements weye appmed by ix)ard ofTnJstees on OW1012024 a[￿ were 5yned ¢)n ts tEhaWby'. On behalf of the board: Veronlca Oyebadejo Trust¢È Page 8 The Chtssen GEneration Assembly RCCG Notès tts th• financt81 stattrmtrnts FwThÈ Y•ar Ended 31st DeceMbÈr2Q23 I AC¢QUNTING POUCIES Th&fjnandalst8tements hav8 wepared urtderthe h6tortcal ¢0st¢￿ve￿￿on atKtkn accordance￿th th$Stat￿e￿I ofre¢omrn9tthtt ￿¢t￿e.. IFRS 102>Acc￿￿￿tu3￿d tyctrjarthes prWTrg aG(wdan￿¥￿th thp ￿n￿nV￿* Reporllrostrndard aw4lrable In thè RSpU￿1¢ of &￿Ed ￿ 16 J￿Y2014 w*hth8 Act2011. l incomkng resources ats the Ststement 0fFwwnd￿ACUy1￿è5￿hefft thEcl•ls legoltyenbU8d to tho trpXtheèndthEamOWrtC4n b&9uanknfRdwith reason3b￿atr￿￿aty Eynthturg ￿ attounted foran an aruuals has been CL4sSified￿d￿lh0 h£adln95thalagweg*8 al ￿915 rdatett tothg Category. WhEreLWtScanMtbEdTectyatt￿utedtop3rtKvkrhEad1￿B￿thÈvhavèbÉÈn 4tKatedt0a￿￿￿esVn0b￿ron￿st￿nt￿thth￿￿5PO1resDur￿. TrLftglblwffi¥B¥ asset6 D4xeci&tion18prOv￿e0 althe rates ¥￿￿@ Dff 8ach a5S8toverits esbmated UBefilllfe. chU￿hOw1￿9 ￿Ul￿Ent. 20% balan Fixtw8s & niting6-20%- b3f8nee The c￿￿ty1￿￿￿e￿ptfrCffi lax on cha￿￿b￿￿￿￿s. F￿daCCountIng unrftthi￿ can be ￿￿ed In ¥c{X¥dan￿￿rfth the Cha[Elab￿ D￿e¢VYe5 atthé 01b￿trUsiettg. I1￿5 can rmlY￿￿¥￿oIQrPath￿￿rtEsM*d PLXP)6eswFthlnthe olyoctsofthe chaflty Re5￿thn ￿Se$ %¥h8n sped bylhBdoMror%thw fr￿￿￿a￿ RfjEed forpBrwarrgS￿cted wtPOSe5. FwknerexFlanthn ofth¥ nabjre and Pkwe ofgarh Tund&lndud8d iTrthe nots6 to thpfin5nCWslot￿Ènt5. 2 VOLUNTARY INCOME 2023 2022 ctyTraUOr￿ recel iedgknYE 31.122023 ¢￿410 YE 31.1220 40.3e6 7.514 2.961 2,740 Totsl vo5urttary incomè 44M7 43.106 Pa9e 9 The Chosen Generatlon A55ernbly RCCG Notes to the fftnancial statemants (contlnued) ForThe Year Ended 31st De¢emb•r 2023 3 CHAR￿ABLE AcnvmES COSTS 202Y 2022 &872 600 5.417 600 1,504 RCCG WEh HonoraFK]m 750 11.S60 8,221 4 GOVERNANCE COSTS 2023 A¢cDUrtBncyfe Adver￿￿￿9 450 638 1.168 117 513 913 1.on 1,194 1.004 263 536 22 Employee pénsion Eouipmentlwp InsuF¥nce Ught& Heal Motor erleg* & prolessitsnal Fc6tsgB. 5*aticmBry& SLllwaro Rpnt & rates RepBlrsand Sundryexperiseg Telephone TrgKIiNJ 1,865 470 1.649 2.Y3 279 2.118 185 868 106 6.051 15,000 171 2.Q)1 13,385 R￿O￿Tte5 expenthd on gmrnanc• ¢0sts 34755 40,796 5 TRUSTEES. R￿uNERATIoN AND BENEFITS There we ￿ INstee¥ remunbr£*m r*otheT benefftsforthtr peri￿ ended 315t De¢ern￿r 2023. There Irustees. 8wses pakl In periodended 31st D￿en￿￿20rd. Pago 10 The Chosen Gener4tlon Assembty RCCG Notestothe financial staiements (con￿n￿ed) ForTht Year Ended 31st De¢embLY 2023 8 TANGJBLE FIXEDASSErs Church Equlpment F￿r*S & FJWng8 COST at 1stknL4ry2023 Addrt￿Jn5 As a131sl DBcBmbw20Td 6.978 249 7,227 4.500 729 4.MO 11.478 978 12,456 DEPRECiATION As4 151January2023 Ch￿0 fortheye4r As at31sl DecembDr2023 3.381 2.733 499 2,733 6.614 1.168 7,782 4.550 NET BOOK VALUE Al31stD&*mlpr2023 1677 1.787 4,674 At31tst LIe￿￿b¥a)22 3.097 1.767 4a64 7 DEBTQRS 2023 2022 i>ft 0￿￿1(4 2.740 TOW deblors 1,647 3.640 8 CREDJTORS.. AMOUNTS FALLING DUEwEfHIN OPIE YENR 2023 2022 credilors Otherctedjtois PAYE 2,188 s.￿6 4.688 51 6.095 10 AlOvEME￿r IllFUNDS Surplu¥l Ideft¢lt) in ypar 0110112023 3111212023 Unrostrtcted fuNIs fund 2.670.00 2.778.00 Total fund¥ 1670.00 &778.DO 92JbO Page11