2023-12-31-accounts - The Redeemed Christian Church Of God, House Of Praise Kidbrooke

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1151492

THE REDEEMED CHRISTIAN CHURCH OF GOD, HOUSE OF PRAISE KIDBROOKE Unaudited Financial Statements For The Year Ended 31st December 2023

Redeemed Christian Church of God , House of Priase Kidbrooke

Contents of The Financial Statements

For The Year Ended 31st December, 2023

	Page
Report of The Trustees	1 - 2
Independent Examiner's Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Financial Statements	6
Detailed Statement of Financial Activities	7

Redeemed Christian Church of God , House of Priase Kidbrooke Report Of The Trustees For The Year Ended 31st December, 2023

Registered Charity Number 1151492

Principal Address.

12 Horsefeld Road Eltham London SE18 6LE

Trustees

Mrs Ayoola Abari Bayo George-Lawal Olusegun Adekola

Independent Examiner

Adonai Associates Accountants 50 King Alfred Avenue London SE6 3HP

Redeemed Christian Church of God , House of Priase Kidbrooke Report of the Trustees For The Year Ended 31st December, 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities' issued in July 2014

STRUCTURE, GOVERNANCE AND ANAGEMENT Induction and Training of New Trustees

New Trustees are given an understanding of the charity's objectives and the requirements of the Charity Commission. They are also encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. Charity Commission bulletins/updates are also forwarded to Trustees as and when issued.

Organisational structure

The church is organised such that the day to day running of the church has been delegated to the Parish Pastor and the Charity Manager. The Trustees are consulted on all material issues and determine the strategic direction of the charity. Trustees meet formally twice a year and as and when required to review the operations of the charity.

Related parties

House of Praise Kidbrooke is a member of the Redeemed Christian Church Of God (RCCG) which has parishes all over the world. The relationship is governed by an 'Agreement For Common Purposes' between the parishes and RCCG.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and appropriate controls are in place to provide reasonable assurance against fraud and error.

Objectives and Activities

The advancement of the Christian faith worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule 2.2.2 the relief of poverty 2.3 the trustees must use the income and may use the capital of the trust in promoting the objects.

Grantmaking Policies

Under the 'Agreement For Common Purposes' (see Related Party Relationships above),House Of Praise Kidbrooke has agreed to make a regular proportional contribution to the World Evangelism Mission via RCCG (UK). In addition, the church , also supports missionary organisation such as Festival Of Life, Good Women Fellowship etc. The church also provides support to members of the congregation who are in need.

Volunteers

The charity's volunteers provide an invaluable contribution in various areas of service provision, development and implementation of the church's vision. We provide a volunteers' training programme that caters for their welfare, spiritual and socio-economic development.

12/08/2024

Approved by order of the board of trustees on …………………………………………..and signed on its behalf by:

....................................................... Bayo George-Lawal ( For Trustees)

Redeemed Christian Church of God , House of Priase Kidbrooke

For The Year Ended 31st December, 2023

Independent Examiner's Report

To the Trustees of

Redeemed Christian Church of God , House of Priase Kidbrooke

I report on the accounts for the year ended 31st December, 2023 set out on pages four to Seven.

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 2011 Act)) and that an independent examination is required. The charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.

It is my responsibility to:

examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in

the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.

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 to comply with the accounting requirements of the 2011 Act have not been 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.

Abiodun A Adeboyejo (AFA, ACA, FAIA)

Adonai Associates Chartered Certified Accountants

50 King Alfred Avenue

Catford , London

London

Date................................................

Redeemed Christian Church of God , House of Priase Kidbrooke Statement of Financial Activities For The Year Ended 31st December, 2023

Unrestricted Notes £ Income Resources Incoming Resources From Generated Funds Voluntary Income 1 49,928 Total Income Resources 49,928 Resources Expended Charitable Activities Physical & Spiritual Need 46,530 Governance Costs 2 650 Total Resources Expended 47,180 NET INCOMING RESOURCES 2,748 RECONCILATION OF FUNDS Total Funds Balances b/fwd 39,770 Total Funds Balances c/fwd 42,518		2023 2022 Total Total Fund Fund £ £ 49,928 38,365 49,928 38,365 46,530 40,514 650 650 47,180 41,164 2,748 (2,799) 39,770 42,569 42,518 39,770

The Notes Form Part of These Financial Statements

Redeemed Christian Church of God , House of Priase Kidbrooke Balance Sheet as at 31 December 2023

Notes FIXED ASSETS Tangible assets 3 CURRENT ASSETS Cash at bank and in hand CREDITORS Amounts Falling Due within one Year 4 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Unrestricted Funds TOTAL FUNDS	962 45,551 3,995 41,556 42,518 42,518	2023 2022 Total Total £ £ 962 1,202 45,551 41,913 3,995 3,345 41,556 38,568 42,518 39,770 42,518 39,770 42,518 39,770 42,518 39,770

The financial statements were approved by the Board of Trustees on.................................... and were signed on its behalf by:

Approved by Board of Trustees Bayo George-Lawal ( For Trustees)

The Notes Form Part of These Financial Statements

Redeemed Christian Church of God , House of Priase Kidbrooke Notes to the Financial Statementss for the year ended 31 December 2023

ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the Charities Act 2011 and the requirements of the Statement of Recommended Practice (SORP 2015), Accounting and Reporting by Charities (issued July 2014)

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

1 Voluntary Income

Tithes & Offering Gift Aid Other Grants 2 Governance Costs Accountancy	2023 2022 £ £ 45,333 36,093 4,595 2,272 49,928 38,365 2023 2022 4,595 2,272 2023 2022 650 650 650 650

Redeemed Christian Church of God , House of Priase Kidbrooke Notes to the Financial Statementss

for the year ended 31 December 2023

3 Tangible fixed assets

Cost At 1 January 2023 At 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 4 Creditors: amounts falling due within one year 2023 £ Trade creditors 3,345 Other Creditors 650 3,995 5 Movement in Funds At 01 01 23 Net Movement In Funds £ £ Unrestrictedfunds General fund 39,770 2,748 Building Fund - TOTAL FUNDS 39,770 2,748 Net movement in funds, included in the above are as follows: Incoming Resources Resources Expended £ £ Unrestricted funds General fund 49,928 47,180 Building Fund Total Fund 49,928 47,180	Choir Equipment £ 8,925
	8,925
	7,723 240
	7,963
	962
	1,202
	2022 £ 2,695 650 3,345
	At 31 12 23 £ 42,518 - 42,518
	Movement in Funds £ 2,748
	2,748

Redeemed Christian Church of God , House of Priase Kidbrooke

Detailed Statement Of Financial Activities

For The Year Ended 31st December, 2023

INCOMING RESOURCES Tithes & Offering Gift Aid Total Incoming Resources RESOURCES EXPENDED Charitable Activities Welfare Software Honorarium & volunteer Youth Children Dept WEM & Central funding Donation HOP RCCG Church expenses Evangelical/outreach materials Subscription Governance Costs Accountancy fees Support Costs Management Rent & rates Insurance Repairs & maintenance Bank charges Stioneries and books Depreciation charge TOTAL RESOURCES EXPENDED NET INCOME	2023 2022 Total Total Fund Fund £ £ 45,332.93 36,093.17 4,595.33 2,271.83
	49,928.26 38,365.00
	6,550.00 1,100.00 - 145.00 4,255.00 5,500.00 3,920.00 4,776.00 6,766.00 6,358.00 120.00 1,575.00 600.00 600.00 5,263.00 14,025.00 4,900.00 4,232.00 - 110.00
	32,374.00 38,421.00
	650.00 650.00
	650.00 650.00
	12,473.00 1,160.00 242.00 254.00 466.00 - 20.00 735.00 359.00 240.00 300.00
	14,156.00 2,093.00

	47,180.00 41,164.00

	2,748.26 2,799.00 -