**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
## **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
1
## **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)**
2
## 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................................................
3
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
4
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
5
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|
|---|---|
6
## 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|
7
## 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
-|
8