Registered number. 08434543
Charity numbfrT'. 1151560
REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') TRINITY CHAPEL
(A company lirnited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Ill
￿￿64Fl5.
A27
¢c￿PANIEs HOUSE

REDEEMED CHRISTIAN CHURCH OF GOD {'RCCG'I TRINrrY CHAPEL
(A company limited by guarantsel
co￿rEP￿s
Page
Reference and administrativ• detaily of th• Charitable Company* its Trwsl•os and
advisers
Tru8tees' report
Independent aud110￿. report on th• flnancial 8t*tsm•nts
Statem•nt of finan¢i•l activiti•s
8-12
13
Income and expenditure account
Balan￿ sheet
14
15-16
Statement of ¢•sh flows
17
Notes to thè financial $tat•mMts
18-36

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG.) TRINrrY CHAPEL
(A company limhed by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE COIAPANY. ITS TRUSTEES AND
ADVISERS
FOR THE YEAR ENDED 310ECEM8ER 2023
Mr Agu INkv4u
Dr Shola Adeaga
Mr Olatfvgwale OdLWte
Company regi8t•rnd
number
08434543
Charity registernd
Thumber
1151560
Rogist•r•d offi
The BrocA(
Abbey Road
Stratford
London
E15 2QT
Chief ex•cutiv• oTr•r
Mr Akinyemi OdUs￿U
Ind•pendent auditorn
Stephen Michael Associates
Chartered CertIf￿d Accountartts
201 Borough High Street
Lorthn
SE1 1JA
B*nk•v8
Barclays Bank pk
737 Barking Roaj
Lon&)n
E13 9PL
Page 1

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG'I TRINifi CHAPEL
IA company limited by guafantso)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The Trustees present their annual rew1 together with Ihe audited financHI statements of the Charitable
Ccwnpany for the year 1 January 2023 to 31 Oecember 2023. The Annual report seNes the purposes of both
Trustees, report and a directors. report under company law. The Trustees confirm that the Annual report and
financial statements of the charrtable company ccYnt4y with the current stslutory requirernents. the requiremenls
of the charilable compan￿$ wveming (Jctumenl and the wovisions of the Slalemenl of Recommended
Practice ISORP) applthle lo chafrties preparing their accounts in aCc￿rda￿e with the Financial Reporting
standard aWicable in the UK and Republ￿ of Ireland {FRS102) (effective 1 January 2019).
Since the Charitable Cornp8ny qualifies as small under sect￿1 382 of the Crynpanies Act 2006, the Strategic
report requi￿￿ of medium and large cerfnpanies under the compan￿ Act 2006 (SlrategK Re[￿ and Directors,
Report) Regulab"on$ 2013 has been omitted.
Obj•¢tives and activltlgs
. Policies and otyKtives
The Chartys main obj.ects are..
The advaneemenl of the Christian rely*)n wortdwits.. and
The relief of poverty Workn￿.
The Charivs main c*4ecbves continu? to be:
Empowering membefs & anyone that identifies with the elhos of the charity to set up an initiative or
enter￿Se that amplrf*s their purpose & vis*)n.
Intensfyiry efforts in develw'ng more c(xnmunity based initiatwes Ihal wil serve as a source of
transfonnation in our SOc￿ty.
Setting up fomial & infomial perf¢)mianc& evaluats'on & feedback structures that will enable the
charity run more effectivety.
Repositioning the charty in Ihe minds of tr* communty. rebranth'ng the charty & the buikdir4J with
a vmv to changing people's mind sets or perCep￿n about the chu￿h.
Refurbishing the chaTfy Premises & making rt morefil for PUTP05e including the restoration of
vibrant and Irue worship.
Reaching out more with a vw lo bringing in new wsitors V￿ specrfK bf*Jge events & more
indusive use of Charty premtses & more outward fc¢used ministy events.
Repfodueing new leaders & grcws thal will enaNe Successi￿ planning for all a￿aS of our
operations.
Intensrfw'ng wr training effrwts to ensure * have a rewlar supply of competent volunteers & able
lay ministers.
In setting objectives and planning for actM"lies. the Trustees have given C￿e consideration to general guidance
published by the Charity commiss￿ relating to publK benefft. induding the guidat)ce 'Public bènefit.. running a
charity IP821' and, its supplementsry putAi¢ guidance on the adVancerne￿ of ielvJion for the public benefrt..
Page 2

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') TRINITY CHAPEL
IA company limited by guaranteo)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Obj•ctiv•s and a¢tiviti•s (¢ontlnuedl
b. Stratsgies for achiovlng obiectiv•s
The Charivs strategies for achieving these objectives *Trg'.
Putting together *quate finanaal & administrative support ￿ tr* rnnning of all the CharTVs
aclivibes induding the establishment of new church parishes.
Building a nets￿rk of relats"onships wthin the kncal & natK)nal community with a view to engaging
them in joint ccrfnmunty efforts
Puth"ng together project leams to coordwwle various actibtities both in the Church & in the
Communty.
Fundraising to finance the objethes.
c. Actlvltles und•rtak•n to achteve obiectl¥es
Leadership TrainiryJ
Volunteer Training
Community Outreach Events
Conferences & Events
d. Volunteers
The Charity is grateful for the efforts of Tts Trmlunleer workforce that are invofved in various areas of service
provision. development, and IM￿ementation of the Church's vision. It L% Im￿sSible lo put a value on the efforts
ol these people.. we do however have a volunteers. training pro3ramme wh￿h calws for the welfare, spiritual
and SOCiOweconcwnic develwmenl of these people.
•. Main a¢tiviti•s undertaken to further the Charitable Company* purpos￿ for th• public benefit
It pursues these objects by the op8ration of a centre for Chr￿ts"￿ worship at rts premises in StratFord, Lorbdon
where il felocaled to in Marth 2023 from the prev*)us ￿￿tiOn in Be¢klon, Essex. The Charty runs a number of
eommunty based vehicles of transfLyma￿n that focus on assw6bng the disa￿antaged & less well off in our
local communities & abroad.
The Charty also makes regular donations to a number of exlemal organisaticrfis overseas that are better placed
to further advance various causes. Our site is a venue that is accessible to 811 when programmes are being run
& events cater for peot4e from *1 walks of lrfe. We run youth, marr￿ge. chiklren's. men's & women's based
events.
Page 3

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') TRINITY CHAPEL
IA company limit￿ by guarnnlw)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 310ECEMBER 2023
Aehievemfjnts and perfomian¢e
a. Rèview of activities
Significant actiwties that contn"trNJted to the achwent of these objecbves ¥bWe.'
The Charity continued to supwrt ottw charitss nabonalty & in1ematic￿aItr￿ in areas that are in line
with our 04eclives.
Community Outreach events in¢bJde a Lo* Outthth di5th"txrting grfis in Ihe Strarford area during
the Valentsne seaw in February, f¢xrfl dislribLrtion to the homeless during Easter and Merry
Miracles iniliative. a CSR CamPa￿n that suppl*d care pacl(s lo the homeless during the Christmas
period in December 2023. We also embarked on a shoe box operation in support of Samafitan's
Purse which provides Christrnas grfts for less pri￿leged children in other countries in Europe.
Conferences 8fKI events organised during the year induded. of physical and virtual conferences for
the18dies, chikjren and the men.
The Charity ¢ontinL*d to host the annual Chrtstmas Carol Serviee.
Training programmes were also run whKh included Volunteers Training & Leaders Meetings.
The various accountabilty gr{￿pS were maintaH*d.
b. F•ctorn relevant to achi•v• obi•¢tiv•s
The other single most important factor is the contsnued cc*nmitment of members both financialty and in
voluntary hours.
c. Inv•stm•nt poli¢y and performanc
The Trustees have decthd that at presenL funds shwhj be relained in Banks and Building Societ*s. Any
change in such banking arrangements shoukl be agreed by the Board. As far as possible, funds will be retained
in interest bearing accwnts.
FiTron¢ial review
. Going concern
After making appropriate er￿￿ries, the Trustees have a reasonable expeelalKJn that Ihe Charitable Company
has adequate resou￿e$ to continue in opeTatKJnal existence for the foreseeable future. For this reason, they
continue to adopt the going eoneem basis in preparing the finan¢o1 statements. Further details regarding the
adoption of the going eoncern basis can be found in the a¢￿￿nting w11c￿$.
b. R￿•￿4¢8 poli¢y
Th& Trustees are aware of the requI￿ent lo have a reser¥t &K)Iw in place and aim to maintsin a target
balance of a rnonth's worth of fixed operational costs at any gi¥en time. in order to ensure the on90ing delivery
of its charitable objects during an unforeseen downlum in income. The current level of free reserves
{unreslrtcled fund less fixed asset elemenl) is at a level that is more than a month's worlh of fixed operational
costs. The Ifee reserves as at 31 December 2023 is £148.522 {2022- £459,208}.
Page 4

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG.) TRINifY CHAPEL
{A company limit•d by gu•Tantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
c. Finan¢lal risk managemenl objectives and policies
The Trustees have assessed the major risks to which the church is exposed. in particular those related lo the
operations and finances of the church. The Trustees believe that by monitoring reserve levels, by ensuring
controls exist over key financial syslems and by examining the operationa risks faced by the church, they have
established effecbve systems to miligate the Charity's extK)sure to these risks.
d. Principal funding
The Charitys principa funding is through members. ¢￿tributIOnS and (k)nabons: on which we claim gift aKI
mnthly on qualfying i1￿0Me.
Structurnp governan¢• and m•nag?ment
. Constilutlon
Redeemed Christsan Church of Gc*l I'RCCG.) Trinity Chapel ts registered as a charitable company b'mited by
guarantee and was set up by a Memorandum of ASsocia￿n.
b. Methods of appointment or •l•¢tion of Trust¢•s
managernent of the Charitable C¢>npary is the responsI￿'11ty of the Trustees who are elected and Cc￿0pted
under the tern￿ of the Memorandum of Asslxiation.
c. Or9anisational slructurn and d•ci8iOTrvmaking policies
The Charty is organised such that the day to day njnning ￿ the Church has been (Wated to the partsh
Pastor. who is supported by the respethve functional H￿Js. The Trustees are consulted on all issues that are
material in nature and delemine the strategic dIreCt￿n of the Charitys affairs. Trustees meet fomally a5 and
when required to review the Chantys operations.
d. Policies adoptsd for tho indu￿10￿ and tralnlng ol Trustrts
New Trustees are issued an orientstK)n pack that details their legal o￿lgationS under charity law, the
Charitys decision-m*ing prccesses and retent financial perforrnan￿ of the Chanty. Trustees are encouraged
lo attend appropriate extemal training events where these will facihtste the undertaking of their role. Chaiilies
ComMiss￿n buletins l updates a￿ also forwar(led lo Twstees as and when issued.
e. Pay policy lor k•y management peTronn•l
The Trustees conspjer the Chantys Trustees. the Past(Ys and A(kninislrator comprtse the key rnanagement
personnel of the Charty in charge of directing and controlling. wnning and operating the Trust on a daY-t￿daY
basis. All Trustees give of their Iwne freety ￿ their capacity as Trustees. No Trustee received remuneration in
the year.
The pay of the Charivs senkw slaff is rev*wed annually and ntxmalty increased to account for infl*ion based
c•) the lalesl Consumer Price Index. The remuneration is also bench-marked with charities of a similar sEe and
acb.vty to ensure that the rernunerat￿n set is fair and not of line wiiti that ger￿lty pa*J for similar roks.
Page 5

REDEEMED CHRISTIAN CHURCH OF GOO I'RCCG.) TRINITY CHAPEL
(A Company 11rnit￿ ty guarantee)
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Stru¢ture> govornance and maTragem8nt (continued)
l. Financlal rlsk managwn•nt
The Trustees have assessed the major risks to whr¢h the Charitable Company is exposed. in particular those
related to the operat￿$ and finances of the Charrtable Company. and are satisfied that systems and
procedu￿ are in place to mrtwale exposure to the major risks.
Plans for futhr• perlods
The Chafity continues trj exptore various ways of reaching Out to its communty and spreading the gospel of
Christ in an effectNe manner by raising its profile in the community. We abo intend to extend our worldwid¢
influence through our various media efforts.
The Charty continues lookirvJ to grow in membershy and to devdop its members to mae transformational
impact in swety.
The Chaiity relocated to Strafford in March 2023 after spending 14 years in Beckton. The new location is under
a 25-year lease and the Charity tc*)k ￿SSeSsion in August 2022. Signfftant renovation works have been
nbarked on to ensure that rt is a fil for purpose home for th8 members. Thi8 Wtll serve to support the local
community with opportunities to rent worksp￿2 I ¢￿feren￿ facilities during the week that is aftordable. These
new premises will also serve to draw in potential members and go a long way lo generating further ineome.
Trustees. liabllity
The trustees ol the Charilable Company guarantee to contfQ)ule an amount not exceeding £1 to the assets of
the Charilable cl￿panY in the event of wirKling up.
Page 6

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG'I TRINrrY CHAPEL
{A company limited by guarant•el
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Statement of Truste•s' rnsponsibiliti
The TTuslees (who are also the d1￿Clor$ of the Charilable Company for the purposes of ￿MpanY law} are
responsi￿e for preparing the Trustees. reFKJrt and the financKg1 statements in accordance with appluble law
and United ￿ngdorn Accounb'ng S￿dards (United K[r￿&*n Generaltry A￿epted Accounbng Practice).
Company law requires the Trustees to prepare financial statements for exh financial year. Under company law,
the Trustees must not approve the financial ststements unless Ihey are satisfied that they give a true and fair
view of the slate of affairs of the Charitable Company and of its incoming resources and application of
resourees. In¢￿dIng its inccKne and expenditure. for that perK*J. In preparin9 these financkql statements, the
Trustees are requI￿(j lo".
select suitable accounting polries and then appty Ihem consistenty.
observe the methlxls arKI principles of the Charities SORP IFRS 102)..
make judgments and a¢counliry eslimates th81 are reas￿able and prudent",
stale whether aFWicabte UK Accounting Standar¢ls IFRS 11r2) ￿ve been follo*Ed. subj'ect lo any
material departures disdosed and explained in the financial statements.,
prepare the financial statements on the going ¢c￿eM baw un￿5 rt 1$ inapw￿l￿le to presume that the
Charitable Cornpany wll continue in busines&
The Trustees are reswnsible for keeping •Jequate accounting record5 that are suffic￿nt lo show and explain
the Charitable Companls transactions and disdose with reasortabfe accuracy at any time the financial position
of the Charrtable Company and enable them to ensure that the financial slalements compty with the Compantes
t 20(￿. They are also responsknle for safeguarding the assets of Ihe Charitsble Company and hence for
L2king reasonable steps for the prgventson and detection of fraud and other irregularits"es.
Disclosur• of infornmlion to audftors
Each of the persons who are Trustees at the ts.me when this Trustee5' re[￿rt approved has confinnod that..
so far as that Tru$lee is aware. there is no reknnt audit infomiation of which the chan￿$ auditors are
unaware. and
that Trustee has taken all the steps that ought to have been tthen as a Trustee in ordw to be aware of
any rele￿t audit infom)atson and to establish that the charitys auditors are aware of that inf0m￿li0￿.
Auditorn
The auditors, Stephen Michael Associates. have indicated their wltingness lo continue in offtt. desunated
Trustees wll propose a motion reapwnb.ng Ihe auditors * a meeting of the Trustees.
Apwov8d by ordeT oflhe members ofthe board of Trustees and ggned on their beha￿ by..
Mr Olabowale Odusol•
Dale..
11 74
Pago 7

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG'I TRINtrY CHAPEL
(A company limi1￿ by guarant•o1
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF REDEEMED CHRISTIAN CHURCH OF
GOO ('RCCG') TRINITY CHAPEL
Oplnlon
We have audited the financial statements of Redeemed Christian Church of God {'RCCG'I Trinty Chapel (the
'cttaritable companll for the year ended 31 December 2023 which comprise the Statement of financial
activi*es, Ihe Income and expenditure accounL the Balance sheet, the Statement of cash flows and the related
notes, including a summary of sNJnrficant aeeounling pokEs. The financk21 reports.ng frnmework that has been
applied in their preparation 1$ aWicable law and United Kingd¢xn AccountJ"ng Standards. inclusjing Financial
Reporting Standard 102 'The Financial Reporting Standard appiKable in the UK and Republic of Ireland (United
KingL*Jm Gemralty Accepted A¢￿unting Pr¥$￿}.
In our opinion the financwl statements"
gr¥e a true and fair view of Ihe state of the Charila￿ (xJmpanls affai￿ as at 31 December 2023 and of
its incoming rvsources and application of resources. irthdiThJ its incm and expendtture for the year
then ended,.
have been r*operly pre￿red in accordance 7Mih United Kinwth Generalty Accepted AccounlrThJ
Praelice.. and
have been prepared in accordan￿ the requirements of Ihe Ccrfnwies Act 2006.
8as1s for oplnlon
We eonducted our audr( in xcordance wiiti Intenwlional Standards on Audth"ng (UIQ IISAS (UKII and applicable
law. Our resFK)nsibilitr'es under those stsndards are further described in the ALtditors' reS[￿nsIbl11tses for the audit
of the financial sL*ements seth.on of our rewrL We are independent of the ¢haritsble company in ac￿rdanCe
wth the ethical requirements that are relevant lo our aLKlil of the finan¢kAI ststements in the United Kingdom,
including the Financial Reporting Coun¢il's Eth￿al Standard. and we have fulfil￿ our other ethical
responsibililies in a¢coTdance these requirements. We belwe that the audit evidence we have obtained is
sUff￿￿ent and appropriate to provrde a basis for our opinic￿.
Conclusions relating to golng concern
In audiling the finanual ststernents, we have conduded that the Twslees, use of the going concem basis of
unthng in the preparation of the financial statements is appropnate.
Based on the work we have perfomied, we have not identified any malerial uncertainties relating to evenl$ or
condit￿n$ that, indiwdualty or collectNety. may cast s￿nIficant doubl on Ihe ¢harrtable company's atsilrty lo
contsnue as a going cOr￿eM. for a period of at *st tr￿1Ve M¢￿th$ from when the financial slalements are
authorised for issue.
Our responwbililies and the resp)nsibli1￿5 of the Trustees with re¥e¢l tt) going concem are described in the
relevant seth"on5 of this report.
P4e8

REOEEMED CHRISTIAN CHURCH OF GOD {RCCG'} TRI41TY CHAPEL
IA company Ilmlted by guarant••l
INDEPENDENT AUDrfoRS' REPORT TO THE MEMBERS OF REDEEMED CHRISTIAN CHURCH OF
GOD ('RCCG'> TRINITY CHAPEL (CONTINUEO)
Other Infomiation
The other infomiation comprises the infO￿atiOn induded in the Annual report other than the financial
statements and our AL*Jrtors' report thereon. The Trustees are respons*)le for the other irrformation contained
wthin the Annual iewrt. Our ¢)pinion on the financ￿1 statements does not cover the other infonnation and,
except to the extent otherwise explKrtty stated in OUT reFrf ￿ do not express any form of assurance
conclusion Ihereon. Our responsibility 15 to the other informats.on arKI, in doin9 50, consKder whether the
olher inlomation is materialty In￿nsIStenI with the financ￿1 statements or our krKMledge obtained in the course
of the audit, or otherwise appears to be materialty mrsstaled. If we Klentify such malerial inconsistencies or
apparent material misst*ements. we are required to tjeteffliine whether this gives rise lo a material
mi5s1atement in the finan¢MI slatements themsdves. If. based on the Work we have perfomied. we conclude
that there 15 a material misstatement of this olher inf0mat￿, we are required to re￿rt that fact
We have nothing to rop)rt in this regard.
Opinion on other matt•vs prtscribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the aud
the infom7ath￿ given in Ihe Trustees. reix)rt for the financial year for which the fina￿la1 statements are
prepared is consistent the finarti81 stslements.
the Tiustees. report has been Prepa￿ in ￿OrdanCe with a￿ltable legal r&Juirements.
Mattgrs on which ￿ are required to report by exceptloTh
In the light of our knthvledge and underslanding of Ihe charilable company ¥*d its envtronment obtsined in the
course of Ihe a￿lit. have not identif￿￿ material misslatements in the Trnstees, reporL
We have nothing to report in respect of the folky*ing matters in relation to wh￿h compan￿ Act 2006 requires
us lo repryt to you if, in our opinion."
adequate accounting records have not teen kert or relums adequate for our audit have not been
received from branches not visited by us. or
the fin8nckal statements are not in agreement wth Ihe aco)unb'ng records and returns.. or
certain di5closure$ of Trustees. remunerabon Specif￿ ty W are not made" or
we have not received au the infomiation and explanaIN￿$ we require for our audi( or
the Trustees were not enliued to prepare the finarKial ststernents in accordance wth the small
companies regime arKI take advantsge of the sm811 cA)mpanies' exemptions in preparing the Trustees,
report and from the requirement to prepare a Strategic rep)rt.
Page 9

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') TRINtri CHAPEL
(A Gompany limitod by guarnnt•o)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF REDEEMED CHRISTIAN CHURCH OF
GOD ('RCCfy) TRINtrY CHAPEL (CONTINUED)
Responsibilltles of truslees
As explaned more fvlty in the Trustees. reSpons￿lI1tieS statement. the Trustees {who are also the direclors.ol
the charitable company for the purposes of company lawl are reS￿nSible fot the preparab.on of the financial
statements and for being sakn"sfied that they gwe a true arld fair view. and for such inlernal control as the
Trustees detemiine 15 necessary to enable the preparatK)n of financial slatements th* are free from material
misstaternen( whether due to fraud or error.
In preparing the financtal statements, the Try￿lee$ are reSpOn*b￿ for assessirrfJ the charitable compan￿$
ability to conkn.nue as a going ￿ncern. disclosing. as applKable. mattets related lo going concern and using the
going concem basis of a¢￿unting unles5 Ihe Twstees erther intend to Irqu¢date the charitable company or lo
cease operations. or have no fealistic ahemative bul to ￿ so.
Page 10

REOEEMED CHRISTIAN CHURCH OF GOD fRCCG') TRINffY CHAPEL
IA ￿rnPany lirni¢ed ty guarantee)
INDEPENDENT AUDITORS. REPORT TO THE hlEAIBERS OF REDEEMEO CHRISTIAN CHURCH OF
GOD I'RCCG'I TRINrri CHAPEL (CONTINUED
Auditorn. responsibilities forth• audit of the financial stst¢monts
Our objectives are to obtain reasonable assurance about t*thether the finarrial slaiements as a whole are free
from material miwalemenl. whether due lo fraud or error. and to issue an Audrtors. report that includes our
opinion. Reasonable assurance is a h￿h levd of assurance. bLrt is not a guarantee that an aud¢t conducted in
a¢cordance with ISAS (UK) whll aw detect a material misststemenl when il extsls. Mrsstatements can arise
from fraud or error and a￿ cOnS￿ered material rf, indi￿dUal￿ or in the aggregate, they could reasonably be
expected to influence the econom￿ dectsions of users taken on the basts of these finanual slalements.
Irregularities. including fraud. are instances of non•cOmpl￿nce laws and regulations. We de51gn
procedures in line our respJnsibikn"es. ¢xrfined ab)ve. to delect materia misstatements in respect of
irregularities, including fraud. The exlenl to t*¥hi¢h our prcteilures are Capab￿ of delecbng irregularilies,
cluding fraud is detsiled below..
We identffied areas of laws and regulations that coukl reasonabty be expected lo have a material effect
on the financial statements from OUT sector experience through discu￿On with the Trustees and other
management las required by aud￿"n9 stsndards).
We had regard to laws and regulattt)ns in areas Ihal directty aff&t the finan¢ial sL*ments includin9
financol reporting and taxat￿￿ legislat￿n.
We Considered the extent of ¢omplk?nce wilh those and regulalK•ns as part of our procedure on the
related financial statement rtems.
With the eX￿p1K)n of any known or wssible non c(Mnpliance, and as required by auditing standards, our
work in resFect of these was limited lo enquiry of the Trustees.
We communicated idenlffied Iwws and regulattons Ihroughout our team and remained alert to any
indications of non compliance throughout the audit.
We addressed the risk of fraud through management override of controls, ty testing the appropriateness
of journal entries and other adjustments," assessing whether the judgements made in making accounting
estimates are Indi￿tiVe ol a polenld tyas," and evaluabng the business rationale of any significant
IransactiMs that are unusual or sxrtsrde the nom￿1 ¢c￿￿e of business.
Our audit prcredures were destgned lo reS￿d to risks of material misstatement in the financial statements,
recognising that the risk of not de1￿￿"nY o material misstslemenl due lo fraud is higher than the risk of not
detecting one resLtttirvJ from error. as fraud may invcAve delitwale concealment by, for example. forgery,
misrepresentations or through colluston. The￿ a￿ Inhe￿nt limrtkn.ons in the audit procedures performed and
the further removed non complonce laws and regulatt*ns is from the events and transacb.ons feflecled in
the financial ststements, the less lrf(ely we are to tecome aware of IL
A further des¢riptton of our responst*iliti"es for the audit of the financHI statements is ktated on the Financkil
Reporting CcHJ￿1rs **bsite at VAV4V.frc.or .uklauditorsres
sibl￿"tieS. This desenption form$ part of our
Auditors. ieporL
Page 11

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG'} TRFNrrY CHAPEL
IA cornpany limited by guarantse
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF REDEEMED CHRISTIAN CHURCH OF
GOO ('RCCG') TRINITY CHAPEL (CONTINUED)
Use of our rnport
This rewrt is made solely to the charitable companls members. as a in 0￿rdance with Chapter 3 of
Part 16 of the Companies Act 20C6. Our audit work has undertaen so that we rn￿h1 state to the
ehantsble company's members Y￿Se matters we are required to state lo them in an Audrtors, rew)rt and for no
other purpose. To the fullest extent permitted by L7w. we do not accept or assume resp)nsibility lo anyone other
than the charitsble company and its mernbers. as a bcNJy. for authl for this report or for the opinions
we have formed.
Mr St•phen Ol*dapo Od¢leye {S•niorstalutory auditor)
for and on behalf of
Stephen hlichael Assoeiates
Chartered Cerbfied Accountants
Statutory Auditors
201 Borough High Slreel
London
SE1 1JA
Date".
Page 12

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG'I TRINiff CHAPEL
(A ¢ompany limit•d by guar4ntw)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Total
funds
2023
Total
funds
2022
funds
2023
funds
2023
In¢om• from:
Donations and legacies
Charitable adivits.es
Investrnents
220.739
1,117.326
51.613
15.223
1. 130,447
24.770
37.842
51.613
15223
Total income
220.n9
963.423
1.184.162
1, 193,059
Expgnditure on:
Charitsble activities
115.343
1.101.897
949.386
Totsl expondituro
115.343
986.$54
1.101.897
949.386
N•t movement in funds
105.396
{23,1311
82.265
243.673
Reconciliation of funds".
Total funds brought foThrnrd
Nel movemenl in fvnds
597.724
105.396
664.433
123.1311
1.262.157
82.265
7.018,484
243,673
Total funds ¢aYrled forward
703.120
641.302
1,344.422
1,262, 157
The Statement of finanaal r￿udeS all gains and losses rec¢Th3nised in the year.
The notes on pages 18 10 36 form part of these financial ststements.
Page 13

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG.) TRINiff CHAPEL
(A company limited by guarantee)
SUMMARY INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
. Total funds
2023
Total funds
2022
Gross In¢om• in the reporting period
Less: Total expenditure
1.184.162
{1,101,897)
1,193.059
(949.386)
Nèt expenditurel{incom•) for th• rnporting p•riod
82.265
243,673
The notes on pages 18 10 36 fm part of these fin¥oal slatements.
Pagè 14

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG'I TRINITY CHAPEL
(A Company limited by guarantee)
REGISTERED NUMBER.. 08434543
BALANCE SHEET
AS AT 31 DECEMBER 2023
2023
2022
Fixed assets
Tangible assets
1,048.559
604,031
1.048.$59
604.031
Curyent *ssets
Oebtors
Cash al bank and in hand
12
218.on
127.487
169.010
537,696
315.560
700.706
Creditors: amounts falling due wilhm one
year
13
(49.697)
(42.580)
Net current assets
29S.863
658, 126
Total assets less current liabllftles
1.344A22
7.262, 157
Net ass•ts excluding pension asset
1.344.422
1,262, 157
Total net assets
1.344.422
1,262,157
Charity fund8
Re51Ticted funds
Unrestricted funds
15
15
703.120
641.302
597, 724
664,433
Total funds
1A44.422
1.262, 157
Page 15

REDEEMED CHRISTIAN CHURCH OF GOD {'RCCG') TRINITY CWEL
(A company limited by guarantee)
REGISTERED NUMBER: 08434543
BALANCE SHEET ICONTINUED
AS AT 31 DECEPABER 2023
The Trustees acknowledge their respon$ibililies for cOMp￿.ng with the requirements of the Act respect lo
accountr'ng ￿ordS and prepa￿tiOn of fLtNwcial statemertts.
The financial statements have been prepargj in &cordance wilh Ihe pro￿lonS applvble to entiti.es subject lo
the Small companies re9ime.
The financral statements were aFvr¢)ved and authorised for issue by the Trustees and s￿ned on Iheir behalf by..
Mr Olab¢)wale Qdu80ts
Dale..
Il SOOQW ?OZ
The Th)tes on pages 18 to 36 fom of these financial Stsiements.
Page 16

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG'} TRINITY CHAPEL
{A company limit¢d by guarantoe)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Cash fl¢>ws from op•rating •¢tivities
Nel cash used in operating acliwties
124.553
148.575
Cash flows fr¢m investing activiti•#
Purchase of tsngible fixed assets
1528.762)
(591, 147)
Net cash In inv¢sting actbvities
1528.762)
{591,1471
Cash flows fmm fin•ncing acti¥iti•s
Net cash provid•d by finan¢lng acllvrii¢s
Change in cash and cash equivalents In the year
Cash and cash equivalents at the tw.nniw of the year
1404209)
531.696
(442,S721
974,268
Cash and cash equivalents 0¢ the end of the year
127.487
537.696
The notes on pages 18 to 36 fom part of these financial statements
Page 17

REDEEMED CHRISTIAN CHURCH OF GOD {'RCCG'I TRINiff CHAPEL
(A company limited by guaranteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Goneral inforniatloTr
The charIta￿e company is a private eL¥npany kn)ited by guarantee. ints)rporaled in England on 18
February 2013.
address of its registered office is."
The Brook
Abbey Road
Stratford E15 2QT.
Accountlng policies
2.1 Basis of proparalion of financial statoments
The financial slalements have prepared in &cordance with the Charities SORP {FRS 102} -
Ac¢ounliNJ and Rep)rtirKJ by Charities". Statement of Recommended Practice appluble to charrties
p￿ParIng their accounts in accordan￿ wlh the Financial Reporting Standard appltcabie in the UK
and Republic of Ireland IFRS 102) leffectr¥e 1 January 2019), the Finan¢wl Reporting Standard
applthble in the UK ￿ Republic of Irelwd IFRS 1021 and the Companw Act 20C6.
Redeemed Christian ch￿￿h of God I'RCCG,) Trinty ChaFel meets the definits.on of a public benefit
entty under FRS 102. Assets and liabi1rt￿ are inib.alty recognised al hi$tori¢al c051 or transactKJn
value unless othe￿ise ststed in the re￿an1 accounting polrcy.
2.2 Going concern
The finanual statements have been prepared on a ￿ing concem b3515 as the trustees believe that
no material uncertaintes exist. The Iruslees have conskkned the cashflow forecast and the
projected inctyne arKI expendrture for 12 months from author￿l￿g these financial stslemenls.
The level of free reserves and funds held 15 sufficient for the chanty to Èe able to continue as a going
concem.
2.3 Incom•
Air irthme is recogntsed once Ihe Charitsb* Company has entitlement lo the income, it is kycbab
that the inc￿ne will be TeceNed and the amount of income recwvable can be measured reliably.
Grants are included in the Ststemenl of financial actNities on a receN*le bosis. The balance of
income received for specffic pUr[￿seS but not expended during the period is shown in the relevant
furKls on the Balan￿ sheet. Where twxne 1$ receNed in advance of entitlement of feceipt. its
recognitrjn is deferyed and included in creditors as deferred income. Whare entitlement occurs
before inccthe is received, Ihe income is accrued.
Income tsx woverable in relati￿ to d(malwis received under Gift A"d or deeds of covenant is
recognised at the time of the donatKJn.
Income L7x recoverabk in reLgtion to wwestrnenl income ts recwised at the time the investment
ineome 15 receivable.
2.4 Expenditur•
Page 18

REDEEMED CHRISTIAN CHURCH OF GOD {'RCCG'I TRINifY CHAPEL
(A company Ilmlted by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OEC&IIBER 2023
Ac¢ounting policies (¢ontSnued)
Expendiiure is rectsynised once there is a legal or constfuctNe obligation to transfer ￿0￿0M1¢
benefit lo a third party, il ￿ probab￿ that a transfer of economic benefits will be required in
settlemenl and the amount of the obligath)n ￿ be measured reliabty. Expenditure is classified by
actiwty. The costs of each acbvity are made up of the total of direct costs and shared costs,
inclLKling support costs invofved in undertaking each activty. Direct costs attributable to a single
aclivty are alkxaled direclly to that actmty. Shared costs vthich contribute lo more than one activity
and support Costs are not attributsble to a single acb.vty are apportioned be￿eert those
activitses on a basis consistenl wth the use of resources. Central staff costs are allocated on the
basis of Iwne sperrt. and dew￿lakn Ch￿ alkxated on the p)rfJ'on of the asseys use.
Expenditure charl￿e &tivilres ts inwrred on directy undertaking the aclNiltes whth fvrther the
Charilable Companls objectives, as well as any associated support costs.
l expendibAe is inclusive of irreco¥erable VAT.
2.5 Government grants
Govemment grants rel*ing to tsngitlo r￿ed assets are treated as deferred income and released lo
the Ststemenl of financial acti¥￿e$ over the expected useful Irves of the assets concemed. Olher
grants are credited lo the Ststement of financial aCtNit￿S as the related expenditure 15 tncurred.
2.6 IntWOSt receivable
Interest on funds hekl on dep)srt 15 ir￿lUded when receivabfe and Ihe amounl can be measured
relHbly by the charits￿e Company. this is normalty upon notsficèt￿n of the interest paid or payable
the instilutron with the furrfts are deposited
2.7 Gift Aid
Where thg right io rernI￿ Grfl has been estabh'shed. Ihe amounl receivable is reccyjnised as
investment income in ts Statement offm￿la1 acbvitw.
18 Forglgn ¢urren¢les
Monetary assets and liablilies denornThited in foreign currencies are translated into steth'ng al rntes
of exchange ruling at the rewrting date.
Transactims in foreign currewes are translated into 5terlirvJ al the rate ruling on the date of the
Iransackn"on.
ExchaThJe gains and losses afe recognised Ni the Stalemenl cl financ￿1 aclwities.
2.9 Tangible fix•d a85ets and deprnclatlon
Tangible flxed assets costing £500 ¢* more are oprtatised WKI recognised vthen fuwre eLonomK
benefits are probable and the cost or value ofthe asset can be MeaSu￿d relrdbty.
Tangible fixed assets are intslky recc*Jnised at cost After recognrtion, under the cost model.
tangible fixed assets are measured al cosl kss accumulated depreciation and any accumulated
impairment losses. AJI costs incurred to bring a tangible fixed asset inlo rt$ intended working
ondilim shtyjkl be incknled in ts m&¥uremerf of cost
Page 19

REDEEMEO CHRISTIAN CHURCH OF GOD ('RCCGI TRINIry CHAPEL
(A Company limit9d by guarant•g)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Ac¢ouftting policies (continued)
2.9 Tangible fixed assets and depreciatlon IcontiThu
Depre¢iatw)n is charged $0 as to albcate wst of tangible fixed assets less theii residual value
over their estm*ed useful li4os. usir¥J the strap3hl-line method.
Depfe¢ialion is prti￿ded on the folkming basis:
Short-lerm leasehokj propety
Music Equip & Church Fumiturg-
Fixtures and fittings
Media equipment
Computer equipment
4% Stra￿h1 line
33% straKJht line
13% Stra￿h1 line
33% straight line
33% straight hne
2.10 Debtor5
Trade other debtors are recc*Jnised at the settlement amount after any trade discount offered.
Prepayments afe vdued at the amount prepa￿ nel of any trade discounts due.
2.11 Ca¥h at bank and in hand
Cash at bank and in hand includes cash and short-lemi highly I￿VId investrnents with a short
matuiity of three months or less fr(xn the date of wuisitDn or opening of the deposit or similar
ounl.
2.12 Liabilili06 and provlslons
Lialylibes are ￿¢C￿liSed when the￿ is an obligth.cffj at the Balance sf*el dale as a resurt of a past
evenL rt IS Probable that a transfer of economic tenefit will be required in settlement. and the
amount ￿ the settlement can be estinated reliabty.
LiatH"lities are recognised at the amount that the Charitable C¢xnpany anticipates it will pay lo settle
the debt or the amount it has ￿CeIVed as a¢fvanced payments for the goods or 5erv¢ces il mu51
promde.
Provisions are measured al the best estwnate of the amounts rewired to settle the obligation. Where
the effect of the b.me value of money is material. the provisKJn is based on the present value of those
amounts, diseounled at the pr&tsx discount rate that reflects the risks specifi¢ lo the liability. The
unwinding of the discount 15 recognised in the Statement of financial activities as a finan￿ cosL
2.13 Finan¢lal Instruments
The Charrtable Cc4nPally <)nty has financFal assets and financial 1o1y.h1￿ of a k*KI that qualfy as
bas￿ financpl instruments. Bas￿ financial instruments are In￿"81ty recognised at transaclK)n value
and subsequently measured at their settlement Y￿ue wlh the exCept￿n of bank kxns which are
subsequently MeaSu￿d at amortised cost using the effeclNe interest method.
2.14 Operatlng leases
Rentals paid under ¢Jperating leases are tharged to the Statement of financial aclNities on a
slraight-line basis over the kne temi.
Page 20

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG) TRbNrrY CHAPEL
(A ¢ompany lirnrted by guarant•el
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
A¢¢ountlng policlos (¢ontinuod)
2.15 Pension8
The Charilabb Company opwates a deffined ¢￿tri￿Artion penson stheme and the pension char
represents the amounts payable by the Charitable Company to the furnfj in resFed of the year.
2.16 Fund •c¢ountSng
General funds are unrestrKted funds are available for use at the discreticffl of the Trustees in
furtherance of the general Otlectr￿ of the Charilablg Company and have not been
desynated for other purposes.
Restricted hJnd$ are furKts which are to be used in a￿OrdanCe with srecffic reslrictions imposed by
nors or which have been raised by Ihe Charitable Company for partKular purposes. The costs of
raising and administering such funds a￿ charged against the specrfic ful￿. The aim and use of
festricted furd is set out in the notes to the financ*1 statements.
Investh)ent irKome. gains and losses aft allocated to the apw¢Wte fund.
Pa9B 21

REDEEMED CHRISTIAN CHURCH OF GOD {'RCCG') TRINiff CHAPEL
{A Company limit￿ by guarantso)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Income from donations and legacies
Re8trlctod Unr¢strict¢d
funds
fvnd8
2023
2023
Total
funds
2023
L)onaltons
Governmenl grants
142,020
78.719
896.587
1,038,607
78,719
220,739
896.587
1.117.326
The Government grant Ihe refvnd of VAT cffj renovat￿1 aThl refft on the leasehold prc¢*erty through the
Listed P*e of Worship scheme.
Restricted Unrestiycled
fijnds
funds
2022
2022
Tolal
fvnds
2022
Donations
Govemment grants
t99.023
114.906
816.518
1.015,541
114.906
313,929
816.518
1,130.447
In¢ome from charitable activities
Unrestricted
funds
2023
Total
funds
2023
Income from charrtable xtNities- Events and Conferer￿e$
Income from charitable aclNities- Sale of txxjks arKI tapes
Income from charitable ￿1￿￿"e5- Cafe
S1.613
51.613
51,613
51.613
Page 22

REDEEMED CHRISTIAN CHURCH OF GOD {'RCCG') TRINrrY CHAPEL
(A Company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEM8ER 2023
In¢ome from charitable actiVbtSes (continued
Unrestricted
funds
2023
Total
funds
2022
Income from charrtable actNibes- E%ents and eonferences
Income from charitable actNilies- sa￿ of twks and tapes
Income from charitatde a¢tNibes- Cafe
8,861
1.266
14,643
8.861
1,266
14,643
24,770
24.770
Investment in¢om¢
Unr•strict•d
funds
2023
Total
fund$
2023
Investment income- local investrnenl properties
Investment income- thal cash
14.300
923
14.300
923
15.223
15.223
Unrestrrted
funds
2022
Total
funds
2022
Investment income- local invesbiient Pro￿TtieS
Investment income- Ictal
37,550
292
37.550
292
37,842
37.842.
Page 23

REDEEMED CHRISTIAN CHURCH OF GOO (IICCG'I TRINrrY CHAPEL
(A company Ilmited ty guarnnteel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Anatysis of"expenditur• on Charitsbh xtl¥lties
Summary by fund typ•
Restrict￿ Unr•strkt¢d
funds
funds
2023
2023
Total
2023
Advancement of Christian Faith Worldthde
115,343
986.554
1.101,897
Reslrthd Unrestricted
fvnds
fvnd$
2022
2022
Total
2022
Advancement of Christian Faith Worh*wKle
4,925
944,461
949,386
Anatysis of •xpenditur• by activiti•s
Activities
undertaken
dire¢tly
2023
Support
costs
2023
Total
fund$
2023
Advancement of Chrislian Faith Wortdwide
270,379
831,518
1.101.897
Activilies
undertaken
direcuy
2022
Support
costs
2022
Total
funds
2022
Advancement of ChristTran Faith worh*￿Ie
225.400
723.986
949,386
Page 24

REDEEMED CHRISTIAN CHURCH OF GOD {'RCCG'I TRINITY CHAPEL
(A company Ilmlled by guarnnts•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Anatysis of expendi￿r4 by acti¥iti•s (continu•d
Analysi8 of dir•ct costs
Advanc•m¢
nlof
Christlan
Faith
Worldwide
2023
Total
funds
2023
Staff costs
Miss￿ary & Charitable DOnat￿nS- UK
Visiting speakers expon
Conferences and Events
Wellare
138.651
15.800
4,958
102.920
8.050
138.651
15,8lXI
4.958
102.920
8.050
270.379
270,379
Advancemen
t ol Chnstian
Faith
W0rtdW￿e
2022
Total
funds
2022
Staff costs
Missionary & Charitable Donab"ons- UK
Hall Hire
Visiting speakers expenses
Conferences aTrJ Events
Welfare
131.064
16,990
19,846
73.296
39,279
4,925
731,064
t6,990
19,846
13,296
39.279
4,925
225,400
225,400
Page 25

REDEEMED CHRISTIAN CHURCH OF GOD {'RCCG') TRINITY CHAPEL
IA company Ilmll•d by 9uarant••l
NOTES TO THE FINANCIAL STATEMEtrUS
FOR THE YEAR ENDED 31 DECEMBER 2023
Anatysis of •xpenditur• by activities (conlinued)
Anatysis of support ¢o#ts
Ad¥anc8ffle
ntof
Christlan
Falth
Worldwide
2023
Total
funds
2023
Staff costs
Depre￿atiOn
Premises costs
Communication costs
Muttimedia & IT expenses
Grfts to parishioners and others
Sundry church expenses
Consultancy
Refreshments
Travelling expenses
HI￿ of vehicles and equip¥nent
Prsnling. postage and staI￿nery
Advertising and publicaions
In5uran¢e
8ank Charges
Fo￿X {gainl I loss
Staff training res¢JJTces
VAT on con$lruclion
GoveTnance c05t5
131,181
84.234
302.430
4,275
82,711
1,970
42,330
53,425
11,540
9.517
885
4.589
3,952
1,563
8,877
14)
20
81,019
131.181
84.234
302.430
4.275
82,711
1,970
42.330
53.425
11.540
9.517
885
4,589
3.952
1.563
8.877
{4}
20
81,019
7.004
831,518
831.518
Page 26

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG'I TRINIry CHAPEL
(A company Ilmltod by gu•rnnte•l
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Anatysis of exp•ndilur• by activiti•s (¢ontinued)
An*ly8is of support costs (continued)
Advancemen
l of chriSt￿n
Faifh
Total
funds
2022
2022
Staff cos15
Depreciation
Missionary & Charitable Dwtirx6- UK
Premises costs
Communvlion costs
Multimedia & IT expenses
Gifts to parishionefs and others
Sundry church expenses
Consultsncy
Repairs and maintenance
Refreshments
Travelling expenses
Hire of vehides and equipment
Legal and profes&onal fees
Printing. post•Je and stationery
Advertising and publicatsons
Insurance
Bank charges
Forex (gain) I k)ss
Events C8tering
Staff training resources
Members Training and sporksorship
VAT on constructi
Governance costs
146,395
36,481
10,469
738,067
16.004
43,583
2.767
23,745
38,000
15,413
12.105
3.414
10,879
86.119
667
8,605
1.303
9.709
(823)
146,395
36.487
tO.469
138.067
16.004
43.583
2, 767
23. 745
75,413
12.105
3.414
10,819
86.119
667
8.6Q5
1,303
9, 709
(823)
550
488
400
114,906
4.800
400
114,906
4.800
723,986
T23,986
Page 27

REDEEMED CHRISTIAN CHURCH OF GOD {'RCCG') TRINiff CHAPEL
(A ¢ompany Ilmlt•d by guarant•e}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEAIBER 2023
Auditorn. remuneration
2023
2022
Fees payable lo the Charrtable Ctynpanys auditor for the audit of the
Charitable Ccffipan¥s annual accounts
Fees payable to the Chartsble Compan*$ auditor in respect rt.
Al non•audit services not induded above
4.800
2023
2022
Wages and sataries
Social security costs
Conlribution to (Jefined ContributK￿ pension schemes
247.490
18.799
252,345
19,267
5.847
269.832
277.459
The average nurnber ot persons by the Charitsb]e Crynpany during the year w8s as follows".
2023
No.
2022
Pastors
Church Adrninistration
The number of employees whose ernF40￿ beneffts (exdudiw empknyer pensKJn costs) exceedèd
£60.000 was".
2023
2022
In the band £70.001 - £80,000
In the band £80,fX)1 - £90.th)0
10. Trustws. remunerallon and exp•n8e8
During the year. no Trustees received any r•Jnuneration or other benefts 12022- £NIL).
During the year ended 31 December 2023. ￿ Tnjstee expenses have been incurred f2022- £NIL).
Pa9e 28

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') TRINITY CHAPEL
IA company Ilmlted by guarants•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
11. Tangible fix￿ assots
Short4erm
leasehold Other fixed
Tolal
Cost or valuation
At 1 January2023
Additions
$28.806
428.334
514.784
100,428
1,043.590
528.762
At 31 De¢emtw 2023
957.140
615.212
1.572.352
Deprnciatlon
At 1 January2023
Charge for the year
439.559
52.330
439,559
84.234
31.904
At 31 December 2023
31.904
491.889
523.793
Not l)ook valu•
At 31 Decemter 2023
925,236
123.323
1,048,559
At 31 December 2022
528,806.
75.225
604.031
12. Debtorn
2023
2022
l)ue aft•f morn than one y•ar
Other debtors
130.000
130.000
130.000
130,000
Oue withln one year
Trade debtors
Other debtors
Prepayments and accrued income
Tax recoverable
16.651
1.000
55,574
14.848
28.459
62
10.489
218.073
169,010
Page 29

REDEEMED CHRISTIAN CHURCH OF GOD {'RCCG') TRINrrY CHAPEL
(A company limit￿ by guarant¢e)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
13. Crndi¢ors: Amounts falllng due wtthln ono yoar
2023
2022
Trade credito
Other taxab.on and sccial secur
PensK)n fund knan payable
Other CTeditOTS
Accruals and deferred inccwne
20.179
10,925
2.452
500
1S.641
23,071
1.33t
17.994
49.697
42.580
14. Financial instNm•nts
2023
2022
Financial a￿tsts
Financial assets measured at fair ￿￿1￿e through inc¢me and expenditure
127.487
531,696
Financk4 assets measured al fair value through I￿orne and extWKliture comprise Cash al bank and in
hand.
Page 30

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') TRINtTY CHAPEL
(A company I￿lt¢d by guafantsts)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15. Stst•ment of funds
Statem•Trt of funds- ¢urrrf year
Balan¢0 #t
31
December
2023
Balance at 1
January
2023
Ineome EXp￿dIt￿le
Unr•8tricted funds
General Funds
963.423
{986.$541
641,302
Restrf¢ted fund#
Brook Buihjing
Welfare
VAT on ccffi5truction
586.026
11.698
128,328
13.692
78.719
{28.574)
{8.050)
178.719
685,780
17,340
S97.724
220,739
{115,343)
703.120
Total of fund$
1.262.1S7
1.184.162 11,101.897) 1.344,422
The Brook Building fund was used as part-payment for Ihe rennovath￿ of the new church premises
purchased as a short Ieasehg￿d and iepRsents future ¢Jepreckibon (£28.574 per year - 4% of original
cost covered by the fund).
Wellare fund relates to thnal*)ns received towards supporting general weware needs.
The charilable company has enwgh fvnds in the bank to SUFPOrt the Welfare fund.
Page 31

REDEEMED CHRISTIAN CHURCH OF GOO {'RCCG') TRINITY CHAPEL
IA ¢4)mpany limit•d by guar4nt¢•)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
15.
Statemont of fund8 (continuod}
Statement of funds - prlor year
Balance al
31
L)ecember
2022
Balance al
l January
2022
Income E%pgnditu
Unraslricted funds
General Funds
614.858
994,036
(944.461)
664.433
Restricted funds
Brook BuildKvJ
Wellare
398.416
5.210
187.610
11.413
586.026
tl.698
(4,925)
403.626
199.023
(4.925)
597.724
Total of lunds
1,018,484
1. 193.059
(949,386)
1,262,157
Page 32

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG.) TRI4rrY CHAPEL
IA Company limited by guarants•}
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
16. Summary of fundg
Summary of funds - y•ar
Balanu at
31
D•cembor
2023
B•lanc• * 1
January
2023
In¢om6 Expenditur•
General fvnds
Restricted furKts
963,423
220.739
1986.5541
1115.3431
641,302
703.120
597.724
1.261157
1.184.162 {1.101.8971
1,344,422
Summary of funds- prior year
Balance at
31
C*cember
2022
Balance al
l January
2022
Income Expendituro
General funds
Restricted fvnds
614.8S9
403.626
994.036
199.Q23
(944,461)
(4,925J
664.433
$97,724
1.018.484
1. 193.059
(949.386)
1.262, t57
Page 33

REDEEMED CHRISTIAN CHURCH OF GOD {'RCCG'> TRINrrY CHAPEL
IA CoM￿nY limitod by guarantee
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
17. Analysis of n•1 a¥sets batween funds
Anoty8i8 of net asuts between fvnd8- current ye•r
Restricted Unrestricted
fvnds
funds
2023
2023
Total
fund$
2023
Tangible fixed assets
Debtors due after more than one JEar
Current asset$
Creditors due within year
685.780
362.779
130.000
198.220
(49.697)
1.048,559
130.000
215.$60
(49.697)
17.340
Total
703.120
641,302
1.344.422
Analysis of n•t aM•ts belwoen funds- Pfior y•ar
RestrKfed unftstn.cted
funds
funds
2022
2022
Tolal
nds
2022
Tangibb f￿8￿ assets
Debtors due after more than one year
Current assets
Creditors due ￿thIn cw)8 year
528.806
75,225
130.000
501, 788
(42,580)
604,031
130,000
570. 706
(42,580)
68,918
Totsl
597.724
664,433
1.262, 157
18. Reconciliation of n•t mov•m•nt in fvnds to n•t ush flow from 0￿ratIng a¢tlviti•s
2023
2022
Nel income for the year (as per Ststement of Finanual Activi￿>
82.265
243,673
Adjustments for.
Oepreciation charges
Increase in debtors
Increase in credilors
84,234
(49.063)
7.117
36,481
(143.390)
11,811
Net provided by op•r*ting acti¥i¢i•s
124,553
148.575
Page 34

REDEEMED CHRISTIAN CHURCH OF GOD 1￿cCG.l TRINrrY CHAPEL
(A company Ilmlted by guarantsel
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
19. Analysis of ush and cash equivalents
2023
2022
Cash in hand
127,4B7
531,696
Total cash and cash equivalents
127.487
531,696
20. Anatysis of chanw in net debt
At1
January
2023 Cash flows
At31
December
2023
Cash at bank aNJ in I￿nd
Debt due within 1 year
531,696
(1.3311
(404,209)
127,487
{2,4S2)
530.365
1405.3301
125.036
21. P•n$ion ￿MMItM•nts
The Chanty QFerate5 a defined contributions Fensh￿ scheme. The assets of the xheme are held
separately frcffi those of the Chaity in an independendy •Jmintstered fund. The pension cost charge
represents contributions payable by the Charty to the fund and amounted to £3.54312022 - £5.847J.
Operatlng lease commitinents
At 31 December 2023 the Charitsble Company had commrtments to make future minimum lease
payments undef non-cancdl*e operating1&3ses as folh)w5'.
2023
2022
Not later than 1 year
Later than 1 year and not later than 5 years
Later than 5 yeaTS
260.000
1.040.000
4.940.000
260,000
1,040,000
5,200,000
6.240.000
6,500,000
Page 35

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG'I TRINifY CHAPEL
(A ¢ompany lirnltgd by guarant9•1
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
23. R•l•ted party tra￿￿CtionS
The Charitable Company has not entered into any ￿lated pty twsactK)n durin9 the year. nor are there
any outstsnding balanees trMng between related parties ar￿ the charitab￿ C¢yxpany at 31 December
2023.
Pag8 36