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← Redeemed Christian Chuch Of God Victorious Family Parish

2022-12-31-accounts

for the Y ear Ended 31 Decem ber 2022
Page
Legal and Administrative information 3
Report of the trustees 4-7
Report of the independent
examiner		 8
Statement of Financial Activities 9
Balance Sheets 10
Cashf low Statement 11
Notes to the Financial Statements 12 - 16
Detailed statement
of Financial		 Activities,
(Do not form part ofnotes to Financial statement). 178 18

for the
ear ended		 31 D ecember 2022
Unrestricted Restricted Total Funds Total Funds
Notes Funds Funds December December
2022 2021
INCOME & ENDOWMENT FROM
Donations
and legacies		 193,229 4,750 197,979 179,283
Investment
Income		 361 361 11
Total Income 193,590 4,750 198,340 179,294
Expenditure
Cost ofraising funds
Raising funds 18,190 4,750 22,940 26,620
Charitable
activities
General funds 133,552 133,562 101,096
Total 151,742 4,750 166,492 127.717
NET INCOME I (EXPENDITURE) 41,848 41,848 51.577
RECONCILIATION
OF FUNDS
Total funds brought forward 129,747 11,070 140,818 89,241
TOTAL FUNDS CARRIED FORWARD 171,595 11,070 182,666 140,818

Notes 2022 2021
Cash generated
from operating
activties:
Net Cash provided
by (used in) operating		 activities 42,530 80,046
Cash flows from investing
activites:
Interest from invetsments 1,854 246
Purchase oftangible
fixed asets		 (23,149) (6,617)
Net Increase/(decrease)
in cash in the year		 21,235 73,676
Cash in bank and in
hand less overdrafts
at the beginning		 ofthe year 167,532 93,857
Total Cash
in bank and
in
hand less overdrafts		 at the end ofthe year 188,767 167,532
Notes Year Ended 31 December 2022
1 RECONCILIATION
OF NET INCOME TO NET		 CASH FLOW FROM OPERATING ACTIVTIES
NET Income per Statement
of Financial		 activities 41,848 51,577
Adjustmenst
for:
Depreciation
Charges		 8,622 4,445
Deduct Interest from invetsments (1,854) (246)
Increase (Decrease)
in Creditors		 964 21,903
Decrease (Increase)
in Debtors		 (7,050) 2,368
Net Cash provided
by (use in) operating		 activties 42,530 80,046

6.Staff costs
2022 2021
6 5
Wages and Salaries 33,378 33,376
The average number of employees
No employees earned between f60,000 during the year (2020:2021)
7.Tangible fixed assets
Fixtures & Computer Motor
Premises Fittings Equipment Vehicle Plant &machinery Total
6 5 5 6 6
Cost
At 01 January 2022 116,600 7,437 2,370 5.875 59,547 193,829
Disposals 5,875 5,875
Additions 22,788 361 23,149
At 31 December 2022 118,600 7.437 2,370 22.788 59,908 211,103
Depreciation
At 01 January 2022 118,600 7,437 1,500 5,875 52,192 185,604
Charge for the year 251 4,558 3,813 8,622
Disposal 5,875 5,875
At 31 December 2022 118,600 7,437 1,751 4,558 56,005 188,351
Net book value
At 31 December 2022 619 18,230 3,903 22,753
At 31 December 2021 870 7,355 8,255
8.Debtors: amount
falling due within one		 year
2022 2021
6 6
Loan Io staff and sister parish 603 200
Debtor - other 5,750 1,750
Net Wages 3,187 703
Prepayments
Credit Card (Tithe and Offering) 8,446 8,283
17,986 10,937
9.Cash balance
Bank Current Account (NATWEST Current) 19,085 14,902
Bank Deposit Account (NATWEST Bonus Saver) 162,653 144,667
Cash in Hand 7,029 7,963
188,767 167,532
10.Creditors: amounts falling due within one year
Creditors 3,301 2,337
Accrued Expenses 43,539 43,539
Bank Loan
46,841 45,676

11.Movement in fu nds
At Net Movement in At
01/01/22 Funds 31/12/22
E E E
Unrestricted funds
Charitable 129,747 41,848 171,595
Restricted Funds
Charitable 11070 11,070
140,818 41,848 182,865
Net movements in funds, included in the above are as follows:
Incoming Resources Movement in
resources expended funds
E
Unrestricted funds
General Fund 193,590 (151,742) 41,848
Restricted funds
Restricted fund 4,750 (4,750)
Total funds 198,340 (156,492) 41,84e
Comparative for movement in funds
At Net Movement in At
12.Nlovement in funds 01/01/21 Funds 31/12/21
E E E
Unrestricted funds
Charitable 78,171 51,577 129,748
Restricted Funds
Charitable 118070 11,070
89,241 51,577 140,818
Net movements in funds, included in the above are as follows:
Incoming Resources Movement in
resources expended funds
9
Unrestricted funds
Charitable Fund 179,294 (127,717) 51,577
Restricted funds
Charitable fund
Total funds 179,294 (127,717) 51,577
13.Acurrent year 12months and prior year 12months combined position is as follows:
At Net Movement in At
01/01/21 Funds 31/12/22
E E E
Unrestricted funds
Charitable 78,171 93,425 171,595
Restricted Funds
Charitable 11,070 11,070
89,241 93,425 182,665

INCOMING RESOURCES INCOMING RESOURCES December December
2022 2021
F
Voluntary
income
Tithes &offerings 151,820 129,539
Thanksgiving 5,237 4,652
Gift aid claimed 36,483 17,929
HMRC JRS Grant 16,022
Sundry donations 3,408 10,280
Building
fund		 230 860
Surplus
on Disposal of		 Assets 800
197,979 179,283
Investment
Income
Year Ended 31 December 2022 361
Total incoming
resource		 198,339 179,293
RESOURCES EXPENDED
Cost ofgenerating
voluntary		 income
World Evangelical
Mission		 14,094 22,969
Central office charges 900 900
Donation to FOL 1,200 1,200
Donations - Other RCCG Parishes 6,746 1,551
22,940 26,620
Charitable
activities
Purchase
oftapes and		 books 829 403
Honorarium 5,346 6,631
Children's
service expenses		 321
Conferences,
conventions		 and retreat 9,303 216
Outreach 6,356 8,508
Welfare support 2,527 4,057
Hospitality 1,030
Audio visual expenses 971 300
Publicity 900 925
Legal and professional fees 1,089
Audit and accountancy fees 1,500 2,300
Professional
Fees, Licences &		 Permits 1,524 1,620
30,664 25,991

ear ended 31 Dec ear ended 31 Dec ember 2022
Support Costs
Management
Wages 33,378 33,378
Volunteer
Expense		 1,440
Rent and rates 12,000 12,000
Utilities 9,515 6,984
Telephone 1,113 811
Printing,
postage & stationery		 1,662 380
Insurance 1,966 620
Transportation 5,774 2,492
Repairs & renewals & Equipment Hire 4,767 7,672
Premises Expenses 10,624 2,712
General expenses 10,173 3,367
Depreciation Vehicle 4,558
Depreciation ofoffice equipment 251 251
Depreciation ofchurch equipment 3,813 4,194
Depreciation ofchurch premises
101,034 74,860
Finance
Bank charges 1,854 246
Loan interest
1,854 246
Total resources expended 156,492 127,717
Net income 41,848 51,577