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2022-12-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD- OPEN HEAVENS BARNET {an Incorporatad Charlty Ilmlted by guarantee wlthout a sharo Cap￿1) Trusteos. Annual Report The Trust&es present Ihe annual reportand accounts ofthe Charity forthe period ended 31 st Dec8mbgr 2022 Trustees. R•sponsIN1￿1S for thg Pr•paratlon Of The FIna￿la1 Ststsments The Charity meets Ihe requirement ofa small company under the companies Act and does not ex￿ed the audit threshol¢Js. The Trustees are responsible forthe preparation ofthe financial ststements for each ffinancial period which give a true and fairview of the financial position ofthe charity. The Trustees have selected suitable accounb'ng policies and applied them consistenly, making judgements and estimates that are reasonable and prudent in tha preparation of the financial stalemenLs on a going LL)ncem basis. The Trust&es are responsible for keeping proper accounting records which disdos8 reasonable accuracy al all times. They are also responsible for safeguarding the assets of the LX)mpany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Prlnclpal Actlvltlgs The Redeomed Christian Church of ¢k)d- Op8n Heav8ns Christian c8ntr8 Bamat is a religious organisation and also a charity. The main objective ofthe charity is the advancement ofthe thristian frdith worfdwide and the relief of poverty. Achlavemants arml 88ngfft The Redeemed Christian Church of &)d, Open heavens BarneL is commilted to creating an enabling environmentfor members ofthe community and church to worship freely either during our weekly service OT Sunday service. Our activities help to put our faith into practise Ihrough Inter￿SSOry prayer meetings, Sunday school services, scriplures. music and Holy ￿Mmuni0n servics. Ourwork wilh families and individuals put Christ as the centre of all our affairs. Reaching out and helping peoplg in nged is an expression of our faith. Flnanclèl Revlew During Ihe year, the total unrestricted donab'ons from members inclusive of bank interests were £54.596 and Restricted donations inclusive of bank interest were £4,585 re(*ived towards Ihe church building project. £39,088 was expended during 1he year ￿$￿Iting in a net suplus of £20,092 for the year 2022. The det2ils ofthe ffinanoal position for the period ended 31st December. 2022 are laid out in the Charity accounts herebyattathed. Trusteos The trustees who served in the period were.. Yelunde Adewunmi AKINYEMI Olabiyi AJIBOLA Olufolake Folashade c￿BEB￿ By Ordgr of the Trustees

1152915

THE REDEEMED CHRISTIAN CHURCH OF GOD OPEN HEAVENS BARNET

Annual Accounts JANUARY 2021 to DECEMBER 2022

THE REDEEMED CHRISTIAN CHURCH OF GOD - OPEN HEAVENS BARNET (an incorporated Charity limited by guarantee without a share capital) Trustees' Annual Report The Trustees present the annual report and accounts of the Charity for the period ended 31st December 2022 Trustees' Responsibilities for the Preparation Of The Financial Statements The Charity meets the requirement of a small company under the companies Act and does not exceed the audit thresholds. The Trustees are responsible for the preparation of the financial statements for each financial period which give a true and fair view of the financial position of the charity. The Trustees have selected suitable accounting policies and applied them consistently, making judgements and estimates that are reasonable and prudent in the preparation of the financial statements on a going concern basis. The Trustees are responsible for keeping proper accounting records which disclose reasonable accuracy at all times. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Principal Activities The Redeemed Christian Church of God- Open Heavens Christian centre Barnet is a religious organisation and also a charity. The main objective of the charity is the advancement of the christian faith worldwide and the relief of poverty. Achievements and Benefit The Redeemed Christian Church of God, Open heavens Barnet, is committed to creating an enabling environment for members of the community and church to worship freely either during our weekly service or Sunday service. Our activities help to put our faith into practise through intercessory prayer meetings, Sunday school services, scriptures, music and Holy communion services. Our work with families and individuals put Christ as the centre of all our affairs. Reaching out and helping people in need is an expression of our faith. Financial Review During the year, the total unrestricted donations from members inclusive of bank interests were £54,596 and Restricted donations inclusive of bank interest were £4,585 received towards the church building project. £39,088 was expended during the year resulting in a net suplus of £20,092 for the year 2022. The details of the financial position for the period ended 31st December, 2022 are laid out in the Charity accounts hereby attached. Trustees The trustees who served in the period were: Yetunde Adewunmi AKINYEMI Olabiyi AJIBOLA Olufolake Folashade OGBEBOR By Order of the Trustees

RCCG OPEN HEAVENS BARNET OPEN HEAVENS BARNET OPEN HEAVENS BARNET Charity
No

1152915
Annual accounts for the period
Period start date 01/01/2022 To Period end date 31/12/2022
Section A Statement of financial activities
Recommended
categories by activity
Details of own
analysis
Note
Incoming resources (Note 3)
Incoming resources from
generated funds
Voluntary income
S01
Activities for generating funds
S02
Interest/ Investment income
S03
Incoming resources from
charitable activities
S04
Other incoming resources
S05
S06
Resources expended (Notes 4-8)
Costs of Generating Funds
Costs of generating voluntary income
S07
Fundraising trading costs
S08
Investment management costs
S09
Charitable activities
S10
Governance costs
S11
Other resources expended
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
Prior year adjustment
S21
Gains and losses on investment assets
Net movement in funds
Total funds brought forward
Total funds
Total funds carried forward
Total resources expended
Net incoming/(outgoing) resources before
transfers
Gross transfers between funds
Net incoming/(outgoing) resources before other
recognised gains/(losses)
Other recognised gains/(losses)
Gains and losses on revaluation of fixed assets
for the charity’s own use
Total incoming resources		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total this year
2022
Total last year
2021
£
£
£
£
£
F01
F02
F03
F04
F05
- - - - -
54,359 4,553 - 58,911 53,438
- - - - -
237 32 - 269 11
- - - - -
- - - - -
54,596 4,585 - 59,180 53,448
- - - - -
24,647 - 24,647 22,278
- - - - -
- - - -
14,442 - 14,442 13,119
- - - - -
- - - -
39,088 - - 39,088 35,396
15,507 4,585 - 20,092 18,052
- - -
15,507 4,585 - 20,092 18,052
- - - - -
- - - - -
15,507 4,585 - 20,092 18,052
112,345 10,435 - 122,780 104,728
127,852 15,020 - 142,872 122,780
- -
127,852 15,020 - 142,872 122,780
57,693
RCCG OPEN HEAVENS BARNET OPEN HEAVENS BARNET OPEN HEAVENS BARNET OPEN HEAVENS BARNET Charity
No

1152915
Balance sheet for the period ended 31st December, 2022
Section B Balance sheet
Fixed assets
Tangible assets
B01
B02
Investments
B03
Total fixed assets
B04
Current assets
Stock and work in progress
B05
Prepayments
Debtors
B06
(Short term) investments
B07
Cash at bank and in hand
B08
Total current assets
B09
Creditors: amounts falling due within
one year
B10
Net current assets/(liabilities)
B11
Total assets less current liabilities
B12
Creditors: amounts falling due after one
year
B13
Provisions for liabilities and charges
B14
Net assets
B15
Funds of the Charity
Unrestricted funds (Note 3)
B16
B17
Restricted income funds (Note 3)
B18
Endowment funds
B19
Total funds
B20		 Unrestricted
funds
Restricted
income funds
Endowment
funds
Total this year
2022
Total last year
2021
£'000
£'000
£'000
£'000
£'000
F01
F02
F03
F04
F05
- - - -
- - - - -
- - - - -
- - - - -
- - - - -
352 352 -
- - - -
5,000 - - 5,000 5,000
125,138 15,020 - 140,158 119,867
130,491 15,020 - 145,510 124,867
(2,639) - - (2,639) (2,087)
127,852 15,020 - 142,872 122,780
127,852 15,020 - 142,872 122,780
- - - - -
- - - - -
127,852 15,020 - 142,872 122,780
127,852 127,852 112,345
- -
15,020 15,020 10,435
- - -
127,852 15,020 - 142,872 122,780

RCCG OPEN HEAVENS BARNET

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Give details in this box if a different standard has been followed.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year .

1.3 Changes to previous accounts

No changes have been made to accounts for previous years.

RCCG OPEN HEAVENS BARNET
Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or
additional policy has been adopted then this is detailed in the box below.
INCOMING RESOURCES
Recognition of incoming These are included in the Statement of Financial Activities (SoFA) when:
resources · the charity becomes entitled to the resources;
· the trustees are virtually certain they will receive the resources; and
· the monetary value can be measured with sufficient reliability.
Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income) the
related expenditure incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations There were no Grants in this financial period. All donations are included in the SoFA and classed
as either restricted or unrestricted based on the charity's entitlement to the resources.
Tax reclaims on donations and
gifts		 No tax reclaims were collected on donations.
Contractual income and No contractual income has been received by the charity
performance related grants
Donated services and facilities These are only included in incoming resources (with an equivalent amount in resources expended)
where the benefit to the charity is reasonably quantifiable, measurable and material_._The value
placed on these resources is the estimated value to the charity of the service or facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.
Investment income This relates to interest received from the savings accounts maintained by the charity.
Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year. No gain or loss wa reported in the
year 2022
EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to pay out resources.
Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee
meetings and cost of any legal advice to trustees on governance or constitutional matters. There
were no governance costs for the year to 31/12/2022
Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service or
conditions output to be provided, such grants are only recognised in the SoFA once the recipient of the grant
has provided the specified service or output.No grant was issued during the year to 31/12/2022
Grants payable without These are only recognised in the accounts when a commitment has been made and there are no
performance conditions conditions to be met relating to the grant which remain in the control of the charity.
ASSETS
Tangible fixed assets for use There was no fixed asset for the year to 31/12/2022
by charity
Investments Short term investments for the year to 31/12/2022 relates to marketable security

RCCG OPEN HEAVENS BARNET Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources Incoming resources may be further analysed if this would help the reader of the accounts.

Activities for generating funds
Investment income
Incoming resources from
charitable activities/Restricted
Income
Voluntary income		 Analysis Total this year
2022		 Total last year
2021
£
£
Donation-Unrestricted
 54,359 38,895
Donations-Restricted 4,553 2,655
Total 58,911 41,550
Fund raisingactivities
- -
- -
- -
- -
Total - -
savings account interest income 237 75
Interest income-Restricted Donations 32 6
- -
- -
- -
Total 269 81
- -
- -
- -
- -
- -
Total - -

RCCG OPEN HEAVENS BARNET

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Governance costs
Charitable activities
Investment
management costs
Fundraising trading
costs
Costs of generating
voluntary income		 Analysis Total this year
2022		 Total last year
2021
£
£
Professional Fees
Office/ Adminstrative Expenses 15,404 15,363
Rent 9,243 6,915
Events
Total 24,647 22,278
- -
- -
- -
- -
- -
Total - -
interest expense - -
- -
- -
Total - -
World Evangelical Mission 10,492 10,001

Festival of Life		 600 600
Evangelism 3,350 2,518
Total 14,442 13,119
Charity registration - -
- -
- -
Total - -

RCCG

OPEN HEAVENS BARNET

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

costs.
Support cost type Fundraising activity
£		 Charitable Activity
£		 Governance
Activity
£		 Total Cost
£
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
Total - - - -

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).


Number of trustees who were paid expenses
Nature of the expenses
Total amount paid		 Total this year
2022		 Total last year
2021
NONE NONE
£ £

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).


Independent examiner’s or auditors' fees for reporting on the
accounts
Other fees (for example: advice, consultancy, accountancy services)
paid to the independent examiner or auditor		 Total this year
2022		 Total last year
2021
£ £
NIL NIL
NIL NIL

RCCG

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors
Trade debtors
Amounts due from subsidiary and associated
undertakings
Other debtors
Prepayments and accrued income
Total
Amounts falling due within
one year
Amounts falling due within
one year		 Amounts falling due after
more than one year		 Amounts falling due after
more than one year
This year
£		 Last year
£		 This year
£		 Last year
£
- - - -
- - - -
- - -
- - - -
- - - -

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

Loans and overdrafts
accruals
Amounts due to subsidiary and associated undertakings
Other creditors
Accruals and deferred income
Total		 Amounts falling due within
one year		 Amounts falling due within
one year		 Amounts falling due after
more than one year		 Amounts falling due after
more than one year
This year
£		 Last year
£		 This year
£		 Last year
£
-
2,639 2,087 - -
- - - -
- - - -
- - - -
2,639 2,087 - -

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

Independent examiner's report Independent examiner's report
Address:
Name:
Relevant professional
qualification(s) or body (if
any):
Signed:
Basis of independent
examiner’s statement
Independent examiner's
statement
Respective responsibilities of
trustees and examiner
On accounts for the year
ended
Report to the trustees/
members of
THE REDEEMED CHRISTIAN CHURCH OF GOD OPEN HEAVENS BARNET
Charity
no (if any)
1152915
Date
24/04/2023
My examination was carried out in accordance with 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 the 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 statement below.
In connection with my examination, no matter has come to my attention 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 Charities Act; and
 to prepare accounts which accord with the accounting records and comply with the
accounting requirements of the Charities Act
have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
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 of the Charities
Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the Charities Act,
 to follow the procedures laid down in the general Directions given by the Charity
Commission (under section 145(5)(b) of the Charities Act, and
* to state whether particular matters have come to my attention.
31STDECEMBER, 2022
y
)
1152915
24/04/2023
NOSAKHARE ESAN
ASSOCIATION OF CHARTERED CERTIFIED ACCOUNTANTS
EN5 2BJ
SINOTE CONSULTING LIMITED
18 SHERRARDS WAY, BARNET, LONDON

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