2023-12-31-accounts - The Redeemed Christian Church Of God, Open Heavens Barnet

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1152915

THE REDEEMED CHRISTIAN CHURCH OF GOD OPEN HEAVENS BARNET

Annual Accounts JANUARY 2023 to DECEMBER 2023

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 2023 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 £48,546 and Restricted donations inclusive of bank interest were £4,190 received towards the church building project. £38,138 was expended during the year resulting in a net suplus of £14,598 for the year 2023. The details of the financial position for the period ended 31st December, 2023 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	01/01/2023	To	Period end date	31/12/2023
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 revaluation of fixed assets for the charity’s own use *Total incoming resources* *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 investment assets *Net movement in funds* Total funds brought forward *Total funds* *Total funds carried forward*		Unrestricted funds Restricted income funds Endowment funds Total this year 2023 Total last year 2022 £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		46,528	3,929	-	50,457	58,911
		-	-	-	-	-
		2,017	261	-	2,278	269
		-	-	-	-	-
		-	-	-	-	-
		48,546	4,190	-	52,736	59,180

		-	-	-	-	-
		21,038		-	21,038	24,646
		-	-	-	-	-
			-	-	-	-
		17,100		-	17,100	14,442
		-	-	-	-	-
			-	-	-
		38,138	-	-	38,138	39,088
		10,408	4,190	-	14,598	20,092
				-	-	-
		10,408	4,190	-	14,598	20,092

		-	-	-	-	-
		-	-	-	-	-
		10,408	4,190	-	14,598	20,092
		127,852	15,020	-	142,872	122,780
		138,260	19,210	-	157,470	142,872
					-
		138,260	19,210	-	157,470	142,872
		68,101

RCCG	OPEN HEAVENS BARNET	OPEN HEAVENS BARNET	OPEN HEAVENS BARNET	OPEN HEAVENS BARNET	Charity No	1152915
	Balance sheet for the period ended 31st December, 2023
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 & accrued income 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 2023 Total last year 2022 £'000 £'000 £'000 £'000 £'000 F01 F02 F03 F04 F05
			-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-

		-	-	-	-	-
		270			270	353
			-	-	-	-
		5,000	-	-	5,000	5,000
		135,735	19,210	-	154,944	140,158
		141,005	19,210	-	160,215	145,511

		(2,745)	-	-	(2,745)	(2,639)

		138,260	19,210	-	157,470	142,872

		138,260	19,210	-	157,470	142,872

		-	-	-	-	-
		-	-	-	-	-

		138,260	19,210	-	157,470	142,872

		138,260			138,260	127,852
					-	-
			19,210		19,210	15,020
				-	-	-

		138,260	19,210	-	157,470	142,872

Signed by one or two trustees on behalf of all the trustees

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:

Accounting and Reporting by Charities – Statement of Recommended Practice (FRS 102);
and with*
ü Accounting Standards;
and with the Charities Act 1993.
[** except for the following].

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.

OPEN HEAVENS BARNET

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 was reported in the
	year 2023
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.
	Include costs of the preparation and examination of statutory accounts, the costs of trustee
Governance costs	meetings and cost of any legal advice to trustees on governance or constitutional matters. There
	were no governance costs for the year to 31/12/2023
Grants with performance conditions	Where the charity gives a grant with conditions for its payment being a specific level of service or 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 31/12/2023
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 by charity	There was no fixed asset for the year to 31/12/2023
Investments	Short term investments for the year to 31/12/2023 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.

Analysis	Total this year 2023	Total last year 2022
	£ £
Donation-Unrestricted	46,528	54,359
Donations-Restricted	3,929	4,553



Total	50,457	58,912

Fund raisingactivities
	-	-
	-	-
	-	-
	-	-
Total	-	-

savings account interest income	2,017	237
Interest income-Restricted Donations	261	32
	-	-
	-	-
	-	-
Total	2,278	269

	-	-
	-	-
	-	-
	-	-
	-	-
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.

Analysis	Total this year 2023	Total last year 2022
	£ £

Professional Fees
Office/ Adminstrative Expenses	9,228	15,404
Rent	11,809	9,243
Events


Total	21,038	24,647

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

interest expense	-	-
	-	-
	-	-
Total	-	-

World Evangelical Mission	12,203	10,492
Festival of Life	600	600
Evangelism	4,297	3,350

Total	17,100	14,442

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.

*support 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 2023	Total last year 2022
	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).

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	Total this year 2023	Total last year 2022
	£	£
	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.

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

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 £
		-
2,745	2,639	-	-
-	-	-	-
-	-	-	-
-	-	-	-
2,745	2,639	-	-

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 21/09/2024 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, 2023
		y ~~)~~ 1152915
		21/09/2024

	FAITH ESAN

	ACCA

	EN5 2BJ 18 SHERRARDS WAY, BARNET, LONDON