**REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS YEAR END 31 DECEMBER 2023** **CHARITY REGISTRATION NO: 1153704** ## **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER CONTENTS PAGE YEAR END 31 DECEMBER 2023** |**CONTENTS**|**PAGE**| |---|---| |LEGAL AND ADMINISTRATIVE INFORMATION|1| |REPORT OF THE TRUSTEES|2 - 3| |REPORT OF THE INDEPENDENT EXAMINERS|4| |STATEMENTS OF FINANCIAL ACTIVITIES|5| |BALANCE SHEET|6| |NOTES TO THE FINANCIAL STATEMENTS|7 - 10| |INCOME AND EXPENDITURE|11| 1 ## **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER LEGAL AND ADMINISTRATIVE INFORMATION YEAR END 31 DECEMBER 2023** CHARITY REGISTRATION NUMBER: 1153704 REGISTERED OFFICE: 15 Slack Road Manchester SE6 4AS TRUSTEES: Oladokun Kolawole Victor Akinwunmi Akinlotan ACCOUNTANT New Bond Accountants 4a-6a Hythe Street Dartford Kent DA1 1BX 2 **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER REPORT OF THE TRUSTEES YEAR END 31DECEMBER 2023** The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS** Registered Charity number : 1153704 ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **OBJECTIVES AND ACTIVITIES** ## **The Charity's objects are:** The main objective of the charity is that of developing, maintaining and promoting Christian faith in the community where charity operates. The trustees endeavour to the best of our ability to maintain an excellent standard within the charity, with the Charity Commission and within our community We continue to focus our efforts in our Sunday Schools to teach young children about God and address some of the moral issues facing them. Our aim is to give the young people in our communities the tools to become responsible adults. ## **Significant activities** During the year we ran a number of activities including. - ~ -Bible teaching which is open to all, and thriving Sunday school which is progressing well with children and adults - ~ Friday evening youth group, which is well attended - ~ Trips to the seaside for the elderly and young people - ~ Supporting older and vulnerable groups within the community giving practical support and visiting - ~ Visits to older members of our communities, assisting them in their needs. - ~ Promotion of Healthy Living and Lifestyle. - ~ Supporting other charities - ~ Facilitating community cohesion - ~ Provision of Services We making it a part or our social responsibility to foster good relations with each section of our community in order to promote harmony and to enhance the community understanding of each other. 3 ## **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER REPORT OF THE TRUSTEES YEAR END 31DECEMBER 2023** ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable Activities** All The Trustees are actively doing their duties. During the year of 2023, it has been very challenging for our ministry. However, we will continue fulfilling our purpose. ## **FINANCIAL REVIEW** ## **Reserves policy** The trustees aim towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure. ## **Principal funding sources** The charity is maintained from tithes, and offerings, gift aid etc ## **STATEMENT OF TRUSTEES RESPONSIBILITIES** The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## _**ON BEHALF OF THE BOARD:**_ **----- Start of picture text -----**
.............................................
Oladokun Kolawole Victor (Trustee)
Date:
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4 ## **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER REPORT OF THE INDEPENDENT EXAMINERS YEAR END 31DECEMBER 2023** I report on the accounts for the year ended 31December 2023 set out on pages five to ten. ## **Respective responsibilities of trustees and examiner** The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to: - examine the accounts under Section 145 of the 2011 Act - to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and - to state whether particular matters have come to my attention. ## **Basis of the independent examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that, in any material respect, the requirements - to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and - to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities ## have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts 'to be reached. **………………………………………..** ## **Violeta Kolgegaj AAT** New Bond Accountants 4a-6a Hythe Street Dartford, Kent DA1 1BX 5 ## **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER STATEMENT OF FINANCIAL ACTIVITIES YEAR END 31DECEMBER 2023** |**STATEMENT OF FINANCIAL ACTIVITIES**
**YEAR END 31DECEMBER 2023**|**STATEMENT OF FINANCIAL ACTIVITIES**
**YEAR END 31DECEMBER 2023**|**STATEMENT OF FINANCIAL ACTIVITIES**
**YEAR END 31DECEMBER 2023**| |---|---|---| |**Unrestricted**
**INCOMING RESOURCES**
**Notes**
**2023**
**_Incoming resources from generated funds_**
Tithe , offering and other income
2
29,744
29,744
**RESOURCES EXPENDED**
Charitable Activities
3
23,601
Management/Support Costs
4
5,325
Accountancy
5
180
**TOTAL RESOURCES EXPENDED**
29,106
**NET INCOME/EXPENDITURE FOR THE YEAR**
**£638**
**RECONCILIATION OF FUNDS**
**Prior year adjustment**
2
**Total funds brought forward**
638
**TOTAL FUND CARRIED FORWARD**
**£640**||| ||29,744|| ||23,601
5,325
180
29,106|| |||**£638**
2
638
**£640**| None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2023 other than those included in the statement of financial activities. The notes on pages 7 to 10 form part of these accounts. 6 ## **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER BALANCE SHEET YEAR END 31DECEMBER 2023** |**FIXED ASSETS**
Tangible assets
**CURRENT ASSETS**
Debtors
Cash at bank and in hand
**CREDITORS: due within one year**
**Net Current Assets**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**FUNDS:**
Unrestricted Funds|**Notes**
8
9
10|**Unrestricted**|**Unrestricted**|**Unrestricted**| |---|---|---|---|---| ||||**2023**
**19,840**
**-**
**640**
**640**
**-**
**640**
**£20,480**|**2023**| |||||**2023**| |||||**£640**| The financial statements were approved by the Board of Trustees and were signed on its behalf by: **……………………………………. Oladokun Kolawole Victor (Trustee) Date:** The notes on pages 7 to 10 form part of these accounts. 7 ## **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER NOTES TO THE ACCOUNTS YEAR END 31DECEMBER 2023** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements have been prepared under historical cost convention and in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) issued in March 2005 and applicable accounting policies adopted in the preparation of the financial statements are as follows ## **Accounting convention** The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities ## **Financial reporting standard number 1** Exemption has been taken from preparing a cash flow statement on the grounds that the charity qualifies as a small charity. ## **Incoming resources** All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. ## **Tithes & Offerings** Income from tithes and offerings, is included in incoming resources when these are receivable Investment Income Investment income consists of net interest received during the year and accounted for as unrestricted fund ## **Resources expended** Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Charitable activities Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs. ## **Governance costs** Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 20% on reducing balance Motor vehicles - 20% on reducing balance ## **Taxation** The charity is exempt from corporation tax on its charitable activities. ## **Fund Accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 8 ## **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER NOTES TO THE ACCOUNTS YEAR END 31DECEMBER 2023** ## **2. VOLULTARY INCOME** ||||| |---|---|---|---| |**2. VOLULTARY INCOME**
Tithe , offering and other income
Total incoming resources
**3. CHARITABLE ACTIVITIES**
Gifts & donations
Ministry expense
Hospitality
Music
Honorarium
Wages
Welfare
Mission
**4. SUPPORT COSTS: MANAGEMENT**
Premises, Rent and Rates
Travel & Subsistence
Office & Administrative
Repairs and maintenance
**5. GOVERNANCE COST**
Accountancy|**2023**
29,744
**£29,744**|**2023**
29,744|**2023**| |||**2023**
2,069
2,809
1,353
850
1,807
12,550
1,184
979
**23,601**|**2023**| |||**2023**
3,353
242
540
1,190
**£5,325**|**2023**| ||||3,353
242
540
1,190| ||||**2023**| ||||180
**£180**| 9 ## **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER NOTES TO THE ACCOUNTS - CONTINUED YEAR END 31DECEMBER 2023** ## **7. STAFF COSTS** There were no trustees' expenses paid for the year ended 31December 2023 for the prior year The costs of the remaining staff were: ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31December 2023 |**8. FIXED ASSETS**|**Plant and**||| |---|---|---|---| ||**machinery**|**Motor vehicle**|**Total**| |**COST**|||| |At 1st January 2023|19,840|0|19,840| |**DEPRECIATION**|||| |Opening Balance|19,840|0|19,840| |Charge for the year|3,968|0|3,968| |**NET BOOK VALUE**|||| |As at 31 December 2023|**£15,872**|**£0**|**£15,872**| |**9. CREDITORS : Amounts falling due after one year**||**2023**|| |Other Creditors||**-**|| 10 ## **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER NOTES TO THE ACCOUNTS YEAR END 31DECEMBER 2023** |**10. MOVEMENTS IN FUNDS**
**Unrestricted Funds**
General Fund
General fund for the year
Prior year adjustment
General fund brought forward
**Total funds**|**Incoming**
**Resources**
**£29,744**|**Resources**
**Expended**
**£29,106**
**2023**
**£638**
**£2**
**£640**|**Movement in Funds**| |---|---|---|---| ||||**£638**| **11** **REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER INCOME AND EXPENDITURE YEAR END 31 DECEMBER 2023** |**Incoming Resources:**
**Voluntary income:**
Tithes & offerings
Gift aid
Other income
Interest
Total incoming resources
**RESOURCES EXPENDED:**
**Cost of generating voluntary income**
**Charitable activities:**
Gifts & donations
Ministry expense
Hospitality
Music
Honorarium
Wages
Welfare
Mission
**GOVERNANCE COST**
Accountancy
**SUPPORT COSTS: MANAGEMENT**
Premises, Rent and Rates
Travel & Subsistence
Office & Administrative
Repairs and maintenance
**Total resources expended**
**Net Surplus**|**2023**
**£**
29,022
0
722
0
**£29,744**|**2023**
**£**
29,022
0
722
0
**£29,744**|**2023**| |---|---|---|---| ||**2023**
2,069
2,809
1,353
850
1,807
12,550
1,184
979
**£23,601**||**2023**| ||180
**£180**
**2023**
3,353
242
540
1,190
**£5,325**
**£29,106**|180
**£180**
**2023**
3,353
242
540
1,190
**£5,325**|180
**£180**| ||||**2023**| ||||3,353
242
540
1,190| ||||**£638**|