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Mr Yomi Awosola
100 River View
Grays
Essex
RM16 4BA
The Redeemed Christian Church OF God, Jesus People
13 August 2024
Dear Mr Yomi Awosola,
Accounts for Period ended 31/12/2023
Please find attached final accounts for The Redeemed Christian Church OF God, Jesus People Parish
(north Woolwich) for the period ended 31/12/2023 [including filleted/abbreviated accounts if
appropriate].
Please review the attached carefully and if you are happy that the accounts can be approved please
print out a set of each of the attached documents, obtain appropriate signatures at the foot of each
Balance Sheet [and Directors Report, if relevant] and return the signed documents to this office.
Please do not hesitate to contact us if you have any queries.
Yours sincerely,
LUKMON OGUNBADEJO
Two Ace Accountants - A Division of Two Ace Investment Limited
11 Anglia Way9 South Ockendon, Essex, RM15 5FN, United Kingdom
Phone: 01708921404, 07984861868
Email: info@twoaceaccountants.com
Web: }v￿V.twoaCe2cc0UnÉa￿tS.cOM
Company Registration No. 8417299

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Charity No. 1154692
Company No. 08771996
Trustees, Report and Unaudited Accounts
31 December 2023

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Contents
Pages
Trustees, Annual Report
Independent Examiner's Report
Statement of Financial Activities
Summary Income and Expenditure Account
Balance Sheet
Statement of Cash flows
Notes to the Accounts
Detailed Statement of Financial Activities
8toll
Page I

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Trustees Annual Report
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006,
present their report with the unaudited financial statements of the charity for the year ended 31
December 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 08771996
Charity No. 1154692
Principal Office
100 River View
Grays
Essex
RM16 4BA
Registered Office
100 River View
Grays
Essex
RM16 4BA
Directors and Trustees
The Directors of the charitable company are its Trustees for the purposes of charity law.
The following Directors and Trustees served during the year:
Adenike Akinlotan
Yomi Awosola
Trustee for the charity in holding title to charity property
Olanrewaju Olukayode
Tajudeen Salami
Nelson Olusegun Okesola
Adenike Mojirade Oyinade
Akinlotan
Florence Taiwo Jawo
Accountants
TWO ACE INVESTMENT LIMITED
11 ANGLIA WAY
SOUTH OCKENDON
RM15 5FN
The Trustees are responsible for keeping proper accounting records that 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 Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 2

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Trustees Annual Report
The above report has been prepared in accordance with the provisions applicable to companies subject to
the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the
Charities SORP (FRS 102).
Signed on behalf of the board
Yomi Awosola
Minister In Charge
07 August 2024
Page 3

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Independent Examiners Report
Independent Examiner's Report to the trustees of The Redeemed Christian Church OF God, Jesus People
Parish (north Woolwich)
I report to the charity trustees on my examination of the financial statements of The Redeemed Christian
Church OF God, Jesus People Parish (north Woolwich) for the year ended 31 December 2023 which comprise
the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the
Statement of Cash Flows and the related notes.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for
the preparation of the financial statements in accordance with the requirements of the Companies Act 2006
('the 2006 Act.
Having satisfied myself that the financial statements of the charity are not required to be audited under Part
16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of
your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act,).
In carrying out my examination I have followed the Directions given by the Charity Commission under section
145(5)(b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that:
accounting records were not kept in accordance with section 386 of the 2006 Act ' or
the financial statements do not accord with those records. or
the financial statements do not comply with the accounting requirements under section 396 of the 2006
Act other than any requirement that the financial statements give a 'true and fair, view which is not a
matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the Charities SORP (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
statements to be reached.
Lukmon Bola Ogunbadejo
Institute of Financial Accountants - FCA/AFA
TWO ACE INVESTMENT LIMITED
11 ANGLIA WAY
SOUTH OCKENDON
RM15 5FN
07 August 2024
Page 4

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Statement of Financial Activities
for the year ended 31 December 2023
Unrestricted
funds Total funds Total funds
2023
2023
2022
Notes
Income and endowments
from:
Donations and legacies
62,451
62,451
68,598
Total
62,451
62,451
68,598
Expenditure on:
Charitable activities
Other
26,100
44,318
26,100
44,318
22,499
36,104
Total
70,418
70,418
58,603
Net gains on investments
Net (expenditure)/income
Transfers between funds
(7,967)
(7,967)
9,995
Net (expenditure)/income
before other gains/(losses)
(7,967)
(7,967)
9,995
Other gains and losses
Net movement in funds
(7,967)
(7,967)
9,995
Reconciliation of funds:
Total funds brought forward
102,880
102,880
92,885
Total funds carried forward
94,913
94,913
102,880
Page 5

The Redeemed Christian Church OF God. Jesus People Parish (north Woolwich)
Summary Income and Expenditure Account
for the year ended 31 December 2023
2023
2022
Income
62,451
68,598
Gross income for the year
Expenditure
62,451
68,598
69,722
57,660
Depreciation and charges for
impairment of fixed assets
696
943
Total expenditure for the year
Net (expenditure)/income for the year
70,418
58,603
(7,967)
9,995
Net (expenditure )/income for the year
(7,967)
9,995
Page 6

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Balance Sheet
at 31 December 2023
Company No. 08771996
Notes
2023
2022
Fixed assets
Tangible assets
2,087
2,087
2,783
2,783
Current assets
Cash at bank and in hand
92,826
92,826
92,826
100,097
100,097
100,097
Net current assets
Total assets less current liabilities
94,913
102,880
Net assets excluding pension asset or liability
94,913
102,880
Total net assets
94,913
102,880
The funds of the charity
Restricted funds
Unrestricted funds
General funds
Designated funds
10
10
102,880
{7,967)
94,913
102,880
102,880
Reserves
10
Total funds
94,913
102,880
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small companies.
For the year ended 31 December 2023 the company was entitled to exemption under section 477 of the
Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 07 August 2024
And signed on its behalf by:
Yomi Awosola
Minister In Charge
07 August 2024
Page 7

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Statement of Cash flows
for the year ended 31 December 2023
2023
2022
Cash flows from operating artivities
Net (expenditure)/income per Statement of Financial Activities
(7,967)
9,995
Adjustments for:
Depreciation of property, plant and equipment
696
943
Net cash (used in)/provided by operating activities
(7,271)
10,938
Net cash from investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
(7,271)
10,938
Cash and cash equivalents at the beginning of the year
100,097
89,159
Cash and cash equivalents at the end of the year
92,826
100,097
Components of cash and cash equivalents
Cash and bank balances
92,826
100,097
92,826
100,097
Page 8

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Notes to the Accounts
for the year ended 31 December 2023
l Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities:
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with
the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective I
January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since
last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees for particular purposes.
These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
These are available for use subject to restrictions imposed by the donor or through
terms of an appeal.
Designated funds
Revaluation funds
Restricted funds
Income
Recognition of
income
Income is included in the Statement of Financial Activities (SOFA) when the charity
becomes entitled to, and virtually certain to receive, the income and the amount of
the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure
reported gross in the SOFA.
Donations and
legacies
Voluntary income received by way of grants, donations and gifts is included in the
the SOFA when receivable and only when the Charity has unconditional
entitlement to the income.
Tax reclaims on
Income from tax reclaims is included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income (with an equivalent amount in expenditure)
and facilities
where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not included in the accounts.
Investment income This is included in the accounts when receivable.
Gains/(losses) on
This includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gains/(losses) on
investment assets
This includes any gain or loss on the sale of investments.
Page 9

Prepayments are valued at the amount prepaid net of any tra
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investments with original maturities of three months or less and bank overdrafts.
In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are
repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably result in the
transfer of funds to a third party and the amount due to settle the obligation can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowing for any trade discounts due.
Iscounts
ue.
Page 10

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of
ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified
as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the
inception of the lease or, if lower, at the present value of the minimum lease payments. The
corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are
recognised immediately, unless they are directly attributable to qualifying assets, in which case they are
capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term.
In the event that lease incentives are received to enter into operating leases, such incentives are
recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributions into a separate entity. Once the
contributions have been paid the company has no further payments obligations. The contributions are
recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and
expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 11

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Notes to the Accounts
3 Statement of Financial Activities ~ prior year
Unrestricted
funds Total funds
2022
2022
Income and endowments from:
Donations and legacies
68,598
68,598
Tota I
68,598
68,598
Expenditure on:
Charitable activities
22,499
22,499
36,104
Other
36,104
Total
58,603
58,603
Net income
9,995
9,995
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
9,995
9,995
9,995
9,995
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
92,885
92,885
102,880
102,880
4 Income from donations and legacies
Unrestricted
Total
Total
2023
2022
Tithe and Offering
62,451
62,451
62,451
62,451
68,598
68,598
5 Expenditure on charitable activities
Unrestricted
Total
Total
2023
2022
Expenditure on charitable
activities
RCCG WEM World
Evangelism
RCCG Central Office and
Festival of Life Mission
2,200
2,200
3,551
1,582
1,582
9,702
Support
Other Mission Support
Governance costs
22,318
22,318
9,246
26,100
26,100
22,499
Page 12

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Notes to the Accounts
6 Other expenditure
Unrestricted
Total
Total
2023
2022
Employee costs
Motor and travel costs
7,986
1,363
13,331
7,986
1,363
13,331
1,080
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
14,110
696
696
943
19,692
1,250
44,318
19,692
1,250
44,318
19,221
750
Legal and professional costs
36,104
7 Net (expenditure)/income before transfers
2023
2022
This is stated after charging:
Depreciation of owned fixed assets
8 Staff costs
No employee received emoluments in excess of £60,000.
696
943
9 Tangible fixed assets
Cost or revaluation
At l January 2023
At 31 December 2023
Depreciation and
impairment
At l January 2023
Depreciation charge for the
year
At 31 December 2023
17,689
17,689
17,689
17,689
14,906
14,906
696
696
15,602
15,602
Net book values
At 31 December 2023
At 31 December 2022
2,087
2,783
2,087
2,783
Page 13

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Notes to the Accounts
10 Movement in funds
Incoming
resources
At31
(including
other
At l January gains/losses
2023
Resources
December
2023
expended
Restricted funds:
Unrestricted funds:
General funds
102,880
102,880
Designated funds:
Donations and Incoming
Resources
62,451
(70,418)
(70,418)
(7,967)
Total
62,451
(7,967)
Total funds
102,880
62,451
(70,418)
94,913
Purposes and restrictions in relation to the funds:
Designated funds:
Donations and Incoming
Resources
To be used for Charitable Activities
11 Analysis of net assets between funds
Unrestricted
funds
Total
Fixed assets
2,087
92,826
94,913
2,087
92,826
94,913
Net current assets
12 Reconciliation of net debt
At31
At l January
2023
December
2023
Cash flows
Cash and cash equivalents
100,097
100,097
(7,271)
(7,271)
92,826
92,826
Net debt
100,097
(7,271)
92,826
13 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 14

The Redeemed Christian Church OF God, Jesus People Parish (north Woolwich)
Detailed Statement of Financial Activities
for the year ended 31 December 2023
Unrestricted
funds
2023
Total funds
Total funds
2023
2022
Income and endowments from:
Donations and legacies
Tithe and Offering
62,451
62,451
62,451
62,451
68,598
68,598
Total income and endowments
62,451
62,451
68,598
Expenditure on:
Charitable activities
RCCG WEM World Evangelism
RCCG Central Office and Festival of
Life Mission Support
Other Mission Support
2,200
2,200
3,551
1,582
1,582
9,702
22,318
26,100
22,318
26,100
9,246
22,499
Total of expenditure on charitable
activities
26,100
26,100
22,499
Employee costs
Staff training
Welfare
2,693
5,293
7,986
2,693
5,293
7,986
1,080
1,080
Motor and travel costs
Vehicles - Leasing and hire costs
1,363
1,363
1,363
1,363
Premises costs
Rent
13,331
13,331
13,331
13,331
14,110
14,110
General administrative costs,
including depreciation and
amortisation
Depreciation of
Equipment repairs and
maintenance
696
696
943
16,430
16,430
11,406
Mission and Evangelism
Sundry expenses
Telephone, fax and broadband
1,106
87
1,106
87
5,934
1,881
20,164
2,069
20,388
2,069
20,388
Legal and professional costs
Accountancy and bookkeeping
1,250
1,250
1,250
1,250
750
750
Total of expenditure of other costs
Total expenditure
44,318
44,318
36,104
70,418
70,418
58,603
Page 15

The Redeemed Christian Church OF God. Jesus People Parish (north Woolwich)
Detailed Statement of Financial Activities
Net gains on investments
Net (expenditure)/income
(7,967)
(7,967)
9,995
Net (expenditure)/income before
other gains/(losses)
Other Gains
(7,967)
(7,967)
9,995
Net movement in funds
(7,967)
(7,967)
9,995
Reconciliation of funds:
Total funds brought forward
102,880
102,880
92,885
Total funds carried forward
94,913
94,913
102,880
Page 16