THE REDEEMED CHRISTIAN CHURCH OF GOD
RIVERS OF WATER
Charity reg. fbo.. 1155097
TRUSTEES REPORT AND FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

THE REDEEMED CHRIsfiAN CHURCH OF GOD
RIVERS OF WATER
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
CONTENTS
PAGE
Reference and admlnlstrative detalls
Trus￿eS report
Independent Examiner's report
Statement of Income & Expenditu
Balance sheet
Notes to the accounts
10- 12
Page I

THE REDEEMED CHRisfIAN CHURCH OF GOD
RIVERS OF WATER
REFERENCE AND ADMINISTRATIVE D￿AlLs OF THE CHARrr￿, ITS TRusfEES AND
ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023
Trustees
Mr Lucky Albert
Mrs Oluranti Akinniran
Mr Sehlnde Orola
Charity registered
number
1155097
Principal Office
20 Tolworth Road
Surblton
Surrey
KT6 7SZ
Parish Pastor
Pastor Jacklord Jacobs
Independent Examiner
Aklntayo Ojo FCCA
Resource Management Consultants Ltd
46 Hollywood Way
Erith
DA8 2QE
Bankars
Santander
Customer Servlce Centre
Bootle
Mercyside
L30 4GB
Bankers
Lloyds Bank
25 Gresham Street
London
EC2V 7HN
Page 2

THE REDEEMED CHRISTIAN CHURCH OF GOD
RIVERS OF WATER
TRUSTEES, REPORT
FOR YEAR ENDED 31 DECEMBER 2023
The trustees submlt thelr report and flnanclal statement for The Redeemed Chrlstlan Church of
God - Rlvers of Water (The Charlty) for the period ended 31 December 2023. The trustees conflrm
that the trustees, report and flnancial statements of the charlty comply with cUr￿nt statutory
quirements of the charity's governlng document and the provlslons of Charltles Act 2011.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Redeemed Christian Church of God - Rivers of Water a reglstered charity. It is ￿gIStered wlth
the Charity Commlssion as a charity in England and Wales and the reglstratlon number Is 1155097.
APPOINTMENT OR ELECTION OF TRUSTEES
Trustees are appointed and or co-opted under the terms of the trust deed.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES
The inductlon process for a newly appolnted trustees comprises of an initial meeting wlth the
the chalr and other trustees, followed by short meetings wlth the parish pastor on the powers
and responsibilities of the trustees.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The charity is organlsed so that the trustees meet regu larly to manage Its affairs. The parish
pastor manages the day to day admlnlstratlon of the church.
RELATED PARTY TRANSACTION
RCCG Rivers of Water is a parlsh of The Redeemed Christian Church of God which has
parishes all over the world. The parlsh's relationship with other parishes is governed by an
Agreement for Common purposes,.
RISK MANAGEMENT
The trustees have assessed the major risks to which the charlty Is exposed, In particu lar those
related to operatlons and finances of the charity, and are satisfied that systems are in place to
mltlgate our expOsu￿S to major rlsks.
OBJEcfIvES AND ACTIVITIES
The principal object is the advancement of Chrlstlan falth In accordance with the statement of
bellefs of The Redeemed Christian Church of God, and the rellef of poverty. To achieve its
objettives, the church adopted the following strategles:
Rufining Sunday worshlp servlces and mldweek blble study,
Supporting other charlties and Chrlstlan events,
Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD
RIVERS OF WATER
TRUSTEES, REPORT
FOR YEAR ENDED 31 DECEMBER 2023
PUBLIC BENEFITS
The Chu rch's Sunday and mld-week servlces are open to the general public to bulld on thelr
Chrlstlan faith. Apart from Its Church actlvltles, the charlty was Involved in the followlng
public beneflt efforts.,
Hosting food banks for the less privileged In our communlty and glving out food stuffs in the
local market monthly.
During the year, the charlty held summer outlngs that Involved taklng community members to
Bournemouth.
The charity held children and youth outing for the benefit of young people the community.
Du ring the year, in con]"unctlon with sister chu rches, we held a community event tagged new
wlne. A nlght of praise was held in the communlty. These events provided community members
opportunity to come together for community coheslon.
The charlty held a women's conference with the theme "Arise and Shine. The conference
was focussed on how women can maximise their potentials in community and in life while
seNlng God.
The charity held a Christmas Pralse Nlght. A carol servlce and Chrlstmas celebratlon for the
benefits of members of the the community. It was a time to come together to celebrate the
birth of Christ and fellowshlp wlth others.
Our efforts are gea￿d towards supportlng the programmes of our local communityi promoting
cohesion in our communlty, and impacting the lives of the young people and the elderly.
GRANT MAKING POLICY
The chu rch supports visiting ministers of the gospel both within and outside the United klngdom.
Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and
other RCCG programmes. The Church supports other charities and missionary that shares its
objects in the advancement of Christian faith and relief of poverty. The church glves occaslonal
welfare grants to congregational members who are in need.
VOLUNTEERS
The chu rch is grateful for the unstintlng efforts of Its volunteers who a￿ Involved In providing
services for the charlty. It Is estlmated that over 1200 hou rs are provided by volunteers during
the year. If thls Is conservatlvely valued at £8.20 per hou r, the volunteers effort will amount to
over £9,840.
REVIEW OF ACTIVITIES
The church continues to enjoy t￿mendouS growth in its physical and spiritual life during the
year, and in the advancement of Christian falth in accordance wlth the doctrlnes set out In the
Statement of frdith contained in our constitution.
Page 4

THE REDEEMED CHRIsfIAN CHURCH OF GOD
RIVERS OF WATER
TRUSTEES, REPORT
FOR YEAR ENDED 31 DECEMBER 2023
RESERVES POLICY
The trustees, policy is to have unrestricted and uncommitted fvnds (free reserves) to cover
3 to 6 months of resources expended. They feel that thls would enable the current activities to
continue if there is any significant d rop in funding. It would obviously be necessary then to
consider how the funding would be replaced or attlvltles changed. The p￿sent free reserve Is
below the policy range but the trustees are continuing to seek additional ￿ndS for the reserves.
PRINCIPAL FUNDING
Funding has been provided malnly through tithes and offerlngs by church members and
through donations. Pledges are also taken for speclflc projects.
FUTURE DEVELOPMENTS
The charlty contlnues to explore various ways of spreading the gospel of Christ in an effettive
manner. The charity Is also looklng to grow In membership and contlnue to develop its members
to make Ilfe-changing impact in the commu nity.
Page 5

THE REDEEMED CHRzsfIAN CHURCH OF GOD
RIVERS OF WATER
TRUSTEES, REPORT
FOR YEAR ENDED 31 DECEMBER 2023
STATEME￿ OF TRusfEES' RESPONSfBILtrIES
The Trustees are responsiEle for prepartng the annual report and flnanaal statements in accor-
dance wlth applicable laws and regulatK)ns.
Charity law requires the trustees to prepare financial Statements for eech flnandal year.
Under that law, the trustees have elerted to prepare the finandal ststements in acetréance
with the United Kingdom Generally Acceptable ACCOUn￿ng pract1￿ (United Kingdom Accountlng
standards and applicable law). The finandal statements are required to glve a true and falr vlew
of the state of affalrs of the charity and of the surplus or deficfjt of the chartty for that pertod.
In prepartng the financlal statements, the trustees are required to:
Selert sultable accounung poliaes and the apply them consistentlyi
Make Judgement and estlmates that are reasonable and pNdent'
Prepare the financlal statements on the going concern basis unless It is Inapprcprlate to
presLFme that the cornpany wlll continue In operdtion.
The trustee5 recognise their ￿ponsIbIlItIeS to keep pn)per accountlng records that dlsclose wlth
reasonable accurncy at any tlme the financlal position of the charity and enable them to ensure
that the financial statements comply with the Charities Act 2011. They are also responslble for
safeguarding the assets of the company and hen￿ taking steps for the prevention and detection
of fraud and other irregularities.
The appended financial statements have been prepared on the accruals basis and have been
examined by an independent examiner, byho5e rewrt is also appended.
Approved by the truste￿ on 18-1 D-
2024 and slgn&J on thelr behalf by:
Mr Lucky Albert
Trustee
Page 6

THE REDEEMED CHRIsfiAN CHURCH OF GOD
RIVERS OF WATER
INDEPENDENT EXAMINERS REPORT
FOR YEAR ENDED 31 DECEMBER 2023
TO THE TRUSTEES OF THE REDEEMED CHRIsfIAN CHURCH OF GOD RIVERS OF WATER
I report on the accounts of the charity for the perlod ended 31 December 2023 whlch Is set on
pages 8- 12
RESPEcfIvE RESPONSIBILMES OF THE TRUSTEES AND THE EXAMINER
The charity trustees a￿ responsible for the preparation of the accounts. The Charity's
trustees consider than an audlt Is not requlred for the perlod under sectlon 142(2) of the
Charitles Act 2011 and that an Independent examinatlon Is needed.
It Is my responslblllty to:
examlne the accounts under section145 of Charltles Act 2011;
follow the procedures laid down In the general Dlrections given by the Charity
Commlssloners (u nder section 145(5) (b) of the 2011 Act. and
state whether partlcular matters have come to my attentlon.
BASIS OF MY EXAMINATION
My examlnatlon was carrled out In accordance with the General Directlons glven by the
Charlty Commission. An examlnatlon Includes a revlew of the accounting records kept by
the charity and a comparison of the accounts presented with those ￿cOrdS. It also
Includes conslderatlon of any unusual items or disclosures in the account, and seeking
explanations from you as trustees concernlng any such matters. The procedures undertaken
do not provide all the evldence that wou Id be requ Ired in an audit, and consequently no
oplnlon is glven as to whether the accou nts present a "true and fair" view and the report
Is Ilmlted to those matters set out in the statements below.
EXAMINER'S STATEMENT
In connection wlth my examination, no matter has come to my attention..
(l) whlch glves me reasonable cause to belleve that In any materlal respect the trustees
have not met the requlrements to ensure that.,
proper accou ntlng ￿cordS a￿ not kept in accordance with the Charitles Att; and
accounts are prepared which agree with the accou nting record5 and comply wlth the
accounting requlrements of the Charltles Act 2011,. or
(2) to whlch, In my oplnlon, attentlon should be drawn In order to enable a proper under-
standlng of the accounts to be reached.
Aklntayo
Jo FCCA
.13 Dctokw 2024
46 Hollywood Way, Erlth. DA8 2QE
Page 7

THE ReDEEMED CHRIsfiAN CHURCH OF GOD
RIVERS OF WATER
STATEMENT OF FINANCIAL ACTivrtIES
FOR YEAR ENDED 31 DECEMBER 2023
Unrestrfcted ￿rIcted
Total
Total
Funds
Furtds
Funds
Funds
Notes
2023
2023
2023
2022
Incoming resources
Donations & incoming resources
Interest Received
Grants received
Total incoming resources
41,652
200
41,852
29,842
41,652
200
41,852
29,842
R¢$ources expended
Grants payable - indlvlduals
Grants payable - institutlonal
Cost of activities in ￿ rtherance of charity's objects
Management and governan￿ cost
Total resources expended
800
2,653
26,707
965
31,124
704
29,584
700
30,988
704
29,584
700
30,988
Net(outgolng)/lncomlng resources for the year
10,664
200
10,864
1,282
Total funds at the start of the year
30,594
2,410
33,004
34,286
Balance at the end of the year
41,258
2,610
43,868
33,004
Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD
RIVERS OF WATER
BALANCE SHEEr
AS AT 31 DE￿MBER 2023
7ot*J
T¢t•l
Fund¥
Fund*
2022
Notes
2023
Flxed Assets
Tangible flxed assets
15
Current aswts
Cash at bank and In hand
Debtors
37.346
7,500
44,846
800
31.784
Less: Curreth Uabilities:
Credltors: Amount falllng due wlthln
One year
Net assets
978
43,868
844
33,004
Financed BY: Charlty funds
General - restricted
General - unrestrfcted
2,610
41.258
43,868
2,410
30,594
33,004
The accounts have b*n prepared In accordance wlth the 5peaal provlsK)n of Staternent of Recommend8J Practke..
AccoLmUng and Reporvng by Chorityes (SORPI Issued Marth 2005 as rn¢yJifEd for smaller th6ritie5
Approved by the Trustees on
18-10-U34
2024 and slgned on thelr tehalf by:
Mr L￿kY Albert
Page 9

THE REDEEMED CHRIsfIAN CHURCH OF GOD
RIVERS OF WATER
NOTES TO THE ACCOUNTS
FOR YEAR ENDED 31 DECEMBER 2023
I. ACCOUNTING POLICIES
(l. l) Basis of preparation of financial statements
These accounts have been prepared under the hlstorical cost conventlon and In accordance
with the Flnancial Reporting Standard for Smaller Entitles (effectlve April 2008) .The financial
statements have been prepared with Statement of Recommended Practlce (SORP), "Accounting
and Reporting by Charities pu blished in l January 2019 and applicable accountlng standards.
{1.2) Incoming resources
All incoming resour￿5 are Included in the statement of flnancial actlvities when the charity is
legally entitled to the income and the amount can be reasonably quantlfled wlth reasonable
accuracy.
(1.3) Resources expended
All expenditures are accounted for on an accrual basls. Management and governan￿ costs
are cost incurred in connectlon wlth admlnlstration and compliance with statutory requlrement
Unrestricted
ReStr￿￿e(l
Total
Total
Funds
Funds
Funds
Funds
2023
2023
2023
2022
2. DONATtONS, LEGAUES AND SIMILAR INCOMING RESOUR
Collection and other donatlons
Interest received
41,652
200
41,852
29,842
41,652
200
41,852
29,842
3. Grants Recelved
HMRC National Insurance Relief
3. Grants payable - Indlvldual
Individual welfare
800
4. Grants payable - Instltutlonal
Charitable giving -UK
Charitable giving -overseas
Total
704
704
2,653
704
704
2,653
Llst of Charltable glving UK
RCCG WEM
World Evangelism
RCCG Central Office
COF Support
Compassion
Charlty Support
Total grant payable - institutional
1,561
420
672
704
704
704
704
2,653
Page 10

THE REDEEMED CHRIsfIAN CHURCH OF GOD
RIVERS OF WATER
NOTES TO THE ACCOUNTS
FOR YEAR ENDED 31 DECEMBER 2023
Year endecl
Year ended
unrestric￿ Restricted
Total
Total
Funds
Funds
Funds
Funts
2023
2023
2023
2022
S. COST OF AcfIviTIES IN FURTHERANCE OF CHAR
Worship cost
Staff cost
Hall hlre, rent & rates
Prlntlng & stationery
Vislting minister's expenses & Community pr
Music & liturgy
Mlssion & evangellsm
Vehlcle running
Offlce & telephone expenses
Welfare & hospltality
Depreclatlon
Other misslon costs & church group
Travel & subslstence
IT Consumables
Building Repairs
221
11,444
4.500
221
11,444
4,500
402
11,444
2,700
570
1,150
303
1,442
3,500
208
1,181
1,939
713
379
1,450
745
4,565
754
256
1,725
2,064
713
53
1,450
745
4,565
754
256
1,725
2,064
713
53
694
400
29,584
694
400
29,584
376
400
26,707
6. MANAGEMENT AND GOVERNANCE COSTS
Year ended
31-Dec
2023
Year ended
31-Dec
Unrestricted Restricted
Funds
Funds
2022
Professional fees
315
Examlner's fees - accountancy
700
700
700
700
650
965
Year ended
Year ended
31-Dec
2023
31-Dec
2022
7. CASH BALANCES
Cash & bank
37,346
37,346
30,984
30,984
Page 11

THE REDEEMED CHRisfIAN CHURCH OF GOD
RIVERS OF WATER
NOTES TO THE ACCOUNTS
FOR YEAR ENDED 31 DECEMBER 2023
8. DEBTORS
Year ended
31-Dec
2023
Year ended
31-Dec
2022
Other debtors
7,500
7,500
800
800
9. CREDITORS
Year ended
Year ended
31-Dec
2022
31-Dec
2023
World Evangellsm Misslon
Nest Pensions - Accrued penslons
Accrued accountancy fees
278
700
978
194
650
844
10. RELATED PARTY TRANSACTIONS
Du ring the year, the church pald Institutlonal grants to other RCCG organisatlons such as the
World Evangelism Mlsslon as stated in note 4.
11. NET INCOMING RESOURCESI(RESOURCES EXPENDED)
Year ended
Year ended
31-Dec
2022
This Is stated after charglng
31-Dec
2023
Accountant's fees
700
650
12. TRUSTEES RENUMERATION
Year ended
Year ended
31-Dec
2023
31-Dec
2022
During the year, no trustee received any remuneration
Durlng the year, no trustee ￿CeIved any benefits in klnd
NIL
NIL
NIL
NIL
Page 12

THE REDEEMED CHRISTIAN CHURCH OF GOD
RIVERS OF WATER
NOTES TO THE ACCOUNTS
FOR YEAR ENDED 31 DECEMBER 2023
13. STAFF COST
Staff costs were as follows
Year ended Year ended
31-Dec
31-Dec
2023
2022
Wages and salaries
Soclal security costs
Employers Pensions
11,000
300
11,000
300
144
11,444
144
11,444
Year ended Year ended
The average number of employee during the year was as follows
31-Dec
2023
No
31-Dec
2022
No
Pastoral
14. Fixed Assets
31-Dec
2023
Cost
At l January 2023
Additions
At 31 December 2023
Depreciation
Accumulated depreciation l January 2023
Charge for the year
At 31 December 2023
10,000
10,000
7,936
2,064
10,000
Net book value
At 31 December 2023
At 31 December 2022
2,064
Page 13