THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE ANNUAL ACCOUNTS For the year ended 31 December 2023 CHARITY NO 1157177 KAYAI&CO LTD Chartered Accountants 34 Padbury Way Bolton Manchester BL2 SDQ cs Camscanner
THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE AI)MINISTIIATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENOED 31 DECEMBER 2023 PasiN E A Adeiw8 Truslees Mr KOlat4? Abay1 Oyedele Dr AexaThJer Ade¢yo Oluwasakin Mrs Adebl4 ony11 Mr Akni(Iwnl Kaz Na(1 Minister In Clrge Pastor Ad9ynfj ayI C*arity re9#ratit no 1157177 ipaI Office 2 Lfmd Morris Drive Manchester M23 (x lrbJeFwl Exafflin Kayode Idry KAYAJ&CO LTD Charter&J A¢¢owbtsnts 34 PadbJry Way Bc41on BL2 5t)0 Banker Naticfial Wastminster Bank Pag• 1 cs Camscanner
THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE TRUSTEES. REPORT FOR THE REAR ENOED 31 DECEMBER 2023 Trustees present their 8nnu81 repjl loJothor llh th8 finond818talomwls (rf Ihe Rèdeem Chrislian Cfttjrch of Gcxl. Cthrist Life Ilhe ¢hawity} the year ended 31 December 2023. Tho Truste8S c(mfirm that the annual reFtKt and fin81Ki81 statemonl ol Ihe th8rity comply ith the ¢ufrgnl stalutory ru•reMent. Ihè requirement ol the charity's gM)veming dc¢ument and Ihe wovisions ol Ihe Slalemenl of tho Racommend8d Pfaclicg ISORPI "Accwnhng and Repxjtr'ng by Charities. preparirtg lhr ac£ounls In accordance wlth th8 Financ•al Repxbr Standard applbcablo in the UK and Republic of Ireland {FRS 102) issued 16 July 2014. STRUCTURE. GOVERNANCE AND MANAGEMENT CONSTITUTION The Church is c(StlUted Ur a Tntst Deed dated 17 2014 B. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES mangemenl of the Carity is the responsbility of the Trustess apPnI¢d and C4F0p the Tn do1. C. POUCIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES The Inducti( for any neAy appcmnled member of the Trustees Comprises an initial meeb.ng 1th the Chairman and othw Trustees. follchyes by a wies of short meeb.ngs ith the Minisier in Charge the pw arMI rew19bilities of the Truths. D. ORGANISATIONAL STRucfuRE ANO DECISION MAKING The Church is orgarwsed so thal the trusiees meet regurtary to Mana its affairs. The daY-toY administratir of the Churth is rn8d ty the panth Pasl(K vdunle E. RELATED PAR RELATIONSHIPS Chrisl for knfe parith is a membw of the Redeemed Chrisban ch of God IRCCG) ththich has all over tl )r1d. The parith's (dati{shiP ith RCCG and other parithes is govemed by an "Agreement Common Purpc6es'. F. RISK MANAGEMENT The Trustees have assessed the major risks lo ¥thich the charity is exposed. in particular those related to th& cperati(ffls and finarKes of the charity. and are satisfied thal systems antj procedures are in place lo miti9ale tyjr expre to the Malc risks. G. GRANT IAAKING POUCY The Churth supwyts visting minislefs of the Sp both *ithin and outsde the Unilgj KingJom. SupF¥M is a19) s¥ven to RCCG C8nir81 Office. Wortd Evangelisn Mission (WEMI Feslival of Life and olher RCCG prcgrammes The Church Fjjppts other charities and miswonary that shales ils thiecls in advancement of Christian failh aThJ rdief d poverty. The crtb gives occ8&(81 grants lo ngregalI0nal Mnts5 vkno are In nwj. Page 2 cs Camscanner
RUSTEES. REPORT FOR THE REAR ENDED 31 DECEMBER 2023 OBJECTIVES ANO ACTIVITIES POLICIES AND OBJECTNES The thje¢b"ves ol the chuTth are.. The anCeml ol Ihe c"1#n lailh rrftdide The rdiel of povwty. Each year rm trustee5 review cOjeelive5 and aclviities lo enswg Ihoy ¢tInu8 lo rafiocl tyjr èlms. In Catyng syjt this wiew the Injsiees have cffi5idered the Charity commis.5 98neral guaIdaa on publlc benrfil In parb"cular its wprlwmentary pl)lIC guidance on the advancement ol religion lor the publi¢ benefit. 8.STRATEGIES FOR ACHIEVING OBJECTIVES The has adopted ihe fdlcemng sirategies xhièving the atThie obieclrv85'. . Organisation of wninars aThJ events to ad(kess issues of relevance lo Ihe Tdief of povuty and prcvigcfj of care aTrJ WPFA)rt lor the neety 8$ apwopriate. * Fl8nb"ng of thurches and • Supwrt ffx Other charities and evenls %%ith similar rt4Klive • Sc¢ial a¢11 inibalives in the ccrfnmunity C. ACTIVITIES FOR ACHIEVING OBJECTIVES The main activib'es of the ¢hur¢h are as follo . Sunday swice . Sunday for all ages of children • WeeY night BitAe Studies and hse fellrythip al variws centres D. VOLUNTEER MANAGEMENT The Church is yaleful for the undinling efforts of its vdLmlews are invdved in seNice provison. w2rk arKJ administralion. E. INVESTMENT POLICY AND PERFORMANCE The trustees have kn¢Jed that al prewl. fund thould be retained in bank. Any thange in such banking arranwen15 shrJJhl agreed by Ihe board. As far as possible. funds %%ill be retain&J in interest bearing F. VLILNERABLE BENEFICIARIES The Chjrth ith vulnerable grlxps induding thildren and makè gJr6 usws are and prolKled frNn ham7. Vc4unleer6. employees and trustees have the right chS and as5essm8nls b8foro they can 1th churth. Safyards are in ace lo wotect vulnerable people Irom abuse. and prevent abuse happ8nin9 in Ihe fi1 G. CONFLICT OF INTERESTS No truth is in a vhbgre their IW as a tm#e8 TAIII Cffillicl vilh any pewrwl Inter851 they may havg. H. COMPLAINTS HANDLING Wo ale coi)mitted lo ensuring thal pwle have all necessary sjjpwt reqLMred lo makg a comaIn1. Compalints 8 actspled vwbally in lting. and can be fonnal or Inf(wmal. AnycTh lsNng lo make a complaint ill bo providaj *4th 8 ¢plain Han(lir4J Slalfjmfjnl. Ithch gJrnmart8es hcw a t£rfnrA8lnl abwl tyjr $8Nlce can Pag• 3 cs Camscanner
TRUSTEES, REPORT FOR THE REAR E14DE0 31 DECEMBER 2023 ACHIEVEMENTS AND PERFORAIANCE REVIEW OF ACTMTIES The Church undwlrKA Ihe tdltr4•ing acts"vib'es.' l. Prayer terence 2. Evangeliyn 3. Ccrfnmunity Aclivibes 4. Charitsble Aclivilies S. Povety AlIeviatic Ath"vitses Pago 4 cs Camscanner
FOR THF REAR F.NDED JI DECEM8F.R 1023 FIP4ANCIAL REVIEW RESERVE POLICY Thp ¢hiJrh •onmrJrt tvtmlh In 202J IlnwJ41 m•nl)ovg hAv• bn goTrth TM Is l(Y thp £58.6418Th1 not 859•19 01 £115.544. Tl• TruslpÈs h8Ve PStAtlild • Khyicy t¥bY lh• unrn91rtded Iwl8 Th>1 (offlmllt•J or lrni•yl8d In fix 01$ llhe frve revrvès") by chvth shthrtd be 3 Mh9 ol annu81 g1wrto. Al Ihls fev81, f881 Ih•l d be Ai4e to cfjnlinvÈ the oJrTerrt 8clivilie$ ol Ihe chwch IFb the ev8nl of 8 4wificant drop in B. PRINCIPAL FUNDIP4G Thjt is rvovieÈd m?inly Ihrtwl Ithgs aTrJ ollerfry5 by Ihe dNch m8rnbws. PLANS FOR THE FUTURE FUTURE DEVELOPMENTS We arp IKyng 10 #c4Juire o imjilthng of Bre also p7j 11Tr8t G1 4H help w eIlt pwlsh ith its place ol rx5hip. Wo also liko to estailish a fj114qLripe(J children's ¢huith llhin parbsh g) tr1 STATEWIENT OF TRUSTEES. RESPONS181LmES la4V aTMI Urat•d KirKJlyn 4x(wbwwJ st (Ufwted 1fjldn Genwally Wed PrnLce The 8pp4i¢xtde lo tharitses in ENJl8Th1 & Waes reqre¥ ts TruslÈes to pr8rArg financial stalernen15 for finanoal gNe 8 true fair view of Ihe ol aff8irs of the chanty 8ThJ of th8 Iornirlj rE9)wces a?FliCati.¢ of Te5OUrt of the tharity IC that M)y. In wyfjng these finaThial staiements. the Twstees are I . OtffjeN$ thè Meth ar#J pr[1¢$ in the Charili¢s SORP. • Make judgernts and e5b"mates that rasorAble and pnKJent. • Stste kn¢her applicatle UK u(JntirvJ Slarvjards have beell lo11ty, lo any mati81 exFAaird fin thè finaicial stalem•nts. finarKlal ol the caiity 8rJ •nat4e thwn to •nsure that Ihe slal8m•nts (x%nFty hith ts Ctwities A¢t 2011. TW are also we5FtIO for safeguardlThJ Iho ass6ts 01 tho dwlty Ic¢ laclThJ #•p6 lor dgtwjim d Iraj and dher Irreg¥11e$. Th• frf#>1 vras ty the TnAto0s *h ol 2024 and ty. P•9• S cs Camscanner
IN FOR THE AEAR ENDED 31 DECEMBER 2023 I rwt on Ihe aecounls lor Ihe y¥ Yed 31 D•cèmb8r 2023 sel pw 7 10 11 R•5P•CtlY• r••pon$lbllltl•J ol trust •nd •x•mln•r The charity's Irusto8s are rÈspcmlAe l(v lh8 prgpar•liM of th8 &C(nIg. Thè ¢hityg ITust899 cLffjgder th81 an athI 1$ r requiw lor IIHS pencmj Itmder Se¢lKffl 144(21 d thè Chities Act 2011 {Ih8 2011 Acll Ihal an indfjp8TrJent èxninèti is required. It is my Tr5pcffjY1lfy to.. . Examine the a¢c(AJnl$ urKJer secti( 145 of Ihe 2011 Act . To Ihe proeedLres l•d in Ihe Genwal Diroction &i¥en by ihe Charity Commisgon IwKl8r tion 14gSXbl the 2011 Act) and • to #ate vknether partiaAar matters mattern have come lo my attlIOn. Basis of th• Ind•p•nd•nt •xamin•rf• r•port My examinatron ps carri (rtrt accordance ith the General Oifecticffls gTven by the Charity Ccthmigcfi. examinatio indude a review of Ihe accoJntirrfJ recCS kept by the charity and a compari of tha acccJnls wesenled with th Tecords. It alsn indudes derati of ?Y unugjal ilwns ty ¢thswes in lh8 acccMJnt& aThJ seekn explanatbc¥)s frc•n the truslees corwning any mattws. The tKccedur8s urthrtakwb do not provido 811 tho widen¢0 that reryired in an •Jthl. no (¥xnicr is given as to vkn8th8r the accolmts Fyesent a In and fairvifjvf repcxt is lo tr matters sel L)Jt in alements Wow. Ind•p•nd•nt •umin•rfs slal•m•nt In cthTh¢ts"on ¥bith my exam1ftati(, no malier has cc¥ne io my atten11. {1} gives me rea946 eause lo believe that. in malwial resm the re¢wirements • to keep ac£cwhtuy r8coTds in aCCCrd vith SectiM 130 of Ihe 2011 Act a1 • to fKepare aCnIS %thidb acC(d with the rdS aThJ lo c(xnF4y hilh &coJntiryJ Lwfwnents crf the 2011 A have not been met: (21 to thich. in my be in L¥def lo wble a propw und)ding ol to be K4YAJ8CO Ltd 34 Padw Way BL2 P•9• 6 cs Camscanner
STATEMENT OF FINANCIAL ACTNITIES FOR THE YEAR ENDED 3112 2023 2023 2022 Unr85Wcled Funds Uniestriclo d Funds INCOME RESOURCES Incoming ue$ friTh gerrnIed ld5 V¢Yunlary Inccme 134,284 86,549 Total In¢cthing lerCeS 134,284 86.549 RESOURCES EXPENDED Charitable activities Reswrces expendgj on charitable tivitieS 29,147 25.052 Governar costs 46,496 36.626 75,643 61.678 Surplu(defKl1j for the year 58,641 24.871 Pag• 7 cs Camscanner
STATEMENT OF FINANCIAL ACTMTIE8 FOR THE YEAR EPIDED 31 12 2023 BALANCE SHEET AS AT 31 DECÉMBER 2023 2023 2022 FtyTrJ$ d Fur•Jg FIXED ASSETS Torgtl8 assets 10,788 CURREPll ASSErs Cash at bank Ctdors 71,OXI 26.799 97.889 38.912 11.581 ).493 Amc4Jnts falliThJ ithin year NET CURRW ASSErs 2.743 47,760 97,289 TOTAL ASSETS LESS CURRETr LIABILMES 115.621 CREDITORS AInts faniTrJ after than one ygar 115.544 FUNDS fuThJ 115.S44 TOT FUTr 115,544 ON BEH OF THE BOIATr. P•p• • cs Camscanner
REDEEAIED CHRISTIAM CHURCH OF GOD CHRIST FOR LIFE Notes lo lh• Fln•n¢l•l St•t•m•nt• 3l.D•¢-23 ACCOiINTING POLICIES Accovntlng eonv•Trtlon The fin8nc.ial slatements h8ve been prepjred under th8 hist¢81 cost convenlion and in ac£tydanc8 ith the qlalemenl ol reccffimended pr8th'ce'. AcCntIng and R8POrtiThJ by ¢harfthes Ffeparing Ihr ccwnts in acC[lIanCe ilh thè Financial ReFyling applicable in lh8 UK arwj ReliC ol Irel¥AJ IFRS 1021 i5&d (m 16 JV 2014 and With Charities Acl 2011 In¢omlng vvJour¢•s All •rornIng resol5 a induded cm the Slalernenl ol Fin8ndal Actrvilies v1 lh8 ¢h8fity is legalty entillJ to the inc¢Jne and the arnnI Can be quab'fied wlh reagThbl8 accuracy. Resources expended ExrndibJre 15 act(nted an ac£nJ8ls basis and h85 been daled undor the headings that aTegate all cosls rdated to the category. Whwa cosis cannot be dir&Uy attribu1 lo p8rbctAar hgadings they have been allted to aclivities on a basis consisienl Ihe use of resLJrces Taxation The charity is exwnpt frcffn tax its thwitable activilies. Fund accounting [eStricted funds can be used n ac£¢Kdan¢e with charitable rtsjedives al tho dixredicn ol Reslricawj be uwj particular reriCtsd %44thin Ihe rtjject of the cty ReStridI efi by Ihe dw or luTrJs are raised for partialar res1ricl eWanati d tho naluro pUrye of eath lund is irKluded in the notes to the fin¥¢i V0LLINTy IMCOME 2023 T*Xa t)0w1 r•ceiv&J {fithe, dfwing and Thk931¥In9) &'ft rdaim dc¥wb'on Bth Inlefest IV 84,130 22,891 134.284 Pag• 9 cs Camscanner
REDEEMED CHRISTIAN CHURCH OF GOD CHRIST FOR LIFE Notes to lh• Flnanclal Stat•m•nti 31.D•¢.2J CHARITA8LE ACTMTIES COSTS Direct Costs 2023 Dcnaticffls Hcorarium Wdfare WEM 6.486 6,$50 7,193 8.918 Restyjrces expwthd tharilaNe adivilies 29,147 GOVERNANCE COSTS 2023 Rent & Rates Postsge & slatsor Ingjrydr Repaits and maintenance Accountarq fees Travd & acc¢ynodatiM exKnses Light & heal Subxripli¢ Adverttsing & Mating Ttaining Teph0 & Fax Paypal Ca Sundry 18.960 495 442 5.656 2,372 767 2,418 1132 14 17 1869 815 5.257 InstrumenW C(xnwrtw eqLMpment Depreuation Paknl ex$¢$ 46,496 TRUSTEE'S REMUMERATION AND BENEFITS Ttrve we no tw*ee¥ rwnunwaIi other benefits for the year erthd 31 December 2023. Trwe wwe no twstees exSeS pad In the year ended 31 Dober 2023. Pa99 10 cs Camscanner
REDEEMED CHR18TIAM CHURCH OF GOD CHRIST FOR LIFE Mot•s lo lh• Fln•nclal Stst•m•nt• 31-D•c.23 DEBTORS Gift Bid wlim 26,799 26,799 CREDITORS: AMOVNTS FALLING DUE IMTHIN ONE YEAR Accrued Accounlancy fee 2023 CREDITORS: AAIOVNTS FALLING DUE AFTER MORE THAN ONE YEAR HP FIrnCe musical tnent 8nd othw equik¥nenl 2022 Bal Paid 1.635 T¥lNGI8LE ASSErs Erwient Fumiture Ttx COST At 1 Januy 2023 AdditiS 13.485 11.537 13.485 12,8(M) At 31 2023 25.022 26.286 DEPRECIATION At 1 January 20rJ Fc¢ the year 2,697 2.697 5.257 253 AI 31 2023 7,701 253 7,954 Al 2023 17.321 1.011 18.332 MOVEMEKf IN FUNDS Surplu51ldef Clogng 11 In year Balanco 31.12.23 AS 01.. 31.12.22 56.903 58,641 115.544 P•g• 11 cs Camscanner