2023-03-31-accounts

The Redeemed Christian Church Of God - Fountain Of Prayer

Receipt and Payment Account For the year ended 31 March, 2023

Incoming Resources NOTES Donations and other Income Tithes and offering HMRC: Gift aid Other income Total Incoming resources Direct Charitable expenses Donations and grants Tapes and books Travel expenses Ministry costs Children's ministry Pastoral expenses Honorarium Fundraising and publicity Premises costs Governance cost Total Resources expended Deficit/Surplus	Restricted Unrestricted 2023 2022 2023 2022 £ £ £ £ 59,823 34,678 27,296 33,015 24,424
	- 33,015 59,823 86,398
	1,559 3,722 9,752 4,294 1,429 3,835 13,647 150
	- - 16,725 21,663
	- 33,126 26,870 49,543 34,806
	- - 82,669 61,676
	- 99,394 83,339
	- 33,015 - 39,571 3,059

Exceptional items

Profit on disposal of tangible assets Profit on disposal of investments Net incoming resources Balance for the year Fund balances brought forward Fund balances carried forward	- - - - - - - -
	- - 39,571 3,059
	- 33,015 - 39,571 3,059

The Redeemed Christian Church Of God - Fountain Of Prayer

Balance Sheet As at 31 March, 2023

Fixed Asses Notes Tangible assets 7 Current Assets Cash at bank and in hand Debtors & Prepayment 8 Creditors: Amount due within one year 9 Net Current Assets Total assets less current liabilities Creditors: Amount due more than one year Net Assets Funds Restricted 10 Unrestricted 10	£ 287 28,500	2023 £ 10	£ 47,214 24,350	2022 £ 10
		10		10
	28,787 32,868		71,564 35,500
		- 4,071		36,074
		- 4,071		36,074
		35,500 - 39,571		33,015 3,059
		- 4,071		36,074

The trustees are satisfied that the charity is entitled to exemption from the requirement to obtain an audit under section 477 of companies Act 2006 and that the members have not required the organisation to obtain an audit in accordance with section 476 of the Act.

The trustees acknowledge responsibilities for complying with the requirements of Charity Commission with respect to accounting records and the preparation of accounts.

Olufunmi Akintujoye Minister, Accounts Approved by the board on 2nd July, 2023

The Redeemed Christian Church Of God - Fountain Of Prayer

Notes to the Accounts

For the year ended 31 March, 2023

1. Accounting Policies

Basis of preparation

The financial statements have been prepared in accordance with the provisions of the Charities Commission 1993 and the Charities (Accounts and Reports) Regulations promulgated thereunder and the statements of Recommended Practice issued by the Charity Commission.

Unrestricted funds represent funds which are expendable at the discretion of the trustees in furtherance of the objects of the church and are held in the general fund

Restricted Funds represent grants and donations received and tax refunds arising thereon, which were allocated by the donor for the specific purposes.

Direct Charitable expenditure

Direct Charitable expenditure includes all expenditure which is direectly related to the objects of the charity and comprises grants paid and costs which are directly attributable to charitable activities including charitable support costs.

Management and administration costs

Management and administration costs represent expenditure incurred in the management of the assets of the charity, organisational administration and compliance with constitutional and other statutory requirements. None of the trustees received any renumeration, nor were paid expenses in the year ended 31/03/2023.

Grants and donations

There were no accruals for these items at the year end

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:

Motor Vehicle 10% reducing balance Furniture & Fittings 10% reducing balance Equipment & instrument 5% reducing balance

2. Incoming Resources

These are recognised in full in the statement of Financial Activities in the period in which these are received.

3. Direct charitable expenditure

These comprises all expenditure directly related to the objects of the charity. It also includes expenditure in support of such activity where material.

4. Fundraising and publicity

Promotional activities 5. Premises cost Premises cost and interest Repairs and maintenance 6. Governance costs Payroll & other administrative costs Printing, postage and stationery Bank charges Accountancy fees Telephone Sundry expenses/Training & Development Depreciation	2023 2022 £ £ - -
	- -
	2023 2022 £ £ 32,750 376.00 -
	33,126 -
	2023 2022 £ £ 36,716.00 665.41 625.66 1,300.00 2,406.27 7,830.00
	49,543 -

Motor Equipment Furnitire &

TOTAL

7. Tangible fixed assets

Cost At 1st April, 2022 Additions during the year At March, 2023 Depreciation At 1st April, 2022 Charged for the year At March, 2023 Net book value At March, 2023 At 1st April, 2022 8. Debtors & prepayments Debtors Other debtors & prepayments Amount due more than one year 9. Creditors & Accruals Amount due within one year	Vehicle & instrument £ £ - -	Fittings £ £ - -
	- -	- -
	- 10 -	- 10 -
	- 10	- 10
	- - 10	- - 10
	- - 10	- - 10
		2023 2022 £ £ 28,500 24,350
		28,500 24,350
		- -
		2023 2022

Creditors Accruals 10. Funds At 1st April, 2022 Net incoming resources At 31st March, 2023	Restricted Restricted 2023 2022 £ £ - 35,500 33,015	£ £ 22,000
		22,000 -
		Unrestricted Unrestricted 2023 2022 £ £ 35,500 3,059
	35,500 33,015	35,500 3,059

The Redeemed Christian Church Of God - Fountain Of Prayer

Independent Examiner's Report For the year ended 31 March, 2023

I report on the accounts for the year ended 31st March, 2022 which are set out on pages 2 to 6.

Respective responsibilities of trustees and examiner

The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the Act) and that an independent examiner is needed.

It is my responsibility to:

1. Examine the books of account (under section 43 of the Act)

2. To follow the procedures laid down in the General Directions given by the Charity Commission (under section 43(7)(b) of the Act, and

3. To state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out 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 disclosure 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 statement below.

Independent examiner's statement

In the course of 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 the accounting records and comply with the accounting requirements of the 1993 Act; have not been met; or

1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Oladele Bakare

BO & Co Accountants Ltd