| CONTENTS | PAGE | |||
|---|---|---|---|---|
| Reference and administrative | details | |||
| Directors report | 3 —8. | |||
| Independent Examiner's |
report | |||
| Statement of financial |
activities | 10. | ||
| Balance Sheet | ||||
| Notes to the accounts | 12 — 15 |
| REDEEMED CHRISTIAN | REDEEMED CHRISTIAN | REDEEMED CHRISTIAN | CHURCH | CHURCH | OF GOD | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| HOUSE OF MERCY | AYLESBURY | |||||||||
| REFERENCE | AND ADMINISTRATIVE DETAILS |
OF | THE | CHARITY, ITS TRUSTEES AND | ||||||
| ADVISERS FOR THE YEAR | ENDED | 31 DECEMBER 2022 | ||||||||
| Trustees | Mrs A 0 Mohammed | |||||||||
| Mr D E Akpabio | ||||||||||
| Mr A S Coker | ||||||||||
| Mr A Fajuyitan | ||||||||||
| Mr B Ekundayo | ||||||||||
| Parish Pastor/CEO | Pastor Olusegun | Stephen | ||||||||
| Charity registered | number | 1158553 | ||||||||
| Principal | Office | 52 Lansbury Road |
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| Milton Keynes |
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| MK3 5RA | ||||||||||
| Operating | address | 4th Floor | ||||||||
| Sunley House |
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| Oxford Road | ||||||||||
| Aylesbury | ||||||||||
| Bucks | ||||||||||
| HP19 8EZ | ||||||||||
| Independent | Examiner | Akintayo Ojo FCCA |
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| Resource Management | Consultants | Ltd | ||||||||
| 46 Hollywood | Way | |||||||||
| Erith | ||||||||||
| DA8 2QE | ||||||||||
| Bankers | Barclays Bank | PLC | ||||||||
| Market Square | ||||||||||
| Aylesbury | ||||||||||
| HP20 |
| 2022 | 2022 | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Tota I | ||||||
| Funds | Funds | Funds | Funds | ||||||
| INCOMING RESOURCES |
Notes | E | f | ||||||
| Donations, legacies K similar incoming |
resources | 177,663 | 29,962 | 207,625 | 157,115 | ||||
| Activities in furtherance of charity's |
object | 11,109 | 16,800 | 27,909 | 55,805 | ||||
| Investment income |
408 | 408 | 30 | ||||||
| Total incoming resources |
189,179 | 46,762 | 235,941 | 212,950 | |||||
| RESOURCES EXPENDED | |||||||||
| Grants payable —individual |
372 | ||||||||
| Grants payable —institutional |
2,190 | 2,190 | 4,892 | ||||||
| Costs of activities in furtherance |
of | ||||||||
| charities objects | 7 | 212,930 | 19,781 | 232,711 | 210,438 | ||||
| Management and governance |
costs | 8 | 3,248 | 3,248 | 15,043 | ||||
| Total resources expended | 218,368 | 19,781 | 238,149 | 230,744 | |||||
| Net (outgoing)/incoming resources |
for year | 29,189 | 26,981 | — | 2,208 | — 17,794 | |||
| Total funds at the start ofthe | year | 40,455 | 64,974 | 105,428 | 123,222 | ||||
| BALANCE AT END OF YEAR | 11,265 | 91,955 | 103,220 | 105,428 |
| Notes | 2022 | ||||
|---|---|---|---|---|---|
| FIXED ASSETS | |||||
| Tangible Fixed |
assets | 10 | 52,386 | 67,597 | |
| CURRENT ASSETS | |||||
| Debtors 5accruals | 11 | 41,324 | 34,453 | ||
| Cash and bank | balances | 12 | 12,060 | 6,328 | |
| 53,384 | 40,781 | ||||
| LIABILITIES | |||||
| Amount falling |
due within | one year | 13 | 2,550 | 2,950 |
| 2,550 | 2,950 | ||||
| NET ASSETS | 103,220 | 105,428 | |||
| CHARITY FUNDS | |||||
| General —unrestricted |
ld | 11,265 | 40,454 | ||
| General —restricted |
le | 91,955 | 64,974 | ||
| TOTAL FUNDS | 103,220 | 105,428 |
| 2022 | 2022 | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||||
| Funds | Funds | Funds | Funds | ||||||
| 5. Grants payable —individual |
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| Individual welfare |
372 | ||||||||
| 6. Grants payable —institutional |
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| Charitable giving -UK |
2,190 | 2,190 | 4,892 | ||||||
| Charitable giving -overseas |
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| Total | 2,190 | 2,190 | 4,892 | ||||||
| List of institutional grants |
payable | E | E | ||||||
| RCCG WEM | World | Evangelism | 1,350 | 1,350 | 1,727 | ||||
| RCCG Central Office |
Central | Office Suppc | 600 | 600 | 1,375 | ||||
| Oxfam | Mission | support | 240 | 240 | 1,540 | ||||
| RCCG My Father's House |
Mission | support | |||||||
| HOM Coventry | Mission | support | |||||||
| Others | 250 | ||||||||
| Total grant payable | —institutional | 2,190 | 2,190 | 4,892 | |||||
| 7. COST OF ACTIVITIES IN | FURTHERANCE | OF CHARITY'S OBjECTS | |||||||
| Visiting speakers expenses | 2,650 | 2,650 | 3,550 | ||||||
| Seminar, conferences |
and subscriptions | 3,164 | 4,014 | 7,178 | |||||
| Travel and subsistence | 5,965 | 5,965 | 2,636 | ||||||
| Hall hire, rent %rates | 35,287 | 5,554 | 40,841 | 6,159 | |||||
| Music, liturgy 8.church | group | 3,270 | 3,514 | 6,784 | 1,973 | ||||
| Mission, evangelism | K projects | 8,197 | 6,698 | 14,895 | 22,770 | ||||
| Welfare S.hospitality | 3,261 | 3,261 | 880 | ||||||
| Telephone S.internet |
3,548 | 3,548 | 3,207 | ||||||
| Printing, postage and |
stationery | 3,565 | 3,565 | 2,756 | |||||
| Motor expenses | 4,241 | 4,241 | 6,348 | ||||||
| Worship cost Kchurch | occasion | 5,341 | 5,341 | 4,157 | |||||
| Training mission |
666 | ||||||||
| Utilities | 5,202 | 5,202 | 2,449 | ||||||
| Depreciation | 27,825 | 27,825 | 24,671 | ||||||
| Insurance | 1,607 | 1,607 | 1,957 | ||||||
| Repair 5maintenance | 1,410 | 1,410 | 295 | ||||||
| Staff cost | 77,378 | 77,378 | 54,204 | ||||||
| Office expenses | 6,598 | 6,598 | 3,172 | ||||||
| Admin 5finance costs | 4,423 | 4,423 | 4,671 | ||||||
| Building works |
10,000 | 10,000 | 63,914 | ||||||
| 212,930 | 19,781 | 232,711 | 210,438 |
| 2022 | 2022 | 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Tota.l | Tota I |
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| Funds | Funds | Funds | Funds | |||||||
| 8. MANAGEMENT | AND | GOVERNANCE | COSTS | |||||||
| Professional | fees | -Legal 5lease | 10,083 | |||||||
| Professional | fees | -Other | 698 | 698 | 2,010 | |||||
| Examiner's | fees | —accountancy | 2,550 | 2,550 | 2,950 | |||||
| 3,248 | 3,248 | 15,043 | ||||||||
| 9. TANGIBLE | FIXED ASSETS | Motor | Musical | Computers | Furniture S. |
Total | ||||
| Vehicles | equipment | %projectors | fittings | 31-Dec | ||||||
| 2021 | ||||||||||
| Cost | E | |||||||||
| At 1january | 2022 | 20,379 | 26,686 | 36,095 | 36,105 | 119,265 | ||||
| Additions | 6,221 | 702 | 5,692 | 12,615 | ||||||
| At 31 December | 2022 | 20,379 | 32,907 | 36,797 | 41,797 | 131,880 | ||||
| Depreciation | ||||||||||
| At 1 January | 2022 | 5,792 | 22,116 | 13,843 | 9,918 | 51,669 | ||||
| Depreciation | for | the year | 4,863 | 3.351 | 9,361 | 10,250 | 27,825 | |||
| At 31 December | 2022 | 10,655 | 25,467 | 23,204 | 20,168 | 79,494 | ||||
| Net book value | ||||||||||
| At 31 December | 2022 | 9,725 | 7,440 | 13,593 | 21,629 | 52,386 | ||||
| At 31 December | 2021 | 14,588 | 4,570 | 22,252 | 26,187 | 67,597 | ||||
| 10. CASH BALANCES | Year ended | Year ended | ||||||||
| 31-Dec | 31-Dec | |||||||||
| 2022 | 2021 | |||||||||
| Cash in Bank |
at | year end | 12,060 | 6,328 | ||||||
| 12,060 | 6,328 | |||||||||
| 11. DEBTORS %ACCRUALS | Year ended | Year ended | ||||||||
| 31-Dec | 31-Dec | |||||||||
| 2022 | 2021 | |||||||||
| Debtors | 1,000 | 500 | ||||||||
| Gift Aid receivable | 40,324 | 33,953 | ||||||||
| 41,324 | 34,453 | |||||||||
| 12. CREDITORS | 31-Dec | 31-Dec | ||||||||
| Trade creditor's | due within | 12 months | 2022 | 2021 | ||||||
| Accrual: Pension |
payments | |||||||||
| Accrual: accountancy | fees | 2,550 | 2,950 | |||||||
| 2,550 | 2,950 |
| 14. | STAFF | COST AND | NUMBERS | Year ended | Year ended | ||
|---|---|---|---|---|---|---|---|
| Staff costs were as follows | 31-Dec | 31-Dec | |||||
| 2022 | 2021 | ||||||
| Wages and | salaries | 71,363 | 49,609 | ||||
| Social security costs | 5,141 | 3,597 | |||||
| WPS | —Employer | 873 | 997 | ||||
| 77,377 | 54,203 | ||||||
| Year ended | Year ended | ||||||
| The average | number | of employee | during | the year was as follows | 31-Dec i | 31-Dec | |
| 2022 | 2021 | ||||||
| No. | No. |
| 15. NET INC | OMING RESOURCES/(RES |
OURCES EXPENDED) |
||
|---|---|---|---|---|
| Year ended | Year ended | |||
| This is stated | after charging | 31-Dec | 31-Dec | |
| 2022 | 2021 | |||
| Depreciation | of tangible assets owned | by the charity | 27,825 | 24,671 |
| Accountant's | fees | 2,550 | 2,950 |