# **REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY**
Charity reg. no: 1158553
**TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023**
## **REDEEMED CHRISTIAN CHURCH OF GOD**
## **HOUSE OF MERCY AYLESBURY**
TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2023
|**CONTENTS**|PAGE|
|---|---|
|Reference and administrative details|2.|
|Directors report|3 - 8.|
|Independent Examiner's report|9.|
|Statement of financial activities|10.|
|Balance Sheet|11.|
|Notes to the accounts|12 - 15|
Page 1
REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF MERCY AYLESBURY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2023
|**Trustees**|Mrs A O Mohammed - resigned 25/04/2023|
|---|---|
||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**|83 Santa Cruz Avenue|
||Newton Leys|
||Bletchley|
||Milton Keynes|
||MK 3 5HE|
|**Operating address**|4th Floor|
||Sunley House|
||Oxford Road|
||Aylesbury|
||Bucks|
||HP19 8EZ|
|**Independent Examiner**|Akintayo Ojo FCCA|
||Resource Management Consultants Ltd|
||46 Hollywood Way|
||Erith|
||DA8 2QE|
|**Bankers**|Barclays Bank PLC|
||Market Square|
||Aylesbury|
||HP20|
Page 2
## REDEEMED CHRISTIAN CHURCH OF GOD
## HOUSE OF MERCY AYLESBURY TRUSTEES REPORT
## FOR YEAR ENDED 31 DECEMBER 2023
The trustees submit their report and financial statement for Redeemed Christian Church of God House of Mercy Aylesbury (The Charity) for the year ended 31 December 2023. The trustees confirm that the trustees' report and financial statements of the charity comply with current Statutory requirements of the charity's governing document and the provisions of the statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" Issued in March 2005.
## **STATUS**
The Redeemed Christian Church of God - House of Mercy Aylesbury is a Charity Incorporated organisation (CIO) registered with the Charity Commission with charity number 1158553. RCCG House of Mercy as it is also known is affiliated with the Redeemed Christian Church of God (RCCG) UK network of Churches. We are an affiliate member of the Evangelical Alliance (EA) in the UK and the ecumenical Aylesbury Churches Network (ACN).
## **ABOUT US**
The charity operates in Aylesbury, a 'garden city' in the central southern England with a growing population of about 205,000. Aylesbury ranks averagely in the English Index of Multiple Derivation with some very affluent suburbs, but with areas of significant deprivation in the north-west of the town.
House of Mercy church exists to inform, influence, and impact our community with the gospel of Jesus Christ.
We are a Christian non-profit faith group and acting for the benefit of our congregation and the wider community, particularly those needing emotional, financial, and family support. As well as our regular Sunday services, we aim to increase Community Cohesion, provide disaster relief and help those who are disadvantaged in our community. We also provide counselling and pastoral support for those in need of it.
As a church, we are committed to the beliefs of the historic Christian faith and its understanding of God, ourselves and our relationship with Him. We believe a life of Christian love and service to be relevant and beneficial for ourselves and society. All our services are open to all beneficiaries' regardless of race, gender, or religious belief and we are active in sharing the good news about Jesus with all people. Our current activities includes:
## **APPOINTMENT OR ELECTION OF TRUSTEES**
Trustees are appointed and or co-opted under the terms of the CIO constitution.
## **POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES**
The induction process for a newly appointed Trustee comprises of an initial meeting with the chair and other trustees, followed by short meetings with the parish pastor on the powers and responsibilities of the trustees.
Page 3
REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY
## TRUSTEES REPORT
FOR YEAR ENDED 31 DECEMBER 2023
## **APPOINTMENT OR ELECTION OF TRUSTEES**
Trustees are appointed and or co-opted under the terms of the CIO constitution.
## **POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES**
The induction process for a newly appointed Trustee comprises of an initial meeting with the the chair and other trustees, followed by short meetings with the parish pastor on the powers and responsibilities of the trustees.
## **ORGANISATIONAL STRUCTURE AND DECISION MAKING**
The charity is organised so that the Directors meet regularly to mange its affairs. The parish pastor manages the day to day administration of the church.
## **RELATED PARTY TRANSACTION**
RCCG House of Mercy Aylesbury is a parish of The Redeemed Christian Church of God which has parishes all over the world. The parish'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 charity is exposed, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate our exposures to major risks.
## **OBJECTIVES AND ACTIVITIES**
The principal object is the advancement of Christian faith in accordance with the statement of beliefs of The Redeemed Christian Church of God, and the relief of poverty. To achieve its objectives, the church adopted the following strategies:
Running the following weekly activities to fulfil its objective of advancing Christian faith: Sunday morning and evening services
Midweek home pastoral support/Bible study groups Parent and toddler group Youth connect Women's fellowship Men's fellowship Sunday School
In addition to these weekly activities, we run other community based project in advancing our objective of preventing of relieving poverty. These includes:
Training and development seminars to support members and public ( eg managing your finances), Welfare support to members of the public through Food Bank vouchers and food parcel distribution, Career Development Workshops,
Fundraising for other charities ( especially International Aid, and Oxfam), and many more supporting affected by wars and natural disasters.
Page 4
REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF MERCY AYLESBURY TRUSTEES' REPORT FOR YEAR ENDED 31 DECEMBER 2023
## **PUBLIC BENEFITS**
The Church's Sunday and mid-week services are open to the general public to build on their Christian faith. Apart from its Church activities, the charity was involved in the following public benefits efforts during the year in reporting:
- Welfare support to members of the community through Food Bank vouchers and food parcels distribution. Households in our community benefitted from over 1,200 hot meals and 1,000 food parcels given away by the charity.
- The charity provided music training centre and organised practical training on musical equipment, voice training, talent developments and concerts for the people in the community.
- The charity worked with young people in training in music, dance, creative writing and drama to provide alternatives to activities at rest of their involvement in street violence and other anti-social behaviours.
- The charity supported notable charities such as Oxfam. It also contributed to disaster relief around the world through Disaster Relief Agencies in UK and SVG -Donation for relief.
- The charity organised multicultural even in the community to foster better relationship between members, and also to discuss topics bothering on community development.
- We are very grateful to all our donors and most especially Heart of Bucks, Bucks County Council, Clare Foundation and Topkare Limited for the grants provided to fund some of our projects. Your kind support has indeed gone a long way to put a smile on the faces of users of our service and also enabled us to serve our community better.
Our efforts are geared towards supporting the programmes of our local community, promoting cohesion in our community, and impacting the lives of the young people and the elderly.
## **GRANT MAKING POLICY**
The church supports visiting ministers of the gospel both within and outside the United kingdom. 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. Included in the charity's payroll are salaries a minister seconded to work for a sister church.
## **VOLUNTEERS**
The church is grateful for the unstinting efforts of its volunteers who are involved in providing services for the charity. It is estimated that over 6000 hours are provided by volunteers during the year. If this is conservatively valued at £8.50 per hour, the volunteers effort will amount to £51,000.
Page 5
REDEEMED CHRISTIAN CHURCH OF GOD
HOUSE OF MERCY AYLESBURY TRUSTEES' REPORT
FOR YEAR ENDED 31 DECEMBER 2023
## **REVIEW OF ACTIVITIES**
The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the statement of faith contained in our constitution.
## **BUILDING PROJECT**
Due to the expansion in the charity's activities and involvement in the community, the charity secured a 10 year lease of Sunley House, Oxford road Aylesbury. The property provides a 200 square metre of floor space adapted for use as a community building.
The charity has settled into Sunley House and the process have been very beneficail to the charity. We were able to run our food bank and other projects for the benefit of our beneficiaries in the community. We continue to seek for funders to help us with funds for our various projects. There were no major donations towards the building project in the year under review, but we note contributions from the following organisations towards the building project in the previous year.
||**2023**|**2022**|
|---|---|---|
|Topkare Limited|£0|£10,000|
|Congregational and General|£0|£10,800|
## **FOOD BANK AND HOT MEAL**
During the year in view, our charity gave out 1200 packs of hot meals and 1000 food parcels to members of the community. As part of our commitment to the economic growth of our community, we ensured that every items used in preparing the hot meals and food packs were sourced within our community. Costco, Tesco, Farm foods, were patronised along with other African Caribbean Food stores. The hot meals were prepared by a local caterer Omolayo Akinsemoyin catering services. We will also like to acknowledge the following organisations that contributed to fund the project:
||**2023**|**2022**|
|---|---|---|
|Hearts of Bucks|£12,085|£6,000|
## **RESERVES POLICY**
The trustees' policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended. They feel that this would enable the current activities to continue if there is any significant drop in funding. It would obviously be necessary then to consider how the funding would be replaced or activities changed. The present free reserve is below the policy range but the trustees are continuing to seek additional funds for the reserves.
## **PRINCIPAL FUNDING**
Funding has been provided mainly through tithes and offerings by church members and through donations. Pledges are also taken for specific projects. The charity also received grants from donor's for some of its projects in the year under review.
Page 6
REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY TRUSTEES' REPORT FOR YEAR ENDED 31 DECEMBER 2023
## **FUTURE DEVELOPMENTS**
The charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life-changing impact in the community. With the lease of Sunley House, the trustees of of the charity believes it has increased capacity to meet the various needs of its members and the general public.
Page 7
## REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY TRUSTEES' REPORT
## FOR YEAR ENDED 31 DECEMBER 2023
## STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and regulations.
Charity law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Acceptable Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing the financial statements, the Directors are required to:
- Select suitable accounting policies and apply them consistently;
- Make judgement and estimates that are reasonable and prudent;
- Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the company will continue in operation.
The Directors recognise their responsibilities to keep proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and henceforth 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, whose report is also appended.
Approved by the trustees on 01 April 2024 and signed on their behalf by:
## **Mr B Ekundayo Chairman**
Page 8
## REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY INDEPENDENT EXAMINERS REPORT
## FOR YEAR ENDED 31 DECEMBER 2023
TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY
I report on the accounts of the charity for the period ended 31 December 2023 which is set out on pages 9 - 13
## RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
The charity trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for the year under section 142(2) of the Charities Act 2011 and that an independent examination is needed.
## It is my responsibility to:
- examine the accounts under section145 of Charities Act 2011;
- follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## BASIS OF MY EXAMINATION
My examination was carried out in accordance with the 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 disclosures in the account, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all 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 statements below
## EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
- proper accounting records are not kept in accordance with the companies Act; and
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Companies Act 2006; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Akintayo Ojo FCCA 09 April 2024 46 Hollywood Way
Erith. DA8 2QE
Page 9
## REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY
## STATEMENT OF FINANCIAL ACTIVITIES
## FOR YEAR ENDED 31 DECEMBER 2023
|
INCOMING RESOURCES
Notes
Donations, legacies & similar incoming resources
2
Activities in furtherance of charity's object
3
Investment income
4
Total incoming resources
RESOURCES EXPENDED
Grants payable - individual
5
Grants payable - institutional
6
Costs of activities in furtherance of
charities objects
7
Management and governance costs
8
Total resources expended
Net (outgoing)/incoming resources for year
Total funds at the start of the year
Movement in funds
BALANCE AT END OF YEAR|**2023**
Unrestricted
Funds
**£**
241,960
4,130
1,236|**2023**
Restricted
Funds
**£**
33,864
12,085
-|**2023**
**2022**
Total
Total
Funds
Funds
**£**
**£**
275,824
207,625
16,215
27,909
1,236
408
293,275
235,942
-
-
7,543
2,190
278,444
232,711
4,525
3,248
290,512
238,149
2,763
2,208
-
103,220
105,428
-
-
105,983
103,220|
|---|---|---|---|
||247,326|45,949||
||-
5,726
235,029
4,525|-
1,817
43,415
-||
||245,280|45,232||
||2,046
11,265
46,179|717
91,955
46,179
-||
||59,490|46,493||
Movements in reserves and all recognised and losses are shown above
The charity's incoming resources and resources expended all relate to continuing activities.
Page 10
## REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY
## BALANCE SHEET
## AS AT 31 DECEMBER 2023
|Notes
FIXED ASSETS
Tangible Fixed assets
10
CURRENT ASSETS
Debtors & accruals
11
Cash and bank balances
12
LIABILITIES
Amount falling due within one year
13
NET ASSETS
CHARITY FUNDS
General - unrestricted
1d
General - restricted
1e
TOTAL FUNDS|**2023**
**2022**
**£**
**£**
46,493
52,386
59,811
41,324
3,512
12,060
63,323
53,384
3,833
2,550
3,833
2,550
105,983
103,220
59,490
11,265
46,493
91,955
105,983
103,220|
|---|---|
The accounts have been prepared in accordance with the special provision of Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities
Approved by the Trustees on 01 April 2024 and signed on their behalf by:
Mr B Ekundayo Chairman
Page 11
## REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY
## NOTES TO THE ACCOUNTS
## FOR YEAR ENDED 31 DECEMBER 2023
## 1. ACCOUNTING POLICIES
- (a) The accounts are prepared under the historical cost convention and in accordance with applicable accounting
standards. They follow best practice as set out in the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities.
- (b) Income and expenditure is accounted for on an accruals basis.
(c) Fixed assets comprise furniture and equipment and musical equipment and have been costing more than £300. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off
the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Musical equipment - 25% reducing balance Furnitures and fittings - 25% reducing balance Computer equipment - 25% reducing balance Motor Vehicles - 25% reducing balance
(d) Unrestricted funds are incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
(e) Restricted funds are subject to restrictions on their expenditure imposed by their donors.
|
2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
Collection and other donations - UNRESTRICTED
Tithe, offerings & collections
Gift aid receivable
Sundry donations
Donation missions
3. ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECT
HMRC Employer NIC
Grant Received - Heart of Bucks
Grant Received - C & G
Grant Received - Others
4. INVESTMENT INCOME
Bank Interest
Fees received|Unrestricted
Funds
**2023**
£
182,323
57,450
387
1,800|Restricted
Funds
**2023**
£
-
-
16,866
16,998|Total
Total
Funds
Funds
**2023**
**2022**
£
£
182,323
130,535
57,450
40,338
17,254
12,462
18,797
24,290
275,824
207,625
£
£
4,130
4,000
12,085
6,000
-
10,800
-
7,109
16,215
27,909
£
£
146
68
1,090
340
1,236
408|
|---|---|---|---|
||241,960|33,864||
||£
4,130
-
-
-|£
-
12,085
-
-||
||4,130|12,085||
||£
146
1,090|£
-
-||
||1,236|-||
Page 12
## REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY
## NOTES TO THE ACCOUNTS
## FOR YEAR ENDED 31 DECEMBER 2023
|**2023**
Unrestricted
Funds
5. Grants payable - individual
£
Individual welfare
-
6. Grants payable - institutional
£
Charitable giving -UK
5,726
Charitable giving -overseas
-
Total
5,726
List of institutional grants payable
£
RCCG WEM
World Evangelism
2,750
RCCG Central Office
Central Office Suppo
900
Oxfam
Mission support
240
RCCG Camp Ground
Mission support
383
RCCG Province Due
Mission support
953
Others
500
Total grant payable - institutional
5,726
7. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS
Visiting speakers expenses
1,400
Seminar, conferences and subscriptions
3,698
Travel and subsistence
6,130
Hall hire, rent & rates
48,219
Music, liturgy & church group
1,393
Mission, evangelism & projects
4,883
Welfare & hospitality
1,413
Telephone & internet
4,684
Printing, postage and stationery
3,655
Motor expenses
7,815
Worship cost & church occasion
2,021
Training mission
990
Utilities
5,428
Depreciation
35,802
Insurance
1,818
Repair & maintenance
2,247
Staff cost
88,222
Office expenses
9,964
Admin & finance costs
5,245
Building works
-
235,029|**2023**
Restricted
Funds
£
-|**2023**
Total
Funds
£
-|**2022**
Total
Funds
£
-|
|---|---|---|---|
||£
1,817
-|£
7,543
-|£
2,190
-|
||1,817|7,543|2,190|
||£
-
-
-
1,817
-
-|£
2,750
900
240
2,200
953
500|£
1,350
600
240
-
-
-|
||1,817|7,543|2,190|
||3,500
8,062
4,000
1,701
-
14,454
3,469
-
-
-
3,030
-
-
-
-
-
5,200
-
-
-|4,900
11,760
10,130
49,920
1,393
19,337
4,882
4,684
3,655
7,815
5,051
990
5,428
35,802
1,818
2,247
93,422
9,964
5,245
-|2,650
7,178
5,965
40,841
6,784
14,895
3,261
3,548
3,565
4,241
5,341
-
5,202
27,825
1,607
1,410
77,378
6,598
4,423
10,000|
||43,415|278,444|232,711|
Page 13
## REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY
## NOTES TO THE ACCOUNTS
## FOR YEAR ENDED 31 DECEMBER 2023
|
8. MANAGEMENT AND GOVERNANCE COSTS
Professional fees -Legal & lease
Professional fees -Other
Examiner's fees - accountancy
9. TANGIBLE FIXED ASSETS
Motor
Vehicles
**Cost**
£
At 1 January 2023
20,379
Additions
-
At 31 December 2023
20,379
**Depreciation**
At 1 January 2023
10,655
Depreciation for the year
4,863
At 31 December 2023
15,518
**Net book value**
At 31 December 2023
4,862
At 31 December 2022
9,724
10. CASH BALANCES
Cash in Bank at year end
11. DEBTORS & ACCRUALS
Debtors
Gift Aid receivable
12. CREDITORS
Trade creditor's due within 12 months
Accrual: Pension payments
Accrual: accountancy fees|**2023**
**2023**
**2023**
Unrestricted
Restricted
Total
Funds
Funds
Funds
**£**
**£**
**£**
-
-
-
1,525
1,525
3,000
-
3,000
4,525
-
4,525
Musical
Computers
Furniture &
equipment & projectors
fittings
£
£
£
32,907
36,797
41,797
15,776
4,065
10,067
48,683
40,862
51,864
25,467
23,204
20,168
7,295
10,377
13,267
32,762
33,581
33,435
15,921
7,281
18,430
7,440
13,593
21,629
Year ended
31-Dec
2023
3,512
3,512
Year ended
31-Dec
2023
4,475
55,336
59,811
31-Dec
2023
833
3,000
3,833|**2022**
Total
Funds
**£**
-
698
2,550|
|---|---|---|
|||3,248|
|||Total
31-Dec
2023
£
131,880
29,909|
|||161,789|
|||79,494
35,802|
|||115,296|
||||
|||46,493|
|||52,386|
|||Year ended
31-Dec
2022
12,060|
|||12,060|
|||Year ended
31-Dec
2022
1,000
40,324|
|||41,324|
|||31-Dec
2022
-
2,550|
|||2,550|
Page 14
## REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY NOTES TO THE ACCOUNTS
FOR YEAR ENDED 31 DECEMBER 2023
## 13. RELATED PARTY TRANSACTIONS
During the year, the church paid institutional grants to other RCCG organisations such as the World Evangelism Mission as stated in note 7.
## 14. STAFF COST AND NUMBERS
||||
|---|---|---|
|14. STAFF COST AND NUMBERS
Staff costs were as follows
Wages and salaries
Social security costs
WPS - Employer
The average number of employee during the year was as follows
Pastoral
Charity administration
Total|Year ended
31-Dec
2023
£
71,363
5,141
873
77,377
Year ended
31-Dec
2023
No.
4
-
4|Year ended
31-Dec
2022
£
71,363
5,141
873|
|||77,377|
|||Year ended
31-Dec
2022
No.
4
-|
|||4|
Included in the staff cost and numbers are 2 employees seconded as minister or religion to sister churches.
No employee received remuneration amounting to more than £50,000 in the year.
15. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
|15. NET INCOMING RESOURCES/(RESOURCES EXPENDED)|||
|---|---|---|
||Year ended|Year ended|
|This is stated after charging|31-Dec|31-Dec|
||2023|2022|
||£|£|
|Depreciation of tangible assets owned by the charity|35,802|27,825|
|Accountant's fees|2,550|2,550|
## 16. TAXATION
RCCG House of Mercy is a registered charity and all of its activities are tax exempt under rules of of taxation granted to charities.
Page 15