THE REDEEMED CHRISTIAN CHURCH OF JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 CHARITY NUMBER 1167091
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 CONTENTS Page Contents Rcf¢ren¢¢ ¢ind Admini%lrdtivc Dcluils Trn%tee%' Rcport Indcpcndeni Examincvs Report Statemeni of Financial A¢tiviti¢s Balancc Shcct Notes tc) thc Financial Statcmcnts
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESU5 SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 LEGAL AfiD ADMINISTRATION INFORMATION Truslees FLYI.ra AkinwuttEi Modupe Orimogunjc Emmanucl OIJON'C Akin Akiniola Church address Unit 301 & 302 L? Hou%c. Kingjsheath Industrial Estate. Heathficld Way Bankers HSBC Bank 19 Midsummcr Placc Milion Kcyncs MK9 3tiB Independent Examiner Nathan CJracc l.ld 6 Hi)m¢.%tedd Lane Buckingl)atn MKIX?RU
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GODJESUS SANUARy NORTHAMPTON
FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
TRUSTEES REPORT
l-hc iru%tces prcscnt their annual rcport and thc finarkcial slatcments of 'l'he RedccTncd Chri%tia]I
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coiifirm ihat ihc Annual rcport and financial slaicmenL% of ihc chdritablc Cornpiiny Lotnply with
thc currcnt SIat0ryr¢qlllTcl17et1l., Ilic requirctncnl% of thc ch(Iril1blC company'% govLming
documeiit <tnd ihe provisions uf ihL StalLm¢nt of RceommLftdtd Practice ISORPI dpplicable to
chariiic4 pr¢pdring th¢ir dLLoiinl.% in LICLordallcc 'th thc Finncid] RcpviliR¥5 Si<it]dar
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANaAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 TRUSTEES REPORT Governance and Internal Control The Trustees have the general oversi¥ht of the activities of the Charity through the setting up of stratcgic dircctions for the Charity and tncet statutorily twice a year to review and set diiections fc>i the Charity. While the day-to-day njnning of the Charity is undertaken by the Parish Pastor. the trustees are Consulted as at and when required Financial Activitie4 Xnd Re5lllts Th¢ nct incoming r¢sourc¢s f(Ir the year amounted to ££33,400 Reserve Policy: li is th¢ policy of the charity to maintain unrestricted funds, which are reserves of the charity. This provides sufficient fund5 to cover any cm¢rgen¢y cxp¢nditure that may arise frorn time to Risk M¥4nagement The eharity has assessed all the major risks to which the charity is exposed to, in particular. those related to operation and financ¢s of the Charity and ar¢ satisfied that syst¢ms or¢ in pla¢e to miiigate exposure to major risks. Trustee Responsibilities Th¢ Charity Act 2005 require.% the sleeS to prepare a statemet]t of accounts for each accounting year which gives a true and fair view of thc statc of thc church. Thcy arc rcquircd to.. I Select suitable accounting policies and apply them consistently. 2 Makc judg¢m¢nts and ¢8timatcs that aT¢ rcawnablc and prudont. 3 State whether the applicable accounting Standards have been followed. 4 Prepare financial statements on the going concern basis. They are responsible for keeplng proper records whieh disclose with reasonable accuracv of the fJnan¢e8 of the church at any time and 'to ensure that queh aecounts comply wiih the Ch8rities Act 1993. Th¢y also hov¢ r¢sponsibility to saf¢guard the asscts of thc church and to iakc reasonable steps to detect fraud or othr irregularities. Approved by the Tnjstees on 18 September 2024 and signed on their behalf by Modupe Orimogunje
CHARITYNO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIALsfATEMErirs Af4DTRUSTEES REPORT FOR THEYEM ENDED31 DECEMBER 2023 INDEPENDENT EXAMIN'ER'S REPORT I rcport lo th¢ charity tru$t¢cs on my cxamindLion LTrfihi accounts of thc chariiy for the ycar cndcd 31 1X"cber ?023 wliich aTL'.%CE uul un p&¥Ls 7 10. Respetlive re%punsibilitie5 of trustees eX?er The tn]stees of thc Chariry are re%punsible for the prepiifGltivn of a¢¢ounib. They consider thai the audit requir¢mcni under tiOn 4312) of thc Charitie% Act 199i doc5 not apply. li ib my r¢sponsibilily IO". Examine the aLcount% under %eLliun 43121 ()I' lh¢ 199.3 ALI. Follow th¥ proledureb laiLI in the genLral dEreLtson4 given by the Charity Con]rttissioners made under &ectioll 43 17) Ibl ()f th¥ 1993 Act. Std¢e whether partlLuldr maiter.% have come to my attention. Basis of Indcpendt'nt Examiner's report My examinarion calcd out in accordance with the general directions given by the aritY Commisston and 1.% ltt (t¢ii)rddnce iviih Rcgulaiion of Ihc charity Aciuuni ?006. Thc cxaTniRation inclu(Ic% a rcviciN ol'the aLLOUlItII]bJ Fe¢i)rd% kept by IhL Llidrity dnd a Lumpdri%on ()f Ihe dLLI)unts pre.%enled i¥'irli Iliu%e ieiord%. It inLlude% Lonsideialiun of any unusual items or di5LIosure5 in the aLLI)UJlls and %eekillgi expldlldllUll% fruin you a% InJ.siees conLcrning any $ih mattcrs. Thc procedures ulldertaking do not proi'ide all the evi(len¢e that would bL r¢quired in an audit. aiid Lonscqucntly I do not CXPTCSS un audit opinion on thc vicw by ihc aL¢(iuiIL4. IndependeRt F.Kaniiner s stateinent ID Ihe iiiursL ofTlly t'XdmIllÉilI1)n, nii tlldllL'r LOML lu my dltLniiun'. I IIIiiLh STive5 me reasunabl¢ L<iu%e l(? beli¢¢ Ihdl. In any mdieriAI d%peLI, the trustees have not mel the requir¢menL% to en%urt tliat.. Proper acc()unling reiL)Td% dre kci)t In dLLI)rddnLe with seLljI)n 41 ()filie I gy3 ALt anJ.%eLlton 44 {11 lal of Ilie 2005 ALI Rcbiuldiion 4 uf lh¢ ?006 ALLiTrun are prepdred whiLh wtth ihe aeLOi)niinLT recoril4 and comply with the accounting requireinenL% of the Act.. or 2 To 'h]Lh, iii MJ opinioii. attention should bc drawm in ordcr to cnablc a Propcr undci.51andiiiiy ofthc dLLvunt% Iv bL fLdLhLd. Mr. OlufLmi Oyetunde IFCCAI NA"I'FIAN Glb¥C'L L'I'D Signaiure....................................... Date.. .18 Scplember 2024
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD Jesus SANCTUARY NORTMAMPTON FINANCIAL STATEMENTS AND TAUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR EYDED 31 DECEMBER 2023 Unrestricted Restricted fund funds 2023 21123 Total funds 1 2023 Prior Note year 2022 Inenme And endowments from: Doniiiioll5 and Itbiacies 121.966 16.674 138.640 120.034 Total Income 12J.966 1&674 138,640 120,034 Expendilure on: Rai.%inb fund% Ch#rilable activitie 107.241 107,241 94,264 Total F,xpenditure 107.241 107241 Net Incomel(r.ypenditure) 31.400 25.77 Total funds brought forward I IX.949 1.5?5 12D.474 )4.704 TolulfMnd.s Larriedfonvard 133,674 18.199 151,874 120,474
CHARITY NO 1167091THE REDEEMED CHRISTIAN CHURCH OF GODJESUS SANcfuARY NORTHAMPTON F114ANCIAL STATEMENTSANDTRUSTEES REPORT FOR THE YEAR ENDED JI DECEMBER 2023 BALANCE SHEET AS AT 31 DECEMBER 2023 Noic 2023 2022 Fixed A55ets Current assets other Current Assrf5 Cash ai bank and in hand 4.452 150,690 5,052 Total Current Atsets 155.142 127,403 crltors. arnount5 falling due wlthin a yegr Toi*l Net Asjets 120474 Funds Reslricied funds Unre%tricted fi]tLds 18,199 133.674 1,525 118.949 Toial bunds 151874 120474 The company was entlLled to exeTnption froni audit und¢T s477 of the Companie5 Act 20(16 reiaiing io small companies. The membeys have not requir the cotnpatty to obtath an audit in accordance with stttion 476 of th¢ Companies Act 2(X)6. The directors acknowledg¢ th¢ir r¢sponsibiliri¢s for complying with Ihe requiTa))ents of the Companie5 Aci wth rwect lo accounting records and the preparation of accounts. These accounts have been prepared in accordance with the PTOViSiOnS ttpplitable to sttwll COTr4)ynies' subj1 to the Small comparties. rwme and in ae¢oTdance with FRS102 SORP. SI¢d on behalf of all the trnsiees .Date'. .18 S¢pl¢mb¢r 2024 Modupe orirwgnJt
CHARrrY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GODJÉSUS SANcfuARYNORTHAMPTON FINANCIAI STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER IOZ3 NOTES TO THE FINANCIAL STA TEMENTS FOR THE YEAR EYDED 31 DECEMBER 2023 l Bas1$ of Prtpartlon l Ba18 ot dccounling "rii¢K aci(>unl% have been drawn up b¥ed on goittg cunlcrn and Ihc finanLial ststetnenis prepared undLr thL Thcs¢ dLLuunL% hai'c bccn prcpaTcd undcrtlic historical cost ¢iMiv¢ntion with Itcin% rccogni%cd at ¢(kst or tranvction valuc unlc5s oihcTWiS¢ siaith In Ihc rLlcvani nvtclil to Ihcse a¢¢oullts. Thc accounL% liai'c bccn prcparcd in aceor(fancc wih-. the SiaELiiicnt uf Rciuillm¢lld¢d Prd¢tlLC.' AILountinkY RLPOrting by chrille prLpdrinL III¢iT aLCuun in dLivrdJnLL Ii'iili IItL FinanLidl Repurtingw Sundard applicabl¢ in th¥ LK and RLpubliL of Ircldnd IFRS 1021 l%sued on 16 July 2014 with Ihe Chariiics ALI 2UI I. 2 A¢countin% Polities 2 RiUULrnllivn ul'lnLunie -rhe%e iniludld in thc Siaiimeni of FinanLial AIliviLiL'% ISOFAI when.. • tli¢ charity bccomcb intillcd 10 th¢ rc50urccs'. it Ib more lik¢ly ihati noi Ihdi Ilic IruslL'es wll rcL¥ive the resoufL¢S Ilie inone14ry value Ldn b¢ measur¢d ivith buffiLieni rL'litsbility. 2 Expcnditurc Liabilities 3Te recognis¢d wthere it is nK)rc likLly Ihan not Ihai thcTe is a Icgal or constnKtive obligaiioii iommilling IhL ChLY iu pas. rcWurC¢ and thc amount of thc obligaiton bc n]LasurLTrd with c¢ttsinty. 3 lthcome L.ntt'5trlttcd Re51riete fund AJJalysi5 of income 2023 2022 'riihL Offtriiig Gift Aid Reclaim Buildinbk Thanksgivni Oih¥r dLTrndliun% Ini'tsiiiirnt InLume 79,113 18.231 19.787 79,113 18,231 19,787 16.674 81,352 17,673 17,600 1,400 16.674 3,503 24 3,503 24 621 Tot31 InLomL' 121966 16,674 138.640 120.034
CHARrrY NO 1167091 THE REDEEMELICHRISTIAP4 CHLIRCH OF GOI)JESUSSANcfiiARY NORTFLAMPTON FINANCIAL STATEMEPITS ANDTRUSTEES REPORT FOR THE YEARENDEts31 DECEMBER 2023 NOTES TO THE FIN.4NCIAL STA TEMF.J'TS FOR THE YEAR ENDED 31 DECEMBER 2023 4 Expendilure F.Xpend]turL C.haril¥blc.4cllvil Llnrestrieted futtds Rcstrict¢il lunds 2[123 2022 Charitèble Cot)tributions General Admin Expen5e5 Church Event5 Church Supplies Equiprnent- Purcha5e/Hir Htrnorarium & Gifts Leg31 & Professional fees Meals Personnel Costs Rent & Accommodation costs Repair and maintenance Telephone & Internet Travel Website costs Welfare 24,132 24,132 611 4.U17 3.335 1,243 Y.825 7.0¥3 2.613 10.50.3 34,?7¥ 21,233 926 11,109 947 7,306 9,385 275 351 10,700 26.820 865 752 263 232 3.100 4,017 3,335 1,243 9.825 7.083 2,613 10,503 34,278 323 1,138 401 3,038 4.623 401 Total Expendlure 1117 241 94.264 S Othcr CurrL'Mt A55ets 2022 2022 Oeposit other Current A55etS 2.252 ?.2 ?.8ou 6 Credito. amounts falling due ytithin a vear 2U22 21122 Accruals Other Current Llabilitles 1.362 1.9tJ6 i.285 1.643 3,26B 6.928 7 loveMent in 31 De¢enJbe 01 Jgnyar). 21123 Outkiuln# RL'wufLI'S Re%ource¥ 2023 Restricted Funds 1,52S 16,674 18.199 Unrestricted Funds Genera1 Funds 118.949 121.966 IC17,?41 133.674 120.474 138.640 -107 241 141.¥74 io