Charity number: 1176995
(England and Wales)
REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2023
REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Contents Page For the year ended 31 March 2023
Report of the Trustees 1
Statement of Financial Activities 2 Statement of Financial Position 3 Notes to the Financial Statements 4 to 6
Detailed Statement of Financial Activities 7
REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Report of the Trustees For the year ended 31 March 2024
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
3
OBJECTIVES AND ACTIVITIES
Constitution, Objectives of the Charity, Principal Activities and Organisation of our Work
The church started operating on the 1st of January 2015 under its present name: The Redeem Christian Church of God, His Grace Parish.
The Objectives of the church as set out in the Declaration of Trust are:
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(a) The advancement of the Christian Faith,
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(b) The relief of persons who are in conditions of hardship or distress or who are aged or sick and
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(c) The relief of poverty. The Church was involved in Christian outreach programmes designed to increase Christian awareness and to spread the Gospel of our Lord Jesus Christ.
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Development, activities and achievements in the year
The Trustees are pleased to report that the Church continued to be successful spiritually by ministering to many people.
FINANCIAL REVIEW
Review of the Financial position
The net incoming resources for the year amounted to a deficit of 2136.95, all of which was attributable to general reserves.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Charity registration number 1176995 Principal address 72 COTTAGE GROVE LONDON SW9 9NQ Trustees The trustees and officers serving during the year and since the year end were as follows: Mr AKINWALE A. OYELEKAN Ms MARIAMA KOROMA Ms OYINLOLA AKINWALE Rev OLURANTI AJAYI
Approved by the Board of Trustees and signed on its behalf by
Mr AKINWALE A. OYELEKAN
10 January 2024
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH
Statement of Financial Activities (including Income and Expenditure Account)
For the year ended 31 March 2023
| Income and endowments from: Notes Donations and legacies 2 Total Expenditure on: Charitable activities 3/4 Total Net income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 10,040 10,040 (9,946) (9,946) 94 1,278 1,372 |
2022 £ 8,682 8,682 (10,819) (10,819) (2,137) 3,415 1,278 |
|---|---|---|
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Statement of Financial Position As at 31 March 2023
| Notes | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Fixed assets | |||
| Tangible assets | 7 | 1,373 | 1,404 |
| 1,373 | 1,404 | ||
| Current assets | |||
| Cash at bank and in hand | 493 | 399 | |
| 493 | 399 | ||
| Creditors: amounts falling due within one year | 8 | --- | (525) |
| Net current assets | (1) | (126) | |
| Total assets less current liabilities | 1,372 | 1,278 | |
| Net assets | 1,372 | 1,278 | |
| The funds of the charity | |||
| Unrestricted income funds | 9 | 1,372 | 1,278 |
| Total funds | 1,372 | 1,278 |
For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance
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with section 476,
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The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
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records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mr AKINWALE A. OYELEKAN Trustee
10 January 2024
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Notes to the Financial Statements
For the year ended 31 March 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
2. Income from donations and legacies
| Unrestricted funds Donations received 3. Costs of charitable activities by fund type Unrestricted funds EVANGELISM 4. Costs of charitable activities by activity type Activities undertaken directly EVANGELISM 1.Net income/(expenditure) for the year This is stated after charging/(crediting): Depreciation of owned fixed assets |
2023 £ 10,040 10,040 2023 £ 9,946 2023 £ 9,946 2023 £ ---- |
2022 £ 8,682 |
|---|---|---|
| 8,682 | ||
| 2022 £ 10,819 2022 £ 10,819 2022 £ 535 |
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Notes to the Financial Statements Continued
For the year ended 31 March 2023
2. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activities are for unrestricted funds.
7. Tangible fixed assets
| Projector | Furniture and | Computer | Computer | ||
|---|---|---|---|---|---|
| Cost or valuation | fittings | equipment | Total | ||
| £ | £ | £ | £ | ||
| At 01 April 2022 | - | - | 600 | 600 | |
| Additions | 420 | 179 | 625 | 1,224 | |
| At 31 March 2023 | 420 | 179 | 1,225 | 1,824 | |
| Depreciation | |||||
| At 01 April 2022 | - | 150 | 150 | ||
| Charge for year | 100 | 45 | 156 | 301 | |
| At 31 March 2023 | 100 | 45 | 306 | 451 | |
| Net book values | |||||
| At 31 March 2023 | 320 | 134 | 919 | 1,373 | |
| At 31 March 2022 | - | - | 1,404 | 1,404 | |
| Creditors: amounts falling due within one year | |||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Accruals and deferred income | ---- | 525 | |||
| ---- | 525 | ||||
| Movement in funds | |||||
| Unrestricted Funds | |||||
| Balance at | Incoming | Outgoing | Balance at | ||
| 01/04/2022 | resources | resources | 31/03/2023 | ||
| £ | £ | £ | £ | ||
| General | |||||
| General | 1,278 | 10,040 | (9,946) | 1,372 | |
| 1,278 | 10,040 | (9,946) | 1,372 |
8. Creditors: amounts falling due within one year
9. Movement in funds
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Notes to the Financial Statements Continued
For the year ended 31 March 2023
Unrestricted Funds - Previous year
| Unrestricted Funds - Previous year | |||
|---|---|---|---|
| General General |
Balance at 01/04/2021 Incoming resources £ £ 3,415 8,682 3,415 8,682 |
Outgoing resources £ (10,819) (10,819) |
Balance at 31/03/2022 £ 1278 |
| 1,278 |
10. Analysis of net assets between funds
| Unrestricted funds General General Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 1,373 (1) 1,372 |
|---|---|
| 1,373 (1) 1,372 |
|
| Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 1404 (126) 1,278 |
|
| 1404 (126) 1,278 |
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REDEEMED CHRISTAIN CHURCH OF GOD HIS GRACE PARISH Detailed Statement of Financial Activities
For the year ended 31 March 2023
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENT | ||
| Donations and legacies | ||
| Donations | 10,040 | 8,682 |
| 10,040 | 8,682 | |
| Total incoming resources | 10,040 | 8,682 |
| EXPENDITURE | ||
| Charitable activities | ||
| Cost of direct charitable activity | (9,946) | (10,819) |
| (9,946) | (10,819) | |
| Total resources expended | (9,946) | (10,819) |
| Net Expenditure | 94 | (2,137) |
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This page does not form part of the statutory financial statements