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2023-03-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

Charity No. 1182696

Company No. 11871701

Trustees' Report and Unaudited Accounts

31 March 2023

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Contents

Pages
Trustees' Annual Report 2 to 7
Independent Examiner's Report 8
Statement of Financial Activities 9
Summary Income and Expenditure Account 10
Balance Sheet 11
Statement of Cash flows 12
Notes to the Accounts 8
Detailed Statement of Financial Activities 19 to 20

Page 1

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

NEWNESS OF LIFE

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 11871701

Charity No. 1182696

Principal Office

24 Piren Green Silverdale, Newcastle-under-Lyme Staffordshire ST5 6SX

Registered Office

24 Piren Green Silverdale Newcastle Under-Lyne ST5 6SX

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

Dr O. Babatunde, Pst. R. Ibrahim, Pst. A. Ishola, Dr (Mrs.) O. O. Shorun, Miss N. N. Molokwu

Directors of Corporate Trustees

Dr Opeyemi Babatunde, Mr. Rasaq Ibrahim, Mr. Adekunle Ishola, Dr (Mrs.) Omotayo Shorun, Miss Nkechinyelu Molokwu

Company Secretary

D. Shorun

Key Management Personnel

Opeyemi Babatunde Pastor Dominic Shorun Dr (Mrs.) Omotayo Shorun

Accountants

RAK ACCOUNTING SOLUTIONS LIMITED 11 Louvaine Close

Manchester M16 8SJ

Page 2

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

Bankers

HSBC UK

Crown Bank Hanley Stoke-On-Trent, Staffordshire ST1 1DA

OBJECTIVES AND ACTIVITIES

The purpose of the charity, as set out in its governing document, the Trust Deed of the Parish Newness of Life Christian Church Centre are to:

Provide worship, spiritual, emotional support consistent with the beliefs and practices of the Christian faith; Advance the Christian faith according to the principles of the Redeemed Christian Church of God Worldwide. This includes the advancement of education, community service and such other general charitable purposes in such parts of the United Kingdom.

Pursue activities that allow people in Staffordshire (Newcastle-under-Lyme + 50 miles radius) to express their faith, joy in knowing God and to enact and raise awareness of the love of God in the community; to relieve sickness and financial hardship, and promote and preserve good health by the provision of funds, goods or service of any kind through the provision of counselling and support in such parts of the United Kingdom or the world as the RCCG Council, from time to time thinks fit. The Church provides other charitable services, both to its membership and to the community generally. The aim is to show the love of Jesus Christ in both word and deed and to bring people into a closer relationship with Him as living Lord.

Summary of the main activities in relation to these objectives:

  1. Corporate gatherings for worship, prayer and mutual encouragement. This is central to the work and witness of the church. We have continued to provide well structured, enjoyable services in the year including series of teachings and enrichment seminars during our Sunday and Wednesday services. Prayer life of the church continues in every service and every Friday evenings provide further opportunities for church members to pray together for God’s leading and offer prayer needs for country, community, households, church family and individuals. By popular demand, the time period of our prayer service on Fridays have been extended from 30 to 45 minutes. Our meetings, seminars continue to be open to the public and are advertised through our websites and social media handles as open to the wider community.

Livestream and larger followership: All our worship services (Sundays In-person meetings have continued to be live-streamed over zoom and you tube. This has resulted in an increasing followership and worship community online. Members who could not attend in person service occasionally for various reasons such as being at work, or away on a short term from Newcastle-under-Lyme have also been able to continue to join or catch-up on worship on live or later on demand.

Our mid-week services on Wednesdays and Fridays have continued virtually via zoom. This hybrid mode of worship has enabled the church to:

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

2. NOLCC Connect Groups / Ministry teams

The connect groups that were set up in the previous reporting year which helped people to stay connected and feel connected are thriving. For instance, the married couple’s fellowship has increased in capacity with membership strength of up to 30 couples (up to 10 have recently joined the church membership).

The Ministry through an increasingly flourishing worship team held a worship Sunday which was widely publicised and well attended by wider members of the community.

The Multimedia team have been equipped to support our livestream and media productions, and publicity strategy. The team successfully launched and completed (in this reporting period) a new church website project.

The evangelism ministry has also been actively reaching out with the gospel consistently within the local community. Plans are in place to develop a wider evangelism and publicity strategy.

The youth group has also increased in capacity to 16 teenagers. In the reporting year, several group seminars, social/sport activity events have been held to promote spiritual, physical, and emotional development of young people in the church. Christian books and resources were also given to young people. The highlight of the year for the youth group involved a 5-day camping retreat at Staffordshire showground in August 2022, led by the Elim Church Limitless outreach. This involved over 2000 young people Nationally. Our youth group members who attended had a dedicated service to de-brief their very enjoyable life changing experiences and spiritual encounters to the whole NOLCC church family.

Other connect groups currently growing are related to service departments within the church and include multimedia, children and worship ministry.

3. Children Ministry

4. Pastoral Care

Our membership has been well cared for. We continue to offer practical help and support to church family and community by helping with food shopping.

Three new leaders were officially ordained in the ministry in October 2022. Two of these ordinations were calling into higher offices/ministry of assistant pastors.

5. Annual Conference & Training

Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

6. Community engagement & social responsibility and advocacy

The Church continues to play an active part in the life of the community, by donating to foodbanks and supporting the distribution of food to the less privileged in association with the Alice Charity and Newcastleunder-Lyme food bank. In addition, a substantial donation was made by RCCG NOLCC towards the “funding a family support worker” project by Alice charity.

Notably, RCCG NOLCC again ran the Christmas Lunch on Jesus CLOJ initiative. A national initiative to deliver quality food hampers to individuals, families and homes in communities across the UK who would otherwise face a difficult or lonely Christmas. We ran the initiative to deliver help to seldom heard groups/underserved individuals in the community in addition to using existing network of social care in Newcastle-under-Lyme council in conjunction with the council, the Aspire housing scheme and another local charity - Home-Start Newcastleunder-Lyme.

The church has continued engagement with council officials, and councillors to network and raise awareness about our charitable work but most importantly to also offer help for key issues. NOLCC continues to engage with churches together in Newcastle-under-Lyme.

7. Mission abroad

As with previous years, we continue to recognise and develop our part in God’s wider mission not only locally, but nationally and internationally, both within the RCCG and across denominational boundaries. We continue to support other RCCG initiatives in the UK and overseas mission causes through our giving to the RCCG Central Office.

A number of our members support specific charities and organisations such as the Christian Legal aid and UCB.

8. Prison Ministry

We seek to continue to work alongside Prison fellowship. We continue to support the prison chaplaincy, offering encouragement, and taking up prayer needs as requested. Our support of the Prison fellowship Angel tree initiative was increased in the reporting year.

  1. Volunteer stewards/workers. The Trustees would like to thank all volunteers for their invaluable contribution to the life of the church (charity).

Page 5

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

FINANCIAL REVIEW

In promoting Christian faith, the church has managed to generate a total income of £109,110 (2022 £68,206) through holding regular weekly meetings, and conferences.

It is the Trustees’ objective to build up sufficient reserves to cover three months’ recurrent expenditure. The church has opened a new bank account for this purpose. The church has now registered for the Gift Aid Scheme from the beginning of 2021 financial year and claimed a total of £17,147 (2022 £18,355) from HMRC as gift aid repayments. The church started Pay As You Earn (PAYE) scheme to pay employees wages. This is to enable the charity to be compliant with statutory taxes.

GROWTH AND CHALLENGES

The church continues to grow in numerical strength and activities. This is a welcome development and our need for a more suitable and permanent place of worship and base for our charitable projects is even more pressing. Equipment needs for various connect groups and activities as part of the church continues to be met. The church leadership continues in her bid to secure a suitable building for the ministry’s operations and activities.

PLANS FOR FUTURE PERIODS

PLANS FOR THE FUTURE

In furtherance of the gospel and proving pastoral care, we will continue to improve our operations and activities as above in furtherance of the objects of the church. This includes organizing conferences and seminars, to promote the Christian faith, married couples' dinner and regular leadership training. We will continue to offer welfare support to individuals within our congregation and the local community at large.

The Community Connection Programme

We will continue with our plans to develop Transformative community resource centre and the community projects we are currently running. We will continue to develop and create volunteering opportunities and engaging with our local community, statutory agencies and enhancing good working relationships with key stakeholders in the local community.

Missions

The ministry continues to support mission work at home and abroad.

training.

Connect Groups

Connect Groups must become a greater focus in the life of the church. They offer a way for people to be and feel more connected. We plan to create more bible study centres in the coming year.

Missions

We plan to continue to support mission work at home and abroad.

Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

STRUCTURE, GOVERNANCE AND MANAGEMENT

Newness of Life Christian Centre Newcastle-under-Lyme UK is a parish of and is affiliated to the Redeemed Christian Church of God UK. RCCG UK

Governing Document Approved governing document also known as The Constitution (Policies). Trustees

There has been no change to the trustee membership for the reporting period Organizational structure.

The main office bearers of the charity are the Chairman, Secretary (who are members of the Management Trustees) and the senior Pastors who are responsible for ensuring that the daily activities of the charity are in accordance with the charity objectives.

Risk Management and Trustees Meetings

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. It is considered by the Trustees that there is currently no foreseeable risk where “Newness of Life Christian Centre” is exposed. The charity’s financial system is adequate to ensure appropriate supervision. Non-financial risks are also reviewed. The Church charity now has 2 additional trustees. This will enhance our effectiveness & efficiency and help us deliver our charity objectives to the local community.

The Trustees have up to date information and are engaged in the activities of the church including finances, mission, vision, leadership, and direction of RCCG Newness of Life Christian Centre. Regular telephone and email correspondences were used in the reporting year to constantly review principal risks and uncertainties as well as get ad hoc advice on practical issues as needed such as the continued search for a prospective suitable worship center. The main office bearers of the charity are the Chairman, Secretary (who are members of the Management Trustees) and the senior Pastors who are responsible for ensuring that the daily activities of the charity are in accordance with the charity objectives.

The management of the Charity is the responsibility of the Directors who are elected and co- opted under the terms of the Articles of Association. This states that any person, being a member of the Church who accepts the doctrine of the Church, may be appointed to the board by the members.

Each of the appointed Trustees / Directors draws on specialist and professional advice for their area of responsibility. Each has received training and teaching to help them bring governance and direction to their area of responsibility.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board.

O. Babatund 09 July 2023

Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Trustees Annual Report

Independent Examiner's Report to the trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

I report to the charity trustees on my examination of the financial statements of THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows, and the related notes.

Responsibilities and basis of report

As the trustees of the charity (and its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Nii Otu Quaye

FCCA, FFA/FIPA

RAK ACCOUNTING SOLUTIONS LIMITED 11 Louvaine Close

Abbey Hey Manchester

M16 8SJ 09 July 2023

Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Statement of Financial Activities

for the year ended 31 March 2023

Notes
Income and endowments
from:
Donations and legacies
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2023
£
99,111
17,147		 Total funds
2023
£
99,111
17,147		 Total funds
2022
£
68,206
21,305
116,257
36,388
24,952		 116,257
36,388
24,952		 89,511
15,256
18,684
61,340
-		 61,340
-		 33,940
-
54,917
-		 54,917
-		 55,571
-
54,917 54,917 55,571
54,917
163,186		 54,917
163,186		 55,571
107,615
218,103 218,103 163,186

Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Summary Income and Expenditure Account

for the year ended 31 March 2023

Income
Gross income for the year
Expenditure
Total expenditure for the year
Net income before tax for the year
Net income for the year		 2023
£
116,257
116,257
61,340
61,340
54,917
54,917		 2022
£
89,511
89,511
33,940
33,940
55,571
55,571

Page 11

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Balance Sheet

at 31 March 2023

at 31 March 2023
Company No.
11871701
Notes
Current assets
Debtors
10
Cash at bank and in hand
Net current assets
Total assets less current liabilities
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
11
Unrestricted funds
General funds
11
Reserves
11
Total funds		 2023
£
214,503
214,503
214,503
214,503
214,503
214,503
214,503
214,503
214,503		 2022
£
10,000
153,186
163,186
163,186
163,186
163,186
163,186
163,186
163,186
163,186

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 31 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the

Companies Act 2006.

The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 03 July 2022

and signed on its behalf by:

O. Babatunde

Trustee 09 July 2023

Page 12

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Statement of Cash flows

for the year ended 31 March 2023

Cash flows from operating activities
Net income per Statement of Financial Activities
Adjustments for:
Dividends, interest, and rents from investments
(Increase)/Decrease in trade and other receivables
Net cash provided by operating activities
Cash flows from investing activities
Dividends, interest, and rents from investments
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Components of cash and cash equivalents
Cash and bank balances		 2023
£
54,917
0
0
54,917
0
0
-
54,917
163,186
218,103
214,503
214,503		 2022
£
55,571
0
(10,000)
45,571
0
0
-
45,571
107,615
153,186
107,615
107,615

Page 13

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

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 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts.

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts in previous years.

Fund accounting

Unrestricted funds: These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. Designated funds These are unrestricted funds earmarked by the trustees for purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through the terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.

Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities. where the benefit to the Charity is reasonably quantifiable, measurable, and material. Volunteers help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 14

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

Notes to the Accounts

Expenditure

Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value, which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 15

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities, and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

Page 16

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

Notes to the Accounts

3 Statement of Financial Activities - prior year

3Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
4Income from donations and legacies
Donations from Church
members
Donated goods, facilities and services
received.
Donations received 1		 Unrestricted
funds
Total funds
2023
2023
£
£
116,257
116,2577
116,257
116,257
46,963
46,963
14,377
14,377
61,340
61,340
54,917
54,917
54,917
54,917
54,917
54,917
163,186163,186
218,103
218,103
Unrestricted
Total
Total
2023
2022
£
£
£
99,111
99,111
68,206
99,111
99,111
68,206
Total
Total
2023
2022
£
£
99,111
68,206
99,111
68,206		 Unrestricted
funds
2023
£
116,257
116,257
46,963
14,377
61,340
54,917
54,917
54,917
163,186
218,103
Total
2023
£
99,111
99,111 99,111
Total
2023
£
99,111
99,111
68,206

Page 17

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

Notes to the Accounts

5 Other income

HMRC Gift Aid
Gateway-R Gwaaz
6Expenditure on charitable activities
Expenditure on charitable
activities
Governance costs
7Other expenditure
Employee costs
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs
8Net income before transfers
This is stated after charging:
Independent Examiner's fee
Other fees paid to the auditor or
independent examiner
9Staff costs
Salaries and wages
No employee received emoluments in excess of £60,000.		 Unrestricted
£
17,147
0
17,147
Unrestricted
£
35,948
440
36,388
Unrestricted
£
12,000
3,035
3,871
4,325
1,721
24,952
2023
£
600
1,086
2023
12,000
12,000		 Total
2023
£
17,147
0
17,147
Total
2023
£
35,948
440
36,388
Total
2023
£
12,000
3,035
3,871
4,325
1,721
24,952		 Total
2022
£
18,355
2,950
21,305
Total
2022
£
12,306
2,950
15,256
Total
2022
£
5,755
68
590
9,273
2,998
18,684
2022
£
600
1,548
2022
5,500
5,500

Page 18

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Notes to the Accounts

10 Debtors

Trade debtors
11Movement in funds
Restricted funds:
Unrestricted funds:
General funds
Total funds
12Analysis of net assets between funds
Net current assets
13Reconciliation of net debt
Cash and cash equivalents
1Net debt
014Related party disclosures
Controlling party		 At 1 April
2022
163,186
163,186		 2023
£
Incoming

resources
(including
other
gains/losses
)
£
116,257
116,257
At 1 April
2022
£
163,186
163,186
163,186		 Resources
expended
£
(61,340)
(61,340)
Unrestricted
funds
£
218,103
218,103
Cash flows
£
54,917
54,917
54,917		 2022
£
10,000
10,000
At 31
March
2023
£
218,103
218,103
Total
£
218,103
218,103
At 31
March
2023
£
218,103
218,103
218,103

The company is limited by guarantee and has no share capital; thus, no single party controls the company.

Page 19

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE

Detailed Statement of Financial Activities

for the year ended 31 March 2022

Income and endowments from:
Donations and legacies
Donations from Church members
Other
HMRC Gift Aid
Gateway-R Gwaaz
Total income and endowments
Expenditure on:
Charitable activities
Total of expenditure on charitable
activities
Employee costs
Salaries/wages
Staff training
Motor and travel costs
Vehicles - Fuel
Premises costs
Rates
General administrative costs,
including depreciation and
amortisation
Bank charges
Equipment expensed
General insurances
Software, IT support and related
costs
Stationery and printing
Subscriptions
Telephone, fax, and broadband
Legal and professional costs
Accountancy and bookkeeping		 Unrestricted
funds
2023
£
99,111
99,111
17,147
17,147
116,257
46,963
46,963
46,963
12,000		 Total funds
2023
£
99,111
99,111
17,147
17,147
116,257
46,963
46,963
46,963
12,000		 Total funds
2022
£
68,206
68,206
18,355
2,950
21,305
89,511
12,306
2,950
15,256
15,256
5,500
255
12,000 12,000 5,755
3,035 3,035 68
3,0358 3,035 68
3,871 3,871 590
3,871 3,871 590
216
4,015
440
94
5,990		 216
4,015
440
94
5,990		 51
268
300
416
7,917
321
10,755 10,755 9,273
1,686 1,686 2,148

Page 20

THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE Detailed Statement of Financial Activities

Other legal and professional costs

Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 1,686
18,684
61,640
-
54,917		 1,686
18,684
61,340
-
54,917
54,917
-
54,917
163,186
218,103		 850
2,998
18,684
33,940
-
55,571
55,571
-
55,571
107,615
163,186
54,917
-
54,917
163,186
218,103

Page 21