Compan5, 1'eEistraiion nutnbei.: 12012176 Chai'ity registi?tion nuniber.- 1184375 Redeemed Christian Church of God (RCCG) Kings Court Chapel {A company limited by guaiantee) Annual Rep011 and Financial Sialemenls for the Ycai. F.nded 31 Decetnbei. 2023 Micliael J Emery & Co Limitcd Cliarlered ALcuuntr4niS 22 Si Jolin Sii'eel Ncwpori ljagnell Buckinghamshsl'e MK168HJ Redeemed Cliristiaii Chiirch of God (RCCG) Kings Coui't Chapel Coi)teRIts Reference and AdniinisÉi21ive Details I'L'USt¢es' Ilepoi'i 2104 sta￿ment of TTusthes' Responsibilities Independenl ENamiiiti's Report 6107 Statetlleni of Finart¢ial Activities Balance Shee¢ Notes to thc Fit]ancial Siaten)enis 101020 Detailed Statement of l.'inancial A¢tivill¢S 21w23 Redeemed CliristtAJi Chui-cli of Go(1 {RCCG) lalance Sheet date lotal tunds sland at £875,008. The ivholc of thi% a￿OUnt repi-¢se1118 unitsti'ietcd fiinds, 21ihoiigh £i86.Ola 11&8 been specifically de%ign8tcd foi. the purch￿ ora firehold property to be used 8S t]ie cliariiy's m8in pi'eniises Iwhere core activities will be undeitaken). -I'lJe iiiajDI'ity ol-tlieqe fund.R al'e lield in highly liquid cui'i'ent and dtposil accounts. Total funds includes £44,595 of tangible fIx¢d &ssels whi¢h al-e used to faciliiate Ihe cliaYiry'8 main aclivili&%. Policji oil reserves Tlie Ti'ustees al'e aivare ol-lhe requiremeni io liave a iEseives policy in place 2nd ivill develop a policy LIMI tneeis Ilie pe¢uliar cii'¢umsiances ol'the th￿.115,. Priiiciplllliiiidliig soiiiees c.u￿n11y, th¢ principal funding 8(>urces ot tl)e chai'ity are tiom donations madc by lis volunteci'5 and me]iibers. Page 2 Redeeiiied Christian Cliui'ch of God IRCCG) Kings Court CIIApel Ti'usteesl Report Plgiis for fllture periods Aiiii& &iidkeJ¥ ubje¢iiveJforfiiiiiiÉperiorfs l-lie chai'it>' will continu¢ to focu% on missions and community OUtIEach. Ive Ivill contlnue to Seek sti?iegi¢ artd ¢ollJboi?iive relaiionsljips ivith otlier local ¢omrnunity organisaiioiis as a means of acliieying the objeeiives ot. the chllrch. Lmplo)rment and education i'cmain important ii)uns of iElieving poveity and to that end, i¥e ivill oj'gat)ise ¢onferenees and semit]ais to equip nTrembei's ot'ilie Ioc21 cojiiniunily iviih skills relevant loi- securing einploynienl. 'I'he charity 15 a¢iively seai'ching tor a pcimancnl e5tablishmeni foi. hey operatioiis ￿ts1¢h will involve the acquisition of a site Ifreeholdl to fuithei. its coir aciivilies. StructUl'e* gov¢J'n8n¢t and N￿lI￿re ofgovernlFi£ dociiiiiepil Thc incoi'poi'ated charity 1.% Contiolled by IL8 governing document5. the aTti¢les of association and menioralldum, vhich were created on 22 May 2019. Recriiiliiieiil (Eiidfjppoiiilirteiii oJÉi'ii.siees Trustees ale elecled and co-opted under Ilie leriiis of Ilie governing do¢umenlS. Jjidiieiloji nrtdlpaiiiiiig ofir11￿lee￿ Any neiv trnstee will be given an IindeTsianding of Ihe charitys objcctives alld the requiiemenls of ihe Chai'ity Collimission. They are also encouraged to attend appropi'iate exiemal 112itting events ivliei'e tliese M'ill facilita￿ the undertaking of dieii. role. Arpaiigeinentsfor seiiliig key iiittiittgÈipieiilper&oiiiiel rtipiii4ér&iioJi The "frustees detcrinine thc pay of key manaocmcnl pcr%onnel by reviewing Ihe perfoiThance of the previous rinan¢ial year. The gowth in income and attendance are some of the criteria considere(l in setting ilie sal￿7 level. Orgrtiil$8ilondl.icriiclffire The cliuirh 1% organised %uch that the day to day Iwnning of the cliurch has bccn delegated to ihe senior Pastor and the c.harity Managcr. The TrLlStees aye consulted on all niatei'ial issues an(1 de￿[Inine the siraieEiC direction of tlie charity. Tjustees meet forrnally twice a yeai., oi. as requiiEd ￿ review Ibe i)peiations of Ihe chai'ity. Page 3 Redeemed c1￿18￿￿n Church of God (RCCG) Klng8 Court Chapel Trllstee8' Report Relationship5 Jyjth related partlej Names ofrelated partles Red¢cmed Christian Church of God (RCCG) RCCG Kithg8 Court ChApol- Charity llo. 1111874 See iiote 19 to th¢ finallcial statsments forfi￿hff explanation of relatedpaty r¢latiOll8hips. ObJ¢tlives andpolicies tth the opinion of the trnst¢es. the cbllritys #Ctivities do notcreate sigllificant exposure to fjnftn¢l￿ iisks. How¢v¢r. thc tru5ttts are Milld￿l that cir¢iim5tall￿s can ¢hange at￿ meet r¢8ulaTly to identify any ¢m¢rging fJnanci21 risk5 and t¢ de¢ide llpon appropriats risk m8na8em#llt policies. Cushjlow risk Interest bearing asset5 and liabilitiEs are held atfiX￿ ￿te to ensuT¢ certainty of cash flow& Creditri&k The eh8rity's pritKipal f￿•￿¢1￿ 8ss2ts are balances llnd caslL The credit risk on liquid fund8 is limited b¢caust th¢ Count¢ipJrti￿ are bank8 With high credit-ratings by intsmalioD&l credit-ratitig agencies. Llqiildlty rl&k Liquidity rhsk is mitigated by the fact that the charity ¢urr¢ntly ha9 8ub¥tantial T¢sery¢s. The rnajoiity of these r¢strves are beld as liquid wbi¢h ean be 8w¢ss¢d ]￿ll￿diately to ll￿¢t the on80ing rash flow r¢quiremeDts of the ¢b8rity. The Anttual rcport W8s arvrovedby tbe trustCC8 of the cb&r&ty ott.. Si￿ed Im its beha]f by.. Mr3 OmobolaDle Sarah WilliBm8 Th]stee Pa8e 4 Rede¢med Chrlstian Church of God (RCCG) Iljngs Court Chapel Statement of Trustee8' Responsibilitles The trustees (who are atso the directors of Redeemed Chri$tiart Cburch of God (RCCG) Kings Court Chapel for the pwposes of company law) are responsiblc for pr¢paring the ttustees, report and the fillancial stateuThts in aGcotdance with the United Kingdom Accounting s￿￿lards {Uiiited Kingdom Oencrally Accepted Accounting Prd¢ti¢¢l atkd app1k￿b]e law alld ￿gUlati￿n8. Cornpany llw requires the tru8tees to prepAre fin8llcial 8t&iemetts for each fmancilll y¢ar. Und¢r ¢ornp8tty IHIV th¢ tr￿tee$ must not approve the finAn¢ial statements ￿nIes5 they are 5at15fied that they giv¢ a ttue ond fair view of the st2te of affairs of the charitable coJJJpany and of its incoti]ing resources and #pp]icatioo of resour￿, itt¢luditig it8 income alld expenditure. forthat period. In preparing these fittattci81 Stslements, the trustees 8re required to.. Select suitsble accounting policies and apply th¢m consistently. observe the method3 Jnd principl￿ iThth¢ Charitie8 SORP. m8k¢ judg¢n)eJts atm] estirnate5 that art r¢ason&ble and prudent,. 8t8te whether Applicable UK Accountlll8 Standard$ have been follow¢d. subject to omy maierial deparhw¢s di5clo8ed and expl8ined in the fiDaD¢ia] 51ate]netsts' and preparc the finAn¢ial 8taternents oll th¢ going ¢onc¢rn b￿]8 unlus it is inappropriale to pKsum¢ that the ch￿1t&ble company will continue in bus1Th￿. The trustees are responsible for keeping ad¢quate accounting re¢oYd8 that are sufficient to show and explaiTJ the charitable ¢oxwy$ tran5action8 and di8cIo8e v/ith r6a8onable ac¢w at ally time tbe fittaDLial p05jtion of the cbarilable conJp9ny 4nd enable tl*m to ensure thllt tlle financial slalements comply Trith the Cornpallies Act 2006. They ar¢ also r¢spO￿lb1e foi ¥afrguarding the assets of the ¢haritable COTllpany And he￿¢ for taking Tea80nable 5*ps for th¢ pr¢v¢ntion and dctrction of fraud and ot}￿ irreguiAritie8. ApproY¢d by th¢ Iruste&s of the Gb4rAty ort Z61c4 li.* $I￿ed ollits b¢hdf ty. Mrs Omobolaule Sarahwilliams Trt￿tte Page S Redeemed Cliristian Cliui-ch of God {RCCG) Kings Coui't Chapel Indepeiidellt fi xamiiiei s Repoi't to tlie tj'ustees of Re(leeiiied Chi'i$tian Chui'cli of God (RCCG) Kings Coui'l Chapel Irporl 10 tlie cliarily li￿SIteS on Iny exaiiiinalion of ili¢ account% ol. Ilie cl)ai'ity tor Ilic year ended 31 neccmb¢r 2()23 whicli are set out i)n s)ages 8 10 20. Respective iT5ponsibilities of trustees And exaJJ]iller As tlie Lliai-ily's Ii'usiees ot. Redeeiiied l.'hi-i.slian Chui'ch ot'God IRCCCJ) Kings Court Chapcl (and also its dirccior8 for ihe purpo8e.8 of coinpany law) you are I'e.%iwnsiblc foi. tlie piEpai?tion of the a¢couniS in a¢cordan¢e ivith the rcquii'eiiienls ot the Conipanies Aci 20061'tlie 2006 Act'l. Having satisfied myself ilial Ilie account5 of Redeeni¢d Christian Chuirli of God IRCCGI Kings Court c.hapel ale not iequiied to bc audited undei. Part 16 1)f the 2006 Act and arc cligible for independeni evn)itiaiion, I repori in respect of m). exwninaiion ot'youi. cliai'ity's IlLcounls #s cai'ried oui under section 145 of the Charities Act 2011 l-thc 2011 ALI'I. In e&Yrying out my examinatioii I liave lolloivcd Ilic Dii'ectioiis givcn b), Ilic ('liaTity Coiiiixi.gsion under seelion 145(51(b) ol'the 201 l Act. In(lependent exarninei. 5 5tAtemeiit £iiiee Rtdetmtd Chri.%lian Cliurcli ot Clod IRCClil Kings c.ouri Chapel's gl'oss income exceeded £250,000 your examinei. mu8t bc a nicmber ot a bL)dy listed in section 145 of ihe 2011 ALI. l Loiifirim Ihai l am qualifjed io underiake thc exainination because l am a mem￿. of ICAEW, Ivhich 15 one of ilie listed bodies. I have comi)leted my exaillination. I confitTh thai no matteiE have come to my attention in Conneciion with the cxamination giving me cause to believe.. accounÈing records ivere not kept in respect of Redeemed Cliristiatt Chui'cli ot. God IRCCG) Kings Courl Cliapel as requii'ed by seciion 386 ot the 2006 Acl,. or tlie accounts do not accoid with those IEeoi'ds,' or 3. the accounts do not comply ii'iih the atcourtting requirements of scction 396 of ihe 2006 Act ather ih8tJ any rcquircmcnt that tlie accounts give a 'ii'uc and fair vieiv, whi¢h is rtoi a mattel. consideiEd lls part of an independent examinaEion', or 4. the accounts havc not becn piepared in a¢¢oi'dan¢e with the methods and principles of (lie Sthteineni of Recojnmcnded PracliLe for a¢¢ouniing and IEporling by charities 14ppli¢able ¢0 clidriiies prepai'inE their c¢ounls iii aeturifance ii'iili the Financial Ilepoi'ting Standard applitablc in tile UK and Ilepublic ot. Ireland (FRS 10211. I have no concerns and hav¢ come atross no oihei. Inatters in connectioii ivith the cyamination io H,hich attention should be drawn in thi.% report in ol'der to enable a propcr undcrstallding of the ac¢oLints to be reached. Page 6 Redeemed Cllristian Chui'ch of God (RCCG) Kings Coui't Chapel Independent Exaininei's Repoi't to the ti'll.qtees of RLdeenied Cl)i'i$tian Church of God (RCCG) Kings Coui't Chapel Micliael ryACA 22 St Jolin Street Newpoit l)1lgnell RuckinEharnsliire K168HJ Dale.. Pagt 7 Redeemed Christiaii Chui'ch of God {RCCG) Kings Coui't Cliapel Stalemeiit of fi inaneÉ&l Activities foi- tlie Yeai. Ei iided 31 Deccmbei- 2023 (Including Income aii(l F.xpenditure Aceouill and Statenlent oft'Tulal Ilecognised Gains and L05se5) Uijj'estricted funds Totxl 2023 Total 2022 Note lrtcomt And Endowmellt5 fi'oiii: Donil1ioii% and legacics Chai'iiable activities 627,461 3,803 627,461 3,803 373,8V) 1.275 Tot21 incomc 631.264 631,264 375,084 I xpcnditui't (bn: 1434,7751 1434,7751 367,8711 'l-olal e¥pendituit 1434,7751 1434,7751 1367,8711 Nel in¢ome 196,48Y 196,489 7,213 Nel Inovenient in funds 196 1189 196,489 7.213 Reconciligtion Off￿ndS Total funds broughi forwai 678,519 875,008 678,519 671,306 Total funds caii'icd foTh¥ard 16 875,008 678,519 Thc fund5 breakdown for 2022 is shown in note 10. Page 8 Redeemed C1￿￿￿all Church of God (RCCG) Klngs Court Chapel (Reglstr&tloll number: 12012176) Balance Sheet as at 31 Decewber 2023 2023 2022 Flxed as8ets TaT)giblc &55ets 12 44.595 32.337 Current 2ssets DebtOlB Cash it bank and in hand 13 94,500 773 818 36.625 633,831 868?18 670,456 Credltom: Amowits f8llillg due wlthSn olle year 14 7.905) (24,274 Net ¢urr¢nt 98$ets 830.413 646,182 Net aS8¢ts 875,008 678,519 Fwid& of tbe ensioll5 #nd other po%t retii'emeni Thbllgxtlons -I'l)e charity Ittakeq e(Jnii'ibulions into a detined conli'ibution pension sclien)e tor the benefil ol- ils employees. Conti-ibulions payable lo the pension scheii)e al'e reLognised itt the statemeni of finaiiciol aetiviiics in tlie period that the benefit eained by the eniployee. Any pension henelii8 cained birt not paid inio the %chernc at tlie balance slieet date ale I'tcogntsed as a liability in tlie balance 8lieet. Page 12 Redeemed Chrityliaii Chui-cli of God (RCCC.) Kings Coui't Chapel Notes to tlie Financial Stattineiils foj. the Yeai. F.iided 31 December 2023 3 llleomt fi'oni IlonHlions artd legxcies fund$ I'otal 2023 Total 2022 Get)¢i'al Donatiohs and legacies- Donaiions from irtdividiJa15 Gift aid Te¢laimed 505,528 121,933 505.528 121,933 373,809 627,461 627,461 373,809 4 Incoiiie from thgl'itable a¢tlvfitles Unre5ti'ieted funds Total 2023 Total 2022 Gellei'al Missions Events, seiiiinal￿ and Conferences 368 3,435 308 ,275 3.803 3,803 1,27) S Expenditui'e on thai'it&ble attivltles Aetivity undertaken directly Attivlty supyoi't eost5 Total 2023 Totxl 2022 Physical and si)iritual needs 293,421 141.354 4J4,775 367,871 £434.43312022- £367,871) of tlie above exi)enditure iva% ottribulablc to unyeslricted funds and £Nil12022. £Nil} to reslricied fiinds. Page 13 Redeenied Cliristian Cliurch of God {RCCG) Kings Coul't Chspel Notes to tlie Tr illaiicial Stateineiils for the Yeai. F,nded 31 December 2023 6 AnAIy515 of expenditure on th%vit&ble Retivi¢le$ Expeiiditui'c oil xttlvities undertttkeii dirtctly Uiii'estr5tted runds TotAI 2023 Total 2022 Geiieral Oiliei. gi?nts lo RCCG Wages and salai'ies So¢ial securily ension.s Ti?lllin& books, conferences and seiiiinais Welfare expcnscs Holloi'ariuirt Tcclini¢al dep￿.1ment expense5 Junior church expenses Music and choir cxpenses Word and sound Teen cliur¢h ¢xpen5es RCCG woi'ld evang¢lisin mtssion Advertising Travel (ind other e.xpens¢s Motor eYi)ensc5 Ouli'each work 3,475 95,094 5.199 1,929 3,475 95,094 5,199 1,929 1,5 87.780 4,077 1,868 3,390 2,964 10,427 576 2,098 30,848 3.214 3,214 11,382 192 2,850 16,718 681 7,849 95,751 378 28.092 7,496 192 2,850 16,718 681 7,849 95.751 378 7,168 69,840 297 6.232 4,550 3,271 28,092 7,496 293.421 293,421 236,886 Support tosfs allocatcd to cliaritable 8etivities P￿clIk1Ses cost. Adiijijiistratiort iiicludirtg Costs dtpi'ectstio GoverD&nte tosts Finaiitt osts Tot#1 2023 TotHI 2022 Independeiit ex8minerfs fee Other governance relaied costs Bookkeeping s¢rviccs Wages Social sccurity Pcnsio 2,216 2,216 1,900 1,583 1,000 1,583 I,O(k) 18,620 1,314 371 I,)19 3,140 12,343 487 18,C)20 371 Page 14 Redeenied Cliristiaii Cliui'ch of Cod (RCC.Cy) Kingy Coul't Cliapel Notes to tlie fi iiiancial &ytatements for the Year F.nded 31 Deeembei. 2023 Prtiiiises Goveynaiiee Costs Admiiils*i'atLOlI Illtludiiig tosts depreciatLOII Totgl 2023 TolAI 2022 costs Teleplione PIL￿age ond Stationcry General expenses ]4ank charges Renl 1,950 1,782 2,142 2,890 88,096 3,093 2,248 3,120 9,580 3,120 9,580 2,733 85,933 2,733 85,933 515 2,597 Insurance Depi"ecialion of fixed assets Legal snd pi'otcssional tec5 Inlei'est payable 9,597 10,587 10,587 6,869 2,343 34 34 4,799 2,767 34,156 99,632 141.354 130,985 7 Net ineom%iiglout2oiNg i'tsources Net incoming resouites for ihe ycar in¢lude'. 2023 2022 0￿ratIng leases- other ￿set% Dcpreciation ot fixed assets 85,933 10,587 88,096 6,869 8 Ti'u$ttts remun¢i'*tlon aijd expÈnses No t[￿steeS, nor any peisons connc¢ied ii'ith thein, have received any iEniuneralion trom ilie charity dui'inE the year. No tiustees have i'eceived any reimbiirsed expenses or any other benefits from the charity during the yeai.. Donations made by tlie trustees wiiliout any condiiions aua¢hed Loialled £3,115 tor the yeur12022- £2,403). Past 15 Redeemed Christian Clillj'ch of God (RCCG) Icings Court Chapel NoteA to tlie Fiiiancial Statements for tlle Yeai. Ended 31 Deeemlier 2023 9 St8ff costs Tlie aggirgatt payroll ¢ost8 IveiE as folloi¥s'. 202.3 2022 StAff costs dui'ing tlic yeAJ' werc: Wages ind salai'ies Social secui'ily costs Pcnsion ¢osts 100,123 4,564 2,051 6.513 2,300 122,527 l 0(),738 The iiionthly avcrage nuniber of person5 liDcluding senior management team) eittployed by the charity duiing the ycar expiessed as full time equivalents ivas as follows.. 2022 2023 Pastoral Adininisi12tion 3 {2022- 31 of tlie above ernploycc5 pailicipated in the Defined Contribution Pen8ion S¢heines. 'I'he numbei. of employees whose emoluments fell within the following bands i¥as'. 2023 2022 £6Q,001- £70,000 Tlic total eiiiplo}'cc benefiis of the key illanageinent peisonnel of the cliarity %v¢iE £94,024 for 2023 {2022 £82,448). 10 Independent exgwiiier s reilluiiei'atLOJI 2023 2022 Otlier fees tg examiners Examination-i'elated assurnnce seiwice5 2.216 1,900 Page 16 Recleenied Cl)ristian Cliui'cb of Gud (RCCG) Kings Coul't Cliapel Notes to the Financial .8tAtements for tlie Yeai. Elided 31 Decemhei. 2023 11 TAXatloiJ Tlie cliai'ity 15 a r¢gisiered cliaiity and 15 theretore exeiiipt Irom taxaiion. 12 Tanxible fixed asse15 Fuvnilui'e and ¢qiJiiiment Motoi. veliitles Total Cost At l Januai'y 2023 Addiiions 50,386 8,218 50,386 22,846 14,628 Ai J l Dccember 2023 58,604 14,628 73,232 Deyi'etiatitbii Al l January 2023 Charge tor the yeai. 18,049 10,100 18,049 10,588 488 At 31 De¢embei' 2023 28,149 488 28,637 Net book vglue At 31 Decei)IbeT 2023 30.455 14,140 44,595 At 31 December 2022 32,337 32,337 13 DebtOl'5 2023 2022 Prepaymtnts Gitl aid re¢eivdble Other debioi 15,681 78,752 67 36.216 409 94,500 36,625 14 Ci'¢ditOf5'. aniouiits fAlling duc iyltljln oiie yeai. 2023 2022 Oilier laxalion and social seLuiity OilieT c¢edi(013 A¢cruals 4,078 19,477 14.350 508 5.304 18,462 37,905 24,274 Paoe 17 Redeemed Clij'isliaii Cliui'cli of God (RCCG) King.4 Coui't Cliapel Notes to the Finaiieial Statements foi. the Yeai. Ended 31 Decembei. 2023 15 Oblig#tlons linder l¢ase5 and liirc purtliAse eonti'acts Oi)eYating Icase eommitiiiethts Total futUTe mininium lease paymcnts undei. noii-Lancellable opeiatiiig Icases are as folloivs.. 2023 2022 Lthftid and buildlng5 Wiiliin unc yeai. Bel%Yeen one and tive yeaig 87,320 206,8J5 87,320 294,155 294,155 381.475 16 Funds BAI%TLce #t 31 Detember 13slxrtce at I JAnuAiy 2023 Intoining re50UVtÈs Resoui'tts exptniled 2023 Unrestric*¢d furtds Geiierul Cjeneial 92,509 631,264 (4.34,775) 288,998 DesiRii&iefl Dcsignated 586,010 586,010 Totsl (unds 678,519 631.264 {4J4,7751 875,008 BAlaiice at 31 Deceniber LIRl#nte At I J8ttuAry 2022 Resoui'tes exptiided re50urct$ 2022 UNresti.ict￿￿ fund5 G¢iierttl (reiieral 85,296 375,084 1367,871) 92,509 Designatcd 586,010 586,010 Total funds 671 306 375,084 (367,871) 678,519 Page 18 Redeemed Christiaii Chui'ch of God (RCCG) Kings Coul't Cliapel Notes to tlic Fin*iieial Stalements for tlie Yeai- Ei iided 31 December 2023 The specilic purposes foi. whieh Ilie fund8 are to be applied are as lollows.. tieneral fund.. This an unrestricted lund thal can be used at the disciEtion of the iiiistees to luiil)er Ilie purposes ot the chai'ity. Building fund.. This is an unresli'icied fllnd that has been designaied foi. the pui'pose of acquiring a freehold propei1y as a pcrnianent premises for the ¢haiiiy. 17 Artalysis of ￿tI Assets bctwetn funds 2023 u￿restrItIed funds Gciicral D¢slgllated Total funds Tangible fixed assets Ciii'renl assets 44,595 282,308 {37,905) 44.595 868,318 137,9051 586,010 Total net 45s¢1s 288,998 586.010 875,008 2022 UnrestT'itted funds GenerHI Desi%nAted Total funds Tangible fixed assets Curi'eni asstls Current liabilities 32,337 84,446 124,2741 32,337 670,456 124,2741 586,010 Toial nei a&stts 92,509 586.010 678,519 P8£e 19 Redeemed C.hristiaii Cliurcli of God (RCCG) Kings C.oiirt Cliapel Notes to tlie Fiiiaiieial Slalements foi. the Yeai. Ei iide(131 Deeeinber 2023 18 Fillhnelal insti'ymeiits CAttgorisAtion of fltL&Neial iiistruiiieiit5 2023 2022 Financial assets that debi instrunient5 n)easui'ed at amortised tost Financial liabilities iiieasured 8t ainortiscd cosi 67 18,334 409 4,848 19 Rtlttted PAI'ty tran$aetions During the yeai. the ¢haiiis' mJde tlie fullo)ving Irlaled parry ti￿nsac[lons= Redeeuled Chi'LSti#n Cliut'ch of God IRCCGI ('I'lit cliai'ity is a mcinber of Ihe Redeeiiied Chrislian Church of Ciod IRCCGI ithicli has paTislies all ovei. Ilit i¥orld.I Dut'ing Ihc yeai. Ihe cli8rity niade Contributions lotalling £9S,751 12022.. £69,840) to the RCCG World EvanEelism Mission. At the b31an¢e sheet date Ihe amouDt duc to Redecmed Clirisiian ChuT¢h of God IRCCG) was £16,000 12022- £4,500). RCLC Kiii%$ Court Chapel- Charlty no. l 111874 On l Januaiy 2020, all asseis attd liabililieg of tli¢ cliai'iiablc trust RCCG Kings Couri Cliapel Ichai'ity no. I 111874) vere iraiisferiyd to ili15 incorpoi?ted chai'ity by way of a gitl. Fi'om ihdt date on%vai'ds, Ihe main opei'alions of tlie cliur¢l) Kverc conducted through Ihe incoiyoraied chayity. The aims 2nd objectives of the ¢harity remain unchanged. 7-￿ leasc on the premises used by the Charity foi. its main ¢haiiiable activities expiiEd in May 2022 and ivas held in the name of Ilie charitable tl'U5t up 10 iliis date. Tlic iieiv lease commenced on 31 May 2022 artd 18 lield in the name of the incoiporaltd cliai'ity. 'fo faeilitate the continued payiiient of the Irnt ort the old lease. a single ballk ac¢ouni liad becn kept open in ilie cliai'it(Ible irusl's iiaint. funds tiznsfevred itiio Ihis accouDt fron) Ilie incoypoyaled chai'ity to ¢oveY Ihe qudiiei'ly Irnt and servicc charge payii)ciitS up 10 May 2022. Apai'l lioin holding the pt'emises lease and facililalin8 Irnt payments, Ihc charitable Irust has remdined doi'mant Ihrouglioui 2023 and 2022.. At the balartcc sheet dale tlie amount due from RCCG Kin8s Court Chapel C.haTity no. I 111874 wa5 £07 {2022- £67). P8ge 20 Redeenied Christiaii Cliui'cli of God (RCCG) Kings Coul't Cliapel Detailed Statemeiit of Financial Activities foi. the YeaR' Ei nded 31 DeceInbei' 2023 2023 2023 funds TotRI 2022 Gejiei'xl Tot21 Intomt Aiid iidoivuienls froiii.. Donatiotis and legacies lanalysed below) Cliai'itable activities (analysed below) 627,461 3.803 627,461 3,803 373,809 1,275 Tolal incorne 651,264 631,264 375,U84 Expenditui'e on: Cliai'itable activitie5 lanalysed below) 1434,7751 1434,775} (367,8711 Toial expendilure 1434,7751 1434,7751 {367,8711 Nei income 196,489 196,489 7,213 Net Jiiovement in fvnds 196,489 196,489 7,213 Recoticiliation offund5 Toial fi]nds brought forivard Total fvnds rarried forward 678,519 678,519 671,306 875,008 875,008 678,519 Pagt21 Redeemed Christiaii Chui-ch of God (RCCG) Kings Coiirt Cliapel Detailed StAtement of FinAI)eiAI Activities foi. tlie Year Ei nded 31 Decembei. 2023 2023 2023 Uni'e5tricted fiinds Total 2022 Genei'al Total Doiiali0115 uiiillÉgttcEes Donations Gift Aid tax It¢laimed 505,528 121,9.7.3 505,528 121,933 373,809 627,461 627.461 373,809 2023 2023 Uni'esti'itted funds Total 2022 GtntY#l Total Clitsrl/¢ib/e ftcrivllie& Events, seiiiinws and confei'enccs Mi&sions 3,435 368 368 1,275 3.803 3,803 1,275 2023 2023 Unreslrict¢d (￿￿d$ TotAI 2022 Geiieral Charllnble u¢ilvliles Other gi'ant% lo R(-CG Wages and salaries Sial'f NIC IF.mployer51 Slaty pensions IDefined contiibulionl -l-rainingy books, Confel￿nceS a￿d seminal Weltai'e eNpenses 'Fravel and oihci. Costs HonoJ?rium Rent 3,475 113.714 6,513 2,300 13.120 3,475 1,500 100.123 4,564 2.051 3,390 2.964 6,232 10,427 88,096 6,513 2,300 13,120 3.214 28,092 11,382 85,932 28,092 11,382 85,932 Page 22 Red¢emcd Chrsstiaii CIIUI'LI) of God (RCCG) Kings c.ourt Cliapel Detailed Stxteinent of Financial Activities foy the Yeay Elided 31 Decembei. 2023 2023 2023 Uni'estrietcd fviids Total 2022 Geiieral Total Lighi, heat aiid powei. 515 2,598 515 2,598 3,093 2,248 1,950 3,271 576 1,782 2,098 30,848 Telephone ènd fax Outreacli work Teehnical d¢paYiment expenses Pi'inting> postage and stalionei). Junioi. cliui'ch expenses Miisic and elioii. expense Word and sound General expenses Teen ¢hui'ch expenses RCCG world evangelism rni5SlOll Motor expenses Advei-iising Bank cliarges Oihei. interest payable Depreciaiion of plant and Jnachinery Depieciation of fixturts and fitlin&8 Depieciation ofr motor Veh￿cleS Otliei. governance rtlated cost5 Bookk¢eping scivices Independeiit exatninees lee .egal and profe%sional fees 192 3,119 2,8il 16,718 681 9,579 7,8.iO 9),750 7,497 378 2,733 34 i,821 4,278 488 1,584 1,000 2,216 192 3,119 2,851 16,718 681 9,579 7,850 95,750 7,497 378 2,733 34 S,821 4,278 488 1,584 1,000 2,216 2,142 7,168 69,840 4.550 297 2,890 4,334 2,535 3,140 1,900 2,343 434,775 434,775 367,871 Page 23