THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)
STARS NATION CHURCH BIRMINGHAM
CHARITY NO: 1195340
ACCOUNTS FOR THE YEAR ENDED 30 JUNE 2024
TRUSTEE'S STATEMENT
The principal activity of the church is the provision of an extensive range of spiritual, religious, and charitable services, and it intends to do so more in the years to come. It is the Trustee's responsibility to ensure the financial statements prepared give a true and fair view of the state of affairs of the church as at the end of the financial year, and the surplus/deficit for the year. In addition, reasonable and prudent judgements and estimates have been used to prepare the accounts.
Signed on behalf of the Trustees:
………………………………
ABIODUN ADEBOWALE
………………………………
OLUBUKUNMI IREDEJI OLUKOYA
……………………………..
ANTHONY BABATUNDE ABOABA
STARS NATION CHURCH BIRMINGHAM STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 JUNE 2024
| £ | £ | £ | |||
|---|---|---|---|---|---|
| Income | 145,165.82 | ||||
| Less Admin expenses: | |||||
| Promotion and advertising | 8,604.97 | ||||
| Repairs and maintenance | 3,490.48 | ||||
| Retail Finance | 2,974.16 | ||||
| Media and musicians’ costs | 35,861.32 | ||||
| Rent and rates | 17,753.20 | ||||
| Volunteers' expenses, Travel and Professional fees | 8,453.09 | ||||
| Charitydonations | 2,267.27 | ||||
| Bank and other financial charges | 1,412.35 | ||||
| Evangelism and Welfare | 24,079.67 | ||||
| Insurance | 187.05 | ||||
| Depreciation | 3,528.00 | ||||
| Telephone,Post Office and internet Misc. | 1,021.12 | ||||
| Total | (109,632.68) | ||||
| Profit/Loss | 35,533.14 |
STARS NATION CHURCH BIRMINGHAM STATEMENT OF FINANCIAL POSITION AS AT THE YEAR ENDED 30 JUNE 2024
| £ | £ | |||||
|---|---|---|---|---|---|---|
| Non-current Assets: | ||||||
| Tangible assets | 11,340 | |||||
| Current assets: | ||||||
| Cash in hand & bank | 35,657 | |||||
| Liabilities: | ||||||
| Current liabilities | 0 | |||||
| 35,657 | ||||||
| Net current assets(liabilities) | 46,997 | |||||
| **Represented by: ** | ||||||
| Accumulated funds b/f | 11,464 | |||||
| Income (-deficit) for the year | 35,533 | |||||
| 46,997 |
STARS NATION CHURCH BIRMINGHAM
SCHEDULE OF FIXED ASSETS AS AT THE YEAR ENDED 30 JUNE 2024
| Musical Equipment | Musical Equipment | Musical Equipment | Church furniture and fittings | Church furniture and fittings | Church furniture and fittings | Church Mini-Van | Church Mini-Van | Total | ||
|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | |||||||
| NBV 2023 | 4,644 | 5,824 | - | 10,468 | ||||||
| Additions | 4,400 | 4,400 | ||||||||
| 0 | ||||||||||
| Depreciation | (1,010) | (1,638) | (880) | (3,528) | ||||||
| NBV 2024 | 3,634 | 4,186 | 3,520 | 11,340 |
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNT
I have examined the accounts on pages 1 and 2 according to the accounting principles of unaudited financial statements. I report that the accompanying financial statements have been compiled from records kept by the church and information supplied by the church’s lead. I have not audited the account and do not express an opinion or any other form of assurance.
Dr Oyedele Ogundana
For Joaadd Tax and Accountants