2022-12-31-accounts - The Redeemed Christian Church Of God (Rccg) - King's Tower Assembly

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CONTENTS			PAGE
Reference and administrative		details
Directors report			3 - 7.
Independent Examiner's report
Statement offinancial	activities
Statement of financial	position		10.
Notes to the accounts			11 - 13

					THE REDEEMED CHRISTIAN	THE REDEEMED CHRISTIAN	THE REDEEMED CHRISTIAN	CHURCH OF	GOD
					KING'S TOWER		ASSEMBLY
	REFEREN( E			AND	ADMINISTRATIVE DETAILS		OF	THE CHARITY, ITS DIRECTORS AND
				ADVISERS FOR THE PERIOD ENDED 30 NOVEMBER 2022
Directors					Ebikunte Adewunmi		Oduyemi
					Peter Barnikole Oladipo
					Olusegun Adesina		Oludele
					Israel David	Oluwatobi
Company		registered
number					13746020
Charity	registered
number					1197654
Principal		Office			57 Colesmead	Road
					Redhitt
					RH1 2EN
Parish Pastor					Pastor Israel	David	Oluwatobi
Independent			Examiner		Akintayo Ojo	FCCA
					Resource Management			Consultants	Ltd
					46 Hollywood	Way
					Erith
					DAB 2QE
Bankers					Barclays Bank	PLC
					Market Square
					Aylesbury
					HP20

					2022	2022		2022
					Unrestricted	Restricted		Total
					Funds	Funds		Funds
INCOMING RESOURCES				Notes	f.	f		E,
Donations, legacies 5 similar incoming			resources	2	73,154	2,900		76,054
Activities in furtherance of charity's		object		3	1,999			1,999
Investment income				4
Total incoming resources					75,153	2,900		78,053
RESOURCES EXPENDED
Grants payable - individual					65			65
Grants payable - institutional					9,112			9,112
Costs ofactivities in furtherance		of
charities objects					66,954			66,954
Management and governance	costs				2,360			2,360
Total resources expended					78,491			78,491
Net (outgoing)/incoming resources			for year		3,338	2,900	-	438
Total funds at the start ofthe	year				5,580			5,580
BALANCE AT END OF YEAR					2,242	2,900		5,142

	THE REDEEMED CHRISTIAN CHURCH OF GOO	THE REDEEMED CHRISTIAN CHURCH OF GOO	THE REDEEMED CHRISTIAN CHURCH OF GOO	- KING'S TOWER ASSEMBt Y
		STATEMENT	OF FINANCIAL	POSITION
		AS AT	30 NOVEMBER	2022
		Notes		2022
FIXED	ASSETS
Tangible Fixed assets			10	5,973
CURRENT ASSETS
Cash and bank balances				2,793
				2,793
LIASILITIES
Amount	falling due within one year			3,623
				3,623
NET ASSETS				5,142
CHARITY	FUNDS
General	- unrestricted	1d		2,242
General	- restricted	le		2,900
TOTAL FUNDS				5,142

							2022 2022	2022	2022	2022	2022
						Unrestricted Restricted		Total
						Funds Funds		Funds
5.Grants payable - individual Individual welfare						E	65	E		65
6. Grants payable - institutional Charitable giving -UK						E 9,112		E 9,112
Charitable giving -overseas Total						9,112		9,112
List of institutional grants RCCG WEM		payable World		Evangelism		E 8,012		E 8,012
RCCG Central Office		Central			Office Suppo		550				550
Festival of Life		Mission			support		550				550
Others
Total grant payable -	institutional					9,112			9,112
7.COST OF ACTIVITIES IN	FURTHERANCE			OF	CHARITY'S OBJECTS
Visiting speakers expenses							250				250
Seminar, conferences	and subscriptions						144				144
Travel and subsistence							1,482			1,482
Hall hire, rent at rates						14,030			14,030
l4lusic, liturgy at church	group						3,796				3,796
Mission, evangelism at	projects						1,240				1,240
Welfare at hospitality							686				686
Telephone S.internet							944				944
Printing, postage, ITconsumables			and		stationery		1,358				1,358
Motor expenses							1,306				1,306
Worship cost 8 church	occassion						100				100
Training mission							1,362				1,362
Utilities							1,334				1,334
Depreciation							2,674				2,674
Insurance							1,066				1,066
Repair Si maintenance							48				48
Staff cost							32,813				32,813
Office expenses							1,789				1,789
Admin 8t finance costs							532				532
							66,954				66,954

						2022	2022	2022
						Unrestricted	Restricted	Total
						Funds	Funds	Funds
8. MANAGEMENT AND GOVERNANCE				COSTS
Professional fees -Legal		5lease
Professional fees -Other						910		910
Examiner's fees -	accountancy					1,450		1,450
						2,360		2,360
9. TANGIBLE FIXED	ASSETS
		Motor		Musical		Computers	Furniture 5.	Total
		vehicles		equipment		ar projectors	fittings	30-Nov
Cost			f		f	f	f	2022 f
At 13anuary 2022		3,995		3,652		2,672	1,473	11,792
Additions At 30 November 2022		3,995		799 4,451		3,470 6,142	1,274 2,747	5,543 17,335
Depreciation
At 1 3anuary 2022		2,571		2,279		2,365	1,473	8,688
Charge for the year At 30 November 2022		524 3,095		657 2,936		1,175 3,540	319 1,792	2,674 11,362
Net book value
At 30 November 2022			900	1,515		2,602	956	5,973
10. CASH BALANCES								Period ended
								30-Nov
								2022
Cash in Bank at year	end							2,793
								2,793
11. CREDITORS								30-Nov
Trade creditor's due within		12	months					2022
Accrual: Staff cost Accrual: accountancy	fees							2,173 1,450
								3,623