**Charity number: 1199895** ## **RCCG SOLID ROCK PARISH DERBY** **(CHARITY INCORPORATED ORGANISATION)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2023** ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **CONTENTS** ||Page| |---|---| |**Reference and administrative details of the CIO, its Trustees and advisers**|1| |**Trustees' report**|2 - 5| |**Independent examiner's report**|6| |**Statement of financial activities**|7| |**Balance sheet**|8| |**Notes to the financial statements**|9 - 18| **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CIO, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2023** |**Trustees**|JAMES EGODIBIE| |---|---| ||TOLU EGODIBIE| ||CELESTINE GYAMPO| ||LINDA CHUKWUEMEKA| |**Charity registered**
**number**
1199895
**Principal office**
55 Woods Lane
Derby
DE22 3UD
**Accountants**
GIL Accountancy Services
177 Ballens Road
Chatham
Kent
ME5 8PG
**Bankers**
HSBC BANK
15 UTTOXETER ROAD
MICKLEOVER
DE3 0DA
**Pastor-in-charge**
PASTOR JAMES EGODIBIE|| Page 1 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2023** The Trustees present their annual report together with the financial statements of the RCCG Solid Rock Parish Derby for the year 1 April 2022 to 31 March 2023. ## **Objectives and activities** ##  **Policies and objectives** Our Mission Statement reads “To glorify God by the preaching of the word of faith, to bring people to the family of Christ Jesus, nurture them to Christian maturity, equip and empower them for ministry in the church and the world”. Our Objectives are: 1) To advance the Christian religion for the benefit of the public in accordance with the statement of faith; 2) The relief of poverty, hardship and distress through the provision of financial assistance; 3) The advancement of education and training, for the benefit of the public, in the teachings of the bible; 4) For any such other purposes deemed charitable by the law of England and Wales as the trustees shall from time to time determine. We are a community of people, appropriately taught and cared for, whom by loving and serving Jesus Christ, were also committed to love and care for each other and to bring a blessing to the area in which we live as well as anywhere we may find ourselves. RCCG Solid Rock Parish; its trustees, pastors, elders and members are committed to restoration. The Church strives to provide spiritual nourishment and growth to our members so that they can also reach out to the community and beyond. Members are prepared and encouraged to live exemplary lives in the community and to lead other people in the community, particularly those who are not Christians to come to the saving knowledge of Christ and to live purpose driven lives. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ##  **Activities undertaken to achieve objectives** The church has several activities, which are directed at achieving our aims. Our activities include Foodbank provision for the needy in our community, caring for the homeless in our community, Marriage seminars, Weekly Bible Studies, Fasting and Prayer, Outreach Programs (Evangelism), Welfare, Leadership Seminars and Conferences, Singles and Couples Seminar/Dinner, Mother and Toddler Group, Holiday Club for children aged 5 to 16 years during each holiday period, Music Classes, Big Lunch. These activities are undertaken through our various dedicated departments and ministries. Our head pastor offers counseling to our members as well as members of the community. We also have social activities such as Family Fun days, Games, Big Lunch, Barbecue, and An Annual Musical Concerts etc, which bring members of the church and the community together to socialize and celebrate. Page 2 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ## **Achievements and performance** ##  **Main achievements of the CIO** The year 2022/23 still posed a few challenges to the Charity as a result of the aftermath of the pandemic. We saw a huge increase/demand for our food bank facilities from struggling families. We still only have our face-toface meetings for selected programmes like the Sunday Service and Seminars from when the lock downs was lifted by the government, but we continued using zoom and live streaming as an alternative for our other week day events like our Midweek Service and Prayer meetings. Activities across the church like face-to-face Marriage Seminars, teachings, Community outreach programs like the Big Lunch in the public park with a live band, and face to face counseling programs are still suspended except where it is absolutely necessary. However, our Foodbank activities and care for suffering families activities have seen a tremendous increased as an after effect of the COVID 19. We have seen tremendous impacts that our Foodbank activities have made in the lives of families and relationships that were heading for absolute failure. During this period, we were able to source and distribute over 20,640kg of food items to over 350 suffering families. We were able to deliver food items and essentials to shielding families or individuals who are unable to attend the facility in person due to ill health. We were about to distribute 500 hampers and gift items to families in the community during the Christmas and the Easter holidays. We also organized seminars on Mental Health Awareness for the church congregants and the community. Furthermore, the plans to start a nursey is still on hold now due to resource constraints. In the area of education, there continued to be sharp rise in members’ keen interest in studying; most members are now either graduates or in the university studying in various disciplines at first degree, masters or PhD levels. This year the church has had over 30 members successfully completing their masters. We expect to see more next year. The church also offers a platform for social integration, as it is open to all, regardless of faith, race, age, gender or nationality. We were able to do the usual annual concert for this year due, to commemorate our 10th anniversary year, we also had some events that comprises ‘A Marriage Seminar, Singles and Couples Dinner’, ‘A Musical Concert’, ‘An Evangelism and revival Teaching Seminar’. We embarked on a project to purchase and distribute over 120 sleeping bags and some essential items to the homeless. ## **Financial review** ##  **Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ##  **Reserves policy** The charity has a policy of maintaining retaining at least a minimum reserve equivalent to an average of three months expenditure. Page 3 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023** ##  **Principal funding** The Church is mainly funded by members’ donations. Directions relating to the charitable trust are made by the Trustees in consultation with the pastors, who are responsible for governing the life and teaching of the church. Day to day decisions on expenditure are taken by a non-paid finance team, with budgets set and monitored by the Pastor and the Administrator. The powers of appointment or removal of Trustees rests with the Pastor with the approval of the trustees. New Trustees are primarily selected from the members of the church or from the leaders of other local churches sharing the same vision. On being appointed, new Trustees will spend time with the existing Trustees to ensure they understand their responsibilities and the legal and financial framework in which the church operates. Please refer to the statement of financial activities and balance sheet for details of our financial performance for the year. ## **Structure, governance and management** ##  **Constitution** The Redeemed Christian Church of God – Solid Rock Parish Derby is a registered charity, number 1199895, and is constituted under a CIO - Foundation model. ##  **Methods of appointment or election of Trustees** The management of the CIO is the responsibility of the Trustees who are elected and co-opted under the terms of the CIO - Foundation model. ##  **Organisational structure and decision-making policies** The trustees are responsible for the running of the affairs and the management of the funds of the Trust, through the Pastor James Egodibie. The trustees meet regularly to discuss the affairs of the Trust as well as the funds, donations and reports received from members and other key stakeholders. ## **Plans for future periods** The church aims to continue to advance its mission of saving souls, raising leaders, impacting lives of individuals, homes and communities at large through our yearly anniversary celebration programs and weekly Wednesday, Saturday and Sunday services. The goal of RCCG Solid Rock Parish Derby is to continue to see improvements in our vision, mission, aims and goals every year. More importantly the church will continue to make a positive impact in the community and continue to reach out to the youth. Furthermore, the church is aiming at organizing more seminars and surgeries focused on educating our members and others in the community, especially new overseas Students on life in the UK, issues relating to marriage and family life, finance, health, immigration, business etc. One of the major challenges we had with the influx of foreign students was an acute accommodation problem and in some few cases financial support requested by these students. Based on the critical challenge the trustees are exploring how we can secure accommodation for the church that will help these categories of student in critical situation and also look for ways to collaborate with some Landlords to secure few accommodations for this purpose. Page 4 THE REDEEMED CHRISTIAN CHURCH OF GOD- ROC'K PARISH DERBY (CHARITY INCORPORATED ORGAt41SATION} TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 ￿RCH 2023 Statsment of Trustees. responsibilities The Trustees are responsible for preparing the Trustees. report and the ffinancial statements in accordance wrth applicable law and United Kingdom Accounting Stsndards (United Kingdom Generally Accepted Accounting Practice). The law applicable lo eharities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the CIO and of its incoming resources and application of resources, including ts income ar￿ expenditure. for that period. In preparing these financial stalemenls, the Trustees are required to.. select Suitab￿ accountsng policies and then apply them con$isienuy.' +h.a Inr¥lhods and princinles of the charf.lts￿ SORP.*'- Iri•Ke jLLd9rnents and accounting estsmates that arc re￿on&1-.. -. prLLeii:: stat& whether applicable UK Accountin9 Standards 4FRa 10difm.ve beari followed,.¥ubject to any material departures disclosed and explained in the financial statements- prepare the financial statements on the going concern basis unless it is inappropri*e lo P￿sume that the CIO will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the CIO'S transactions and disclose wrth reasonable accuracy at any lime the financial position of the CIO and enable them to ensure that the financial slalements compty with the Charrties Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the CIO - Foundation model. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregulartbes. Approved by order of the member5 of the board of TTUStees on 22 January 2024 and signed on their behaw by.. **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023** ## **Independent Examiner's Report to the Trustees of RCCG Solid Rock Parish Derby ('the CIO')** I report to the charity Trustees on my examination of the accounts of the CIO for the year ended 31 March 2023. ## **Responsibilities and Basis of Report** As the Trustees of the CIO you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act'). I report in respect of my examination of the CIO's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** Since the CIO's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of (enter body here), which is one of the listed bodies. Your attention is drawn to the fact that the CIO has prepared the accounts 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the CIO as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination. 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 accounts to be reached. Signed: D Tabiri Dated: 22 January 2024 FCCA Page 6 ## **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023** |**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Charitable activities
4
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2023**
**£**
**220,829**
**220,829**
**169,807**
**169,807**
**51,022**
**92,028**
**51,022**
**143,050**|**Restricted**
**funds**
**2023**
**£**
**93,758**
**93,758**
**59,474**
**59,474**
**34,284**
**9,234**
**34,284**
**43,518**|**Total**
**funds**
**2023**
**£**
**314,587**
**314,587**
**229,282**
**229,281**
**85,306**
**101,262**
**85,306**
**186,568**|_Total_
_funds_
_2022_
_£_
_175,792_| |---|---|---|---|---| |||||_175,792_| |||||_172,797_| |||||_172,797_| |||||_2,995_| |||||_98,267_
_2,995_| |||||_101,262_| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 9 to 18 form part of these financial statements. Page 7 THE REDEEMED CHiiISTIAN CHURCH OF GOD- SOUD ROCK PAIUSH DERBY {CHARITY INCORPORATED ORGANISATION) BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note Fixod assgts Tangible assets 234.086 214,Q39 234.086 214,039 Currènt ass•ts Debtors Cash al bank and in hand 10 3.110 84.796 210 28,229 87.906 , 28,439 Credrtors.. amounts falling due wrthin one year 16.9851 (7.583) Net current assets 80.921 20,856 Total assets loss curront Ilabllltles 315.007 234,895 Credrtors.. amounts falling due after more than one year 12 1128.4391 (733.633) Net assets excludlng penslon asset 186.568 101,262 Total net assets 186.568 107,262 Charity funds Restricted funds Unreslricted funds 41.414 145.154 9,234 92.028 Total funds 186.588 101.262 The financial ststements We￿ approved and authorised for issue by the Trustees on 22 January 2024 and signed on their behalf by. JAMES ODIBIE The notes on pages 9 10 18 fonn part of these financiaj statements. Page 8 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **1. General information** RCCG SOLID ROCK PARISH DERBY is a charity, registered in England and Wales. The charity's registered number and registered office address can be found on the Reference and Administration information page 1. ## **2. Accounting policies** ## **2.1 Basis of preparation of financial statements** The financial statements have been prepared 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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Redeemed Christian Church of God – Solid Rock Parish Derby 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. ## **2.2 Income** All income is recognised once the CIO has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. ## **2.3 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the CIO's objectives, as well as any associated support costs. Page 9 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **2. Accounting policies (continued)** ## **2.3 Expenditure (continued)** Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. ## **2.4 Tangible fixed assets and depreciation** Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . Depreciation is provided on the following bases: |Freehold property|- 50years| |---|---| |Music equiment|- 25% straight line| |Motor vehicles|- 20% straight line| |Fixtures and fittings|- 25% straight line| |Office equipment|- 25% straight line| ## **2.5 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **2.6 Cash at bank and in hand** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Page 10 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **2. Accounting policies (continued)** ## **2.7 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the CIO anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. ## **2.8 Financial instruments** The CIO only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2.9 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the CIO and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the CIO for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. ## **3. Income from donations and legacies** |**Unrestricted**
**funds**
**2023**
**£**
Donations
220,829
Grants
-
**Total 2023**
220,829|**Restricted**
**funds**
**2023**
**£**
-
93,758
93,758|**Total**
**funds**
**2023**
**£**
**220,829**
**93,758**| |---|---|---| |||**314,587**| Page 11 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **3. Income from donations and legacies (continued)** |Donations
Grants
_Total 2022_|_Unrestricted_
_funds_
_2022_
_£_
_148,320_
_-_
_148,320_|_Restricted_
_funds_
_2022_
_£_
_-_
_27,472_
_27,472_|_Total_
_funds_
_2022_
_£_
_148,320_
_27,472_| |---|---|---|---| ||||_175,792_| ## **4. Analysis of expenditure on charitable activities** ## **Summary by fund type** |**Unrestricted**
**funds**
**2023**
**£**
Charitable activities
131,908
Governance costs
37,899
Other
-
169,807
_Unrestricted_
_funds_
_2022_
_£_
Charitable activities
_126,052_
Governance costs
_14,319_
Other
_-_
_140,371_|**Restricted**
**funds**
**2023**
**£**
59,474
-
-
59,474
_Restricted_
_funds_
_2022_
_£_
_32,425_
_-_
_-_
_32,425_|**Total**
**2023**
**£**
**191,382**
**37,899**
**1**| |---|---|---| |||**229,282**| |||_Total_
_2022_
_£_
_158,477_
_14,319_
_1_| |||_172,797_| Page 12 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **5. Analysis of expenditure by activities** |Charitable activities
Governance costs
Charitable activities
Governance costs|**Activities**
**undertaken**
**directly**
**2023**
**£**
177,101
30,768
207,869
_Activities_
_undertaken_
_directly_
_2022_
_£_
_140,295_
_13,554_
_153,849_|**Grant**
**funding of**
**activities**
**2023**
**£**
6,539
-
6,539
_Grant_
_funding of_
_activities_
_2022_
_£_
_10,859_
_-_
_10,859_|**Support**
**costs**
**2023**
**£**
7,743
7,131
14,874
_Support_
_costs_
_2022_
_£_
_7,324_
_765_
_8,089_|**Total**
**funds**
**2023**
**£**
**191,383**
**37,899**| |---|---|---|---|---| |||||**229,282**| |||||_Total_
_funds_
_2022_
_£_
_158,478_
_14,319_| |||||_172,797_| Page 13 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **5. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs** |Staff costs
Depreciation
Publicity, printing & distributions
Books, DVD's & CD's
RCCG central office contributions
Light & Heat
Rates & Water
Telephone
Refreshments & Groceries
Hospitality
Transportation
Honorarium
Conferences, evangelism etc
Training
Accountancy, legal & professional
Sundry expenses
Insurance
Repairs & maintenance
Subscriptions
Hamper Project
Holiday Club
Mentoring Project|**Total**
**funds**
**2023**
**£**
**7,452**
**51,787**
**9,058**
**2,351**
**4,340**
**8,208**
**2,104**
**-**
**17**
**6,645**
**2,058**
**8,250**
**13,107**
**3,144**
**3,950**
**229**
**2,603**
**22,037**
**1,054**
**29,922**
**29,553**
**-**
**207,869**|_Total_
_funds_
_2022_
_£_
_3,913_
_44,497_
_8,608_
_1,156_
_4,440_
_4,279_
_3,652_
_500_
_224_
_5,689_
_191_
_3,350_
_17,773_
_918_
_7,050_
_2,498_
_2,197_
_8,328_
_2,160_
_10,010_
_10,716_
_11,700_| |---|---|---| |||_153,849_| Page 14 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **5. Analysis of expenditure by activities (continued) Analysis of support costs** |Bank charges
Computer costs
Mortgage interest costs
**6.**
**Independent examiner's remuneration**
Fees payable to the CIO's independent examiner for the independent
examination of the CIO's annual accounts
**7.**
**Staff costs**
Wages and salaries|**Total**
**funds**
**2023**
**£**
**586**
**6,545**
**7,743**
**14,874**
**2023**
**£**
**550**
**2023**
**£**
**7,452**
**7,452**|_Total_
_funds_
_2022_
_£_
_203_
_562_
_7,324_| |---|---|---| |||_8,089_| |||_2022_
_£_
_550_| |||_2022_
_£_
_3,913_| |||| |||_3,913_| The average number of persons employed by the CIO during the year was as follows: ||**2023**|_2022_| |---|---|---| ||**No.**|_No._| |Staff|**1**|_1_| No employee received remuneration amounting to more than £60,000 in either year. Page 15 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **8. Trustees' remuneration and expenses** During the year, one or more Trustees has been paid remuneration or has received other benefits from an employment capacity with the CIO for admin and management services rendered to the charity. The value of Trustees' remuneration and other benefits was as follows: |||**2023**|_2022_| |---|---|---|---| |||**£**|_£_| |TOLU EGODIBIE|Remuneration|**7,452**|_3,913_| During the year ended 31 March 2023, no Trustee expenses have been incurred _(2022 - £NIL)_ . ## **9. Tangible fixed assets** |**Cost or valuation**
At 1 April 2022
Additions
At 31 March 2023
**Depreciation**
At 1 April 2022
Charge for the year
At 31 March 2023
**Net book value**
At 31 March 2023
_At 31 March 2022_|**Freehold**
**property**
**£**
**200,000**
**-**
**200,000**
**20,000**
**8,000**
**28,000**
**172,000**
_180,000_|**Plant and**
**machinery**
**£**
**52,232**
**8,441**
**60,673**
**35,841**
**15,168**
**51,009**
**9,664**
_16,391_|**Motor**
**vehicles**
**£**
**15,226**
**6,600**
**21,826**
**15,226**
**1,320**
**16,546**
**5,280**
_-_|**Fixtures**
**and fittings**
**£**
**20,121**
**4,671**
**24,792**
**19,265**
**1,168**
**20,433**
**4,359**
_856_|**Office**
**equipment**
**£**
**83,603**
**52,122**
**135,725**
**66,811**
**26,131**
**92,942**
**42,783**
_16,792_|**Total**
**£**
**371,182**
**71,834**| |---|---|---|---|---|---|---| |||||||**443,016**| |||||||**157,143**
**51,787**| |||||||**208,930**| |||||||**234,086**| |||||||_214,039_| Page 16 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **10. Debtors** |**Due within one year**
Other debtors|**2023**
**£**
**3,110**
**3,110**|_2022_
_£_
_210_| |---|---|---| |||| |||_210_| ## **11. Creditors: Amounts falling due within one year** |Bank loans
Other creditors
Accruals and deferred income|**2023**
**£**
**6,184**
**248**
**553**
**6,985**|_2022_
_£_
_6,184_
_845_
_554_| |---|---|---| |||| |||_7,583_| ## **12. Creditors: Amounts falling due after more than one year** ||**2023**|_2022_| |---|---|---| ||**£**|_£_| |Bank loans|**128,439**|_133,633_| ## **13. Financial instruments** ||**2023**|_2022_| |---|---|---| ||**£**|_£_| |**Financial assets**||| |Financial assets measured at fair value through income and expenditure|**84,796**|_28,229_| ## **14. Summary of funds** Page 17 **THE REDEEMED CHRISTIAN CHURCH OF GOD – SOLID ROCK PARISH DERBY (CHARITY INCORPORATED ORGANISATION)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023** ## **14. Summary of funds (continued)** ## **Summary of funds - current year** |General funds
Restricted funds|**Balance at 1**
**April 2022**
**£**
**92,028**
**9,234**
**101,262**|**Income**
**£**
**220,829**
**93,758**
**314,587**|**Expenditure**
**£**
**(167,703)**
**(61,578)**
**(229,281)**|**Balance at**
**31 March**
**2023**
**£**
**145,154**
**41,414**| |---|---|---|---|---| |||||**186,568**| ## **Summary of funds - prior year** ## **15. Analysis of net assets between funds** **Analysis of net assets between funds - current year** |**Unrestricted**
**funds**
**2023**
**£**
Tangible fixed assets
192,672
Current assets
87,906
Creditors due within one year
(6,985)
Creditors due in more than one year
(128,439)
**Total**
145,154
**Analysis of net assets between funds - prior year**
_Unrestricted_
_funds_
_2022_
_£_
Tangible fixed assets
_214,039_
Current assets
_28,439_
Creditors due within one year
_(7,583)_
Creditors due in more than one year
_(133,633)_
**Total**
_101,262_|**Restricted**
**funds**
**2023**
**£**
41,414
-
-
-
41,414
_Restricted_
_funds_
_2022_
_£_
_-_
_-_
_-_
_-_
_-_|**Total**
**funds**
**2023**
**£**
**234,086**
**87,906**
**(6,985)**
**(128,439)**| |---|---|---| |||**186,568**| |||_Total_
_funds_
_2022_
_£_
_214,039_
_28,439_
_(7,583)_
_(133,633)_| |||_101,262_| Page 18