| THE REDEEMED CHRISTIANCHUftCHOFGOD(RCCG} GRACE ASSEMBLY CIO | |
|---|---|
| CONTENTS | |
| Reference andAdministrativeDetails | 3 |
| Trustees'AnnualReport | 4 |
| lndependentExaminer's Report | 6 |
| Statement ofFinancialActivities | 7 |
| Balance Sheet | 8 |
| NotestotheFinancial Statements | 9 |
| U nrestricted | U | nrestricted | Restricted | |||||
|---|---|---|---|---|---|---|---|---|
| Notes | .Fund Restricted Fund |
Total | Fund | Fund | Total | |||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2022 | |||
| INCOMINGRESOURCES | € | f | €f | Ef. | ||||
| Donations, legacies &similar incomingresources | 55,083 | 5s,083 | 30,189 | - | 30.189 | |||
| Otherlncome | 5,1,75 | 65,305 | 70,480 | 4,1,O3 | 1,7,350 | 21,453 | ||
| Total lncomingResources | 60,258 | 65,305 | 12s,563 | 34,292 |
17,350 | 5L,64? | ||
| RESOURCESEXPENDED | ||||||||
| Managementand Governance Cost | 20,110 | 2,263 | 22,373 | 17,795 | 17,79s | |||
| Net lncoming/(Outgoing)Resourcesfor theyear | 40,1,48 | 63,042 | 103,190 | 16,497 | 17,350 | 33,A47 | ||
| BATANCEATBEGINNINGOFTHEYEAR | 49,121 | 77,350 | 67,O74 | 33,228 | 33,228 | |||
| BALANCEATENDING OF THEYEAR | _ | _.89,873 | 80,392 | 77A,265 | 49,724 | 1./,350 |
67,074 |
| BATANCESHEETA5 ATYEAR ENDED31DECEMBER2023 | |||
|---|---|---|---|
| Notes | 2023 | 2022 | |
| FIXED ASSETS | ff | ||
| Tangible Assets | 5 | 3,737 | 4,221 |
| CURRENTASSETS | |||
| Debtorand Prepayntents | 29,800 | ||
| Casl andbankbalan(es | 137,72A | 64,252 | |
| 1,67,528 | |||
| SHORTTERMLIABILITIES | |||
| Creditors (amount falllngduewithinayear) | 1,000 | ||
| NETCURRENIA55ETS | 166,528 | 62,8s3 | |
| LON6 TERMLIABITITIES | |||
| Credtors (amount fallingciueafter more thanone year) | |||
| NET ASsETS | 770,265 | 67,074 | |
| CHARITY FUNDS | |||
| Unrestricted | 89,873 | 49,724 | |
| Restricted | 80,392 | 17,350 | |
| 170,265 | 67,074 |
| U nrestricted | UnrestrictedRestricteci | UnrestrictedRestricteci | UnrestrictedRestricteci | |||||
|---|---|---|---|---|---|---|---|---|
| lund | Restrlcted | Fund | Total | Fund | Fund | Total | ||
| 2023 | 2023 | 2023 | 2022 | 2022 | 2A22 | |||
| 2. | DONATIONS,LEGACIESAND SIMILAR INCOMINGRESOURCES | a | € | f€€t | ||||
| Tithe | 40,071- | 40,071, | 2L,617 | - | 27,617 | |||
| Offering | 1,5,Ot2 | 15,012 | 8,s73 | 8,573 | ||||
| s5,083 | 5s,083 | 30,189 | 30,189 | |||||
| 3. | OTHER INCOME | ff | f | |||||
| Building | 65,305 | 65,305 | - | 17,350 | 17,3s0 | |||
| GiftAid | ),1/) | 5,115 | 4,103 | 4,103 | ||||
| 5,175 | 65,305 | 70,480 | 4,103 | 17,350 | 2L,453 | |||
| 4, | MANAGEMENT&GOVERNANCECOSi | f | €' | f | ||||
| Charitabie Donation | 433 | 433 | 820 | 820 | ||||
| Honorariu m | 1_,200 | 1,200 | 1,070 | 1,O74 | ||||
| Stationery, Printing & Publication | 874 | a74 | 398 | 398 | ||||
| Depreciation | 934 | 934 | 1,05s | 1,055 | ||||
| Rent&Rate | 4,440 | 4,O40 | 3,861 | 3,851 | ||||
| Administrative | 1-,20L | 172 | 1,,373 | 1,442 | 1,442 | |||
| Refreshment& Hospitality | 4,078 | 4,078 | 2,114 | 2,LL4 | ||||
| Welfare | 400 | 400 | 720 | 720 | ||||
| ProfessionaJFee | 1,200 | 2,091 | 3,29I | 1,,400 | 1,,400 | |||
| Trainingand Development | 665 | 665 | 398 | 398 | ||||
| Travels | 1,329 | 1,329 | 1,160 | r.,160 | ||||
| Wages | 1,450 | 1,,450 | 1,800 | 1,800 | ||||
| Subscription | 680 | 680 | 720 | 720 | ||||
| Telephone, lnternet,Zoom,&postage | 1-,625 | 1,625 | 838 | 838 | ||||
| 20,1-10 | 2,263 | )) 114 | 17,795 | 17,795 |
| 5. TANGIBLE FIXEDASSET | Musical Equipment |
Musical Equipment |
Computer Equipment |
|||||
|---|---|---|---|---|---|---|---|---|
| Cost | ||||||||
| At1January 2023 | €g€ | |||||||
| Additions durjng the year | 6,382 | 1,006 |
7,388 | |||||
| At31 December 2023 | 4s0 | 450 | ||||||
| 6,832 | 1,006 |
7,838 | ||||||
| Depreciation | ||||||||
| Al1)anuary2023 | ||||||||
| Chargedfor the year | 2,601- | s66 | 3,L67 | |||||
| At31 December 2023 | 846 | 88 | 934 | |||||
| 3,447 | ||||||||
| NetBook Value | ||||||||
| At31 December 2023 | ||||||||
| At31 December 2022 | 3,737 | |||||||
| 3,7a1 | tt ---- -rls |
d)2'. | ||||||
| 6.RESERVE(CHARITY FUND) Balanceb/f |
2023 Unrestricted fund fr |
- | 2022 UnrestrictedRestricted Fund Fund fg Restricted Fund f |
|||||
| lncomingResources | 49,724 | 1,7,3so | 33,228 | |||||
| Expended Resources | 60,258 | . | 65,305 |
34,292 | 17,350 | |||
| Balancec/f | 20,L10 | 2,263 | 17,795 | |||||
| 89,873 | 80,392 | 49,724 | 17,3s0 |