||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|





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||||U nrestricted||U|nrestricted|Restricted||
|---|---|---|---|---|---|---|---|---|
||Notes||.Fund<br>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|<br>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|<br>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|





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|||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<br>Equipment|Musical<br>Equipment|Computer<br>Equipment|||
|---|---|---|---|---|---|---|---|---|
|Cost|||||||||
|At1January 2023|||||€g€||||
|Additions durjng the year|||||6,382|<br>1,006||7,388|
|At31 December 2023|||||4s0|||450|
||||||6,832|<br>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<br>---- -rls|d)2'.||
|6.RESERVE(CHARITY FUND)<br>Balanceb/f|2023<br>Unrestricted<br>fund<br>fr||-|<br>2022<br>UnrestrictedRestricted<br>Fund<br>Fund<br>fg<br>Restricted<br>Fund<br>f|||||
|lncomingResources||49,724|||1,7,3so|33,228|||
|Expended Resources||60,258||.|<br>65,305|34,292|17,350||
|Balancec/f|20,L10||||2,263|17,795|||
||89,873||||80,392|49,724|17,3s0||



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