Charity number: **1084570**
## **THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY**
**TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
## CONTENTS
||Page|
|---|---|
|Reference and administrative details of the charity, its trustees and advisers|3|
|Trustees’ Report|4-10|
|Independent Examiners Report|11|
|Statement of Financial Activities|12|
|Balance Sheet|13|
|Notes to the Financial Statements|14-19|
2
THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024
General Overseer Pastor. E. A. Adeboye Trustees Dr Olufemi O Daramola Mrs Odunayo Ajala Mr Rasheed A Amunikoro Mrs Esther Ogunbiyi Pastor in Charge Pastor Olutayo O Ayodele Charity Registered No 1084570 Principal Office Tom Allen Centre Grove Crescent Road Stratford London E15 1 BJ Accountants and Independent Examiners Toda Consult 19 Youk Road Northfleet Kent DA11 9PU Bankers Barclays Bank Plc
3
# THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
TRUSTEES’ REPORT FOR THE YEAR ENDED 31 December 2024
The trustees present their annual report and financial statements of the charity for the year ended 31[st] December 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 of the accounts and comply with the charity's trust deed, the Charities Act and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing Document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Constitution**
The church is constituted under a Trust Deed dated 21 November 2000 and is a registered charity with number 1084570.
## **Method of Appointment/Election of Trustees**
The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the trust deed.
## **Policies Adopted for the Induction and Training of Trustees**
The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.
## **Organisational Structure and Decision Making**
The church is organised so that the Trustees meet regularly to manage its affairs. There is a full-time administrator, who manages the day-to-day administration of the church.
## **Risk Management**
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The Insurance and Indemnity is in place, annually reviewed and adjusted with contemporary needs. We have reviewed our Health and safety policies and procedures over this year.
.
4
THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2024
## **OBJECTIVES AND ACTIVITIES**
The objects of the Charity are:
- The advancement of the Christian faith worldwide; and
- The relief of poverty.
Each year, our trustees review our objectives and activities to ensure they continue to reflect our aims. In carrying out this review, the trustees have considered the Charity Commission's general guidance on public benefit and its supplementary public guidance on the advancement of religion for the public benefit.
## **Strategies for Achieving Objectives**
The church has adopted the following strategies for achieving the above objectives:
- Good governance structure including Health and Safety and safeguarding of service users
- Organisation of seminars in the church with invited guest ministers proven in their various specialties to guide Members of the congregation and our invited guests in the various aspects of Christian faith
- Retreats and away days in Christian centres all over the UK
- Planting and Supporting Christian churches and groups in the UK, the EU and Worldwide
- Support for other charities for example, African Children’s Trust and Christian events e.g. Festival of Life and the wider Redeemed Christian Church of God
- The Sanctuary is the headquarters of RCCG Province 3 under Pastor Olutayo Ayodele
- It is also the headquarters of the Good Women’s Fellowship of The Redeemed Christian Church of God
## **Activities for Achieving Objectives**
- Community Outreach Events
-
- Provision of welfare support to members
## **Church Activities**
This was a year for the church to move forward on the preceding year’s achievement. Various programs and activities were due to be organised for women, men, the elderly, the youths/teenagers and children during the year and they would have involved participation of both members of the church and the local community.
5
# THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2024
## **RCCG The Sanctuary Activities & Mission Trips for the Year 2024**
- 1 Tabitha Arise Ladies Fellowship Retreat from 16[th] to 18[th] of June 2024 at Devere Horsley Estate, Surrey, United Kingdom.
- 2 Solemn Assembly and special Holy Ghost Service to Nigeria from 28[th] to 10[th] March 2024. Mission Trip to by Pastors Olutayo & Yetunde Ayodele.
- 3 Euro conference at Madrid, Spain 11[th] of April and Mission Trip to Bratislava, Light up
Slovakia from 13[th] – 15[th] April 2024. Trip by Pastor Olutayo Ayodele
- 4 Capro Congress Mission Trip from 22[nd] April to 1[st] May 2024 to Nigeria by Pastor Olutayo Ayodele.
5. Pastors Olutayo & Yetunde Ayodele Mission Trip to Cyprus from 20[th] to 24[th] of June 2024.
6. RCCG The Sanctuary 30[th] year Anniversary celebration at Grove Crescent Road, Stratford, London from 12[th] to 16[th] June 2024.
7. Love Stratford 2024 St John’s Church Broadway E15 1NG 8th June 2024 **https://stratfordlondon.church/lovestratford2024**
8. Men Of Destiny Retreat from 12[th] to 14[th] of July 2024.
9. Mission Trip by Pastor Olutayo Ayodele to Lagos, Nigeria from 31[st] July to 3[rd] of August 2024
10. Pastors Olutayo & Yetunde Ayodele Mission Trip to Sri Lanka from 2[nd] to 11[th] of October 2024.
11. Pastor Olutayo Ayodele Mission Trip to Croatia/Macedonia from 7[th] to 10[th] of November 2024.
12. Pastor Olutayo Ayodele Mission Trip to Lagos from 9[th] to 14[th] of December 2024.
1. Community Outreaches, with the evangelism team, going out regularly to minister to people in our immediate vicinity has been going with the Evangelism Teams and Outreach collaboration with other RCCG parishes in “Going A fishing”.
2. **Social Action**
- a) Other initiatives like the homeless feeding project with Christian Kitchen, Homeless persons care which occurs over the winter months, food bank activities and ongoing support to the activities of the Stratford Churches. The website is http://www.sratfordchurches.co.uk/churches/sanctuary.html. We are affiliated with and support the initiatives by this group.
6
THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2024
- b) Humanitarian Aid/support. The church has supported African Children’s mission for over 20 years http://www.africanchildtrust.org.uk.
- c) Homeless Feeding Project- The Youth of the church partnered with Christian Kitchens http://www.christiankitchen.co.uk based in St Michaels and All Angels Church Northcote Road, Walthamstow E17 6PQ the charity involved with feeding the homeless in providing food and water to homeless people on a monthly basis it is hoped this will continue with the churches financial support and oversight of the pastoral team.
- d) The church maintains its close relationship with worldwide missions with its relationship with Calvary Ministries CAPRO
- e) The Sanctuary have handled the rent of the premises of the Mission School Under the RCCG Sri Lanka.
- f) Further to the ( above) The Church is supporting an Orphanage and mission house in Sri Lanka
## **The Charities we support.**
These organizations are part of the body of Christ we support and affiliated with as God directs.
Furthermore, they fulfil in part or whole our core values and beliefs.
1. **Locally**
The Christian Kitchen
The Christian Kitchen is a charity provision that seeks to feed homeless and marginalized people in Waltham Forest
Faith in Schools https://www.faithinschools.co.uk
Our aim is for every child and young person in Newham schools to have the opportunity to meet local Christians and discover what it means to be a Christian in the 21st century.
Stratford Churches
http://www.stratfordchurches.co.uk/who.html Including: Love Stratford and Stratford Leaders Meeting
Transform Newham
https://www.transformnewham.com
7
THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2024
## 2. **Regional/National**
Festival of Life was established in 1996 as a Christian Charity. We are committed to advancing the Christian religion by impacting lives and transforming communities. We do this in several ways, the main of which is our Festival of Life Event which takes place twice a year in the UK.
https://www.festivaloflife.org.uk
RCCG Central Office https://www.rccguk.church RCCG Europe Region
Living Seed Europe https://www.livingseedeurope.org
Calvary Ministries UK https://www.facebook.com/calvaryministriesworldwide.caprouk/
Good Women Fellowship http://www.goodwomen.org.uk
## 3. **International**
## **RCCG Worldwide** https://www.rccg.org
Mission & Vision
- 1) To make heaven.
- 2) To take as many people as possible with us.
- 3) To have a member of RCCG in every family of all nations.
- 4) To accomplish No. 1 above, holiness will be our lifestyle.
- 5) To accomplish No. 2 and 3 above, we will plant churches within five minutes walking distance in every city and town of developing countries and within five minutes driving distance in every city and town of developed countries.
- 6) We will pursue these objectives until every Nation in the world is reached for the Lord Jesus Christ
Including:
RCCG Parishes in Cyprus: The Sanctuary and Bethel Parishes Limassol and Bethel Parish Nicosia RCCG The Vineyard Parish Prayer Centre, Sri Lanka and Mission School RCCG African Mission - https://www.rccg.org/african-missions/
Africa Missions dates to 1996, when Pastor (Mrs) Folu Adeboye (Visionaire of Africa Missions) went on a visit to mission fields in West Africa.
The Africa Missions Organisations is a fully fledged faith-based not- for- profit organisation committed to addressing the plight of the less privileged in Africa and around the world through appropriate community development and empowerment initiatives and the good news of the gospel of Jesus Christ.
8
# THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2024
Living Seed https://www.livingseed.org
Calvary Ministries (Capro **)** https://new.capromissions.org
Calvary Ministries CAPRO is an international non-denominational MISSION AGENCY that started in Nigeria, in 1975. Our primary focus and commitment is making disciples among the 7,052 UNREACHED PEOPLE GROUPS worldwide. This has been our commitment for the last 47 years.
African Children’s Trust ACT https://africanchildtrust.org.uk/#home Our Core Objectives are.
Sending skilled volunteers Educating disadvantaged children and orphans Empowering women Developing communities
## **Church Building**
The passion for seeing the reality of a purpose-built modern worship Centre remains despite economic challenges.
We have raised a “battling fund” for this in the order of £100,000 to achieve this and a Building committee consisting of the pastors and the trustees have commenced discussions and plans to achieve this goal.
A group of 5 of these have commenced active sourcing of a reputable legal firm that can provide engagement documents for Architects to draw a plan for Newham Council approval of thn to roceed to a joint venture process to rebuild The Sanctuary.
The Selected officials are:
Mr Yomi Amunikoro (Trustee) Pastor Yinka Akinrinmade (Minister RCCG The Sanctuary) Pastor Otu Ayi (Minister RCCG The Sanctuary) Pastor John Osayamwen (Minister RCCG The Sanctuary) Dr Olufemi Daramola (Trustee/Minister RCCG The Sanctuary)
This team have worked under the legal framework to engage a suitable Architect to develop a plan for Council approval in due course.
## **Future Hopes**
- A purpose-built modern worship centre
- A well-maintained safe space for The Church’s goals to be achieved.
- Functional administrative and financial systems
- More lives discipled into following Jesus-through in person and various online and contact platforms.
9
THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
TRUSTEES’ REPORT (continued) FOR THE YEAR ENDED 31 December 2024
## **FINANCIAL REVIEW**
## **Reserves Policy**
The trustees have decided that at present, funds should be retained in banks and building societies, or in reliable vehicles for saving funds which return funds with no loss and prospect of increased funds.
Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.
A dedicated reserve account for the purpose of supporting continuity of the Charities’ objectives.
## **Principal Funding Sources**
This is provided mainly through voluntary tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.
## **STATEMENT OF TRUSTEES’ RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The law applicable to charities in England and Wales, the Charities Act 2011 and the provisions of the Trust Deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In pre- paring those financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently.
- observe the methods and principles in the Charity SORP
- make judgements and estimates that are reasonable and prudent.
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website in accordance with legislation in the United Kingdom governing the preparation and dissemination of financial statements.
This report was approved by the Board of Trustees on **08 / 10 /2025** and signed on its behalf by
## _OLUFEMI DARAMOLA_
## DR OLUFEMI DARAMOLA
10
THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
FOR THE YEAR ENDED 31 December 2024
## **INDEPENDENT EXAMINATION REPORT** :
I report on the accounts for the year ended 31 December 2024 set out on pages 12 to 20.
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER**
The charity’s trustees are responsible for the preparation of the accounts. The Charity’s trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is required. It is my responsibility to:
- Examine the accounts under Section 145 of the 2011 Act
- To follow the procedures laid down in the General Directions given by the Charity Commission (under Section145 (5) (b) of the 2011 Act; and
- To state whether specific matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINER’S STATEMENTS**
This report is in respect of an examination carried out under section 144 of the Charities Act 2011 and in accordance with the directions given by the Charity Commissioners under section 152(5). An examination includes a review of the accounts and making such enquiries as are necessary for the purpose of this report. The procedure undertaken does not constitute an audit.
## **INDEPENDENT EXAMINER’S STATEMENT**
Based on our examination, no matter has come to our attention which gives us reasonable cause to believe that in any material respect accounting records have not been kept in accordance with section 130 of the Charities Act 2011, or that the accounts presented do not accord with those records or comply with the accounting requirements of the Charities Act 2011. No matter has come to our attention in connection with our examination to which, in our opinion, attention should be drawn to enable a proper understanding of the accounts.
Signed and dated by:
## Oludare Agbola
Date: 09/10 /2025
OLUDARE AGBOLA Bsc, MAAT TODA CONSULT Registered Accountants 19 York Road Northfleet DA11 9PU
11
THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
## STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating Income and Expenditure Accounts) FOR THE YEAR ENDED 31 December 2024
|Notes
**Incoming Resources**
_Incoming resources from generated funds:_
Voluntary income
2
Other income
3
**_Total Incoming_**
**_Resources_**
**Resources Expended**
Charitable activity
expenditure
4
Finance Cost
5
Governance costs
6
**_Total Resources expended_**
**Net Incoming/Outgoing) Resources for the**
**year**
**Total funds at 1 January**
**2024**
**Prior year adjustment**
**Total funds as at 31 December 2024**|**2024**
**2023**
Unrestricted Restricted
Total
Total
£
£
£
£
312,144 -
312,144
323,765
885 -
885 1,208|
|---|---|
||**313,029 -**
**313,029**
**324,973**|
||422,188 -
422,188
350,587
1,338 -
1,338 1,297
19,300 -
19,300 1,900|
||**442,826-**
**442,826**
**353,783**|
||(129,797) -
(129,798)
(28,810)
607,157 7,921
615,078
643,888
- -
-
-|
||
**477,359**
**7,921**
**485,280**
**615,078**|
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
12
## THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
## BALANCE SHEET AS AT 31 DECEMBER 2024
|Notes
**FIXED ASSETS**
Tangible Fixed Assets
7
**CURRENT ASSETS**
Debtors
8
Cash in Hand/ Bank
**CREDITORS:**
Amount falling due within a year
9
**NET CURRENT ASSETS/LIABILITIES**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS:**
Amount falling due after more
than one year
10
**NET ASSETS**
**ACCUMULATED FUNDS**
Unrestricted
11.1
Restricted
11.2
**TOTAL FUNDS**|**2024**
**2024**
**Unrestricted Restricted**
£
£
436,733
55,000|**2024**
**2023**
**Total**
£
£
491,733
510,813|
|---|---|---|
||**436,733**
**55,000**
8,000
-
27,517
261|**491,733**
**510,813**
8,000
53,401
27,778
103,874|
||35,517
261
(20,016)
(261)
15,501
-|35,778
157,276
(20,277)
(23,421)
15,501
133,854|
||**452,234**
**55,000**
(21,954)
-|**507,234**
**644,668**
(21,954)
(29,591)|
||**430,280**
**55,000**|**485,280**
**615,077**|
|||477,359
607,156
7,921
7,921|
|||**485,280**
**615,077**|
Approved by the Trustees and Signed on their behalf:
## _OLUFEMI DARAMOLA_
DR OLUFEMI DARAMOLA
Date: **08/10/2025**
13
THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
## **ACCOUNTING POLICIES**
## **1.1 Basis of preparation of accounts**
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for smaller Entities (effective January 2007). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" published in March 2005 and applicable accounting standards.
## **1.2 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 Church 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 which have been raised by the Church for particular purposes. The cost 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 accounts.
## **1.3 Incoming resources**
These are recognised in full in the Statement of Financial Activities in the period in which they are received Included are income from tithes, offerings, gift aid and interest received during the year from investments and accounted for as restricted or unrestricted funds.
## **1.4 Tangible fixed assets**
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Building Music and church equipment Fixtures and fittings Motor vehicle
|**2. Voluntary Income: Donations**
Gift Aid
Tithes & Offerings
**3. Other income**
Deposit account interest|**2024**
£
-
312,144
312,144
**2024**
£
885
885|**2023**
£
51,901
271,864|
|---|---|---|
|||323,765|
|||**2023**
£
1,208|
|||1,208|
14
THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
## **4.CHARITABLE ACTIVITIES- (Direct charitable expenditure)**
This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.
|e in support of that activity where material.||
|---|---|
|**4.1**
**Charitable activities - Direct costs**
Staff costs
Employer NI and Pension
World Evangelism Mission
Festival of Life
RCCG Central Office
RCCG Building project support
African Child Trust
RCCG Provincial/ Regional expenses
Mission expenses
Anniversary Expenses
Ecclesiastical
Conferences, retreats and meetings
Ministry Expenses
Children/Youth Expenses
Macedonian project
Sri Lanka Mission
Evangelism
Cyprus Mission
Sunday School Books
Welfare and Relief of Poverty|**2024**
**2024**
**2023**
£
£
£
**Unrestricted**
**Restricted**
78,974
**-**
79,144
8,875
**-**
8,875
15,991
-
15,244
1,300
-
1,200
3,240
-
3,580
5,000
-
6,450
300
-
300
6,950
-
2,200
5,051
4,560
13,350
-
-
3,625
-
3,433
24,150
-
14,238
11,190
-
7,180
35,641
-
30,191
3,493
-
5,559
6,925
-
6,710
639
-
840
2,817
-
1,552
150
-
-
13,265
-
14,481|
||240,928
-
205,737|
**2024**
**2024**
**2023**
15
## THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
|**4.2**
**Charitable activities - Support costs**
Staff costs
Employer NI and Pension
Insurance
Premises Rates, light and heat
Telephone
Printing Postage and stationery
Office admin expenses
Premises maintenance
Travels expenses
Dues and Subscriptions
Website, Internet and IT expenses
Clearing waste management
Payroll and bookkeeping
Security Service
Fire Alarm System
Depreciation of Freehold property
Depreciation of Office equipment
Depreciation of Fixtures and fittings
Depreciation of Motor vehicles
Depreciation of Church equipment
Total
**5. FINANCE COSTS**
Bank charges and interest charges
**6. GOVERNANCE COSTS**
Legal & professional fees|£
£
**Unrestricted**
**Restricted**
25,000
-
2,757
6,543
-
33,060
-
5,500
-
1,432
-
3,372
-
32,360
-
33,724
-
175
-
2,150
-
1,202
-
828
1,733
-
521
-
13,089
-
4,877
-
943
-
11,651
-
342
-|£
25,000
2,757
19,253
31,910
5,357
116
1,081
4,247
19,826
624
1,092
337
486
2,665
194
13,089
3,651
1,110
11,651
403|
|---|---|---|
||181,260
-|144,850|
||**422,188**
**-**|**350,587**|
||**2024**
1,338
**2024**
£
19,300
**19,300**|**2023**
1,297|
|||**2023**
£
1,900|
|||**1,900**|
## **NET MOVEMENT IN FUNDS FOR THE YEAR**
16
## THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
|The net movement in funds for the year is stated
after
charging:
Depreciation of tangible fixed assets
Legal & Professional fees|**2024**
**£**
30,903
19,300
**50,203**|**2023**
**£**
29,904
1,900|
|---|---|---|
|||**31,804**|
## **7. FIXED ASSETS**
|**7. FIXED**
**ASSETS**|||
|---|---|---|
|**COST**
At 01 January
2024
**Add:**
**Additions**
**At 31**
**December**
**2024**
**Depreciation**
At 01 January
2024
Charge for the
year
**At 31**
**December**
**2024**
**Net book**
**value**
**At 31**
**December**
**2024**
**At 31**
**December**
**2023**|
|**Land and**
**Buildings**
**Music and church**
**equipment**
**Fixtures &**
**Fittings**
**Motor**
**Vehicles**
**Computer**
**Equipment**
**& software**
**Total**
£
£
£
£
£
654,463
58,524
32,243
46,605
6,372
798,207
-
11,822
-
-
-
11,822|
|||654,463
70,346
32,243
46,605
6,372
810,030
184,559
37,834
25,956
34,954
4,090
287,394
13,089
4,877
943
11,651
342
30,903|
|||**197,649**
**42,711**
**26,899**
**46,605**
**4,433**
**318,297**|
|||**456,814**
**27,635**
**5,344**
**-**
**1,939**
**491,733**|
|||469,904
20,690
6,287
11,651
2,281
510,813|
**8.DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
17
## THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
|Members Loan
Gift aid receivable
**9.CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR**
Obligations under finance lease
contracts (10.1)
Taxation, pension and social security
Professional fees
Youth and Children's camp (restricted)
**10.CREDITORS:AMOUNTS FALLING DUE AFTER ONE YEAR**|**2024**
**£**
8,000
-
8,000
**2024**
**2024**
**£**
**£**
**Unrestricted**
**Restricted**
8,040
-
10,776
-
1,200
-
-
261|**2023**
**£**
1,500
51,901|
|---|---|---|
|||53,401|
|||**2023**
**£**
8,040
12,415
1,200
1,766|
||20,016
261|23,421|
||||
|Obligations under finance lease
contracts (10.1)
Other creditors|**2024**
**2024**
**2023**
**£**
**£**
**£**
**Unrestricted**
**Restricted**
10,417
-
18,054
-
-
-
-
-
-|
|---|---|
||10,417
-
18,054
11,537
-
11,537|
||21,954
-
29,591|
**10.1 OBLIGATIONS UNDER FINANCE LEASE CONTRACTS**
18
## THE REDEEMED CHRISTIAN CHURCH OF GOD (‘RCCG’) THE SANCTUARY
|Balance at 1 January
Principal Repaid/(termination of lease)
Interest repaid in the year
Due with one year
Due after more than one year|**2024**
**£**
26,094
5,888
1,749
18,456
-
18,456
8,040
10,417
18,456|**2023**
**£**
34,494
6,650
1,749|
|---|---|---|
|||26,094
-|
|||26,094|
|||8,040
18,054|
|||26,094|
|**11. FUNDS**
At 1 January
Surplus/(Deficit) for the year
At 31 December|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2024**
**2024**
**2024**
**2023**
**£**
**£**
**£**
**£**
607,156
7,921
615,077 643,887
- 129,797
-
- 129,797
(28,810)|
|---|---|
||**477,359**
**7,921**
**485,280 615,077**|
## **11.1 UNRESTRICTED FUNDS**
These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.
## **11.2 RESTRICTED FUNDS**
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria are identified to the fund.
19