Charity number: 1084575
REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF
RESTORATION
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
CONTENTS
Page
Reference and administrative details of the Charity, its Trustees and advisers
Trustees, report
Independent examiner's report
ststement of financial activities
Balance sheet
10
ststement of cash flows
Notes to the financial ststements
12-28

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
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
Mr O Olatunbosun
MrAAOjo
Dr A Obisesan
Ms S Onibuje
Minister In Charge
Pastor A A Ojo
Charity registered
number
1084575
Principal office
46 Hollywood Way
Erith
Kent
DA8 2QE
Accountants
AdeKay & Co Limited
Chartered Certified Accountants
6 Medcalf Road
Enfield
EN3 6HL
Bankers
Barclays Bank PIC
737 Barking Road
Plaistow
London
E139PL
Page 1

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustee present their annual report together with the financial statements of Redeemed Christian Church of
God {'RCCG'} Place of Restoration (the charity) for the year ended 31 December 2024. The Trustees confirm
that the annual report and financial statements of the charity have been prepared in accordance with the
accounting policies set out in note 2 to the accounts and comply with the charity's trust deed, the Charities Act
2011 and Accounting and Reporting by Charities.. Statement of Recommend Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland IFRS 1021 { effective 1 January 2019).
Objectives and activities
a. Policies and objectives
The objects of the Charity are..
The advancement of the Christian faith worldwide,. and
The relief of povety.
Our primary objective is to seek the advancement of Christian religion in accordan￿ with preaching of the faith
of the early Apostles and wherever possible, educate people using the word of God as our guide.
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}'.
b. Strategies for achieving objectives
The church has adopted the following strategies for achieving the above objectives:
organisation of seminars in the church with proven speakers and ministers of the faith to guide members
in the various aspects of the Christian faith., and
support for other charities and Christian events
Planting of churches and
Organise, seminars, training and workshops within the community.
We also engage in activities that advan￿ the prevention and relief of povety through community activities that
help to provide needed education and skills to make income for our beneficiaries. We provide trainings in craft
and tailoring for women and young girls and, music and photography training for young people. For those out of
work or unemployable, we organise trainings on interview techniques, workplace etiquettes, CV writing amongst
others.
c. Public Benefit Statement
The Board of Trustees confirm that they have met their duties in strict compliance with the provisions of section 4
and 17 of the Charities Act 2011, and have due regards to the Charity Commission's general guidan￿ on public
benefit. Particular consideration has been given to the Charity Commission's supplementary public guidance
provisions on the advancement of religion for public benefit
d. Volunteers
The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, it is
estimated that over 2,400 volunteer hours were provided during the year. If this is conservatively valued at
£10.00 an hour the volunteer effort amounts to over £24,000.
Page 2

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activities {continued)
e. Main activities undertaken to further the Charity's purposes for the public benefit
The mission of the Church is to worship God as it ￿lebrateS its diversity according to the teachings of Jesus
Christ. Through social ministry, prayer, and pastoral care we will express God's kingdom of love. We also
engage in community developments through transfer of knowledge and skills to beneficiaries.
Page 3

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance
a. Main achievements of the Charty
We run Sunday church ServI￿S and midweek bible study and prayer meetings to enable beneficiaries connect to
God and experience the love of God. Our Servi￿S.
Ensure our parishioners experience increased awareness of God's presence and to ￿lebrate God's love.
help people to learn and grow as Christians, through mutual support and care., and
be a good neighbour to people in need and challenge injusti￿.
The Charity's community project, Craft and Tailor trainings did not hold during the year 2024. However, the
charity continues to provide virtual support to the trainees that requested for it.
The charity supplied Christmas hampers to over 50 families in the community during the Christmas festive
period. This is to provide support to help families on low income have a de￿nt Christmas meal.
The charity collected used clothes which were shipped to less previledged families who are in need of them.
b. Review of activities
During the year under review, the pla￿ of Restoration was of benefit to its congregation and its local community
both spiritually and to a limited extent, financially. Apart from the regular weekly church ServI￿S and prayer
meetings, the church organised seminars, training, and workshops to address issues relating to health and
financial managements.
The charity engaged in the underlisted charity events for the benefits of her community.
1.March 2024- Involved in community evangelism tagged Let's go A-Fishing. This is a community outreach that
takes the love and word of God into the community.
2.July 2024 - Held her annual conferen￿, The Restoration Conference. The theme for the conference was
"Manifold and Supematural Recoveries" During the conference, the church held several seminars focussing on
Building Beautiful Relationships, as well as Business & Investment Seminar.
3.August 2024 The church organised a summer trip to the seaside (Canvey Island) for the benefits of the
young people in the community.
4.October 2024 The church held a Black History Sunday Servi￿. joining the nation to observe the Black
History Month.
5.December 2024 - The church held series of activities to commemorate Christmas and support the community
members during Christmas. The church gave out food hampers and held a carol and Christmas lunch event.
The Charity is content with the benefits of its activities to the beneficiaries and will continue with the activities in
the coming year.
Page 4

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
. Going concern
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity 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.
b. Reserves policy
The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible
fixed assets ('the free reserves,) held by the church should be 3 months of average annual expenditure. At this
level, the Trustees holds the view that they would be able to continue the current activities of the church in the
event of a significant drop in funding.
Structure, governance and management
a. Constitution
Redeemed Christian Church of God -The Place of Restoration is a registered charity, number 1084575, and is
constituted under a Trust deed dated 27th October 2000.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees vtho are elected and co-opted under the
terms of the Trust deed.
. Organisational structure and decision-making policies
The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration
of the church is managed by the trustees.
d. Policies adopted for the induction and training of Trustees
Most trustees are already familiar with the activities of the charity as they are drawn from members who have the
skill set to offer and empathy with our core values. Newty elected trustees are encouraged to attend a series of
training sessions led by the Chair.
The courses attended equip the trustees with skills to carry out their duties as trustees. The training enables
them to understand..
Their obligation as trustees.
The importance of the main documents which set out the operational framework for the charity including
the trust deed.
The control of resources and cu￿ent financial position using the management accounts.
Their responsibility for the statutory accounts.
How to translate future plans and objectives into budgets and plans.
Use of budgetary control.
During induction, they meet other trustees. As part of the induction training, they are encouraged to attend
appropriate external events where these will facilitate the undertaking of their role.
Page 5

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management (continued)
e. Related party relationships
The Place of Restoration is a member of the Redeemed Christian Church of God (RCCG) which has parishes all
over the wodd. The parish's relationship with RCCG and other parishes is govemed by an 'Agreement for
Common Purposes,.
Under the Common Purposes Agreement (see above), The Place of Restoration has agreed to make an annual
contribution to RCCG (UK). In addition, the church supports missionary organisations such as Festival of Life
and World Evangelism Mission. The church also provides support to members of the congregation (at the
discretion of the trustees) who are in need.
f. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the
operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate
exposure to the major risks.
Plans for future periods
The church continues to explore various ways of spreading the gospel of Christ in an effective manner.
The charity is also looking to grow in membership and continue to develop its members to make life changing
impact in society.
In addition to the Craft and Tailor It project, the charity intends to launch a new project called Imagination.
The main objective of imagination is to help develop digital skills for young people in area of photography and
help move them away from anti-social behaviour in the community by making them responsible members of the
community.
Members. liability
The Members of the Charity guarantee to contribute an amount not exceeding £1 to the assets of the Charity in
the event of winding up.
Page 6

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
TRUSTEES. REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Trustees, report and the financial statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practi￿).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for
each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources
and application of reSoUr￿s, including its income and expenditure, for that period. In preparing these financial
statements, the Trustees are required to=
select suitable accounting policies and then apply them consistentty.,
observe the methods and principles of the Charities SORP (FRS 102).,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material
departures disclosed and explained in the financial statements.,
prepare the financial statements on the going con￿rn basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain
the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity
and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity
(Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for
safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
Dr A O Obisesan
Trustee
Date: 28 October 2025
Page 7

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examiner's report to the Trustees of Redeemed Christian Church of God -The Place
of Restoration ('the Charity.)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2024.
Responsibilities and basis of report
As the Trustees of the Charity 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 Charity'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)Ib) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the Charity has prepared the accounts in accordan￿ 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.
l 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 practi￿ effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confimi that no matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
the accounts do not accord with those records,. or
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 fairf view which is not a matter considered as part of an independent
examination.
I have no concems 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.
This report is made solely to the Charitys Trustees, as a body, in accordan￿ with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's
Trustees those matters l am required to state to them in an independent examinerfs report and for no other
purpose. To the fullest extent pemiitted by law, I do not accept or assume responsibility to anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
Dated: 29 October 2025
Adegboyega Adesigbin FCCA
AdeKay & Co Limited
Chartered Certified Accountants
6 Medcalf Road
Enfield
EN3 6HL
ACCA
Page 8

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted
funds
2024
Restricted
funds
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Investments
42,936
203
3,013
45,949
203
54,475
103
Total income
43.139
3.013
46,152
54,578
Expenditure on:
Charitable activities
53,201
Total expenditure
53,201
Net movement in funds
11,209)
3,013
1,804
1,377
Reconciliation of funds:
Total funds brought forward
Net movement in funds
11,360)
11.209)
24,128
3.013
22,768
1,804
21,391
1,377
Total funds carried forward
12.569)
27.141
24,572
22, 768
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 12 to 28 fomi part of these financial statements.
Page 9

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Note
Fixed assets
Tangible assets
10
976
3,836
976
3,836
Current assets
Debtors
Cash at bank and in hand
738
2,841
18,441
25.208
25,946
21,282
Current liabilities
Creditors.. amounts falling due within one
year
12
(2.350)
(2.350)
Net current assets
23,596
18,932
Total assets less current liabilities
24.572
22,768
Net assets excluding pension asset
24,572
22,768
Total net assets
24.572
22, 768
Charity funds
Restricted funds
13
27.141
12,569)
24, 128
(1,360)
Unrestricted funds
13
Total funds
24.572
22, 768
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Dr A O Obisesan
Trustee
Date: 28 October 2025
MrAAOjo
Trustee
The notes on pages 12 to 28 form part of these financial statements.
Page 10

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Cash flows from operating activities
Net cash used in operating activities
6,997
5,490
Cash flows from investing activities
Interests from investments
Purchase of tangible fixed assets
(230
(104)
(2, 162)
Net cash used in investing activities
(230
{2,266
Cash flows from financing activities
Net cash provided by financing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
6,767
3,224
18,441
15,217
Cash and cash equivalents at the end of the year
25.208
18,441
The notes on pages 12 to 28 form part of these financial ststements
Page11

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General infomiation
Redeemed Christian Church of God - The Pla￿ of Restoration charity number 1084575, is a Charity
trust established by a declaration of Trust Deed dated 27th October 2000. The office address is
46,Hollywood Way, Erith Kent DA8 2QE.
Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordan￿ 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 fairf 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
Practi￿ effective from 1 April 2005 which has Sin￿ been withdrawn.
Redeemed Christian Church of God -The Place of Restoration 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 Going concern
The trustees consider that there are no material Un￿rtaIntieS about the charity's ability to continue as
a going concern. The trustees do not consider that there are any sources of estimation uncertainity at
the reporting date that have a significant risk of causing a material adjustment to the carrying
amounts of assets and liabilities within the next reporting period.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to donations re￿iVed under Gift Aid or deeds of covenant is
recognised at the time of the donation.
Page 12

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2A Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, 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 be￿een those activities on a basis consistent with
the use of reSoUr￿s. 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
Charity's
objectives
as
well
as
any
associated
support
costs.
Support costs are those costs incurred directly in support of expenditure on the objects of the church
and include project management carried out at Headquarters. Govemance costs are those incurred
in connection with administration of the church and Complian￿ with constitutional and statutory
requirements.
Grants payable are charged in the year when the offer is made ex￿pt 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.
2.5 Interest receivable
Interest on funds held on deposit is included when re￿1vable and the amount can be measured
reliably by the Charity,. this is nomially upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 Tangible fixed assets and depreciation
Tangible fixed assets costing £500 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.
At each reporting date the Charity assesses whether there is any indication of impairment. If such
indication exists, the recoverable amount of the asset is determined to be the higher of its fair value
less costs to sell and its value in use. An impairment loss is recognised where the carrying amount
exceeds the recoverable amount.
Page 13

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.6 Tangible fixed assets and depreciation (continued)
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 basis=
Music & church equipment
Motor vehicles
Fixtures and fittings
Office equipment
Computer equipment
33.330A straight line
25.00 % reducing balance
12.50 % straight line
25.00 % reducing balance
33.330A straight line
2.7 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.
2.8 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.
2.9 Liabilities and provisions
Liabilities are recognised when there is an obligation at the balan￿ 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 Charity 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.
2.10 Financial instruments
The Charity 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 ex￿ptIOn of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.11 Operating leases
Rentals paid under operating leases are charged to the statement of financial activities on a straight
line basis over the lease term.
Page 14

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accounting policies (continued)
2.12 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtheran￿ of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted funds are fijnds which are to be used in accordan￿ with specific restrictions imposed by
donors or which have been raised by the Charity 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.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donations and legacies
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Donations
Offerings
Tithe
GiftAid
14,999
19.826
8,111
14.999
19,826
8.111
Similar incoming resources
Building Fund
3,013
3,013
Subtotal detailed disclosure
42,936
3,013
45,949
Total 2024
42,936
3,013
45,949
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Donations
Offerings
Tithe
Gift Aid
12,873
25, 864
9, 638
12,873
25, 864
9,638
Similar incoming resources
Building Fund
6, 100
6,100
Page 15

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donations and legacies (continued)
Unrestricted
funds
2023
Restricted
funds
2023
Total
funds
2023
Subtotal detailed disclosure
48,375
6, 100
54,475
Total 2023
48,375
6, 100
54,475
Investment income
Unrestricted
funds
2024
Total
funds
2024
Bank interest re￿1vable
203
203
Unrestricted
funds
2023
Total
funds
2023
Bank interest re￿1vable
103
103
Analysis of grants
Grants to
Institutions
2024
Total
funds
2024
Missions
4,235
4,235
Page 16

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of grants (continued)
Grants to
Institutions
2023
Total
funds
2023
Missions
6.980
6,980
The Charity has made the following material grants to institutions during the year..
2024
2023
Name of institution
COF Fund
Festival of Life
600
600
420
420
WEM
1.800
1,710
2,000
300
Camp Ground Fund
Council of African & Carebean Church UK
Elbethel Ministry UK
RCCG Shepherd Glory
RCCG Light House
RCCG Great Grace Assembly
RCCG House of Judah
Another Chance Intemational
RCCG Inspiration House
RCCG Kings of Kings
Good Women Fellowship
100
1,200
250
100
50
250
450
320
145
500
4.235
6,980
4,235
6,980
Page 17

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of expenditure on charitable activities
Summary by fund type
Unrestricted
funds
2024
Total
2024
Advancement of Christian faith
40,113
4,235
40,113
4.235
Missions and charitable donations
44,348
44,348
Unrestricted
funds
2023
Total
2023
Advancement of Christian faith
46,221
6,980
46,221
6,980
Missions and charitable donations
53,201
53,201
Summary by expenditure type
Depreciation Other costs
2024
2024
Total
2024
Advancement of Christian faith
2,859
37,254
4,235
40.113
4,235
Missions and charitable donations
2,859
41,489
44,348
Depreciation
2023
Other costs
2023
Total
2023
Advancement of Christian faith
Missions and charitable donab'ons
3, 062
43, 159
6,980
46,221
6,980
3, 062
50, 139
53,201
Page 18

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of expenditure on charitable activities (continued)
Summary by expenditure type (continued)
Analysis of expenditure by activities
Grant
funding of
activities
2024
Support
costs
2024
Total
funds
2024
Direct costs
2024
Advancement of Christian faith
Missions and charitable donations
20,602
19,511
40,113
4,235
4,235
20,602
4,235
19,511
44,348
Grant
funding of
activities
2023
Support
Gosts
2023
Total
funds
2023
Direct Costs
2023
Advan￿rnent of Christian faith
Missions and charitable donations
25,647
20,574
46,221
6,980
6,980
25,647
6,980
20,574
53,201
Page 19

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of expenditure by activities (continued)
Anatysis of direct costs
Advanceme
ntof
Christian
faith
2024
Total
funds
2024
Missionary and charitable donation
Visiting speakers expenses
Hall Rental
1,135
450
1,135
450
9,206
6,610
2,371
830
9,206
6.610
2,371
830
Training (Music & Mission )
Conference and seminars
Muscial Equipment
20,602
20.602
Advancemen
t of Christian
faith
2023
Total
funds
2023
Visiting speakers expenses
Hall Rental
Training (Music & Mission)
Conference and seminars
Muscial Equipment
Mission Work Support
3, 625
6.356
7, 000
3.366
3, 259
2.041
3, 625
6,356
7,000
3,366
3,259
2.041
25,647
25,64T
Page 20

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of expenditure by activities (continued)
Anatysis of support costs
Advanceme
ntof
Christian
faith
2024
Total
funds
2024
Depreciation
Dues and subscription
Visiting speakers expenses
Ministry expenses
Printing, postages & stationery
Refreshments
2,859
1,509
1,553
1,710
254
300
2,859
1.509
1,553
1.710
254
300
Transport and travel
Gifts and donations
1,459
600
1,459
600
Ministry expenes
Insuran
1,359
435
1,359
435
Hospitality
IT Consumables
3,138
754
3,138
754
Telephone
Church Group
Community Engagement
Instrumentalist
144
541
144
541
2,071
275
2,071
275
Governan￿ costs
550
550
19,511
19,511
Page 21

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Anatysis of expenditure by activities (continued)
Anatysis of support costs (continued)
Advancemen
t of christian
faith
2023
Total
funds
2023
Depreciation
Dues and subscription
Ministry expenses
Printing, postages & stationery
Transport and travel
Gifts and donations
3.062
444
3,062
444
1.090
712
1.090
712
1.692
2, 125
702
417
1,692
2, 125
702
417
Church expenses
Insurance
Hospitality
IT Consumables
3.398
1,670
240
422
3,398
1,670
240
422
Telephone
Church Group
Community Engagement
Instrumentalist
3.400
650
3.400
650
Governance costs
550
550
20,574
20,574
Independent examiner's remuneration
2024
2023
Fees payable to the Charity's independent examiner for the independent
examination of the Charity's annual accounts
550
550
Trustees. remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2023 - £NIL).
During the year ended 31 December 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 22

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF
RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
10. Tangible fixed assets
Music and
church
equipment
Motor
Fixtures
Office Computor
vehicles and fittings equipment equipment
Total
Cost or valuation
At 1 January 2024
22,045
10,575
1,103
1,492
6,769
41,984
At 31 December
2024
22,045
10,575
1,103
1,492
6,769
41,984
Depreclatlon
At 1 January 2024
Charge for the year
18,998
2,616
10,575
1,103
1,252
60
6,220
183
38,148
2,859
At 31 December
2024
21,614
10,575
1,103
1,312
6,403
41,007
Net book value
At 31 December
2024
431
180
366
977
At 31 December
2023
3,047
240
549
3,836
Page 23

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11.
Debtors
2024
2023
Due within one year
Gift Aid re￿1vable
738
2,841
738
2,841
12. Creditors: Amounts falling due within one year
2024
2023
Accruals
2,350
2,350
Page 24

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13.
Statement of funds
Statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income Expenditure
Unrestricted funds
General Funds 1
(1.360)
43.139
(44.348)
{2.569)
Restricted funds
Restricted Fund 1
24.128
3.013
27,141
Total of funds
22,768
46,152
(44,348)
24,572
Page 25

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13.
Statement of funds {continued)
Statement of funds - prior year
Balance at
31
December
2023
Balance at
1 January
2023
Income Expenditure
Unrestricted funds
General Funds 1
3,363
48,478
(53, 201)
(1,360)
Restricted funds
Restricted Fund 1
18,028
6, 100
24,128
Total of funds
21,391
54,578
(53, 201)
22,768
14. Summary of funds
Summary of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income Expenditure
General funds
Restricted funds
11,360)
24.128
43,139
3.013
(44,348)
{2,569)
27,141
22,768
46.152
(44,348)
24,572
Page 26

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
14.
Summary of funds (continued)
Summary of funds - prior year
Balance at
31
December
2023
Balance at
1 January
2023
Income Expenditure
General funds
3,363
18,028
48,478
6, 100
(53, 201)
(1,360)
24, 128
Restricted funds
21,391
54,578
(53, 201)
22, 768
15. Analysis of net assets between funds
Analysis of net assets between funds - current period
Unrestricted Restricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
976
976
{1,195)
(2,350)
27,141
25,946
(2.350)
Total
{2,569)
27,141
24,572
Anatysis of net assets between funds - prior period
Unrestricted
funds
2023
Restricted Endowment
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
3, 836
(2,846)
(2, 350)
3, 836
21,282
(2,350)
24, 128
Total
24, 128
(1, 360)
22,768
Page 27

REDEEMED CHRISTIAN CHURCH OF GOD-THE PLACE OF RESTORATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16.
Reconciliation of net movement in funds to net cash flow from operating activities
2024
2023
Net income for the period (as per Statement of Financial Activities)
1.804
1,377
Adjustments for:
Depreciation charges
Investment income
2,859
230
3,062
103
Decrease in debtors
Increase in creditors
2,104
168
780
Net cash provided by operating activities
6,997
5,490
17. Analysis of cash and cash equivalents
2024
2023
Cash in hand
25,208
18,441
Total cash and cash equivalents
25,208
18,441
18. Anatysis of changes in net debt
At1
January
2024 Cash flows
At31
December
2024
Cash at bank and in hand
18.441
6.767
25.208
18.441
6.767
25,208
Page 28