Charity registration number: 1084806 Redeemed Christian Church of God - City Church Annual Report and Financial Statements for the Year Ended 31 December 2024
Redeemed Christian Church of God - City Church Contents (continued) Reference and Administrative Details Trnstees, Report 2to3 Statement of Twstees, Responsibilities Independent Examinevs Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 8t0 15
Redeemed Christiall Church of God - City Church Reference and Administrative Details Trustees Sola Solanke Mrs Sade Ofi Aderonke Oluwalowo 1084806 ChArity Registration Number Principal Office 14 Prdtt Mews London Nwi OAD Independent Examiner Edgar Merrell Ltd 4 Meadow Gardens Edgware Middl¢sex HA8 9LH Bankers Barclays Bank Swiss Cottage 131 Finchley Road Swiss Cottage London NW3 6JA Page I
Redeemed Christian Church of God - City Church Trustees, Report The tystees present the annual report together with the financial statements of the charity for the year ended 31 December 2024. Objectives and activities Publlc benefil Offering publi¢ servie¢s of worship Provision of foodbank to the public Contributing to the spiritual and moral education of children The trustees confimi that they hav¢ complied with the requirements of section 17 of the Charities Act 201 I to have due regard to th¢ public bcnefit guidance published by the Charity Commission for England and Wales. Achievements Vdnd performance The Foodbank initiative was launched on 20th December 2011. Till date the number of people fed by Camden Foodbank has incrcased from two in 201 I to 5,154 (3.677 adults and 1,477 children) in 2024. The number of ¢lients continues to rise due to the cost-of-living crisis and inflation. The Foodbank undertook several superniarket collections (mainly Tesco) in 2024. Collecting a total of 12,286.Olkg. Hampstead Road collection was the largest donation for 2024 with a total of 20,092kg. Further donations from businesses, individuals, charities. schools and churches totslled 44,066.2kg for the year 2024. The large amounts of financial and food donalions have enabled Camden Foodbank to distribute the highest amount of food parcels since its inception. The Foodbank continues to work closely with key social services in Camden such as the Citizens Advice Bureau (CAB) and job centres {Kentish Town and Islington). Financial review The Charity's Income for 2024 representg an increase of 220/0 compared to 2023, mainly due to grants received relating to the Foodbank. Overall expenditure inereased by 329/0 Compared to the prior year, driven mainly by the growing activities of the Foodbank. The entire expenditure of the Charity is directly related to its objects. The Statement of Financlal Activities, Balance Sheet and Notes are appended to this report. Plan$ for future periods AIN andkey obJectlvesforfythreperiodF The church plans to continue its renewed evangelism program by teaching tnore people about the Christian religion and sharing more inforniation about the gospel hence allowing them to liv¢ a good Christian life. Th¢ ministers of the church will continue to be trained to help with youth, mwTiage, parenting and bereavement counselling. the church aims to continue to organise leadership semlnars, retreats etc to enhance the competence of church leaders. The church aims to continue using all social media platfotms to propagate the gospel to the wider community. During the pand¢mic the church moved services to vimal platfornis. Online meetings are now a pernian¢nt offering and there ar¢ ongoing works to enhance the levels of service delivery. The church inlends to continue to us¢ the foodbank to make mor¢ positive changes within our community and to impact more lives.The church intends to offer further services above food provision to help people get out of povety. Page 2
Redeemed Christian Church of God - City Church Trustees, Report (continued) AetiVinsplanned lo 4ehiev¢ aims The chwch will conttnually Support appointed leaders lor evangclism who will guide the congregation. leaderb will scni on rewilar tr41ning In .DSllre 4at Ihpji p.re ivell 4&qiiippeA for new and on81n£ Cbiich miniqtcl's will Gonttnue io enrol on scheduled irtreats and confeL'ellCCS 10 aid leaderbhip and spiriwal d¢velopm¢Dt. The church will Iso amnge soeial mcdia courses for leaders and mcmbcrs ro enhanue r¢a6hing out capabiliti&s. Th¢ plan is to increase foodbank opening hours and to Ci)nsider additional ouil¢ts in order io reach more clients. The church will explore other avenues tor alleviatmg povew in Camden by pamerÉng with tinanciai and benefit advisers as nectt8sary. The church wryll explore opportu#itie5 to signpost clients to the best help avail&bl¢. Struc¢ur& governanee and management h'umre oJgoverMng4(JcumeHI The Chariiy's gov¢rning document 18 the De¢laration of frusi daied 20Lb December 2000. The prirnary objects of tbe ch}ry are.. - the advancerncnl ofchristian faith worldwide.. - the relief of poverty,. counselling in rclation to marriage, youth, rarcer, parenting and bere&vemenE - support IOT famiLieb' Iraining leaders. - enbauLill¥ $oLiI and Lommunity Ante¥raiivll. Mujor rlsks dnd mttnugtmenl vflhose rl$ks Th¢ TrtISt reLo¥nthe unLei'tdinly of tllre inLume as tlie main i'isk facing Lhe Chariry. The Tiusiees actively review the major rith" tch the Charity faces on & regular basis and believe that nuiLiainin8 sufficient rcsourGcs in the evcnl of advcrse condillODS. The TstcC5 have also Cxamined other operdtional and business risks taccd by the Charity and confirm that they hav¢ established syst¢ms 10 mitigatc any significant ri6ks. The 8nnual report was approved by th¢ rrustees of the charity on 20 October 2025 and signcd on its behalf by: Sola Solanke Tiu8tre Page 3
Redeemed Christian Church ol. God - City Church Statement of Trnstees, Responsibilities The trustccs are responsiblc for prep8ring the Irustres, report and the tinancial stai¢menis in accordance with thc United Kingdom Accounting Standai'd5 (Unitcd Kingdom Generally Arceptcd Accounting Praciice) and applicable law and regulations, The law applicable to ch]u¢S requires the trustees to prepare fmancial stAlements for each tinancial year which give a ttue and fair view ot- the SW¢ of affairs of thc charity and of the incoming rcsoui's and applicaiton of rebOiULes of Lhe Chw'iry fur that period. In pi'eparing tliete financial statements the trusteLs aL'e required to: select suitable uccountillg policies and then apply them consistently: obtserve the methods and principles ill the ChariLies SORP. make judgemerELS estimates 1 are reosonable and prndent,. state whether applicablc aoUntIng standards have been tollowcd, subject to any material departures disclosed and explain¢d in the financial ststcments- and prepare the financial statements on the going concern basi8 utsl¢ss li is inappropriate to presume that the chariry VAiI continue in business. The trusteas are responsible for keeping proper Accouniing records that distlose with reasonable accuracy at any Ume tbe financial posiiion of the Ch.1¢Y and enable them lo ensure thai the financi21 Sts[emen comply with the Cbariries Act 2011, Ibe Charities (Accounts and Reports) Rcgulallollb 2008, and the provisions of the constitutioIi. The tnas1¢¢6 Jre also responsible for 8afeguoTdin8 th¢ ass¢rs of the charity £tnd hcncc for thkin8 r¢asonable steps tor tbe preverttion det¢ction of fraud and other intgularities. The uvsiets orc rebponsible for the njainienance and integrity of the corporate and linancial infomtstioD included on the ckari&ible cothpany's websit¢. Lcgislation governing th¢ preparation and dis8cmination ot tinancial statements may differ from legisl10n in other jwisdi¢cions. Approved by d)e mistees of the charity on 20 Oeiober 20*S and sistted on its. behalf by.. Sola Solanke TNste¢ Page 4
Redeemed Christian Church of Cod - City Church Independent Examiner's Report to the trustees of Redeemed Christian Chureh of God - City Church I report to the trSte¢S on my examination of th¢ accounts of Redeemed Christian Church of God - City Church for the year ended 31 December 2024. Responsibilities and bgsis of report As the charity tsvstees of Redeemed Christian Cbur¢h of God - City Church you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the Redeemed Christian Church of God - City Church's accounts carried out under section 145 of the 201 l Act and in carying out my examination I have followed all the applicable Directions given by the Charity Con)Jnission under section 145(5Xb) of the Act. Independent examiner's statement I have complet¢d my examination. I confirn] that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. l. ac¢ounting records were not kept in respect of Redeemed Christian Church of God - City Church as required by section 130 of the Act. or 2. the accounts do not accord with those re¢ords' or 3. the accounts do not comply with the accounting requirements concerning the forn) and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that th¢ accounts give a 'trut and fair view, which is not a matter considered as part of an independenl examination. I have no concerns and have come acmss 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. Femi Ogidan FCCA 4 Meadow Gardens Edgware Middlesex HA8 9LH 20 October 2025 Page 5
Redeemed Christian Church of God - City Church Statement of Financial Activities for the Year Ended 31 December 2024 Unrestricted fuDds Restricted fund$ Total 2024 Note Ineome and Endoivments from.. Donations and legacies Investsnent income 62,095 688 181,450 243,545 688 Total income 62,783 181,450 244,233 Expenditure on: Charitable activities Other expenditure Total expenditure (88,329) 747) (127,879) (2 I6,208) 747 89,076 127.879) 216,955 Net (expenditiJre)/income 26,293) 53.571 27,278 Net movement in ftmds (26,293) 53,571 27,278 ReconelllAtlon of funds Total funds brought forward Total fimds carried forward 9,600 328,576 338,176 13 382,147 Restricted nd$ 365,454 Total 2023 Unrestricted runds Note Income and Endowments from: Donations and legacies Investtnent income 70,258 416 128,893 199,151 416 Total income 70,674 128 893 199,567 Expenditure on: Charitable activities 51,452 54,481) 105,933) Total expenditure Net income (51,452 (54,481 (105,933 19,222 74.412 93.634 Net movement in funds 19,222 74,412 93.634 Reconelliation of funds Total fid5 brought forward Total fimds carried forward (9,622) 9,600 254,164 244,542 13 328,576 338,176 All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2023 is shown in note 13. The notes on pages 8 to 15 forni an integral part of these financial statem¢nts. Page 6
Redeemed Christian Church of God - City Church (Registration number: 1084806) Balance Sheet as at 31 December 2024 2024 2023 Note Flxed assets T&ngble ats¥ets 14,034 Current Assets Debtors Cash at bank and in hand io 8.000 344,860 352.860 5.500 334.062 339.562 Credlturs: Amuunts falllng du¢ withln une yar Net currenl assets 12 1,440 1.386 351.420 338,176 Net a$sel8 365,454 338,176 FuDds of the ch2rlty: Restrlcted income fundl R¢stricf¢d funds 382,147 328,576 UnrtrIcted ID¢ome fund$ Unrestricted funds (16,693 9.600 Total funds 13 365,454 338,176 Tht financial sratements on pa8es 6 to 15 wer¢ approved by the trustees. and authoris¢d for issue on 20 October 2025 and signed on their behalf by., Sola Solank¢ Trnscee The noies pages 8 to I S forni an In*gr part of th¢5e financial statemettts. Page 7
Redeemed Christian Church of God - City Church Notes to the Financial Statements for the Year Ended 31 December 2024 l Aecountfing policies Statement of complianee The fmancial statements have been prepared in accordance with the second edition of the Charities Statement of Recommended Practice issued in October 2019, the Financial Reporting Standard applicable in the Unit¢d Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparation Redeemed Christian Church of God- City Chuwh meets the defmition of a public benefit entity under FRS 102. Th¢ accounts (fmancial statements) hav¢ been prepared under the historical cost convention with items recognised at cost or transaction valu¢ unless otherwise stated in the relevant note(s) to these accounts. Going concern The trustees Consider that there are no material uncertainties about the Charity's ability to continue as a going conr¢rn. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recogni$¢d when the charity has entitlem¢nl to the incom¢, it is probable that the income will be received and the amount can be measured with sufficient reliability. Grants reeelvable Grants are recognised when the ¢harity has an entitlement to the fimds and any condition5 linked to the grants have been met. Where perforniance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred Èncome to be released. Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount Gan be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allo¢at¢d on a basis consistent with the us¢ of resourc¢s, with central staff costs allocated on the basis of time spcnt, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated based on the spread of staff costs. Charliable acllviik5 Charitable expenditure comprises those ¢osts incurred by the charity in the delivery of its activities and services for its beneficiarAes. It includes both costs that can be allocated directly to such activities and tbos¢ costs of an indirect nature neeessary to support them. Granlprovlslons Provisions for grants are made wh¢n the intention to make a grant has been communicated to the recipient but there is uncertainty about eithw the timing of the grant or the amount of grant payable. Page 8
Redeemed Christian Church of God - City Church Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) Support costs Support costs include central functions and have been allocated to actlvlty cost categories on a basis consistent with the use of resources, for example, allocating property Costs by floor areas, or per capitffj staff costs by the titne spent arAd other costs by their usage. Govern8n¢e eo$ts Th¢se include the costs attributable to the charity's compliance with conStitiOnal and statutory requirements, including audiL strategic management and trustees meetings and reimbursed expcnses. Taxatlon The charity is eonsidered to pass the tests set out in Paragrdph I Schedule 6 of the Finance Act 201 O and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from t&xation in respect of income or capital gains received within categories covered by Chapter 3 Part I I of the coOratIon Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992. to the ¢xtent that such incom¢ or gains are applied exclusively to charitable purposes. Tangible flxed assets Individual fjxed assets costing £250.00 or more are initially recorded at CQSL less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Depreelation and amortisation Depre¢iation is provided on tangible fixed asset$ so as to write off the cost or valuatioffj less any estimated residual value, over their expected usetsl economic life as follows,. Trade debtors Trad¢ debtors are amounts due from customers for merchandise sold or services perfornied in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method less provision for impairnient. A provision for the impairn]ent of trade debtors is established when there is objective evldence that the charity will not be able to collect aIl amounts due according to the original terns of the receivables. Cash and cash equivalents C&sh and cash equivalents comprise cash on hand and call deposits, and other short-tenn highly liquid inv¢slments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Page 9
Redeemed Christian Church of God - City Church Notes to the Financial Statements for the Year Ended 31 December 2024 (eontinued) Borrowings Int¢rest-bearing borrowings are initially recoTded at fair value, net of transaction costs. Interest-bearing boowingS are subs¢queThtly carried at amortised cost, Ivith the difference between the prnceeds, net of transaction costs, and the amount due on redemption being recognised as a Charge to the Statement of Financial Activities over the period of the relevant botrowing. tnterest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. Fund structure Unrestricted income funds are general funds that are available for use at the thist¢es discretion in fiJrth¢rance of the objectives of the charity. Restricted income llds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose, Ffinancial instruments Classlficailon Financlal assets and financial liabilities are recognised when the charlty becomes a party to the contractual provisions of the instjiunenl. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of th¢ ¢harity after deducting all of its liabilities. Recognltlon andmeasurÈmen¢ All flnancial assets and liabilities are initially measured at transaction price (including transaction costs), except for those fman¢ial assets ¢lassified as at fair value through profit or loss, which are initially measured at fair value (which is norn]ally the transaction price excluding transaction costs), unless the arngement constitutes a fanCIng transaction. If an arrangement constitutes a fmancing transaction, the fmancial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a Simil debt instnunent. Financial assets and liabilities are only offset in the statement of finaThci81 position Whe and only when there exists a legally enforceable right to set off the recognised amounts and the charity inteniL8 eith¢r to settle on a net basis, OT to realise the asset and settl¢ the liability simultaneously. Financial assets are derecognised when and only when a) the contracttlal rights to the cash flows from the fancial asset expire or are settled, b) the charity transfers to another p8ty substantially all of the risks and rewards of ownership of the financial asset, or c) the charity, despite having retained some, but not all, significant risks and rewards of ownership. has transferred control of the asset to angthcr paty. Financial liabilities are derecognis¢d only when the obligation specified in the contract is discharged, cancelled or expires. Page 10
Redeemed Christian Church of God - City Church Notes to the Financial Statements for the Year Ended 31 December 2024 (eontinued) 2 In¢ome from donations and legacies Unrestrieted funds General Restricted funds Totsl funds Grdnts, including capital grants. Grants from other charities Regular giving and capital donations Total for 2024 87,882 93,568 87,882 155,663 62,095 62,095 181,450 243,545 Total for 2023 70,258 128,893 199,151 3 Exptndithre on ebaritable aetivitie5 Unrestricted funds Ceneral Restricted funds Total funds Note Grant funding of activities Staff costs Allocated support costs Governance costs 1,525 3,115 77,924 5.765 1,525 3,115 205,803 5,765 127,879 Total for 2024 88,329 127,879 216,208 Totsl for 2023 51,452 54,481 105,933 Totsl expenditure 4 Other expenditure Unre5trlcted funds GeDeral Other Total funds Note Depreciation, amortisation and other similar costs Other resources expended Total for 2024 642 642 105 105 105 642 747 Pagell
Redeemed Christian Church of God - City Church Notes to the Finaneial Statements for the Year Ended 31 December 2024 (continued) 5 Analysis of governance and support costs Governance costs Unrestricted funds Ceneral Total funds tndependent examiner fees Examination of the fmancial statements Other governance costs Totsl for 2024 315 5,450 315 5,450 5,765 5,765 Totsl for 2023 3R5 315 6 Staff cost$ The aggregaTr payroll cost5 were as follows: 2024 2023 Stsff costs during the year were: Wa8¢s and salaries 3,115 2,647 No employee received emoluments of more than £60,000 during the ye 7 Independent examiner's remuneration 2024 2023 Examination of the fm8ncial statements 315 315 Page 12
Redeemed Christian Church of God - City Church Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 8 Taxation The charlty is a registered charity and is th¢Tefore exempt from taxation. 9 T4ngible fixed assets Furniture and equipment Total Co$t At l January 2024 Additions 11,947 14,676 11,947 14,676 At 31 December 2024 26,623 26,623 Depreeiation At l January 2024 Charge for the year At 31 December 2024 11,947 642 11,947 642 12,589 Net book value At 31 December 2024 14,034 14,034 At 31 December 2023 10 Debtors 2024 2023 Other debtors 8,000 5,500 I I Cash And eash equivalents 2024 2023 Cash at bank 344,860 334,062 12 Creditors: amounts falling due withln one year 2024 2023 Accnthls 1,440 1,386 Page 13
Redeemed Christian Church of God - City Church Notes to the Financial Statements for the Year Ended 31 December 2024 (Continued) 13 Funds Balance st 31 Deeember 2024 Balance at I January 2024 Incoming resources Resources expended Unrestrieted funds General 9,600 62,783 (88,434) 127,879) (16,051) 382,147 Reslrketed funds 328,576 181,450 Totsl funds 338,176 244,233 216,313 366,096 Balance at 31 December 2023 Balanee at I January 2023 Incoming resources Resources expended Unrestricted General 9,622 (70,674) (128,893 51,452 (9,600) (328,576) Restrleted 254,164 54,481 Total funds (244,542 199,567 105,933 338,176 14 Analysis of net assets betwe¢D funds Unrestrlet¢d funds General Total funds at 31 December 2024 Tangible fixed assets Current assets Currcnt liabilities 14,034 352,860 1,440 14,034 352,860 1,440 Total net assets 365,454 365,454 Unrestricted funds General Total funds fdt 31 December 2023 Cutr¢nt assets Current liabilities 339,562 (1,386) 339,562 (1,386) 338,176 Total net assets 338,176 Page 14
Redeemed Christian Church of God- City Church Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 15 Analysis of nel funds At31 December 2024 At l January 2024 Cash at bank and in hand 334,062 334,062 Net debt 334,062 334,062 At31 December 2023 At l January 2023 Cash at bank and in hand 245,863 245,863 Net debt 245,863 245,863 16 Related party transaetions Page 15
Redeerned Christian Chureh of God - City Church Stat¢ment of Financial Activities by fund for the Year Ended 31 December 2024 Total Total Unrestricted Unrestricted Funds Funds 2024 2023 Ineome and Endowments from: Donations and legacies Investment income 62,095 688 70,258 416 Total income 62,783 70,674 Expenditure on: Charitable activities Other expenditure Total expenditwe (88,329) (51,452) (89,076 51,452) Net (expenditure)lincome Net movement in funds (26,293 19.222 (26,293) 19,222 Reeoneiliation of fund$ Total fijnds brought forward Total fimds carried forward 9,600 (9.622) (16,693) 9,600 This page does not forni part of the statOry financial statements. Page 16
Redeemed Christian Chureh of God - City Church Statement of Financial Aetivities by fund for the Year Ended 31 December 2024 (continued) Total Restrieted Funds 2024 Total Restricted Funds 2023 Income and Endowments from: Donations and legacies Total income 181,450 128,893 181,450 128.893 Expendlture on: Charitable activities (127,879) 54,481) Total expenditure Net income 127,879 54,481) 53,571 74,412 Net movement in funds 53,571 74,412 Reconeiliation of funds Total fimds brought forward Total funds carried fOard 328,576 254,164 382,147 328.576 This page does not forni part of the statutory fmancial stat¢ments. Page 17
Redeemed Christian Church of God - City Cbureh Detailed Statement of Financial Activities for the Year Ended 31 December 2024 Total 2024 Tolal 2023 Income and Endowments from: Donations and legacies (analysed below) Invesknent income (analysed below) Total income 243,545 688 199,151 416 244,233 199,567 Expenditure on: Charitable activTrties (analysed below) Other expenditure (anaEysed below) Total expenditure (216,208) (747} (105.933) (216.955) 105,933) Net income 27.278 93,634 Net movement in fiJnds 27,278 93,634 Reeonciliation of funds Total fvnds brought forward Total funds carried forward 338,176 244,542 365,454 338,176 This page does not forni part of the statutory financial statements. Page 18
Redeemed Christian Church of God - City Church Detailed Statement of Financial Activities for the Year Ended 31 December 2024 (continued) Total 2024 Total 2023 Donations and legacies Committed giving Committed giving Giants receivable 93,568 62,095 87.882 104,879 70,258 24.014 243.545 199,151 Investmenl Ineome Bank interest receivable 688 416 688 416 Charilable actlvllles Grants payabEe - individuals Rent Rent Rates Light, heat and power Tel¢phone and fax Wages and salaries Wages and salaries Stsff pensions (Defmed eontribution)- pension scheme I Staff training Rent Insurance Repairs and maintenance Computer softwaTC and maintenance costs Cornputer goftware and maintenance ¢osts Printing> Postage and stationery Trdde subscriptions Charitable donatiODS Lease of motor vehicles (Spot hire) Sundry expenses Sundry expenses Travel and subsistence Travel and subsistence Hotel accommodation Accountancy fees Accountancy fees (1,525) (36,000) (12,000) (7,109) (1,844) (726) (73,140) (3,115) (2,474) (4,918) (16,800) (1,580) (1,380) (250) (42,500) (950) (6,645) (1,780) (842) (38,511) (2,647) (450) (16,650) (1,513) (3.113) (2,400) (2,095) (360) (390) (390) (3,410) (799) (4,069) (1.745) (2,912) (4,557) (13,670) (8,053) (1,200) (394) (300) (1,425) This page does not forni part of the statutory fllwlcial statements. Page 19 (1.795) (369) (1,071)
Redeemed Christian Church of God - City Church Detailed Statement of Financial Activities for the Year Ended 31 December 2024 (continued) Totsl 2024 Total 2023 Consultancy fees Consultancy fees Legal and professional fees Exceptional support costs Management charges payable Independent examinevs fee (1,260) (10,000) (1,728) (13,197) (10,200) 50,190 (5.450) (315) 315 216,208) (105.933) Other £rpendlthre Bank interest payable Depreciation of office equipment {105) 642 747 This page does not fonn part of the statutory fancIal statements. Page 20