REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID REPORTS & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 CHARITY NUMBER: 1091990
REDEEMED CHRtSTIAN CHURCH OF GOD (RCCG) CITY OF DAVID L al and Administrative Information CONSTITUTION The charity is constituted under a Trust Deed with registered charity number 1091990. TRUSTEES The trustees who served during year ended were as follow: Olufemi Alabi (Chair) Adewale Taoreed Alli Samuel Adah Odaudu Damola Akindutire CHURCH RCCG City Of David Snodhurst Bottom Walderslade Road Chatham Kent ME5 OLU BANKERS Barclays HSBC CAF INDEPENDENT EXAMINER Flourish Global Consulting (A firni with Chartered Accoutitants & Management Consultants) Unit 9 Challenge House 616 Mitcham Road Croydon CRO 3AA Page I
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID Contents Page Legal and administrative inforniation Trustees, Report Independent Examiners, Report Statement of Financial Activities Balance Sheet Notes forniing part of the financial statements 10-12
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID Trustees Report For The Year Ended 31st December 2024 The Trustees present their report together with the accounts for the Vear ended 31 st December 2024. The accounts have been prcparcd in accordance with th¢ Statement of Recommended Practice 2005 and other applicable laws. Structure Governance and Mana ement The charity is constituted under a Trust Deed with registered charity number 1091990. a) Method of Appointment or Election of Trustees The management of the church is the responsibility of the Trustees who are elected and coopted under the tenns of the Trust Deed. b) 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 other Chair and other Trustees: followed by a series of short meetings with the Minister in Charge on the powers and rcsponsibilities of the Trustees. e) Organisational Structure and Decision Making The Charity is organis¢d so that th¢ Trust¢¢s meet r¢gularly to manage its affairs There is an administratorlaccount personnel that handle the daily affairs of the charity. d) 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 are in place to mitigate our exposure to the major risks. Page 2
Redeemed Christian Church of God (RCCG) City Of David Obiectives and Actii'ities a) Policies and Objectives The objectives of the church are to advance the Christian religion for the public benefit in accordance with the doctrines of our Lord Jesus Christ, through the holding of prayer meetings, lectures, evangelism, distributing of literature and tracts. broadcasting and such charitable means as th¢ trustees considcr appropriatc" and the relief of poverty. b) Strategies for Achieving Objectives The Charity has adopted the following strategies for achieving the above objectives: Organising seminars and events 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 ¢v¢nts. e) Activities for Achieving Objeetives Advancement of christian religion. Community outreach events. Provision of welfare support to members. Provision of support to other charities. Conferences and Events. d) Grant making Policies In line with the object of th¢ charity: to rclief poverty and the advancemcnt of Christian religion worldwide. The charity has a policy of supporting missionary organisations such as the Festival of Life, World EN'angelism Mission and other charities and members of the congregation who are in need. (this is at the discretion of the trustees). e) Volunteers The charity is grateful for the good efforts of its volunteers who are involved in service provision. The charity has a volunteer coordinator to ensure that best value is derived from the sterling efforts of our volunteers. Page 3
Redeemed Christian Church of God (RCCG) City Of David Achievements and Perforniance a) Review of Activities The charity is consolidating the gains of preN"ious development and has successfully ministered to the needs of various social groups within and outside th¢ church. The charity provides forum for manpower development for its members to be equipped, educationally, socially and spiritually. It offers various counselling sessions to the needy.. unemployed, and educational and makes referral whenever the need arises. The charity provides counselling services to members of the community. We have also embarked on various training programmes to equip more church volunteers with the relevant counselling skills that will help them serve the communit), better. We continue to support and encourage young p¢opl¢ by prol iding a Youth Church where t¢enag¢rs mcct on Sunday afternoon under a caring, supportive and encouraging atmosphere. The charity still continues to fulfil its main objectives. by creating facilities to help develop the whole man, spiritually. mentally and physically. We havc invested time. energy and money into activities and programmes that has helped prevent youth crimes, depressions in people, child abuse and such social vices that are eating deep into our society. Financial Review a) 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 annual expenditure. At this level: the trustees feel that they would be able to continue the current activities of th¢ church in the evcnt of a significant drop in funding. b) Principal Funding This is provided mainly through voluntary offerings and tithes by church members and through gift aid scheme. Pledges are also taken for specific projects. Page 4
Redeemed Christian Church of God (RCCG) City Of David Plans for the Future a) Future Developments The charity aims as part of fulfilling its main objectives, to continue to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in mcmbcrship and continue to develop its members to make life-changing impact in society. Statement of Trustees, Responsibilities The Truste¢s arc responsible for preparing the Annual report and Financial stat¢mcnts in accordance with applicable law and regulations. Company law requires the Trustees to prepare financial statements for each financial year. Undcr the law the Trustees havc elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing thesc financial statcments: the trustees arc r¢questcd to: Select suitable accounting policies and then apply them consistently; . Make judgements and estimates that are reasonable and prudent: Statc whether applicabl¢ accounting standards and statements of rccommended practic¢ have been followed: subject to any departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is inappropriate to presumc that the charity will continu¢ in operation. Page 5
,d{yed Cbrilttsn ChttrEh bf CDd (RCCQ City Of bsvld The TrSes are responsi ble for keeping proper accountLllg records. wbicb disclose Wkth reasonable acclacY at any tsme the fanCIal posjtion of the charity and Eo enablL them to ellsure that tinanci statements comply witlj thl General Directions given by tlie Lharkty Lorninission. -J.1Y are also responsible for sateguaith, Trg tlie assets of the charity and hence for takEDg reasonable steps for the PYL?verAtiorA &tecttoTr ot" fraud arAd other irregul[ties. rovlll Yhis report approved by the l)oard of tnBiees on . 0_111012025 its beh]l( by: Samuel Ajah Odaudu ..alld signed on Sign&tLLre:................... .............. .. 01-10-2025 hge6
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID Accountants / Inde endent Examiner's Re ort For The Year Ended 31st December 2024 We have examined the financial statements on pages 2 to 12 which have been prepared in accordance with the accounting policies set out on page 4. Respective responsibilities of the trustees and independent examiner The charity trustees are reponsible for the preparation of the financial statements. The trustees consider that an audit is not required for this year (under section 144 (2} of the charities (Act 2011) (the 201 l act). It is our responsibility to.. examine the account5 (under section 145 of the 201 l Act- . follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 201 l Act; and to state 'hether particular matters have come to my attention. Basis of independent examiner's report Our examination was carried out in accordance with the Genernl Directions given by the Charity Commission. An examination include5 a review of the accounting records kept by the organisation and a comparison of the accounts presented with those records. It also includes consideration of unusual items or disclosures in the accoLmts and, seeking explanalion from you as trustees concerning any such matters. The procedures undertaken do not provide all the eviden¢e that would be required in an audit and consequently, we do not express an audit opinion on the vieiv given by the accounts. It is our responsibility to fonn an independent opinion, based on my examination. on ihose financial statements and to report on my opinion. Independent Eiaminer's Statement In connection with our examinalion, no matter has come to or attention" l ) which gives u5 reasonable cause to believe that in any material respect the requirement5 to keep accounting records in accordance with section 130 of the 201 l Act- and • to prepare acounts which accord with the accounting records and to comply w'ith the accounling requirement of the 2011 Act have not been met. 2) to which, in our opinion, attention should be drawn ITJ Order to enable a proper UT]deTStanding of the accounts to be reached. Signed- (A rim) 1th Chartered A¢counianis & Management Consulthnts) Unit 9 c.hallenge Hous 616 LNliccham Road C.TQ)don CRO 3AA Date.. 8th October 2025 Page 7
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID Stalement Of Finaneial Activities For The Year Ended 31st December 2024 Notes Unreslricted Fund Restricted Fund Tolal 2024 2023 Incoming Resources Voluntary Sources - tithes, offerings, donations, thanksgiving, etc Gift Aid Reclaim 455.696 455,696 297,422 55.407 55,407 33,357 Miscellaneous receipt- other income investment income 11.693 11,693 122,289 Total incoming resources 522,796 522,796 453,068 Resources Expended Cost of generating funds in furtherance of the charity's objectives Management & Administration of Chariti 185,010 163,912 254,053 207,481 Total resources expended 439,063 371 J93 Net incoming resources l (outgoing) resources 83.733 81,675 Oiher recognised gains and losses Gross Transfer between funds Net movement in funds for the year- Net incomel(expenditure) for the )'ear 83,733 81,675 Total funds brought forward 11112024 Prior Year Adjustments Prior Year.4djustments 1,393,608 (18) (2,724) 1,311,934 (i) Total Funds Carried Fonvard A¢ 31st December 2024 1,474,599 I J93,608 Sign:.. 01-10-2025 Page 8
REDEEMED CH.RIsTIN CHITRCH OF GOD (RCCG) ctry OF DAVID BalaTrtt Sbttl_4J At 3J5t DtcmbÈr 2(124 Ftsod 'T4Lft&hblc &ts I,993.£9& 1,936.87% CMrrÈnt &wts tkbtor C&hgi and tn tsatjd 511.803 491.33LI 519.PA13 495J31b cl11. t raIll w'ktkln v 13S.6(K tMrYÈnt aiJÈts 378.103 3S6.730 CredFiirL' falw Atlèr )'ear 1897.400} Totsl L11 Lkthlllllèx- ILt&blltbÈJ) I,474J99 lJ93.ts•1 74RESTRlCtED FUNDS Fund t3tri.ed fllJLds iirixiLyL fklfftds 1.474.5 1.393ts0% Fund b&larrt 1,474 lJg3,ÉqlJl ard of NA¥de'. Samuel Ajah Odaudu DalL. 01-10-2025
REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF DAVID Piotes-I'o-I'he Trinanci41 Statements Tr-or-fhe l ear Ended 31st December 2024 l. Accollnting Policies l.l) Accounting Convention The financial Statetnents has been prepared under the historical cost conTrention. in accordance Thith applicablL UK Accounting Standords and also i"11h thc rc¢ommcndaiions in th¢ Stwwncnt of R¢comincndcd Accounting Practice (SORP) Accounting and RetN)rting b!, Chariiies- issued in October 2005. The Chatitv has taken adN'antage of the exernption of Financial Reporting Standard No. l frorn the rcquir¥mcnts to produc¢ a Ch Floiv Statcmcnt on th¢ ground thai li qualifics as a small charilv applicablc acounting standards and ihe charities SORP Israiemeni olRecommended Praciicel. 1.2) Fund AceouDtillg General funds are unresiricied funds. which are ai'ailable for use ai ihe discreiion of the trusiees in furtherance of ihe general objecii%es of the eompan!. and i%'hich haie noi been desiw)ated for other purposes. Deignated fiujds cornpiise unrestricted funds that have been set aside b!" the trustees for paniculat PUqM)SeS. Thc aim and usc of Lach d¢sial¢d fund ii.ill thcn bL- out. 1.31 Tangible fixed assets Tangiblc fixcd asscts ar¢ includld ai cost. Depreciation is provided Lin all tangible fi.xed assets at raies calcUlad io rile off ihe cosi over iheir expecied ugeful liTres as lollows Fixture, fittings & equipments Motor N'chiclcs 2/0 iTrTitten doiim 17lue 20fy/• Hyittcn doiTrm i'aiu¢ 1.41 Incoming Resourcts Jncome is Tnainl). from Tr"oluntary contributioT]s frotn mefftbets olthe church and bank interest rccciv¢d which arc includcd in thc financial siat¢m¢nts. 1.51 Resourees expended All expenditure is accounted for on an acctual basis and are classified under headings thai aggregate all costs rclatLd to th¥ caicgoTh' on a consisicni basi5 5.car to J'car. Manag¢m¢nt ond administyation COSLS arc thosc inCued in connection wilh adminisrraiion of ihe organisaiion and compliance iKith consriNiional and siaiuiory requirements 2. Debtors 2024 2023 Oiher debtors 8.000 4,000 2024 2023 3. Creditors: AmollDt falling due after one )'e*r l.oan l- indil'iduals Llian 2- RCCG Nigeria i97,400 500.000 897.400 400.000 500.000 900,VOO Page 10
Rcd¢¢m¢d C.hri$tian C.hur¢h of Cod IRCC.GI City Of David -Yotes continued........... 4. Fixed A55etS Building Fiiturts Fi¢ling5 & LqDipments Motor 'thirk5 Offite 2024 Total Teehniral Equipment Cost Ai l January 2024 Additilins 1.894.42i 38.560 94.)79 12.706 12$ i09 20,979 19,821 239.909 33,685 At 31 December 2024 1.9i2.983 107.285 146.488 19,821 27i..594 Depreciation and amounts written off Ai l JanuaTr' 2024 Charge for (he year At 31 December 2024 92,768 99,731 4,95.5 2.97i 92.768 12.254 9).671 109,082 7,928 10.5,022 Net Book Value At 31 December 2024 1,932,983 11,614 37.406 11,893 1,993,896 At 31 December 2023 1.894.423 14,866 1,936.878 5. Creditors: Amount faUiDg due within ODe Trear 2024 2023 l.oan from RCCG COD Cambridgc Loan from I'astor Accruals 2i.000 115.1)00 i_700 23,000 115,000 600 141,71 138,61)0 6. Incoming re50llrces Llnrcstrict¢d funds Rcstrictcd funds Total 2024 2023 Tith¢s, Offcring & Thanksgii'ing Gifi Aid Reclaim Oihers 455,696 55,407 4ii,696 -55.407 297.422 33.357 122,289 R¢d¢¢mtd C.hri$tian C.hur¢h of Cod IRCC.GI City Of David Notes eontinued........... Page 11
- Cost of generating funds in further•nce of the charil! s objects: 2024 2023 Council'l'ax & Business Rates Honoranum ChoiT, Kv'boatd & Musical Expenses F.Icctricitv, Gas & Fucl (light, hcai & pomcrl Cleaning Waier Children & Teenage tkparttnent Vchiclc F.xn$ Church Outreach. Ads'ertisement & Publici Books & Teaching Materials Community. Events Voluntccrs F.xp¢nS Hall hire Proiocol Expense Other Church Activities Training. McLtings & Confcr¥nccs Chrisiianity Ad'anCeMent Wellare Suppori & Hogpiiaiity 28.629 24.717 42.578 4.128 550 iO,458 12.452 26,897 I,i57 1.464 11.488 9,990 10.073 16.513 349 li.oil 12,900 11,578 2,173 4.739 b,5¥6 2.479 i.889 18i.010 163.912
- lanagement & AdministratioD of Charity 2024 2023 CharitablL donations". Central Office Fund T.M Fund 2,470 i,lil 3,527 Others Church Running Expenses & Administration- chariiable aciii"ilies Tiavelling E.xpen5e Hirc of F.quipinLnt Printing, Plisiage & Stationery Repairs & mntenanCe In[anCe ConsultancN' Fccs Legal & Professional Fees Solii*are & IT Expenses Dues & Subscnptiot]5 Computcr Cosis & Consumablcs Wages & Salaries (incl emplo}'er's Nll Pensions Credit card charges Bank Chargcs SundTr' Expenses Telephone & Intemet Accountgnc!. fccsltnd¢p¢ndcnt F.xaminces Fccs Depreciation.. riAluies & equipments office equiprnents motor N'Lhicl¢s 15.i67 1.256 1.214 1,96) 21.879 1,500 2.400 1.676 467 2.692 135.405 6.427 206 779 6.59 1,395 Qj 109,419 1,971 3,700 3.217 4955 2,97i 207,481 Samuel Ajah Odaudu Date". 01-10-2025 Page 12