REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) - JUBILEE CHURCH MANCHESTER (REGISTERED CHARrrY NUMBER - 1103591) FINANCLAL sfATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024. Content Trustces, Annua] R¢port Examincr's Rcpcjrt Statement of FInCl llcrivities Balance Sheer StatLmcnt of Lash l-.luw io Ni)te8 to the ilccounis 11-16 Det2iicd Statements Of Financi Acrivities 17-18
Redeemed Chrt8tian Chutch of God (RCCG}- Jubilee Church Manchester. Trugtees Annual Report For The Year Ended 31 December 2024. Chthry Numbcr- 1103591 Rcdtcmcd Lhn5(ian Chiirch ot CJ()d (RC.f.('l - Juhilcc Churth %IRn¢hesrer Thi followi Trustrts seTh.a dull ihc )'tsr. . BlAdU P. B¢?lujiiko A. ()tii A. 18e .184 H}(le Ki)Ad .'nrrAnce ()n Redyatc IAnt G()rroft Ntanche5tcr 11245A l.!m¢xg¢ PrLbfe%$ioDal kn.ices ()f6cL 11). S%"*£ BuiJdir%¥ 121). Thc Ix'ickcr Sheffield. S.18JD Rf.(-.CJ Jubilltt C.hllrch hlanrhc5tU W1th TCPStttcd c'h1t5. Ni 'wnber 1103i91 was rewst¢red on > Ma!. 21KM st is wvcmcd , a Ttust tk¢d d4tcd 20.4pril 2(KH. "rhe th'crau IYEanagemenr fif the (."h¥Lnt)' 1% ihe rc%w)Dsibibt) nf rhc tru41ces u.hi) &TC clected U[er the terrTt f the vrtin¥ d<Jcumtnt. D#!. to da%. projcct Activirn. nf the ¢harit)' ts mJn4vI and cgrned nyt hy st8ff and i'aluntrery.
Redeemed Chri8tian Church of God (RCCG)- Jubilee Church Manchestet. Trustees Annual Report {Contd.) Fot The Year Ended 31 December 2024. ThL Chutch's missitsn sr#tcmcnr ''S0g &. Lx)v5ng petspie and Intlucncing 50CiCfj'" Thc principal aims èi cJbicctt&Es ()l- Iht chAritt' #TL.. l.) The advancement tsl the Chri81itin taitl) w¢)rldwYde Irt ccord#nce Mith the docrrines sei nut in ihe Redeemed Chri5Lan Church Trf ,9 .%ratcment Of T.'aith. ?.} Th¢ r¢b¢f ut povEth' The4e objertive5 arr athiei'cd rhrovKh the folkiurynx %rrgicKirs'. lal F'.¥'enr> and til pr(?miite tht LhnNrian Iwtli w'hich are designed be tsithth%istic. bi'd).. fwj And educ4tinnxl. Thest #fr held lin a rebryJl2r basis. ire opcn it) ] age4 and nijt dcpendenf un S(KI Cl.% ()r 5tanJing. (bl uffcrin% supporr #nd r.hri4rrdn bi%ed cnunsclling the cnmmurt1'. Icl PrI)mf>ni pr(iw5$ in rn'en, i$p¢(r i)f lifc. Idl Ixadcr8hJp Trniniiix ba5cd vn Bib"¢al prpIC$. Icl Gji'inx fuJAnu 3$israncL iu thc IL%s-prt.llL.%Cd atnung ¢hurch mcmbLYs and thL lo¢aJ commurun. bkL Utphgns. idiJu'5 artd $in¥l¢ fDfJthet5 8t)d thi)se strupgkn% financialti. In deternvnin% hiN' bcsi t(i pursue ihtse iTrbjcctives. thc mistccs ha%'e refeyred tlb the (..hTr. C.i)mmi58i(?n'i d¥In£¢ iTrn puhlic btnefii. The charit!. rLins 2 nwnber of cc?mmunitk based actiiitses which focus on assistin8 the Ib$AdK'xtitaRe¢l in rkur lid cnmmunitt. and abtt)a& r)etalls of the Ittivities undcrtaktn thc chAnt%. durinx rhe pctiud Are Mivcn undcr ilchit%"ements And Perforn)Ancc. The tn15tc¢s jtiin with ihe paqtI7ry 1¢) apprtciate the innumtrqbl¢ hrpur4 ungL4ofL2ble eEf(Jrrs c)f man!. metnbers wh¢) dn ttiki (Jftjv vt>lunrccr rhcJT time xnd skn'114 Ir) pn?vide dil'er seriirts ¥ar]1'. but #Te )mmItted t(> ()Iher actsiittcs th2t mal irise fT()m llme tf) time the chuieh, 'the church has a }ntinu()s 1)rkerS tr&in pnJxramm¢ wluch c9t¢r¥ f(>r thc T1[are. $piriiu#J nd S(5(>-eCIIft1)M1c d¢4-clopmeAI Dt Ihese pPIc. The Church ha$ ministers who ¢oordiDat¢ thc volun¢¢er$ under rhe dir¢ctiDn nt The lIrat¢. Obl¢rfive l - The adv4ncem¢ni of the Chrlitian faith wotldTh4d¢ In #C¢ordce 4th doctrinei ¥et out In the Sutement of FAÉth contatned in ihe qchedL)le. l..11 Jul)iILt C_hurch hq.s tnainiaincd a htaith). attendance li d¢mrJn$trAted kn. in-pcrs¢)n irtendancc ift scrvices. The appbe5 11> KinRdDm .ulture {Kl"l and The I'i)uth rrR)l and thc Chiidrcn Church smQCts. lrt dI"[lOn. Ihc l.Iiurch h#J cnnurtucd to strcrn thc Adu]i an¢J tli)M C.dture S¢nri¢L% uniinc i'iA YuuTuEK. IBI Jubilc¢ (-hurrh'5 fi)cu5 to e4uJp 1ndiwdu5 Ar levels of Ilfe. Our Sund21' ser¥ryces conunuc f¢) educatr and Carry pracE
ppb¢itx>ns. l)ur rkerS ErnpN¢m*nt mcetb)8Y, IlIen'¥ Fell<1.%P. IY.c)men ()[ Prrisc. Kingdvm C.ulEure.'The RJ'4in¥ Y<Juth and
the C.hiidrcn'i c.hurch 6¢ssiiirki teAch lnknv1dua rhe y¢, visinn and odturc of our church and help ryuip cAch in11svidu for lifc. l(I l ariuus mtcrin85 qnd confrrcnccs wcrc vwaniscd dur8 rhc )var ru PMr¢ Christian f'th .l<h inclldc: Thc New I'car Thanksxivinx Senice, 13ih FAition of I'eslll. uf Prlisc. I'e%iiNaJ of pr$¢ (h'erftuw, Pamity And Marri4e Loftttrcncc KX.eekend. 21sf AAniicr%ATh' C()nterence. l ANtcr IIA%% C)utTeAch, I'<)un¥ Pri)f<Ssi<)n% QAreeT r.vent. b9ther's Da!. And Ilijihrls Dai. Scr¥'ice5. ()tnen c)f Pr$C meetings. Sinxles PTi¥rAm.4 and m¢e[in, C.hildrcn'5 Summer (lIng. C-hildren 4 Summer I'atnp. l-<Truth Summer (".Amp. Sfudefti ()utreach PTh)gr*n ("hnsimas Ball. .rkers r'llntxiU'¢rtnerit meerinhr. %ltn'% BreAktAS1 IlIceL1n. C.hildfen's Hallelujah 14Trs'. C.hildren's f.hristm¥s S)arrJ'. Sine5 Chri5mus HAtL ) auth (-.bristrna5 H1, C.4rnl Scti'ice. f.rn$MJi'¢r Service. ("hi]dren'% C.hvrch Services. l'outh C.hur¢h Strn'i¢es and C.dturL'.ScTr'icL'5 ItL.¢1&n.7L8I. 4"¢T¢ n Ad&'uun th¢ rcxuJAr mid4.cck scnicG%, Sunda). SLrvices, Vigls. Pralrt Ilceiinxs. and Uad E¥aftlsrn ()utrCach xnd bquad IllLttinx5.
Redeemed ChrA8tian Church of God (RCCG) - Jubilee Church Manchester. Trustees Annual Report (Contd.) For The Year Ended 31 December 2024. I rCstEv of Praisc hlanchester (FOP IIAftchcst¢rl 15 a frcc anouui musical .£11[ thAi a ft4ht uf pr4isc. wvrship and pral'cr fur the city of Manchesrer the Llnired Kingdr>tn. The first edition nf I,-OP Sanchesrer wa$ held in 2(11 l at the U2 Apouu Thestre Manchester. This p)1¢¢¢ hirtlied bv ri) See rrNiva12nd the uf the b(xl!' of Chn%t in hlanchesicr and tht UK ai large. FOP is 50 %1 AlCllUC for bnn&n¥ pc()pk £)f dtvcr%t bick¥rounds and ctslturc4 fr()m acrrJ5s th¢ LIK ti) cclcbryAie uur Eth in Jequ% f.hri.4r the SAiir>ur (>f thc unrld nd eAcikuAK¢ c(?tnmunit>' cnbesioA. The 13ih editi()n f¥f the Of hdd in pusnn strcamed r>ftkne. (El The church aL4() etnbaTked i>n e%'ao¥ebca] uutrearhc5 within its ¢oimmunits' uith the #im ()f winniw SL)ul< 10 rht kin1)M and bci an Ji'cnuc tfb inflLLcncc it5 cf>mrnutllry PQsiuI'El>' b). entourawg. pc4Jple ts) kni'e Iivc5 thAt nUjd 4(Jr)' tn God bi sbw crimts And eNtrv S¢>¢ler ill. Objective 2- The relicf of poyerry woddwlde (to pruvide Chri•ti4n catt #ttd •uppDff to mcm¢b¢rN of lh¢ cornmuniryp by the ptovi•ion of fund•.fwd. 8wdB or 8ervltt$ of any kind). IAI The church cf)nunues tn pr¢Jvide pa%iiirnl Ca phyicall¥. sPtu5 and emoui)nAUy for IES ¢ntJr¢ cuwtgaEintL Ind mAn)' fr¢)m uuiside the church. In i)ur butY Senriie5. TAr COnttte ro see need5 mer a5 pra!. corporAtel!. for health. finAn(12] and t8tniii' issu. IBI The church cnntinved Tll %UPWJTZ ()rher charityes natinn2llv And ffttern2tionglly io xreas thal 4Tt in bne 4irh (Jur Aim5 and objccuvc3'. . To iA)ving (iid, kn'in$ Prople and Intluencinx )Cle." ILI nur Ciry IX'idL>WT and li Iuthcrs Proic¢t IS 3 illunrhl). fJn2ncial and spirituAI supporr pruRratnm¢ 2itncd ar thd muthers 'Ithin C7rtattr Nlatsihe4ter. Tht Kr(IUP Ll)nsir nc)t (>nl!' i)f church nnIbe. bur ijrhct and m()thgr5 M'hi) turrt the guAbfjiftx critcnj tjt 4idl1h(l i)1 sinyjc mt)theTh4'1)lJd. The &ryew tr()m 211 at Inceptii)n t(1 Ir()und.l wi)men monihli. Due til th¢ pandenut. tht f(>m12t (Trf ihis iiurrtach Chxfid ftt)m April 2020 1() rhi)se ma(le direct )[¢ 4-iih ihr thureh r4uesnrw fvr aSSiSiAncc anil n()t the nce-i-month physic2J AttendBfttE mecLirtgs hich 'ere held prior ti) plpd 2020. (Di Thc chiitch thrf)ugh Its fuud bAftk cortixnd Nyth its Church Resrx>nsibds't)" b!. r¢ching uut to th¢ Ic5s pri1-i1lyJ in stsci¢ry by a5%1%ri rhc IndJKenE h¢)mtlrsq rh()sc wh¢) m3li not be /blt til aEf()rd tn bu!. f(xd in the H4h Str¥ct ShiTrp5. Th¢ f(N)d bank ¢onttnue5 ri) Ix c>ne i)f rh¢ etfc¢iive trJ()1% 17f leil$n8 P¢Jierti' In It4 llntnediHte c(?mmLEnin-. tnThs the pindcmic. wc incTea%ed the number <)f di1.4 4Lce$5 the f(M)d b1 ti).I da% a trtek and the v<>lurn¢ ()f thc l(MxI pck2ge% and ta1 audi¢nec rv hdp 3dibu(?nai pttiple u'hi> ts.crt impacted h!. the c()si lif frjnd crisi5. Ib_l Promotl. knfL' ad%'ancemLnr and tnhkncL'mcni thruugh Chnsrian CtsLmStJkn Vlriuus ¢unfLrenc¢% which pr¢)rntste totsl w¥JIbruJg-spiritu phi'sJcaL marit, so¢], financi¥l and ment81 wer¢ held during the l'eat. RESERVES POLICY Tht TttLStecs Ttiryew tht Rcscr%e5 lIa- of the chantj. annualli.. The encompasses rhc nAturc of thc incorne and cxwditure $tre'ams. The Trustec's Fxpbo- Is ¥TcnerAtI)" t(> mAintain rescn'¢g 8( A l(NT level and rrj appI!- chariric5 CoTc t(} funiknng its atuwticx. In the ht ut ihc inctsTnL' nerated. thc iru%t¢es considcrcd that thc balancL lif ihe Linre¥ricted Eund% was rcasvnable. Principal funding 80Utce8 Thc church membcrs cijnrirtue tc) be Ehe m¥n s()urce ()f tnc(Ime in f(?rm ()f dun%rii)ns 1nd ¥ivrn Ic) the church. CJifi ,4Jd cljimed Incnme Irnm dnnnTS u'hn fit criteria. DurinK the fjscal l'ear. pnsr panclemic, Ih¢Te .?1 o nniiceAble increasc in rth'enuc a5 tundlng Cf>ntt2hutii)ns Irnm membcrs inircA5ed.
Redeemed Chri8tian Church of God (RCCG) - Jubilee Chur¢h Manchegter. Tru8t¢es Annual Report {Contd.) For The Year Ended 31 December 2024. FUTURE PL4NS 'e art lookn"nK ai refurbi.4hJnR our siie. thJ$ Ve u$ the op[M)rEu' to influence Ihe cvmmunjt). b> pro%idmg A range of settic¢s. ich Are currendy ind4uate in the #rea. The prop()sed budding enabl¢ u5 tlp prrJ%'ide bettcr t111¢$ ro churth members and draw in p)rent} member%. The Church 15 lotikn.ng ttb Kmw and deielop its membcT5 into Wtkts of chgrtge in thcit cntnmunitie5 gnd n&tinn At Lgrme. Wc 2rc Continu5. explorm8 I'aTts)US to reAch nut tt> thc comtnunih. a¥d spr¢9d the c)f Christ. We 915n airn tl> increase r>ur TclcvJnc¢ to th¢ comUltV b!. ini'¢sonK iimc. criLW and rcsoUeS inro actii'ities And pru%TAmm¢s which prncnt and Ttsluce hotnele55llC5S. Y(Truth crime and depre85ion in petspk. Goyernlng D¢1 The (-h2rit%' 15 cvntr()lied bi. its goTrerninR dnculneni. a TTUSI Deed. xnd constittjtes xn uftinCotr%reO chariry.. Juhilee C.hurrh.Martchcstcr is ¢i)n$rituitd uodtr 14 Trusr Dccd datcd 20 .4prii and bcclmc i Rwstcred C".hAritY 5 Ila).. ?lJ)4. under The Charin nwnbcr I11)3ifjl. The m15tCC5 cunfinn that thc a¢cullnts wrnply 7th th¢ rcquJTcrncnES uf the tW$E dctd. Requirement And Appointments oCDew Trudttt Th¢ maAAxement ()t Ihe church is the rcspnft4ibJbt) ot ihe Trusieeg 8Te elected and Ci>4)Pted under fht tem)4 1)f ihe TTU5t Deed. ew iwstees m%}. be rec(>mmended b!. the Pait¢)r 9nd app()inted hi. rhe trnste¢s.'The p¥sti)r is usu1!. given ihe re%p(>nsJbiliti (If rccotnmcnding new TEusr¢cs. %£. Ln&iees Are k¢r¢<I thc basi$ tsf the c(ffjtyibuii(?n thai thrn. make to the g(ii'crnance of the vtpt115ativn And 5kJ]5 tho. w2ll contsibule. Orw16ationg1 Stturtute Thc ('hurch IC.'hRriry'l is run bi. 2 team i)f Tru$tees meet fegu]aTl% the Senior Past¢)r and Church rcpicscntati%clsl tu its affair5.'tbe Ix)wrd É)f tryste is resP()n$ible fvr Lhe smcN)th rutuun% ()f the chur(h Ur15ti<1..n]t lyjard deleg#Les the da!. t¢) dai. Ing ol rhe church rn the pas1nr cnuntii pass nn in5m]Cts0115 TO church Ilepanmeni$ 2nil rhc thurrh rTrffice. lkn¢ tru5tec5 hxvt deltKAfe(I thc da). io dA)' wnning ogthe Juljilcc Church %1onthtsrer to the Senic)r Pa4ror. Pa5tOT ..IbJmEK>lJ Komolafe .hu is th¢ SL'wvr 14stor ()fJubil¢c c.hurch Manch¢st¢Y. Induction And Tralnkng ofNew Tru¥tee Ntyi.'rtU4t¢e% i)nce ippilthfitcd Rrc vrt 3-fTUStceship pg¢k bi thc chgtTtnan wluch 5pell5 Out their dutiC5 2nd rcyputJsibibtic%. Th¢ C.h2irrnan usu]. infnrm n. Trw4kt4 r>f 40mt xqpttts lit thc N?le. Trusrce$ cnwwagcd to ittcjxl gpprc)priatc extcrn9J tyaining ci'cnts whcrc thc5e Mqll facibiatc the un(krrAking of thejr rolc, Going Concern Att¢T makink? apprvprillre ertqwries. the trustees have reasiTrn2bk ¢xpectAtiDn tht the chann. hAS 3dequAte re50UTte5 tu cnnunue ijpeTatinn5 ftjr the fi)rescrabie future. Fur this rc250n, tho. cuntsftue t() Adopt slie concern b•5is in PT4)¥in¥ the fInrIal ST4ttmenf%. Purlhei d¢i3d$ rcwthg the adoption of iht going contem ba$15 t2n bc found in the Kl¢counun% Pobac5. Rel¥ied Pattit8 RLCG Jubace I'hurch ,IIAnchesier is a mrmhrr i)1 rh¢ Rcdccmed Chn%llan Lhutch L)f G (IICLGI which hay parishes ail oNer the )rld. The reLat¥Trnship Is y)vtrned b? an'AC'RF.r.,Mr'.NI'T FC)R COMII ION PL'Rposfs' bcNccn Lh¢ panshe5 and RCCG. FINANCIAL REVIEW In¢(>ming re$ouYres the peri(Ml tcitAlleJ Ly)99,0(2022 - L919..37.1} which Is 13'/u increase in incnrne L()mparcd ri> vear. Thi5 Cart ' rrAc¢d t() increasLS in d¢JnAtiuThs, ?id 8od shop incL)me amunx ¢>thtT Items. in addit}. rhLYt rl major TLxlucuon Sti CXPULSC$ likc rc)P. hunvtanums, i%'clfarL' and &fts, SIAt¢ment• of Trn&tee•' ReHpon•ibilitie itr) rctkllion lo thv Finwnriol S141¢nlCllt• Thc (-.hArity TTU5ree5 2Te Te%win%tblc f()T pfcpAnng A tru%tecg' rcpTrn and tlnCial staitrnents aCC()rdartc¢ ith Applicable la. and Lfurcd ngdri ilccnuftung Siandaril$ (Lnir¢(I km8(Ii)m ITeneraU? ..K¢¢epi¢d ..Ic¢cJunttng PrA¢tiCCI.
Redeemed Christian Church of God (RCCG) - Jubilee Church Manchester.
Trustees Annual Report (Contd.)
For The Year Ended 31 December 2024.
Tht law %ppbcabl¢ t(1 charities wuires rhc chtiritv m]8tccs tv pr¢parc thL financi215tstcniLAts whirh Ki'e5 a true ond f'T Iiew vt thc statc
of Affai. nf thc chatity. and c)f th¢ incumu rc%)urcts and appli¢#ty)n chf resourcts c)f the chatin" fc>t thxt periid. In prcpuin% these
financtgj srat¢meDiS. rhe InJstet% rrywred ro..
ele(t $uitiblc acci)unting p¢)liots xnd then xpplv them
Redcemed Christian Church of God {RCCG) - Jubilee Chw¢h Manchester.
Independent Examiner's Report On The Accounts.
For The Year Ended 31 December 2024.
I un thc accibunty uf ¢hL RcLlccmtJ LhristiAn Church vf GTXI (RCLGI- Jubilee Chutcb Ilattchcstet
5Ct uur c)n P4Te$ 8- 20
It ss th¢ r¢¥pvnsibthn ijf ThL InistL'LS ti> priJpLr bi)L?k% 1nd TL'cvrds and prepAre gCCOUAts.The prui'i$iL)ns uf ihr twsi d¢¢d
rixuir¢ rhr try51¥ r() prvpAr£ financd stAtLlllL'llts fi)r each fuw)cJal )cAr u,hich Vi. a tDJe fatr iirw (?t thL' %tate {)[ AfEws ljf th¢
ch4riri' And (jf the inc()rn8 rc5(iurccs and fippli¢atiiin c)f re>Ur¢s, itJclu(b"n& the and e%P¥Aditurc c)f the rh3rit)' fijr ihxr perir8J.
The tnE%tccs oJn5idcr IhAt An audjt is nc)f Teqwred for this vexr (Lnder I-l i)f ihe Ch4riTie% Aci ?oi I mie 201 l .Ittl
d thit An fftdcpcftdcnE cxAminau()n 15 ntcdd.
It is mv re5PC)n>ibthn- ro..
examirtc th¢ Atcvurtts undLr SL'CUUn 143 of thc •OI l Atr
tr) Eijlliiu. the pr(Jccdtsre% ld di)wn fft rhi% GcneTh] DireC)n5 %i%en b%. thc ChaThn. Cummissstsner
lundcr 14?151(bl nf Lhc Wl l Ac4
tn stAie whethcr pArticul%r rnjtters hi'e ujme trj mv )Iteniion,
,Il1' ¢xAnunitiun .1% caTni'LI uur In Accurd.ItlCL thL' Kcncrnl dtrrcti
Redeemed Christian Church of God (RCCG) - Jubilee Church Manchester. Stdtement of Financial Actiritieg For The Year Ended 31 De¢embet 2024. Uweutiicied Fund$ 2024 Note8 locome and EndoThrynen Ftom- Di)niiinrt5 2nd Iyies IINIRI" CIrt3 and Clthcr Income TotAi incomin8 ie8ource6 843.788 843.788 156.11 19594 94).779 919 7J Expendiwfe On: ChAritablc xrriiiries C)tho'T$ 47.3,855 5?9,91(> 1.003,790 473,855 559268 Total re8ource# exptnded 1085 567 cr n$ r)n invthit Ntt expertditu 3.884 Net expenditute before other gJin8/1106$es) Other gain# and 1038es Nei movement in fund• 13.884) (1884) 1161).1941 (1884) (3,884) (ffi6.194) Reconcili*tion olfw)d8'. Ti>iai I'urt¢lg hr(iu%hi l(btTri'ar(I Totsl fund8 carried fnrward 1,144.(124 1,144,C)24
Redeemed Christtan Church of God (RCCG)- Jubilee Church Manchester Balance Sheet As At 31 Decernbet 2024. 2024 2023 Note& Flxcd Tankryhlc asscr4 N91J.570 CuErent A8$eto DeL)i()rs CJ%h at b3Ak & in hand 114.71K) 21H2Q3 318,909 71.435 27(1.631 344066 Creditorn Amount F4lling due withln One year Nct (-urrcni Ass¢is/(Lubiliucs' 68,73 250.170 ?5.WZ) 316,464 Total A&Bet• leBB C4ur¢nt Livdbilitieo 1,140,740 Crcdliots: Amounts F%llin8 due after more ih•n one yegr l(K)I Net A&8eis 1.144.624 R¢pre•ented by .4ccumtQated Fund L1nTL5tri¢t¢d fund$ io 1,140,740 1,144,624 Rc%cr¥'¢5 Totsl fund 1,144.624 The Tn[rts d¢clarc that thei. hai'e aPPfQStd the ¢()Unt9 b(>vt S¥ncd On Behalf c)f th¢ Charit>. Tte¢S 2f.10.2 Signed DAie F,m_ 6 OLLAJ-O KCI USJL Po&iti(hrt
Redeemed ChriBtian Church of God (RCCG) - Jubilee Church Manchester Statement of Cash Flows For The Year Ended 31 December 2024. 2024 CABh fr(trm tspetaiitig Xtivitits Nei {expendimre)/lncome per St4meni of Flnand41 AcuFiu¢8 (3,W) (166.194) Adjwtrnent• for. Drprcciati(Jn ()f pN>pertv. plant equipmenr Los$ i)n th"pusai lit Tnb]l. fLwJ asgeT$ Decre&%e/(IncTC4sel in rraLl¢ and uiher r¢ceiv¥bies (Dc(re2%elllArTt&%e in tradc 2nd ()ther FJvablc Net cJh used in oper4tin8 aCI¥Viti¢¥ 26,794 25.)78 143.2711 4",,7i8 22.776 83,784 Ca8h t]ow from inve$tinB •Ctiiityei PurcliasLS UE PryJPLrri'. plant and L'guipmLnt Nei ch u•ed in Inve8ting acdvldes 89 04 89,204 44,554 Cash flo* from fInAna activitie4 Nti tash ui¢d in fthandng activities N¢t Incre¢/{der[c¥c) irA ¢a•h equfftyalcnio Cash and c06h e9ulvalent8 ai the beglnnin% of th¢ )¢Ar Ca•h and CA•h ¢qulvalcn¢J ai the end of th¢ y¢J (66.426) 1128.338) -3()8,()()9 204,2fJ3 Componetti of caoh Aod ca8h equivAlent8 CA%h and bank balancL's 2U4203 270,631 270.631
Redeemed Christian Church of God (RCCG)- Jubilee Church M3nche8t¢r.
Notes to ihe Account
Foi The Year Ended 31 December 2024.
I l.) Accoundng Policles
Ba8ls o[preping tht fitwkcial stAiement
The fInanU 4tatements hgl'e bttn prepared in acciJrd2nce wth.%iaiemenr of Recoinmended Pracuce..
.4cc(Junting and Rcwrtin¥ b!. C.hariue5 PTcparin8 thr A(ci)untb In actUTdancc 7th thc financi Rcpurung Standard Applscxble in the L.K
d Repubb"c nf Ireland IFRS In21 i4$ued 21119 2nd Ihe Financixl Repnmng SNndArd in thr L'njted knxdnm And Repubbc of
JreL2nd the CharJEies Jlct 2011.
Changes in bg8i8 of countAti¥ or to prevltsuB accounts
Th¢re h#s l)cen ni) chAnKf th¢ Acci>ununk wbcies l1.31uatinn nJJc5 9nd tnethod uf cc()untsn& su)ce1&4r )'ear and nn chAnge4 havr
been made rii accnuni fur preNiiiu5
UDT¢B¢ticicd fund8',
Thr4e art ai'3iLAble fi)T yse xt th¢ di¥cr¢tivn of the ttr¢S in rthrance of the Kener iibjccts uf the chirity.
De$i8n•ted fund8:
'Thcs¢ are unresLriCted Ajnds eamjarked by rh¢ fuf pAn5cular py5t5.
ReVlUtiOn funds..
Thc5t Art uiircsiriaed funds which includt # revUlUvn teservc tCPTesenting tht ¥e5rattmcnt of in%esnTJenT tsS9¢t$ ar th¢it rtMrk¢r IAiu¢.
ReBtri¢ted funds..
The¥r arc a%'wlabl¢ tot Usc $ubjc¢t rextnryuns itntx)sed b) the dnnor ()r thr(>ugh tcmjs ()f an
Inrome
Rrcogniuon of income:
IncLTrrnC IS (lud¢d In thc 5TeTr¢ni oi Pin#%ncig1 Jlcu¥'irieg1&)fil) when the chin' becomes enutled ro. and %'irtuall!' ¢Ein to receifve
th¢ Incotnc qnLI ihL' Imtsunt of th¢ incumr can b¢ mrasurLd K¥irh sulfiaenT rebOIr%.
Itx¢tsmt 4th rclt¢d ¢xp¢ndirnre:
K'her¢ Iftci)me rel.ltd eKpendire tlic inc(?mc and Tdared exp¢nditUTe 1% rew)ned gTtsS$ tn the S<>P.4.
Donationj And legAcie8'.
C)lunrn' incnmc rcccwcd h!. way nf an[s, d(>natii>n4 gl1" 15 indudtd in the S(IFA thcn rc¢eivahlc #od (>AiF the Ch¥rin. h9•
uncrndiui)nl entstJcm¢At to the incnme
Tx reclMO on doDtion& and %ifts:
Jnc
Redeemed Chri8tian Church of God (RCCG) - Jubilee Church Manchester. Notes to the Account For The Year Ended 31 December 2024. Exp¢ndlwre on funds: Th¢5c cvmpri8c rhc c()St5 a5x)aared with artractiti% i()luntan' inct>me, fWSlng rradinx custg And inve&tmcnt man1ment cosrs Expendituc on chAritable acuYitie&: 'The%c r¥imprise4 C()st incurred b!. Ihe chariry tn the deltvery i>f irs actiWLies and seThice$ in the furtherance of its ()bjcas, inCI10g the mjkinx nf xranis and giii'emance cn51S. Grantg Paydblt: .411 xr4nts cnb[re 14 Jccounred fi)r un 2n actuAi paid basis an aecrujj for grants thit h2I"e been ipprove41 thc m]ste¢s at th¢ end (jf lh¢ itrar but n(>t d. GovernAnce co8ts'. These include thn5C COfjL4 a84(rted mectin% the c()nstitutl<)nal And statui()r)' iequiremcnts of the thant).. includinMF #n} &lldiL/ 5
r¢ %hi)w'n 4'irhJn IyJrr(YArinM nr curyeni Jiabiiltks. Ln th¥ StatemcnT nf L*%h Pl¢?wy, Cash and Lh F-4ui1'¢nr5 arv sh()wn ner bank
tsYerdpafi% tha¢ Pa11¢ i)n demanil And f¢>nn an iniewj pan c)f rhe comp) s cg4h mAnac¢. Tre #nd other credltorn: Shiin tinn crc¢knror5 Irt mL'isura ar th¢ trArtsacrivrt pricc. nther CT¢Ltiturs anJ pruwsions atc rcvgtiiscd .herC tb¢ chatiiv h2s x prc5Cnt Te%yJtinhT i past tvenr rhar wqll prL>b2bl!' Ttsult in Thc tran%fer uf furtd5 iu i third pam.. and the amount due tl) s¢¢tl¢ tlie ()bligAuf)n can bc rnca%urtd iir c%iimated rclsJbl}'. Crtditor4 pr()irysi¢?ns are n(>Tmglly rcc()bm15cd ai rhesr scitltment arn4)uni Aftcr fur ¥n)' (r4d¢ diSCiJlUit¥ duc.
Redeemed Christian Church of God (RCCG) - Jubilee Church Manchester.
Notes to the Account
For The Year Ended 31 December 2024.
Laed astB:
here the ch2nN' enter5 ittto * Itxse thich eniads ttkj'ng sub5tan12aUI- au the risks And reward5 (?f (brItIshIP of 2s5C4 th¢ kase i5
treaied a$ a tInce IvAse. thich dc) not transfer substanDY all the rt%k5 reu?rds of I£ttrP to charitj Art classified
as r)pcraDng lcascs.
Asset5 held under f1n¢t leA5e5 are initia. rec(>wsed qs a5SCt5 (If the chAritJ' ar their fr %ue at the incepllon of the Ir4sc or. If lowu,
at the present i'aluc ol.the minimum ltsse p17neuts. The carrewnding babditTr' io the le550r 53 indudcd the balanre Sheet cla¢e 45 a
finincc ic#sL ()bliFAiion. LL'aSL p%'mentS AT¢ 4pportiontd benvten tuJanc¢ ex$¢$ 4nd reduction of the llase (>bIltion w as iv
hiLs'r a cunsranr rart ()f int¢re&t un th¢ r¢mAinin% ban¢¢ of rh¢ li8bilit!". finance cxpen%L% are r¢cow?i$a immrdiArrls'. unitsg Ehr% art
(b'r¢cil)' sttnbutxbie ri> quajifjinx ossers. in N'liich cA%e thei Ar¢ Capit1$¢d in 8CC()rdxnce '1[h th¢ ch%riry'% p()bcy i)n btim.IM'ing t()%ts.
.45Set5 hekl wider fJTrAtJcr leasts xre depreojted in the samc .&3. #% citsr¢ed xser%.
C)PCT2ting IcA5C Pa!InetJr$ xr¢ re¢t)Mmis¢d #s an cxpen fin a St1-]ne basis c)%'¢r rhe lease icrm. In tht rn'crtt Ehat leasc inccnDs'cs
Src rcccii'gd ro tnicr inrts ()peratinK lexses. such inccntyir$ are ¥¢ctsRniscd 25 a IiAbthty.. Th¢ 4WCKAt¢ ben¢fiT of inccnti%-es is rect)p)iscd
5 a b3bthti.. ThL awc¥arc bLnifit uf incunui'¢s ig rrccjgnisrd as * r¢duction i)f ren1 i.%p¢ns¢ on a straight-linl b35iS.
Pen8ion co•t8:
'rhe chariti.
Redeemed Chr18tian Church of God (RCCG) - JubAlee Church Manchester. Not¢8 to the Account For The Year Ended 31 December 2024. 3. Expcndi¢ure on charitable actlvld Urwe•¢ri¢i¢d Fund• 2024 Expendltute on ch#ArAble #eilvlflt• Chaniible icui'iues 47,440 1,2(N] 1,940 4-,.4) 12IKI 1,94U 5.79? 4.69() 47,441) CLnTTxi ()tfKc fund I'L>uth Lbutreach Lli#ntJ' %hi?p cxpcnses F(?(>d bank C.IinfcYenctt and hcDNpiulir! C.Tinipui¢r ¢lTrn•umible6 Il¢n f¢ll¢JU'yhip D¢Lvrrions 1.4f>4 3J82 .1,875 l(),-i512 5..357 550 4.6¢)6 16.16 4.9-.11 (AXI 3.2U6 11.835 1.1.565 164() 2CI4,524 4J,650 32,251 6,71)9 32¥0 11.835 1.1.56.5 2.6411 2()4,524 43.6.411 312.51 6.?gl) 12 94 985 K'df¥Lre And 18,48() Ilu&Jc miAi4tr rciti1.l nt'prii%t I liinLJurArium DunAtJons Nlcndinx mAchine expeneq r'4wpmeni Flirc and Tc¢hnicAI I qwpmcnt 111,429 67.696 24.UIK) 473 855 473 855 559 4. Othcr tndIt0 un¢neI¢d Fundi 2024 20 r..mpki% c()4r¥ 259.18 4Y.I¥)fi l i4.901 26.71)4 30.165 259,IIIN 49,1)nfJ 154,9111 26,71)4 2i4..3.19 C15..11 l4l).025 Pr£nusei ci)sts Anii>rrisAtivn. dLpriLiaiii)n. irt1Plm¢nr, profir/lv$s un disPUs41 of fu¢d ASS¢t$ I vincrl xdMirust1¢ ¢uJt% I*%Al and pffJfry%ii>iI c(?5tS 23.4211 529 936 S. N¢f txpcndlturel before irAn8feT¥ 2024 20 Dcpt¢ci#ic)n ()f ()wned fixed a4YfN Salones And 2.11.VAI) 24.1511 3.752 224.1 $4 2.1.71 fi 4.438 PLnsion cojrs 252
Redeemed Christian Church of God {RCCG) - Jubilee Church Manchester.
Note8 to the Account {Cont.)
For The Year Ended 31 December 2024.
Thc aNcrAgc munthly numbcr of full timL 4uiv&knr empk)I'eL'S during thc Trcar wa5 a6 follow5..
2024
Number
Number
Admini4rraiion wul rnanagcrncni
The charirn 15 ennilled iti Nest Pcn%on Schcme fi)r emplnTrTes in Iine with the Lnitul KioEdr>m law.
7. T%n8ible Fixed A66ety
iAnd And
BEkAldkng
Plant and
Marhinery
Fixtt]reB and
Iltdngs
Computer
Equipment
Tot*1
l.'ust
115 ai l JanuAo' 2n24.
..ILi
Redeemed ChrA8tian Church of God (RCCG) - Jubilee Church Manchester. Notes to the Account (Cont.) For The Year Ended 31 December 2024. 10. Movement in fund9 A8atl January 2024 Incoming re#oureei Regources cxpended A$4i31 December 21)24 Rcsmcr¢d tund%'. l-'nTt%Tricicd tunds., Gened fund$ Rcl"Ilua(>n reserves Totsl fund 1,144.f>24 999.£ 11.tM)3.", 9)) 1,144 624 L(3.790 1,140,740 Unresttictrd fund$ 11. Analysii of lets be¢ween fund8 Amounts falling due withtn one year Tot•J F'ixrd &%seTS IIQO.i70 ?iO.1711 1.140.740 S).51() 251I.17U NLt cutrLt sscts 12. Commitmenil There xre n¢1 artnu ci)mmimi¢Ji¥$ under unn-cgntdbti()n opcraring lea9e$ duriftg Ihe periiA.. Pcn$ion commlttnentB 2024 2011 The pens]nn ¢0sr chxrye t() the chxrit). wttc)unted tt) 4,4.19 4,439 L3. Conthi8enty Uabilxde6 Thrre are nu <(mtyn%enr liabiknu¢% f(>r the i'e¥i ended 31 Dcccml)cr 21124. 14. Relaied PAtty Di8closure6 Thcrc art nii relatcd pam. In%C0$ for the icxr ended 31 Lkcembcr ?1124. 15. UltimAte Contrctllin8 Party. 'rh¢rL J5 nci ulunJAr¥ c()ntrolh"n¥ pam. sn thr chAnt!'.
Rede¢m¢d Christian Church of God (RCCG) - Jubilee Church Manchester. Detailed Statement Of Financial Actiyities. For The Year Ended 31 December 2024. Untt8tric¢ed Fund6 2024 20 } IDCOMC Endowmcttts frtinL D()naMon% lgxies B4_3.". 843,788 1143,-, 8 811?,-794 819 B.). HMRC Grattt• And Other Income 138.659 9.156 942 l311.6i9 r[) B#nk C?ther irci>me Shc)p inc£)me 11,448 14? 1)42 156,118 156,118 Y4,779 Toti Incomlng Te•owce6 Y19J73 C.) Exptnditure On.. C-hRfitablc iri%'ities '()Til ei'anKrclic¥l ryJis5iQrt C.cTrt ()ific£ Fund Yc)urh uutreich 47,441) 1.2(Ml l.94U 5.", 92 4.0()0 16.-168 47. 1,940 ¢)2 1,464 3.382 Chann. shop cxpcnscs F'(xJd b8nk C.¥)nfercnces and hc)sPitaliLY (Jiinputer ri)nsumgbl¢s 4.6l)6 4,9-,0 (AM) iio L 111 Dc¢orAucbn5 clfatc thd 5upry)rr 32¥6 11,1135 13.56) 2.646 264.i24 43.(>.1) 32.251 6.7()() 32110 IY,i76 l8.48l) 13565 1646 264,i24 4_1,(140 32231 lusic mini4Lri' Fcstii'a] <>f pryise H<irt(?urxriiim 331.42l) 67,69 24.¥L 7.6()5 5.Y12 559,268 t)nnaunns linistTh E.xp¢n5e5 F4uipm¢nt Hire and Tcehnical 14qu)pmtnr Tot#] of expendltiir¢ OD charitable activitie• 1221}4 473.855 47J,855 E.) Employ¢r Cotst# SAknnc5 3nd FJnpio!rr'% Xi IC 2Jl,U80 24.li 3.751 231,080 24,358 3.751 224.154 23.716 4.439 rAlf r¢cnlltment 259,188 259,186 254.339
Redeemed Christian Church of God (RCCG) - Jubilee Church Manche$t¢r. Detailed Statement Of Financial Activitie8. For The Year Ended 31 December 2024. Unreglricted Funds 2024 2023 F.) Moior And Ttavel c08ti ehiclc% - Genl £i?sr% Travel 2nd SubStence 3.1)6_1 45,Ikl.3 2.b24 4i,1141 49,f 65J88 G.) PTtmiK$ r0618 Rcnr 7.b811 3,304 24,471 lQ281 7.88 14.342 lJbyhL hest p)weT Premises cleAnin% PTcms%es insurice Pllse$ rey Ind rnaintcnaarc Sccunty. )4,j73 10,281 62&3 lQ.1311 .?,78. 10,13 ,901 154.Wl 149.625 H.) Gcnerl Admini•itat&vr ¢oJt$. including deprcciation ind amort18a¢ion'. Dcprcciiti(bn ()( IAnd and ljuilth'ng Drea01)n L)f Pl1 and Machincr5' tkpr¢citsiuTh L)f Compurcr b4WPni¢At5 tkpreciltiiin ()f FIXn¢S and I'ittw. Bank chay. .Sraui)nen' and pnftttnx upenses lelephonc, 18x and broadb8nd ChArin" ChLrkour 2182.1 65 3.026 88(1 21813 65 3,926 88(1 21.957 121 3.U32 468 1.478 2,898 1272 1529", 2.898 778 li297 9.2211 56,959 li.-141 56.959 48.998 l.) i<gal and p¥ofeBiionaJ ros15 .,luclii,'IndcpLn¢lcnr ¢YAminthtliin I'ce4 (Ithcr ItkTrd and pr()fe%*cinal cftsrs Total of expenditure of othet coals 9.12 9.MH2 140 9W2 Total occxpendirure I.13.?90 I,IK13,PX 1.085.567 Net exndItUte befor¢ oth¢r aAd los¥eb (3.884) 13.884) 1166,194) Net ujov¢Jneni Iri fund• 166,194