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 FIn￿Cl￿ 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. . BlA￿dU P. B¢?lujiiko A. ()tii A. 18e .184 H}(le Ki)Ad .'nrrAnce ()n Redyatc IAnt G()rroft Ntanche5tcr 11245A l.!m¢xg¢ PrLbfe%$ioDal kn.ices ()f6cL 11). S%"*£ BuiJdir%¥ 121). Thc Ix'ickcr Sheffield. S.18JD Rf.(-.CJ Jubilltt C.hllrch hlanrhc5tU W1th TCPStttcd c'h￿1t5. Ni 'wnber 1103i91 was rewst¢red on > Ma!. 21KM st is wvcmcd ￿, a Ttust tk¢d d4tcd 20.4pril 2(KH. "rhe th'crau IYEanagemenr fif the (."h¥Lnt)' 1% ihe rc%w)Dsibibt) nf rhc tru41ces u.hi) &TC clected U[￿er the terrTt f the ￿v￿rtin¥ d and til pr(?miite tht LhnNrian Iwtli w'hich are designed be tsithth%i*stic. bi'd).. fwj And educ4tinnxl. Thest #fr held lin a rebryJl2r basis. ire opcn it) ￿] age4 and ￿ nijt dcpendenf un S(KI￿ Cl￿.% ()r 5tanJing. (bl uffcrin% supporr #nd r.hri4rrdn bi%ed cnunsclling the cnmmurt1￿'. Icl PrI)mf>￿ni pr(iw5$ in rn'en, i$p¢(r i)f lifc. Idl Ixadcr8hJp Trniniiix ba5cd vn Bib￿"¢al pr￿￿pIC$. 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 $in¥l¢ fDfJthet5 8t)d thi)se strupgkn% financialti. In deternvnin% hiN' bcsi t(i pursue ihtse iTrbjcctives. thc mistccs ha%'e refeyred tlb the (..h￿Tr. C.i)mmi58i(?n'i ￿￿d¥In£¢ iTrn puhlic btnefii. The charit!. rLins 2 nwnber of cc?mmunitk based actiiitses which focus on assistin8 the Ib$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. $piriiu#J *nd S(5￿(>-eCIIft1)M1c d¢4-clopmeAI Dt Ihese p￿PIc. The Church ha$ ministers who ¢oordiDat¢ thc volun¢¢er$ under rhe dir¢ctiDn nt The ￿lI￿rat¢. Obl¢rfive l - The adv4ncem¢ni of the Chrlitian faith wotldTh4d¢ In #C¢ord￿ce *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$trAted kn. in-pcrs¢)n irtendancc ift scrvices. The appbe5 11> KinRdDm .ulture {Kl"l and The I'i)uth rrR)l and thc Chiidrcn Church smQCts. lrt ￿dI"[lOn. Ihc l.Iiurch h#J cnnurtucd to strc*rn thc Adu]i an¢J ￿t￿li)M C.dture S¢nri¢L% uniinc i'iA YuuTuEK. IBI Jubilc¢ (-hurrh'5 fi)cu5 to e4uJp 1ndiwdu￿5 Ar levels of Ilfe. Our Sund21' ser¥ryces conunuc f¢) educatr and Carry pracE #ppb¢itx>ns. l)ur ￿￿rkerS ErnpN¢m*nt mcetb)8Y, IlIen'¥ Fell<1￿.%￿P. IY.c)men ()[ Prrisc. Kingdvm C.ulEure.'The RJ'4in¥ Ytn. The first edition nf I,-OP Sanchesrer wa$ 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 E￿th 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 kin￿1)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¥. sP￿t￿￿u5 and emoui)nAUy for IES ¢ntJr¢ cuwtgaEintL Ind mAn)' fr¢)m uuiside the church. In i)ur but￿￿Y Senriie5. TAr COnt￿tte 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)nsi*r* nc)t (>nl!' i)f church n￿nIbe￿. bur ijrhct and m()thgr5 M'hi) turrt the guAbfjiftx critcnj tjt 4idl1￿h(￿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 Chxfi￿d 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 cortixn￿d Nyth its Church Resrx>nsibds't)" b!. r¢*ching uut to th¢ Ic5s pri1-i1￿lyJ 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 ￿le￿i*l$n8 P¢Jierti' In It4 llntnediHte c(?mmLEnin-. t￿nThs the pindcmic. wc incTea%ed the number <)f di1.4 4Lce$5 the f(M)d b￿1 ti).I da%￿ a trtek and the v<>lurn¢ ()f thc l(MxI pck2ge% and ta￿1 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 $tre'ams. The Trustec's Fxpbo- Is ¥TcnerAtI)" t(> mAintain rescn'¢g 8( A l(NT level and rrj appI!- chariric5 ￿CoT￿c t(} funiknng its atuwticx. In the ht ut ihc inctsTnL' ￿nerated. thc iru%t¢es considcrcd that thc balancL lif ihe Linre¥ricted Eund% was rcasvnable. Principal funding 80Utce8 Thc church membcrs cijnrirtue tc) be Ehe m¥n s()urce ()f tnc(Ime in f(?rm ()f dun%rii)ns 1nd ¥ivrn Ic) the church. CJifi ,4Jd cljimed Incnme Irnm dnnnTS u'hn fit criteria. DurinK the fjscal l'ear. pnsr panclemic, Ih¢Te ￿.?1 o nniiceAble increasc in rth'enuc a5 tundlng Cf>ntt2hutii)ns Irnm membcrs inircA5ed. Redeemed Chri8tian Church of God (RCCG) - Jubilee Chur¢h Manchegter. Tru8t¢es Annual Report {Contd.) For The Year Ended 31 December 2024. FUTURE PL4NS 'e art lookn"nK ai refurbi.4hJnR our siie. thJ$ ￿Ve u$ the op[M)rEu￿￿' to influence Ihe cvmmunjt). b> pro%idmg A range of settic¢s. ich Are currendy in*d4uate in the #rea. The prop()sed budding enabl¢ u5 tlp prrJ%'ide bettcr t￿111￿¢$ 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 Continu￿5. 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¢ com￿U￿ltV b!. ini'¢sonK iimc. criLW and rcsoU￿eS 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 uftinCot￿r%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 usu￿1!. given ihe re%p(>nsJbiliti (If rccotnmcnding new TEusr¢cs. %£￿. Ln&iees Are ￿k¢r¢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 ￿v￿rt 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 th￿t 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 fIn￿rIal 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 t￿l￿nCial 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 K*i'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 $uitiblc acci)unting p¢)liots xnd then xpplv them [nateri￿ departures (kn"sd05L.d and cipiaJ"nL.d in th¢ tinanagj starcmcnt Prepare the fin3nCi￿ 51atemenrs un the ￿Ing cunccm bASS% unless it 18 inapprupriatc tu presumc thar the ch#nh' ￿ill cvnunue ift busine%s The Trusiees Arc rtspun$iblt I'tsr kccp2nR pmw ¥c¢nuniink> rc¢o)rd5 that discln$e ￿.11￿ T¢8snnable accuraa. At titne the fLnanciil p?siu<)n ¢>f iht cliann. Incl tc) csixhlc Ihem rrj ensurc Ih4t thc 5t2temcnts cnmph. Thiih the l-.h8Tiue9 Élct tyl l. thc ￿P￿tc￿￿1u Charitlts l.Iccc)unt5 and RcpL>rrs1 Rewlxlluns. and rh¢ PTOI'i%ion5 the Trn5r Dced. Tht TrusEec* are Alsi) Tespi105Jble For safexuardin th¢ 28%ts vf thL. C.harJry' and hcncL' taking tLisonabie sreps fi)r th¢ PT¢ventivn and dLtLtrJun uf ftsud other ifr¢.¥uL￿.rleS. Siaiemeni of digclooure of informouon io audltOT i (ar as ihc iruNtcc.s Trrc au'are, Ihtre 14 n(1 Telei'3nr 8111lii iDI(>miaui)n Uru'￿(￿ the chirir>'s audJli>r51indc￿ndeftt exArnincr5 ¥re wil￿.*r¢ and each trustee has taken All the $Teps that he nr 5hc ought to have taken as A trustcc in ordcr tts ￿￿ke himsclf rJT hersdf aw#rc of an? IcYAnt infumiauun *nd csrahlish Ihol th¢ chari￿5 audJt(Jr51ind¢pend¢nt examiners grc 3wArc of rhar infvtmtstic>n. Signed ()n Beli￿l-()( The l.'hAriry Trustce Re￿L 8DLL)-o KO rku£r£t Pi)Sition 2g.10.25 Signcd Pr>5J(itsn Redcemed Christian Church of God {RCCG) - Jubilee Chw¢h Manchester. Independent Examiner's Report On The Accounts. For The Year Ended 31 December 2024. I un thc accibunty uf ¢hL RcLlccmtJ LhristiAn Church vf GTXI (RCLGI- Jubilee Chutcb Ilattchcstet 5Ct uur c)n P4Te$ 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$iL)ns uf ihr twsi d¢¢d rixuir¢ rhr try51¥￿ r() prvpAr£ financd stAtLlllL'llts fi)r each fuw)cJal )cAr u,hich ￿Vi. a tDJe fatr iirw (?t thL' %tate {)[ AfEws ljf th¢ ch4riri' And (jf the inc()rn￿8 rc5(iurccs and fippli¢atiiin c)f re￿>Ur￿¢s, itJclu(b"n& the and e%P¥Aditurc c)f the rh3rit)' fijr ihxr perir8J. The tnE%tccs oJn5idcr IhAt An audjt is nc)f Teqwred for this vexr (Lnder I-l i)f ihe Ch4riTie% Aci ?oi I mie 201 l .Ittl d thit An fftdcpcftdcnE cxAminau()n 15 ntcdd. It is mv re5PC)n>ibthn- ro.. examirtc th¢ Atcvurtts undLr SL'CUUn 143 of thc •OI l Atr tr) Eijlliiu. the pr(Jccdtsre% l￿d di)wn fft rhi% GcneTh] DireC￿)n5 %i%en b%. thc ChaThn. Cummissstsner lundcr 14?151(bl nf Lhc Wl l Ac4 tn stAie whethcr pArticul%r rnjtters h*i'e ujme trj mv )Iteniion, ,Il1' ¢xAnunitiun ￿.1% caTni'LI uur In Accurd.ItlCL thL' Kcncrnl dtrrctim rht trusTees cc)nccming surh rnxticrs. ltrr PnK¢(IMres undtrraken du oc)1 pwvide su the evidence thgr w(>ukl b¢ ryuired in anv aikthi And cons¢qucnrl%' I Thoi LXPfC55 opityon on th¢ i'i¢w xiv¢n bv the Accc)urLtJ. Iii c()nnecunn ￿ryth mv tXAzNnktii?n, n() mJ¥trr hths crime ia mv artenutsn m.htch wi'e9 Me TC35onzhlc ciusc Ici htIicvc thRt in an!- Mater￿ rc5pccI thc rc4wremcnt5'. ro kerp Ippr￿r￿Ic attounnnk* rLcurds In actuidantL secti(In 130 of rht 21111 Atr. And r<) prcpare 9CCC)wit5 ￿'h￿h acci>rd Mith Lhe atcnurttin% r¢c()rds Ind ti) cc)mpl!' ￿7th the ar((>LU)ti￿ rcgwrernents (Jf rhe 2111 l Act h¥i'e n()t becn niet: i)r . t() which. in mv upjniorn Jllentii)n 5h()uld be drA￿'n In cirdLY t() eftable a pt()pet under5rxndin¥ uf the Accounts t(} be reAched. Si%nL.J.. E12barundL .Ilvs4ku l.Im¢agt pr()fe44inA￿ Services .S!'AC BwldinK l?0. Thc Il'ickcr Shrffiekl. 5.3 SJID 27 Octnher, 202.5. D2rc Redeemed Christian Church of God (RCCG) - Jubilee Church Manchester. Stdtement of Financial Actiritieg For The Year Ended 31 De¢embet 2024. Uweutiicied Fund$ 2024 Note8 locome and EndoThrynen Ftom- Di)niiinrt5 2nd Iyies IINIRI" CIr￿t3 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 inv￿￿￿thit 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>. T￿￿te¢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 St4*meni of Flnand41 AcuFiu¢8 (3,W) (166.194) Adjwtrnent• for. Drprcciati(Jn ()f pN>pertv. plant equipmenr Los$ i)n th"pusai lit T￿n￿b]l. fLwJ asgeT$ Decre&%e/(IncTC4sel in rraLl¢ and uiher r¢ceiv¥bies (Dc(re2%elllArTt&%e in tradc 2nd ()ther FJvablc Net c*Jh used in oper4tin8 aCI¥Viti¢¥ 26,794 25.)78 143.2711 4",,7i8 22.776 83,784 Ca8h t]ow from inve$tinB •Ctiiityei PurcliasLS UE PryJPLrri'. plant and L'guipmLnt Nei c￿h u•ed in Inve8ting acdvldes 89 04 89,204 44,554 Cash flo* from fInAna￿ activitie4 Nti tash ui¢d in fthandng activities N¢t Incre￿¢/{der[c¥c) irA ¢a•h equfftyalcnio Cash and c06h e9ulvalent8 ai the beglnnin% of th¢ )¢Ar Ca•h and CA•h ¢qulvalcn¢J ai the end of th¢ y¢J (66.426) 1128.338) -3()8,()()9 204,2fJ3 Componetti of caoh Aod ca8h equivAlent8 CA%h and bank balancL's 2U4203 270,631 270.631 Redeemed Christian Church of God (RCCG)- Jubilee Church M3nche8t¢r. Notes to ihe Account Foi The Year Ended 31 December 2024. I l.) Accoundng Policles Ba8ls o[prep￿ing tht fitwkcial stAiement The fInanU￿ 4tatements hgl'e bttn prepared in acciJrd2nce wth.%iaiemenr of Recoinmended Pracuce.. .4cc(Junting and Rcwrtin¥ b!. C.hariue5 PTcparin8 th￿r A(ci)untb In actUTdancc ￿7th thc financi￿ Rcpurung Standard Applscxble in the L.K d Repubb"c nf Ireland IFRS In21 i4$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 t￿tr¢S in ￿rth￿rance of the Kener￿ iibjccts uf the chirity. De$i8n•ted fund8: 'Thcs¢ are unresLriCted Ajnds eamjarked by rh¢ fuf pAn5cular py5t5. ReV￿lU￿tiOn funds.. Thc5t Art uiircsiriaed funds which includt # rev￿UlUvn teservc tCPTesenting tht ¥e5rattmcnt of in%esnTJenT tsS9¢t$ ar th¢it rtMrk¢r IAiu¢. ReBtri¢ted funds.. The¥r arc a%'wlabl¢ tot Usc $ubjc¢t rextnryuns itntx)sed b) the dnnor ()r thr(>ugh tcmjs ()f an Inrome Rrcogniuon of income: IncLTrrnC IS ￿(lud¢d In thc 5T*eTr¢ni oi Pin#%ncig1 Jlcu¥'irieg1&)fil) when the ch*in' becomes enutled ro. and %'irtuall!' ¢E￿in to receifve th¢ Incotnc qnLI ihL' Imtsunt of th¢ incumr can b¢ mrasurLd K¥irh sulfiaenT re￿*bOIr%. Itx¢tsmt ￿4th rcl*t¢d ¢xp¢ndirnre: K'her¢ Iftci)me rel.ltd eKpendi￿re tlic inc(?mc and Tdared exp¢nditUTe 1% rew)ned gTtsS$ tn the S<>P.4. Donationj And legAcie8'. C)lunr*n' 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• uncr*ndiui)n*l entstJcm¢At to the incnme T*x rec￿lMO on doD*tion& and %ifts: Jncni txx riclaimN iniludLxknn thc Sol.'A ai tht sanic tim¥ 2% rhy gifrldi>nauun ￿ *.knih ir tL.hiey. Don•ted Jervices sknd f¥ilitio'. The¥e are ijnl!. includcd in inci)m¢ I￿7[h an c4wN￿¢￿I ¥n(>uni in up¢ndJ'tt]r wh¢re thc bcnrfji E(> the Charity )% Tex8f>nAbl!' quanufixbk mLAsurnblc 8n(l rn#ieri￿. Voluntter help: Thr i'aluc vf an!. i'(JluntC¢T h¢lp rc¢LYvcd i$ not indud¢d in th¢ 4cco>unt5. Inve$tsncnt Intome: This 1% Inrludcd in Iht JCClJunt u'hen rcccii'Ablc. Gain$/0￿$￿$) on r¢v8lu*uon vf fi%ed aBJets: Thi5 In£ludcs An!" bryin i)T Ins5 Tcsultinx Inim rei'AlllinK 5ni'esrments ro marktt i'llus at the end (If the l'ear. Gainb/OoBBe¥) on inYeJtmeni ￿ets.. This indud¢s an> or k>s$ thr sale Df in%'cstmLlIts. ExpeodiwTe• Reco￿￿￿0[} of cxpendlwr¢: Ex￿ndItuT¢ 1% r¢ciwiiscd An Accru￿ basis. Expcfiditure tndudcs an). I'AT I￿￿1ch cannc)I bc rcci)*cr¢d, ty rtP)Twd /% pAn ()t thc CKpcnds'turr Ill ￿h)Ch it rdares. 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, fW￿￿Slng rradinx custg And inve&tmcnt man1￿ment 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, inCI￿10g the mjkinx nf xranis and giii'emance cn51S. Grantg Paydblt: .411 xr4nts c￿￿n[b[￿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(r￿ted mectin% the c()nstitutl<)nal And statui()r)' iequiremcnts of the thant).. includinMF #n} &lldiL/ ](Icpendent eXArn￿¥ti(Jn te¢$. c05t5 iitthcd to thc $tratep¢ m*ngpneni ()f the ch&nt%'. twthtr * sharc of i)thcr Adrnullstrative costs. Other expenditure: ThL%¢ arc supp(Jrr cust$ nui aUi>c#tLxI ro a PArticu10r ¥ctii'ity'. Taxatlon 'Ili¢ uh9rit)' 15 exempt frt)rn Ta¥ un i15 chantable ￿￿￿'1￿e$. Tan￿b￿ fixed deprethauon: DLTrtciauon is proi'idtt4 al th¢ toUowiAg 2nrtU21 YdLts in Ordtt Its wrirt off cach Asstt uN'cr its csiimat¢d us¢.fid Jife.. Lt*Aehold Property Pl*rtt #nd M*¢hinery Cvmpuiet Equipmet)1g Ftxturc& FitTing8 io0/ Trad¢ artd other d¢btor• Trjde #nd i)fhcr dchr(>rs Jrc r¢c()gns%¢d li th¢ settlcznent amounr due after In}. tpade discuunt ()ftrred. Pr¢pll>Th¢nis Jrc Y￿U¢d ai Ihc Aini)unT PTepw(I nei ijl. ani. trade di%¢i)uois duc. Cash 2nd ca&h equiYAienL#: l-.ash and c44h Cguil'￿enr% c()nipris¢ cash %t bank and c>n hand, dcmand dLyJsitN Mith banky and uthLf 5hc)rt-tL'rrn hwhli. liqukl t"csrrncnr* uiih i)riKin￿ rnatUritiL¥ i>f thrtl mc)nths (Jt IL'5% and bank (JN'crdrifE. In thi sfAtL'fiiL'nt4 ijf p(>%jtinn an iniewj pan c)f rhe comp￿) s cg4h mAna￿￿c￿¢. Tr￿e #nd other credltorn: Shiin tinn crc¢knror5 Irt mL'isura ar th¢ trArtsacrivrt pricc. nther CT¢Ltiturs anJ pruwsions atc rcvgtiiscd ￿.herC tb¢ chatiiv h2s x prc5Cnt Te%yJtinhT i past tvenr rhar wqll prL>b2bl!' Ttsult in Thc tran%fer uf furtd5 iu i third pam.. and the amount due tl) s¢¢tl¢ tlie ()bligAuf)n can bc rnca%urtd iir c%iimated rclsJbl}'. Crtditor4 pr()irysi¢?ns are n(>Tmglly rcc()bm15cd ai rhesr scitltment arn4)uni Aftcr fur ¥n)' (r4d¢ diSCiJlUit¥ duc. Redeemed Christian Church of God (RCCG) - Jubilee Church Manchester. Notes to the Account For The Year Ended 31 December 2024. L**aed as*tB: here the ch2nN' enter5 ittto * Itxse *thich eniads ttkj'ng sub5tan12aUI- au the risks And reward5 (?f (b￿rItIshIP of ￿ 2s5C4 th¢ kase i5 treaied a$ a t￿Ince IvAse. thich dc) not transfer substanD￿Y all the rt%k5 reu?rds of I￿￿£t￿tr￿P to charitj Art classified as r)pcraDng lcascs. Asset5 held under f￿1n¢t leA5e5 are initia￿. rec(>wsed qs a5SCt5 (If the chAritJ' ar their f￿r %￿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 (>bIl￿tion w as iv hiLs'r a cunsranr rart ()f int¢re&t un th¢ r¢mAinin% b￿an¢¢ of rh¢ li8bilit!". finance cxpen%L% are r¢cow?i$a immrdiArrls'. unitsg Ehr% art (b'r¢cil)' sttnbutxbie ri> quajifjinx ossers. in N'liich cA%e thei Ar¢ Capit￿1$¢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 x*ser%. C)PCT2ting IcA5C Pa!InetJr$ xr¢ re¢t)Mmis¢d #s an cxpen* fin a St￿￿1-]￿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. nuibutiiiD$ are TCCL>wiiscd a5 cxpthscs whcn thci. fall dut. tkni>unt% ni)t paid Ale shvwn in *tcruals in the bth¢e $hc¢r. Thc ￿&r[S of rhc Pl￿ arc l?Lld wparatd}' ftL>m thr charin. in indCpcAJcn￿￿. kn" rcrcd fuDds. Going ¢onrern: -niv tru5tCCS a$5ess whcther the ust ()f x()in% c(InLern ￿ apptlJPri4T¢. Ih&t is wh￿￿¢T th¢re are an!. maicriai unCcna￿tIcfj thAt m2!. cs5t d(>ubi ()n the abibn- (if ihe charin. tn continue #5 a going ¢onccrn. Thc trust￿$ mAke thss ￿$t5$menT in respr¢r Dt 2 peri£xl (jf c)ne je from rh¢ datt oi apprvi'al (jf rhc fthArttl￿ 5fRicmeni%. Th¢ iTusi¢es arr 5atisficd rhat a¥ thc d*t¢ uf ￿PIU1.￿l of the financial stattments. the Ch￿1￿ hA5 suff￿¢nt rc$uwccs to conunul as gtyinx concem th¢re arc n() maEerigJ un¢ett*inties di)ubt (In the abilitv Élf the ch￿]n' tn c()ntinue as a gi)in% ci)ncem for at Ir&8t (Ine %'ear. Unre•iricted 2. Irtcom¢ Endowments from: Funds 2024 2013 41,-8 y43,7¥8 843,788 819,594 HMRC Gr￿19 and Other Inri>me Cbilt ilid - HIIK(-. r(K?cl Batth 5￿cs OthLr incom¢ Shup Income 114."14 11.448 142 9.15fT )42 942 156.118 Redeemed Chr18tian Church of God (RCCG) - JubAlee Church Manchester. Not¢8 to the Account For The Year Ended 31 December 2024. 3. Expcndi¢ure on charitable actlvld Urwe•¢ri¢i¢d Fund• 2024 Expendltute on ch#ArAble #eilvlflt• Chaniible icui'iues 47,440 1,2(N] 1,940 4-,.4￿) 12IKI 1,94U 5.79? 4.69() 47,441) CLnTTxi ()tfKc fund I'L>uth Lbutreach Lli#ntJ' %hi?p cxpcnses F(?(>d bank C.IinfcYenctt and hcDNpiulir! C.Tinipui¢r ¢lTrn•umible6 Il¢n f¢ll¢JU'yhip D¢Lvr*rions 1.4f>4 3J82 .1,875 l(),-i512 5..357 550 4.6¢)6 16.16 4.9-.11 (AXI 3.2U6 11.835 1.1.565 164() 2CI4,524 4J,650 32,251 6,71)9 32¥0 11.835 1.1.56.5 2.6411 2()4,524 43.6.411 312.51 6.?gl) 12 94 985 K'df¥Lre And 18,48() Ilu&Jc miAi4tr rciti1.￿l nt'prii%t I liinLJurArium DunAtJons Nlcndinx mAchine expen*eq r'4wpmeni Flirc and Tc¢hnicAI I qwpmcnt 111,429 67.696 24.UIK) 473 855 473 855 559 4. Othcr t￿￿ndIt￿￿0 un￿*¢neI¢d Fundi 2024 20 r..mpki%￿ c()4r¥ 259.18 4Y.I¥)fi l i4.901 26.71)4 30.165 259,IIIN 49,1)nfJ 154,9111 26,71)4 2i4..3.19 C15..11 l4l).025 Pr£nusei ci)sts Anii>rrisAtivn. dLpriLiaiii)n. irt1P￿lm¢nr, profir/lv$s un disPUs41 of fu¢d ASS¢t$ I vincr*l xdMirust￿￿1¢ ¢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 $4 2.1.71 fi 4.438 PLnsion cojrs 252 Redeemed Christian Church of God {RCCG) - Jubilee Church Manchester. Note8 to the Account {Cont.) For The Year Ended 31 December 2024. Thc aNcrAgc munthly numbcr of full timL 4uiv&knr empk)I'eL'S during thc Trcar wa5 a6 follow5.. 2024 Number Number Admini4rraiion wul rnanagcrncni The charirn 15 ennilled iti Nest Pcn%on Schcme fi)r emplnTrTes in Iine with the Lnitul KioEdr>m law. 7. T%n8ible Fixed A66ety iAnd And BEkAldkng Plant and Marhinery Fixtt]reB and Iltdngs Computer Equipment Tot*1 l.'ust 115 ai l JanuAo' 2n24. ..ILid Di%pi)n reserves Totsl fund 1,144.f>24 999.£￿ 11.tM)3.", 9)) 1,144 624 L(￿3.790 1,140,740 Unresttictrd fund$ 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 cutrL*t *sscts 12. Commitmenil There xre n¢1 artnu￿ ci)mmimi¢Ji¥$ under unn-cgntdbti()n opcraring lea9e$ duriftg Ihe periiA.. Pcn$ion commlttnentB 2024 2011 The pens]nn ¢0sr chxrye t() the chxrit). wttc)unted tt) 4,4.19 4,439 L3. Conthi8enty Uabilxde6 Thrre are nu <(mtyn%enr liabiknu¢% f(>r the i'e¥i ended 31 Dcccml)cr 21124. 14. Relaied PAtty Di8closure6 Thcrc art nii relatcd pam. I￿n%￿C￿0￿$ 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% l*gxies 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 Tot*i 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