# **REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE NORTHAMPTON**
## **REPORT & ACCOUNTS**
**31ST DECEMBER 2024**
## **Redeemed Christian Church of God Holy Ghost Zone Northampton** Reports & Accounts
|**Contents**|**Page**||
|---|---|---|
|Legal and Administrative information||1|
|Report of the Trustees|2 -|4|
|Independent Examiners Reports||5|
|Profit and Loss||6|
|Statement of Financial activities||7|
|Balance Sheet||8|
|Notes to the financial statements|9-11||
|(Inclusive of detailed Income & Expenditure)|||
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
## **Legal and Administrative information**
## **Trustees:**
Pastor (Mrs) Mary McCauley - Chairman Pastor Babatunde Isiaka Mrs Elizabeth Harris Mrs Olubukola Awolaja Mr Ayodele Adeeyo - Secretary Mrs Olanrewaju Orefuja Mr Oladipo Onaola Pastor Jibola Alake - Official
Charity Number: 1107278 Company Number: 11803512
## **Operational Address**
19 Abington Square Northampton NN1 4AE
## **Independent Examiner**
Tolu Balogun 5 Garden Place Wilimington Kent, DA2 7EP
## **Bankers**
Natwest
## **Report of the Trustees for the year ended 31 December 2024**
The Trustees, who some are also Directors for the purpose of Company Law, are pleased to present the annual report for the purposes of Charities Act 2011 and sections 415 to 419 of Companies Act 2006, together with accounts for the period ended 31 December 2024. The Trustees have adopted the updated provisions of the Statement of Recommened Practice (SORP) "Accounting and Reporting by Charities" (FRS 102), in preparing the annual report and financial statements of the Charity.
## **Structure, Governance and Management**
Redeemed Christian Church Of God Holy Ghost Zone Northampton is a charitable company limited by by guarantee and not having a share capital. The charitable company is constituted under a Memorandum of Association dated 4th February 2019
It is governed by its Memoradum and Articles of Association and is managed by the Board of Trustees. Decisions are made by a simple majority vote by the Trustees who set the strategic direction of the Charity Trustees are selected based on the contibutions they will make to the governance of the organisation, and the skills they possess. They are provided with copies of the charity commissions's guidance. Additional information and traning are also provided as at when required.
## _**Objects of the charity and activities**_
We have laid the objectives of our charity under five themes:
- To teach the sound Word of God, pray and advancement of Christian faith by
- educating members of the community as necessary;
- To organise children and youth activities, to promote unity while developing
- deeper spiritual growth;
- To encourage a prayerful life and consistency in the devotional life and spiritual growth
- of our members;
- To work in cooperation with other Christian organisations and support events to
- achieve Christian aims and objectives;
- To alleviate poverty as much as we can within our immediate environment.
## _**Organisation**_
The board of trustees meets at least 3 times in the year and when necessary to administer the charity activities while the pastor in charge administers the day to day management of the charity as delegated by the trustees. Some of the meetings are held via zoom.
## _**Risk management**_
The trustees actively review the major risks which the charity faces on a regular basis. They have examined the major strategic, business and operational risks which the charity faces and confirms that a system have been established to enable regular reports to be produced so that necessary steps can be taken to minimise these risks. Insurance covers are in place and finances of the charity are kept under review. Procedures have been put in place to ensure compliance with heath and safety of members, staff, volunteers and vistors to the Charity.
## _**Related parties**_
The charity is part of the Redeemed Christian Church of God worldwide with which it has an agreement of common purpose. A summary of transactions with those parties are set out in note 6 to the financial statements.
## _**Review of the activties and future developments**_
The charity continued to strive to ensure the objectives of the charity are met.
This year we continued to meet the objectives of furthering the Christian faith and alleviating the suffering of the people generally irrespective of their race, background.
We have also been successful in sharing the Christian faith and helping people develop biblical principles that build up self esteem enabling them to stay out of criminality and social vices and eventually enabling them to fulfil their purpose in life and live a happy productive life. The church is keen at providing stronger family ties and educating the youths.
In meeting the objectives of the charity on a larger scale, we hold an annual festival involving Churches from all denominations to proclaim the name of the Lord and create an atmosphere of worship and open heavens over the county. The festival is called Northampton Praise Festival (NPF). The one for this year 2024 was held in June 2024 and it was well attended with various churches with Northampton fully participating.
In terms of donation, we supported some charities. We actively and strongly support the World Evangilical Mission, which aims at furthering the Christian faith all over the world. The charity is involved in a monthly social action programme called PASS (Put A Smile on Someone). Anyone struggling to put food on the table are welcome to pick up a food bag containing different foodstuffs every other Friday.
The Parish Pastor do pay regular home visits to member to ascertain their welfare and sometimes go to hospital when need arises to pray for any sick member.
## **Report of the Trustees for the year ended 31 December 2024 continued**
This year, trustees consider that the performance of the parish has been satisfactory in terms of advancement of the Christian faith, helping the poor and in generating needed resources.
## **Volunteers**
Many volunteers give up their time to help at the church, particularly at weekends and in the evenings. We are greatly indebted to these volunteers for their commitment and support.
## **Financial Review**
## **Reserves Policy**
The trustees have established a policy whereby the unrestricted funds are not committed or invested in the free reserves held by the charity, approximately two months of annual expenditure. At this level, the trustees feel that they would be able to continue the current level of activities of the charity in the event of significant drop in funding.
The policy on reserves is that the existing assets are retained to produce income which is wholly utilised to support existing activities. The trustees have indicated that any unrestricted funds not committed or invested in tangible fixed assets, i.e. free reserves held by the charity should be accumulated as reserves.
## **Investment policy and objectives**
The charity's aim is to promote religious activities. It has fixed assets in the form of equipments, building and minibus. The current financial policy is to use whatever asset that may be acquired and the income generated by the asset to further the objectives of our charity.
## **Future developments**
We aim to increase our involvement with the community through social inclusion by further strengthening our sessions, counselling and developing biblical principles, organising lerdership seminars, economic empowerment, impacting entrepreneurship skills, legal advice, career counselling, provision of welfare and housing advice, providing basic medical advice and other services as may benefit the community and the public.
## **Report of the Trustees for the year ended 31 December 2024 continued**
## **Statement of Trustees' Responsibilities**
The Trustees/Directors are responsible for preparing the Annual report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees/Directors to prepare financial statements for each financial year which gives a true and fair view of the situation of the company and of the profit or loss of the company for that period.
In preparing these financial statements, the trustees are requested to:
Select suitable accounting policies and then apply them consistently; Make judgements and estimates that are reasonable and prudent;
Prepare the financial statements on a regular basis, unless it is inappropriate to presume that the company
will continue in business;
State whether applicable accounting standards and statements of recommendable practice have been followed, subject to any departures disclosed and explained in the financial statements;
Observe the methods and principles in Charities Statement of Recommended Practice (SORP);
The Trustees are responsible for keeping proper accounting records, which will disclose with reasonable accuracy at any time, the financial position of the company and to enable them to ensure that the financial statements comply with the Company Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Approval**
This report was approved by the board of trustees on the 01/06/2025 and signed on its behalf by:
Mr Ayodele Adeeyo Mrs Elizabeth Harris
## **To the members and trustees of The Redeemed Christian Church of God - Holy Ghost Zone Northampton Charity No: 1107278**
## **Independent Examiner’s Report**
I report to the trustees on my examination of accounts of the above charity (Church) for the year ended 31 December 2024, set out on pages 6 to 10.
## **Responsibilities and Basis of Report**
As the trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the appicable directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
The charity's gross income is £189,810 and I am qualified to undertake the examination.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in accordance with section 130 of the Charities Act; or
- accounts did not accord with the accounting records; or
- accounts did not comply with the applicable requirements concerning the form and content of
- accounts set out in the Charities (Accounts and Reports) regulations 2008 other than any
- requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signature Date: 4th June 2025 Tolu Balogun (Independent Examiner)
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
## **Profit and Loss Account for the year ended 31st December 2024**
|**Notes**
Turnover
Administrative Expenses
Operating profit
Interest receivable
Profit on ordinary activities before taxtion
Profit for the financial year|**2024**
£
189,810
191,100|
|---|---|
||-1,290
160|
||-1,290|
||-1,290|
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
## **Statement of Financial Activities for the year ended 31st December 2024**
|**Note**
**Incoming Resources**
Donations, Legacies & similar
income
3
Other incoming resources
4
Bank Interest
**Total incoming resources**
**Resources used**
Cost of generating funds
5
Charitable activities
6
Governance costs
7
**Total resources used**
**Net Incoming Resources**
Transfer between Funds
**Net Movements in funds**
**Balance at 1 January 2024**
**Prior Year Adjustment**
**Balance at 31 December 2024**|**Unrestricted**
**fund**
**£**
170,514
-
160
170,674
170,495
16,887
3,718
191,100
**(20,426)**
-
**(20,426)**
**148,345**
**127,920**|**Restricted**
**fund**
**£**
19,136
-
-
19,136
-
-
-
-
**19,136**
-
**19,136**
**120,829**
**139,965**|**Total Funds**
**Total Funds**
**2024**
**2023**|
|---|---|---|---|
||||**£**
**£**
189,650 161,812
-
160138|
||||189,810 161,950|
||||170,495 123,084
16,887 16,435
3,718 19,724|
||||191,100 159,243|
||||**(1,290) 2,707**
- -|
||||**(1,290) 2,707**
**269,174 266,467**|
||||**- -**
**267,885 269,174**|
The statement of financial activities includes all gains and losses recognised in the year. All incoming resources and resources expended derive from continuing activities.
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
## **Balance Sheet as at 31st December 2024**
|**Fixed Assets**|**Note**|**2024**|**2023**|
|---|---|---|---|
|Tangible assets|11|**£**|**£**|
|Church Furniture & Fixtures||24,485|25,205|
|Building||244,846|249,948|
|Vehicle||32,747|5,455|
|||**302,078**|**280,608**|
|**Current Assets**||||
|Cash at bank and in hand||16,060|22,100|
|Debtors|9|11,525|6,550|
|||27,585|28,650|
|Creditors: amounts falling due||||
|within one year|10|||
|Accountancy Fees||1,134|1,113|
|Soldo Prepaid Card||618|316|
|**Net current assets**||**26,967**|**28,334**|
|**Total assets less current**||||
|**liabilities**||**329,045**|**308,942**|
|Creditors: amounts falling due after||||
|one year|10|||
|Loan Account(Mortgage)||30,594|39,768|
|HP Vehicle||30,566|0|
|**Net assets**||**267,885**|**269,174**|
|**Represented by Fund:**|12|||
|Unrestricted||127,920|148,345|
|Restricted||139,965|120,829|
|Prior year adjustment||-|-|
|Designated||-|-|
|**Total**||**267,885**|**269,174**|
The Trustees are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Company Act 2006 and that the members has not required the company to obtain an audit in accordance with section 476 of the Act.
The Trustees acknowledges their responsibilities for complying with the requirements of the
Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in according with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to small companies' regime.
## Mrs Elizabeth Harris
**On Behalf of the Board of Trustees**
**Date: 01/06/2025**
## **Notes forming part of the financial statements for the year ended 31 December 2024**
## **1. Accounting policies**
The financial statements have been prepared under the historical cost covention and in accordance with the Statement of Recommended Practice appilcable to charities preparing their accounts in accordance with the Financial Reporting Standard for Smaller Entities (Charities SORP) (effective 1 January 2015) and applicable accounting standards.
## **Fund accounting policy**
Unrestricted income funds are genral funds that are availabe for use at the trustees's discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Further explanation of the nature and purpose of each fund are included in the notes to the financial statements.
## **Incoming resources**
Donations and grant are recognised where ther is entirlement, certainty of receipt and the amount can be measured with sufficient reliability.
Income resources from tax reclaims and bank interest are included in the statement of financial activities.
## **Resources expended**
Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.
## **Tangible fixed assets**
Individual fixed assets are capitalised at cost.
Tangible fixed assets are depreciated on a straight-line basis over their estimated useful lives as follows:
|follows:||
|---|---|
||Annual rate|
|Van|25%|
|Church Equipments|25%|
|Building & Land|2%|
## **2. Legal status of the charity**
Redeemed Christian Church of God - Holy Ghost Zone Northampton is a charitable company limited by guarantee and not having a share capital. The charitable company is constituted under a Memorandum of Association dated 4th February 2019, and is registered charity number 1107278.
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
## **Notes forming part of the financial statements for the year ended 31 December 2024 continued**
|**3. Donations, Legacies & similar income**
Gift Aid
Tithes & offerings
**4. Other incoming resources**
Pledges
Other Income
Bank Interest
**5. Cost of generating funds**
Internet & Telephone
Mortgage Interest
Gift & Honorarium
Insurance
Transport and Travel
Stationery, Printing & Postage
Training & Conference
Stepends
Depreciation
Welfare/Church Outreach
Salaries & Wages
Heat, Light & Rates
Repairs & Maintenance
Choir, Youth & Children
Dues & Subscriptions
Account Fees
Bank Charges
Sundry
Rent for other Building
Social Activities
Church running expenses
**6. Charitable activities**
Central Office support
World Evangelical Mission (WEM)
Festival of Life
Regional Contribution
Mission
**7. Governance costs**
Professional fees|**2024**
**£**
29,402
141,112
**170,514**
19,136
-
160
**19,296**
6,812
2,424
5,825
3,714
4,625
3,526
23,258
3,364
24,178
9,123
29,770
6,436
9,004
3,409
974
1,134
1,610
515
19,834
4,434
6,526
**170,495**
1,200
12,670
-
2,200
817
**16,887**
3,718|**2023**|
|---|---|---|
|||**£**
24,413
124,945|
|||**149,358**|
|||12,454
-
138|
|||**12,592**|
|||2,994
2,741
3,850
2,861
1,510
3,463
6,151
4,522
14,016
5,429
28,862
3,443
7,751
1,727
-
1,113
1,143
1,052
20,304
4,017
6,136|
|||**123,084**|
|||1,200
12,593
-
1,250
1,392|
|||**16,435**|
|||19,724|
**8.** The trustees were not paid or reimbursed for expenses during the year.
## **9. Debtors**
|Other debtors|11,525
11,525|6,550|
|---|---|---|
|||6,550|
## **Redeemed Christian Church of God Holy Ghost Zone Northampton**
**Notes forming part of the financial statements for the year ended 31 December 2024 continued**
|Natwest 1988
Natwest 8771
Natwest 1173
Natwest 2745
Natwest 7729
Petty Cash
**10. Creditors - amounts falling due within one year**
Accountancy Fees
Other Creditors
**Creditors - amounts falling due after one year**
Mortgage
HP Vehicle|**2024**|
|---|---|
||**£**
4,234
1,952
6,183
3,450
217
24|
||16,060
1,134
(516)|
||618|
||30,594
30,566|
||61,161|
## **11. Tangible fixed assets**
|Cost:
At 1 January 2024
Additions
Disposals
At 31 December 2024
Depreciation
At 1 January 2024
Charge for year
Disposals
At 31 December 2024
**Net Book value**
At 31 December 2024
At 1 January 2024
**12. Funds of the charity**
Brought forward @ 1 January 2024
Prior year adjustment
Movement in funds for the year
Balance at 31 December 2024
**Analysis of net assets between funds**
Tangible Fixed assets
Net Current assets
Current & long term liabilities|Fixtures &
Fittings
**£**
25,205
7,441
-|Vehicle
Church Building
**£**
5,455 249,947
38,208
-|**Total**|
|---|---|---|---|
||||280,607
45,649|
||32,646
8,162
-|43,663
249,947
10,916 5,101|326,257
5,101|
||8,162
24,485|10,916
5,101
32,747
244,846|24,178
302,078|
||25,205|5,455
249,947|280,607|
||**General**
302,078
(112,380)
(61,779)|**2024**
269,174
-
(1,290)
267,885
**Restricted**
**Total**
-
**302,078**
139,965
**27,585**
-
**(61,779)**||
||127,920|139,965
**267,885**||