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2023-03-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

Charity number:1112668

TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES 1112668

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

Reports and Accounts

Table of Contents

Charity Information ..................................................................................................... 3 TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025 ........................... 4 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ........................... 8 Statement of Financial Activities for the year ended 31 March 2025 .......................... 9 Balance sheet as at 31 March 2025 ......................................................................... 10 Notes to the financial statements for the period ended 31 March 2025 ................... 11

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

Charity Information

General Overseer

Pastor E. A. Adeboye

Trustees

Mr. Gabriel Ifeanyi Onyekwelu Mr. Richard Wampah Mrs. Olufunke Olusola Oham

Minister In Charge CAC Oham

Charity Registration No: 1112668

Worship Address

St Saviours Church MacDonald Road Forest Gate London E7 0HE

Bankers

Barclays Bank 306 Romford Road London E7 9HH

Accountants

DK Accounts Ltd 11 Avante, 71 Croydon Road Caterham, CR3 6EX

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025

The Trustees submit their annual report and the financial statements of The Redeemed Christian Church of God - (RCCG) Clays Lane Christian Centre (the church) for the year ended 31 March 2025. The Trustees confirm that the annual report and financial statements of the church comply with current statutory requirements, the requirements of the church's governing documents and the provisions of the Statement of Recommended Practise (SORP) "Accounting and Reporting by Charities" issued in March 2005.

Structure, governance and management

a. CONSTITUTION

The church is constituted under a Trust deed dated 16 December 2005 and has a registered charity no 1112668

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust deed.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

The induction process for a newly appointed member of the Trustees comprises an initial meeting with other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the trustees.

e. RELATED PARTY RELATIONSHIPS

RCCG Clays Lane Christian Centre is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an 'Agreement for Common Purposes'.

f. RISK MANAGEMENT

The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate our exposure to the major risks.

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

Objectives and Activities

a. POLICIES AND OBJECTIVES

The objects of the Charity are:

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The church has adopted the following strategies for achieving the above objectives:

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

d. GRANT MAKING POLICIES

Under the Common Purposes Agreement (see above), RCCG-Clays Lane Christian Centre has agreed to make an annual contribution to RCCG (UK). In addition, the church supports missionary organisations such as Festival of Life and World Evangelism Mission. The church also provides support to members of the congregation who are in need. This is done at the discretion of the trustees.

e. VOLUNTEERS

The church is grateful for the efforts of its volunteers who are involved in service provision, it is estimated that over 800 volunteer hours were provided during the year. If this is conservatively valued at £15.00 an hour the volunteer effort amounts to over £12,000.

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

Achievements and performance

a. REVIEW OF ACTIVITIES

Over the year the church has returned to physical services which was stopped as a result of Covid 19. We are in a process of rebuilding our services and operations and engaging with our local community.

b. INVESTMENT POLICY AND PERFORMANCE

The Trustees have decided that at present, funds should be retained in Banks and Building Societies. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

Financial review

The charity's financial statement for the year ended 31 March 2025 shows a net decrease in fund of £31,250 from (2024: £6,071).

The value of the charity's net assets at 31 March 2025 was a surplus of £27,427 (2024:a surplus of £59,047)

Reserves Policy

The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.

b. PRINCIPAL FUNDING

This is provided mainly through voluntary giving of tithes and offerings by the church members and through gift aid scheme. Pledges and donations are also taken for specific projects.

Plans for the future

a. FUTURE DEVELOPMENTS

The church continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make lifechanging impact in society.

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

Trustees' Responsibilities in Relation to the Financial Statements

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and regulations.

The Charities Act requires the Trustees to prepare financial statements for each financial year, which 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 these financial statements, the trustees are required to:

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection offraud and other irregularities.

Approval

This report was approved by the Board of Trustees and signed on their behalf by:

Signature: OlufunkeOOham Name: Olufunke Olusola Oham Date: 30/04/2025

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

I report on the accounts of the Trust for the period ended 31 March 2025, which are set out on pages 6 to 10.

RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER

As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply.

It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the Accounts.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

  1. Which gives me reasonable cause to believe that any material respect the requirements:

  2. to keep accounting records in accordance with section 41 of the Act, and

  3. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act.

Have not been met: or

  1. To which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.

David Kasule

DK Accounts Ltd 11 Avante, 71 Croydon Road Caterham CR3 6EX 30/04/2025

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

Statement of Financial Activities for the year ended 31 March 2025

Notes
Incoming Resources
Incoming resources from
generated funds:
Voluntary income: donations
2
Other income
objects
Total Incoming Resources
Resources Expended
Charitable activities
3
Governance costs:
4
Total Resources expended
Net Incoming/(Outgoing) Resources for the year
Total fund at 01 April 2024
Total funds at 31 March 2025
6		 2025
2025
2025
2024
unrestricted
restricted
Total
Total
£
£
£
£
10,443
-
10,443
2,010
-
-
10,443
-
10,443
2,010
25,890
-
25,890
17,586
1,574
-
1,574
378
27,464
-
27,464
**17,964 **
(31,620)
-
-
31,620
16,817
59,047
-
59,047
52,976
27,427
-
27,427
59,047

All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

Balance sheet as at 31 March 2025

Notes
FIXED ASSETS
Tangible Fixed Assets
7
Other Investments
CURRENT ASSETS
Debtors
8
Cash in Hand/ Bank
CREDITORS:
Amount falling due within a year
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS:
Amount falling due more than a
year
NET ASSETS
ACCUMULATED FUNDS
Restricted
10
Unrestricted
10.1
TOTAL FUNDS		 £
2,094
13,475		 2025
£
6,626
6,002		 £
12,360
27,443		 2024
£
2,004
17,500
12,628
14,799		 19,746
39,503
15,569
(770)		 39,803
(300)
27,427
-		 59,407
-
27,427 59,047
27,427
-		 59,047
-
27,427 59,047

Approved by the Trustees and Signed on their behalf:

Signature: OlufunkeOOham Name: Olufunke Olusola Oham Date: 30/04/2025

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

Notes to the financial statements for the period ended 31 March 2025

ACCOUNTING POLICIES

1.1 Basis of preparation of accounts

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for smaller Entities (effective January 2007).The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), "Accounting and Reporting by Charities" published in March 2005 and applicable accounting standards.

1.2 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Church and which have not been designated for other purposes

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Church for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the accounts.

1.3 Incoming resources

These are recognised in full in the Statement of Financial Activities in the period in which they are received Included are income from tithes, offerings, and interest received during the year from investments and accounted for as restricted or unrestricted-funds.

2 Voluntary Income: Donations

Tithes & Offerings
Gift Aid		 2025
£
10,443
-
10,443		 2024
£
16,035
4,075
20,110

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

3 CHARITABLE ACTIVITIES- (Direct charitable expenditure Unrestricted)

This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.

Rent & Rates
Donations & Gifts/Welfare
Children Church
RCCG Central Office
WEM
Honorarium -(Guest ministers)
Hospitality
Choir Expenses
Multi-Media/Equipment
Conference/Meetings
Printing, postage & stationeries
Subscriptions, Licences
Training & Community Project
Website expenses
Missions, Outreach & Evangelism		 2025
£
2,500
5,900
38
290
-
750
1,953
3,800
2,488
1,347
1,868
424
1,000
-
3,532
25,890		 2024
£
1,360
1,229
-
-
2,080
1,690
585
500
498
-
5,018
306
295
650
234
17,586

4 GOVERNANCE COSTS

Legal & professional fees
Depreciation		 2025
£
804
770
1,574		 2024
£
300
78
378

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

4.1 NET MOVEMENT IN FUNDS FOR THE YEAR

The net movement in funds for the year is stated
after charging:
Depreciation of tangible fixed assets
Legal & Professional fees		 2025
£
770
804
1,574		 2024
£
78
300
378

5 DEPRECIATION

Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Music equipment 18%- reducing balance

6 FUNDS

At 1 April 2024
Surplus/(Deficit) for the year
At 31 March 2025		 Unrestricted
Restricted
Total
Total
Funds
Funds
Funds
Funds
2025
2025
2025
2024
£
£
£
£
59,047
-
59,047
52,976
(31,620)
-
(31,620)
6,071
27,427
-
27,427
59,047

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE CHRISTIAN CENTRE

7 FIXED ASSETS

COST
At 01 April 2024
Add: Additions
At 31 March 2025
Depreciation
At 01 April 2024
Charge for the year
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Music Instrument
Total
£
£
6,096
6,096
350
350
6,446
6,446
6,096
6,096
530
530
6,626
6,626
180
180
2,044
2,246

8 DEBTORS

Members' Loan
Cash in hand/bank		 2025
£

2,094
13,475
15,569		 2024
£
14,270
13,173
27,443

9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Professional fees 2025
£
770
770		 2024
£
300
300

THE REDEEMED CHRISTIAN CHURCH OF GOD-CLAYS LANE

CHRISTIAN CENTRE

10 UNRESTRICTED FUNDS

These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.

10.1 RESTRICTED FUNDS

Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.