THE REDEEMED CHRISTIAN CHURCH OF GOD AMAZING GRACE CHAPEL HULL
Charity reg. no 1119496
TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
CONTENTS
| CONTENTS | PAGE |
|---|---|
| Reference and administrative details | 2. |
| Trustee's report | 3 - 7 |
| Independent Examiner's | 8. |
| Statement of Financial Activities | 9. |
| Balance sheet | 10. |
| Notes to the financial statements | 11 - 16 |
Page 1
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
| Trustees | Pastor M Bako |
|---|---|
| Pastor O I Aleshinloye | |
| Pastor E Eneli | |
| Pastor E R Inwe | |
| Registered Charity | |
| Number | 1119496 |
| Correspondence Address | 71/73 Beverly Road |
| Hull | |
| East Yorkshire | |
| HU3 1XL | |
| Pastor in Charge | Pastor Olumide I Aleshinloye |
| Bankers | NatWest Bank Plc |
| Willerby and Kirk Ella (A) Branch | |
| The Square | |
| Willerby | |
| East Yorkshire | |
| HU10 7UA | |
| Accountant | Akintayo Ojo FCCA |
| Resource Management Consultants Limited | |
| Chartered Certified Accountant | |
| 46 Hollywood Way | |
| Erith | |
| DA8 2QE |
Page 2
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
REPORT OF TRUSTEES
The Trustees present their annual report together with the financial statements of The Redeemed Christian Church of God Amazing Grace Chapel Hull (the Charity) for the year ended 31 March 2025 The trustees confirm that the annual report and financial statements of the charity have been prepared in accordance with the policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable in the UK and Republic of Ireland published on 16 July 2014
OBJECTIVES AND ACTIVITIES
The principal object is the advancement of Christian faith worldwide and relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve this objective, the church adopted the following strategies:
STRATEGIES FOR ACHIEVING THE OBJECTIVES
The charity has adopted the following strategies for achieving the above objectives:
-
Planting churches
-
Running seminars in the church with proven ministers of the faith to guide members in the various aspects of Christian faith,
-
Support for other charities and Christian events,
-
Providing overseas aid and famine relief, and involving in economic and community development,
-
Community outreach events'
-
Conferences and events,
-
Welfare support to members and general public, and
-
Various missionary activities
PUBLIC BENEFIT STATEMENT
The Board of Trustees confirm that they have met their duties in strict compliance with the provisions of section 4 and 17 of the Charities Act 2011 and have due regards to the Charity Commissions' general guidance on public benefit. Particular consideration has been given to the Charity Commission's supplementary public guidance provisions on the advancement of religion for public benefit.
PUBLIC BENEFITS
The Church's Sunday and mid-week services as well as prayer meetings are open to the general public to build on their Christian faith. Apart from its Church activities, the charity was involved in the following public benefit efforts:
-
The charity runs a free youth music, choreography and drama project for youth in the community This we believe will enable young people be more productive with their free time. This will further prevent them from getting involved in any anti-social behaviour.
-
The charity organised various dinner events to bring the community members and their leaders.
-
This provides an opportunity for social interaction between members of the community.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
REPORT OF TRUSTEES
PUBLIC BENEFITS
-
The charity organised weekly soup kitchen for the homeless, and less privilege in the financial year. This is ongoing at the time of this report.
-
The charity successfully runs the community Cohesion Soup Kitchen project with a grant from Community Fund Project.
-
With increased cost of living arising from increased energy cost and inflation, Amazing Grace Chapel continues to provide support to members of her community. The centre has been turned to a hub in Hull. Residents attend for decent meals and their daily needs.
-
During the financial year, the charity had gave out over 10,000 food parcels to the people in need, and the less privilege in the community. The church have been providing food parcels three times a week. The specific days are Tuesday, Thursdays and Saturdays.
Our efforts are geared towards supporting the programmes of our local community, promoting cohesion in our community, and impacting the lives of the young people and the elderly.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity which also operates under the name Amazing Grace Chapel Hull was constituted by a trust deed dated 9 June 2006 and was registered with the Charity Commission as a charity in England and Wales on 5 June 2007
APPOINTMENT OR ELLECTION OF TRUSTEES
Trustees are appointed or elected under the terms of the trust deed.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES
The induction process for newly appointed trustees comprises of an initial meeting with the Chair and other trustees, followed by short meetings with the Parish Pastor on the powers and responsibilities of the Trustees.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The charity is organised so that the Trustees meet regularly to manage its affairs. The Parish Pastor manages the day to day administration of the church with assistance from the ministers.
RELATED PARTY TRANSACTION
RCCG Amazing Grace Chapel Hull is a parish of The Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG is governed by an 'Agreement for Common purposes'.
RISK MANAGEMENT
The Trustees have assessed the major risks to which the charity is exposed, in particular those relating to the operations and finances of the charity, and are satisfied that systems are in place to mitigate our exposures to major risks. However consultation and review of our systems are regularly undertaken, in order to ensure they remain up to date and effective.
Page 4
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
REPORT OF TRUSTEES
GRANT MAKING POLICY
The church supports visiting ministers of the gospel both within and outside the United kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG programmes. The Church supports other charities and missionary that shares its objects on advancing Christian religion of Christian faith and relief of poverty. The church gives occasional welfare support to congregational members who are in need.
VOLUNTEERS
The church is grateful for the unstinting efforts of its volunteers who are involved in providing services for the charity. It is estimated that over 8000 hours are provided by volunteers during the year. If this is conservatively valued at £8.50 per hour, the volunteers effort will amount to over £68,000. Strategic training/development programmes were provided to the volunteers to enhance the quality of services they rendered to the Charity.
ACHIEVEMENT AND PERFORMANCE
REVIEW OF ACTIVITIES
The church continues to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of faith contained in our Trust Deed.
During the year in report, the charity received grants from other charities for her community project. Donors and amount received are shown in note 3 on page 11.
INVESTMENT POLICY
The trustees have decided that at present, funds should be retained in banks and building societies, and as far as possible in interest bearing accounts. Having considered the powers of the trustees to further invest the funds of the charity, the trustees has agreed to invest in properties and the charity currently owns 8 flats of various sizes in the community. The flats are rented and have generated provided additional income which are used for achieving the objects of the charity.
RESERVES POLICY
The trustees' policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended which equals roughly £50,000 - £100,000. They feel that this will enable current activities to continue if there is any significant drop in funding. It would obviously be necessary then to consider how the funding would be replaced or activities changed. The present free reserve is above the policy range but the trustees are continuing to seek additional funds to further boost the reserves.
PRINCIPAL FUNDING
Funding has been provided mainly through tithes and offerings by church members and through donations. Pledges are also taken for specific projects. The charity has maximised its incoming by accessing gift aid claim on donations made by eligible donors.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
REPORT OF TRUSTEES
FUTURE DEVELOPMENTS
The charity 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 life-changing impact in the community through strategic training and development programmes.
The charity under its object of prevention and relief of poverty has continued to help in alleviating accommodation problems in her community. The Charity did not acquire properties in the year. It continues to manage her portfolio of 7 flats. The flats are rented out in the community at affordable rates. The Charity continue to explore ways of providing further help for her community.
FINANCIAL REVIEW
The Charity's financial statements for the year ended 31 March 2025 show a net increase of funds of £388,343 (2024: £274,936).
TAXATION
The Redeemed Christian Church of God Amazing Grace Parish is a registered charity and all of its activities are tax exempt under rules of taxation granted to charities.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
REPORT OF TRUSTEES
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The Trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and regulations.
Charity law requires the Directors to prepare financial statements for each financial year. Under that law, the Trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Acceptable Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required 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 the financial statements, the Directors are required to:
-
Select suitable accounting policies and apply them consistently;
-
Make judgement and estimates that are reasonable and prudent;
-
Prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees recognise their responsibilities to keep proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and henceforth taking steps for the prevention and detection of fraud and other irregularities.
The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.
Approved by the trustees on 3rd December 2025 and signed on their behalf by:
Pastor O Aleshinloye Trustee
Pastor Ezim Eneli Trustee
Page 7
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
INDEPENDENT EXAMINERS REPORT
TO THE TRUSTEES OF RCCG - AMAZING GRACE CHAPEL HULL
I report on the accounts of the charity for the period ended 31 March 2025 which is set on pages 9 - 16
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER
The Charity Trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for the period under section 476 of the Companies Act 2006 and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section145 of Charities Act 2011;
-
follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
BASIS OF MY EXAMINATION
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 account, 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 no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statements below.
EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that:
-
proper accounting records are not kept in accordance with the companies Act; and
-
accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Companies Act 2006; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Akintayo Ojo 5 -12 2025
Akintayo Ojo FCCA Resource Management Consultants Ltd 46 Hollywood Way Erith. DA8 2QE
Page 8
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
STATEMENT OF FINANCIAL ACTIVITIES
Notes INCOMING RESOURCES Donations, & similar incoming resources 2 Grants for Community Projects 3 Gift aid Receivable 4 Other Grants & Income Received 5 Investment Income 6 Total incoming resources RESOURCES EXPENDED Charitable expenditure Grants payable - individual 7 Grants payable - institutional 8 Costs of activities in furtherance of charities objects 9 Support Cost 10 Management and governance costs 11 Total resources expended Net (outgoing)/incoming resources for year Total funds at the start of the year BALANCE AT END OF YEAR |
Unrestricted Funds 2025 £ 687,717 - 155,935 35,000 23,289 |
Restricted Funds 2025 £ 24,050 5,550 - - - 29,600 - - 38,140 - - 38,140 8,540 - 548,175 539,635 |
Total Total Funds Funds 2025 2024 £ £ 711,767 632,973 5,550 27,297 155,935 132,180 35,000 5,500 23,289 6,441 931,541 804,391 10,546 - 66,489 59,386 336,057 354,473 24,957 21,712 105,148 93,884 543,198 529,455 388,343 274,936 957,557 682,621 1,345,900 957,557 |
|---|---|---|---|
| 901,941 | |||
| 10,546 66,489 297,917 24,957 105,148 |
|||
| 505,058 | |||
| 396,883 409,382 |
|||
| 806,265 |
The charity's incoming resources and resources expended all relate to continuing activities.
Page 9
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
| Notes FIXED ASSETS 12 Building 12a Tangible Fixed assets 12b CURRENT ASSETS Debtors 13 Cash and bank balances 14 Total assets LIABILITIES CREDITORS (amount falling due within one year) 15 Accrued expenses Long term Liability - Mortgage 16a Total liability NET ASSETS CHARITY FUNDS General - unrestricted 1d General - restricted 1e TOTAL FUNDS |
2025 2024 £ £ 879,582 879,582 93,878 141,367 973,460 1,020,949 171,085 143,130 284,652 187,595 455,737 330,725 1,429,197 1,351,674 37,943 8,192 45,354 385,925 |
|---|---|
| 83,297 394,117 |
|
| 1,345,900 957,557 |
|
| 806,265 409,382 539,635 548,175 1,345,900 957,557 |
The accounts have been prepared in accordance with the special provision of Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities
Approved by the Trustees on 3rd December 2025 and signed on their behalf by:
Pastor O Aleshinloye Trustee
Pastor Ezim Eneli Trustee
Page 10
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS
1. ACCOUNTING POLICIES
(a) The accounts are prepared under the historical cost convention and in accordance with applicable accounting standards. They follow best practice as set out in the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2005 as modified for smaller charities.
-
(b) Income and expenditure is accounted for on an accruals basis.
-
(c) Fixed assets comprise furniture and equipment and musical equipment and have been costing more than £100. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off
the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases: Musical equipment - 25% reducing balance
Furniture and fittings - 25% reducing balance Computer equipment - 25% reducing balance Motor Vehicles - 25% reducing balance
-
(d) Unrestricted funds are incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
-
(e) Restricted funds are subject to restrictions on their expenditure imposed by their donors.
2. DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES Collection at all services Donations Donations - Music Mixer Donations - Mission Donation - Community Project 3. ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECT Garfield Weston Grant Love Your Neighbour East Riding Trust Rank Foundation J H Rausing Trust Charles Trust Humber Community Association Grant Humber All Nations Alliance Community Fund 4. GIFT AID Gift aid receivable 5. OTHER GRANTS & INCOME RECEIVED HMRS Ers NI Relief RCCG Camp Sale of Van |
Unrestricted Funds 2025 £ 657,663 1,060 - 12,159 16,836 |
Restricted Funds 2025 £ - 15,954 - 8,096 - 24,050 £ - - 300 - - - - 5,250 - 5,550 £ - £ - - - - |
Total Funds 2025 £ 657,663 17,014 - 20,255 16,836 711,767 £ - - 300 - - - - 5,250 - 5,550 £ 155,935 £ 5,000 28,000 2,000 35,000 |
Total Funds 2024 £ 554,768 1,080 250 11,596 65,280 |
|---|---|---|---|---|
| 687,717 | 632,973 | |||
| £ - - - - - - - - - |
£ - - 3,000 - - - 4,701 9,000 10,596 |
|||
| - | 27,297 | |||
| £ 155,935 |
£ 132,180 |
|||
| £ 5,000 28,000 2,000 |
£ 5,000 - 500 |
|||
| 35,000 | 5,500 |
Page 11
THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS
6. INVESTMENT INCOME Net Rental Income 17 Hall Hire Receipts |
Unrestricted Funds 2025 £ 22,809 480 |
Restricted Funds 2025 £ - - - |
Total Total Funds Funds 2025 2024 £ £ 22,809 4,951 480 1,490 23,289 6,441 |
|---|---|---|---|
| 23,289 |
Amount represents net rental income received from 3 flats owned by the charity. The income was used to advance the objects of the charity.
| 2025 7. Grants payable - individual £ Individual welfare 10,546 2025 8. Grants payable - institutional £ Charitable giving -UK 66,489 Charitable giving -overseas - Total 66,489 List of institutional grants payable £ RCCG WEM 54,622 RCCG Central Office 960 Festival of Life 195 Others 10,712 Total grant payable - institutional 66,489 9. COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJEC £ Seminar, conferences & subscriptions 4,163 Travel and subsistence 31,701 Vehicle running and repairs 3,127 Visiting minister's expenses 17,041 Community projects 18,225 Missions and evangelism 27,110 Welfare & hospitality 8,254 Telephone & internet 2,464 Printing, postage, stationery & IT consumables 2,889 Repairs, renewal and maintenance 67,591 Worship cost, music & church group 18,517 Utilities 8,193 Insurance 12,107 Grant refund - Training & development 2,430 Depreciation 74,105 297,917 |
2025 £ 10,546 |
2025 £ - 2025 £ - - - £ - - - - - £ - - - - 5,250 8,096 - - - 15,954 - - - 8,840 - - 38,140 |
2025 £ 10,546 2025 £ 66,489 - 66,489 £ 54,622 960 195 10,712 66,489 £ 4,163 31,701 3,127 17,041 23,475 35,206 8,254 2,464 2,889 83,545 18,517 8,193 12,107 8,840 2,430 74,105 336,057 |
2024 £ - |
|---|---|---|---|---|
| 2025 £ 66,489 - |
2024 £ 59,386 - |
|||
| 66,489 | 59,386 | |||
| £ 54,622 960 195 10,712 |
£ 48,054 960 165 10,207 |
|||
| 66,489 | 59,386 | |||
| £ 1,360 36,246 4,300 14,409 51,000 80,456 13,026 1,683 3,661 63,024 10,643 8,667 4,974 349 2,620 58,053 |
||||
| 297,917 | 354,473 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS
10. SUPPORT COSTS Telephone & internet Printing, postage, stationery & IT consumables Utilities Admin & office expenses Bank charges Sundry expenses 11. MANAGEMENT AND GOVERNANCE COSTS Staff cost Professional fees - Legal & Leases Professional fees - accountancy & examination Professional fees - Other Professional fees - accountancy other |
Unrestricted Funds 2025 £ 1,055 1,237 3,512 10,799 7,059 1,295 |
Restricted Total Total Funds Funds Funds 2025 2025 2024 £ £ £ - 1,055 528 - 1,237 2,313 - 3,512 3,915 - 10,799 3,745 - 7,059 7,717 - 1,295 3,493 |
|---|---|---|
| 24,957 | - 24,957 21,712 |
|
| £ 67,727 16,121 9,600 9,200 2,500 |
£ £ £ - 67,727 74,198 - 16,121 - - 9,600 7,600 - 9,200 10,086 - 2,500 2,000 |
|
| 105,148 | - 105,148 93,884 |
| 12. FIXED ASSETS 12a. BUILDING Cost at 1 April 2024 Additions in the year Cost at 31 March 2025 12b. TANGIBLE ASSETS Cost At 1 April 2024 Additions At 31 March 2025 Depreciation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 |
Motor Vehicles £ 36,785 35,500 |
Musical Computers equipment & projectors £ £ 44,507 124,030 - 28,930 44,507 152,960 36,434 71,943 6,847 37,376 43,281 109,319 1,227 43,641 12,978 158,757 |
Musical Computers equipment & projectors £ £ 44,507 124,030 - 28,930 44,507 152,960 36,434 71,943 6,847 37,376 43,281 109,319 1,227 43,641 12,978 158,757 |
Furniture & fittings £ 51,711 20,238 |
Total 31-Mar 2025 £ 879,582 - |
Total 31-Mar 2024 £ 879,582 - |
|---|---|---|---|---|---|---|
| 879,582 | 879,582 | |||||
| Total 31-Mar 2025 £ 257,033 84,668 |
Total 31-Mar 2024 £ 111,397 145,636 |
|||||
| 72,285 | 44,507 | 152,960 | 71,949 | 341,701 | 257,033 | |
| 29,353 16,307 |
36,434 6,847 |
71,943 37,376 |
35,988 13,575 |
173,718 74,105 |
57,614 58,053 |
|
| 45,660 | 43,281 | 109,319 | 49,563 | 247,823 | 115,667 | |
| 26,625 | 1,227 | 43,641 | 22,386 | 93,878 | 141,367 | |
| 7,432 | 12,978 | 158,757 | 49,784 | 228,951 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS
| 13. DEBTORS Gift Aid Receivable Other debtors 14. CASH BALANCES Unrestricted Restricted Funds Funds 2025 2025 Bank balance £ £ Building fund account - 24,521 Current account 260,131 - At 31 March 2021 260,131 24,521 15. CREDITORS Vehicle Lease payment Accrual and deferred income: Independent Examiner's fees Short term 16a. LONG TERM LIABILITY Mortgage (Triodos Bank) Amount represents outstanding balance on Mortgage on church flats. 16. STAFF COST AND NUMBERS Staff costs were as follows Wages and salaries Social security costs Pensions |
Restricted Funds 2025 £ 24,521 - |
Year ended 31-Mar 2025 £ 155,935 15,150 |
Year ended 31-Mar 2024 £ 132,180 10,950 |
|---|---|---|---|
| 171,085 | 143,130 | ||
| Total Funds 2025 £ 24,521 260,131 |
Total Funds 2024 £ 11,908 175,687 |
||
| 24,521 | 284,652 | 187,595 | |
| Year ended 31-Mar 2025 £ 27,751 9,600 592 |
Year ended 31-Mar 2024 £ - 7,600 592 |
||
| 37,943 | 8,192 | ||
| Year ended 31-Mar 2025 £ 45,354 |
Year ended 31-Mar 2024 £ 385,925 |
||
| 45,354 | 385,925 | ||
| Year ended 31-Mar 2025 £ 59,597 5,739 2,391 |
Year ended 31-Mar 2024 £ 65,578 6,239 2,381 |
||
| 67,727 | 74,198 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS
| 17. STAFF NUMBERS The average number of employee during the year was as follows Pastoral Charity administration Total |
Year ended Year ended 31-Mar 31-Mar 2025 2024 No. No. 1 1 2 2 |
|---|---|
| 3 3 |
No employee received remuneration amounting to more than £50,000 in the year.
18. INVESTMENT INCOME
| RENTAL INCOME ACCOUNT Rental Income from Church Flats Less mortgage interest Rental income after interest Expenditure Management Fee Legal fees Letting fees Repairs & maintenance Council rates Insurance Safety checks Cleaning Utilities Equipment Total expenditure Net Rental Income |
Year ended Year ended 31-Mar 31-Mar 2025 2024 £ £ 55,802 53,200 14,555 27,900 |
|---|---|
| 41,248 25,300 6,078 5,815 144 - 1,800 - 9,465 11,364 330 231 - 2,497 320 387 302 - - 55 - - |
|
| 18,439 20,349 |
|
| 22,809 4,951 |
19. RELATED PARTY TRANSACTIONS
During the year, the church paid institutional grants to other RCCG organisations such as the World Evangelism Mission as stated in note 7.
20. OTHER GRANTAND INCOME RECEIVED
During the year in report, a total grant fund of £28,000 was received from RCCG Camp. The fund is to support the Charity's property project. The funds has been put toward the repayment of the bank loan on the property in other to reduce bank interest charges. In the previous year, other grant income was NIL.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - AMAZING GRACE CHAPEL HULL
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 MARCH 2025
NOTES TO THE ACCOUNTS
21. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS: CURRENT PERIOD
| Tangible fixed assets Current assets Creditors amount falling due within one year Creditors amount falling due after more than one year Movement between funds |
Unrestricted Funds 2025 £ 93,878 431,215 37,943 - - 319,115 |
Restricted Total Funds Funds 2025 2025 £ £ 879,582 973,460 24,522 455,737 - 37,943 - 45,354 - 45,354 - 319,115 - - 539,635 1,345,900 |
|---|---|---|
| 806,265 |
ANALYSIS OF NET ASSETS BETWEEN FUNDS: PRIOR YEAR
| Tangible fixed assets Current assets Creditors amount falling due within one year Creditors amount falling due after more than one year Movement in between funds |
Unrestricted Funds 2024 £ 141,367 318,817 8,192 - - 42,610 - |
Restricted Total Funds Funds 2024 2024 £ £ 879,582 1,020,949 11,908 330,725 - 8,192 - 385,925 - 385,925 - 42,610 - 548,175 957,557 |
|---|---|---|
| 409,382 |
21a. MOVEMENT IN FUNDS
The total funds at the end of the year represent the total value of the charity net assets. This consists of total values of fixed assets and currents assets less total value of current liabilities and the long term liabilities.
The trustees have resolved to adjust the presentation of funds between general unrestricted and restricted funds as shown in the statement of financial activities.
22. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
| 22. NET INCOMING RESOURCES/(RESOURCES EXPENDED) | ||
|---|---|---|
| Year ended | Year ended | |
| This is stated after charging | 31-Mar | 31-Mar |
| 2025 | 2024 | |
| £ | £ | |
| Depreciation of tangible assets owned by the charity | 58,053 | 58,053 |
| Accountant's fees | 9,600 | 7,600 |
23. VALUE OF BUILDINGS
The Charity current holds a portfolio of 8 properties in Hull and the value held for the properties in the account are either cost of building the property or the actual purchase price as the case may be.
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