## **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.
Page 3
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.
Page 5
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.
Page 6
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||
Page 13
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.
Page 16