REDEEMED CHRISTIAN CHURCH OF GOD
CHAPEL OF HIS GLORY BRADFORD
TRUSTEE’S ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 30TH JUNE 2024
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REDEEMED CHRISTIAN CHURCH OF GOD
CHAPEL OF HIS GLORY BRADFORD
| CHAPEL OF HIS GLORY | BRADFORD |
|---|---|
| Page | |
| Corporate Information | 3 |
| Board of Trustee’s Report | 4 |
| Independent Examiner’s Report | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Accounting Policies | 10 |
| Notes | 11 |
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Corporate Information
Charity Registered Number: 1120162
Board of Trustees
Pastor Isaac Olumide Aleshinloye
Mr Abiodun Fajilade Pastor (Mrs) A. O. Shofoluwe Mr Bankole--Olawoye Edwards Mr Chris Okunkpolor
Registered Office
42 Buttershaw Drive Bradford West Yorkshire London BD6 3RZ
Worship Address:
50 Nelson Street BD5 0DD
Bankers:
BARCLAYS Bank PLC Business Banking, Leicester LE87 2BB
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Board of Trustee’s Report
1.0 Introduction
The Board of Trustees present their report and accounts for the year ended 30th June 2024.
1.1 Public Benefit Statement
The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".
1.2 Structure, Governance and Management
1.2.1 Governing Document
The charity is constituted as a “Trust” and Governed by ‘Trust Deed’ dated 16th February 2006.
1.2.2 Trustee Appointments
Trustees are appointed under the terms of the trust deed.
1.2.3 Organisational Structure
The Redeemed Christian Church of God (RCCG) Chapel of His Glory Bradford is a charity registered in 2007. It is governed by a Memorandum of Articles of Association and is controlled by a board of trustees whose members are appointed as set out in the Memorandum of Association and Constitution of the charity. Membership of the Board of Trustees consists of 5 individuals appointed by the charity who are of high spiritual and moral standing.
1.2.2 Risk Management
The trustee board performs its duty of safeguarding the charity against major risk. The board regularly reviews the charity’s governance structures, policies, procedures and practices. It recommends strategic and operational options and implements adequate prudent controls and preventative action to safeguard the assets of the charity, as well as its reputation.
2.0 Objectives and Global Outreach
2.1 Objectives and Activities
The Trust’s objectives are:
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To advance the Christian Faith.
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To relieve people who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby.
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To advance education in accordance with Christian principles.
-
To promote and fulfil such other charitable purposes beneficial to the community.
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Board of Trustee’s Report
2.2 Grant Making Policies
Under the “Agreement for Common Purpose”, RCCG Chapel of His Glory has agreed to make regular contributions to the World Evangelism Mission (WEM) through RCCG Central Office UK. We support Africa Missions, an aid relief Agency to underprivileged people and communities, mainly in Africa. We also actively and strongly support missionary organisations, such as Festival of Life, Good Women Fellowship, Annual Conventions held at the RCCG National Headquarters.
2.3 Contributions Made by Volunteers
The charity enjoys the services of various volunteers, who contribute enormously in various areas of service provision, development and implementation of the church’s vision. The volunteers are encouraged to attend various training and development programmes organised by the charity and other organisations.
2.4 Achievement and Performance
The Church organised several charity programmes for the development of the community that includes fathers and Mother’s Day, children’s day, multicultural day, annual church conference, youth development programme, empowerment programs for development of members of the community, employability skills, understanding changes in legislation on looking after children and vulnerable adults. The charity has set up a Food Bank where food are distributed weekly to some vulnerable member of Bradford community.
The church under the reviewed year organised youth development program and running boys and girls brigade programme children in the community. The church also contributed to alleviate the impact of the current pandemic on some members of the community by organising health awareness activities, provisions of food stuff to some affected community members, sensitization programme etc.
3.0 Financial Reviews
During the period, the charity received £299,301 in voluntary income and £66,861 in other income making total income received of £366,162. Total resources expended was £150,091 thus resulting in a surplus of £216,072. Cash at the end of the period was £466,330.
3.1 Principal Funding Sources
The Charity’s main source of fund this year has been through voluntary donations from members.
4.0 Future Development
The Charity plans to continue with its various activities relevant to its local community. In the coming year, RCCG Chapel of His Glory Bradford plans to organise more developmental seminar/conference and workshops for its members and local community.
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Board of Trustee’s Report
Trustees’ Responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law 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 net income or expenditure of the charity for the year. In preparing these financial statements the trustees are required to:
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Select suitable accounting policies and then apply them consistently;
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Make judgments and estimates that are reasonable and prudent;
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State whether applicable accounting standards have been followed, subject to any material
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departures disclosed and explained in the financial statements; and
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Prepare the financial statements on the going-concern basis unless it is inappropriate to
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presume that the charity will continue in business.
The trustees are responsible for keeping 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 Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable 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.
This report was approved by the Board of Trustees on 16 March 2025 and signed on their behalf by:
Full Name: Pastor Isaac Olumide Aleshinloye
Signature: ………………………………………………. Position: Chairman Date: 16 March 2025
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Independent Examiner’s Report
Report to the trustees/members of: The Redeemed Christian Church of God, Chapel of His Glory
Bradford On accounts for the year ended: 30th June 2024 set out on pages 7 - 13 Charity No: 1120162
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with 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 accounts, and seeking explanations from the 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 statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) which give me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act;
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 16 March 2025 (sO
Name: Tobi Labeodan, for and on behalf of Chedders Ltd
Relevant professional qualification(s) or body (if any): ACCA
Address: Ground Floor, Synium House, r/o 94-96 High Street, Henley in Arden B95 5FY
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Statement of Financial Activities: Year Ended 30th June 2024
| Notes Income: Donations and legacies 1 Other income (Grants) 1 Total Income Total Income Expenditures on: Charitable Activities 2 Other Charitable Activities 2 Other Costs 2 Total Expenditures Net income/(expenditure) Transfers between funds Other recognised gains/(losses): Gains/(losses) on revaluation of fixed assets Gains/(losses) on investment assets Net movement in funds Reconciliation of funds: Total funds brought forward at 1 July 2023 Total funds carried forward at 30 June 2024 |
2024 2024 2024 Unrestricted Funds Restricted Funds Total Funds £ £ £ 299,301 - 299,301 66,861 - 66,861 366,162 - 366,162 366,162 - 366,162 109,596 - 109,596 31,712 - 31,712 8,782 - 8,782 150,091 - 150,091 216,072 - 216,072 - - 216,072 - 216,072 287,791 287,791 503,863 - 503,863 |
2023 2023 2023 |
|---|---|---|
| Unrestricted Funds Restricted Funds Total Funds |
||
| £ £ £ |
||
| 187,044 - 187,044 |
||
| 20,120 - 20,120 |
||
| 207,163 - 207,163 |
||
| 207,163 - 207,163 |
||
| 89,571 - 89,571 |
||
| 11,856 - 11,856 |
||
| 8,576 - 8,576 |
||
| 110,003 - 110,003 |
||
| 97,160 - 97,160 |
||
| - | ||
| - | ||
| 97,160 - 97,160 |
||
| 190,630 190,630 |
||
| 287,791 - 287,791 |
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Statement of Financial Position: Year Ended 30th June 2024
| Notes Fixed Asset Tangible assets 3 Total Fixed Asset Current Assets Loans & Advances Accrued Income Cash at bank and in hand Other Debtors Total Current Assets Creditors: amounts falling due within one year Other Creditors Other Current Liabilities Total Creditors: amounts falling due within one year Net current assets (liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year Other Non-Current Liabilities Total Creditors: amounts falling due after more than one year Total net assets (liabilities) The funds of the charity: Restricted Reserve General reserves Surplus/(Deficit) for the year Total charity funds |
2024 £ 18,717 18,717 700 45,000 466,330 - 512,030 - 26,885 26,885 485,145 503,862 - - 503,862 287,791 216,072 503,863 |
2023 |
|---|---|---|
| £ | ||
| 21,998 | ||
| 21,998 | ||
| 700 | ||
| 39,485 | ||
| 247,715 | ||
| - | ||
| 287,900 | ||
| - | ||
| 22,107 | ||
| 22,107 | ||
| 265,794 | ||
| 287,791 | ||
| - | ||
| - | ||
| 287,791 | ||
| 190,630 | ||
| 97,160 | ||
| 287,791 |
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Accounting Policies
Scope and Basis of the Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities published in March 2005.
Income
Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.
Expenses
Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Fixed assets
Fixed assets with an individual purchase of £500 or more are capitalised and stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
| Fixtures and fittings | 25% |
|---|---|
| Equipment | 25% |
| Vehicles | 25% |
| Building | 2% |
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Notes to the Financial Statements: Year Ended 30th June 2024
| 1 Income Income Donations and legacies Restricted Income Total donations & legacies Other income Gift Aid Receipts Other income Total other income Total Income 2 Expenditures Charitable Activities Premises Utilities Travel Motoring & Transportation Insurance Administration Advertising Operations Finance Charges Depreciation Honorarium Total Charitable Activities Other Charitable Activities Outreach Central Office Welfare & Benevolence Charitable Donations Total Other Charitable Activities Other Costs Professional fees and services Other costs Legal fees Accountancy fees Total Other Costs |
2024 £ 299,301 - 299,301 65,823 1,038 66,861 |
2023 £ 187,044 - 187,044 20,035 85 20,120 207,163 2023 £ 25,023 1,694 1,109 3,339 903 27,110 543 13,369 128 11,054 5,300 89,571 4,055 3,487 3,302 |
|---|---|---|
| 366,162 2024 £ 30,390 2,217 5,088 9,020 2,421 28,360 2,636 15,211 43 10,171 4,040 109,596 15,326 10,077 3,466 2,843 31,712 7.826 - - 956 8,782 |
||
| 1,012 | ||
| 11,856 7,559 - - 1,017 8,576 |
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Notes to the Financial Statements: Year Ended 30th June 2024
3 Tangible Assets
| Cost At 1 July 2023 Additions Disposals Revaluations At 30 June 2024 Depreciation At 1 July 2023 Charge for the year Adjustments At 30 June 2024 Net Book Value At 1 July 2023 At 30 June 2024 |
Property £ - - - - |
Motor Vehicles £ 13,500 - - - 13,500 6,302 2,875 - 9,177 7,198 4,323 |
Fixtures & Fittings £ 11,675 - - - 11,675 8,354 1,102 - 9,456 3,321 2,219 |
Equipment £ 44,090 6,890 - - 50,980 32,611 6,193 - 38,804 11,479 12,176 |
Total £ 69,265 6,890 - - |
|---|---|---|---|---|---|
| 76,155 | |||||
| 47,267 10,170 - |
|||||
| 57,437 | |||||
| 21,998 | |||||
| 18,718 |
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Notes to the Financial Statements: Year Ended 30th June 2024
4. Related Party Transactions
- During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 2 under Central Office and Charitable Giving.
5. Trustee Remuneration & Expenses
- During the year, there were not payments or reimbursement of expenses to trustee members.
6. Staff cost and numbers
No employee received remuneration amounting to more than £60,000 in the year
Number of staff
| Wages and salaries Social security costs Pastoral Admin |
2024 | 2023 | ||
|---|---|---|---|---|
| £ 23,265 - |
£ 21,749 - |
|||
| 23,265 | 21,749 | |||
| 1 - |
1 - |
|||
| 1 | 1 |
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