THE REDEEMED CHRISTIAN CHURCH OF GOD INSPIRATION HOUSE DARTFORD
Charity reg. no 1120699
TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024 CONTENTS
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CONTENTS PAGE
Reference and administrative details of the charity Zi
Trustee's report 3-7
Independent Examiner's 8.
Statement of Financial Activities 9.
Balance sheet 10.
Notes to the financial statements 11-16
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024 REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
Trustees Mr O B Olorunsola-Elias Mrs O A Fapetu Mr O Senbore Pastor F Olaleye Registered Charity Number 1120699
Correspondence Address 81 St Vincents Road Dartford Kent ; DA1 1XA Pastor in Charge Pastor Opeoluwa Oluborode Accountant Akintayo Ojo, FCCA , Resource Management Consultants Limited Chartered Certified Accountant 46 Hollywood Way Erith DA8 2QE Bankers HSBC Plc , 23 Denmark Hill Camberwell Green - SE5 8RP Lloyds Bank 121 High Street Tonbridge Kent TNO 1DB
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
REPORT OF TRUSTEES
The Trustees present their annual report together with the financial statements of The Redeemed Christian Church of God Inspiration House Dartford (the Charity) for the year ended 31 December 2024 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:
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Planting churches
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Running seminars in the church with proven ministers of the faith to guide members in the various aspects of Christian faith,
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Support for other charities and Christian events,
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Providing overseas aid and famine relief, and involving in economic and community development,
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Community outreach events'
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Conferences and events,
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Welfare support to members and general public, and
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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 several other public benefit efforts.
- The charity conducted seminars on religious and social issues for the benefits of members of the community.
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.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
REPORT OF TRUSTEES
STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity which also operates under the name Inspiration house Dartford was constituted by a trust deed dated 31 December 2006 and was registered with the Charity Commission as 4 charity
in England and Wales with charity number 1120699.
APPOINTMENT OR ELLECTION OF TRUSTEES
Trustees are appointed or elected under the terms of the trust deed.
. |
aes 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 0 RCCG Inspiration House Dartford 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 aay 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.
GRANT MAKING POLICY LIC9 9203" 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 Missionaries that shares its objectson advancement of Christian faith. In line with its object of the advancement of Christian faith and relief of poverty, the church gives occasional welfare support to congregational members who are in need.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
REPORT OF TRUSTEES
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 6000 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 £51,000. 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 continued 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.
ACTIVITIES DURING THE YEAR
Marathon Praise - The church held a praise and worship event for the’ benefits of members of the community. This was tagged Marathon Praise.
Youth Conference - A conference was held for the youths to create awareness and address issues relating to mental health issues. The church held a breakfast meeting to discuss social media usage and safeguarding issues. This was open to the general public.
INVESTMENT POLICY
aM
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, thé trustees invested in'a church building comprising a flat. The flat currently generate rental income for the charity. 2h
RESERVES POLICY 1] The trustees' policy is to have unrestricted and ‘uncommitted funds (free reserves) to cover 3 to 6 months of resources expended which equals roughly £15,000 - £30,000. 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 income by accessing gift aid claim on donations made by eligible donors.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
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 currently owns 2 flats. One is used as office and meeting space, while the other is rented out to generate income for the charity.
FINANCIAL REVIEW
The Charity's financial statements for the year ended 31 December 2024 show a net ;increase of funds funds of £42,817 and net increase of funds for year ended 31 December 2023: £2,499.
TAXATION
The Redeemed Christian Church of God Inspiration House Dartford 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 - INSPIRATION HOUSE DARTFORD TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024 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:
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Select suitable accounting policies and apply them consistently;
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Make judgement and estimates that are reasonable and prudent;
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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 26th September, 2025 and signed on their behalf by:
Mrs. O A Fapetu
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Trustee
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Mr O B Olorunsola-Elias
Trustee
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024 INDEPENDENT EXAMINERS REPORT
TO THE TRUSTEES OF RCCG - INSPIRATION HOUSE DARTFORD.
I report on the accounts of the charity for the period ended 31 December 2024 which is set on pages 9 - 17
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 understanding6)of atheeeaccounts to be reached. Akintayo Ojo FCCA ZO 0 — 2025 Resource Management Consultants Ltd 46 Hollywood Way, Erith. DA8 2QE
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 2024 | 2024 | 2024 | 2023 | ||
| Notes | £ | £ | £ | £ | |
| INCOMING RESOURCES | |||||
| Donations, legacies & similar incoming r | 2 | 105,566 | - | 105,566 | 64,190 |
| Activities in furtherance of charity's obje | 3 | 4 | - | 4 | 18 |
| Investment income | 6 | 10,103 | - | 10,103 | 2,850 |
| Total incoming resources | 115,673 | - | 115,673 | 67,058 | |
| RESOURCES EXPENDED | |||||
| Charitable expenditure | |||||
| Grants payable - individual | 7 | 224 | - | 224 | - |
| Grants payable - institutional | 8 | 13,205 | 13,205 | 17,383 | |
| Costs of activities in furtherance of | |||||
| charities objects | 9 | 53,292 | - | 53,292 | 45,675 |
| Managementand governance costs Total resources expended |
10 | 6,135 72,856 |
55 | 6,135 72,856 |
4,550 64,608 |
| Net (outgoing)/incoming resources foryear | 42,817 | - | 42,817 | 2,449 | |
| Total funds at the start ofthe year | 42,832 | 265,045 | 307,877 | 305,428 | |
| Transfer between funds in the year | - | - | = | = | |
| BALANCEATENDOFYEAR | 85,649 | 265,045 | 350,694 | 307,877 |
The charity's incoming resources and resources expended all relate to continuing activities.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
BALANCE SHEET AS AT 31 DECEMBER 2024
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|||||||||
|---|---|---|---|---|---|---|---|
|Notes|2024|2023|
|£|£|
|FIXED|ASSETS|11|
|Building|iia|353,924|353,924|
|Tangible|Fixed|assets|1ib||2,227|
|eeiesichutgcinioans|nddammbbinntnt imei|
|CURRENT|ASSETS|a353,924|__356,151|
|Debtors|12|“|7|
|Cash|and|bank|balances|13|68,483|——-33,450_|
|__ 68,483|[33,450_]|
|yeeeee|
|Total|assets|422,407|389,601|
|LIABILITIES|
|CREDITORS|
|(amount|falling|due|within|one year)|14|1,600|1,550|
|Accrued|expenses|-|
|Long|term|Liability|-|bank loan|15|70,113|80,174|
|Total|liability|71,713|81,724|
|NET ASSETS|350,694|307,877|
|CHARITY|FUNDS|
|General|_-|unrestricted|1d|85,649|42,832|
|General|-|restricted|le|265,045|265,045|
|TOTAL FUNDS|350,694|307,877|
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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 26th September, 2025 and signed on their behalf by:
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() «
aS an
Mrs. O A Fapetu
Trustee
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THE REDEEMED CHRISTIAN CHURCH OF GOD ~ INSPIRATION HOUSE DARTFORD TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
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.
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|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|(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|
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(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.
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|Total|Total|
|2.|Funds|Funds|Funds|Funds|
|DONATIONS,|LEGACIES AND SIMILAR INCOMING RESOURCES|2024|2024|2024|2023|
|Tithe|£|£|£|£|
|Collection_at|41,411|-|41,411|49,585|
|Sundry|all services|12,365|-|12,365|12,456|
|donations|-|-|-|150|
|Gift aid|recovered|51,789|-|51,789|2,000|
|105,566|=|105,566|64,190|
|3.|ACTIVITIES|IN|FURTHERANCE|OF CHARITY'S|OBJECT|£|£|£|£|
|Building|offering|-|-|-|-|
|Study|Manual|4|-|4|18|
|Mission|Event|a|-|>|=|
|HMRC|Rebate|=|z|e|=|
|4|=|4|18|
|6.|INVESTMENT INCOME|£|£|£|£|
|Rental|income|9,883|=|9,883|2,700|
|Interest|received|220|-|220|150|
|10,103|-_-:10,103.|2,850|
|SO,|
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Amount represents net rental income received from 1 flat owned by the charity. The income was used to advance the objects of the charity.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD
TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
| Unrestricted | Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||||
| — | 2024 | aan | — | ||||||
| 7. | Grants payable - individual | 5 | £ | E | f | ||||
| Individual welfare | 224 | - | 224 | - | |||||
| aeeeee | |||||||||
| Unrestricted | Restricted | Total | Total | ||||||
| Funds | Funds | Funds | Funds | ||||||
| 8. | Grants payable - institutional | P= | . | ham | P2028 | ||||
| Charitable giving -UK Charitable giving -overseas |
13,205 ‘ |
. 2 |
13,205 P |
17,383 - |
|||||
| waa | 13,205 | : | 13,205. | 17,383 | |||||
| List of institutional grants payable | £ | é | £ | £ | |||||
| RCCGWEM | World evangelism | 12,345 | - | 12,345 | 14,343 | ||||
| RCCG Central Office | Central Office Support | 860 | - | 860 | 600 | ||||
| Festival of Life | Advancement of faith | - | - | - | 2 | ||||
| RCCG Camp ground | Advancement offaith | “ | . | ; | 2,000 | ||||
| Others | Advancement of,faith | ‘ana = |
- | - | 440 | ||||
| Total grant payable.- institutional | 13,205 | = | 13,205 | 17,383 | |||||
| 9. | COSTOF ACTIVITIES IN FURTHERANCE OF CHARITY'S | OBJECTS | |||||||
| Visiting speakers expenses | cot | - | - | 695 | |||||
| Council rates | 1,658 | - | 1,658 | 1,743 | |||||
| Youth mission => |
a | Te | 385 | - | 385 | 36 | |||
| Printing &media Worship costs Music, liturgy&church group Mission & evangelism |
: 197 5,760 240 |
« - : - |
- 197, 5,760. 240. |
330 ~, 407 6,022 1,809 |
|||||
| Community projects&welfare Conferences&subscriptions |
611 1,040 |
- - |
611 1,040 |
673 770 |
|||||
| Telephone&internet | 1,410 | - | 1,410 | 418 | |||||
| Repairs, renewal&maintenance Pastorsallowance |
23,483 = |
- | v | 943483 - |
14,190 600 |
||||
| Cleaning ) Utilities |
- | > 4,789 |
. - |
- 4,789 |
348 ’(5,651 |
||||
| Mortgage Interest&finance Depreciation — Admin & sundry expenses |
charges a |
~~ | 5,566 2,227 1,963 |
- - - |
- | 5,566 2,227 1,963 |
° | 5,930 2,792 408 |
|
| Welfare& hospitality ITconsumables&Zoom licence |
1,488 459 53,292 |
. z - |
1,488 459 53,292 |
500 379 45,675 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||
| 2024 | 2024 | 2024 | 2023 | ||||
| 10. MANAGEMENTAND GOVERNANCE COSTS | £ | £ | £ | £ | |||
| Professional fees - other | 4,535 | - | 4,535 | 2 | |||
| Legal fees | : | Ss | : | ||||
| Professional fees - accountancy & examination | 1,600 | : | 1,600 | 1,550 | |||
| 6,135 | - | 6,135 | —__1,550_ | ||||
| 11. FIXED ASSETS |
|||||||
| 11a. BUILDING | Total | Total | |||||
| 31-Dec | 31-Dec | ||||||
| 2024 | 2023 | ||||||
| £ | £ | ||||||
| Cost at 1 January 2024 | 353,924 | 353,924 | |||||
| Additions in the year | - | - | |||||
| Cost at 31 December 2024 | ‘ | 353,924 | 353,924 | ||||
| 11b. TANGIBLE ASSETS | |||||||
| Motor | Musical “Computers | Furniture & | Total | Total | |||
| Vehicles | equipment & projectors | fittings | © | 31-Dec | 31-Dec | ||
| 2024 | 2023 | ||||||
| Cost | £ | £ | £ | £ | £ | £ | |
| At 1 January 2024 | 8,441 | 11,167 | 2,717 | 1,323 | 23,648 | 23,648 | |
| Additions | - | . | - | - | “ | - | |
| At 31 December 2024 | 8,441 | 11,167 | 2,717 | 1,323 | 23,648 | 23,648 | |
| Depreciation | |||||||
| At 1 January 2024 | 8,441 | 8,940 | 2,717 | 1,323 | 21,421 | 18,629 | |
| Charge forthe year | = | 2,227 | - | - | 2,227 | 2,792 | |
| Disposal in the Year | = | = | i | - | - | - | |
| At 31 December2024 | 8,441 | 11,167 | 2,717 | 1,323 | 23,648 | 21,421 | |
| Disposal in the Year | |||||||
| At 31 December 2024 | < | = | = | - | BAO | e | |
| S—_ =>=SSS |
SSOO | ||||||
| Net book value | |||||||
| At 31 December 2024 | S = = - SS>~y»~7n~mmmmEama>>EE |
E | >ELEE———————— | ||||
| At 31 December 2023 | - ————SSSS— |
2,227 - - 2,227 ———SSS=S_—W*-===L>>E= |
h]=a==ES=—O————-”————————_} | ||||
| 12. DEBTORS | Yearended’ | . Yearended | |||||
| ; | 31-Dec’ | 31-Dec | |||||
| 2024 | 2023 | ||||||
| £ | £ |
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
| 13. CASH BALANCES | Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||
| 20024 | 2024 | 2024 | 2023 | ||
| Bank balance | £ | £ | £ | £ | |
| Building fund account | 9,740 | - | 9,740 | 8A466 | |
| Currentaccount Savings account |
4,576 - 4,576 54,167 . 54,167 68,483 - 68,483 A |
10,787 14,196 ~~:33,450 |
|||
| Yearended | Yearended | ||||
| 14. CREDITORS | 31-Dec | 31-Dec | |||
| 2024 | 2023 | ||||
| £ | £ | ||||
| Accrual and deferred income: | Independent Examiner'sfees | 1,600 | 1,550 | ||
| Short term _ |
) | aame 1,600 |
ame 1,550 |
||
| a, | |||||
| Yearended | Yearended | ||||
| 15. LONGTERM LIABILITY | 31-Dec | 31-Dec | |||
| 2024 | 2023 | ||||
| ( | £ | £ | |||
| Mortgage (Lloyds Bank) Amountrepresents outstanding balance |
70,113 80,174 —70,113_80,174 on Mortgageon church building and church flats. |
||||
| 16. STAFFCOSTAND NUMBERS Staffcostswere as follows |
Yearended 31-Dec 2024 |
Yearended 31-Dec 2023 |
|||
| £ | £ | ||||
| Pastor's allowance | tS | 600 | |||
| .= | |||||
| Social security costs | z600 | ||||
| Yearended | Yearended | ||||
| Theaveragenumberofemployeeduring theyearwasasfollows | 31-Dec 2024 |
31-Dec 2023 |
|||
| No. | No. | ||||
| Pastoral | 1 | 1 | |||
| Charity administration | « | . | |||
| Total | 1 | 1 |
No employee received remuneration amounting to more than £50,000 in the year.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
17, 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.
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS: CURRENT PERIOD
| Unrestricted | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | ||||
| 2024 | 2024 | 2024 | ||||
| £ | £ | £ | ||||
| Tangible fixed assets | - | 353,924 | 353,924 | |||
| Current assets | 68,483 | - | 68,483 | |||
| Creditors amount falling due within one year | - | '1,600 | - | 1,600 | ||
| Creditorsamount falling due aftermore than one year | - | - | 70,113 | - | 70,113 | |
| 66,883 283,811 SOSOCS |
350,694 OCS |
|||||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS: PRIOR YEAR | ||||||
| Unrestricted | Restricted | Total | ||||
| Funds | Funds | Funds | ||||
| 2023 | 2023 | 2023 | ||||
| ; | £ | £ | £ | |||
| Tangible-fixed assets. | 2,227 | 353,924 | 356,151 | |||
| Current assets | 33,450 | is | ‘33,450 | |||
| Creditors amount falling due within one year | - | 1,550 | - | ‘ | 1,550 | |
| Creditors amount falling due aftermore than one year | : | -. | 180,174 | => | 80,174 | |
| 34,127 | 273,750 | > | 307,877 |
19. 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.
20. NET INCOMING RESOURCES/(RESOURCES EXPENDED)
| 20. NET INCOMINGINCOMING RESOURCES/(RESOURCES EXPENDED) | |||
|---|---|---|---|
| Year ended | Year ended | ||
| This is stated after charging | 31-Dec | 31-Dec | |
| 2024 | 2023 | ||
| £ | £ | ||
| Depreciation oftangible assets owned by the charity | 2,227 | 2,792 | |
| Accountant's fees | —— | 1,600 | 1,550 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD - INSPIRATION HOUSE DARTFORD TRUSTEES AND FINANCIAL REPORT FOR YEAR ENDED 31 DECEMBER 2024
NOTES TO THE ACCOUNTS
21. VALUE OF BUILDING
The cost of the building in note 11a is a reasonable amount of value invested In purchasing the property. The building consist of a Large church hall, dedicated offices and 1 flat. During the year, in report, the trustees have carried out repairs on the building thereby improving its value.
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