2024-12-31-accounts - The Redeemed Christian Church Of God Living Bread Newcastle

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Charity no: 1122744

THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE

Annual Reports and Accounts

1 Jan 2024 - 31st Dec 2024

Prepared by DTT Consultancy Ltd

THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE

Administrative Information

Financial Statement for the year ended 31 December 2024

Registered Charity Number:	1122744
Pastor in charge	Pastor Thomas Akinkunmi
Board of Trustees	Rev John Ameobi
	Pastor Babatope Aguntasholo
	Deacon Adesegun Solanke
Registered Office:	94-102 BLANDFORD STREET
	NEWCASTLE UPON TYNE
	NE1 3BT
Independent Examiner:	DTT Consultancy Ltd
	36 Daffodil Close
	Hatfield
	Herts
	AL10 9FF

THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE

TRUSTEES' REPORTS FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE(the charity) for the ended 31st December 2024. The Trustees confirm that the annual report and financial statements

of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The church is constituted under a Trust Deed dated 12th Feruary 2008

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

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

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

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

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

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

e. RELATED PARTY RELATIONSHIPS

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

f. RISK MANAGEMENT

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

Page 1

THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The objectives of the church are:

The advancement of the Christian faith worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule.
The relief of poverty.

Each year our trustees review our objectives and activities to ensure they continue to reflect our aims.

In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.

b. STRATEGIES FOR ACHIEVING OBJECTIVES

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

organisation of seminars and events to address issues of relevance to the relief of poverty and provision of care and support for the needy as appropriate;
planting of churches; and
support for other charities and events with similar objectives.
social action initiatives in the community

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The main activities of the church are as follows:

Sunday service
Sunday school for all ages of children
Weekly night Bible Studies and house fellowships at various centres

d. VOLUNTEER MANAGEMENT

The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, office work and administration.

e. INVESTMENT POLICY AND PERFORMANCE

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

f. VULNERABLE BENEFICIARIES

The church works with vulnerable groups including children and make sure users are safe and protected from harm. Volunteers, employees and trustees have the right checks and assessments before they can work with a church. Find out how charities can protect their users. Safeguards are in place to protect vulnerable people from abuse, and prevent abuse happening in the first place.

g. CONFLICT OF INTERESTS

No trustee is in a position where their duty as a trustee will be conflict with any personal interest they may have.

h. COMPLAINTS HANDLING

We are committed to ensuring that people have all necessary support required to make a complaint. Complaints are accepted verbally or in writing, and can be formal or informal.

Anyone wishing to make a complaint will be provided with a Complaints Handling Statement, which summarises how a complaint about our service can be made.

Page 2

THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENTS AND PERFORMANCE

a. REVIEW OF ACTIVITIES

To the glory of God, we have achieved the followings last years

Opened a new Teenager’s Church
Opened a new Children Church
Given our more than 300 food parcels
Helped members to secure High Cost of Living Support Grants
Refurbished the Church Building
Men’s Keep Fit Club- A by-weekly football games for men.
Free Accommodation to support struggling student
Loan to support families .

Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

a. RESERVES POLICY

Members of the church have been generous this year. The statement of the financial activities shows net asset stand at £82,054 against the last year amount of £40,386.

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding.

b. PRINCIPAL FUNDING

This is provided mainly through voluntary tithes and offerings by the church members.

PLANS FOR THE FUTURE

a. FUTURE DEVELOPMENTS

we hope to build a gym for members to promote healthy lifestyle.
We are planning to also build a daycare family to support working parents

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgments and estimates that are reasonable and prudent;
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and
explained in the financial statements;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

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.

This report was approved by the Trustees on 2nd September 2025 and signed on their behalf, by:

…………………………………………………..

Rev J.Ameobi

Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE

Independent Examiner's Report to the Trustees of FOR THE YEAR ENDED 31 DECEMBER 2024

I report on the accounts for the year ended 31st December 2024.

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 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required. The charity's gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of FCCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under Section 43 of the 1993 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and - to state whether particular matters have come to my attention.

Basis of the independent examiner's report

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 accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently 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. Independent examiner's statement

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

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 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.

Tunji Ogedengbe

DTT Consultancy Limited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

Date: 2nd September 2025

Page 5

RCCG	THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE	THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE	THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE	THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE	THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE	1122744
	Annual accounts for the period
	Period start date	1st Jan 24	To	Period end date	31st Dec 24

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income S01 Activities for generating funds S02 Gift Aid S03 Incoming resources from charitable activities S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before* *transfers* Prior Year Adjustment Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) *Net incoming/(outgoing) resources before* *other recognised gains/(losses)* Gross transfers between funds *Total resources expended* *Total incoming resources*		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		146,824	-	-	146,824	120,870
		-	-	-	-	-
		36,846	-	-	36,846	18,184
		-	-	-	-	-
		5,379	-	-	5,379	-
		189,048	-	-	189,048	139,054

			-	-	-	-
		136,910	-	-	136,910	100,665
			-	-	-	-
		-	-	-	-	-
		10,470	-	-	10,470	5,486
		-	-	-	-	-
		-	-	-	-	-
		147,379	-	-	147,379	106,151
		41,669	-	-	41,669	32,904
		-	-	-	-	-
		41,669	-	-	41,669	32,904

		-	-	-	-	-
			-	-	-	-
		41,669	-	-	41,669	32,904
		40,386	-	-	40,386	7,482
		82,054	-	-	82,054	40,386

Page 6

Section B Balance sheet as at 31 DECEMBER 2024

Restricted

Unrestricted funds income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F04	Unrestricted funds income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F04	Unrestricted funds income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F04	Unrestricted funds income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F04	Unrestricted funds income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F04
25,008	-	-	25,008	2,588
-	-	-	-	-
-	-	-	-	-
25,008	-	-	25,008	2,588

-	-	-	-	-
2,000	-	-	2,000	2,000
	-	-	-	-
55,396	-	-	55,396	36,148
57,396	-	-	57,396	38,148

350	-	-	350	350

57,046	-	-	57,046	37,798

82,054	-	-	82,054	40,386

-	-	-	-	-
-	-	-	-	-

82,054	-	-	82,054	40,386

82,054			82,054	40,386
			-	-
	-		-	-
		-	-	-

82,054	-	-	82,054	40,386

Date of approval Print Name Signature
		Rev J.Ameobi		02/09/2025

Page 7

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with*  Accounting Standards;

or Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act 1993.

[** except for the following].

Give details in this box if a different standard has been followed.

-Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick
“Financial Reporting Standards for Smaller Enterprises (FRSSE)”.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Page 8

Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	 the charity becomes entitled to the resources;
	 the trustees are virtually certain they will receive the resources; and
	 the monetary value can be measured with sufficient reliability.
Incoming resources with	Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure	the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the charity has unconditional
	entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilities	expended) where the benefit to the charity is reasonably quantifiable, measurable and
	material_._The value placed on these resources is the estimated value to the charity of the
	service or facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND	LIABILITIES
Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Governance costs	Include costs of the preparation and examination of statutory accounts, the costs of trustee
	meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs	Support costs include central functions and have been allocated to activity cost categories on a
	basis consistent with the use of resources, eg allocating property costs by floor areas, or per
	capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.

Page 9

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Tithes & Offering	146,824	120,870
Gift aid	36,846	18,184



Total	183,669	139,054

Refund from Opus Energy	5,379	-
	-	-
	-	-
	-	-
	-	-
Total	5,379	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Page 10

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Premises cost	66,795	42,750
Wages and salary	-	7,000
Travelling& Transportation	10,043	6,215
Equipment	3,391	7,423
SundryExpenses	-	223
Telephone	2,380	2,580
Office Expenses	1,702	179
Motor Expenses	3,587	302
IT	614	759
Honorarium	5,153	2,800
Conference	1,150	-
Media	346	-
Insurance	299	-
Maintainance	1,660	4,385
Utilities	23,993	12,275
Finance Charges	-	35
Hospitality	1,829	4,315
Council Tax	-	-
Professional Fees	4,495	4,750
Pastor Allowance	4,476	609
Printing, postage and stationery	1,298	668
Depreciation	3,700	3,396
Total	136,910	100,665

	-	-
	-	-
Total	-	-

	-	-
	-	-
Total	-	-

Donations & Gifts	850	2,850
Centraloffice/WEM	7,980	1,511
ChurchOutreach	540	800
Welfare	1,100
SundaySchool	-	325
Total	10,470	5,486

	-	-
	-	-
	-	-
Total	-	-

Page 11

Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

*support costs.*
Support cost type	Fundraising activity £	Charitable Activity £	Governance Activity £	Total Cost £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses Nature of the expenses

Total amount paid

This year	Last year


£	£

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	This year £	Last year £
	350	350

Page 12

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
-	-	3,450	10,142	-	13,592
-	24,621		1,500	-	26,121
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	24,621	3,450	11,642	-	39,713
-	-	863	10,142	-	11,005
-	2,462	863	375	-	3,700
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	2,462	1,726	10,517	-	14,705

-	-	2,587	-	-	2,587
-	22,159	1,725	1,125	-	25,008

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

Page 13

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
	-	-	-
-	-	-	-
2,000	2,000	-	-
-	-	-	-
2,000	2,000	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

12.1 Analysis of creditors
Loans and overdrafts Trade creditors Amounts due to subsidiary and associated undertakings Other creditors Accruals and deferred income Total	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	350	350	-	-
	-	-	-	-
	350	350	-	-

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

Page 14