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2024-02-29-accounts

REDEEMED CHRISTIAN CHURCH OF GOD (RCCG)- FRF.EDOM CENfRE (REGi¥fERED NUMBER. 1122982) FOR THE YEAR ENDED 29 FEBRUARY2Q4. Trnstees At￿￿￿1 Report 2&3 st¥ten￿tst of Acti•riiies Bal85)ce Sh¢¢t

Redeemed Christian Church of God (RCCG)- Frecdorn Centre Tnjstees An￿￿1 Repott. For the ye¥r Ended 29 February ￿. .8 Full Name Redeemed Chrthstiata Church of God (RCCGI - Freedorn Ceatyr Ptuf. Diiichukwu Okeorni Anumb Dr. UL usa EkundAFO Dr. Oluvafemi Ajoke Adio Princi al ContaLIAddre88 2nd Flr)Trr Eastwood View Rntherham S65 INH Baxdi HSBC. PLC -3) Lullege Koad Ruthcrham S65 IAP Inde deni Exatnin BabtttundL NL fvsaku Linc2ge Professional SeEFices Offi¢L 10, SI￿ Building 1201The Wicker Shcllield S3 8JD Gove RCCG Freedom thntre with regi5teted CILant)' Numixr 1122982wa5 regjstered on 28 Februarv 211)8 ond It 15 ￿verned bv a Trust Deed dated 31 December 2(X)7. iiots #nd Man rnen¢ The ()verall NlanagemLnt oEthe ChariTI" is the r5ponsibi]ity of the trusEtt5 who are elected W￿¢r thc tcrms ()f the govtrnittg doa%meoL Day to day wjcct aaiwry of the chariry is mwged attd caThied out bi. volunteepo. Ain)s and Ob" cttve8 The principal & ¢>bjtttiTres ofthe charit! grr. . The advancemtnt olthe Christian Fatth . Employing diverse w2)ry of teaching ond edu(ating members ￿1th the knowtedge of Gfxl - To tsrgAnise children 9￿d yuuth 2CtiYiues to ptomott f2mJ"ly vajucs 2nd unity in the courx of dCveluP￿ deeper spirtNal gmwth - To provide ho%pitaliry to vk¥titt¥ mtnisters and protx>ncnts of the p)spd . iK'ork in c0-o￿t￿O[l OEher christi￿ orggnisqtions and support with simi5r ChTiStt2n 2irn$ 2nd ob"JectiTes. - The EtlÈtf of pcrty

Redeemed Chostian Church ofcod (RCCG)-Freedorn Centse Tn￿teeS Annual Report (Cont&) For the year Ended 29 Febtuary 2024. of Acti￿11¢5 the Yeat In accc)rdanee ￿1th th¢ doctTine£ Set i)ut in the ststemenr of faith as cotLt¥ind in ourTn]st Deed Fe have had a ttemendous growth in the phjsicai ¥nd spiritual lift of the church tht and in the advxtkcernent of the atristian faith. out major conference5 werc h¢ld during the year. This indudc" The KiDgd)m Advancers men's hfinistties Confcrcnce. VirnioLiS Women Confercnc4 The C.hildrcn's ConterLYAC¢ (Youth Ilini5m"} and the Artfiu￿ FTttdom Centre ConftreACC these pr()gr8rnme%. the thurcb able ￿ bring nur f￿"th into the communit). conttibutingtti the advancement of LhristiRn fAith. unity among churth¢s and peace Én our tow We give glory ¢0 CJfJd as we see conllnued spiritual and ph1'5id growth in the Thurth. We scc Inctwi￿]y lo￿ id sr4bJ"h"ty WiLEkin tEJe fatndies atxd dxddren 8rowiog into Young Adults fftn the love and of the tDttL The Chu￿￿ also wwistd its commvniry batyut 2nd famil} p]2Tr dai" the pro1￿t in ad￿"￿i￿n to the confercn¢es h￿￿d in a y¢8tw&y to eYange]isc wdl as fosÉcr u￿t5. undetstxnding and famil5 coh¢sion iti our community. In #dditiory wc had our IEaA} &tol night pffiy, this hel￿d brir8 people together to spajd time with thos¢ eXper1ena￿ lonelincss within the church gnd to thwy xifu% VFith the ¢Atire comllLUQity. The Church was gjso able to assisr other ch2rtry ot89￿]Sai10o￿ gs wdl as hdped in disaster gms arou]￿ the wodd through it¥ COntrib￿￿onS rn2(k to thc RcdLrtned Cknstian Church o(Gd Cu)tral C)ffice 2nd other l(Kai Chtities. Through the Chutch welf2re dqyatuyJen4 we have len supp)rung the p(K)r, the needy aEyJ the Icss ptiiryleged within the thurdL Seeing the £rvdt success 2chieved and the w)s]tiFe the Pr￿ ftir this YeAr is h2vingin the thvich 2s well as our cDtnmuniti', li As our dLsire in thL COW )'CAt to tsrganise more ￿eS to furthc¥ aflLt 2nd llnprovc cohcsiv Lthin aur ComLnurasry. st ThL"'fru5tcLs arL responsible for prcpiring tlK. financial st2trrnents Cor the titLqt)cthl perid which sh¢ydd cleAr of the srate of affAiTh of tht charity. Ln prepating thcse fjnattciai statements the Trustees are required to selecr suitable accounung y>licies 2nd appli. thetl accor&n£ly Make jUdgell￿n[S and estim2t¢s that are reasonable And wudthit The twst¢es are restx)nsible tur kccying proper accou[Lti￿ records whith disclose TrFith r¢•sonable accuracy at arjy time the t]nancial posiuon of the Thc trustccs are rtswTh%ible for $2¥eguarditLg the gsscts olthe chariry 2nd fnr tsknngzeasothle steps for thc prevefttios) olfraud and AEregulan"tits. "the'fru$tees have dedared that they hav¢ approved tht trns￿eS retx)rt abovL Sip¢d On Behalf uf e Charit5. Trusttts 3rd December 2024 Dgte Professor DIlichuk￿ ANUMBA Chair, Trustees Narne Posiuon

Redeell￿d Chtistian Church of God OiCCG)- Freedom Centte Independent Examinees Report on the Accounts for the Year ended 29 Febrnary 2024. I rq￿ Ort the accounts of the Redeemed Chrisrian Church of God (RCCG)- Freedom Ceatte set out on yages 5- 8 Res tive res ftheT tee and the It is the reswbiknty ofth¢ trustees to tn2intsin Pro￿ Ix>ok5 artd record5 snd pw attounts. The twstees consider that 2n audit ts noi reqwrcd for thJ'5 Itst (Under StcrM)n 144 (4 of thc cl￿rItieS) Act 2011 C5hc J)1 l Act and that independent examingtion is nee(kd. It is m}. resp()nsibi]itv tn.. examinc the accounrs under Sectinn 145 (If the 2011 Arr to follow the procedutC5 laid down in thi5 Gtherai Dir£ctions giveu bv the (hity Conutiissioner (under Scction 145(51(b) of the 2011 A to stte whether p¥rticuiar mY4trets haFe corne to m} attcniion. fthL. Ind endeni Examin hls. tI%N￿natiOTh c3rried i)ur in ccord3nce the direction ¥rveD by the Chariry COEnmission. Ati examin2tiDn include5 the ￿eW of thc accouELtiog record5 kept by the chan.ry ¥nd 3 coTnFarison of the accounts presented with those Tecords. Ii aist) indu(ks considLfaUOn uf attv unu5llAI itcms or disdowTC5 in the Accounts and sttkittg explanation fmm the rruqtees coftctrrLing such mattets. The Proced￿¢5 undettakcn do noi provide all the evidence that ityodd b2 reqo5Ted Jn any au(bt Ind con%cqu¢ntly I dn not express sn audit opini()n on the viewgiven b} the accowit dent Examiers Sta In cUnnL￿11tsn with ¢kitYkinatiun, no rnxtter h25 to my 2trention . ￿hich gjves ffle ￿50￿able (xuse to helieve that LD 2ni' material resw the requiremthES". to keep appropriate accounttrg Trcords in attOTdancL' wirh stction 130 Of the 2011 ACE: llnd to ptcpare accounts which accord the 2ccounttngrecord5 2nd to complj, with tht ￿cOUntr￿g requirements of the 2011 Act have not bLtn tttet- or 2. to which, in ms. opinion. arrention shouH be draTm ifL order to toxbk a prtsw undetsr2nding of the accounLS to be reathed. Si¥ncd.. Babatunde Mos¥ku Fot ESeh21f of.. I.5￿￿e Profession￿ Servitt Hui]ding 120, ThL. IWickeT .SheEfie]d. $3 8JD Date

Redeemed Chti8tian Church of God (RCCG)-Freedom C£ntre Statement of Fingn¢i81 Artivitie$ For the yeat Ended 29 February 2024. 2024 Note8 Incoming Resourc DoDatyons, Lepe5 and SÈmilat InCorni￿ Ruources Bank Interest 237￿47 186,811 234 Gift Aid Total Incoming Resources 39.755 278,525 32.298 219,343 Resnurre$ Exp¢ns¢s Honorariurn & Gift Exp•Trses Hatel & AccomTndAtiUll Telephone & liiiernet Connectious TraNd & Tr4nspmtion F.xpetkses OJnf¢r¢nce & El'tnt b4)enses F.qwpfflcnt & Worship iMtcrial PubbcitS- Prjnting & Stationery Kefreshm¢nts & Hospitrkiry ChArit3ble DtsnatiL)ns 2,450 3,350 12,IX)O 202 7.011 686 1411 513 3370 6,024 5,-300 1,440 4,960 ?.458 25.460 209 IEKlepen(knt F.wninuon InsurAtsce 3.630 17519 27.470 Repairs & ty12inteFrance WLM RLttIrnS L£2dership'frdirLing & Devdopmeot JO Salaries FThqRC. T2x & National Insurance Contribution Licen LL'gal & Professional Ftts Payroll Cost Depreciition (Irher c￿ense$ Welfare 3L456 8353 MJ40 9,861 833 250 33J47 .604 14057 4J95 19,708 Utilitie5 aeaning Bank Chargcs Pension - Nest 2,592 1.041 168 1.8T7 I i£sinn FOL Pastoral Scheme Total Resourres Expetuled 19lO( 166.988 Net Incomxng / Resources 86519 SU55 Total Fund5 Btought Forward 231J43 178,988 Total Fund5 Cattied Fotward 317,862 231,343

Redeemed Cbti8tian Church of God IRCCG)- Fteedonj Cco Bgiance Sheet A8 At 29 February 2024. 2023 Notc8 Fixed Assets BuElding Tt£hnica] ￿lliP1ne￿ts Motor Vdiictc 67,764 J1447 83,461 163,673 72,9TI 12,513 96.557 I 82.047 Cutrent Assets Lash at Bank & ln Hand 154,189 189 rA),631 CEediiors Amouni Falling due WAthin One year N¢t Cutreni Ass¢ts/Ui2kn"lities) 154.189 1,6.31 Total Assets Less Curreni liabiltties 317,862 242,678 CredE￿￿.. Amounts Falling due thermote than one year Total Net A88eis 11,33) 231,343 317.862 Represtnicd by Accumulated I'wid Unrcstrictcd Incomc 317,862 231 J4) Restricred Jncome 317.862 2.31,34.1 ThL Trusttts declare th*t thej. have appn)ved the xcounts kne Signcd On Bchalf of thc Charit). Trustees 3rd December 2024 Signed Professor Dilichukwu ANUMBA Chair, Trustees Name PusiEion

Redeemed Chzistiao Church of God (RCCG)- Freedom Centre Notes To The Account ForThe Year Ended 29 Febnwy 2024. l Aecoun Po]iCAes These accoLmiS have prepared under the hÈsrori(xt C05t conNefttioo and in accordaoce with "Accourttittg and RcporDns by Charitics, State[n￿l of RctOmtt￿ PrActicc (SORP Revised2￿5) and applicablt accouniing stAndards. b) esour All matctial incvmin¥ resources hai'e bttn illduded on a rcttivablts basis i.L tbev #re itKludtd if tht d&te rec¢iiTrble talls within the period co>e¥ed these b}- accounts. These have been classified using a n2tUTXt clLsification nations attd th Similar I TIthL Offeting Thanks￿WIng Special ()ff¢rJ Other Income 86.07.3 96216 6.380 2,165 90.567 11272 til BuiidiE4 Tncume LTnp2id Cheques 237￿47 3 Unrestricted Funds Thcse are xrants 2nd dollatii)n teceived or receivable for the ob5ec( of the chaiittpwithout restriction as to the puTrosc of th¢ir application as arc avii]ablc 25 ￿ncr￿1 fund 4 Creditor5 Am unt Fajlin du ithin On Thi% reprc.sents-. Indwndent Ex2tnintion Oth¢r5 This represents Lmortgage on Builth"ng Ixikln A5 At 31 March '22 IA)£n Interest J2n R¢paym¢nt tkss Adjusted Tftterest tA)an £is At 28 Feb'23

Redeemed ChtAs1ian Church of God (RCCG)- Freedom Centse Notes To TheAccount (ConL) For The Yew Ended 29 February 3J24. b This represents Fittsnce on Bus (Benz) Balanct As At M2e23 11,33) IlJ35 Finance Pawent BahTLce,4s At Feb'24 MoitgaBe Finance on Bus Balance Tots] tongLUrn Liabilities 6 Trustee8 Remutteratio Benefi￿ & E Trustees received no iemuneratiotL benefits or expenses in this perioj h at Bank & in Hand Bank Acci)unt 19.037 B.MVL l Ac(iuAt 4,Oi6 131.096 ts4,189 Biulding Account 8 Depreciatio DepttCiatiL7n has bLLn caJcu141tL.d tt) d(Trm thc cost or Tr-aluatiotL k55 C51imatcd residuA] value oEall tangible r￿ed asseis over their e-Kpetted useful lives on 2 Str24ht line basi Thc oppjicablc rAtcs arc. Budding Technic2] r.quiprnent Motor Vehicle 4•/0 25°/ty I￿/. Fixed Asseis • BvildinE Tota] Cost or Va]uation As at l Marcb 2023. 130J20 4).181 14.973 130.957 3(￿,458 14.973 Additivns Disptss9J at 29 FebrllAry I12A. 130J 60.154 .9i7 321,431 tkpreciatioft As at I hlatch ￿23. 57)43 5213 31668 15.038 34.4 13.096 124,411 Charge Ftst this period Dispo)sai A5 at 29 February 2J)24. 6U56 47.706 47.496 157.758 N'et Book V91ue As at 29 Februarv 2024. 67,764 7£977 11447 11513 83,461 557 163,673 182,047 As at 29 F¢bruary 3W. *Buildin PurchRSC Price 11S,(KK) li,320 OJ20 Incidental Cost