REDEEMED CHRISTIAN CHURCH OF GOD[RCCG] CENTER OF JOY PARISH Charity REG.No: 1122987
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 30TH APRIL 2025
MOSES-BOLE&CO
Chartered Certified Forensic Accountants Certified Public Accountants / Fellow Tax Advisers
REDEEMED CHRISTIAN CHURCH OF GOD[RCCG] CENTER OF JOY PARISH
==> picture [368 x 249] intentionally omitted <==
----- Start of picture text -----
||||||||||
|---|---|---|---|---|---|---|---|---|
|CONTENT|Page|
|Trustees|and|Advisers|1|
|Trustees’|Report|2|&3|
|Independent|Examiner's|Report to the|Trustees|4|-|
|Statement|of|Financial|Activities|5|
|Balance|sheet|6|
|Notes|forming|part|of the|Financial|Statement|7|to|16|
----- End of picture text -----
REDEEMED CHRISTIAN CHURCH OF GOD[RCCG] CENTER OF JOY PARISH
LEGAL AND ADMINISTRATIVE INFORMATION
Genaral overseer: E.A.Adeboye
| Trustees: | Olufunsho AbolanleAdepoju Adejare Moradeyo Adesanya |
|---|---|
| Olakunle May Oluwadare | |
| RegisteredOffice: | 6,CopperfieldRoad |
| Thamesmead London | |
| SE28 8QB | |
| Minister In Charge: | PastorOlatopeAdekahunsi |
| Treasurer: | Ovie Khator |
| Charity No | 1122987 |
| Bankers | Barclays Bank Plc |
| 93 Lewisham High Street | |
| London | |
| Accountants | MOSES-BOLE&CO Chartered Certified Forensic Accountants |
| Certified Public Accountants / FellowTaxAdvisers | |
| and Business Chartered Management Consultants | |
| 39 Saints Brelades Court | |
| Balmes Road | |
| LondonN15TW |
1
THE REDEEMED CHRISTIAN CHURCH OF GOD - CENTRE OF JOY TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30'™ APRIL 2025
The Trustees have pleasure in submitting their report and accounts for the year ended 30th April 2025. The financial statements have been prepared in accordance with the accounting policies set out on pages 7 to 8 and comply with the statement of Recommended Practice (SORP2015), and the applicable law.
Structure, Governance and Management
Constitution The Charity is constituted under a Trust Deed dated 31 December 2007 with Charity number 1 122987 on the central register ofthe Charity Commission of England and Wales. The principal objectives ofthe Charity is the advancement of the Christian faith worldwide and relief of poverty
Method of Appointment or Election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trustee Deed
Organisational Structure and Decision Making
The church is organised so that the trustees meet regularly to manage its affairs. There is no full time minister nor full administrator, who manage day today administration of the church; both are Parttime.
Related Party Relationship
RCCG Center of Joy is a member of Redeemed Christian Church of God (RCCG) which has parishes all over the world. The relationship is governed by an 'Agreement for common purposes between the parishes and RCCG mission.
Development activities and achievements in the year
The church is beginning to see its membership attendance numbers back to the pre Covid days as we continue to experience increased new members joining the church on a monthly basis. However, the church still carries on its Hybrid system of catering for both online and in-church congregations. Services currently been broadcasted across key platforms - via Youtube, Facebook, and Zoom application. This totally transformed the way church activities were carried out. Developing and growing its members and workforce remains a key priority with training The church continues to focus on members spiritual growth as a key priority for the church and continue to invest in various training and developmental programmes to equip members, workers, and ministers of the church to deliver the church mission and vision for the community and the nation at large. More investment poured into preparing our youths to be better prepared for current and future challenges.
Community Outreach programme Activities during the course of the year includes -
Christmas Lunch with Jesus — every year as a charity we show Christ's love to the community, especially with the less privileged where food hampers is shared ensuring that many more people that cannot afford a good Christmas meal have one. Christmas carol @ St James care home Dartford and the Pub — this activity is one of the ways we put smiles on the faces of many in the community as part of sharing the love and joy of the Christmas season.
Carol service / Community church award — 2024 Carol service and award ceremony to reward and celebrate the hard work of our teachers in the life of our children. The award evening recorded a great turnout with most of the invited school teachers of our children in church turning up with their family for the events and they all have a great time.
Risk Policy
The trustees continue to assess the various risk facing the church, especially in the area of church financial sustenance and continue to review and put measures in place to mitigate any exposure
Future Development
Work continues with other parishes in the RCCG Church to plant more churches with the aim of fulfilling the goal of RCCG Global Mission worldwide.
Review of Financial Position
Our cash flow saw good improvement partly due to increased numbers of new members and increasing commitment of our members in their giving and contribution towards church work. Also, the cost saving exercise implemented through the year helped lower the Y-O-Y direct cost. As the Cost-of-Living Crisis continues to affect many in the community we are brazed to help as many members through the crisis situation. We anticipate COLC crisis and high energy cost could potentially affect the church's cash flow and at the moment putting measures in place to mitigate any effect on the church operations. The Trustees will once again like to acknowledge the extra contributions made by many members especially during challenging times of the year. Many members contributed towards special projects and procurement of key materials and equipment for the church as requested.
We continue to pray that Jehovah will continue to meet them at their point of need. They will not experience shame or sorrow in Jesus mighty name. Amen. Related Party Relationships RCCG- Center of Joy Parish is a member of Redeemed Christian Church of God [RCCG] which Has parishes all over the world. The relationship is governed by an agreement for common purposes parishes all over the world. The relationship is governed by an 'Agreement for common purpose between the parishes and RCCG.
Development activities and achievements in the year The Trustees are pleased to report that the Church continued to be successful spiritually by ministering to many people. The Church has improved in membership strength and is increasingly reaching out to the community, Celebrating our anniversaries, trained members in various church department admin istrations and ministries, programmes,Support for lessEvangelism previlage people throughtout the year and during christmas Annual and monthly youth Risk Policy The Trustees have assessed the major risks to which the Charity is exposed, particularly those relating to the operations and finance and are satisfied with the risk management systems in place to mitigate any risk exposure.
Future Developments
effectiveThe Churchmanner. will continue to explore various ways of spreading the Gospel of Christ in an The charity is also looking to grow in membership and continue to develop its members to make life-changing seminarsimpact in society,for the community, plant more parishes, purchase our own property, home for the needy, start nursery School, 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 significant drop in funding. Principal Funding giftThisaidis providschem e d mainly through voluntary tithes and offerings by the church members and through Pledges are also taken for specific projects. Statement of Trustees’ Responsibilities The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to 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 irreguirities
The members of the Board of Trustees who served during the year were
Olufunsho Aboianle Adepoju Adejare Moradeyo Adesanya Olakunle May Oluwadare
Approval
==> picture [445 x 131] intentionally omitted <==
----- Start of picture text -----
This report was approved by the Board of Trustees on the:
Date iT OAT B96.
Signed on its behalf by: Name.souk OS JOVe
Secretary f ZOE SS sc Jre
Signature........... enen Oe A SETS G peek naineanieee PRET ea mean nies ¢kvndsunaiensnanppagienumamemes
é, [/] ” [Zz][ soe]
----- End of picture text -----
BOLE®°° ZS
e 2
| & Business Chartered Management Consultants
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD — CENTRE OF JOY
| report on the accounts of the charity for the year ended 30th April 2025, which are set out below and notes to the financial statements on pages 7 to 16
Respective Responsibilities of Trustees and Examiners
As the Charity’s Trustees, you are responsible for the preparation of the accounts, you consider that an audit is not required for this year (under section 144(2) of the Charity Act 2011(the 2011 Act) and that an independent examination is needed. It is my responsibility to
Examine the account (under section 145 of the Act);
- e follow the procedures laid down in the General Directions given by the Charity; e Commission (under section 145(5) (b) of the 2011 Act and e State whether particular matters have come to my attention.
Basis of Independent Examiner’s report My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes 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 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 Statements
In connection with the examination, no matter has come to my attention:-
-
1) Which give me reasonable cause to believe that in any material respect the requirements e To keep accounting records in accordance with section 130 of the 2011 Act; e To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 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
Moses O E Igunnubole, BA (HONS), PGD, DPA-ACCA, FAIA, FCPA, FFA, CPFA, FIPA, CAT, FIC... MOSES-BOLE&CO aol | Chartered Certified Forensic Accountants et Certified Public | Accountants/Fellow Tax Advisers g a) Oe And Business Chartered Management Consultants <o M: +44 758 407 5572DATE: | $—/ T: +44 020 O2—2026 7923 4660 /E: mosesbole@aol.com / W: moses-bole.com / A: 39 St Brelades court, Balmes road, London, United Kingdom, N14 STW
4
REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-CENTER OF JOY PARISH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH APRIL 2025
| Restricted | Prior | ||||||
|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | income | Endowmen | Total | year | ||
| Funds | Funds | Funds | Funds | Funds | |||
| £ | £ | £ | £ | £ | |||
| Recommended categories by | activity | ||||||
| Incoming resources | |||||||
| Income and endowments from: | |||||||
| Donations and legacies | 3 | 132,522.21 | - | - | 132,522.21 | 134,783 | |
| Total | 132,522.21 | - | - | 132,522.21 | 134,783 | ||
| Resources expended | |||||||
| Expenditure on: | |||||||
| Direct Cost | 4 | 49,194.09 | - | - | 49,194.09 | 54,201 | |
| Support Cost | 4 | 80,768.85 | - | - | 80,768.85 | 84,794 | |
| Governance Cost | 5 | 2,270.00 | - | - | 2,270.00 | 2,270 | |
| Total | 132,232.94 | - | - | 132,232.94 | 141,266 | ||
| Net movement in funds | 289.27 | - | - | 289.27 | - | 6,482 | |
| Reconciliation of funds: | |||||||
| Unrestricted Fund Brought Forward | 22,873.00 | - | - | 22,873.00 | 29,355 | ||
| NetMovement offunds for the year | 289.27 | - | - | 289.27 | - | 6,482 | |
| Totalfundscarriedforward | 23,162.27 | - | - | 23,162.27 | 22,873 |
5
REDEEMED CHRISTIAN CHURCH OF GODIRCCG]-CENTER OF JOY- PARISH
==> picture [441 x 298] intentionally omitted <==
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Notes|Restricted|Total|
|Unrestricted|income|Endowmen|Total|Last|
|Funds|Funds|Funds|Funds|Year|
|Fixed|[assets]|£|£|£|£|£|
|Tangible assets|&|7,914.09|~|
|CurrentTotal|fixedassets assets|1G.7,974.09|-|--|7,914.097,914.0909|2,5882,5882,588|
|Cash at bank and in hand|‘4|17,518.18|-|-|17,518.18|19,350|
|Creditors:Total current assets|nnn17,518.18|-|-|47,818.18EEG|19,3619,350.|
|Net|amounts falling due within one|8|2,270.00|-|-|2,270.00|-|935|
|Totalcurrent assets/(liabilities)|enna16,248.18|”|-|18,248.18ATG|20,20,285_|
|Fundsnet ofthe assets Charity or (liabilities)|23,162.27|3162.27|22,873|
|Unrestricted|funds|23,162.27|-|
|-|23,162.27|22,873|
|Signed|by|one|ortwo|As3 eeSonehes|lf|of all the frustees:|Date of approval:|a|ae|ee|
|Signature:|ae!|P|
|:|||ae|
|Print Narne:|b|as|jAV|/A|
----- End of picture text -----
6
REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 30TH APRIL 2025
Note 1 Basis of preparation
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Inland (FRS102) issued on 16 July 2014 and with the Charities Act 2011 and the Charity constitutes a public benefit as defined by FRS102.
1.2 Going concern
Considering the stead level of incoming resources and membership number the Charity is a going concern with no any known unforeseen circumstance
1.3 Change of accounting policy
The accounts present a true and fair view and the accounting policies adopted are those outlined in the note with no change in policy
1.4 Changes to accounting estimates
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
1.5 Material prior year errors
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
7
REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30TH APRIL 2025
Note 2 Accounting policies
2.1 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked No or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.
Recognition of income
These are included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources;
-
it is more likely than not that the trustees will receive the resources; and - the monetary value can be measured with sufficient reliability.
Offsetting
There is no legacy received during this period.
Grants and donations
Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP). In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies
There is no legacy received during this period.
Government grants
No government grants has been receieved
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Contractual income and performance related grants
This is not applicable
Donated goods
This is not applicable
Donated services and facilities
Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.
Support costs
The charity has incurred expenditure on support costs.
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Income from interest, royalties and dividends
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
8
Income from membership subscriptions
Tithes and offering received from the members are in the nature of a gift are recognised as Donations. and Legacies
Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP) and are included as an item of other income in the SoFA.
Investment gains and losses This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
2.2 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Governance and support costs
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. 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.
Grants with performance conditions
The Charity is not awarding grant to any organisation
Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.
Redundancy cost
The charity made no redundancy payments during the reporting period.
Deferred income No material item of deferred income has been included in the accounts.
Creditors The charity has creditors which are measured at settlement amounts less any trade discounts
Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date
Basic financial instruments The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS 402 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS 102 SORP.
2.3 ASSETS
Tangible fixed assets for use by charity
These are capitalised if they can be used for more than one year, and cost at least They are valued at cost. The depreciation rates and methods used are disclosed in note 14.
9
Intangible fixed assets
The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 15 They are valued at cost.
Heritage assets
The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 16. They are valued at cost.
Investments
Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments
Stocks and work in progress
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Current asset investments
The charity has has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due. They are valued at fair value except where they qualify as basic financial instruments.
POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE
There is no any other policies adopted.
10
REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30TH APRIL 2025 Note 3 Analysis of income
| Analysis of income | |||||
|---|---|---|---|---|---|
| Restricted | Prior | ||||
| Analysis | Unrestricted Funds |
income Funds |
Endowme! Funds |
Total Funds |
year Funds |
| Donationsand legacies: | £ | £ | £ | £ | £ |
| Tithes & Offerings Building GiftAid Interest Received |
108,180.74 - 24,150.92 190.55 |
- - - - |
- - - - |
108,180.74 - 24,150.92 190.55 |
112,180 35 22,446 122 |
| Total | 132,522.21 | - | - | 132,522.21 | 134,783 |
| TOTAL INCOME | 132,522.21 - - 132,522.21 134,783 ee |
Other information:
All income in the prior year was unrestricted.
1
REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30TH APRIL 2025
Note 4 Analysis of expenditure
| Analysis of expenditure | |||||
|---|---|---|---|---|---|
| Restricted | Prior | ||||
| Analysis ofexpenditure | Unrestricted | income | Endowme!i | Total | year |
| Funds | Funds | Funds | Funds | Funds | |
| DIRECT COST | £ | £ | £ | £ | £ |
| Gift Aid Administration | 2,656.60 | - | - | 2,656.60 | 2,469 |
| Honourarium | 200.00 | - | - | 200.00 | 2,400 |
| Stipends &Allowance andWages | 16,003.79 | - | - | 16,003.79 | 13,737 |
| Choir, Key board and Music Expenses | 19,600.00 | - | - | 19,600.00 | 15,474 |
| Evangelism, Books, CDs and Tapes | - | - | - | - | 150 |
| Training, Confrence, Congress&Seminars | 997.08 | - | - | 997.08 | 4,422 |
| PAYE/NIC | 5,228.62 | - | - | 5,228.62 | 4,396 |
| Other Donations[Gift], Welfare & Hospitality | 1,508.00 | - | - | 1,508.00 | 3,833 |
| World Evangelism Mission | 1,800.00 | - | - | 1,800.00 | 1,950 |
| RCCG/African mission/other parish | 1,200.00 | - | - | 1,200.00 | 2,370 |
| RCCG Camp Ground Expenses | - | - | 3,000 | ||
| 49,194.09 | - | - | 49,194.09 | 54,201 | |
| SUPPORT COST | |||||
| Telephone | 1,450.99 | - | - | 1,450.99 | 1,562 |
| Rent (Including Insurance) | 60,773.56 | - | - | 60,773.56 | 62,435 |
| Travel Expenses | 923.02 | - | - | 923.02 | 625 |
| Bank Charges | 255.67 | - | - | 255.67 | 300 |
| Refreshment and Entertainment | 821.33 | - | - | 821.33 | 1,549 |
| Depreciation | 7,183.92 | - | - | 7,183.92 | 5,933 |
| Electricity, Gas, Fuel and Heating | 4,900.95 | - | - | 4,900.95 | 6,854 |
| Smart Pension | 1,727.93 | - | - | 1,727.93 | 1,425 |
| Consultancyfees | 585.00 | - | - | 585.00 | - |
| Subscriptions Repairs and maintenance |
- 392.75 |
- - |
- - |
- 392.75 |
180 1,233 |
| Printing, Postage and Stationary | 712.53 | - | - | 712.53 | 2,115 |
| Cleaning | 1,041.20 80,768.85 |
- - |
- - |
1,041.20 80,768.85 |
583 84,794 |
| TOTALEXPENDITURE | 129,962.94 | - | - | 129,963 | 138,996 |
12
| REDEEMED CHRISTIANCHURCHOFGOD CENTEROFJOYPARISH NOTES TOTHEACCOUNTS(CONTINUED) FORTHEYEAR ENDED 30THAPRIL2025 |
|
|---|---|
| Note 5 Details ofcertain items ofexpenditure |
|
| 5 Fees for examination ofthe accounts Pleaseprovide details oftheamountpaidforanystatutory external scrutiny ofaccountsandother services providedbyyourindependentexaminer. Ifnothingwaspaidpleaseenter'0' inthe appropriate |
other the appropriate |
| box(es). GOVERNANCECOST ThisYear £ |
LastYear £ |
| Independentexaminer'sfees 460.00 |
460 |
| Book-keeping&Accountancy 920.00 |
920 |
| Assurance services otherthan auditorindependentexamination 890.00 |
890 |
| 2,270.00 | 2,270 |
13
==> picture [385 x 379] intentionally omitted <==
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|REDEEMED|CHRISTIAN|CHURCH|OF|GOD|CENTER|OF JOY|PARISH|NOTES|
|TO|THE ACCOUNTS|(CONTINUED)|FOR THE YEAR ENDED|30TH|APRIL|2025|
|Note|6|Tangible|fixed|assets|Fixtures|
|Building|Equipment &|Motor|Total|
|Fittings|Vehicle|
|£|£|£|£|
|At|the|beginning|of the|year|-|59,328.89|-|59,328.89|
|Additions|-|12,510.26|-|12,510.26|
|Revaluations|-|-|-|-|
|Disposals|-|-|-|-|
|Transfers||(Add|or|Deduct)|-|-|-|-|
|At end|of the|year|-|71,839.15|-|71,839.15|
|6.2|Depreciation|and|impairments|
|“Basis|Buildings|5.45%|Straight|Line|
|Fixtures|&|Fittings|10%|Straight|Line|
|Equipment|10%|Straight|Line|
|Motor Vehicle|25%|Straight|Line|
||Rate|Computer|25%|Straight|Line|
|At|beginning|of the|year|-|56,741.14|-|56,741.14|
|Disposals|-|-|-|-|
|Depreciation|-|7,183.92|-|7,183.92|
|Impairment|-|-|-|-|
|Transfers|(Add|or|Deduct)|-|-|:|-|
|At end|of the|year|-|63,925.06|-|63,925.06|
|6.3|Net|book|value|
|Net book|value|at|the|beginning|of the|Yr.|-|2,587.75|-|2,587.75|
|Net|book value|at|the|end|of the|year|-|7,914.09|-|7,914.09|
----- End of picture text -----
6.4 Impairment
Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.
6.5 Revaluation
If an accounting policy of revaluation is adopted, please provide:
the effective date of the revaluation = N/A
the name of independent valuer, if applicable = N/A
the methods applied and significant assumptions = N/A
the carrying amount that would have been recognised had the assets been carried under the cost model.
6.6 Other disclosures
(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. = N/A
(ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. = N/A
(iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities. = N/A
14
REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30TH APRIL 2025 Note 7 Cash at bank and in hand
| Note 7 Cash at bank and in |
hand | |
|---|---|---|
| This Year | LastYear | |
| £ | £ | |
| Shortterm deposits Cash atbank andon hand |
8,406.19 9,111.99 |
16,316 3,035 |
| - | ||
| Other Total |
- 17,518.18 |
19,350 |
15
REDEEMED CHRISTIAN CHURCH OF GOD CENTER OF JOY PARISH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 30TH APRIL 2025
Note 8 Creditors and accruals
Please complete this note if the charity has any creditors or accruals.
==> picture [463 x 106] intentionally omitted <==
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Amounts|falling|
|8.1|Analysis|of creditors|Amounts|falling|due|due|after more|
|within|one|year|than|one|year|
|This|Year|Last Year|This|Year|Last Year|
|£|£|£|£|
|Accrued|Professional|Fees|2,270.00|1,815.00|-|-|
|Other|balances|-|=|2,750.00|
|Total|2,270.00|-|935.00|-|-|
----- End of picture text -----
8.2 Deferred income
Please complete this note if the charity has deferred income.
==> picture [413 x 98] intentionally omitted <==
----- Start of picture text -----
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Please|explain|the|reasons why|income|is|deferred.|
|Movement|in|deferred|income|account|This Year|Last Year|
|£|£|
|Balance|at|the|start|of|the|reporting|period|-|-|
|Amounts|added|in|current|period|-|-|
|Amounts|released|to|income|from|previous|periods|-|-|
|Balance|at|the|end|of the|reporting|period|-|-|
----- End of picture text -----
THERE IS NO DEFERRED INCOME DURING THIS PERIOD
16