**REGISTERED CHARITY NUMBER: 1126130** ## **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Trustees' Report and** **Unaudited Financial Statements for the Year Ended 31 March 2024** Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Contents of the Financial Statements for the Year Ended 31 March 2024** ||**Page**| |---|---| |**Trustees' Report**|1 to 3| |**Independent Examiner's Report**|4| |**Statement of Financial Activities**|5| |**Balance Sheet**|6| |**Notes to the Financial Statements**|7 to 11| |**Detailed Statement of Financial Activities**|12 to 13| Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 ## **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Trustees' Report for the Year Ended 31 March 2024** The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **Objectives and activities** ## **Objectives and aims** The objectives of the charity are: - To seek the advancement of the Christian Religion in accordance with the teachings of the Redeemed Christian Church of God in compliance with the Holy Bible, educating people in the Word of God, and to teach the knowledge of Jesus Christ around Thurrock Borough and its environs. - To help in the relief of poverty all over the world, starting with our immediate members, their families, members of the local, national, and international communities as occasions demand, financially and in kind. ## **Significant activities** The main activities of the church are as follows: ## Timeless Woman Ministry Ladies Prayer Retreat which is interdenominational gathering where all women from various works of life gather in a suitable environment to God in prayers for their lives, families, churches, communities, and the nation at large. It is targeted towards total woman well-being which involves spiritual and mental awareness. ## Bible Study We hold our church regular meetings such as bible study and prayer meetings within the church premises as well as via zoom. ## Evangelism Evangelism was carried out in different styles as occasions demanded during the year, reaching out to those within the community with the love of Christ. Some have responded to these kind gestures in an affirmative way. ## Counselling This was made available free of charge mainly by the Pastor in Charger. Appointments to see the Pastor were made either directly with him or through the church office. The meetings usually took place in the Church during the week or on Sundays. We have various activities for the youths, men and women during the year which included seminars and workshops as well as counselling. The aim is geared towards empowerment as well as socialising which help their mental well-being. ## **Public benefit** The trustees confirm that they have complied with the Charity Commission's guidance on public benefit. 1 Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 ## **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Trustees' Report for the Year Ended 31 March 2024** ## **Objectives and activities** ## **Volunteers** The charity has many volunteers that assist the church in achieving its objectives. ## **Financial review** ## **Financial position** In the year to 31 March 2024, the charity reported total income of £191,666; (2023: £202,362) and net deficit of (£8,598); (2023: £22,329), accumulated funds were £423,947; (2023: £432,545). ## **Reserves policy** The charity continues to work towards achieving a level of unrestricted funds reserves equal to three months of expenditure. ## **Structure, governance and management** ## **Governing document** The charity is controlled by its governing document, a declaration of trust dated 16 May 2007, and constitutes an unincorporated charity. RCCG Fruitfulland is a registered charity in England and Wales. ## **Recruitment and appointment of new trustees** Trustees are selected based on the contribution that they will make to the governance of the organisation and the skills that they will contribute. They are provided with copies of the Charity Commission's Guidance to Trustees and are also provided with training as and when required. ## **Organisational structure** Decisions are determined by a simple majority vote by the Trustees who set the strategic direction of the Charity. Delegated authority is given to the Pastoral Board and Management Team for the day to day running of the operations of the Charity. ## **Wider network** Fruitfulland is a parish of the Redeemed Christian Church of God - a network comprised of churches all over the world. There is an agreement for Common Purposes entered into by Fruitfulland with the Redeemed Christian Church of God which documents this relationship. ## **Related parties** Under the Common Purposes Agreement, RCCG Fruitfulland has agreed to make an annual contribution to RCCG (UK). ## **Reference and administrative details Registered Charity number** 1126130 ## **Principal address** R C C G Fruitful Land The Anchor Civic Square Tilbury RM18 8AD 2 Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 ## **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Trustees' Report for the Year Ended 31 March 2024** ## **Trustees** Tunde Ogedengbe Oluwole Ogunleye Caroline Edjerebe Morakinyo Akinseli Okiroro Scott Odeje ## **Independent Examiner** Tolu Obisesan (MAAT) ANS Accounts Ltd 82A James Carter Road Mildenhall Suffolk Essex IP28 7DE Approved by order of the board of trustees on 29 January 2025 and signed on its behalf by: Okiroro Scott Odeje - Trustee 3 Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 **Independent Examiner's Report to the Trustees of REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Independent examiner's report to the trustees of REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** I report to the charity trustees on my examination of the accounts of REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND (the Trust) for the year ended 31 March 2024. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Tolu Obisesan (MAAT) The Association of Accounting Technicians ANS Accounts Ltd 82A James Carter Road Mildenhall Suffolk IP28 7DE 29 January 2025 4 Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 ## **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Statement of Financial Activities for the Year Ended 31 March 2024** **----- Start of picture text -----**
2024 2023
Unrestricted Restricted Total Total
fund fund funds funds
Notes £ £ £ £
Income and endowments from
Donations and legacies 198,808 (7,310) 191,498 202,243
Investment income 2 168 - 168 119
Total 198,976 (7,310) 191,666 202,362
Expenditure on
Charitable activities
Activities in furtherance of the charity's
objectives 195,977 4,287 200,264 180,033
NET INCOME/(EXPENDITURE) 2,999 (11,597) (8,598) 22,329
Reconciliation of funds
Total funds brought forward 75,442 357,103 432,545 410,216
Total funds carried forward 78,441 345,506 423,947 432,545
**----- End of picture text -----**
The notes form part of these financial statements 5 Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 ## **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Balance Sheet 31 March 2024** |Notes
**Fixed assets**
Tangible assets
6
**Current assets**
Debtors
7
Cash at bank|Unrestricted
Restricted
fund
fund
£
£
672,222
353,506
5,800
-
35,906
(8,000)|2024
2023
Total
Total
funds
funds
£
£
1,025,728
1,036,842
5,800
5,800
27,906
32,714| |---|---|---| |**Creditors**
Amounts falling due within one year
8|41,706
(8,000)
(5,454)
-|33,706
38,514
(5,454)
(2,454)| |**Net current assets**|36,252
(8,000)|28,252
36,060| |**Total assets less current liabilities**
**Creditors**
Amounts falling due after more than one
year
9|708,474
345,506
(630,033)
-|1,053,980
1,072,902
(630,033)
(640,357)| |**NET ASSETS**|78,441
345,506|423,947
432,545| |**Funds**
10
Unrestricted funds
Restricted funds||78,441
75,442
345,506
357,103| |**Total funds**||423,947
432,545| The financial statements were approved by the Board of Trustees and authorised for issue on 29 January 2025 and were signed on its behalf by: Okiroro Scott Odeje - Trustee The notes form part of these financial statements 6 Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Notes to the Financial Statements for the Year Ended 31 March 2024** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Charitable activities** Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - 1% on cost Plant and machinery - 20% on cost Fixtures and fittings - 20% on cost Motor vehicles - 20% on cost ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 7 Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 ## **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **1. ACCOUNTING POLICIES - continued** ## **Fund accounting** Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **Pension costs and other post-retirement benefits** The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **2. INVESTMENT INCOME** **----- Start of picture text -----**
|||||| |---|---|---|---|---| |2024|2023| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |£|£|£|£| |Bank interest|168|-|168|119| **----- End of picture text -----**
## **3. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. ## **4. STAFF COSTS** **----- Start of picture text -----**
|||| |---|---|---| |2024|2023| |£|£| |Wages and salaries|12,570|9,440| |Other pension costs|5,235|4,506| |17,805|13,946| **----- End of picture text -----**
The average monthly number of employees during the year was as follows: **----- Start of picture text -----**
|||| |---|---|---| |2024|2023| |Employee|1|1| **----- End of picture text -----**
No employees received emoluments in excess of £60,000. 8 Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 ## **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** **----- Start of picture text -----**
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund fund funds
£ £ £
Income and endowments from
Donations and legacies 201,023 1,220 202,243
Investment income 119 - 119
Total 201,142 1,220 202,362
Expenditure on
Charitable activities
Activities in furtherance of the
charity's objectives 176,115 3,918 180,033
NET INCOME/(EXPENDITURE) 25,027 (2,698) 22,329
Reconciliation of funds
Total funds brought forward 50,415 359,801 410,216
Total funds carried forward 75,442 357,103 432,545
6. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 April 2023 and
31 March 2024 1,041,872 39,627 64,666 19,398 1,165,563
Depreciation
At 1 April 2023 7,814 39,627 61,882 19,398 128,721
Charge for year 10,418 - 696 - 11,114
At 31 March 2024 18,232 39,627 62,578 19,398 139,835
Net book value
At 31 March 2024 1,023,640 - 2,088 - 1,025,728
At 31 March 2023 1,034,058 - 2,784 - 1,036,842
**----- End of picture text -----**
9 Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 ## **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** **----- Start of picture text -----**
7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other debtors 5,800 5,800
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other creditors 5,454 2,454
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Other creditors 630,033 640,357
10. MOVEMENT IN FUNDS
Net
movement At
At 1/4/23 in funds 31/3/24
£ £ £
Unrestricted funds
General fund 75,442 2,999 78,441
Restricted funds
Restricted 357,103 (11,597) 345,506
TOTAL FUNDS 432,545 (8,598) 423,947
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 198,976 (195,977) 2,999
Restricted funds
Restricted (7,310) (4,287) (11,597)
TOTAL FUNDS 191,666 (200,264) (8,598)
**----- End of picture text -----**
10 Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99 ## **REDEEMED CHRISTIAN CHURCH OF GOD - FRUITFUL LAND** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2024** ## **10. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |Net
movement
At 1/4/22
in funds
£
£
**Unrestricted funds**
General fund
50,415
25,027
**Restricted funds**
Restricted
359,801
(2,698)
**TOTAL FUNDS**
410,216
22,329
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
201,142
(176,115)
**Restricted funds**
Restricted
1,220
(3,918)
**TOTAL FUNDS**
202,362
(180,033)|At
31/3/23
£
75,442
357,103
432,545
Movement
in funds
£
25,027
(2,698)
22,329| |---|---| ## **11. RELATED PARTY DISCLOSURES** RCCG Fruitful Land is part of a wider community of churches under The Redeemed Christian Church of God and during the year to 31 March 2024, donations made to the UK central office were £5,950 (2023: £7,800). Trustees made donations to RCCG Fruitful Land in the year to 31 March 24:£9,842 (2023: £12,498). 11 Document ID: c3111f46-6c1c-46b2-949c-c63f7ffd2e99