THE REDEEMED CHRISTIAN CHURCH OF GOD City of Praise Charity Registration No 1127435
the year ended 30th June, 2024
The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June, 2024
Contents
Reference and administrative details for the year ended 30th June, 2024 ....................................... 2 Trustees’ Report for The Year Ended 30th June, 2024 ....................................................................... 3 Trustees’ Report Cont’d. ..................................................................................................................... 4 Independent Examiner’s Report for Year Ended 30th June, 2024 ..................................................... 5 Statement of Financial Activities ........................................................................................................ 6 Balance Sheet as at 30[th] June, 2024 .................................................................................................... 7 Notes to the accounts ......................................................................................................................... 8 Notes to the Accounts cont’d. ............................................................................................................ 9 Notes to the Accounts cont’d. .......................................................................................................... 10 Notes to the accounts cont’d ........................................................................................................... 11
RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2024 | 1
The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June, 2024
Reference and administrative details for the year ended 30th June, 2024
GENERAL OVERSEER
Pastor E.A Adeboye
Trustees Pastor Rufus Aizeboje Pastor Oladipo Lawal Pastor Adebayo Olabisi Charity Registration Number 1127435 Principal Office HALLELUJAH HOUSE 335, Manchester Road East Little Hulton, Manchester M38 9AR.
(Correspondences to: 20 Wallbrook Crescent, Little Hulton, Manchester, M38 9EE).
Pastor in charge Pastor Olatunde Olagunju Independent Examiner Akintayo Ojo FCCA 46 Hollywood Way Erith, DA8 2QE Bankers NATWEST Bank BARCLAYS Bank 121 Market Street Farnworth 1 Market Street, Bolton BL4 8EY. BL1 1BU.
RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2024 | 2
The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June, 2024
Trustees’ Report for The Year Ended 30th June, 2024
The Trustees submit their annual report and the Financial Statements of the Redeemed Christian Church of God (RCCG) CITY OF PRAISE (The charity) for the Year ended 30th June, 2024. The Trustees confirm that the Annual Report and the Financial Statements of the Charity comply with the current statutory requirements of the Charity’s governing documents and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005 The charity also trades under the name CITY OF PRAISE
STATUS: The Charity was constituted under a Trust Deed dated 1[st] July, 2008 and is registered in England and Wales with Charity number 1127435.
APPOINTMENT OR ELECTION OF TRUSTEES: T rustees are elected and or appointed under the terms of the Trust Deed.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES: The induction process for a newly appointed member of the Board of Trustees comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Pastor in charge 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 Charity.
RELATED PARTY RELATIONSHIPS: R CCG (CITY OF PRAISE) is a Parish of The Redeemed Christian Church of God (which has parishes all over the world). The parish’s relationship with other parishes is governed by an “Agreement of Common Purposes”
OBJECTS AND ACTIVITIES: The principal object is the advancement of the Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objectives, the Church adopted the following strategies:
-
Running seminars in the Church with proven ministers of the faith to guide members in the various aspects of Christian faith
-
Providing support for the charities and Christian events,
-
Providing overseas aid and famine relief, and
-
Involving in Economic and Community Development
The activities for achieving its objectives include:
-
Community outreach events;
-
Conferences and seminars;
-
Welfare support to members and public;
-
Food donation and food surplus redistribution; and
-
Various missionary activities
GRANT MAKING POLICY: 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 missionary that shares its objects in advancement of Christian faith and relief of poverty. The Church also give occasional grants to congregational members who are in need.
VOLUNTEERS: The Church is grateful to the unflinching efforts of its volunteers who are involved in providing services for the Charity. It is estimated that over 2,480 hours are provided by volunteers during the year. If this is conservatively valued at £11.44 per hour, the volunteer’s effort will amount to £28,371.
REVIEW OF ACTIVITIES: The Church continue 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 as contained in our Trust Deed. It was indeed a year of significant testimonies. The Parish established two new Parishes in the course of the year-one in Radcliffe, and another in Atherton. This is in furtherance of the RCCG global vision and Continent 9 FREGH vision. We also moved into our permanent place of worship (HALLELUJAH HOUSE). The building was dedicated by the General Overseer and Mummy G.O., Pastor E.A & Pastor (Mrs) Folu Adeboye on the 24[th] of April, 2024 to the glory of God.
RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2024 | 3
The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June, 2024
Trustees’ Report Cont’d.
INVESTMENT POLICY: 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.
FUNDING AND REBATES: Funding has been provided mainly through Tithes and Offerings by Church members and through Gift Aid. Donations are also accepted for special programmes and projects. During the year, the Charity secured a total of £43,753 in external funding. £39,500 from Workers’ Education Authority/UK Government for Community Upskill programme, £2.865 from Salford City Council to support Health is wealth programmes and £1,388 from Salford CVS to support Healthy Holiday Activities. We also received a relief of £ 4,092 from HMRC as Employer’s National Insurance Contribution rebate.
FUTURE DEVELOPMENT: 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 society.
STATEMENTS 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 trustees 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 accepted 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 for that period. In preparing these financial statements, the trustees are required to:
-
Select suitable accounting policies and then apply them consistently:
-
Make judgement and estimates that are reasonable and prudent:
-
Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company 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 Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence taking reasonable 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 26[th] March, 2025
and signed on their behalf by:
Pastor Rufus Aizeboje
Trustee
RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2024 | 4
The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June, 2024
Independent Examiner’s Report for Year Ended 30th June, 2024
TO: THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF PRAISE.
I report on the accounts of the Charity for the Year ended 30 June 2024 which is set out on pages 6-11
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE 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 145(1) of the Charities Act 2011 and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts (under section 145(1) (a) of the 2011 Act;
-
Follow the procedures laid down in the general directions given by the Charity Commissioners and
-
State whether matters have come to my attention.
BASIS OF EXAMINER’S STATEMENT
My examination was carried out in accordance with the general directions given by the Charity Commissioners. 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 I do not express an audit opinion on the view given by the accounts.
EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention to give me reasonable cause to believe that in any material respect the requirements:
-
To keep accounting records in accordance with the requirement of Section 130 of the Charities Act 2011; and
-
To prepare accounts which accord with the accounting records and to comply with the Accounting requirements of the Charities act 2011 have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
SIGNED
Akintayo Ojo FCCA 46 Hollywood Way Erith DA8 2QE DATE: 26[th] March, 2025
RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2024 | 5
The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June, 2024
Statement of Financial Activities
----- Start of picture text -----
Notes 2024 2023
£ £
Incoming Resources:
Voluntary Donations 2 176,374 153,917
Gift Aid 3a 19,010 19,368
Other Funding and Rebate 3b 47,845 30,372
Interest 782
Total 243,229 204,439
Resources Expended
Charitable Expenditure
Grants Payable-Institutional 5 5,000 12,303
Cost of Activities in furtherance of Charity's
objects 6 112,663 97,440
Interest Exp 8 14,238
Governance Costs 7 48,673 47,787
Total Resources Expended 180,574 157,530
Net Incoming/(Outgoing) Resources 62,656 46,910
Total Funds at the Beginning of the Year 195,205 148,295
Balance at the end of the Year 257,861 195,205
----- End of picture text -----
RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2024 | 6
The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June, 2024
Balance Sheet as at 30[th] June, 2024
| Notes | 2024 | 2023 | |
|---|---|---|---|
| Fixed Assets: | £ | £ | |
| Tangible Assets | 9 | 495,911 | 46,233 |
| Current Assets: | |||
| Bank and Cash Balances | 10 | 14,876 | 148,164 |
| Other Receivables | 4 | 23,505 | 10,130 |
| 38,381 | 158,294 | ||
| Total Assets | 534,293 | 204,527 | |
| Less Liabilities: | |||
| Amount Due within 1 Year | 11 | 11,571 | 9,322 |
| Amount Due in more than 1 Year | 12 | 264,860 | |
| 276,431 | 9,322 | ||
| Net Assets | 257,861 | 195,205 | |
| Charity Funds: | |||
| General Unrestricted | 257,861 | 195,205 | |
| Total Funds | 257,861 | 195,205 |
The Accounts have been prepared in accordance with special provision of Statement of Recommended Practice: Accounting and reporting by Charities (SORP) issued in March 2007 as modified for smaller Charities
Approved by the Trustees on: 26[th] March, 2025
and Signed on their behalf by:
Pastor Rufus Aizeboje
RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2024 | 7
The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June, 2024
Notes to the accounts
Note
1 Accounting Policies
-
a The Accounts have been prepared under the Historical Cost Convention in accordance with applicable Accounting Standards. They follow Best Practices as stated out in the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) issued in March, 2007 as modified for small Charities.
-
b) Income is accounted for on Actual Receipt Basis while Expenditures are recorded on Accrual Basis. We recognise Gift Aids due from HMRC based on the credibility of the source.
-
c) Fixed Assets: Comprise of Motor Vehicles, Musical Equipment, Office Equipment and Furniture items, and are stated at Cost Less Depreciation
d) Depreciation is provided at rates calculted to write off the cost of the assets (less expected disposal value) over expected useful lives. The following rates apply: Motor Vehicles: -25% Computer and Office Equipment: -25% Musical Equipment -25% Funiture & Fittings -25%
Donation Classification and
- e) Appropriation:
We capture donations through Bank statements and in service cash collections. Classification of online donations might not be totally correct because many donors do not specify donation category. However, we use the Ushers' records to account for collections for the purpose of Thanksgiving collections appropriation.
Note
2 Donations, Legacies and Similar Incoming Resources £ Tithes 116,422 Offering 31,649 Thanksgiving 14,990 Building & Other projectsupport 13,313 Total Voluntary donations Note 3a Gift Aid Note 3b Other Fundings & Rebate HMRC NI Rebate WEA -Community Upskill Salford City Council (Health is Wealth/ Healthy Hols) Note 4 Receivables* Gift Aid Others |
2 Donations, Legacies and Similar Incoming Resources £ Tithes 116,422 Offering 31,649 Thanksgiving 14,990 Building & Other projectsupport 13,313 Total Voluntary donations Note 3a Gift Aid Note 3b Other Fundings & Rebate HMRC NI Rebate WEA -Community Upskill Salford City Council (Health is Wealth/ Healthy Hols) Note 4 Receivables* Gift Aid Others |
2024 £ 176,374 19,010 4,092 39,500 4,253 47,845 - 23,505 23,505 |
£ 48,107 29,660 16,200 59,950 |
2023 £ 153,917 |
|---|---|---|---|---|
| 19,368 | ||||
| 4,216 26,156 |
||||
| 30,372 | ||||
| 2,761 7,369 |
||||
| 10,130 |
RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2024 | 8
The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June, 2024
Notes to the Accounts cont’d.
----- Start of picture text -----
2024 2023
£ £
Note 5 Grants Payable-Institutional
World Evangelical Mission (WEM) 1,900 11,703
Festival of Live(FOL) 2,500
Central Office Funding 600 600
5,000 12,303
Note 6 Cost of Activities in Furtherance of Charity Objects
External Speakers Expenses/Honorarium 21,354 14,336
Training Seminars and Conferences 1,463 3,383
Travel and Subsistence 10,874 9,713
Rent, rates and Licences 6,582 9,455
Welfare Expenses 7,241 15,726
Telephone and Communication 2,005 1,748
Motor Vehicle Expenses 11,118 3,518
Insurance 14,358 3,258
Depreciation 8,167 8,291
Hospitality 11,353 15,237
Repair and Maintenance 13,840 3,935
Printing & Stationery 3,408 3,478
Funded Community Project costs 900 5,361
112,663 97,440
Note 7 Management and Governance Costs
Administrative Salaries 42,251 42,600
Legal and Professional fees 6,072 4,837
Independent Examiner's fee 350 350
48,673 47,787
Note 8 Interest Expenses
Mortgage interest 13,130
Bank/Finance Charges 1,108
14,238
----- End of picture text -----
RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2024 | 9
The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June, 2024
Notes to the Accounts cont’d.
| Note 9 Fixed Assets Cost At 30th June, 2023 Additions Disposals At 30th June, 2024 Depreciation At 30th June, 2023 Charged for the year Disposals At 30th June, 2024 Net Book Value At 30th June, 2023 At 30th June, 2024 |
Building 8,897 418,429 427,326 - - 8,897 427,326* |
Motor Vehicles £ 26,142 4,000 30,142 7,610 3,022 10,632 18,532 19,510 |
Musical Equipment £ 34,134 13,215 47,349 - 24,120 1,766 25,886 10,014 21,463 |
Computer and Other Equipment £ 12,967 12,466 490 24,943 10,469 1,771 12,240 2,498 12,703 |
Funiture & Fittings £ 21,981 10,224 32,205 15,689 1,607 17,296 6,292 14,909 |
Total £ 104,121 458,334 - 490 |
|---|---|---|---|---|---|---|
| 561,965 | ||||||
| 57,888 8,166 |
||||||
| 66,054 | ||||||
| 46,233 | ||||||
| 495,911 | ||||||
RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2024 | 10
The Redeemed Christian Church of God - City of Praise. Reports for the year ended 30[th] June, 2024
Notes to the accounts cont’d
| Note 10 Bank Balances NatWest Bank Barclays Note 11 Creditors & Accruals Remittances & Allowances Due Other Accrued Expenses Note 12 Mortgage Loan Kingdom Bank-Mortgage |
30 June, 2024 £ 7,439 7,437 14,876 9,322 2,249 11,571 264,860 264,860 |
30 June, 2023 £ 145,381 2,783 148,164 8,622 700 9,322 |
|---|---|---|
RCCG City of Praise: Reports and Accounts for the year ended 30[th] June, 2024 | 11