Charity Registration Number : 1128714
## **REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) NEW GATE CHURCH BEDFORD**
TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
## **REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) NEW GATE CHURCH BEDFORD**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
FOR THE YEAR ENDED 31 DECEMBER 2024
**Trustees** 1.Pastor ADEBAYO ADEMUYIWA DACOSTA 2.Pastor AYODELE ILEASU OGUNNUBI 3.Dcns FAITH OMOROGBE **Charity Number** 1128714 **Registered Office** RCCG - NEW GATE CHURCH BEDFORD 1ST & 2nd Floor Bedford MK42 0HB **Independent Examiner** VINKEA and ASSOCIATES LTD UNIT 133, 548-550 Elder House Elder Gate MK9 1LR
## **REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) NEW GATE CHURCH BEDFORD**
## **CONTENTS**
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees' Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
## **REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) NEW GATE CHURCH BEDFORD**
## **TRUSTEES' REPORT**
## FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees present their annual report and financial statements for the year ended 31 December 2024 .
TRUSTEESANNUAL REPORT AND ACCOUNT
FORTHE YEAR ENDING 31 DECEMBER 2024
RegisteredNumber 1128714
## Trustees’Report
RCCG New GATE trustees presenttheir statutory report with the financial statement for the year ended 31st December 2024.
The report has been prepared in Compliancewith Part IV of the Charities Act 2005.Financial Statements have been prepared
in accordance with theaccounting policies and Comply with the charitable Accounting and ReportingFRS102,
by Charities Statement of Recommended Practice (SORP 2005)
CharityInformation
TheTrustees are:
Pastor ADEBAYOADEMUYIWA DACOSTA
## Pastor AYODELEILEASU OGUNNUBI
## Dcns FAITH OMOROGBE
Church Address: Unit 12AFenlake Industrial Estate, Fenlake Road, Bedford, Bedfordshire. MK42 0HB United Kingdom.
## Phone: 07707542353
E-mail: admin@rccgnewgate.co.uk
Website: www.rccgnewgate.co.uk
ParishPastor: OLUFEMI AWOLEYE
## Method of Appointment orElection of Trustees
The management of the charityis the responsibility of the Trustees who are elected by resolution or appointedand coopted under
the Trust Deed or the contribution that they will make tothe governance of the organisation and the skills they will contribute.
A formal induction is carried out includingof the Charity Commission’s Guidance and Governing document and policies of the
Charity existing board members. Here are the elected trustees as at 30September 2023
## Pastor ADEBAYO ADEMUYIWA DACOSTA
111Dargets Road Walderslade
## Chatham Kent,
ME5 8BS
Pastor AYODELE ILEASU OGUNNUBI
19 Noble Close
Milton Keynes
MK15 8AF
Dcns FAITH OMOROGBE
Page 1 of 10
## 50 Woodstock Road
## Bedford
## MK40 4JY
Policies Adopted for theInduction and Training of Board of TrusteesTheinduction process for any newly appointed member of the
Board of Trustees Comprisesof an initial meeting with the Board of Trustees where the powers andresponsibilities of the
Trustees are clearly explained. To further enhance the governance skills ofTrustees, they are registered to different training events, conferences and seminars.
This ensures strict compliance to relevantregulations.
## OrganisationalStructure, Governance and Management
Constitution RCCG New GATE is a charitableorganisation, The charity is set up with special charitable articles with the CharityCommission as a charity in its right.
Whilst the church has an inspirationalspiritual leader, the church has members who service as trustees of the charityin accordance with Charities Act 2006.
The governing of the Charity is entirely the responsibility of theTrustees and is independent and free from any external influence.
The Board of Trustees meets to manage itsaffairs and must submit accounts on an annual basis to the Charity Commission andmust comply with charity.
Trustees have responsibilitiesof good governance by ensuring the overall direction, effectiveness,supervision and accountability of the charity as follows:
agreeingthe purpose of the charity and that the charity makes a difference by advancingthe object of the charity
agreeingbroad strategies to carry out the charity’s purpose effectively includingensuring that policies and activities achieve those objectives
accountingfor the charities performance
thatthe charity is well run and efficient
thatproblems are identified early and dealt withappropriately
preservationof the reputation and integrity of the sector
compliancewith law and regulation making sure the charity is run in a way that is legal,responsible and effective.
However, the Board of Trusteesmust ensure good governance as they rely on many different people to be able togovern well – staff and in particularly,
the chief officer, volunteers,advisors and others with interest or stake in the charity
RCCG New GATE was birthed inBedford
Objectives of the Charity andMain Activities
Advancingthe Christian faith through various programmes in United Kingdom for thebenefit of the public through the holing of prayer meetings, lectures,
publiccelebration of festivals, producing and for distributing literature on theChristian faith to enlighten others about the Christian religion.
Torelieve persons who are in conditions of need or hardship and to relieve causepoverty in Bedfordshire and other part of United Kingdom.
## Subordinate
Towork strategically to identify needs and to give hope to the distressed, theoppressed, disillusioned, less privileged or whosoever is in need of hope.
Toestablish new church parishes, small groups and community centres housefellowships and to assist those families in distresses
Setup Pastor coach network, musical training for young people and to procuresuitable investment properties to generate
Raisea generation of people ready for the coming of our Lord Jesus Christ andreflecting His glory.
Setup nurseries, after school clubs, summer schools and youth projects and mediaactivities for young people
Supportindividuals, groups and agencies working in communities
Page 2 of 10
Tosustain and develop multi-cultural forum as an organisation which meets theneeds of the local majority and minority ethnic population through Biblicalteachings
Provisionof mentorship, and equip members to become responsible leaders/ ministers forministry
To achieve the aboveobjectives:
AtRCCG New GATE, we put together adequate administrative and financial supportteam
Webuilt a wider network of relationship within the local community andcollaborative work with other churches and charities
Raisefunds within the church to support and meet financial burden for those who arein need. Gave financial support and hardship money to those who required and
genuinely deserved to be assisted.
Runningmarriage and other counselling operations
RunningICT and specialist programs that empower the members and community at large.
Otheractivities that raise standard and profiles of attendees, mem’s and singlesprograms.
Invitingbusiness people to train members and community people
Worshipand Praise seminars.
Whereappropriate did hospital ministration
Wereach out to the community in the Form of Evangelism, Leadership Training weare able to meet those that not only lack faith but need Welfare assistance inone way or another.
Foundan in genuine way of assisting members and non-members during the lockdown
PastoralCounselling – continued on line during the long lockdown.
Risk Analysis and Management:
TheBoard of Trustees has considered the risk to which the charity is exposed andsystems have been established to minimise those risk and minimise the impact oncharity.
Internal procedures and controls are established which are reviewed regularlyto ensure compliance at all times.
## Responsibilities of theTrustees
TheCharity Act 2005 requires the Trustees to prepare financial statements for eachfinancial year which give a true and fair view of the state of affairs of thecharity as at
balance sheet date and of its income resources and application ofresources, including income and expenditure, for the year then ended.
In preparing these financialstatements which give a true and fair view,
the Trustees should follow bestpractice and:
Selectsuitable accounting policies and then apply them consistently
Makejudgements and estimates that are reasonable and prudent
Statewhether applicable accounting standards have been
followed, subject to any materialdepartures disclosed and
explained in the notes to theaccount
The trusteesare responsible for keeping accounting records which disclose with reasonableaccuracy at any time the financial position of the charity and also to ensurethat
the financial statements comply with the Charity Act 2005. The trusteesare also responsible for safeguarding the assets of the charity and hence fortaking reasonable steps
for the prevention and detection of fraud and otherirregularities.
Pastor ADEBAYO ADEMUYIWA DACOSTA
Trustee
This report was approved by the trustees and signed on its behalf by:
----------------------------------------------------
**1.Pastor ADEBAYO ADEMUYIWA DACOSTA**
Page 3 of 10
Trustee
Date .. 27 October 2025
Page4 of 10
## **REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) NEW GATE CHURCH BEDFORD**
## **INDEPENDENT EXAMINER'S REPORT**
## FOR THE YEAR ENDED 31 DECEMBER 2024
INDEPENDENT EXAMINER'S REPORT
FOR YEAR ENDED 31 December 2024
TO THE DIRECTORS/TRUSTEESOF RCCG New GATEBedford
I report on the accounts of the charity for theyear ended 31 DECEMBER 2024 which is set out on pages below.
RESPECTIVERESPONSIBILITIES OF THE DIRECTORS/TRUSTEES AND THE EXAMINER
The charity's directors are responsible for the preparation of theaccounts. The charity's directors consider that an audit
is not required forthis year under section 476 of the Companies Act 2006 and that an independentexamination is needed.
It is my responsibility to:
examine the accountsunder section 145 of Charities Act 2011.
follow the procedureslaid down in the General Directions given by the Charity Commissioners (undersection 145(5)(b) of the 2011 Act); and,
state whether mattershave come to my attention.
## BASIS OF EXAMINER'SSTATEMENT
My examination was carried out in accordance with the General Directionsgiven by the Charity Commission. An examination includes a review
of theaccounting records kept by the charity and a comparison of the accountspresented with those records. It also includes consideration
of any unusualitems or disclosures in the accounts and seeking explanations from you asDirectors/Trustees concerning any such matters.
The procedures undertaken donot provide all the evidence that would be required in an audit, andconsequently no opinion is given as to whether
the accounts present a'true and fair' view, and the report is limited to those matters setout in the statements below.
## EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
1. which gives mereasonable cause to believe that in any material respect the requirements.
- to keep accounting records in accordance with therequirement of Section 386 and
387 of the Companies Act 2006; and
• to prepare accounts which accord with theaccounting records and to comply with the accounting requirements of Section394 and 395 of the Companies Act 2006
and with the methods and principles ofthe Statement of Recommended Practice: Accounting and Reporting by Charitieshave not been met; or
2. which, in my opinion, attention should be drawn to enable a properunderstanding of the accounts to be reached.
## Emmanuel Vin-Kabb, FCCA
Independent Examiner
Name: Emmanuel Vin-Kabb for and on behalf of VINKEA and ASSOCIATES LTD Date: 25 October 2022
Page 5 of 10
**REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) NEW GATE CHURCH BEDFORD**
## **STATEMENT OF FINANCIAL ACTIVITIES**
FOR THE YEAR ENDED 31 DECEMBER 2024
|**Recommended categories**
**by activity**
**Notes**
**Income and endowments**
**from:**
Donations and legacies
2
Investments
3
**Total**
**Expenditure on:**
Raising funds
4
Charitable activities
5
**Total**
Net income
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted funds**
**£**
142,974.11
14,368.18
**157,342.29**
7,511.57
87,845.36
**95,356.93**
61,985.36
**61,985.36**
27,990.87
**89,976.23**|**Total Funds 2024**
**£**
142,974.11
14,368.18
**157,342.29**
7,511.57
87,845.36
**95,356.93**
61,985.36
**61,985.36**
27,990.87
**89,976.23**|**Total Funds 2023**
**£**
105,144.57
14,371.89|
|---|---|---|---|
||||**119,516.46**|
||||5,749.15
85,776.44|
||||**91,525.59**|
||||27,990.87|
||||**27,990.87**
-|
||||**27,990.87**|
Page 6 of 10
## **REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) NEW GATE CHURCH BEDFORD**
## **BALANCE SHEET**
FOR THE YEAR ENDED 31 DECEMBER 2024
|**Recommended categories by**
**activity**
**Notes**
Fixed assets
Tangible assets
6
**Total fxed assets**
Current assets
Cash at bank and in hand
7
**Total current assets**
Creditors: amounts falling due within
one year
8
**Net current assets/(liabilities)**
Total net assets
**Funds of the Charity**
Unrestricted funds
9
Restricted income funds
9
Endowment funds
9
**Total funds**|**Total Funds 2024**
**£**
24,480.82
**24,480.82**
2,189.00
**2,189.00**
(15,621.02)
**17,810.02**
42,290.84
89,976.23
-
-
**89,976.23**|**Total Funds 2023**
**£**
15,426.00|
|---|---|---|
|||**15,426.00**|
|||-
**-**
15,426.00
**(15,426.00)**
-
27,990.87
-
-|
|||**27,990.87**|
The financial statements were approved by the trustees on 27 October 2025 and signed on its behalf by:
## **1.Pastor ADEBAYO ADEMUYIWA DACOSTA**
## **Trustee**
Date : 27 October 2025
Page 7 of 10
## **REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) NEW GATE CHURCH BEDFORD**
## **NOTES TO THE FINANCIAL STATEMENTS**
FOR THE YEAR ENDED 31 DECEMBER 2024
## **1. Accounting Policies**
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
## **1.1 Basis of preparation**
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
## **1.2 Going concern**
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
## **2. Income from Donations and Legacies**
|**Analysis**
**Unrestricted funds**
**£**
Donation and gifts
101,483.27
Gift Aid
41,490.84
**Total**
**142,974.11**
**3. Income from Investments**
**Analysis**
**Unrestricted funds**
**£**
Interest income
48.18
Rental and leasing income
14,320.00
**Total**
**14,368.18**
**4. Expenditure on Raising Funds**
**Analysis**
Portfolio management costs
Rent collection, property repairs and maintenance charges
Total||**Total funds 2024**
**£**
101,483.27
41,490.84
**142,974.11**
**Total funds 2024**
**£**
48.18
14,320.00
**14,368.18**
**Total funds 2024**
**£**
1,310.00
6,201.57|**Total funds 2023**
**£**
74,224.30
30,920.27|
|---|---|---|---|
||||**105,144.57**|
||||**Total funds 2023**
**£**
370.89
14,001.00|
||||**14,371.89**|
||||**Total funds 2023**
**£**
420.00
5,329.15|
|||**7,511.57**
**5,749.15**||
## **3. Income from Investments**
## **4. Expenditure on Raising Funds**
Page 8 of 10
## **5. Expenditure on Charitable Activities**
|**Analysis**
**Total funds 2024**
**£**
Bank charges
281.08
Legal/professional fees
400.00
Charity management & administration
**58,178.34**
Charity running cost
28,985.94
Total
87,845.36
**87,845.36**
**6. Tangible Fixed Assets**
**6.1 Cost or valuation**
At 01 January 2024
Additions
Disposals
Revaluations
Transfers
At 31 December 2024
**6.2 Depreciation and impairments**
At 01 January 2024
Charge for the year
Disposals
Revaluations
Transfers
At 31 December 2024
**6.3 Net book value**
At 01 January 2024
At 31 December 2024
**7. Cash at bank and in hand**
Cash at bank and in hand
**Total**
**8. Creditors: Amounts falling due within one year**
**Total funds 2024**
**£**
Trade creditors
15,426.00
Other creditors
(31,047.02)
**Total**
**(15,621.02)**|**Total funds 2024**
**£**
281.08
400.00||**Total funds 2023**
**£**
181.13
3,592.00|
|---|---|---|---|
||**58,178.34**||**54,362.11**|
||28,985.94
87,845.36||27,641.20
85,776.44|
||**87,845.36**||**85,776.44**|
||||**Fixtures &**
**Fittings**
**£**
15,426.00
8,254.82
-
-
-
**23,680.82**
-
(800.00)
-
-
-
**(800.00)**
15,426.00
**24,480.82**
**Total funds 2024**
**£**
2,189.00|
||||**2,189.00**|
||||**Total funds 2023**
**£**
15,426.00
-|
||||**15,426.00**|
Page 9 of 10
## **9. Charity funds**
## **9.1 Details of material funds held and movements during the CURRENT reporting period**
|**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**27,990.87**
**157,342.29**
**95,356.93**
**-**
**-**
**89,976.23**
**Total**
**27,990.87**
**157,342.29**
**95,356.93**
**-**
**-**
**89,976.23**
**9.2 Details of material funds held and movements during the PREVIOUS reporting period**
**Fund names**
**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted**
**funds**
**-**
**119,516.46**
**91,525.59**
**-**
**-**
**27,990.87**
**Total**
**-**
**119,516.46**
**91,525.59**
**-**
**-**
**27,990.87**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|**Fund**
**balances**
**brought**
**forward**
**Income**
**Expenditure**
**Transfers**
**Gains and**
**losses**
**Fund**
**balances**
**carried**
**forward**
**£**
**£**
**£**
**£**
**£**
**£**|
|---|---|---|---|---|---|---|
||**27,990.87**
**157,342.29**
**95,356.93**
**-**||||**-**|**89,976.23**|
||||||||
||**27,990.87**
**157,342.29**
**95,356.93**
**-**||||**-**|**89,976.23**|
||**-**|**119,516.46**
**91,525.59**
**-**|||**-**|**27,990.87**|
||||||||
||**-**|**119,516.46**
**91,525.59**
**-**|||**-**|**27,990.87**|
Page 10 of 10