REDEEMED CHRISTIAN CHURCH OF GOD (THE ANCHOR FOR ALL SOULS)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
COMPANY NUMBER: 06629239
CHARITY NUMBER: 1128753
REDEEMED CHRISTIAN CHURCH OF GOD (THE ANCHOR FOR ALL SOULS)
TRUSTEES: MR OLAYINKA ADENIRAN
MR BABAJIDE ANJORIN MR OLABISI ODESANYA
COMPANY REG NO.: 06629239
BANKERS: LLOYDS TSB
15 BLACKHEATH VILLAGE LONDON SE3 9LH
BARCLAYS WOOLWICH LONDON SE5 0NN
ACCOUNTANT: OPEN BOOKS CONSULTANCY LTD
(CHARTERED CERTIFIED ACCOUNTANTS) 4 COLEMAN ROAD BELVEDERE
DA17 5AN
REDEEMED CHRISTIAN CHURCH OF GOD (THE ANCHOR FOR ALL SOULS)
TABLE OF CONTENTS
1) TRUSTEES REPORT
2) EXAMINERS REPORT
3) BALANCE SHEET
4) INCOME AND EXPENDITURE ACCOUNT
5) NOTES TO THE ACCOUNT
REDEEMED CHRISTIAN CHURCH OF GOD (THE ANCHOR FOR ALL SOULS)
TRUSTEES' REPORT
The Trustees present their report together with the accounts for the period ended 31 December 2024. The accounts have been prepared in accordance with the Statement of Recommended Practice and applicable law.
Objectives of the Charity, Principal Activities and Organisation of our work
Redeemed Christian Church of God (The Anchor for All Souls) is a company limited by guarantee and not having a share capital. The objectives of the charity are:-
a) to advance the Christian religion for the public benefit in accordance with the doctrines of our Lord Jesus Christ, through the holding of prayer meetings, lectures, evangelism, distributing of literature and tracts, broadcasting and such charitable means as the trustees consider appropriate; and
b) the relief of poverty by such charitable means as the trustees consider appropriate.
The principal activities of the church are Christian worship, Christian outreach program to increase Christian awareness and to spread the gospel of our Lord Jesus Christ and the development of the whole man, spiritually, mentally and physically. We have a number of volunteers who assist in helping us achieve our objectives.
Development, Activities and Achievements in the period
Redeemed Christian Church of God (The Anchor for All Souls) continues to grow and support the new parishes it recently planted. The church ministers to the needs of various social groups within and outside the church. It also provides forum for manpower development for its members to be equipped, educationally, socially and spiritually. It offers various counselling sessions to the needy, unemployed, and educational and makes referral when ever the need arises.
Redeemed Christian Church of God (The Anchor for All Souls) services are held at its leased facility at 19 Upland Rd, Bexleyheath DA7 4NR.
Review of financial position
Please refer to the annexed account for the details of the Financial Statements for the year ended 31 December 2024 .
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REDEEMED CHRISTIAN CHURCH OF GOD (THE ANCHOR FOR ALL SOULS)
TRUSTEES' REPORT (CONTINUED)
Statement of Trustees' Responsibilities
The Charities Act requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are requested to:
-
Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
• State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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. 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 irregularities.
Trustees
The members of the trustees during the year were
-
Mr Olayinka Adeniran
-
Mr Babajide Anjorin
-
Mr Olabisi Odesanya
Approval
This report was approved by the board of trustees on the and signed on its behalf by:
MR OLAYINKA ADENIRAN
DATE: 04/05/2025
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Independent Examiner's Report to the Trustees of "Redeemed Christian Church of God (The Anchor for All Souls)"
I report on the accounts of the Charity for the period ended 31 December 2024, which are set out on pages 9 to 12.
Respective responsibilities of trustees and 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 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts (under section 43(3) (a) of the 1993 Act);
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to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7) (b) of the 1993 Act); and
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to 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 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.
Independent examiner's statement
In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect, the requirements
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to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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to prepare accounts which comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
Page 7
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Adeyemi Adegbola FCCA
Page 8
Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Income from charitable activities Other trading activities Total income Expenditure on: Expenditure on charitable activities Total expenditure Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Offering Revaluation reserves Thanksgiving Tithe |
214,407 — — 214,407 193,331 59,425 — — 59,425 48,797 2 — — 2 10 |
| 273,835 — — 273,835 242,139 354,085 — — 354,085 209,455 |
|
| 354,085 — — 354,085 209,455 — — — — — |
|
| (80,250) — — (80,250) 32,683 — — — — — — — — — — — — — — — |
|
| (80,250) — — (80,250) 32,683 |
|
| 185,861 — — 185,861 153,177 |
|
| 105,610 — — 105,610 185,861 33,807 — — 33,807 114,058 2,152 — — 2,152 2,152 62,097 — — 62,097 62,097 526 — — 526 526 7,027 — — 7,027 7,027 |
Balance sheet
| Class and code Description |
This year Last year |
|---|---|
| Fixed assets 301 Sound Equipment 303 Computer Equipment 304 Fixtures and Fittings 306 Depreciation - Sounds 308 Depreciation - Computer 309 Depreciation - F&F Total Fixed assets Current assets 401 Prepaid expenses 402 Lloyds Account - Main 403 Barclays 404 Lloyds Account - Worldpay Z05 Accounts Receivable Total Current assets |
33,970 33,970 15,473 14,471 2,631 181 (9,179) (4,179) (12,372) (2,372) (181) (181) |
| 30,342 41,890 34,665 4,665 9,841 6,669 30,762 154,636 — — — — |
|
| 75,268 165,970 |
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| Liabilities Z04 Accounts Payable Total Liabilities Net Asset surplus(deficit) Reserves Excess / (deficit) to date Z01 Starting balances Total Reserves Represented by funds Unrestricted Designated Restricted Endowment Total |
— 22,000 |
|---|---|
| — 22,000 |
|
| 105,610 **185,861 ** |
|
| (80,250) 117,098 185,861 68,762 |
|
| 105,610 185,861 33,807 114,058 71,803 71,803 — — — — |
|
| 105,610 185,861 |
Statement of assets and liabilities
| General Designated Restricted Endowment This year Last year |
|
|---|---|
| Fixed assets - Tangible assets Sound Equipment - Computer Equipment - Fixtures and Fittings - Depreciation - Sounds - Depreciation - Computer - Depreciation - F&F - Totals Current assets - Cash at bank and in hand Lloyds Account - Main - Barclays - Totals Current assets - Debtors Prepaid expenses - Totals Liabilities - Creditors: Amounts falling due in one year Accounts Payable - Totals Grand total |
33,970 — — — 33,970 33,970 15,473 — — — 15,473 14,471 2,631 — — — 2,631 181 (9,179) — — — (9,179) (4,179) (12,372) — — — (12,372) (2,372) (181) — — — (181) (181) |
| 30,342 — — — 30,342 41,890 (2,331) 12,172 — — 9,841 6,669 (28,868) 59,630 — — 30,762 154,636 |
|
| (31,199) 71,803 — — 40,603 161,305 34,665 — — — 34,665 4,665 |
|
| 34,665 — — — 34,665 4,665 — — — — — 22,000 |
|
| — — — — — 22,000 |
|
| 33,807 71,803 — — 105,610 185,861 |
Fund movement by type
| Opening Incoming Outgoing Transfers Gains/losses Closing |
|
|---|---|
| Offering - Offering Designated Sub-total for Offering Thanks - Thanksgiving Designated Sub-total for Thanks Tithe - Tithe Designated Sub-total for Tithe General - General fund Unrestricted |
2,152 — — — — 2,152 |
| 2,152 — — — — 2,152 526 — — — — 526 |
|
| 526 — — — — 526 7,027 — — — — 7,027 |
|
| 7,027 — — — — 7,027 114,058 273,835 354,085 — — 33,807 |
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| Sub-total for General ZReval - Revaluation reserves Designated Sub-total for ZReval Grand total |
114,058 273,835 354,085 — — 33,807 62,097 — — — — 62,097 |
|---|---|
| 62,097 — — — — 62,097 |
|
| 185,861 273,835 354,085 — — 105,610 |
Analysis of income and expenditure
| Total Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Donations and legacies 101 - Tithe 161,546 — — — 161,546 151,707 102 - Offering 27,944 — — — 27,944 27,063 103 - Bible Studies — — — — — — 104 - Altar of Solution — — — — — — 105 - Thanksgiving 7,799 — — — 7,799 5,928 106 - Donations — — — — — — 112 - Seed Faith 2,817 — — — 2,817 8,506 113 - Nehemiah (Building Fund) 14,300 — — — 14,300 125 116 - Other Donations — — — — — — 118 - First Fruit — — — — — — 120 - Isaac Seed — — — — — — Total 214,407 — — — 214,407 193,331 Income from charitable activities 107 - Special Events 4,626 — — — 4,626 4,314 108 - Fruitful Partners 700 — — — 700 2,240 109 - Book Stall — — — — — — 110 - Easter Sacrificial Giving — — — — — — 114 - September2Remember 3,060 — — — 3,060 343 115 - Gift Aid 51,039 — — — 51,039 41,900 117 - Conference — — — — — — 119 - Hall Hire — — — — — — Total 59,425 — — — 59,425 48,797 Other trading activities 111 - Interest 2 — — — 2 10 Total 2 — — — 2 10 |
Total Unrestricted Designated Restricted Endowment This year Last year INCOME AND ENDOWMENTS Donations and legacies 101 - Tithe 161,546 — — — 161,546 151,707 102 - Offering 27,944 — — — 27,944 27,063 103 - Bible Studies — — — — — — 104 - Altar of Solution — — — — — — 105 - Thanksgiving 7,799 — — — 7,799 5,928 106 - Donations — — — — — — 112 - Seed Faith 2,817 — — — 2,817 8,506 113 - Nehemiah (Building Fund) 14,300 — — — 14,300 125 116 - Other Donations — — — — — — 118 - First Fruit — — — — — — 120 - Isaac Seed — — — — — — Total 214,407 — — — 214,407 193,331 Income from charitable activities 107 - Special Events 4,626 — — — 4,626 4,314 108 - Fruitful Partners 700 — — — 700 2,240 109 - Book Stall — — — — — — 110 - Easter Sacrificial Giving — — — — — — 114 - September2Remember 3,060 — — — 3,060 343 115 - Gift Aid 51,039 — — — 51,039 41,900 117 - Conference — — — — — — 119 - Hall Hire — — — — — — Total 59,425 — — — 59,425 48,797 Other trading activities 111 - Interest 2 — — — 2 10 Total 2 — — — 2 10 |
|---|---|
| 214,407 — — — 214,407 193,331 4,626 — — — 4,626 4,314 700 — — — 700 2,240 — — — — — — — — — — — — 3,060 — — — 3,060 343 51,039 — — — 51,039 41,900 — — — — — — — — — — — — |
|
| 59,425 — — — 59,425 48,797 2 — — — 2 10 |
|
| 2 — — — 2 10 |
|
| INCOME TOTAL | 273,835 — — — 273,835 242,139 |
EXPENDITURE
Expenditure on charitable activities
| 211 | - Refreshments | 7,081 | — | — | — | 7,081 | 907 |
|---|---|---|---|---|---|---|---|
| 213 | - Youth Church | 7,215 | — | — | — | 7,215 | 3,228 |
| 214 | - Training | 1,644 | — | — | — | 1,644 | 1,631 |
| 216 | - Salary | 45,191 | — | — | — | 45,191 | 50,792 |
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| 217 - Instrumentalist 218 - Fuel 219 - Insurance 220 - Telephone 221 - Internet 222 - Rent 225 - Repairs & Maintenance 226 - WEM 227 - Cental office Support 228 - Thanksgiving - 70% 229 - Thanksgiving - 10% 231 - FOL Partnership 232 - Misc Expenses 233 - Gifts 234 - Business Rate 235 - Gas & Electricity 239 - First Fruit 240 - Legal/Professional Fee 241 - Bank Charges 244 - Website Development 246 - Training Manual 248 - Stationery 249 - Ministry Support 250 - PDQ Terminal / Charges 253 - Sustenance 254 - Travel Allowance 255 - Ministers Gift 256 - Childrens Church 257 - Members Support 259 - Pastors Allowance 261 - Building Project/Maintenance 263 - HMRC Deductions 264 - Honorarium 265 - Charge Card Expenses 266 - Choir's Misc Expenses 267 - Outreach 268 - Building Insurance 269 - Depreciation - Computer 270 - Depreciation - Sounds 271 - Depreciation - F&F 272 - Depreciation - Other Assets 274 - Subscription 276 - Charity Donation 277 - Waste Disposal 279 - Workers Conference 280 - Holy Communion 281 - Summer Kids CLub 282 - Womens Conference 283 - September to Rem 284 - Progromme Total |
52,540 — — — 52,540 53,820 — — — — — — 685 — — — 685 649 829 — — — 829 1,029 1,256 — — — 1,256 — 120,102 — — — 120,102 36,961 7,916 — — — 7,916 293 12,000 — — — 12,000 12,000 4,100 — — — 4,100 3,600 329 — — — 329 — — — — — — — 300 — — — 300 325 935 — — — 935 2,288 11,239 — — — 11,239 8,413 — — — — — — — — — — — — — — — — — — 19,605 — — — 19,605 — 336 — — — 336 365 — — — — — — — — — — — — 17,712 — — — 17,712 1,144 3,150 — — — 3,150 6,384 — — — — — — — — — — — — — — — — — — — — — — — — — — — — — 5,212 5,323 — — — 5,323 8,129 — — — — — — — — — — — — — — — — — 1,200 7,890 — — — 7,890 4,750 — — — — — — 3,343 — — — 3,343 3,491 3,969 — — — 3,969 1,283 — — — — — — 12,000 — — — 12,000 — 5,000 — — — 5,000 — — — — — — — — — — — — — 682 — — — 682 — 1,584 — — — 1,584 1,552 — — — — — — — — — — — — 124 — — — 124 — — — — — — — — — — — — — — — — — — — — — — — — — |
|---|---|
| 354,085 — — — 354,085 209,455 |
|
| EXPENDITURE TOTAL | 354,085 — — — 354,085 209,455 |
| GRAND TOTAL | (80,250) — — — (80,250) 32,683 |
This report dated:
10/05/2025
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