THE REDEEMED CHRISTIAN CHURCH OF GOD Christ Ambassadors Assembly Charity Registration No 1129750 the year ended 31st August, 2024 RCCG Christ Ambassadors Assembly Reports for the year ended 31st August, 2024 ## Contents Reference and administrative details for the year ended 31 August, 2024 ....................................... 2 Trustees’ Report for The Year Ended 31[st] August, 2024 ..................................................................... 3 Trustees’ Report Cont’d. ..................................................................................................................... 4 Independent Examiner’s Report for Year Ended 31st August 2024 ................................................... 5 Statement of Financial Activities ........................................................................................................ 6 Balance Sheet as at 31st August, 2024 ............................................................................................... 7 Notes to the Accounts ........................................................................................................................ 8 Notes to the Accounts Cont’d ............................................................................................................. 9 Notes to the Accounts Cont’d ........................................................................................................... 10 RCCG Christ Ambassadors Assembly: Reports and Accounts for the year ended 31st August, 2024 | 1 RCCG Christ Ambassadors Assembly Reports for the year ended 31st August, 2024 ## **Reference and administrative details for the year ended 31 August, 2024** ## _**General Overseer**_ ## _**Pastor E.A Adeboye**_ ## **Trustees:** 1. Akeem O O Ajao (Chair). 2. Theresa Iringe-Koko. 3. Caroline B Adeleke. |2. Theresa Iringe-Koko.
|| |---|---| |3. Caroline B Adeleke.|| |4. Maris Ogiomade.|| |5. Esther Y Adewole.|| |**Charity Registration Number**|1129750| |**Principal Office**123 HIGH CROSS, LONDON, N17 9NR.|| |Correspondence Address - 7 SAULS GREEN, LONDON, E11 3PZ|| |**_Pastor in charge_**|**_Pastor Allan Omagbemi (stepped down in January, 2025._**| |**Independent Examiner**|**_Deaconess Adejoke Ajao took over)._**
Adebayo Olabisi FCA, FFA,FIPA| |7, Mossbrook Drive
Manchester
M38 9TJ.
**Bankers**
LLOYDS BANK HORNCHURCH HIGH ROAD, HORNCHURCH, LONDON.|| ||| RCCG Christ Ambassadors Assembly: Reports and Accounts for the year ended 31st August, 2024 | 2 ## RCCG Christ Ambassadors Assembly Reports for the year ended 31st August, 2024 ## **Trustees’ Report for The Year Ended 31[st] August, 2024** The Trustees submit their annual report and the Financial Statements of the Redeemed Christian Church of God (RCCG) CHRIST AMBASSADORS ASSEMBLY (The charity) for the Year ended 31st August 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 operates under the name CHRIST AMBASSADORS ASSEMBLY **STATUS:** The Charity was constituted under a Trust Deed dated 9[th] September, 2008 and is registered in England and Wales with Charity number 1129750 **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 (CHRIST AMBASSADORS ASSEMBLY)_ 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 - 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 events - Welfare support to members and public, 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:** Despite the challenge of accommodation, the Church continued to grow Physically and Spiritually 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. The trustees are of the opinion that the Charity will continue to achieve its objectives. RCCG Christ Ambassadors Assembly: Reports and Accounts for the year ended 31st August, 2024 | 3 ## RCCG Christ Ambassadors Assembly Reports for the year ended 31st August, 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 donations in form of Tithes and Offerings by Church members. Donations are also accepted for special programmes and projects. During the year, the Charity received a total of **£29,295** in voluntary donations. **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. ## 2025-06-24 Approved by the Trustees on ……………… and signed on their behalf by: Oladipupo Ajao Trustee: RCCG Christ Ambassadors Assembly: Reports and Accounts for the year ended 31st August, 2024 | 4 RCCG Christ Ambassadors Assembly Reports for the year ended 31st August, 2024 ## **Independent Examiner’s Report for Year Ended 31st August 2024** ## **TO: THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CHRIST AMBASSADORS ASSEMBLY.** I report on the accounts of the Charity for the Year ended 31st August 2024 which is set out on pages 6-10 ## **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 1 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 Adebayo Olabisi, FCA, FFA, FIPA ## DATE: 2025-06-24 2025-06-24 RCCG Christ Ambassadors Assembly: Reports and Accounts for the year ended 31st August, 2024 | 5 RCCG Christ Ambassadors Assembly Reports for the year ended 31st August, 2024 ## **Statement of Financial Activities** **----- Start of picture text -----**
Notes 2024 2023
£ £
Incoming Resources:
Voluntary Donations 2 29,295 24,354
Gift Aid Received 3 -
Total 29,295 24,354
Resources Expended on Charitable activities
Grants Payable-Institutional 4 7,183 5,293
Cost of Activities in furtherance of Charity's
Objects 5 15,724 11,859
Management and Governance Costs 6 7,680 10,776
Total Resources Expended 30,587 27,928
Net Incoming/(Outgoing) Resources -1,292 -3,574
Total Funds at the Beginning of the Year 23,975 27,549
Balance at the end of the Year 22,683 23,975
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RCCG Christ Ambassadors Assembly: Reports and Accounts for the year ended 31st August, 2024 | 6 RCCG Christ Ambassadors Assembly Reports for the year ended 31st August, 2024 ## **Balance Sheet as at 31st August, 2024** **----- Start of picture text -----**
Notes 2024 2023
Fixed Assets: £ £
Tangible Assets 7 5,839 7,299
Current Assets:
Bank and Cash Balances 8 17,324 17,156
Total Assets 23,163 24,455
Liabilities:
Amont Due within 1 Year 9 480 480
Net Assets 22,683 23,975
Charity Funds:
General Unrestricted 22,683 23,975
Total Funds 22,683 23,975
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The Accounts have been prepared in accordance with special provisions 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: …………...... 2025-06-24 and Signed on their behalf by: ## Oladipupo Ajao Akeem Oladipupo AJAO (Trustee) RCCG Christ Ambassadors Assembly: Reports and Accounts for the year ended 31st August, 2024 | 7 RCCG Christ Ambassadors Assembly Reports for the year ended 31st August, 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 - c) **Fixed Assets** : Comprise of Computers, Musical and Office Equipment. For this report, they are stated at Cost Less Depreciation charged at 20%. ## Note 2 **Donations, Legacies and Similar Incoming Resources** |Tithes
Offering
Thanksgiving & Others
Note 3
Gift Aid Received:|2024
2023
**£**
**£**
14,860
17925
13,808
6071
627
358| |---|---| ||**29,295**
**24,354**| ||**NIL**
NIL| The Charity did not make any Gift Aid Claim during this period. RCCG Christ Ambassadors Assembly: Reports and Accounts for the year ended 31st August, 2024 | 8 RCCG Christ Ambassadors Assembly Reports for the year ended 31st August, 2024 ## **Notes to the Accounts Cont’d** **----- Start of picture text -----**
2024 2023
£ £
Note 4 Grants Payable-Institutional
World Evangelical Mission (WEM) 3,983 4,693
Central Office Funding 600 600
Other Donations 2,600 -
7,183 5,293
Note 5 Cost of Activities in Furtherance of Charity Objects
Training and Seminars 326 530
Rent, rates and Licences 10,699 7,583
Welfare Expenses 395 820
Transport & Travels 1,260 2,457
Telephone & Subscriptions 221 319
Honorarium 1,365 150
Depreciation 1,460 -
15,724 11,859
Note 6 Management and Governance Costs
Administrative, Legal and Professional expenses 7,200 -
Independent Examiner's fee 480 480
7,680 480
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RCCG Christ Ambassadors Assembly: Reports and Accounts for the year ended 31st August, 2024 | 9 RCCG Christ Ambassadors Assembly Reports for the year ended 31st August, 2024 ## **Notes to the Accounts Cont’d** ||||**Computer &**|**Computer &**||**Furniture**|**Total**|**Total**| |---|---|---|---|---|---|---|---|---| ||||**Equipment**|||**& Fittings**||| |**Note 7**|**Note 7**|**Fixed Assets**||||||| ||||**£**|||**£**|**£**|| |||**Cost/Valuation**||||||| |||At 1st September, 2023|6300|6300||999|7299|7299| |||Additions during the Year||||||| |||Disposals|||||-|-| |||**At 31st August, 2024**|**6,300**|||**999**|**7,299**|| ||||||||-|-| |||**Depreciation**|||||-|-| |||At 1st September, 2023|||||-|-| |||Charge for the Year|1,260|||200|1,460|| |||Disposals|||||-|-| |||**At 31st August, 2024**|**1,260**|||**200**|**1,460**|| ||||||||-|-| |||Net Book Value|||||-|-| |||At 1st September, 2023|**6,300**|||**999**|**7,299**|| |||||||||| |||**At 31st August, 2024**|**5,040**|||**799**|**5,839**|| ||||||**31 Aug**|||| ||||**31 Aug 2024**|**31 Aug 2024**|**2024**|**31 Aug 2023**||| |**Note 8**|**Note 8**|**Bank Balances**||||||| |||Bank Balances|17,324|||17,156||| ||||**17,324**|||**17,156**||| |**Note 9**|**Note 9**|**Creditors & Accruals**||||||| |||Independent Examiner's fee||480||480||| ||||**480**|**480**||**480**||| RCCG Christ Ambassadors Assembly: Reports and Accounts for the year ended 31st August, 2024 | 10