## **RCCG Majesty Connections**
**Charity No. 1130159**
**Company No. 09409995**
**Trustees' Report and Unaudited Accounts**
**31 March 2025**
**RCCG Majesty Connections Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 4|
|Independent Examiner's Report|5 to 5|
|Statement of Financial Activities|6 to 6|
|Summary Income and Expenditure Account|7 to 7|
|Balance Sheet|8 to 8|
|Statement of Cash flows|9 to 9|
|Notes to the Accounts|10 to 19|
|Detailed Statement of Financial Activities|20 to 21|
Page 1
**RCCG Majesty Connections Trustees Annual Report**
The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 31 March 2025.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Company No. 09409995**
## **Charity No. 1130159**
## **Principal Office**
17 Parnell Close Chafford Hundred Grays Essex
RM16 6BQ
## **Registered Office**
17 Parnell Close
Chafford Hundred
Grays Essex RM16 6BQ
## **Directors and Trustees**
The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:
F. Adeeko
I. Azenabor
A. Oladele
## **Key Management Personnel**
General Overseer Pastor in Charge
Pastor E A Adeboye Pastor Victor Oladele
## **Accountants**
Marvelous Ventures 71 Kentlea Road Thamesmead London SE28 0JY
## **Bankers**
Barclays Bank PLC Leicester LL87 2BB
Page 2
**RCCG Majesty Connections Trustees Annual Report**
## **OBJECTIVES AND ACTIVITIES**
The charity’s purposes are the advancement of the Christian faith and the provision of charitable services for the benefit of the wider community.
To further these purposes during 2025, the charity carried out the following principal activities:
. Regular public worship, prayer meetings, Christian teaching and residential retreats
. Discipleship, pastoral care, and ministry to children, young people, and adults
. Community outreach and evangelistic activities
. The operation of Basildon Foodbank and associated support services
In planning activities, the trustees have had due regard to the Charity Commission’s guidance on public benefit.
## **ACHIEVEMENTS AND PERFORMANCE**
During 2025, the church continued to experience growth in attendance and participation, resulting in the operation of two Sunday services. Teaching, prayer (including residential retreats), and pastoral activities supported the spiritual wellbeing of members and encouraged active engagement in community life.
A significant achievement during the year was the continued development of Basildon Foodbank, which operates as a core outreach ministry of the church. The food bank expanded its operations across two sites, improving accessibility and capacity to respond to local need. The introduction of fresh food provision and the embedding of on-site financial inclusion support enhanced the quality and dignity of the service offered.
Despite challenging economic conditions and increased local demand, the charity remained operationally stable and effective in delivering both its church-based and community-facing activities.
## Public Benefit
The trustees confirm that the charity’s activities provide public benefit in accordance with Charity Commission guidance. Through worship, teaching, and pastoral care, the charity promotes spiritual wellbeing, moral development, and social responsibility. Through community outreach—particularly the operation of Basildon Foodbank—the charity relieves hardship, prevents hunger, and supports individuals and families experiencing financial difficulty.
## **FINANCIAL REVIEW**
The charity’s income is derived primarily from voluntary giving, supplemented by restricted and project-based funding linked to community outreach activities. Expenditure during the year supported ministry delivery, premises costs, staffing, and charitable projects.
The trustees are satisfied that the charity has managed its resources responsibly and operated within its financial means during the year.
## Reserves Policy
The trustees seek to maintain an appropriate level of reserves to ensure the ongoing stability of the charity and to manage financial risk. Reserves are kept under regular review, taking into account operational commitments, future plans, and external economic factors.
Page 3
**RCCG Majesty Connections Trustees Annual Report**
Principal Risks and Uncertainties
The trustees have identified the main risks facing the charity as:
. Financial sustainability in a challenging economic climate
. Pressure on premises capacity due to organisational growth . Ongoing reliance on volunteers for key activities
These risks are mitigated through prudent financial oversight, strategic planning, safeguarding and governance controls, and investment in leadership and volunteer development.
## **PLANS FOR FUTURE PERIODS**
In the coming year, the trustees intend to:
. Consolidate recent growth across church and community activities
. Continue developing Basildon Foodbank and associated support services
. Explore long-term premises solutions
. Strengthen financial sustainability and governance arrangements
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
RCCG Majesty Connections is a Christian charitable organisation operating as a local parish within the Redeemed Christian Church of God (RCCG). The charity is governed by a Board of Trustees who are responsible for setting strategic direction, ensuring compliance with charity law, safeguarding charitable assets, and overseeing financial stewardship.
Trustees meet regularly and are supported by ministry leaders, staff, and volunteers who deliver the charity’s activities. Policies relating to safeguarding, finance, risk management, and governance are reviewed periodically to ensure good practice and compliance.
The Trustees have assessed the major risks to which the church is exposed, in particular those related to the operations and finances of the church, and are satisfied that systems are in place to mitigate our exposure to the major risks.
The Trustees are responsible for keeping proper accounting records that 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 Companies Act 2006. The Trustees 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 above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
A. Oladele
Trustee
31 December 2025
Page 4
**RCCG Majesty Connections Independent Examiners Report**
## **Independent Examiner's Report to the trustees of RCCG Majesty Connections**
I report to the charity trustees on my examination of the financial statements of RCCG Majesty Connections for the year ended 31 March 2025.
## **Responsibilities and basis of report**
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of FAIA, which is one of the listed bodies.
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
- accounting records were not kept in accordance with section 386 of the 2006 Act ; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Oluyemisi Owete FAIA Marvelous Ventures
71 Kentlea Road Thamesmead London
SE28 0JY
31 December 2025
Page 5
**RCCG Majesty Connections Statement of Financial Activities**
## **for the year ended 31 March 2025**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
4
Other
5
**Total**
**Expenditure on:**
Raising funds
6
Charitable activities
7
Other
9
**Total**
Net gains on investments
**Net (expenditure)/income**
10
Transfers between funds
**Net (expenditure)/income**
**before other gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
128,068
20,424|**Restricted**
**funds**
**2025**
**£**
154,327
-|**Total funds**
**2025**
**£**
282,395
20,424|**Total funds**
**2024**
**£**
330,873
292|
|---|---|---|---|---|
||148,492
-
77,764
79,201|154,327
152,923
-
-|302,819
152,923
77,764
79,201|331,165
116,615
74,458
55,014|
||156,965
-|152,923
-|309,888
-|246,087
-|
||(8,473)
-|1,404
-|(7,069)
-|85,078
-|
||(8,473)|1,404|(7,069)|85,078|
||(8,473)
277,833|1,404
-|(7,069)
277,833|85,078
192,755|
||269,360|1,404|270,764|277,833|
Page 6
**RCCG Majesty Connections Summary Income and Expenditure Account**
## **for the year ended 31 March 2025**
|Income
**Gross income for the year**
Expenditure
Depreciation and charges for
impairment of fixed assets
**Total expenditure for the year**
Net (expenditure)/income before tax
for the year
**Net (expenditure )/income for the year**|**2025**
**£**
302,819
302,819
294,917
14,971
309,888
(7,069)
(7,069)|**2024**
**£**
331,165|
|---|---|---|
|||331,165|
|||232,342
13,745|
|||246,087|
|||85,078|
|||85,078|
Page 7
**RCCG Majesty Connections Balance Sheet**
## **at 31 March 2025**
|**Company No.**
**09409995**
**Notes**
**2025**
**£**
**Fixed assets**
Tangible assets
13
7,145
7,145
**Current assets**
Debtors
14
10,912
Cash at bank and in hand
240,736
251,648
**Creditors:**Amount falling due within one year
15
11,971
**Net current assets**
263,619
**Total assets less current liabilities**
270,764
**Net assets excluding pension asset or liability**
270,764
**Total net assets**
270,764
**The funds of the charity**
**Restricted funds**
16
Restricted income funds
1,404
1,404
**Unrestricted funds**
16
General funds
269,360
269,360
**Reserves**
16
**Total funds**
270,764|**2024**
**£**
14,781|
|---|---|
||14,781
13,286
245,787|
||259,073
3,979|
||263,052
277,833|
||277,833|
||277,833|
||-|
||-
277,833|
||277,833|
||277,833|
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 December 2025
And signed on its behalf by:
A. Oladele
Trustee
31 December 2025
Page 8
**RCCG Majesty Connections Statement of Cash flows**
**for the year ended 31 March 2025**
|**Cash flows from operating activities**
**Net (expenditure)/income per Statement of Financial Activities**
**Adjustments for:**
Depreciation of property, plant and equipment
Dividends, interest and rents from investments
Decrease/(Increase) in trade and other receivables
Decrease in trade and other payables
**Net cash (used in)/provided by operating activities**
**Cash flows from investing activities**
Payments for property, plant and equipment
Dividends, interest and rents from investments
**Net cash from/(used in) investing activities**
**Net cash from financing activities**
**Net (decrease)/increase in cash and cash equivalents**
**Cash and cash equivalents at the beginning of the year**
**Cash and cash equivalents at the end of the year**
**Components of cash and cash equivalents**
Cash and bank balances|**2025**
**£**
(7,069)
14,971
(20,424)
2,374
(7,992)
(18,140)
(7,335)
20,424
13,089
-
(5,051)
245,787
240,736
240,736
240,736|**2024**
**£**
85,078
13,745
(292)
(10,557)
(5,805)|
|---|---|---|
|||82,169
(2,042)
292|
|||(1,750)|
||||
|||-|
||||
|||80,419|
|||165,368|
|||245,787|
||||
|||245,787|
||||
|||245,787|
Page 9
**RCCG Majesty Connections Notes to the Accounts**
## **for the year ended 31 March 2025**
- 1 **Accounting policies**
## **Basis of preparation**
The financial statements 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Change in basis of accounting or to previous accounts**
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
## **Fund accounting**
- Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
- Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
- Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
## **Income**
- Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
- Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
- Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.
Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 10
**RCCG Majesty Connections Notes to the Accounts**
## **Expenditure**
- Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
- Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
- Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
- Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
- Other expenditure These are support costs not allocated to a particular activity.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Tangible fixed assets and depreciation**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
Church Equipment 25% Straight Line Motor Vehicle 25% Straight Line Furniture and Office 25% Straight Line Equipment
## **Freehold investment property**
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
## **Stocks**
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
## **Trade and other debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Page 11
**RCCG Majesty Connections Notes to the Accounts**
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
## **Trade and other creditors**
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **Research and development**
Expenditure on research and development is written off in the year in which it is incurred.
## **Foreign currencies**
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
## **Leased assets**
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
## **Pension costs**
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Page 12
**RCCG Majesty Connections Notes to the Accounts**
## **Receipt of donated goods, facilities and services**
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
## 2 **Company status**
The company is a private company limited by guarantee and consequently does not have share capital.
## 3 **Statement of Financial Activities - prior year**
|**Income and endowments from:**
Donations and legacies
Other
**Total**
**Expenditure on:**
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
4
**Income from donations and legacies**
Voluntary Donations
Foodbank Donations
National Lottery Community
Funds|**Unrestricted**
**£**
128,068
-
-
128,068|**Unrestricted**
**funds**
**2024**
**£**
113,218
292
113,510
74,458
55,014
129,472
(15,962)
(15,962)
(15,962)
192,755
176,793
**Restricted**
**£**
-
48,596
105,731
154,327|**Restricted**
**funds**
**2024**
**£**
217,655
-
217,655
21,615
95,000
116,615
101,040
101,040
101,040
-
101,040
**Total**
**2025**
**£**
128,068
48,596
105,731
282,395|**Total funds**
**2024**
**£**
330,873
292|
|---|---|---|---|---|
|||||331,165
96,073
150,014|
|||||246,087|
|||||85,078|
|||||85,078|
|||||85,078
192,755|
|||||277,833|
|||||**Total**
**2024**
**£**
113,218
111,924
105,731|
|||||330,873|
Page 13
**RCCG Majesty Connections Notes to the Accounts**
## 5 **Other income**
**----- Start of picture text -----**
Unrestricted Total Total
2025 2024
£ £ £
Other Income 20,424 20,424 292
20,424 20,424 292
**----- End of picture text -----**
|6
**Expenditure on raising funds**
_Costs of generating voluntary_
_income_
Foodbank Donations
National Lottery Community
Funds
7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Advancement of Christian
Faith
Grants made
_Governance costs_
Governance|**Restricted**
**£**
47,192
105,731
152,923
**Unrestricted**
**£**
65,747
5,576
6,441
77,764|**Total**
**2025**
**£**
47,192
105,731
152,923
**Total**
**2025**
**£**
65,747
5,576
6,441
77,764|**Total**
**2024**
**£**
21,615
95,000|
|---|---|---|---|
||||116,615|
||||**Total**
**2024**
**£**
63,182
6,736
4,540|
||||74,458|
Page 14
**RCCG Majesty Connections Notes to the Accounts**
## 8 **Analysis of grants**
|**Activity or programme**
Advancement of Christian
Faith
**Activity or programme**
Advancement of Christian
Faith
9
**Other expenditure**
Other Ministry Expenses
Employee costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
10 **Net (expenditure)/income before transfers**
This is stated after charging:
Depreciation of owned fixed assets
Independent Examiner's fee
Other fees paid to the auditor or
independent examiner|**Grants to**
**Institutions**
**£**
5,576
5,576
**Activities**
**undertaken**
**directly**
**£**
5,576
5,576
**Unrestricted**
**£**
6,709
30,673
14,971
16,676
10,172
79,201
**2025**
**£**
14,971
1,000
360|**Total**
**2025**
**£**
5,576
5,576
**Total**
**2025**
**£**
5,576
5,576
**Total**
**2025**
**£**
6,709
30,673
14,971
16,676
10,172
79,201|**Total**
**2024**
**£**
6,736|
|---|---|---|---|
||||6,736|
||||**Total**
**2024**
**£**|
||||6,736|
||||6,736|
||||**Total**
**2024**
**£**
2,934
30,914
13,745
2,268
5,153|
||||55,014|
||||**2024**
**£**
13,745
1,000
360|
Page 15
**RCCG Majesty Connections Notes to the Accounts**
## 11 **Trustee remuneration and expenses**
One or more of the trustees has been paid remuneration in the current or prior periods.
||||**Other**||
|---|---|---|---|---|
|**Trustee**|**Remuneration**|**Pension**|**benefits**||
|A. Oladele|32,500|-|-||
|||**2025**||**2024**|
|||**Number**||**Number**|
The nature of the reimbursed expenses No trustee received remuneration for acting in their capacity as a trustee during the year.
One trustee, Ajibola Oladele, is employed by the charity as Operations Manager of Basildon Foodbank and received remuneration of £32,500 during the year in respect of this employed role.
The remuneration was paid in accordance with the charity’s governing document and was approved by the non-conflicted trustees. Ajibola Oladele did not participate in any discussions or decisions relating to her remuneration.
No pension contributions or other benefits were paid in addition to the remuneration disclosed above.
## 12 **Staff costs**
|**Staff costs**|||
|---|---|---|
|Salaries and wages
Pension costs|**2025**
30,673
670
31,343|**2024**
30,914
914|
|||31,828|
Staff costs for the year were as follows: Salaries and wages £137,337 (2024: £125,914) Pension costs £– (2024: £914)
Staff costs include remuneration paid to pastoral staff and employees engaged in the delivery and management of the charity’s church and community outreach activities, including Basildon Foodbank.
The average monthly number of full time equivalent employees during the year was as follows:
|Foodbank
NEST|**2025**
**Number**
3
3|**2024**
**Number**
3|
|---|---|---|
|||3|
||||
Page 16
**RCCG Majesty Connections Notes to the Accounts**
## 13 **Tangible fixed assets**
|**Land and**
**buildings**
**£**
**Cost or revaluation**
At 1 April 2024
62,339
Additions
-
At 31 March 2025
62,339
**Depreciation and**
**impairment**
At 1 April 2024
54,134
Depreciation charge for the
year
6,234
At 31 March 2025
60,368
**Net book values**
At 31 March 2025
1,971
At 31 March 2024
8,205
14 **Debtors**
Other debtors
Prepayments and accrued income
15 **Creditors:**
amounts falling due within one year
Other taxes and social security
Other creditors|**Church**
**Equipment**
**£**
34,133
7,335
41,468
29,819
7,907
37,726
3,742
4,314|**Motor**
**Vehicle**
**£**
-
-
-
-
-
-
-
-
**2025**
**£**
10,000
912
10,912
**2025**
**£**
(14,896)
2,925
(11,971)|**Furniture**
**and Office**
**Equipment**
**£**
14,075
-
14,075
11,813
830
12,643
1,432
2,262|**Total**
**£**
110,547
7,335|
|---|---|---|---|---|
|||||117,882|
|||||95,766
14,971|
|||||110,737|
|||||7,145|
|||||14,781|
|||||**2024**
**£**
5,000
8,286|
|||||13,286|
|||||**2024**
**£**
(3,850)
(129)|
|||||(3,979)|
Page 17
**RCCG Majesty Connections Notes to the Accounts**
## 16 **Movement in funds**
|**At 1 April**
**2024**
**Restricted funds:**
**Restricted income funds:**
FoodBank
-
National Lottery Community
Fund
-
_Total_
-
**Unrestricted funds:**
**General funds**
277,833
**Total funds**
277,833
Purposes and restrictions in relation to the funds:
Restricted funds:
FoodBank
To fund foodbank cost
National Lottery Community
Fund
Salaries & Rent
17 **Analysis of net assets between funds**
Fixed assets
Net current assets
18 **Reconciliation of net debt**
Cash and cash equivalents
Net debt|**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
48,596
105,731
154,327
148,492
302,819|**Resources**
**expended**
**£**
(47,192)
(105,731)
(152,923)
(156,965)
(309,888)|**At 31**
**March**
**2025**
**£**
1,404
-|
|---|---|---|---|
||||1,404|
||||269,360|
||||270,764|
|||||
|||||
|||||
|||||
||**Unrestricted**
**funds**
**£**
7,145
203,936
211,081
**At 1 April**
**2024**
**£**|**Restricted**
**funds**
**£**
-
59,683
59,683
**Cash flows**
**£**|**Total**
**£**
7,145
263,619|
||||270,764|
||||**At 31**
**March**
**2025**
**£**|
||245,787|(5,051)|240,736|
||245,787
245,787|(5,051)
(5,051)|240,736|
||||240,736|
Page 18
**RCCG Majesty Connections Notes to the Accounts**
19 **Related party disclosures**
|**Related party disclosures**||||
|---|---|---|---|
|||**2025**|**2024**|
|**_Transactions with related_**|**_parties_**|**£**|**£**|
|_Name of related party_|Victor Oladele|||
|_Description of relationship_
_between the parties_|Victor Oladele is married to Ajibola Oladele.|||
||This is remuneration for the role as the|||
||Pastor of RCCG Majesty Connections and the|||
||Project Manager of Basildon Foodbank. In|||
||accordance with the charity’s conflict of|||
|_Description of transaction_|interest policy, Ajibola Oladele did not|||
|_and general amounts_|participate in any discussions or decisions|||
|_involved_|relating to his employment or remuneration.|||
|_Amount involved_||71,622|70,731|
|**_Controlling party_**||||
There were no loans, advances, or outstanding balances due to or from related parties at the year end
Page 19
**RCCG Majesty Connections Detailed Statement of Financial Activities**
## **for the year ended 31 March 2025**
|**Income and endowments from:**
Donations and legacies
Voluntary Donations
Foodbank Donations
National Lottery Community Funds
Other
Other Income
**Total income and endowments**
**Expenditure on:**
Costs of generating donations and
legacies
Foodbank Donations
National Lottery Community Funds
**Total of expenditure on raising**
**funds**
Charitable activities
Advancement of Christian Faith
Grants made
Governance costs
Governance
**Total of expenditure on charitable**
**activities**
Other expenditure
Other Ministry Expenses
Employee costs
Salaries/wages
General administrative costs,
including depreciation and
amortisation
Depreciation of land and
buildings|**Unrestricte**
**d funds**
**2025**
**£**
128,068
-
-
128,068
20,424
20,424
148,492
-
-
-
-
65,747
5,576
71,323
6,441
6,441
77,764
6,709
6,709
30,673
30,673
6,234|**Restricted**
**funds**
**2025**
**£**
-
48,596
105,731
154,327
-
-
154,327
47,192
105,731
152,923
152,923
-
-
-
-
-
-
-
-
-
-
-|**Total funds**
**2025**
**£**
128,068
48,596
105,731
282,395
20,424
20,424
302,819
47,192
105,731
152,923
152,923
65,747
5,576
71,323
6,441
6,441
77,764
6,709
6,709
30,673
30,673
6,234|**Total funds**
**2024**
**£**
113,218
111,924
105,731|
|---|---|---|---|---|
|||||330,873|
|||||292|
|||||292|
|||||331,165
21,615
95,000|
|||||116,615|
|||||116,615
63,182
6,736|
|||||69,918|
|||||4,540|
|||||4,540|
|||||74,458
2,934|
|||||2,934|
|||||30,914|
|||||30,914|
|||||6,234|
Page 20
## **RCCG Majesty Connections**
## **Detailed Statement of Financial Activities**
|Depreciation of Church
Equipment
Depreciation of Motor Vehicle
Depreciation of Furniture and
Office Equipment
Bank charges
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Management charges
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**
Net gains on investments
**Net (expenditure)/income**
**Net (expenditure)/income before**
**other gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|7,907
-
830
27
11,945
3
2,318
63
1,254
1,066
31,647
4,122
6,050
10,172
79,201
156,965
-
(8,473)
(8,473)
-
(8,473)
277,833
269,360|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
152,923
-
1,404
1,404
-
1,404
-
1,404|7,907
-
830
27
11,945
3
2,318
63
1,254
1,066
31,647
4,122
6,050
10,172
79,201
309,888
-
(7,069)
(7,069)
-
(7,069)
277,833
270,764|6,068
-
1,443
120
468
-
661
157
587
275|
|---|---|---|---|---|
|||||16,013|
|||||3,231
1,922|
|||||5,153|
||||||
|||||55,014|
|||||246,087
-|
|||||85,078|
|||||85,078
-|
|||||85,078|
|||||192,755|
|||||277,833|
Page 21