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2024-09-30-accounts

REGISTERED COMPANY NUMBER: 07006734 (England and Wales) REGISTERED CHARITY NUMBER: 1132368

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 30 September 2024

for The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) (A Company Limited by Guarantee)

Alb Peterson 7 Tomlins Orchard Hardwick Street Barking IG11 7LP

The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath)

Contents of the Financial Statements
for the Year Ended 30 September 2024
Page
Report of the Trustees 1 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 14
Detailed Statement of Financial Activities 15 to 16

The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Report of the Trustees for the Year Ended 30 September 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 30 September 2024. The trustees have adopted the provisions of 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).

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

07006734 (England and Wales)

Registered Charity number

1132368

Registered office

First Floor 168 High Road Chadwell Health Romford RM6 6LU

Trustees

Pastor Mutia Oladimeji Kuku Pastor Oyeyemi Kuku Atinuke Ekundayo-Kehinde Adejoke Olubodun-Niyi

REFERENCE AND ADMINISTRATIVE DETAILS Company Secretary

Independent Examiner

Alb Peterson 7 Tomlins Orchard Hardwick Street Barking IG11 7LP

Page 1

The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Report of the Trustees for the Year Ended 30 September 2024

OBJECTIVES AND ACTIVITIES

Some community-based engagements of RCCG Rock of Redemption.

We have some programmes aimed at reaching out to the immediate community these include;

Africa Unite Against Child Abuse (AUACA)

This is a non-government organisation that we work with by holding periodic seminars in the church for their farreaching cardinal programmes that are helping to shape the lives of African children in the UK and also helping Parents in their response to the peculiar problems of raising their children in the United Kingdom. Their work includes;

Widows Rendezvous

Widows are also part of the people we are seriously concerned about reaching out to and helping. This is a major area of our engagements within the community anchored by one of our ministers who herself is a widow; the aim is to empower widows from all works of life within and outside the UK so as not to be a burden on the state and their families. Talks and workshops are held regularly with an annual main programme where they welcome new members and showcase what the old ones have done with their lives despite their situations to encourage new ones to become positive influences both to their children, in their families and the society.

Back to school

This is a particular passion of our Senior Pastor, who realised some years ago that, the church needs to assist the parents after the summer holidays by giving out free school materials like books, pens and bags and so forth to alleviate their financial burdens after spending to take their children on holidays and buying them stuff. Parents and children alike look forward to this day at the end of summer because it's usually a fun-filled environment where they will be treated with food, drinks and ice cream and after all go home with wonderful grits towards their return to classes.

Drugs and Alcohol Consult

This was aimed at reaching out to those with drug and alcohol problems, for advice and to create an environment where they can liaise together with those in their shoes and who are also trying to be clean. This programme is currently on hold for a while because of Funds, required expertise/staff and government regulations. The trustees are looking for help in this area because of its great impact on the community and our experience when it was piloted in Camberwell SE5.

Tea Time

With the help of volunteers, the church offers tea, coffee, sandwiches and cookies to those that want on Sundays, where anyone can come into a cosy environment and chat over tea or coffee

Page 2

The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Report of the Trustees for the Year Ended 30 September 2024

Youth and Children's Day

This programme is aimed at developing youth and children in the community. Children from different backgrounds come together to show their talents through different presentations, drama, singing, dancing, etc. Parents and children look forward to this day every year because it's usually a fun-filled environment where they eat and drink, have ice cream, and go home with wonderful gifts.

Food and Clothe Bank

This was previously a yearly programme for the less privileged, during the Christmas period but it’s now a monthly . programme where food and clothes hampers are given to old people’s homes, jobless, and homeless every month.

Counselling

We offer free counselling services to the community. Book in counselling from Monday to Friday, and drop in sections on Sundays.

Women Forum

Workshops and Seminars targeted at empowering women in the community. The Healthy Eating and Healthy Living workshop teaches women the benefits of healthy eating and living. Art and Craft workshops are learning flower arrangement and homemaking.

Health and Safety Awareness Day

This is a community awareness programme which has received positive feedback. The church works with the Police, NHS, Fire Brigade and other professionals for the programme. It's aimed at enlightening the community about different information and opportunities available to them. Different speakers, including doctors, nurses, police officers, and fire brigade officials, come together to educate and make information available. There is also an opportunity for people to have a free check of their BMI, Blood Pressure, and check their Body Fat Percentage.

Page 4

The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Report of the Trustees for the Year Ended 30 September 2024

OBJECTIVES AND ACTIVITIES ROBOJAM

The church facilitates free Computer Training for people from far and near our premises. This also includes free coding classes and building robots for children between the age of 8 -15years

Family Talks

Another community project that has gained popularity from the cradle of our senior pastor; Philip King-Yombo is the family talk slated for the third Sunday of every month. This is a forum where issues that bother on the home, parenting, family finance, in-laws, friends etc. are laid bare and discussed, questions relating to the subject of discussions are presented and experienced members of the community, pastors and elderly people are always on hand to proffer solutions to these challenges This programme has so much gained relevance that the church has recorded steady rise in attendance on these Sundays because it is cross-cultural, cross-denominational, non-biased and plain truth are presented where attendees are equally encouraged to open-up their issues as objectively as they can.

Page 4

The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Report of the Trustees for the Year Ended 30 September 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 10/01/2025 and signed on its behalf by:

........................................................................ Pastor Oyeyemi Kuku - Trustee

Page 6

Independent Examiner's Report to the Trustees of The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath)

Independent examiner's report to the trustees of The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 September 2024.

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 accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company 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 accounts 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

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  3. the accounts 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 accounts to be reached.

Liljana Peterson FMAAT Alb Peterson 7 Tomlins Orchard Hardwick Street Barking IG11 7LP

Date: 13/01/2025

Page 7

The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Statement of Financial Activities for the Year Ended 30 September 2024

30.9.24 30.9.23
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 95,621 70,815
Total 95,621 70,815
EXPENDITURE ON
Charitable activities
Charitable activities 28,572 22,591
Support Cost 50,466 33,233
Finance Charges 900 680
Governance expenses 12,160 1,450
Other 15,344 15,550
Total 107,442 73,504
NET INCOME (11,821) (2,689)
RECONCILIATION OF FUNDS
Total funds brought forward 27,217 29,906
TOTAL FUNDS CARRIED FORWARD 15,396 27,217

The notes form part of these financial statements

Page 8

The Redeemed Christian Church Of God The Redeemed Christian Church Of God The Redeemed Christian Church Of God
(Rock of Redemption (Apata Irapada) (Rock of Redemption (Apata Irapada)
Chadwell Heath)
Balance Sheet
30 September 2024
30.9.24 30.9.23
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets 5 5 27,958 41,072
CURRENT ASSETS
Debtors 6 6 2000 2,000
Cash in hand 3,543 4,990
5,543 6,990
CREDITORS
Amounts falling due within one year 7 7 -
NET CURRENT ASSETS 5,543 6,990
TOTAL ASSETS LESS CURRENT LIABILITIES 33,501 48,062
CREDITORS
Amounts falling due after more than one year 8 8 (18,105) (20,845)
NET ASSETS 15,396 27,217
FUNDS 10
Unrestricted funds 15,396 27,217
TOTAL FUNDS 15,396 27,217

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small company’s regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 10/01/2025 and were signed on its behalf by:

.............................................

Trustee Pastor Oyeyemi Kuku

The notes form part of these financial statements

Page 9

The Redeemed Christian Church Of God

(Rock of Redemption (Apata Irapada) Chadwell Heath)

Notes to the Financial Statements for the Year Ended 30 September 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

2. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

30.9.24 30.9.23
£ £
Auditors' remuneration for non audit work 2,002 1,450
Depreciation - owned assets 15,158 15,550

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 30 September 2024 nor for the year ended 30 September 2023

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 September 2024 nor for the year ended 30 September 2023.

Page 10

continued...

The Redeemed Christian Church Of God The Redeemed Christian Church Of God The Redeemed Christian Church Of God
(Rock of Redemption (Apata Irapada)
Chadwell Heath)
Notes to the Financial Statements-continued
for the Year Ended 30 September 2024
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 95,621
Other income -
Total 95,621
EXPENDITURE ON
Charitable activities
Charitable activities 28,572
Support Cost 62,626
Finance Charges 900
Governance expenses 15,344
Total 107,442
NET INCOME (11,821)
RECONCILIATION OF FUNDS
Total funds brought forward 27,217
TOTAL FUNDS CARRIED FORWARD 15,396
5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold
property
machinery
£ £ £
COST
At 1 October 2023 12,500 8,579 44,051
Additions - - -
At 30 September 2024 12,500 8,579 44,051
DEPRECIATION
At 1 October 2023 - 1,716 35,892
Charge for year - 1,716 8,158
At 30 September 2024 - 3,432 44,050
NET BOOK VALUE
At 30 September 2024 12,500 5,147 1
At 30 September 2023 12,500 6,863 8,159

Page 11

continued...

The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Notes to the Financial Statements - continued for the Year Ended 30 September 2024

5. TANGIBLE FIXED ASSETS - continued

5. TANGIBLE FIXED ASSETS - continued
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 October 2023 16,248 8,871 90,249
Additions - 2,230 2,230
At 30 September 2024 16,248 11,101 92,479
DEPRECIATION
At 1 October 2023 8,343 3,226 49,177
Charge for year 3,250 2,220 15,344
At 30 September 2024 11,593 5,446 64,521
NET BOOK VALUE
At 30 September 2024 4,655 5,,655 27,958
At 30 September 2023 7,905 5,645 41,072
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Other debtors 2,000 2,000
7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£ £
Other creditors - -
8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£ £
Bank loans (see note 9) 18,105 20,845
9. LOANS
An analysis of the maturity of loans is given below:
30.9.24 30.9.23
£ £
Amounts falling due between two and five years:
Bank loans - 2-5 years 18,105 20,845
10. MOVEMENT IN FUNDS
Net
At movement At
1.10.23 in funds 30.9.24
£ £ £
Unrestricted funds
General fund 27,217 (11,821) 15,396
TOTAL FUNDS 27,217 (11,821) 15,396

Page 12 continued...

The Redeemed Christian Church Of God

(Rock of Redemption (Apata Irapada) Chadwell Heath) Notes to the Financial Statements - continued for the Year Ended 30 September 2024

10. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 95,621 (107,442) (11,821)
TOTAL FUNDS 95,621 (107,442) (11,821)

Comparatives for movement in funds

Unrestricted funds
General fund
TOTAL FUNDS
Net
At
movement
At
1.10.22
in funds
30.9.23
£
£
£
29,906
(2,689)
27,217
29,906
(2,689)
27,217
Net
At
movement
At
1.10.22
in funds
30.9.23
£
£
£
29,906
(2,689)
27,217
29,906
(2,689)
27,217
27,217

Comparative net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 70,815 (73,504) (2,689)
TOTAL FUNDS 70,815 (73,504) (2,689)

A current year 12 months and prior year 12 months combined position is as follows:

Net
At movement At
1.10.2022 in funds 30.9.24
£ £ £
Unrestricted funds
General fund 29,906 (14,510) 15,396
TOTAL FUNDS 29,906 (14,510) 15,396

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 166,436 (180,946) (14,510)
TOTAL FUNDS 166,436 (180,946) (14,510)

Page 13 continued...

The Redeemed Christian Church Of God (Rock of Redemption (Apata Irapada) Chadwell Heath) Notes to the Financial Statements - continued for the Year Ended 30 September 2024

11. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 30 September 2024

Page 14

INCOME AND ENDOWMENTS
Donations and legacies
Tithers
Gift aid
Grants
Other income
Interest Received
Total incoming resources
EXPENDITURE
Charitable activities
Ministry Expenses
Musicians
Honorarium
Welfare
Gifts to Parishioners
Central Office
WEM
Books
Advertising
Sunday Schools
Evangelism and Special Events
Media
Other
Plant and machinery
Fixtures and fittings
Computer equipment
Improvements to property
Support costs
Management
Rent and rates
Insurance
Telephone
Postage and stationery
Sundries
Motor Vehicle Expenses
Equipment Expenses
Travelling
Repairs
Training
Finance
Bank charges
The Redeemed Christian Church Of God
(Rock of Redemption (Apata Irapada)
Chadwell Heath)
Detailed Statement of Financial Activities
for the Year Ended 30 September 2024
30.9.24
30.9.23
£
£
82,490
58,356
13,131
12,459
-
-
95,621
70,815
-
-
95,621
70,815
9,269
8,767
635
950
3,430
1,050
2,620
2,885
502
554
300
507
1,200
1,200
380
355
107
-
240
794
7,962
3,949
1,927
1,580
28,572
22,591
8,158
8,810
3,250
2,220
1,716
3,250
1,774
1,716
15,344
15,550
35,316
26,500
1,101
1,105
542
585
1,294
706
-
110
3,395
2,649
1,763
174
4,115
579
2,190
750
550
275
50,466
33,233
900
680

This page does not form part of the statutory financial statements

Page 15

Finance
Governance costs
Auditors' remuneration for non-audit
Legal fees
Total resources expended
Net income
The Redeemed Christian Church Of God
(Rock of Redemption (Apata Irapada)
Chadwell Heath)
Detailed Statement of Financial Activities
for the Year Ended 30 September 2024
30.9.24
30.9.23
£
£
work
2,002
1,450
10,158
-
12,160
1,450
107,442
73,504
(11,821)
(2,689)

This page does not form part of the statutory financial statements

Page 16