THE REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] WINNERS HOUSE Charity REG.No:1133141 TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024
THE REDEEMED CHRISTIAN CHURCH OF GOD. [RCCG] WINNERS HOUSE CONTENT Trustsos and Advlser8 Trustees. Report Indepondent Examlnèr'8 Roport to the Trustees Statsment of Financial A¢tlvitie8 Balance sheet Notss fomilng part of the Financlal Statement 7t017
THE REDEEMED CHRISTIAN CHURCH OF GOD- [RCCG] WINNERS HOUSE LEGAL AND ADMINISTATIVE INFORMATION Genaral overseer: E.A.Adeboye Trustees: Pastor Philip Bamgbose Pastor Dele Bakare Pastor T. Adesina Registered Office: Unit 4 Sherwood Court Thurston Road Lewisham London SE13 7SD Minister In Charge: Pastor Oladipo Eniola Charity No 1133141 Bankers Barclays Bank Lewsham High Street Lewsham London Accountsnts MOSES-BOLE&CO Certified Public Accountants and Business Chartered Management Consultants 39 St. Brelades Court Balmes Road London N15TW
RCCG WINNERS HOUSE TRUSTEES REPORT FOR THE YEAR 2024 The Trustees have pleasure in submitting their report and accounts for the year ended 31 December 2023. The financial statements have been prepared by the accounting policies set out on pages 7 to 18 and comply with the statement of Recommended Practice {FRS 102), AND THE Charity Act 2011 as amended in 2014 applicable laws. OBJECTIVE AND AcfiviTIES: The purpose of the Charity: The Principal objettive of the charity is the advancement of the Christian faith in the UK and abroad through evangelism and prayers in accordance with the teachings of the Holy Bible. The Charity is committed in caring for and loving people who are in need or in hardship conditions such as the sick, old people, and the disabled. It is also devoted to the promotion of other charitable purposes beneficial to the community. Main Activities: We give thanks to almighty God for His sustenance and protection over His church throughout year 2023. Since April 2023, the church has been meetlng together physically and also through onllne every Sunday for services till date. The church Holy communion seryice has been merged together with vlgll service every last Frlday of the month to create a special Ilme for prdyer meeting whlch now holds on every third Friday of the month. RCCG. Winners house charity still contlnue running other church programmes through on line such as digglng deep{Bible studles) every Wednesday. evenlng. Hymns service In the evening on the last Wednesday of the month whenever there Is five Wednesday in a month, while Pralse night service is on fourth Friday whenever there is five Fridays in a month. The charity cont5nues to provide counselling for the needy. married couples and slngle members that a in relationships. RCCG. Winners house is also committed to continue provldlng trainings for the new converts or believers. Thts trainlng helps new believers to grow In faith and also to know the doctrine of the church.
RCCG, winners house do Sunday sch¢x)l every Sunday morning for all age groups in the church. The church also provides house cells, sometimes called house fellowships for members to meet together in thelr various boroughs, and Invites their neighbours. so that they can learn more of God's word and pray together to meet their needs. As usual. we celebrnted Fathers day on the 16th June, 2024 and all the Fathers. potential men in the church and visiting men were lebrated In style and they did enjoyed themselves and served them wlth gifts. In the month of July RCCG. Winner5 house, engaged in fasting and prayers for a week, where we prayed for the issues affecting nations of the world. Individual Issues and church needs. This program is to help prepare the church ahead for the second half of the year. Accordlng to the strurture Sn RCCG, the Province that RCCG, Winners house belongs to organised, worker's conference themed: Good and faithful servant on the 9th September 2023. Th55 program really remlnded the thurch and everyone to remain committed and faithful In their services to God. Flnallyi the charlty organised 21 days fasting and prayer to prepare the church to end 2023 years well and to prepare the church ahead of the new year 2024 RCCG. Winners house also participated in regional conference themed: "keeping falth" on the 23rd March 2024 to help building our fatth as we look forward for the new financial year In April 2024. All these programmes has contlnued to play a b5g role in encouraging and increasing the hope of our members focusing on thrfst alone. Also, it has helped to strengthen homes, marriages and individual faith In the church. Achievements/ Developments: To the glory of God the church has continued to manage Itself through generous donations from committed members. through online seNices and through gifts alds clalm money rece6ved.RCCG. Winnets House Love outreach project, where the church cook and feed the needy In the communlty has grown more than 50 people in attendance on every second Saturday of the month. Thanks to God because more members have joined participating in the project by helping to cook. serving food. and also giving to the development of the project. To the glory of God the charities has been constsntly supporting "Compassion'UK" charlty through constant donations of money every month. Some members in the church are also donating money constantly every month to "Compassion UK" charity.
Also, the church has not stopped dolng program called 'LOVES Chrtstmas with other churches in UK. Thls speclal program was creatsd to feed one mlllion people, and to relief people from lack and povetty during Christmas periods. In 2024, December. RCCG, Winners house, distributed hundreds of boxes with several food Items to different less privile local communltles In our communitie& Challenges: The church attendance has been stable for some time now. However, the church has witnessed a slight redurtion In the attendance because of the location of the church place of worship thavs hidden In the community. Many were also not doing well with their finances because of financial hardshlp in the world. One of the blggest challenges we encountered in July 2024 was when the church bus was stolen. Then we had most of the equipments Inside the van that worth over £30.000, also stolen with the bus. This really afferted our Sunday worshlp servlce for a while but to the glory of God thlngs turned around for our good quickly. What can be achleved In 2025: The purchase of the church buSkling Ss hoplng to go through in the new year 2025. by His grace but we don't know which months. Increase In attendance could be achleved through prayers and more Impactful programs that will Increase the faith of members and increase in attendance. The charity is hoplng also to engage in more evangellsm outreach programs and thoughtful Christfan soclal responsibillty in the new borough and communlty we are goin8 to. Review of Financial Position The net incoming for the year amounted to £22,498 {the year 2023,was £18,259). All these have been unrestricted reserves, and no fu nd ts allotted to restritted projects. Principal Funding: The charity has been mainly funded through voluntary tithes and offerings by church members and through the Gift Aid Scheme. Risk Policy The Trustees have assessed the main risks to which the Charity is exposed, predominantly those relating to financial operations, and are satisfied with the risk management systems in place to mitigate any risk exposure.
srRucfuRE, GOVERNANCE & MANAGEMENT The Charity objectives, principal activities and organisation are constituted under a Trust Deed 19 July 2009. The Charity's name is registered as "The Redeemed Christian Church of God winners House" (RCCG Winners House) with a registration number of 1133141 on the central register of the Charity Commission of England and Wales. Method of Appointment or Eleclion of Trustees: The management of the charity is the responsibility of the Trustees who are elected and co-opted undertheterms of the Trust Deed. Organisational Structure and Decision-making: The church is organised so that the trustees meet regularly to manage its affairs. There is a full-time Minister and Volunteers who manage the day-to-day administration of the church. Related party Relationships: RCCG Winners House is a member of the Redeemed Christian Church of God (RCCG) which has Parishes all over the world. The relationship is governed by an Agreement for common purposes between the Parishes and RCCG. REFERENCE AND ADMINISTRATIVE DETAILS The Charity(s registered office or address of the principal office is 2 Trona Court, Sittingbourne, ME 5LD. DLJe to building challenges. we have a new place of worship address called Harris Academy, Falconwood, The Green, Welling, DA16 2PE The following are the names of all the people who atted as Charity's Trustees in the reporting period to the date the report was approved: Pastor Oladele Bakare Pastor Philip Bamgbose Pastor Theophilus Adesina Slgned: NAME..&wd.. oli(knL.64L£K4. Ignature..-..................... Signed: NAME.l.FtaPfftLilg A ..Signature.....
MOSES BOLE&CO INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE I report on the accounts of the charity for the year ended 315t December 2024, which are set out below, and notes to the financial statements on pages 7 to 17 Respertive responsibilities of Trustees and Examiners As the CharlS Trustees, you are responsible for the preparation of the accounts," you consider that an audit is not required for this year (under section 144(2) of the Charity Att 2011(the 20113rt) and that an independent examination is needed. It is my responsibility to Examine the account (under settion 145 of the Att).. follow the procedures laid down in the General Directions given by the Charity. Commission (under section 145(5) (bl of the 2011 Art and State whether particular matters have come to my attention. Basis of Independent Examinerfs report My examination was carried out in accordance with the general directions given by the Charity Commission. An examTnation includes 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 the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. Independent Examinerfs Statements In connection with the examination, no matter has come to my attention: l) Which give me reasonable cause to believe that in any material respect the requirements To keep accounting records in accordance with sertion 130 of the 2011 Act. To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met or 2) To which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached Moses O E Igunnubole, BA {HONS.J. FAI4 CPFA F Managlng Prlncipal MOSES-BOLE&CO FCPA FIC. ACA T.- Chartered Certified Forensic Account Certified Professional Accountant5/Tax vis rs and Business Chartered Management Consultants DA TE.. @3 c4-2025. M.. +44 758 407 5572 T.. +44 020 7923 4860 E: mosesbdeQaol.com W.. mog8s-bol8.corn . 39 St Bretades court, 8almes road, London, Unit8d Kingdorn, N15TW
THE REDEEMED CHRISTIAN CHURCH OF GOD[RCCG]-WINNERS HOUSE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024 Notes Unrestricted Funds Resth'cted in¢ome Funds Prior Totsl Funds Funds R•commondod categorles by a¢tlv Incoml•g res•iir¢es Income and endowments from: DoTr*ions and legacies Yotal Resource$ expended 145.121.29 145,121 29 145,121.29 145,121.29 117,187 117.187 Dire¢t Cost Suwrt Cost Govem8n¢6 Cost Total 56,504.88 63,698.70 2,420.00 122.623.58 58.504.88 63,698 70 2.420.00 122,623.68 67.050 65,975 2,420 136,446 N•t ¥•m•t In funds 22A97.71 22,497.71 18.259 Re¢ooclllatlon of funds: Total fvnds brought fotward 444133.00 444133.00 462,392 Total lund$ carrfed lonvard 466,630.71 466,630.71 444.133
THE REDEEMED CHRISTIAN CHURCH OF GOD[RCCG].WINNERS HOUSE BALANCE SHEET AS AT 31ST DECEMBER 2024 Notes Unrestricted Funds Restricted income Funds Total Last Year Total Funds Fixed assets Tangible assets Total fixed assets 74,373.65 74,373.65 Current assets Debtors Cash at bank and in hand Total current assets 74,373.65 74,273.65 4,037 4,037 11 419,599.56 419,599.56 17,500 425,018 442,516 419,599.56 419,599.56 Creditors-. amounts falling due wtthin one year Net current assetsl(liabilities) 27,342.50 27,342.50 2,420 Total assets less current liabilith'es 392,257.06 392,257.06 440,096 Creditors." amounts falling due after one year Provisions for liabilities 466,630.71 466,630.71 444,133 Total net assets or liabilities Funds of the Charity Unr&slricted funds Total funds 466.630.71 466,630.71 444,133 466,630.71 466,630.71 466,630.71 466,630.71 444,133 444.133 Signed by one or trustees on behalf of all the trustees-. Signature.. Print Name.. Date ofapproval.. Q5- ()F -
THE REDEEMED CHRISTIAN CHURCH OF GOD[RCCGJ.WINNERS HOUSE NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Note 1 Basls of proparation 1.1 Basls of accounting These accounts have been prepared under Ihe historical cost convention with items recognised at cost or transaction value unless othetwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Inland IFRS102) issu&d on 16 July 2014 and with the Charities Acts 2011 and the Charity constitutes a publi¢ benefit as defined by FRS 102 1.2 Going concern Considering the level of steadlevel of increase in incomlng resources of the Charity and stead number of members. the accounting is preparnd based on going concem. 1.3 Change of accounting policy The accounts present a true and fair view and the accounting policies adopted ar8 those Outlined in the note with no change in policy 1A Chan9es to accounting estimatOS No changes to accoLrn*tng estimates have OCrred in the reporting period (3 46 FRS 102 SORPI. 1.5 Material prior year orrow• No material prior year error have been idents'fied in the reportsng period {3.47 FRS 102 SORP)
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE ACCOUNTS FOR CONTINUED HE YEAR ENDED 31ST DECEMBER 2024 Note 2 Accountln oll¢lè$ Please complete this note when first reporting under FRS2102. Section 35 of FRS102, qUireS 3 reconciliations to be presented, if all are applicable. 2.1 RECONCILIATION WITH PRevious GENERALLY ACCEPTED ACCOUNTING PRACTICE There is no change in accounting policy in this period 22 INCOME This standard list of accounting policies has been applied by the chanty except for those ticked No or Nla" Where a different or addikn'onal policy has been adopted then this is detailed in the box below. Recognltion ol income These are included in thg Statement of Financi81 Activities {SoFAI when.. the charity becomes entitled to the resou8,. it is more likely than not that the trustees will receive the resOurS,. and the monetary value can b8 measured with sufficient reliability. Offs•ttln9 There is no legacy received during this period. Grants and donatlons Grants and donations are only included in the SOFA when the general income recognition criteria are met15.10 to 5.12 FRS 102 SORPI. In the case of perfom7ance related grants, income must onty be recognised lo the extent that the charity has provided the spgcifted goods or services as entitlement to the grant only occurs when the perform8nce related conditions are mel15.16 FRS 102 SORPI. Lega¢le¥ There is no legacy received during this period. Govarnment grants No government grant was received during this period. Tax reclaims on donatlons and 9lfts Gift Aid re)Vable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation Is considered lo be part of that gift and is treated as an addition lo the same fund as the initial donation untess the donor or the tenT)s of the appeal have specrfied otherwise. Contractual Income and perfornianc• r•lated grants This is not applicable Donated goods There is no donated good.
Donated s•rvlc•s and facllltl•s DoTratsd services and facilities are included in the SOFA vrt)en received at the value of tho gift lo the charty provided the value of the grfi can be measured reliably. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. Support costs The charity has incurred expenditure on $upport costs. Provlsions for Ilabllltles A liability is measured on recognition al its historical cost and then subsequently meaSud at the bgst estimate of the amount required to settle the obligation at the reporting date 2.3 ASSETS Tanglble fixod assets for use by charlty These are capitalised if they can be used for more than one ygar, and cost al least They are valued at cost. The depreciation rates and methods used are disclosed in nots 14. Intanglble Ilx•d assots The charity has intangible fLxed assets, that is. non-monetary assets that do not have physical substance but identifiable and are controlled by the charity through custody or legal rights. The amort(salion rates and methods used arg disc195ed in note 15 They aré v81ued al cost D•btors Debtors {including trade debtors and loans re¢eivable) are measured on initial recognition at selllement amount after any trade discounts or amount advanced by the charity. SL+b$equently, they are measured at the cash or other consideration expected to be received. Current assot Inve¥tments The charity has has inveslmgnls which il holds for resale or pending their sal8 and cash and cash equivalents wth a malurily date less than one year. These include cash on deposit and cash equivalents with a m8lurity dale of less than one year held for investment purposes rather than to meet short term cash commitments as they f811 due. They are valued al fair value except where they qualfy as basic financial instruments.
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE ACCOUNTS CONTINUED Mote 3 FOR THE YEAR ENDED 31ST DECEMBER 2024 Analysjs of Incpm• Analysls Restrlctgd Unrastrlcted Income Funds Funds Prior year Fund$ Total Funds Donath)n$ and logacl•$: Donations and gifts Gift Aid Building Total 97,137.86 30,155.06 17,828.37 145,121.29 97,137.86 30,155.06 77,828.37 145,121.29 106,594 10,593 117,187 TOTAL INCOME 145,121.29 146.121.29 Othv lknforniotlon: 117,187 All Incomo In the Prf•r y•ar wa8 uMre¥trktsd. Thorè wa8 no amy èndowment fund coTrv•rt•d Into Jnctym• In thg WPOrtthg perlod. Ineludlng the yoar.there was nbsterfal Ineonw ttem8 thIn th• ahovo that reqwlr di5cJD$uro of Its natre aDd amount 10
THE REDEEMED CHRISTIAN CHURCH OF GOD.WINNERS HOUSE NofES TO THE ACCOUNTS CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2024 A}Y•l5 ol •xp•ndIr• Atta1• of •xpehditur• OIRECT COST Wortu EvangeNsm mis0n WeKar& & Thath91vg stends1Wan(esIS8lart$S Ghw NighVCoTrfgw¢e6 Ev8nge1M ChildrgnifwawYouW Mus conferen Expens05 Sunday Exp$. PAYE a NIC & PensKin ResM¢ted Unresbt•d lfjcome EndOn•1 Fun Funds Funds Tot1 Fvnd year Fund8 8,859.29 1.782. 8.509 80 21,809.76 2,870. 170 00 733.82 4.278.09 480 00 7,234 32 56,JOQ8U 8.859 29 1,762. 8,509.60 21.809 76 2,670.00 170.W) 733 82 4,276.09 16.981 1.350 6,432 21.305 1.716 SUPPORT COSY Grfts. thnations & HospR81ty ranng PerTNiOn Exws95 Pnnhng. Postage ar¥JstsIary Légal ExnSe ¢3Th1n9 Exp8lls65 Ifjstsran¢L¢eS Travei Expens8s CDmpulsrcosV ank Char9a Refrgshmeni arf Entert81nWI OepretsioTr Church Rènt Advwtrsement Grft-AidsAdministrabvq ¢051 Rgnt- VehIe Running Ekpens&s RgpaKs& Mairfgn8nCg 7.234 33 7.234 7,473.85 7.473.85 4,857 7.827 1.358 125 125.00 975.00 1.328.65 B.581.50 120 00 289.L 225. 3.181.21 12,992. 485 3.317 08 20,337.36 3.41755 489 OD 63,698.70 975 OD 1.328.65 8,58150 120.C 289.06 225 3.18121 12,992.96 2.331 612 1,995 14.502 3.3171 20.337 36 3,417.55 489. 63,598.70 20.337 TOTAL FXPENDIYURE 66.976 120203.68
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE ACCOUNTS Note S D¢tall$ of ¢8rtaln Items ol •xpendlture 5.7 Fees ft)r examlnation of the accounts Please provide details of the amount pald for any slatulory extemal scrutiny of accounts and other servlces provlded by your independent examiner. If nothing wa8 pard please enler'o, in the appropriate box(es). GOVERNANCE COST Indep8ndent examinerfs fees CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2024 Th18 Year Last Ygar other fees (for example". fin8neial advtce. consultancy. accountancy $ervlces)- paid to the independent examiner 510.00 510.00 1,910.00 1.910.00 2,420.00 2,420.00 12
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE ACCOUNTS CONTINUED Noto 6 Pald omployees FOR THE YEAR ENDED 31ST DECEMBER 2024 Please complete this note if the charity has any employees. 6.1 Staff Costs This Year Last Year Salaries and wages Social security costs Pension costs {defined Other employee benefits Total staff costs 21,809.76 21,305 21,809.76 Please provide details of expenditure on staff working for the charity whose contract$ are with and are paid by a related party 21,305 Please give detsils of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter'true. in the box provided. No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000 Band £80,000 to £69,999 £70.000 to £79.999 £80,000 to £89,999 £90.000 to £99,999 £100.000 to Numbgr of employees Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity 6.2 Avgrage head count in the year This Year Number Last Year Number The parts of the charity in which the employees worf( Fundraising Charitsble Activities Governance Other TOTAL 13
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE ACCOUNTS CONTINUED Note 7 FOR THE YEAR ENDED 31ST DECEMBER 2024 Tangible fixed assets Freehold land & bulldings machinery Flxtures, Computer & motor vehicles rittings & equlpment At the beginning ot the year Additions Totsl 4,500.00 45,040.48 49,540.48 64,830.00 Revaluations 8,687.71 73.517.71 Disposals Transfer5 ' (Add or Deduct) At end of the year 64,830.00 7.2 Depreciation and impalrments "Basls Freehold Propety Motor Vehicle Fixtures & Fittings Church Equipment Computsr Equipment At bÈginning of the year DepCiatIon At end ofthe year 4,500.00 53,728.19 123,058.19 Nil 25% 25Y. 25Y. 20Yo Reducing Balance Reducing Balance Reducing Balance Reducing Balance Rate 4,255.28 41,248.05 81.18 3,120.03 4,316.46 44,368.08 45,503.33 3,181.21 48,684.54 7.3 Net book value Net book value at the beginning of the Yr. Net book value at the end of the year 7.4 Impainnent Please provide a description of the events and circumstances that led to the recognition or reversal of an impaimient loss. 64.830.00 244.72 183.54 3,792.43 9.360.11 4,037.15 74.373.65 7.5 Revaluation An accounting policy of revaluation is not adopted during this accounting period.. the effective date of the revaluation - NIA the name of independent valuer, if applicable - NIA the methocls applied and significant assumptions = NIA the carrying amount that would have been recognised had the assets been carried under the cost model. 14
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE ACCOUNTS CONTINUED Note 8 FOR THE YEAR ENDED 31ST DECEMBER 2024 Debtors and prepayments Please complete this note if the charity has any debtors or prepayments. 8.1 Analysls of debtors Thls Year Last Year Trade debtors Prepayments and accrued income Other debtors Total 17,500 17.500 15
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE ACCOUNTS Note 9 crltOrS and accruals Please complete this note if the charity has any creditors or accruals. 9.1 Anatysls of crodltors CONTINUED FOR THE YEAR ENDED 31ST DECEMBER 2024 Amounts falling due Prevlous year ¥Mlhin one year Amoun18 falling due after more than one year Accwals and deferred income Other Sundry Creditors Total 2,342.50 25,000.00 27.342.50 2.420 2,420
THE REDEEMED CHRISTIAN CHURCH OF GOD-WINNERS HOUSE NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST DECEMBER 2024 Note 10 Cash at bank and In hand Thls Year Main Current Account Deposit Account Total Last Year 42,025.86 377,573.70 419,599.56 192,377 232,639 425,016 17