REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE-SOUTHAMPTON CHARITY NUMBER 1133816 ANNUAL ACCOUNTS AND REPORTS FOR THE YEAR 2025
REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE- SOUTHAMPTON FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS PAGES I. CHARITY INFORMATION 2. ACCOUNTANT'S REPORT 3. REPORT OF THE TRUSTEES 4. BALANCE SHEET 5. INCOME AND EXPENDITURE ACCOUNT 6. NOTES TO THE ACCOUNTS
REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE-SOUTHAMPTON CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2025 CHARITY NO.: 1133816 REGISTERED OFFICE: 21125 St Marys Place Southampton S014 3HY BANKER LLOYDS TSB ACCOUNTANTS: TMA Associates Ltd Accountants & Tax Consultants 85 Great Portland Street London. WIW 7LT Page I
ACCOUNTANTS, REPORT TO THE TRUSTEES OF REDEEMED CHRISTIAN CItURCH OF GOD HOLY GHOST ZONE -SOUTHAMPTON FOR THE YEAR ENDED 31 MARCH 2025 We have examined the financial statements on pages 5 to 6 which have been prepared under the accounting policies set out on page 4 for the year ended 31 March 2025. Res ective res onsibilities of Trustees and Examiner The Trustees are responsible for the Preparation of accounts, and they consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed. It is our responsibility to examine the accounts (under section 43{3)(a) of the 1993 Act); to follow the procedures laid down in the General Directions given by the Charlty Commissioners (under section 43(7)(b) of the 1993 Act). and to state whether particular matters have come to my attention. Basis of O inion We conducted our exarnination in accordance with the General Directions given by the chlty 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. inion In connection with the examination, no matter has come to my attention: _ which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 4 lof the 1993 Act. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act. liavc iiot bccii mct" or to which, in my opiniofy attention should be drawn in order to enable a proper understanding of the accounts to be reached. TMA ASSOCIATES LTD ACCOUNTANTS & TAX CONSULTANTS 85 GREAT PORTLAIYD STRFFT LONDON WIW 7LT Page 2
REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE-SOUTHAMPTON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MIIRCH 2025 The TnteeS present their report along with the financial statements of the charity for the year ended 31" March 2025. The financial statements have been prepared in accordance with the accounting lIcIeS set out on page 4 and comply with the charity's trust deed and applicable below. Constitution and ob ects Redeemed Christian Church of God, Holy Ghost Zone - Southampton is constituted under a trust deed and is a registered charity number 1133816. The objects of the charity are worshipping of God, Spreading the word and preaching the Gospel of Christ and the life after life. To contribute to the health and educational needs of the community. anisation The trustees who have served during the year and since the year end are set out below: _ Mrs Olabisi Oluwakemi Abu Mr Frank Abu Mrs Ubong Matthias Uttah Mrs Anietie Joseph-Aninmadu Reserves Poli It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months unrestrictcd cxpcnditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year. Risk Mana ement The Trustees have examined the major strategic, business and operational risks which the charity faces and confirn] that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks. Page 3
REDEEMED CHRISTIAN CHURCH OF GOD HOLY GHOST ZONE-SOUTHAMPTON REPORT OF THE TRUSTEES CONTD. FOR THE YEAR ENDED 31 MARCH 2025 Trustees, res onsibilities ID relation to the financial statements Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. which give a true and fair view of the charity's financial activities during the year and of its fmancial position at the end of the year. In preparing those fmancial statements, the trustees are required to: _ Select suitsble accounting FK)licies and then apply them consistently: Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the fllkgncial statements; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping accounting records which disclose with r¢asonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the &ssets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by the teeS and signed on their behalf by: Date....- Page 4
REDEE LYGH STATE FOR TH cuRc OF THAMPTON IAL ACTIVITIES 31 CH2 25 ST OF AN YEAR ENDE Fun und 25 1124 Incoming resources from donors Other incoming resourS 307.628 307.628 291.632 TOTAL INCOMIIYG RESOURCES RESOURCF.S EXPENDED Costs of generating funds Missionary and Charitable giving Activities dIrdY relating to the work of the ¢hur¢h Church management and administration 1.780 1,780 830 3b 63.478 63.478 101,646 T(yfAL RESOURCES EXPENDED NET INCOMtNG/(OUTGofNG) RESOURCFS GAINS AND LOSSES ON tNVESTrrfENTS 88,790 88,790 49,119 NET MOVEMENT IN FUNDS Page 5
REDEE CHURCH OF GOD HOL GHOST ZONE - SOUT BALANCE SHEET AS AT 31 MARCH 2 024 Tangibl¢ Assets 894,446 473.874 Debtors & Prepaym¢nts Banklcash Bajanccs Development Trund Ac(x)unt Charity Account 64.918 3,711 1.013 76.461 156.649 3.152 69.676 241,720 Creditors and Accruals Loan I Loan 2 - Bounced Back Loan Loan 3 208.134 12.021 217.375 21.637 392,517 239.012 Accumulated Funds Net movement in funds- Unrestricled funds Nel movement in funds- Restricted funds Accumulate41 Funds CIF 466,147 88,790 417.028 49.119 APPROVED BY THE BOARD OFTRUSTEESON......................................................... AND SlfNF.T) nN THF.tIi RF.HAI.F RV: ... Si8n¢d .................... Thc notes on pages 7 to 9 forn] part of th¢s¢ financial slatements Page 6
REDE MED HOLY GHOST ZONE- SO NOTES TO THE A OUNT OR THE YEAR ENDED 31 MARCH 202 CH GOD TON TIN LICIE . The accounts are pPared under the hlstorical L¥)st lY>nVti0n with the exception of inVestmts which are stated at market value. Th¢y comply with the r4uirements of Slatemfflt of Re0)mmdj PrxtiL 'Accounting Charities, ('SORP') and are in accordance with appIlLle )unting standards. b. General acGumulated funds are unrestricted fimd5 avaiIabl¢ to the churth foT ts gffaI purwses and include funds designated by the Church for a partiwlar purpos4 the us¢ of such d¢signated fid5 remains at the dis¢retion of th¢ chU'S Truste¢s. There is no Restricted Fund at the moment d. The governance, man8gement and administration expens&8 rew)rtcd in no 3 rel to the whole of the Church's a¢tivities and a proportion of thcse ch8Tges are allocat1 to expditUre he&lings on a basls consisknt with the use of the resour. & Invaslments are stated at market value. It is the Church's policy to keq) valuations up to dats such th* when invesiments are sold there is no gain or k)ss arising to previous yeaTS. f. Tangible assets are included at cost and deprlatiOft ts providol on a straight line basis, in order kn write off the assets over their useful lives. All expenditur¢ is aLYounted for on an Ac£rual B&8iS. The depreciation rates are Is follows: Motor Vehicle Building Improvement Recording F4uipment Musical Equipment Computer and oifi¢Y Equipment Fithres and Fittings 200/0 10/0 IOQ/o Collection App¥al Renlal Inwme Other Income HMRC JRS Grant Building Project Fund Gift Aid TOTAL INCOMIIYG RESOURCES 71,766 71,766 94,J2 I 2,550 8,808 79.486 IU4,01SY 28,456 10,260 94.J2J 2.550 8.808 32.300 97,683 32,300 15.786 52.955 P•ge 7
THE REDEEME OLY GHOST Z NOTES TO THE FINANCIAL ATEMEIYVS FOR THE YEAR ENDED 31 MARCH 202 CH NTD. 024 3. RESOiIRCES EXPENDED Miysiopwy andcharttable giving.. 78 3b. Acliviti&Y knrecdy Telating lo ihe work ofd* Church Church_ rnnning expo)ses Church maintenance Training conferences and mecting Expenditure on p)arish magazine and bookstsll Evangelism Welfare 16.426 3.479 13J02 684 12,460 16,426 3.479 13.302 684 12.460 17.127 30,401 32.912 3,503 1,059 14.073 478 Church managemenl and(thiniitration Administralion Bank Charges Loan Interest Arrangement Fees 138.423 87 15,070 138,423 131,498 87 15,070 8.537 TOTAL RESOURCES EXPENDED At l April 2024 Addition At 31 M8r¢h 2025 465,505 16,272 1,099 22,896 424.516 25.070 4.500 1,000 536.342 424,516 At l April 2024 Charge for the year At 31 March 2025 16270 756 43 21.502 1,394 18.440 1507 4,51)0 1.000 62,468 3.944 At 31 March 2025 At 31 March 2024 Page 8
OF HOLY OST NE . SOUTHAPT0N NOTES TO THE FINAN IAL STA ONTD. OR THE YFAR ETSD D31MAY2 OD ORS AND P Debtors and Prepayment 64,918 76.461 Other Creditors and AeAfuals 16.668 10,435 P&stors Allowanrxs / Wages 59,000 57,417 No employee received remuneration amounting to rn0 than £60,000 in the year. Unrestricted funds compri$¢ those funds whith the lJusttts are free to use in (OrdanCe with the charitable objectives. Restrict funds comprise those funds which the trustees are obliged to spend only on particu18r purposes set out by the donor or in an appeal documertt This is an UnInrpOratO1 charity, constituteA by trust deed. IVS principal obie(*ive is spre&lin8 the word and pre¥hing the Gospel of Christ and the life after life. To contribute to the health 8nd ucational needs of the comrnunity. It prepar¢s its Unts in w)rdance wrth the SORP and with applicable aLixiunting stsndards. Page 9