Charity number: 1134321
THE REDEEMED CHRISTIAN CHURCH OF GOD, TRIUMPHANT CHRISTIAN CONNECTIONS DIRECTOR'S REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024
Seniguk Consulting ltd Harlow Enterprise Hub Harlow Essex CM20 2NQ
THE REDEEMED CHRISTIAN CHURCH OF GOD, TRIUMPHANT CHRISTIAN CONNECTIONS Contents
| Page | |
|---|---|
| Charity Information | 1 |
| Report of the Trustees | 2 – 3 |
| Accountants' Report | 4 |
| Income and Expenditure Account | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Income and Expenditure Account | 8 |
THE REDEEMED CHRISTIAN CHURCH OF GOD, TRIUMPHANT CHRISTIAN CONNECTIONS Charity Information For The Year Ended 30 June 2024
Trustees Zacchaeus Aju Arinola Agbede Janet Akinwale Angela Osunbor Charity Commission Number 1134321 Registered Office Address 23 Lancing Road Romford United Kingdom RM3 8QJ Worship Centre Willow Rooms Willow Street Romford Essex RM7 7JH Accountants Seniguk Consulting ltd Harlow Enterprise Hub Harlow Essex CM20 2NQ
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THE REDEEMED CHRISTIAN CHURCH OF GOD, TRIUMPHANT CHRISTIAN CONNECTIONS
Charity No. 1134321 Director's Report for The Year Ended 30 June 2024
REPORT OF THE TRUSTEES
STRUCTURE, GOVERNANCE AND MANAGEMENT
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a) Trust Deed and Governing Document
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b) Method of appointment or election of Trustees
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c) Organizational structure and decision making
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d) Related party relationships
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e) Risk management
The charity is constituted under a Trust Deed dated 08 July 2008. The charity was registered with the Charity Commission on 15 February 2010 with registration number 1134321. The administration of the church is managed by the Parish Minister while the management of the church is the responsibility of the Trustees. The Redeemed Christian Church of God ('RCCG') Triumphant Christian Connections is a parish of The Redeemed Christian Church of God (RCCG) which has parishes all over the world. 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.
OBJECTIVES AND ACTIVITIES
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To seek the advancement of the Christian religion in accordance with the statement of faith and the teachings of the
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Redeemed Christian Church of God,
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To educate people in the Word of God.
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To teach the knowledge of Jesus Christ all over Romford, Havering Council and beyond.
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To help in the relief of poverty, sickness and financial hardship in all parts of the world: directly to our immediate members,
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their families, members of the local, national and international community as occasion would demand, in cash and in kind.
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To promote and preserve good health by organizing health talks, lectures, seminars, education and support.
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We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing
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our aims and objectives and in planning our future activities.
ACHIEVEMENTS AND PERFORMANCE
The Trustees supported the Parish Minister in carrying out the objectives and activities of the church by enabling as many people as possible to participate in the activities of the Parish. The Trustees and the Parish Minister review the activities of the Charity from time to time in meeting the Charity Commissions general guide on public benefit and in ensuring that our activities incorporate the many groups that live within our parish and within the framework of our Trust Deed and Statement of Faith.
a. Review of activities
Worship Meetings
During the reporting year, we continued our Sunday Worship at our Worship Centre located at Willow Rooms, Willow Street Romford Essex RM7 7JH. Our meetings are open to all to attend and make contributions. Sunday Worship provides the avenue for parishioners and attendees to put faith into practice, learn about the Gospel of our Lord Jesus Christ and develop their knowledge and trust in Jesus Christ. Sacraments/Holy Communion is served and all through the year this has been beneficial and spiritually equipping. At the heart of our Zoom weekly meeting is the opportunity to interact with one another which enhances self- motivation and selfesteem. The meetings equipped parishioners in deeper knowledge of the Christian Faith and the core message about Jesus Christ, Our Saviour.
All are welcome at our Sunday and other services including Holy Communion Services. Our Sunday Services also provide the opportunity for worship and celebration of milestones by parishioners in a warm environment. During the reporting year Parishioners celebrated birthdays, and milestone achievements offerings thanks to God for major events in their life and families.
Mother’s Day, Father’s Day, Easter/Resurrection Celebration, Christmas Carol and New Year Thanksgiving offers opportunities to give thanks to God for His love and grace over our life. All these events enabled parishioners to develop their Christian Faith and enhances personal developments. Parishioners made personal progress in life through personal interactions, and they developed interpersonal skills that enabled them to gain the relevant confidence to make an impact in the wider world.
Mission and Evangelism
Missions and Evangelistic work were carried out throughout the year. During the reporting year, our events provided us the opportunity for evangelistic work.
Conferences and Special Events
The church held special events that addressed current issues that the community faces. These meetings were opened to the public and focused on different demographical groups. We pray and preach the good news of salvation not only in Essex but in many other parts of the UK.
Music
Music is at the core of our events. We understand the importance of music to parishioners as it helps build spiritual development and interpersonal relationship. So, we organized Musical events from time to time.
THE REDEEMED CHRISTIAN CHURCH OF GOD, TRIUMPHANT CHRISTIAN CONNECTIONS
b. Investment policy and performance
The trustees have decided that at present, funds should be retained in Bank. Any change in such banking arrangements should be agreed by the board of trustees. As far as possible, funds will be retained in interest bearing accounts.
c. Grant making policies
As a Parish of the Redeemed Christian Church of God), Triumphant Christian Connections has agreed to make an annual contribution to RCCG (UK). The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.
d. Volunteers
The church is grateful for the immense contributions and efforts of its volunteers who are involved in provision and delivery of Services and administration.
FINANCIAL REVIEW
a. Reserves policy
The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding.
PLANS FOR FUTURE PERIODS
a. Future developments
We are seeking to obtain a lease or outright purchase of a permanent place of worship which will also be used as a community centre. This will enable us to carry out wide range of community-based projects that we are unable to do currently for the reason of restricted accommodation."
The 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 situation of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and
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explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will
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continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Ch arity (Accounts and Reports) Regulations 2008. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed by order of the Trustees
Zacchaeus Aju Chair
THE REDEEMED CHRISTIAN CHURCH OF GOD, TRIUMPHANT CHRISTIAN CONNECTIONS Accountants' Report For The Year Ended 30 June 2024
INDEPENDENT ACCOUNTANT REPORT
We have prepared the financial statements of The Redeemed Christian Church of God Triumphant Christian Connections for the period ended 30 June 2024 which comprises the Statement of Financial activities, Balance Sheet and the related notes as seen in the following pages of this report. This report is made solely for the trustees in accordance with Section 44 Charities Act 1993.
Our accounting work has been undertaken so that we might state to the Trustees those matters we are required to state to them in our Accountants’ report and for no other purposes. Fully permitted by law, we do not accept or assume responsibility to anyone other than the Trustees of the Association, for our accounting work, for this report, or for the opinion we have formed.
Respective Responsibilities of Trustees and Accountants
The trustees’ responsibilities for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards are set out in the Statement of Trustees’ Responsibilities on page 4. Our responsibilities are to prepare the financial statements in accordance with relevant legal and regulatory requirements and United Kingdom Accounting Standards.
We report to the trustees our opinion whether the financial statements give a true and fair view and are prepared in accordance with the Charities Act 1993. We also report to you if, in our opinion, the Trustees’ Annual Report is not consistent with the financial statements, if the charity has not kept proper accounting records, or if we have not received all the Information and explanation we require for the preparation of the financial statements.
We read the information contained in the Trustees’ Annual Report and consider whether it is consistent with the financial statements. We consider the implication for our report if we become aware of any apparent misstatements or material inconsistencies with the financial statements. Our responsibilities do not extend to any other information.
Basis of opinion
We have prepared the financial statements with the United Kingdom Accounting Standards issued by the Accounting Standards Board. The preparation includes examination, on a test basis of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgement made by the trustees in the preparation of the financial statements, and of whether the accounting policies are appropriate to the charity’s circumstances, consistently applied and adequately disclosed.
We planned and performed our preparation to obtain all information and explanations that we considered necessary to provide us with sufficient evidence to give reasonable assurance as to whether the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion, we also evaluate the overall adequacy of the presentation of information in the financial statements.
Unqualified opinion
In our opinion, the financial statements give a true and fair view of the charity as of 30 June 2024 and of its incoming resources and application of resources for the period then ended and have been properly prepared.
Busayo Onifade - ACCA 16/04/2025
Seniguk Consulting ltd Harlow Enterprise Hub Harlow Essex CM20 2NQ
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THE REDEEMED CHRISTIAN CHURCH OF GOD, TRIUMPHANT CHRISTIAN CONNECTIONS Income and Expenditure Account For The Year Ended 30 June 2024
| Notes TURNOVER GROSS SURPLUS Administrative expenses OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR The notes on page 6 form part of these financial statements. |
2024 £ 33,358 33,358 (31,256 ) 2,102 |
2023 £ 30,868 |
|---|---|---|
| 30,868 (25,896 ) |
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| 4,972 | ||
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THE REDEEMED CHRISTIAN CHURCH OF GOD, TRIUMPHANT CHRISTIAN CONNECTIONS Balance Sheet As At 30 June 2024
| Notes CURRENT ASSETS Debtors 4 Cash at bank and in hand NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Income and Expenditure Account MEMBERS' FUNDS |
2024 £ £ - 70,268 70,268 70,268 70,268 70,268 70,268 70,268 |
2024 £ £ - 70,268 70,268 70,268 70,268 70,268 70,268 70,268 |
2023 £ £ 99 68,067 68,166 68,166 68,166 68,166 68,166 68,166 |
2023 £ £ 99 68,067 68,166 68,166 68,166 68,166 68,166 68,166 |
|---|---|---|---|---|
| 70,268 | 68,166 | |||
| 70,268 | 68,166 | |||
| 70,268 | 68,166 | |||
| 70,268 | 68,166 | |||
| 70,268 | 68,166 |
These accounts have been prepared in accordance with the provisions applicable to charities.
On behalf of the trustees
Date: 16/04/2025
The notes on page 6 form part of these financial statements.
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THE REDEEMED CHRISTIAN CHURCH OF GOD, TRIUMPHANT CHRISTIAN CONNECTIONS Notes to the Financial Statements For The Year Ended 30 June 2024
1. General Information
THE REDEEMED CHRISTIAN CHURCH OF GOD, TRIUMPHANT CHRISTIAN CONNECTIONS is a Charity organization registered in England & Wale with registration number 1134321. The registered office is 23 Lancing Road, Romford, United Kingdom RM3 8QJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognized to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
3. Average Number of Employees
Average number of employees, including directors, during the year was: (2023)
4. Debtors
| . Debtors | ||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Due within one year | ||||
| Other debtors | - | 99 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD, TRIUMPHANT CHRISTIAN CONNECTIONS
Detailed Income and Expenditure Account For the Year Ended 30 June 2024
| TURNOVER Voluntary Income Gift Aid GROSS SURPLUS Administrative Expenses Travel and subsistence expenses Gratuities Rent Printing, postage and stationery Honorarium Funeral cost Parishioners Welfare & Support Website costs Accountancy fees Missions & Events Grant Payable Bank charges Charitable donations Ministry Expenses Establishment- Electric & Music Other office costs Student Support OPERATING SURPLUS AND SURPLUS FOR THE FINANCIAL YEAR |
2024 £ 2,541 2,500 5,400 372 1,600 - 1,550 83 500 3,826 2,778 209 300 4,691 3,157 900 849 |
£ 28,114 5,244 |
2023 £ 186 - 7,050 619 - 2,250 2,240 82 400 2,857 2,209 102 - 4,348 2,075 178 1,300 |
£ 25,288 5,580 |
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| 33,358 33,358 (31,256 ) |
30,868 30,868 (25,896 ) |
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| 2,102 | 4,972 |
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