Charity Registration No. l 135001 THE REDEEMED CHRISTIAN CHURCH OF GOD {RCCG) FAITH FOUNDATION FELLOWSHIP CENTRE Report & Financial Statement for the year ended 31 March 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG} FAITH FOUNDATION FELLOWSHIP CENTRE Year Ended 31 March 2025 REPORT AND FINANCIAL STATEMENTS PAGE CONTENTS REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENT
THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH FOUNDATION FELLOWSHIP CENTRE Year Ended 31 March 2025 Report of the Trustees The trustees have the pleasure of presenting their annual report and financial statement of The Redeemed Christian Church of God Faith Foundation Fellowship Centre for the year ended 31 March 2025 in accordance to Charities Act 2011. statement of Recommended Practice- Accounting and reporting charities ISORPlapplicable lo charities preparing their accounts in accordance to FRS 102 BOARD MEMBERS, OFFICERS, ADVISERS AND BANKERS General Overseer Pastor Enouch Adejare Adeboye Board of Trustees Mrs Felicia Olaide Folorunsho Mr Oluwayimika A. Oluwajayogbe Pastor Olajide Joseph Omotayo Pastor Ayodele Igandan Paslor In Charge Sule Solomon Momodu Prlncipal Address 69 Harper Close Grays Essex RM16 6DA Bankers Accountants HSBC 53 High Street Grays Essex RM17 6NH Da-silva and Associates Limited Chartered Certified Accountants 14 Farm Close Dagenham RMIO 9TX
THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH FOUNDATION FELLOWSHIP CENTRE Year Ended 31 March 2025 Report of Ihe Trustees (Contd) Principol activilie$ The charity's principal activily during the year continued lo be Ihe advoncemenl of the Chrislion faith woddwide in accordance with the doctrine sel out in the Slalement of faith of our trust deed and the relief of poverty to Ihose at risk amongst Ihe general public. Organlsatlon slruclure, governance and managemenl The pastor in charqe is responsible for the day to day activities of Ihe chority. The paslor liases with the board of truslees. when they meet lo review the activities of the oroanisation. Related party relallonshlp RCCG Faith Foundation Fellowship Cenlre is a member of the Redeemed Chrislian Church of God IRCCGI, which has parishes in the UK and Woddwide. This relationship is governed by an agreement of common purposes. RCCG Faith Foundation Fellowship Centre made regular contribution to RCCG UK for common purposes. Rlsk management The trustees hove assessed the mojor risks lo which the church is exposed to, in particular those relating lo our operotions ond finonces of the church ond ore sotisfied that systems are in ploce lo miligote exposure to ony mojor risks.ln order to sofeguard the welfore of Children and young people the Church operales o Child protection policy. All Children'slyoulh workers ore corefully selected and screened and have on enhonced Disclosure and Barring SeNice IDBSI check. They are Iroined in the safe practice and work within approved guidelines. Volunteers RCCG Faith Foundation Fellowhsip Cenlre is grateful for the immence effort of all it's dedicoled volunteers who ensure that all our activities are well organised and professionolly conducted. Financial Review The Charity's financial statemenl for Ihe year ended 31 March 2025 shows a net Surplus ofl 1.61712024: surplus £2.9151. Total funds in the year is £30.05612024- £18,439).
THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG} FAITH FOUNDATION FELLOWSHIP CENTRE Year Ended 31 March 2025 Report of the Trustee5 (Contd) Publlc Beneflt At RCCG Faith Foundation Fellowhsip Centre. the trustees ensure that activities are designed in line with the church objects and for the benefit of the general public. Trustees, responsibllltles Law applicable to charities and companies in England and Wales requires the trustees to prepare financial statement for each financial year which gives a true and fair view of the state of affairs of the charity and of surplus or deficit for the period. In preparing the financial statements the trustees have; Selected suitable accounting policies and applied them consistently. Made judgements and estimates that are reasonable and prudent. stated whether applicable accounting standards have been followed. Prepared the financial statements on a going concem basis. The trustees have overall responsibility of ensuring that the church has an appropriale system of controls," financial or otherwise. They are responsible for keeping proper accounting records which disclose with reasonable accuracy at anytime the financial position of the church. and to enable them to ensure that the financial statements comply with the Charities Act 2011 . They are responsiblc for Safeguarding the assets of the Charity and hence take reasonable steps for the detection and prevention of fraud and other irregularities. This report was approved on behalf of the board on........ oluway.inka A. Oluwajayogbe Felicia O. Folorunsho Trustee Trustee
Independent Examiner's Report to the Trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD- FAITH FOUNDATION FELLOWSHIP CENTRE We report on the accounts of the RCCG- Faith Foundation Fellowship Centre, for the year ended 31 March 2025, which are set out on pages 5 to 9 Respertive responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144121 of the Charities Act 2011lthe 2011 Act) an independent examination is needed. It is my responsibility: to examiner the account under {section 145 of the 2011 Act),. to following the procedures laid down in the General Direction given by the charity Commissioners (under section 1451511bl of the 2011 Act),. and to state whether particular matters have come to my attention Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity 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 disc105ures 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 Independent examiner's statement In connection with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act,. and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not met,. or 121 to which. in my opinion. attention Should be drawn in order to enable a proper understanding of the accounts to be reached. ',Ivc¥ Mrs Eileen Da-silva FCCA Da-silva & Associates Limited Chartered Certified Accountants 14 Farm Close Dagenham Essex, RMIO 9TX 6th February 2026
THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH FOUNDATION FELLOWSHIP CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2025 2025 2024 Notes Unrestricted Fund Unreslricled Fund INCOME Donations 58,049 22,272 Total Income Resources 58,049 22,272 EXPENDITURE Charitable Expenditure: Grants and Donation Charitable services Support Costs Management and administration Total Resources Expended 2,784 14,515 13,757 15,376 2,046 5,754 5,967 5,590 46.432 19,357 Net Income/lExpenditure) 11,617 2,915 Total Funds brought forward 18,439 15,524 30,056 18,439
THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH FOUNDATION FELLOWSHIP CENTRE BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Flxed assets 1.150 2.300 Current ossets Accrued Income & Receivables Cash at bank and in hand 9,510 19,946 29,456 4.120 12,499 16,619 Credltors: amounl falllng due wlthln one year Accrued expenses (550) 1480} Net current assets 28,906 16.139 Total assets less cuent liabilities 30.056 18,439 Credltors: omount falllng du• after more than one year 30.056 18.439 Total Funds Unrestrlcted Funds 30,056 18, Approved on behalf of the trustees on . .. 202 Name: Trvstee Oiuwayinka A. Oluwajayogbe Name: Trustee Felicia O. Foiorunsho
THE REDEEMED CHRISTIAN CHURCH OF GOD {RCCG) FAITH FOUNDATION FELLOWSHIP CENTRE NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 Accounling Policy The principal accounting policies, all of which have been applied consistently throughoutthe year, are sel out below: (a) Scope and basis of the financial slalemenls The financial statements have been prepared under the historical cost convention and in accordance with The Statement of Recommended Practice: Accounling and Reporting by Charities ISORP 20051 issued in March 2005 (b) Incoming Resources All income is accounled for when the Charity has entitlement lo the funds, the amount can be quantified and there is certainty of receipt. (c) Resources expended All expenditure is accounted for on accrual basis Management and administration costs include managemenl of the charity's assets. (d) Tangible fixed assets and depreciation Tangible fixed assets are stated at cost and depreciated on a straight line basis over their useful economic lives. The depreciation rates applied, are as follows: Church Equipment Furnitures & Fittings 25% 25%
THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH FOUNDATION FELLOWSHIP CENTRE NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 2025 Unrestricted Fund 2024 Unrestricted Fund 2. Income from Activities in furtherance of Charitable Objects Tithes & Offering Gift aid for the year 48,539 9,510 18,152 4,120 58,049 22,272 3. Grants and Donations RCCG - World Evangelical Mission & COF other grant & donations 2,664 120 1 ,826 220 2,784 2,046 4. Cost of Charitable Activities Rent Welfare 12,115 2.400 14,515 5,254 500 5,754 5. Support Cost Advertising & Outreach stationeries Equipment cost & maintenance Bank charges Insurance cost Telephone/internet expenses Miscelleneous 1,135 713 7,375 124 320 2,141 1,950 500 595 700 133 306 1,698 2,034 13.757 5,967
THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH FOUNDATION FELLOWSHIP CENTRE NOTES TO THE FINANCIAL STATEMENTS Year ended 31 March 2025 2025 2024 6. Management and Adminislration Depreciation cost Professional and legal Training cost Conferences & Events costs Pastorial care Honorarium 1,150 962 240 6,270 5,504 1,250 15,376 1,150 787 200 1,793 1,560 100 5,590 2025 Unrestricted Funds 2024 Unrestricted Funds 7. Debtors Accrued Gift Aid 9.510 4,120 9,510 4,120 8. Creditors: amount falling due within one year Accounting and Finance 550 550 480 480 9. Movement in funds Opening balance Net Income/lExpenditure) for the year Balance at 31 March 18.439 11,617 15,524 2,915 30,056 18,439 l O. Taxallon RCCG Faith Foundation Fellowship centre is a registered charity and is eligible for the exemptions from taxation available to charities on their charitable activities. No charge to taxation therefore arises.