TRUSTEES’ ANNUAL REPORT AND ACCOUNTS 2025
REDEEMED CHRISTIAN CHURCH OF GOD Covenant Restoration Assembly Nottingham
…a people in His presence, raising a blessed generation PS 16:11
Website: https://rccgcranottingham.org/
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CONTENTS
| CONTENTS | CONTENTS |
|---|---|
| CORPORATE INFORMATION ............................................................................................ 3 | |
| TRUSTEES ANNUAL REPORT .......................................................................................... 4 | |
| 1.0 | INTRODUCTION ....................................................................................................... 4 |
| 2.0 | STRUCTURE, GOVERNANCE AND MANAGEMENT .............................................. 4 |
| 2.1 | Governing Document ................................................................................................ 4 |
| 2.2 | Trustee Appointments ............................................................................................... 4 |
| 2.3 | Organizational Structure ............................................................................................ 4 |
| 2.4 | Related Party Relationship ........................................................................................ 5 |
| 2.5 | Risk Management ..................................................................................................... 5 |
| 3.0 | OBJECTIVES AND ACTIVITIES ............................................................................... 5 |
| 3.1 | Objectives ................................................................................................................. 5 |
| 3.2 | Activities .................................................................................................................... 6 |
| 4.0 | ACHIEVEMENT AND PERFORMANCE ................................................................... 8 |
| 4.1 | Public Benefit Statement ........................................................................................... 9 |
| 4.2 | Grant Making Policies ............................................................................................. 10 |
| 4.3 | Contribution Made by Volunteers ............................................................................ 11 |
| 4.3 | Future Development ................................................................................................ 11 |
| 5.0 | FINANCIAL SUMMARY – FY’2025 .......................................................................... 12 |
| 5.1 | Principal Funding Sources ...................................................................................... 13 |
| 5.2 | Reserves Policy ...................................................................................................... 13 |
| 6.0 | FINANCIAL STATEMENTS .................................................................................... 15 |
| 6.1 | Statement of Financial Activities ............................................................................. 16 |
| 6.2 | Statement of Financial Position ............................................................................... 17 |
| 7.0 | NOTES TO FINANCIAL STATEMENTS ................................................................. 18 |
| 8.0 | INDEPENDENT EXAMINER’S REPORT ............................................................... 23 |
2
CORPORATE INFORMATION
Charity Registered Number: 1136253
Board of Trustees
Pastor Taiwo Enoch Olugbenga – Chairman
Pastor Chukwuka John – Secretary Pastor Adebowale Babatunde Adesina Pastor Sunday Afolabi
Dr Presidor Kendabie
Pastor-In-Charge
Pastor Vincent T. T. Ibikunle
Registered Office
75 Raleigh Street Nottingham. NG7 4DL
Bankers:
HSBC Bank Plc Unity Trust Bank Plc Kingdom Bank
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TRUSTEES ANNUAL REPORT
1.0 INTRODUCTION
The Board of Trustees of RCCG Covenant Restoration Assembly, Nottingham presents their annual report and accounts for the year ended April 5th, 2025.
2.0 STRUCTURE, GOVERNANCE AND MANAGEMENT
This section spells out the structure and governance of RCCG Covenant Restoration Assembly Nottingham.
2.1 Governing Document
The charity is constituted as a “Trust” and governed by ‘Trust Deed’ dated 31st December 2009.
2.2 Trustee Appointments
Trustees are appointed under the terms of the trust deed.
New Trustees are given induction on appointment, explaining the overview objectives of the charity and the requirements of the Charity Commission.
2.3 Organizational Structure
The spiritual aspect of the church is handled by the Parish Pastor including the day to day running of the charity which is overseen by the Trustees and Board of Ministers, who meet regularly to review the operations of the church and make decisions on major issues affecting the church.
The church’s key activities and operations are centered on the various constituent cellular groups: Men, Women, Elders, Youth and Singles, Teenagers and Children for effective organization. The cellular structure is effective at ensuring that the expectations and needs of every group are adequately met.
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2.4 Related Party Relationship
RCCG, Covenant Restoration Assembly Nottingham, is a member of the Redeemed Christian Church of God (RCCG), a global church with parishes in over 190 countries. The relationship is governed by an “Agreement for Common Purposes” between the parish and RCCG. The referenced “Agreement for Common Purposes” document is constantly monitored and recommended for updates, to take cognizance of unfolding events (policies, regulations) in the United Kingdom.
RCCG CRA Nottingham falls under UK region 7 Province 2.
2.5 Risk Management
The trustee board performs its duty of safeguarding the charity against major risk. The board regularly reviews the charity’s governance structures, policies, procedures, and practices. It recommends strategic and operational options and implements adequate prudent controls and preventative action to safeguard the assets of the charity, as well as its reputation.
3.0 OBJECTIVES AND ACTIVITIES
3.1 Objectives
RCCG Covenant Restoration Assembly Nottingham’s main objectives are:
-
The advancement of the Christian faith worldwide in accordance with RCCG doctrines.
-
The relief of poverty.
In furtherance of the above objectives, the activities of the charity are classified under the following themes:
-
Christian faith based religious activities
-
Community support and development projects to alleviate suffering and poverty in our local community
-
supporting other charities who help to alleviate suffering and poverty
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3.2 Activities
The church engages in regular activities as detailed below in pursuance of our charitable objectives. Some of these programs were held online/virtually.
Regular Church Regular Church Activities
-
Thanksgiving Services - Every 1st Sunday of the month
-
Prayer and Miracle Service - 2nd Sunday of the month
-
Family Interaction Service - 3rd Sunday of the month
-
Deliverance and Anointing Service – 4th Sunday of the month
-
Youth/Children or Teenagers takeover service – 5[th] Sunday of the month where applicable
-
The newly established YAYA Church holds their separate Sunday services on the 2[nd] and 4[th] Sunday of the month between 3pm-5pm
-
Digging Deep (Bible Study/Prayer session) – Every Wednesday evening at 6pm
-
Early Morning Teleconference Prayers – Every Monday, Wednesday and Friday mornings at 6am – 6.30am
-
Evangelism outreach at city centre
-
Monthly Excellent Men Meetings for Married/Matured Men
-
Monthly Gracious Women Meetings for Married/Matured Women
-
Monthly Elder’s Meetings for the over 45s
-
Youth Monthly Fellowships
-
Monthly Ministers and HOD/Asst HOD Prayer Meetings
-
Other Periodic Trainings - School of Discipleship (SOD), Baptismal Class, Believers Class, Workers in Training, etc.
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| ~~===~~ | Event ~~===~~ |
Date(s) ~~===~~ |
|---|---|---|
| April ~~===~~ |
Graduations / Ordination Ceremony ~~===~~ |
Thursday11th ~~===~~ |
| Festival of Life(Europe) ~~===~~ |
Friday12th ~~===~~ |
|
| Ordained Ministers Conference ~~===~~ |
Thur 18th–Saturday20th ~~===~~ |
|
| Workers Rally with Daddy GO & FoL Manchester) ~~===~~ |
Tue 23rd& Fri 26th ~~===~~ |
|
| May ~~===~~ |
House FellowshipLeadershipConference ~~===~~ |
Saturday4th ~~===~~ |
| Evangelism Week and Sunday ~~=~~ |
Monday13th–Sunday19th ~~=~~ |
|
| Children & Teenagers Week ~~=~~ |
Mon 27th– Sun 1stJune ~~=~~ |
|
| Good Women Conference, Victory House London ~~=~~ |
Thur 23rd– Saturday 25th ~~=~~ |
|
| June ~~=~~ |
Redeemer’s Men Continental Conference & FathersDay CelebrationService ~~=~~ |
Sat 15th& Sunday 16th ~~=~~ |
| Elder’s Continental Conference / Elder’s Sunday Service ~~=~~ |
Friday 21st– Sunday 3rd ~~=~~ |
|
| Christian Social Responsibility Week & Social ActionSunday ~~=~~ |
Monday 24th– Sunday 30th ~~=~~ |
|
| July ~~=~~ |
Pastors’ Appreciation Week ~~=~~ |
Monday1st– Sunday7th ~~=~~ |
| YAYA Weekend Away ~~=~~ |
Friday12th– Sunday14th ~~=~~ |
|
| FamilyPicnic ~~=~~ |
Sunday21st ~~=~~ |
|
| Aug ~~=~~ |
RCCG Annual Convention,Nigeria ~~=~~ |
Monday5th– Sunday11th ~~=~~ |
| RCCG UK Sport Day ~~=~~ |
Saturday17th ~~=~~ |
|
| Continental Youth Convention ~~=~~ |
Saturday31st ~~=~~ |
|
| Sept ~~=~~ |
Gracious Women Convention ~~=~~ |
Friday6th– Sunday8th ~~=~~ |
| Workers Rally& AGM ~~=~~ |
Tuesday17th ~~=~~ |
|
| Festival of Life(FoL)London ~~=~~ |
Friday21st ~~=~~ |
|
| October ~~=~~ |
RCCG UK Children’s Teachers’ Training & Conference ~~=~~ |
Saturday 5th& 19th ~~=~~ |
| Children Weekend ~~=~~ |
Friday25th– Sunday27th ~~=~~ |
|
| SundaySchool Conference(online) ~~=~~ |
Friday25th– Saturday26th ~~=~~ |
|
| Nov ~~=~~ |
~~=~~ | ~~=~~ |
| 20thChurch Anniversary ~~=~~ |
Monday11th- Sunday17th ~~=~~ |
|
| Decembe r ~~=~~ |
Christmas Carol & Children’s NativityService ~~=~~ |
Sunday8th ~~=~~ |
| Children’s Christmas Party ~~=~~ |
Saturday14th ~~=~~ |
|
| Christmas Service ~~=~~ |
Sunday22nd ~~=~~ |
|
| January ~~=~~ |
100 Days RCCG Prayer & Fasting ~~=~~ |
11 January– 21 April ~~=~~ |
| RCCG Europe Continental Prayer & Fasting (online) ~~=~~ |
Monday 6th–Sunday 12th ~~=~~ |
|
| Special Programme with Pastor Musa Bako ~~=~~ |
Saturday18th–Sunday19th ~~=~~ |
|
| Fe b ~~=~~ |
FREGH LeadershipCourse ~~=~~ |
Saturday1st,8th,15th,22nd ~~=~~ |
||Singles & Couples/Agape Love Service
|Sunday16th
||
|---|---|---|
||Conference of Church Administrators and PAs
|Friday21st
||
|Mar
|DaddyGO’s 83rdBirthday
|Sunday2nd
||
||Special HolyGhost Service(Nigeria)
|Friday7th
||
||Prayer Conference with Pastor Peter
Olawale
|Tuesday 25th–Wednesday
26th
||
||Mother’s Day
|Sunday30th
||
4.0 ACHIEVEMENT AND PERFORMANCE
The church celebrated its 20[th] year anniversary in Nov 2024 holding a 7day power packed program led by notable anointed guest ministers from RCCG Worldwide including Pastor Agu Irukwu (Senior Pastor at Jesus House), Pastor Sola Adeaga (Jesus House), Pastor Leke Sanusi (Continental Overseer of RCCG Europe), Pastor J.T Kalejaiye (RCCG Overcomers Parish, Nigeria) and many other anointed ministers of God gracing the occasion.
As part of the 20[th] anniversary, the church established a new parish – RCCG Bethel Parish in Mansfield.
The social action group of the church started a new initiative called – The Lydia Project This is a service that provides free pre-loved children clothing, toys and accessories to any member of the community. This is currently funded by donations from members of the church.
The church continues to see an increase in its membership, cutting across students, professionals and families.
The church makes it a priority to help new members especially those that have just relocated into Nottingham to settle in with ease by connecting them to members who
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The church continues to hold 2 services on most Sundays. The church continued with the renovation of the property which included the creation of a smaller auditorium to accommodate more people during services.
“The church is also looking into other ways it can maximize its current space or increase capacity!”
4.1 Public Benefit Statement
The charity recognizes its responsibility to clearly demonstrate that its purposes or ‘aims’ serve the public benefit. This report outlines the ways in which the charity has fulfilled these objectives. The trustees also confirm that, before determining the charity’s activities, they have carefully considered the Charity Commission’s guidance on public benefit. In addition to our life-changing messages delivered every Sunday and streamed live across various social media platforms, bringing hope, joy, and love to people of all races, genders, and beliefs, the church also engaged in the following community service initiatives throughout the year:
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Matthew Project Foodbank Lydia Project ~~EE~~ OE eee •This non-referral food •The church remains •This focuses on bank, established to committed to its providing clothing , meet the need for both partnership with toys, accessories and food and counseling Hope Nottingham in other essentials to services for individuals delivering food bank children. and families, continues services to the to operate every community. Saturday from 12:30 •This is open to the p.m. to 2:00 p.m public and has been •The food bank verys successful •Unlike our other food operates every especially providing bank service, this Wednesday from 10 necessary baby initiative is open to a.m. to 12 noon. items to new mums. everyone without •The Lydia project is restrictions. open on Saturdays 12:30- 2pm
The Matthew Project has been continuously successful in providing over 175 food parcels per month to its beneficiaries. This is about 10,000kg worth of groceries in the reporting period. It continues to partner with FareShare who supply a variety of fresh food and off the shelf food items. We also have support from church members.
-
The church received a community fund grant from Arnold Clark of £1,000 towards the provision of groceries for the Matthew project
-
We provide continuous financial support to CFAN (Christ for All Nations)- an evangelistic organisation, Franklin Graham Ministries, ‘Compassion UK’, (a children’s charity fighting to alleviate child poverty) also encouraging natural groups within the church and individual members to sponsor some children.
-
The church provides work experience/ work placement opportunities within its administrative offices and other departments, providing necessary skills which can help build career paths for its members and the public at large.
4.2 Grant Making Policies
Under the “Agreement for Common Purposes”, Covenant Restoration Assembly Nottingham has agreed to make regular contributions to the Central Office Funds (COF) and the World Evangelism Mission (WEM) through RCCG Central Office UK. We
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support Africa Missions, an aid relief Agency to underprivileged people and communities, mainly in Africa. We also actively and strongly support other missionary organizations, such as Christ For All Nations (CFAN), UCB Word for Today, Festival of Life, Good Women Fellowship, Annual Conventions held at the RCCG National Headquarters and other missions whose goals and visions are aligned with ours.
4.3 Contribution Made by Volunteers
The charity enjoys the services of various volunteers, who contribute enormously to various areas of service provision, development, and implementation of the church’s vision. The volunteers are encouraged to attend various training and development programs organized by the charity and other organisations which could also have a positive impact in their secular activities and add value to themselves.
4.3 Future Development
-
To continue with the current initiatives.
-
The church is looking to register as a Charitable Incorporated Organization - CIO
-
The church continues to actively look to partner with more organizations to extend our reach and impact in our community.
-
Continued support to CPAS, Compassion UK, UCB, African Missions, Festival of life, etc.
-
A more direct and intentional approach to missionary work
-
The church intends to continue to organize seminars, talks and other activities that would educate and empower our members and the public at large both spiritually and socially.
-
The church will continue to help improve our members and volunteers by sending them on training courses that can add value to their life or help them gain necessary skills to succeed in their chosen field.
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5.0 FINANCIAL SUMMARY – FY’2025
Total Received Income £303,507
Total Expenditure £294,198
Surss Surplus
£9,309
Total Asset Total Liabilities Total Cash at Bank £766,588A £49,680 £62,459
Average Church Members 350
Gift Aid Funding £30,238
Grants
£1,000
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5.1 Principal Funding Sources
CRA continues to benefit from the generous donations of its members. The Charity’s main source of funds has been through voluntary donations from members.
The charity received total funds of £304k, £1k in restricted income. Voluntary income increased by 2.4% compared to prior year.
Total expenditure was £294k. This was 7.6% higher than prior year and majorly due to the 20[th] anniversary celebrations. CRA closed the year with a surplus of £9k. Cash at bank at the end of the period was £62k.
This financial support (mainly from member donations) continues to enable the church to be self-sustaining in meeting its day-to-day operational needs, planned investments in its growth and in fulfilling a myriad of public benefit and charitable services. To this end, the church is very grateful to its generous donors and members.
As a result of its sustainable income support streams; various charitable objectives and community needs are being continually met. The present level of funding is adequate to support the continuation of the church objectives and hence continues to operate as a going concern.
5.2 Reserves Policy
The charity is aware of the need to have a documentary policy in place regarding reserve. As part of the church’s mortgage loan covenant, it is imperative that the church has a minimum of 12months mortgage payment which is approximately £5,110 available at any point in time. As a result, the trustees deem it prudent to have reserves of 3 month’s running cost to cover any unforeseen circumstances. These reserves are in unrestricted funds that can be used to mitigate any short-term financial difficulties. This policy is reviewed on an ongoing basis.
This report was approved by the Board of Trustees and signed on their behalf by:
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Full Name: Pastor Taiwo Enoch Olugbenga
Position : Chairman
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6.0 FINANCIAL STATEMENTS
Scope and Basis of the Financial Statements
The accounts have been prepared under historical cost convention with items recognized at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. However, property has been revalued to present a true and fair view of its value. The accounts were prepared in accordance with the Statement of Recommended Practice SORP: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011, as amended by the Charities Act 2022.
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6.1 Statement of Financial Activities
| CharityNo 1136253 Period start date 06/04/2024 To Period end date RCCG Covenant Restoration Assembly Nottingham Annual accounts for the period |
05/04/2025 |
|---|---|
Section A Statement of financial activities (including summary income and expenditure account)
| Recommended categories by activity | Recommended categories by activity | Notes | Unrestricted funds |
Restricted income funds |
Endowment funds |
Total funds | Prior year funds ~~}~~ |
|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ ~~}~~ |
|||
| Income | 3 | F01 | F02 | F03 | F04 | F05 ~~}~~ |
|
| Income and endowments from: | ~~}~~ | ||||||
| Donations and legacies | ~~=====~~ | 301,964 ~~=====~~ |
- ~~=====~~ |
- ~~=====~~ |
301,964 ~~=====~~ |
293,963 ~~=====~~ ~~}~~ |
|
| Charitable activities | ~~=====~~ | ~~=====~~ | 1,000 ~~=====~~ |
- ~~=====~~ |
1,000 ~~=====~~ |
2,000 ~~=====~~ ~~}~~ |
|
| Interest Income | ~~=====~~ | 543 ~~=====~~ |
- ~~=====~~ |
- ~~=====~~ |
543 ~~=====~~ |
432 ~~=====~~ ~~}~~ |
|
| Investments | ~~=====~~ | - ~~=====~~ |
- ~~=====~~ |
- ~~=====~~ |
- ~~=====~~ |
- ~~=====~~ ~~}~~ |
|
| Separate material item of income | ~~=====~~ | - ~~=====~~ |
- ~~=====~~ |
- ~~=====~~ |
- ~~=====~~ |
- ~~=====~~ ~~}~~ |
|
| Other | ~~=====~~ | - ~~=====~~ |
- ~~=====~~ |
- ~~=====~~ |
- ~~=====~~ |
- ~~=====~~ ~~}~~ |
|
| Total | ~~=====~~ | 302,507 ~~=====~~ |
1,000 ~~=====~~ |
- ~~=====~~ |
303,507 ~~=====~~ |
296,395 ~~=====~~ ~~}~~ |
|
| Expenditure | 4 ~~=====~~ |
~~=====~~ | ~~=====~~ | ~~=====~~ | ~~=====~~ | ~~=====~~ ~~}~~ |
|
| Expenditure on: | ~~}~~ | ||||||
| Raising funds | ~~==~~ | ~~==~~ | ~~==~~ | ~~==~~ | ~~==~~ | ~~==~~ ~~}~~ |
|
| Charitable activities | ~~==~~ | 274,598 ~~==~~ |
- ~~==~~ |
- ~~==~~ |
274,598 ~~==~~ |
225,575 ~~==~~ ~~}~~ |
|
| Separate material expense item | ~~==~~ | 19,200 ~~==~~ |
~~==~~ | ~~==~~ | 19,200 ~~==~~ |
47,424 ~~==~~ ~~}~~ |
|
| Other | ~~==~~ | 400 ~~==~~ |
- ~~==~~ |
- ~~==~~ |
400 ~~==~~ |
375 ~~==~~ ~~}~~ |
|
| Total | ~~==~~ | 294,198 ~~==~~ |
- ~~==~~ |
- ~~==~~ |
294,198 ~~==~~ |
273,373 ~~==~~ ~~}~~ |
|
| ~~==~~ | ~~==~~ | ~~==~~ | ~~==~~ | ~~==~~ | ~~==~~ ~~}~~ |
||
| Net income/(expenditure) before tax for the reporting period |
8,309 | 1,000 | - | 9,309 | 23,022 ~~}~~ |
||
| Tax payable | - | - | - | - | - ~~}~~ |
||
| Net income/(expenditure) after tax before investment gains/(losses) |
8,309 | 1,000 | - | 9,309 | 23,022 ~~}~~ |
||
| Net gains/(losses) on investments | - | - | - | - | - ~~}~~ |
||
| Net income/(expenditure) | 8,309 | 1,000 | - | 9,309 | 23,022 ~~}~~ |
||
| Extraordinary items | - | - | - | ~~}~~ | |||
| Transfers between funds | - | - | - ~~}~~ |
||||
| Other recognised gains/(losses): | 5 ~~ee~~ |
~~ee~~ | ~~ee~~ | ~~ee~~ | ~~ee~~ | ~~}~~ ~~ee~~ |
|
| Gains and losses on revaluation of fixed assets for the charity’s own use |
~~ee~~ | ~~ee~~ | - ~~ee~~ |
- ~~ee~~ |
- ~~ee~~ |
430,531 ~~}~~ ~~ee~~ |
|
| Other gains/(losses) | ~~ee~~ | - ~~ee~~ |
- ~~ee~~ |
- ~~ee~~ |
- ~~ee~~ |
- ~~}~~ ~~ee~~ |
|
| Net movement in funds | ~~ee~~ | 8,309 ~~ee~~ |
1,000 ~~ee~~ |
- ~~ee~~ |
9,309 ~~ee~~ |
453,553 ~~}~~ ~~ee~~ |
|
| ~~ee~~ | ~~ee~~ | ~~ee~~ | ~~ee~~ | ~~ee~~ | ~~}~~ ~~ee~~ |
||
| Reconciliation of funds: | ~~ee~~ | ~~ee~~ | ~~ee~~ | ~~ee~~ | ~~ee~~ | ~~}~~ ~~ee~~ |
|
| Revaluation Reserve | ~~ee~~ | 430,531 ~~ee~~ |
~~ee~~ | ~~ee~~ | 430,531 ~~ee~~ |
430,531 ~~}~~ ~~ee~~ |
|
| Reserves | ~~ee~~ | 285,377 ~~ee~~ |
1,000 ~~ee~~ |
~~ee~~ | 286,377 ~~ee~~ |
277,068 ~~}~~ ~~ee~~ |
|
| Total funds brought forward | ~~ee~~ | 707,599 ~~ee~~ |
~~ee~~ | - ~~ee~~ |
707,599 ~~ee~~ |
707,599 ~~}~~ ~~ee~~ |
|
| Total funds carried forward | ~~ee~~ | 715,908 ~~ee~~ |
1,000 ~~ee~~ |
- ~~ee~~ |
716,908 ~~ee~~ |
707,599 ~~}~~ ~~ee~~ |
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6.2 Statement of Financial Position
| ~~——~~ | Note ~~——~~ |
Unrestricted funds ~~——~~ |
Restricted income funds ~~——~~ |
Endowment funds ~~——~~ |
Total this year ~~——~~ |
Total last year ~~——~~ |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | ||
| Fixed assets | ~~=——_=~~ | F01 ~~=——_=~~ |
F02 ~~=——_=~~ |
F03 ~~=——_=~~ |
F04 ~~=——_=~~ |
F05 ~~=——_=~~ |
| Intangible assets | ~~=——_=~~ | - - - - ~~=——_=~~ |
- - - - ~~=——_=~~ |
- - - - ~~=——_=~~ |
- - - - ~~=——_=~~ |
- ~~=——_=~~ |
| Tangible assets | 6 ~~=——_=~~ |
691,124 ~~=——_=~~ |
- ~~=——_=~~ |
- ~~=——_=~~ |
-691,124 ~~=——_=~~ |
691,349 ~~=——_=~~ |
| ~~=——_=~~ | ~~=——_=~~ | ~~=——_=~~ | ~~=——_=~~ | ~~=——_=~~ | ~~=——_=~~ | |
| Total fixed assets | ~~=——_=~~ | 691,124 - - 691 ~~=——_=~~ |
124 - - 691 ~~=——_=~~ |
124 - - 691 ~~=——_=~~ |
124 - - 691,124 ~~=——_=~~ |
691,349 ~~=——_=~~ |
| Current assets | ~~=——_=~~ | ~~=——_=~~ | ~~=——_=~~ | ~~=——_=~~ | ~~=——_=~~ | ~~=——_=~~ |
| Debtors | ~~===~~ | 13,006- - 1 ~~===~~ |
- - 1 ~~===~~ |
- - 1 ~~===~~ |
- - 13,006 ~~===~~ |
14,108 ~~===~~ |
| Cash at bank and in hand | ~~===~~ | 62,459 ~~===~~ |
~~===~~ | - 62,459 ~~===~~ |
- 62,459 ~~===~~ |
65,555 ~~===~~ |
| ~~===~~ | ~~===~~ | ~~===~~ | ~~===~~ | ~~===~~ | ||
| Total current assets | ~~===~~ | 75,465 - - 75 ~~===~~ |
465 - - 75 ~~===~~ |
465 - - 75 ~~===~~ |
465 - - 75,465 ~~===~~ |
79,663 ~~===~~ |
| ~~===~~ ~~===—=~~ |
~~===~~ ~~===—=~~ |
~~===~~ ~~===—=~~ |
~~===~~ ~~===—=~~ |
~~===~~ ~~===—=~~ |
~~===~~ ~~===—=~~ |
|
| Creditors: amounts falling due withinone year |
7 ~~===—=~~ |
27,989 ~~===—=~~ |
~~===—=~~ | - 27 ~~===—=~~ |
- 27,989 ~~===—=~~ |
25,865 ~~===—=~~ |
| ~~===—=~~ | ~~===—=~~ | ~~===—=~~ | ~~===—=~~ | ~~===—=~~ | ~~===—=~~ | |
| Net current assets/(liabilities) | ~~===—=~~ | 47,476 - - 47 ~~===—=~~ |
476 - - 47 ~~===—=~~ |
476 - - 47 ~~===—=~~ |
476 - - 47,476 ~~===—=~~ |
53,798 ~~===—=~~ |
| ~~===—=~~ | ~~===—=~~ | ~~===—=~~ | ~~===—=~~ | ~~===—=~~ | ~~===—=~~ | |
| Total assets less current liabilities | 738,599 - | 599 - | - | 738,599 | 745,148 | |
| Creditors: amounts falling due after one year |
8 ~~————~~ |
21,691 - - 21 ~~————~~ |
1 - - 21 ~~————~~ |
1 - - 21 ~~————~~ |
1 - - 21,691 ~~————~~ |
37,549 ~~————~~ |
| ~~————~~ | - - - - ~~————~~ |
- - - - ~~————~~ |
- - - - ~~————~~ |
- - - - ~~————~~ |
- ~~————~~ |
|
| ~~————~~ | ~~————~~ | ~~————~~ | ~~————~~ | ~~————~~ | ~~————~~ | |
| Total net assets or liabilities | ~~————~~ | 716,908 - - 716 ~~————~~ |
908 - - 716 ~~————~~ |
908 - - 716 ~~————~~ |
908 - - 716,908 ~~————~~ |
707,599 ~~————~~ |
| Funds of the Charity | 9 ~~————~~ |
~~————~~ | ~~————~~ | ~~————~~ | ~~————~~ | ~~————~~ |
| Endowment funds | ~~[oon~~ | - ~~[oon~~ |
~~[oon~~ | ~~[oon~~ | - 1,000 - 285,377 430,531 ~~[oon~~ |
- ~~[oon~~ |
| Restricted income funds | ~~[oon~~ | 1,000 ~~[oon~~ |
~~[oon~~ | ~~[oon~~ | ~~[oon~~ | |
| Unrestricted funds | ~~[oon~~ | 285,377 ~~[oon~~ |
~~[oon~~ | - 285,377 ~~[oon~~ |
277,068 ~~[oon~~ |
|
| Revaluation reserve | ~~[oon~~ | 430,531 ~~[oon~~ |
~~[oon~~ | ~~[oon~~ | 430,531 ~~[oon~~ |
|
| Fair value reserve | ~~[oon~~ | ~~[oon~~ | ~~[oon~~ | ~~[oon~~ | ~~[oon~~ | |
| Total funds | ~~[oon~~ | 716,908 - - 716 ~~[oon~~ |
908 - - 716 ~~[oon~~ |
908 - - 716 ~~[oon~~ |
908 - - 716,908 ~~[oon~~ |
707,599 ~~[oon~~ |
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7.0 NOTES TO FINANCIAL STATEMENTS
1. Going Concern
There is no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.
2. Change in Accounting Estimate / Policy
There have been no changes to our Accounting Estimate / Policy.
3. Income
Income is recognized in the period on the SoFA when the charity becomes entitled to resources and the monetary value can be measured with sufficient reliability.
| Income | 2025 Unrestricted |
2025 Restricted |
2025 Restricted Total Funds - |
2024 Prior year |
|---|---|---|---|---|
| funds - £ | funds - £ | £ | funds - £ | |
| Donations and legacies | 237,797 | 237,797 | 221,006 | |
| Restricted Income | 0 | 0 | ||
| Total donations & legacies | 237,797 | 0 | 237,797 | 221,006 |
| Other Income Sources | ||||
| Other income | 64,166 | 1,000 | 65,166 | 74,957 |
| Interest Income | 543 | 543 | 432 | |
| Gain on Disposal of Asset | 0 | 0 | 0 | |
| Total Other Income Sources | 64,710 | 1,000 | 65,710 | 75,389 |
| Total Income | 302,507 | 1,000 | 303,507 | 296,395 |
Unrestricted Income funds – is made up majorly of voluntary donations at £238k, included in the other income is gift aid claims of £30k and £33k voluntary donations received towards the church’s 20[th] anniversary.
Restricted Income funds– is made up of £1k grand from Arnold Clark community fund.
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4. Expenditure
Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognized at the point when a legal or constructive obligation arises. Most costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Expenditures
| Expenditures | 2025 | 2025 | 2025 | 2024 | |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Restricted Total Funds - |
Prior year | ||
| funds - £ | funds - £ | £ | funds - £ | ||
| Charitable Activities | |||||
| Premises Maintenance | 10,572 | 10,572 | 10,977 | ||
| Utilities | 14,891 | 14,891 | 13,349 | ||
| Motoring & Transportation | 10,519 | 10,519 | 10,989 | ||
| Insurance | 2,161 | 2,161 | 2,300 | ||
| Administration | 55,399 | 55,399 | 54,559 | ||
| Operations | 73,851 | 73,851 | 17,415 | ||
| Honorarium | 1,050 | 1,050 | 7,850 | ||
| Training/subscriptions | 8,084 | 8,084 | 4,014 | ||
| Finance Charges | 3,713 | 0 | 3,713 | 4,486 | |
| Depreciation | 20,767 | 20,767 | 19,376 | ||
| 201,007 | 0 | 201,007 | 145,315 | ||
| Outreach | 5,811 | 0 | 5,811 | 19,400 | |
| Central office | 49,121 | 49,121 | 49,675 | ||
| Welfare & Benevolence | 4,600 | 4,600 | 4,695 | ||
| Charitable Donations | 14,058 | 0 | 14,058 | 6,490 | |
| 73,591 | 0 | 73,591 | 80,260 | ||
| Other Costs | |||||
| Accountancy fees | 400 | 0 | 400 | 375 | |
| Legal and Professional fees | 0 | 0 | 0 | ||
| Other Repairs & Maintenance | 19,200 | 19,200 | 47,424 | ||
| Total Other Costs | 19,600 | 0 | 19,600 | 47,799 | |
| Total Expenditure | 294,198 | 0 | 294,198 | 273,373 |
Charitable Activities
Other Repairs and Maintenance cost of £19k concludes the cost of repairs and maintenance carried out on the building during the previous year.
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Included in operations is £69k spent during the church’s 20[th] anniversary celebrations (notable is the funds raised specially for this event was £33k included in income). The 20[th] anniversary of the church is a significant milestone of the church and the program of events lasted over one full week. Activities carried out during this week included the establishment of a new church at Mansfield with all the set up costs, donations to other charitable objectives via our social action and community benefit team, bringing of notable speakers every day and all its associated costs (travel, hotel and feeding etc.) to empower our members and the community both spiritually and every other areas of life, launching of a new website etc.
5. Other Recognized Income
There was no transfer between funds in the reporting period nor any extraordinary items.
6. Tangible Fixed Asset
Fixed assets (with the exception of property) with a purchase value of £500 or more is depreciated on a straight-line basis and stated at cost less depreciation. Property is valued at the revaluated amount less depreciation.
| Fixtures and fittings | 7years |
|---|---|
| Equipment | 5yrs |
| Computers | 5yrs |
| Property | 44yrs |
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Fixed Asset Schedule
Tangible fixed assets
| At the beginning of the year Additions Revaluations Disposals Transfers * At end of the year |
Freehold land & buildings Plant, machinery and motor vehicles Computer Equipment - Cost b/fwd Fixtures, fittings and equipment Total £ £ £ £ 700,000 24,380 8,280 6,036 738,696 - 18,195 - 2,347 20,542 - - - - - - - - - - - - 700,000 42,575 8,280 8,383 759,238 ~~ee"~~ |
Freehold land & buildings Plant, machinery and motor vehicles Computer Equipment - Cost b/fwd Fixtures, fittings and equipment Total £ £ £ £ 700,000 24,380 8,280 6,036 738,696 - 18,195 - 2,347 20,542 - - - - - - - - - - - - 700,000 42,575 8,280 8,383 759,238 ~~ee"~~ |
|
|---|---|---|---|
| Depreciation and impairments | |||
| *Basis At beginning of the year Disposals Depreciation Revaluation Adjustment Impairment Transfers At end of the year Net book value at the beginning of the year Net book value at the end of the year Net book value** |
SL (Straight Line) SL SL SL SL 21,173 19,039 6,016 1,118 47,347 - - - - - 15,077 2,868 1,652 1,170 20,767 - - - - - - - - - - - 36,250 21,907 7,668 2,289 68,114 678,827 5,340 2,265 4,918 691,349 663,750 20,667 612 6,094 691,124 ~~st~~ |
||
| 7. Creditors falling due within one year | Creditors falling due within one year | ||
| These figures include accrued expense of £13.7k, mortgage commitment of £5k for the | |||
| year and 1 year repayment of Bounce back loan £9k. |
8. Creditors falling due after one year
The church has a balance of £15k on its mortgage due after one year. The church also has a Bounce Back Loan it services monthly with £6.5k of it is due after 1 year.
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9. Funds of the Charity
| Capital & Reserves Profit & Loss Account b/fwd Revaluation Reserve b/fwd Net Profit for currentyear Shareholders funds |
£277,068.23 £430,531.00 £9,308.98 £716,908.21 |
|---|---|
None of this is restricted funds.
10. Material Prior Year Errors
No material prior year error has been identified in the reporting period (3.47 FRS 102 SORP).
11. Related Party Transactions
During the year, the church made donations and contributions to other RCCG, and charitable organizations as shown in note 4 under Central Office and Charitable Giving.
12. Trustee Remuneration & Expenses
During the year, none of the trustees have been paid any remuneration or received any other benefits from employment with the charity or a related entity.
13. Staff Cost and Numbers
The church had 1 full-time staff and 1 part-time staff during the reporting year. During the year, the admin part time staff went on Maternity leave, so we employed a part time contract staff to cover the role.
- Included in the administrative cost of £55k is staff payroll at £48k and volunteer expenses at £6k. £1k is attributable to stationery.
14. Independent Examiner Fees
Independent Examiner Fees have been accrued at £400.
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8.0 INDEPENDENT EXAMINER’S REPORT
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