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← Redeemed Christian Church Of God The City Of God

2024-12-31-accounts

Lharity number: 1136408 REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') THE crry OF GOD, DARTFORD TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

REDEEMF.D CHRIsfIAN CHURCH OF GOD ('RCCGI ryE CITY OF GOD, DARTFORD coFrrENTS Page Reference and administrative detsils of the clwity. its truste&s and advisers Trustees, Rcport Independent Examiners. Report Statement of Financial Activities io Balance Sheet li Notes to the Financial Statements 12-17

RF.DEEMED CHRISTIAN CHURCH OF GOD ('RCCG') THE CITY OF GOD, DARTFORD REFERENCEAND ADMINIsfRATIVE DEfAILS OF THE CHARrrY, rrs TRusfEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 General Oversccr PasLvr. E. A Adeboye Trustees Mrs. Adeyinka Adetola Ogunnaike Pastor. Babatunde Adewale Sofowora Pastor in Charge Pastur Adetutu Sofoword Charity Registered No 1136408 Principal Offi 193 Crayford Road Crayford IL)ndon 4HA Accountants Lighthall Consult (Chartered Certified Accountants) Unit 128 First Fl(x)r 415 High Street LA)ndon Ei5 4QZ Bankers Barclays Bank PIC

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG) THE CITY OF GOD DARTFORD TRUSTEL8' REPORT FOR THEYEAR ENDED 31 DECEMBER 2024 The trustees have pleasure in presenting their annual repurt and the financial statements of The Redeemed Christian ChuTcb of God ('RCCG') for the year ended 31 De￿rnber 2024. The T￿￿teeS confirm that the annual report and financkal statements of the chuTd] comply with the Charities Acts of 2011 and the Statement of Reeonunended Prdctice in accordance with the Financial Reportins Stsndard for Smaller Entities (SORP FRS 102). a. CONsrrrvlloN The Church is constituted under the church governing document and registered on the 16th of June 2010 with the Charity Commission with a charity registration number 1136408. The management of the church is the r￿ponsibIlity of the T￿￿tees, who are co-opted in accordance with the tern￿ set out in the church's governing documents. There were no changes to the Board of Trustees during the year ended 31 December 2024. However, one individual, named Kolawole Omooba, has been removed from the list of trustees stated in this report. Although the charity had co-opted Kolawole Omooba. he was never fornially registered as a trustee with the Charity Commission New Trustees are edur ti ' andtrained in theirlegal obligations underthe charity law. The Trustees are also Upuated on the decision-making pro￿￿es and current financial performance of the tharity. Trustees are encouraged to attend appropriate external training events which will facilitste their knowledge in their role. The Charity Commission updates are also forwarded to Trustees when issued. (L ORGANISATIONAL 8fRucfuRE AND DECISIONMAKING

The Church is organizcd such that the day-to-day running of the church has been delegated to the Parish Pastor and assisted by a member who oversees the Finance and Administrative functions of the charity. The Trustee determines the charity's Strategic direction and is consulted on all material matters. Trustees meet formally when required to review the church's operations. To provide more stability and a sense of community, the trustees purchased the church building, previously rented as a pernianent place of worship, on 21 February 2024 for a totsl cost of £633,087.62. This cost is made up of the property purchase price of £630,000 and other incidental cost of purchase of £3,087.62 e. RELATED PARTY REIATIONSIIIPS Redeemed Christian Church ()f c￿)d -The City of God is a member of the Redeemed Christian Church of God (RCCG), which has parishes all over the world. The relationship is governed by an'Agrccmcnt for Common Purposes between the Par￿b¢S <ind the Central Office of the RCCG in the United Kingdom. The Trustees have thoroughly assessed the major risks and have systems in place to mitigate them. Ensuring the church's operations and finances are safeguarded is crucial for its stability and growth.

REDEEMED CHRISTIAN THE CITY OF GOD

FOR THE YEAR ENDED 31 DECEMBER 2024

DARTFORD

OBJECTIVES & ACTIVITIES

It pursues these objectives through the operation of a centre for Christian worship at its premises in c/o 193 Crayford Road, Crayford, London, DA1 4HA and by programmes of events aimed at reaching out to the one-church together with a range of community-centred projects.

PUBLIC BENEFIT STATEMENT:

The Trustees are aware of their responsibility to ensure that the activities and objectives of the Trust are charitable and benefit the public. In determining the best way to pursue these objectives, the Trustees have taken on board and its supplementary public guidance on the advancement of religion for public benefit. RCCG, The City of God, though a religious Charity, has core community-based projects and outreaches focused on benefitting the public and its immediate community.

a. STRATEGIES FOR ACHIEVING OBJECTIVES :

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Supporting Chlldren with FAlueationa] thallenges: Through its annual event "Unlocknng Your Tre<wres", the City of God provides tsrgeted support for children experiencing educational difficulties. The event includes seminars and workshops that help parents discover effeetive ways to nurture and support their children's learning and development. The City of God provides financial support to other charitable or%anisations and Christian events. b. VOLuwfEERS The Charity deeply appreciates the unwavering dedication of its volunteer workforce. Their contributions are invaluable and fonn the backlx)ne of many of the Chariws initiatives. While it is impossible to quantify the impact of their efforts. the Charity ensures that volunteers are supported through a structured training Programme. This Programme is designed to promote their welfare, spiritual growth, and socioeconomic development, helping them thrive both within and beyond their roles in the Charity. The volunteers continue to provÉde an invaluable contribution in the following main departsnents: Administration/Publication Finance Treasiiry Men fellowship Women Fellowship Evangelism Choir Usher Chil(Iren's Church Youth Church Hospitality Protocol Welfare The trustee will allocate grants to other charitable organisations that share similar objectives with the church. The church has committed to making an annual contribution to the central office of the Rcdeem¢d cl￿1￿(1{*ll Church of God. Additionally, it offers support to congregation members who are in need.

REDEEMED CHRIsfIAN CHURCH OF COD ('RCCGJ THE cfiYoF GOD. DARTFORD TRusfEE8' REPORT (￿ntinued) FOR THEYEAR ENDED 31 DECEMBER 2024 There has been tremendous ￿wth in the physical and spiritual life of the church during the year and in the advancement of the Christian faith in alr0rdan￿ with the doctrine set out in the Statement of Faith as contained ID our governing documents. The chaiity continues to provide financial supw)rt to other ckwities o￿ating within its obie(s. The charity also provides financial Sup1￿ to the Festival of Life Prayer event held bi-annually in the UIL The have a strategic plan to build up a general reserve that is supw)rted by liquidity for the future. This will enable the Charity to be in a sound financial position to continue meeting its financial obligations and be ￿￿ltiOned to ￿ntinUe to deliver its charitable objects in the long terni. The eharity continues to explore ways to ewangeli effectively by raising its proffle and gettlng more involved in the a)mmunfity. The charitys Mem1￿bIp has grown and continues to grow and develop its members to make a tM)Sitive impact OD the o)n]munity The clwity has achieved and aims to (x>ntinue to achieve the following in the near ￿tllre. Furtheranc£ ofthe Go￿] Shepherding the people of G Organising seminar8 and (X)nferen￿Sto emtx)wer ￿eM￿rshIp ofthe church &eommunity Getting members of the thurch involved in effective lay ministy.

The Trustees are responsible for preparing the Trustees, report and financial statements in accordance with applicable laws and regulations. Under charity law in England and Wales, trustees are legally required to prepare financial statements for each financial year that provide a true and fair view of the church's financial position and its surplus or deficit for that perio(L These .statements must comply with the format and content prescribed by regulations and be accompanied by a trustees, annual report, which ()iitlineg the ehureh's activities, achi¢vcments, and public beiiefii delivery.. Select suitable accounting policies. Make judgments and estimates that are reasonable and prudent. Prepare the financial statements on a going concern basis unle&s it is inappropriate to Presume that the church will continue in operation. The Trustees are legally responsible for maintaining proper accounting records that accurately reflect the financial position of the church at any given time. These records must enable the Trustees to ensure that the financial statements comply with the requirements of the Charities Act 2011. Furthermore. the Trustees are accouutable for safeguarding the church's a**bets and must take reasonable steps to prevent and detect fraud, financial mismanagement, and other irregularities The Trustees approved this report on - and signed on its behalf by Mrs. Adesinka Adetola Ogunnaike Mr. Baba nde Sofowora

REDEEMED CHRISTIAN CHURCH OF GOD I'RCCG,) THE CITY OF GOD INDEPENDENT EXAMINATION REPORT: We have examined the state.ment of financial activides, including income and expenditure and balance sheet for the year ended 31 December 2024 on pages io and ii. These financial statements have been prepared under the accounting ￿)lIcieS set out therein and the requirements of the Statement nf Recommended Practi￿ in accordance with Financial Reporting Standard for Smaller Entities (published September 2016). The responsibilities of the Trustees for preparing the Tr￿￿tees, Teport and the financial statements in accordance with applicable law and the United Kingdom Accounting Standards (The United Kingdom Generally AC￿pted Accounting Practi￿) are set out in the Ststement of Trustees, responsibilities. The Trustees have considered that the audit of the financial statements requirement under section 144(2) of the Charities Act 2011(the 2011 Act) does not apply. We have been appointed under section 45 {3) of the Charities Act 2011 and report under section 156 of that Act. It Is our responsibility to independently examine the accounts, without perforn]ing an audit and report to the Trnstees. This report is in respect of an examination carried out under section 145 of the Charities Act 2011 and in aecordance with the general Directions gtven by the Charity commissione￿ under section 145 (5) (b) of the 2011 Aci. An examination includes a review of the accounting records kept by the harity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items OT disclosures in the accounts and seeking explanations from 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 - statement below. 4 fair, view. and the report is limited to those matters set out in the Based on our examination. no matter has eorne to our attention that gives us reasonable cause to believe that in any mateiiaI respect accounting re(x)rds have not been kept in accordance with section 130 of the Charities Art 2011, or that the accounts pr￿nted do not accord with those records or complywith the accounting wuirements of the Charities Act 2011. No matter has come to our attention in connection with our examination, to which, in our opinion, attention should be drawn to enable a proper understanding of the ac(rJunts. Signed by. Lighthall Consult (Chartered Certified Accountants & Tax Cunsultants) Unit 128 First Floor 415 High Street London Ei5 4QZ 10

REDEEMED CHRISTIAN CHURCH OF COD ('RCCG') THE crry OF GOD DARTFORD STATEMENT OF FtNANCIALAcrIvrrIES (Incorporating Income and Expe.nditure Accounts) FOR THEYEAR ENDED 31 DECEMBER 2024 Restricted income funds Elecommended eategories by activity Notes Unrestrieted nds Total funds 2024 Prior ye funds 202 Incoming resources Income and endowments from: Donations and legacies "haritable activities )ther rotal 122,864 33,906 156,770 281,911 15,845 1.fj,8 06 28 Kesources expended Expenditure on: "haritable activities ieparate material item of expense )ther io 97.748 97,748 136,214 180 rotal 180 2,160 loo, 28 loo 74 .¥et income/(expendiknre) before investment gains/(losses) Vet gains/losses) on investments ¥et income/(expenditure) Extraordinary items .¥et movement in funds 37,781 33,906 ,687 144,756 781 06 1,687 14 37.781 33,906 71,687 144,756 fr Lleconciliation of funds: rotal funds brought foThrard rotal funds carried forward 172.406 210,187 69 676 212,1 283,863 67, 212,1 19 All disclosures related to the. c.ontinuing operations. There are lio rccognised gains or losses other than those disclosed above. The notes on pages 12 to 17 forni part of th&se financial stateme.

REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG? THE CITYOF GOD DARTFORD BAIANCE SHEET AS OF31 DECEMBER 2024 2024 2024 2023 KED ASSETS Notes 2023 Igil)le Fixed knets 12 676)T73 12,870 676J773 12.870 Itors: a￿Ollnts falling due within one year h at bank and in hand 28 20 28,673 EDITORS: 205,965 )unt falling due within one year 266 1&407 unt falling due after one year 199,305 kRITY FUNDS ricted funds stricted funds 73.676 39,769 210 06 28 66 The financial statements were approved by the Trustee5 on - and signed on their behalf by Mrs. AdeyiR]ka Adetola Ogunnaike Mr. Babatunde Sofowora 12

REDEEMED CHRisfiAN CHURCH OF COD ('RCCG') THE crry or GOD DARTFORD NOTES TO THE FINANc￿E sfATEMENrs FOR THE YE4R ENDED 31 DECEMBER 2024 1.1 Basis of preparation of financial statemcnts. The accounts have been prepared under the historical cost convention and in accordance with the tatement of Recommended practi￿ in accordance with Financial Reporting Standard for Smaller Entities Accounting and Reporting by Charities (SORP FRS 102) published 31 March 2018. 1.2 Fund aecounting General funds are unrestricted funds that the Trustees may use at their discretion to support the overall objectives of the c.hiireh. Designated funds are also unrestricted but have been earniarked by the Trustees for specific purposes. Restrietp.d fiinds are funds that must be used in line willi ?ppeeific conditions set by donors or raised by the church for specific purposes. The costs &ssociated with raising and administering these funds are charged directly to the relevant fund. 1.3 Income and Endowments All incoming resources are recognised in the Statement of Financial Activities when the church becomes legally entitled to the income. xnd the amount can be measured with reasonable dccuraey. Gifts in kind donated for distribution are recorded at their valuation and recognised as income when they are distributed to the projects. Gifts dollated for resale are reeognised as income when sold. Donated facilities are reeognised at their value to the ehurch¥ provided the value can be reliably measured and the cost is borne byathird party. No amount is included in the financial statements for services provided voluntarily by ehureh members or other volunteers. 1.4 Expenditure All expenditure is recognised on an accruals basis and is categorised ullder expense headings that group all costs for allocation to activities. whe￿ costs cannot be directly attributed to specific actiNryties, they are allocated based on a method Consistent with the usage of the resources. Support costs are those incurred directly to support the Church's objectives, induding project management activities carried out at Headquarters. Governance costs are those Telated to the administration of the Church VAnd ensurillg wmpliance with Constitutional and statutory requirements. 13

REDEEMED CHRisfIAN CHURCH OF GOD ('RCCG') THE crrYoF GOD DARTFORD FOR THEYEARENDED 31 DECEMBER 2024 1.5 Tangible Fixed Assets and Depreciation Tangible fixed assets are stated at cost le&8 depreeiation. Depreciation is provided at rates Calculated to write off the cost of fixed assets, I￿S their estinmted residual value, over their expected useful lives on the following basis. Office and Church Equipment: 25% straight line Furniture & Fittings: 25% Straight line Other Equipment: 33.3% straight lille i. Income and endowments from: Restricted Unrestrirted Total Fimds Funds Funds 2024 2024 2024 Total 2023 Total income and endowment Donations 06 100 2. Donations & Other Lega¢ie8: Planned giving (Bu￿dIng Fund) Income tax reeoverable- gift aid Collection at all services Totsl 2024 2023 32,910 43,689 20 12 21,906 281 li Other Ineome Total Totsl 2024 2024 2093 Rental Income Interest income 15,000 ,000 14

  1. Charitable Donations to Institutions Restricted Funds Unrestricted Funds Tot21 Total Funds 2024 2024 2024 2023 Charitable donations 26,06
  2. Illst of Institutions Donations Payable .Vame of institution Donation description 2024 RCCG- Central, WEM and Area Offices Advancement of the Christian faith worldwide 22,872 Ikssions and other Churches Advancement of the Christian faith worldwide 3,192 3,196 28
  3. Expenditure by Charitable Activity Restricted Unrestricted Funds 2024 Total Funds 2024 Total Funds 2023 2024 Advancement of Christian Faith 26,064 26,064 28,724 26,06 28

  4. Governanee Costs Restricted Unrestrieted Funds Funds 2024 2024 Total Funds 2024 Tviul Funds Accountants, remuneration 180 180 15

  5. Dllrel￿ Costs Basis of Ajloeation Advancement of Christian falth 2024 Totsl Totsi 2023 2024 Visiting speakers, expenses We]fare Conferenees Health & Safety Children & Teen church costs Mothers club costs 9,400 3,900 9,400 3,900 13,805 420 663 1,869 240 716 1,711 240 716 1.711 Actu Aetu Actu 600 16

  6. Support Cost Basis of Allocation Advancement of Christian faith 2024 Total Total 2024 2023 Entertainment, hospitality Hall and Chair Hire Communication Advertising and publications Repairs and maintenance ures & Fittings Travelling expenses Insurance Printing? Postage & stationcry Salaries & Wages Office Admin Bank charges Rent and rates Premises Cost Mortgage Interest Consultancy Fees IEgal and Professional Fees Media Instrumentalist & music expenses Depreciation Actual 4,147 4,147 7,331 Actual Actual Actual Actual Actual 2,445 2,445 1,965 3,017 3,717 70 3,717 70 220 210 210 iio iio 73 Actu 1,910 1,910 1,570 23 Actual Actual 4,500 580 283 0.21 283 Actual Actual 11,921 8,492 986 11,921 8,492 986 43,032 Actual Aetual Actual Actual Actual Actual 4,410 2,955 720 720 2,310 13,265 4,882 17,900 2,784 17,900 2,784 55,693 5,69 90,1

  7. Expenditure on Charitable Activities ACti￿tieS undertaken directly 2024 Donations to advance Christian faith 2024 Support eosts Total Totsl 2024 2024 2023 Charitable donations Advancement of Christian faith 26,064 26,064 71,684 28,724 107,489 15,991 55.693 26,06 17

Total 2024 Totsl 2023 2024 2024 Charitable donation8 Advancement of Christian faith 26.064 26,064 28,724 io io. Net Income/(Expenditure): Thi8 is stated after Cha￿IDg depreciation of tsngible fixed assets, premises cost, and accountants. remuneration This is stated after charging Depreciation of tall￿1)Ie fixed assets and premises costs Accountants, remuneration 2024 2023 4,882 180 Dllring the year, no trustee received any remuneration. During the year, no trustee received any benefit in knnd During the year, no trustee received t￿Y reimbursement for expen8e8 ii. Fixed A￿ts land & Buildin Equipment 2024 and equipment 2024 Fittings Totsl 2024 2024 Cost At i January 2024 Additions At 31 December 2024 11,442 088 088 34943 3,182 46,566 Depreclation At i January 2024 For the year At 31 December 2024 182 1,092 28￿94 1,193 30,679 800 60 Net Buok Value At 31 December 2024 088 At 31 December 2023 io 88 18

  1. Creditors Amounts falling due within one year: 2024 2023 Aecruals Accrued Mongage Interest 12,280 86 266 6,660 Amounts falling due after one year: 2024 2023 Mortgage repayment 40 17 407,
  2. Funds of the Charity Unrestricted Funds Restricted Funds Total Fund21 Total 2024 2024 2024 2023 At i January 2024 179,119 39,769 218,888 74,132 Surplus/Defieit for the year 37.781 33,906 71,687 144,756 At 31 December 2024 216 00 218 888 19