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← Rccg Zone Of Resurrection

2024-05-31-accounts

The Redeemed Christian Church of God Zone of Resurrection FOR THE YEAR ENDED 31[st] May 2024

Trustees’ Statement

The trustees submit their annual report and the financial statements of The Redeemed Christian Church of God Zone of Resurrection (the charity) for the year ending 31 May 2024. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005.

STATUS

The charity was constituted under a Trust deed dated 23rd June 2010 and is registered in England and Wales on the 23rd June 2010 with charity number 1136564.

APPOINTMENT OR ELECTION OF TRUSTEES

Trustees are appointed and or co-opted under the terms of the trust deed.

POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEE’S

The induction process for a newly appointed trustee comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Pastor in Charge on the powers and responsibilities of the trustees.

ORGANISATIONAL STRUCTURE AND DECISION MAKING

The charity is organised so that the trustees meet regularly to manage its affairs. The Pastor in Charge manages the day to day administration of the church.

RELATED PARTY RELATIONSHIPS

RCCG Zone of Resurrection is a parish of The Redeemed Christian Church of God which has parishes all over the world. The parish’s relationship with other parishes is governed by an ‘Agreement for Common Purposes’.

RISK MANAGEMENT

The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity. The trustees are satisfied that the systems are in place to mitigate our exposures to the major risks.

OBJECTS AND ACTIVITIES

The principal object is the advancement of Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objectives, the church adopted the following strategies:

The Redeemed Christian Church of God Zone of Resurrection FOR THE YEAR ENDED 31[st] May 2024

The activities for achieving its objectives include:

GRANT MAKING POLICY

The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG Programmes. The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

REVIEW OF ACTIVITIES

The church continues to enjoy tremendous growth in its physical and spiritual activities during the year, in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in its trust deed. The Charity supported was involved in several charitable works for public benefit in its community. For example, the provision of food for the less privileged.

INVESTMENT POLICY

The Trustees have decided that at present, funds should be retained in Banks and Building Societies, and as far as possible in interest bearing accounts.

RESERVES POLICY

The trustees’ policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended which equals to roughly £3,000 to £5,000 in general funds. They feel that this would enable the current activities to continue if there is a significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The free reserve is currently lower than the threshold outlined above, but the trustees are continuing to seek additional unrestricted funds to build up its reserve.

PRINCIPAL FUNDING

Funding has been provided mainly through tithes and offerings by church members and through gift aid. Pledges are also taken for specific projects.

FUTURE DEVELOPMENT

The charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life-changing impact in society.

The Redeemed Christian Church of God Zone of Resurrection FOR THE YEAR ENDED 31[st] May 2024

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The charity trustees are responsible for preparing the Trustees’ Annual Report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 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:

The trustees recognise their responsibilities to keep 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 2011. They are also responsible for safeguarding the assets of the company and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.

Trustee Chair:

Ayo Adeola Emordi

Company Registration No. 06910416 (England and Wales)

RCCG ZONE OF RESURRECTION ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024

RCCG ZONE OF RESURRECTION ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

Page
Company information 3
Director's report 4
Income statement 5
Statement of financial position 6
Notes to the accounts 7
Detailed income and loss account 8

RCCG ZONE OF RESURRECTION COMPANY INFORMATION FOR THE YEAR ENDED 31 MAY 2024

Director

Company Number

Registered Office

Accountants

Adeola Ayo Emordi

06910416 (England and Wales)

95B Woolwich Road London SE2 0DY United Kingdom FORVENTURES (ACCOUNTANTS & BUSINESS CONSULTANTS) 2 Veridion Way ERITH DA184AL

RCCG ZONE OF RESURRECTION (COMPANY NO: 06910416 ENGLAND AND WALES) DIRECTOR'S REPORT

The director presents her report and accounts for the year ended 31 May 2024.

Directors

Adeola Ayo Emordi held office during the whole of the period.

Statement of directors' responsibilities

The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.

Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the income or loss of the company for that period. In preparing these accounts, the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small company provisions

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Signed on behalf of the board of directors

AE ............................................................................

Adeola Ayo Emordi Director

Approved by the board on: 28 February 2025

RCCG ZONE OF RESURRECTION INCOME STATEMENT FOR THE YEAR ENDED 31 MAY 2024

Turnover
Direct Costs
Gross income
Administrative expenses
Operating income
Income on ordinary activities before taxation
Tax on income on ordinary activities
Income for the financial year		 2024
£
51,563
(10,198)
41,365
(36,526)
4,839
4,839
-
4,839

RCCG ZONE OF RESURRECTION STATEMENT OF FINANCIAL POSITION AS AT 31 MAY 2024

Notes
Current assets
Debtors
4
Cash at bank and in hand
Creditors: amounts falling due within one year
5
Net current assets/(liabilities)
Net assets/(liabilities)
Capital and reserves
Income and loss account
Shareholders' funds		 2024
£
31,098
3,215
34,313
(420)
33,893
33,893
10,382
10,382

For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.

The financial statements were approved by the Board and authorised for issue on 28 February 2025 and were signed on its behalf by

Adeola Ayo Emordi Director

Company Registration No. 06910416

RCCG ZONE OF RESURRECTION NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MAY 2024

1 Statutory information

RCCG Zone of Resurrection is a private company, limited by shares, registered in England and Wales, registration number 06910416. The registered office is 95B Woolwich Road, London, SE2 0DY, United Kingdom.

2 Compliance with accounting standards

The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.

3 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Basis of preparation

The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Presentation currency

The accounts are presented in £ sterling.

4 Debtors
Debtors
Other debtors
5 Creditors: amounts falling due within one year
Other creditors		 2024
£
31,098
2024
£
(420)

6 Average number of employees

During the year the average number of employees was 0.

RCCG ZONE OF RESURRECTION DETAILED INCOME AND LOSS ACCOUNT FOR THE YEAR ENDED 31 MAY 2024

This schedule does not form part of the statutory accounts.

Other

Surplus on

REPORT OF THE INDEPENDENT EXAMINER AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 May 2024

Redeemed Christian Church of God Zone of Resurrection

CONTENTS

Sheet Balance sheet 1 Notes to the financial statements 2 Independent examiner's report 3

Redeemed Christian Church of God Zone of Resurrection

BALANCE SHEET AS AT 31 May 2024

Notes
Current assets
Debtors
4
Cash at bank and in hand
Creditors: amounts falling due within one year
5
Net current assets/(liabilities)
Net assets/(liabilities)
Capital and reserves
Income and loss account
Shareholders' funds
THE FUNDS OF THE CHARITY
Unrestricted income funds:
GeneralFund
TOTAL FUNDS		 2024
£
31,098
3,215
34,313
(420)
33,893
33,893
10,382
10,382
0
51,563
£ 51,563

APPROVED by the Trustees Meeting held on 28th February 2025 and signed on its behalf by Adeola Ayo Emordi

Redeemed Christian Church of God Zone of Resurrection

NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 May 2024

1. ACCOUNTING POLICIES

1a. Accounting Convention

The financial statements have been prepared under the historical cost convention, in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2007), the Charity Act 2011, and the requirements of the Statement of Recommended Practice: Accounting and Reporting.

1b. Fund Accounting

Unrestricted funds are available for use at the discretion of the charity in furtherance of its objectives.

Restricted funds are subject to restrictions on their expenditure, imposed by the donor or specified in the terms of a grant.

1c. Tangible Fixed Assets

Tangible fixed assets are written off over their estimated useful life.

1d. Incoming Resources

All voluntary giving is included in the financial statements for the period in which it is received. All other income is generally recognised when it is receivable.

1e. Resources Expended

Expenditure is accounted for on an accruals basis and has been classified under headings according to the category of cost. Where costs cannot be directly attributed to a particular heading, they are allocated to activities on a basis consistent with the use of resources.

1f. Taxation

The charity is potentially exempt from taxation on its charitable activities. No provision for taxation has been made in these financial statements.

2 VOLUNTARY INCOME

Tithes and offerings, gifts, donations and other funds

£ 51,563

Bank interest

3 INVESTMENT INCOME

£ 0

£ 13,689

4 CHARITABLE ACTIVITIES COSTS

Donations

CONTINUATION OF THE NOTES TO THE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 May 2024

5 TANGIBLE FIXED ASSETS

Brought forward 31 May 2023 Additions in year Depreciation for year Carried forward 1 June 2023

----- Start of picture text -----
Furn.
£
0
0
0
£ 0 £
----- End of picture text -----

6 CURRENT ASSET

----- Start of picture text -----
TOTAL
2024
£
34,313
----- End of picture text -----

7 CURRENT LIABILITIES

Creditors payable within one year: Other creditors

(420)

8 MOVEMENT IN FUNDS

----- Start of picture text -----
At 31:05:24
£
Unrestricted fund 0
General Fund 51,563
----- End of picture text -----

TOTAL FUNDS

Net movement of funds is as follows: Incoming resources Unrestricted fund £0 General Fund 51,563 TOTAL FUNDS 51,563

Redeemed Christian Church of God Zone of Resurrection

INDEPENDENT EXAMINER'S REPORT

We report on the financial statements for the year ended 31 May 2024, which are set out in the preceding pages.

Respective Responsibilities

The charity’s trustees are responsible for the preparation of the financial statements. The requirement of Section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility, on the basis of procedures specified in the General Directions given by the Charity Commission under Section 43(7)(b) of the Act, to determine whether any matters have come to my attention.

Basis of Independent Examiner's Report

Our examination was carried out in accordance with the General Directions of the Charity Commission. 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 involves consideration of any unusual items in the financial statements and seeking explanations for any such matters. The procedures undertaken do not provide all the evidence required in an audit, and I cannot therefore express an audit opinion on the view given by the financial statements.

Independent Examiner's Statement

In connection with my examination of the accounts, nothing came to my attention to suggest that the financial statements do not accord with the accounting records or that those records do not satisfy the requirements of the Act. I am not aware of any matters that should be drawn to the attention of those reading the financial statements in order to enable a proper understanding of the statements.

Signed by the Independent Examiner: B J Ajayi date: 28th February 2025

Forventure Consults 2 Veridion Way 43.3 Engine House Erith DA18 4AL