CHARITY REGISTRATION NUMBER., 1138719 Reformed Church International - United Kingdom Unaudited Financial Statements 31st December 2024 MR A A B GRAINGER FCA OF Griffiths & Pegg Limited Chartered Accountants 3 Hagley Court South Waterfront East Level Street Brierley Hill West Midlands DY5 1XE
Reformed Church International - United Kingdom Financial Statements Year ended 31st December 2024 Pages Trustees, annual report 1to3 to3 Independent examiner's report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements 7t013 The following pages do not form part of the financial statements Detailed statement of financial activities 15 Notes to the detailed statement of financial activities 16
Page 1 Reformed Church International - United Kingdom Trustees. Annual Report Year ended 31st December 2024 The trustees present their report and the unaudited financial statements of the charily for the yearended 31st December 2024. Objectives and activitles The charity's aim and objectives are to worship God and exemplify and fijrther his teachings for the benefit of the church community and the greater public in accordance with the Reformed Church Zimbabwe Intemational's statement of beliefs. This is achieved through enabling and encouraging the worship of God through Jesus Christ by the holding of public celebrations of services, prayer meetings and Christian conferences whilst providing opportunities for the mission and Christian Evangelism. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. Achievements and performance The year 2024 has seen tremendous growth of the two RCIUK congregations with membership growth of more than 35 /0, as a result more preaching points were established. It is by the Grace of God that the church has benefited from the arrival of new congregants who came through the UK Govemmenl's Certificate of Sponsorship {GoSI program that has significantly increased our membership, 50 /0 of this growth is mainly comprised of Youth and Sunday school segment. Post Covid era, the church has now fully returned to fac8-to-face fellowship meetings at branch and fellowship group levels. More preaching posts have brought the Word closer to the communities as well as reducing travelling especially to those who are unable to travel long distances. As a result, such growth has boosted the church income i.e. offerings, tithing and thanksgiving. Fundralslng activities have been a huge success in the year, and part of the funds raised have been utilised towards purchasing musical instruments thereby boosting our Evangelism program through Praise and Worship. There has been tremendous effort towards fundraising along the long-term vision to purchase church building(s). During the first quarter of the year the church received the heads of the Church, Ihe Moderator and General Secretary with their spouses on an official visit representing our mother church. The Reformèd Church in Zimbabwe. RCIUK also managed to send eight representatives to attend the 2024 FICZ Synodical Assembly and Women Congress 2024. As part of our affiliation with our Refomied ChLtrch International Presbytery, the North congregation managed lo sponsor Rev and Mrs Mutukwa to represent RCIUK at Rev Chivhoko's induction, who is the first substantive pastor in Australia. Financlal revlew The results for the year, and the financial position at the end of the year, are shown in the attached financial statements. R8serves Policy The Trustees agreed to hold three months of unrestricted funds for operational costs to meet the going concern requirement and restricted funds shall be held in total to purchas8 or bu ild a church building in future.
Page 2 Reformed Church International - United Kingdom Trustees. Annual Report (contlnuad) Year ended 31st December 2024 Reference and adminlslrative detalls Reglstered charlty name Reformed Church International - United Kingdom Charity registration number 1138719 Prlnclpal offlca High Street Lye stourbridge Birmingham DY9 8LF The trustees Rev G Mutukwa Rev S Chizh2nde Mr B Sibanda Mr E Maradza Mr T Chiketa Mr T Simbi Miss L Muzvidziwa Mr D Mugwangi Mrs E Buzuzi Mr J Kuzipa Mr P Makiwa Mrs P Chaduka Mr T Mutindimuri Mrs R Sango Mr W Simbanegavi Ms S D Mavurayi Mr K Mika Mr N Kandenga Mr C Mabhiza Mr H Mapomba (Appointed 31st December 2024} (Retired 31st December 2024) (Appointed 31st December 2024) (Retired 31st December 2024) (Appointed 31st December 2024) (Retired 31sl December 2024) (Retired 31st December 2024) (Retired 31st December 2024) (Retired 31st December 2024) (Retired 31st December 2024) (Appointed 31st December 2024) (Appointecl 31st December 2024) (Appointecl 31st December 2024) (Appointed 31st December 20241 (Appointed 31st December 20241 (Appointed 31st December 20241 Independent examiner Mr A A B Grainger Griffiths & Pegg Limited Chartered Accountants 3 Hagley Court South Waterfront East Level Street Brierley Hill West Midlands DY5 1XE structure, governance and management Reformed Church Zimbabwe - International was formed in May 2010, constituted under a Trust Deed dated 2nd May 2010 and was granted charitable status on 1st November 2010, Trustees are appointed by the board of trustees. Additionally there is a management sub-committee that meets on a regular basis to implement policy and organise fund raising activities, The charity changed its name in 2022 to Reformed Church International - United Kingdom.
Page 3 Reformed Church International - United Kingdom Trustees. Annual Report (¢ontlnued) Year ended 31st December 2024 Plans for futur8 poriods Due to numerical growth, it has become necessary to subdivide the RCIUK congregations. The main reason behind this step is to enhance Pastoral care, easy reach of congregants by our Pastors all the time. We intend to have more pastors as the tNo pastors cannot cope with the demands of the UK congregations. Plans are underway to reoruit an administrator. There is need to buy church building(s) and l or a function hall venue for both RCIUK South and North congregations resp&ctively, as Ihis will save money and generate income ft)r the organisation, The congregations will be able to use the premises for own gatherings as well as let them out to others for different activities within the communities in which they are situated. More evangelism activities are needed for all congregations to reach out to new members and backsliders. There are many reformers from Zimbabwe and other parts of the world with whom the church has not had contact since their arrival in the UK. This adds to the essential pastoral work that needs to be undertaken to meet the demands of congregations, hence the need for more pastors. In support of this, the leadership have approved the purchase I leas8 of vehicles to be used by pastors. The tru8tees' annual report was approved on 9th September 2025 and signed on behalf of the board of trus esby r T Simbi Trustee
Page 4 Reformed Church International - United Kingdom Independent Examiner's Report to the Trustees of Reformed Church International - United Kingdom Year ended 31st December 2024 I report to the trustees on my examination of the financial statements of Reformed Church International United Kingdom ('the charity.) for the year ended 31st December 2024. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145{5)Ib) of the Act. Independent examinerfs statement Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one ofthe listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 130 of the the financial statements do not accord with those records" or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requifement that the accounts give a 'true and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr A A B Grainger Independent Examiner Griffiths & Pegg Limited Chartered Accountants 3 Hagley Court South Waterfront East Level Street Brierley Hill Wesl Midlands DY5 IXE
Page 5 Reformed Church International - United Kingdom Statement of Flnanclal Activities Year ended 31st December 2024 2024 Restricted funds Total funds 2023 Unrestricted funds Total funds Note Income and ondowment5 Donations and legacies Charitable activilies Investment income 249,691 14,800 249,691 18,349 145,596 12,299 23 3,549 Total Income 264,491 3,549 268,040 157,918 Expenditure Expenditure on charitable activities Total expendlture 244,608 244,608 244,608 244,608 164,943 164,943 Net Incomel{expendlture) and net movement In funds 19,883 3,549 23,432 (7,025) Reconciliation of funds Total funds brought forward Total funds carried forward 105,675 30,105 33,654 135,780 159,212 142,8Q5 125,558 135,780 The statement of financial activities includes all gains and losses reccgnised in the year. All income and expenditure derive from continuing activilies, Th8 notas on pagas 7 to 13 form part of these flnancial statements.
Page 6 Reformed Church International - United Kingdom Statement of Financial Position 31st December 2024 2024 2023 Noto Flxed assets Tangible fixed assets 13 2,213 879 Current assets Debtors Cash at bank and in hand 14 2,776 167,227 2,776 141,254 144,030 170,003 Credllors: amounts falling due within one year Net current assets 15 {13,004) 19,1291 134,901 135,780 135,780 156,999 159,212 159,212 Total assets less current liabllltles Not assgts Funds of the charity Restricted funds UnrestriGted funds 33,654 125,558 30,105 105,675 135,780 Total charily funds 17 159,212 These financial statements were approved by the board of trustees and authorised for issue on 9th September 2025, and are signed on behalf of th8 board by.. r T Simbi Trustee The note5 on pages 7 to 13 form part of these linancial statements.
Page 7 Reformed Church International - United Kingdom Notes to the Financial Statements Year ended 31st December 2024 G8neral infomialion The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address ofthe principal office is High Street, Lye, Stourbridge, West Midlands, DY9 8LT. Statement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland {FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011. Accounting pollcles Basis of preparation The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. Golng concern There are no material uncertainties about the charity's ability to continue. Disclosure exemptions The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) No cash flow ststement has been presented for the company. (b) Disclosures in respect of financial instruments have not been presented. Judgements and key sources of eslimatlon uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reporled. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or Gommitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.
Page 8 Reformed Church International - United Kingdom Notes to the Financial Statements (contlnued) Year ended 31st December 2024 Accountlng po15cles (contlnued) Incoming resources All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to categories of income.. income from donations is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably, legacy income is recognised when reipt is probable and entitlemenl is established. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement offinancial aclivities to which it relates: expenditure on raising funds includes the costs of all fundraising activities. events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all Gosts incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure Ihat is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated direGtly to that activity. Shared costs are apportioned beeen the aGtivities they contribute to on a reasonable, juslifiable and consistent basis, Tangible assets All fixed assets are initially recorded al cost. Depreclatlon Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as ft)Ilows'. Cotnputer Equipment Musical Equipment Other Equipment 250/0 Straight line 25 % straight line 25 % straight line Impairment of fixed assets A review for indicators of impairment is carried out 8t each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amounl, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Page 9 Reformed Church International - United Kingdom Notes to the Financial Statements (Gontlnued) Year ended 31st December 2024 Accounting pollcles fcontlnu8d) Impairment of fixed assets (contlnugd) For the purposes of impairment lesting, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of Ihe cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independenl of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating unils that are expected to benefit from th? synergies of the combination, irrespective of whelher other assets or liabilities of the charily are assigned to those units. Defined c¢ntribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Donations and18gacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Tithes Sunday Collection Fundraising Donations Gift Aid Other Donations 54,240 36,339 13,971 49,022 96,119 54,240 36,339 13,971 49,022 96,119 249,691 249.691 Unrestricted Funds Restricted Total Funds Funds 2023 Donalions Tithes Sunday Collection Fundraising Donations Gift Aid other Donations 35,150 30,126 9,668 35,150 30,126 9,668 70,012 640 70,652 145,596 144,956 840 Charitable activities Unrestricted Funds Restricted Total Funds Funds 2024 Building Fund Fellowship 188 14,612 3,549 3,737 14,612 14,800 3,549 18,349
Pa9e 10 Reformed Church International United Kingdom Notes to the Financial Statements (contlnued) Year ended 31st December 2024 Charltable activities (continuedj Unrestricted Funds Restricted Total Funds Funds 2023 Building Fund Fellowship 565 11,734 12,299 565 11,734 12,299 Investment income ReslrScted Total Funds Funds 2024 Restricted Total Funds Funds 2023 Bank interest receivable 23 23 Expendlture on charitable actlvltles by fund type Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2Q23 Worship Support costs 241,343 3,265 241,343 3,265 244,608 162,044 2,899 164,943 162,044 2,899 164,943 244,608 Expendlture on charltable actlvltles by actlvlty type Activlties undertaken directly Support Total funds costs 2024 Total fund 2023 Worship Governance costs 241,343 241,343 3,265 162,044 2,899 3,265 3,265 241,343 244,608 164,943 Net incomel(expendlture) Net incomel{expenditure) is stated after chargingllcrediting)- 2024 2023 Depreciation of tangible fixed assets Foreign exchange differences 1,105 1,651 439 1,234 10. Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Indepandent examination of the financial statements 4.160 2,160
Page 11 Reformed Church International - United Kingdom Notes to the Financial Statements (contlnuad) Year ended 31st December 2024 11. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows,. 2024 2023 Wages and salaries Employer contributions to pension plans 44,167 1,024 45,191 3e,398 698 37,096 The average head count of employees during the year was 2 (2023.. 2). Th8 average number of full-time equivalent employees during the year is analysed as follows. 2024 No. 2023 No. Number of pasloral staff No employee received employee benefits of more than £60,000 during the year12023.. Nil). 12. Truslee remuneratlon and expenses One or more trustees has been paid remuneration or received other benefits from employmenl with the charity or a related enlity. One or more trustees has claimed expenses or had their expenses met by the charity. 13. Tangible fixed assets Gomputer equipment Musical equipment Other assets Total Cost Al 1st January 2Q24 Additions 4,008 2,439 6,447 6,058 3,947 14,013 2,439 16,452 At 31st December 2024 6,058 3,947 Depreciation At 1st January 2024 Charge for the year At 31st December 2024 3,129 1,105 4,234 6,058 3,947 13,134 1,105 14,239 6,058 3,947 Carrying amount At 31st Dècember 2024 2.213 2,213 At 31st De¢ember 2023 879 879 14. Debtors 2024 2023 Other debtors 2,776 2,776
Page 12 Reformed Church International - Unlted Kingdom Notes to the Financial Statements (continued) Year ended 31st December 2024 15. Credltors: amounts falling due wlthln one year 2024 2023 Accruals and deferred income Social security and other tsxes Pension control 2,160 10,618 226 2,160 6,807 162 13,004 9,129 16. Penslons and other post-rotlremont banaflts Deflned contribution plans The amount recognised in income or expendilure as an expense in relation to defined contribution plans was £1,024 {2023'. £698}. 17. Analysis of charitable funds Unrostricted funds At 1st January 2 024 At 31st D8cem b8r 2024 Income Expenditure General funds 105,675 264,491 (244,608} 125,558 At 1st January 2 023 At 31st Detemb er 2023 Income Expenditure General funds 113,363 157,255 (164,943) 105,675 Restricted funds At 1st January 2 024 Al 31st Decem ber 2024 Income Expenditure uilding fund 30,105 3,549 33,654 At 1st January 2 023 At 31st Decemb er 2023 Income Expenditure Building fund 29,442 663 30,105
Page 13 Reformed Church International - United Kingdom Notes to the Financial Statements (continued) Year ended 31st December 2024 18. Analysls of net assets betWa8n funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Currenl assets Creditors less than 1 year Net assets 2,213 136,349 (13,004) 125,558 2,213 170,003 (13,004) 159,212 33,654 33,654 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net a55ets 879 113,925 {9,129) 1Q5,875 879 144,030 19,129) 135,780 30,105 30,1Q5
Page 14 Reformed Church International - United Kingdom Management Information Year ended 31st December 2024 The followlng pages do not forni part of the financial statements.
Page 15 Reformed Church International - United Kingdom Detailed Statement of Financial Activities Year ended 31st December 2024 2024 2023 In¢ome and endowments Donations and legacies Tithes Sunday Golleclion Fundraising Donations Gift Aid Other Donalions 54,240 36,339 13,971 49,022 96,119 35,150 30,126 9,668 70,652 145,596 249,691 Charitable actlvlties Building Fund Fellowship 3,737 14,612 565 11,734 12,299 18,349 Investment income Bank interest receivable 23 Total incom8 268,040 157,g18 Expenditure Expenditure on charitable actlvities Wages and salaries Pension costs Rates and water Light and heat Legal 2nd prc>fessional fees Depreciation Foreign exchange gainlloss Sundry expenses Contributions to Affiliate Administrative costs Pasloral care 44,167 1,024 7,448 11,050 2,916 1,105 1,651 71,935 236 90,675 12,401 244,608 36,398 898 4,289 14,790 2,760 439 1,234 39,994 442 55,700 8,199 164,943 Total expendlture 244,608 164,943 Net incomel(expenditure) 23,432 (7,025)
Pago 16 Reformed Church International - United Kingdom Notes to the Detailed Statement of Financial Activltles Year ended 31st December 2024 2024 2D23 Expenditure on charitable actlvltles Worship Actlvltles undertaken directly Wages and salaries Pension costs Branch rent Pastoral residences Payroll adminisiration costs Bank Charges Sundry expenses Contributions to Affiliate Administrative costs Pastoral care 44,167 1,024 7,448 11,050 756 1,651 71,935 236 90,675 12,401 3e,398 698 4,289 14,790 300 1,234 39,994 442 55,700 8,199 241,343 162,044 Governance costs Governance costs - Legal and professional Governance costs - depreciation 2,160 1,105 3,265 2,460 439 2,899 Expenditure on charitable activities 244,608 164,943