2024-12-31-accounts - The Redeemed Christian Church Of God-Rccg Power Of Jehovah Essex

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THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOVAH ESSEX

Charity registered number:	1141059
Company Reg. number	09782218

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOVAH ESSEX

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

CONTENTS Trustee's Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Accounts	Page 3-5 6 7 8-9 10 – 14

THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOVAH ESSEX

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERSFOR THE YEAR ENDED

31 DECEMBER 2024

General Overseer:	Pastor E A Adeboye
Trustees;	Mr Oriyomi O’Peters
	Mrs Tolulope Awopetu
	Mrs Isabel Da Silver
Pastor in Charge:	Pastor Olugbenga Awopetu
Charity registered number:	1141059
Company Reg. number	09782218
Principal office:	1stFloor
	1 Russell Way
	Chelmsford, Essex
	CM1 3AA
	United Kingdom
Bankers:	NatWest PLC
Church worship address:	1stFloor,
	1 Russell Way
	Chelmsford, Essex
	CM1 3AA
	United Kingdom
Independent Examiner:	JOS ACOUNTANTS
	Unit 3, 51-57 High Street South
	East Ham, London
	E6 6EJ
	United Kingdom

THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOVAH ESSEX

TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees of RCCG – Power of Jehovah Essex present their report and Financial Statements for the period ended 31[st] December 2024 which have been prepared in accordance with the Statement of Recommended Practice, “Accounting and Reporting by Charities” issued in October 2000 and Revised SORP 2005.

Structure, Governance and Management

a. CONSTITUTION

The church is constituted under a Trust deed dated 5 April 2012 and is a registered charity with charity registration number 1141059.

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

New trustees are elected based on the contribution that they will make to the governance of the organization and the skills that they will contribute. They are provided with copies of the Charity Commission's guidance to trustees and introduced the activities of the charity by the existing board.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES Existing trustees are provided with training as and when required.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The board of Trustees is headed by a Chairman, the Secretary to the trust and a Financial Administrator. All the present employees of the Charity are voluntary workers. The Trustees are responsible for making all decisions regarding allocation of fund and activities.

e. RELATED PARTY RELATIONSHIPS

Power of Jehovah Essex is a parish of The Redeemed Christian Church of God - a network comprised of parishes all over the world. There is an agreement for common purposes entered by Power of Jehovah with The Redeemed Christian Church of God which documents this relationship.

Objectives and Activities

a. POLICIES AND OBJECTIVES

The charity's objects are:

1 The advancement of the Christian religion worldwide; and 2 The relief of poverty.

It pursues these objects by the operation of a Christian worship Centre at a leased property 1[st] Floor, 1 Russell Way, Chelmsford, Essex, CM1 3AA, United Kingdom.

b. ACTIVITIES FOR ACHIEVING OBJECTIVES

The major activities that contributed to the achievement of these objectives were:

We are now back in church. Our weekly progams are still online.
We engaged in promoting our Christian faith which included special prayers and counseling, Christian mentoring and teaching programs and distribution of leaflets with Christian messages.
Other activities to help raise the commitments of the charity in the local community included, youth seminars, Marriage Seminars, Couples Evening, Mothers' and father's days were held online.

THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOVAH ESSEX

TRUSTEES REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024 - CONT’D

c. GRANT MAKING POLICIES

Grants are made to other charitable bodies. The church supports missionary organizations such as the Festival of Life and the World Evangelism Mission, and other missions and projects within and outside the UK. The church also provides support to members of the congregation who are in needs based on guided policy of the charity.

d.VOLUNTEERS

The church is grateful and happy with the commitment and efforts of its volunteers who are involved in services provision. The church has 45 active volunteers, committed to working in various departments in the church. The church continues to train its volunteers to ensure qualitative deliveries

e. 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 and are satisfied that systems are in place to mitigate against exposures to the major risks.

Achievements and performance

In addition to spreading Christianity faith in our community, the Charity is also in to mentoring program with some University student at Anglia Ruskin University on relationships and how to become better citizens. This is a breakthrough for the church in imparting positively the university community.

Review of Transactions and Financial Position .

Gross Income Net movement of funds Net book value	2024	2023 £ 202,362 23.521 141,080
	£ 237,609 27,335 190,414

Plans for Future developments

In the coming year, the Charity plans to continue to get more involved in the community activities by reaching out to the Homeless and other vulnerable members of the community, by providing basic needs like foods items and others as may be within the church financial power.

THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOVAH ESSEX

TRUSTEES REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024- CONT’D

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations. Charity law requires the Trustees to prepare financial statements for each financial year. Under that law the

Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the Church and of the surplus or deficit of the Church for that period. In preparing these financial statements, the Trustees are required to:

select suitable accounting policies and then apply them consistently.
make judgments and estimates that are reasonable and prudent.

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the church will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Church and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Independent Examiner

The Trustees appointed JOS Accountants as the Charity’s independent examiner. A resolution for reappointment as independent examiner will be proposed during the Trustees meeting.

This report was approved by the trustees and signed on its behalf by:

28/05/2025

THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOVAH ESSEX

INDEPENDENT EXAMINERS REPORT

We have examined the financial statements, which comprise the financial activities, the balance sheet, the related notes and the accounting policies of The Redeemed Christian Church of God- Power of Jehovah for the period ended 31[st] December 2024.

Respective responsibilities of trustees and independent examiner

As described on page 3, the trustees are responsible for the preparation of the financial statements. It is my responsibility to carry out an examination of those financial statements and to issue a report based on that examination.

Scope of examination

I conducted my examination in accordance with directions given by the Charity Commissioners under section 43(7)(b) of the Charities Act 1993. An examination is limited to enquiries of the charity's personnel and analytical and review procedures applied to financial data and this provides less assurance than an audit. I have not performed an audit, and accordingly, I do not express an audit opinion.

Independent examiner's statement

Regarding our examination, no matter has come to my attention:

Which gives me reasonable cause to believe that in any material respect the requirements:

• To keep accounting records in accordance with section 41 of the Act; and

• To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or

To which in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

29/05/25 ------------------------------------------ (signed and dated) Onasanya Ogundele JOS ACCOUNTANTS LTD Unit 3, 51-57 High Street South East Ham, London E6 6EJ United Kingdom

THE REDEEMED CHRISTIAN CHURCH OF GOD

POWER OF JEHOPHA ESSEX

Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 237,609 - 237,609 202,362	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 237,609 - 237,609 202,362	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 237,609 - 237,609 202,362	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 237,609 - 237,609 202,362
237,609	-	237,609	202,362
209,432 842	- -	209,432 842	177,300 1,542
210,274	-	210,274	178,842
27,335 21999 141,080	- - -	27,335 21,999 141,080	23,520 - 117,560
190,414	-	190,414	141,080

The notes thereon form integral part of the accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOPHA ESSEX

Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 19,035 - 19,035 11,760	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 19,035 - 19,035 11,760	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 19,035 - 19,035 11,760	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 19,035 - 19,035 11,760
19,035	-	19,035	11,760
14,181 32,353 126,695	- - -	14,181 32,353 126,695	14,181 55,534 61,352
173,229	-	173,229	131,067
1,850	-	1,850	1,747
171,379	-	171,379	129,320
190,414	-	190,414	141,080

190,414	-	190,414	141,080

The notes thereon form integral part of the accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD RCCG POWER OF JEHOVAH ESSEX

BALANCE SHEET 31 DECEMBER 2024– CONT’D

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024. The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and

(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Trustees and were signed on its behalf by:

The balance sheet and accompanying notes was approved

and signed on its behave by:

Mr Oriyomi O Peters (Chairman) 28/05/2025

(Chairman Trustee)

THE REDEEMED CHRISTIAN CHURCH OF GOD RCCG POWER OF JEHOVAH ESSEX

NOTES TO THE ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2024

1 Accounting Policies:

The financial statements have been prepared in accordance with applicable Accounting Standards in the United Kingdom with the application of FRSSE and the Statement of Recommended Practice, “Accounting and Reporting by

Charities” (“SORP 2000 and SORP 2005”) issued by the Charity Commission. A summary of the principal accounting policies, which have been applied consistently, is set out below.

a) Basis of Preparation of Financial Statements

The financial statements are prepared under the historic cost convention and include the results of the Charity's operations, which are described in the Trustees Report, all of which are continuing.

b) Comparative Figures

Comparative figures are shown on the statement of accounts of the charity for the balance sheet (previous account is a statement of affairs) figures only. Comparative figures are not shown as this is the first accounts of the charity after the registration.

c) In-coming Resources

All income is credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable.

d) Restricted funds

Restricted funds are to be used for specific purposes as specified within the objects of the Charity. Expenditure, which meets these criteria, will be identified to the fund, together with a fair allocation of management and support costs. There was no restricted fund during the year.

e) Unrestricted Funds

Unrestricted funds are donations and other incomes received or generated for the objects of the Charity without further specified purpose and are available for general funds.

f) Resources Expended

Direct Charitable Expenditure includes all expenditure incurred by the Charity in direct pursuit of its charitable objectives.

Governance expenditure includes all costs not directly related to the Charitable activities and cannot be allocated to direct charitable expenditure.

g) Donated Services and Gifts in Kind

The value of donated services and gifts in kind provided to the RCCG – Power of Jehovah Essex is recognised in the statement of financial activities and in the balance sheet at their value to the charity, as determined by the Trustees, in the period in which they are receivable, and where the benefit is both quantifiable and material.

THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOVAH ESSEX

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024– CONT’D

h) Tangible Fixed Assets

Tangible fixed assets with a value exceeding £500 are recognised in the balance sheet at cost or revalue figures less depreciation calculated at rates intended to write off the excess of the cost over the anticipated residual value of the assets on a straight-line basis over their estimated useful economic lives.

Full year depreciation is charged in the year of acquisition, irrespective of the date of purchase and no depreciation is charged in year of asset disposal. The following rates are to be used except where the asset is on a finance lease where the lower of the period of repayment and the useful life is applied.

Office fixture & fittings 20% Partitioning & refurbishment 20% Motor vehicle 20%

Detailed analysis of income and expenditure for the year ended 31 December 2024 as required by the SORP 2015

NOTES 2	Donations, grants and legacies Tithe & offering Rent donation Gift Aid receivable Other Income Interest Received	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 161,765 - 161,765 128,336 24,065 - 24,065 29,292 32,353 - 32,353 29,021 17,734 - 17,734 14,812 1,692 - 1,692 902	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 161,765 - 161,765 128,336 24,065 - 24,065 29,292 32,353 - 32,353 29,021 17,734 - 17,734 14,812 1,692 - 1,692 902	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 161,765 - 161,765 128,336 24,065 - 24,065 29,292 32,353 - 32,353 29,021 17,734 - 17,734 14,812 1,692 - 1,692 902	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 161,765 - 161,765 128,336 24,065 - 24,065 29,292 32,353 - 32,353 29,021 17,734 - 17,734 14,812 1,692 - 1,692 902	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 161,765 - 161,765 128,336 24,065 - 24,065 29,292 32,353 - 32,353 29,021 17,734 - 17,734 14,812 1,692 - 1,692 902
			237,609	-	237,609	202,363

THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOPHA ESSEX

NOTES TO THE ACCOUNTS ENDED

31 DECEMBER 2024 CONT'D

Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 5,398 - 5,398 1,669 290 - 290 1,166 10,380 - 10,380 - 13,784 - 13,784 - 43,800 - 43,800 48,392 - - - 1,436 6,471 - 6,471 12,024 3,600 - 3,600 1,850 - - - 7,712	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 5,398 - 5,398 1,669 290 - 290 1,166 10,380 - 10,380 - 13,784 - 13,784 - 43,800 - 43,800 48,392 - - - 1,436 6,471 - 6,471 12,024 3,600 - 3,600 1,850 - - - 7,712	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 5,398 - 5,398 1,669 290 - 290 1,166 10,380 - 10,380 - 13,784 - 13,784 - 43,800 - 43,800 48,392 - - - 1,436 6,471 - 6,471 12,024 3,600 - 3,600 1,850 - - - 7,712	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 5,398 - 5,398 1,669 290 - 290 1,166 10,380 - 10,380 - 13,784 - 13,784 - 43,800 - 43,800 48,392 - - - 1,436 6,471 - 6,471 12,024 3,600 - 3,600 1,850 - - - 7,712
83,723	-	83,723	74,249
4,250 400 -	- - -	4,250 400 -	2,725 1,140 510
4,650	-	4,650	4,375

THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOPHA ESSEX

NOTES TO THE ACCOUNTS ENDED 31 DECEMBER 2024 CONT'D

Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 89,450 - 89,450 70,688 518 - 518 477 202 - 202 322 1,902 - 1,902 2,623 6,190 - 6,190 7,589 - - - 137 2,245 - 2,245 2,241 3,554 - 3,554 1,210 2,051 - 2,051 2,517 1,250 - 1,250 497 6,662 - 6,662 2,745 7,035 - 7,035 7,629	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 89,450 - 89,450 70,688 518 - 518 477 202 - 202 322 1,902 - 1,902 2,623 6,190 - 6,190 7,589 - - - 137 2,245 - 2,245 2,241 3,554 - 3,554 1,210 2,051 - 2,051 2,517 1,250 - 1,250 497 6,662 - 6,662 2,745 7,035 - 7,035 7,629	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 89,450 - 89,450 70,688 518 - 518 477 202 - 202 322 1,902 - 1,902 2,623 6,190 - 6,190 7,589 - - - 137 2,245 - 2,245 2,241 3,554 - 3,554 1,210 2,051 - 2,051 2,517 1,250 - 1,250 497 6,662 - 6,662 2,745 7,035 - 7,035 7,629	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ 89,450 - 89,450 70,688 518 - 518 477 202 - 202 322 1,902 - 1,902 2,623 6,190 - 6,190 7,589 - - - 137 2,245 - 2,245 2,241 3,554 - 3,554 1,210 2,051 - 2,051 2,517 1,250 - 1,250 497 6,662 - 6,662 2,745 7,035 - 7,035 7,629
121,059	-	121,059	98,675
83,723 4,650 121,059	- - -	83,723 4,650 121,059	74,249 4,375 98,675
209,432	-	209,432	177,299
600 242	-	600 242	1,250 292
842	-	842	1,542

THE REDEEMED CHRISTIAN CHURCH OF GOD POWER OF JEHOPHA ESSEX

NOTES TO THE ACCOUNTS ENDED

31 DECEMBER 2024 CONT'D

NOTES

8 Fixed assets Costs at 1st January 2024 Addition Depreciation As at 1st January 2024 Charged for the period Net book value December 31, 2024 December 31, 2023	Office Motor Equipment Partitioning Vehicle Total £ £ £ £ 26,557 15,898 23,327 65,782 1,033 - 16,044 17,077
	27,590 15,898 39,371 82,859
	23,763 15,897 17,129 56,789 3,826 - 3,209 7,035
	27,589 15,897 20,338 63,824
	1 1 19,033 19,035
	2,794 1 6,198 8,993

Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ - - - - 14,181 - 14,181 14,181	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ - - - - 14,181 - 14,181 14,181	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ - - - - 14,181 - 14,181 14,181	Current year Current year Current year Prior year Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ - - - - 14,181 - 14,181 14,181
14,181	-	14,181	14,181
1,850	-	1,850	1,747
1,850	-	1,850	1,747

11 Trustees Remuneration and Reimbursement of Expenses: The Trustees did not receive any remuneration for the period.

12 Related party transactions

The Redeemed Christian Church of God is the main headquarters of all RCCG Church branches. During the period, the church paid institutional grants to other RCCG organisations such as the World Evangelism Mission.