Registered number: 07530478
Charity number: 1141424
THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS
COLCHESTER
(A company limited by guarantee)
UNAUDITED
TRUSTEES. REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
CONTENTS
Page
Reference and admlnlstratlve detalls of the Charlty, Its Trustees and advlsers
Trustees. report
Independent examlner's report
ststement of financial activitlOS
Balance sheet
10- 11
ststement of cash flows
12
Notes to the financial statements
13-31

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees
Dr Oludare Adelokunbo Demuren, Chair
Dr Adeniyi Faboya
Dr Abiodun Olayinka Obisesan
Mr Akinlayo Akinsooto Ojo
Company registered
number
07530478
Charity registered
number
1141424
Registered office
C02 8GU
Company secretary
Pastor Abiodun Obisesan
Accountants
AdeKay & Co Limited
Chartered Certified Accounlanls
6 Medcalf Road
Enfield
EN3 6HL
Bankers
HSBC
26 High Street
Colchesler
C01 1DQ
Barclays Bank PIC
9 High Street
Colchesler
Essex
C01 1DA
Page 1

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees present their annual report together with the financial slalements of the Charity for the year ended
31 December 2024. The annual report serves the purposes of both a Trustees, report and a directors. report
under company law. The Trustees confirm that the annual report and financial stslemenls of the charitable
company comply with the current statutory requirements. the requirements of the Charitable company's
governing document and the provisions of the Statement of Recommended Practice ISORPI applicable lo
charities preparing their accounts In accordance with the Financial Reporting Standard applicable In the UK and
Republic of Ireland IFRS1021 leffeclive 1 January 20191.
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the strategic report required
of medium and large companies under the Companies Act 2006 (Strategic Report and Directors. Reporti
Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The Charity is Constituted as a company limited by guarantee, and is therefore governed by a Memorandum and
Articles of Association.
The principal object of the Redeemed Christian Church of God is the advancement of the Christian faith
woddwide and relief of povety.
Our primary objective is to seek the advan￿Ment of Christian religion In accordance with preaching of the faith
of the earfy Apostles and wherever possible. educate people using the word of God as our guide. We aim to
establish and manage schools, Bible schoo15, vocational Bible schools, correspondence courses, and to teach
religious knowledge in schools, inslilulions and the wider community.
In setting objectives and planning for aclivilies, the Trustee5 have given due consideration lo general guidance
published by the Charity Commission relating lo public benefit, including the guidance 'Publi¢ benefit.. running a
charity IP821'.
b. Strategies for achieving objectives
The charity has adopted the following strategies for achieving the above objectives..
organisation of conferences and events with proven speakers and ministers of the faith to inspire and
guide members., and
financial and administrative support for other charities and Christian events with like purposes.
c. Activities undertaken to achieve objectives
The charity seeks lo achieve its objectives by..
Various missionary aclivilies.
Community Outreach Events.
Provision of welfare support to members,. and
Conferences & Events.
Page 2

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Objectives and activities {¢ontinuedl
d. Public Benefit Statement
The Board of Trustees confimi that they have met their duties in strict compliance with the provisions of section 4
and 17 of the Charities Act 2011, and have had due regards to the Charity Commission's general guidan￿ on
public benefit. Particular consideration has been given lo the Charity Commission's supplementary public
guidance provisions on the advancement of religion for the public benefit
e. Volunteers
The Church is grateful for the unstinting efforts of its volunteers who are Involved in service provision. It Is
estimated that over 7,500 volunteer hours were provided during the year. If this is conservatively valued at £8.50
per hour, the volunteer efforts amount to over £63,750.
Achievements and performance
a. Review of activities
During the year under review, the Church was of benefit to ils congregation and its local community both
spiritually and to a limited extent, financially. The church continues to run its Sunday and midweek services for
the benefit of local community members.
In line with our Community Social Responsibility, we have continued to..
Support the Blind Society in Nigeria- December 2024
Support Community Poverty- Food Bank donations month on month.
Support the elderly by visiting and singing in residential homes.
Support fellow Christians such as Jesus Reigns Ministry by allowing them to use our facilities
Penlecosl Celebration with other churches in Colchesler May 2024
Children's Iyoulh Day Celebrations
Support Samaritan's Christmas Child Appeal
Praise Nights July 2024
20th Anniversary - July 2024
Church BBQ- August 2024
Free Family Fun Festival September 2024
Night of Gratitude November 2024
CSR - Special Street Evangelism April and December 2024
Christmas meal for the less privileged De￿mber 2024
Sang and prayed @ the annual Christmas fair in Colchesler Town Centre December 2024
Christmas Celebrations December 2024
Regular Weekly & Monthly Activities..
Weekly Midweek prayers
Weekly House Fellowship
Weekly Bible studies
Weekly Evangelism
Monthly Communion Services
Monthly Night Vigil
Monthly Youth Activities
Women's Eady Morning Prayers
Men's Early Morning Prayers
Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Achievements and performance lcontinuedl
Women's Monthly Night Vigil
Bi-monthly Marriage Seminars- 3 Fold Cord
Breakfast meelinglseminars
Conferences..
Prayer conferen￿ January 2024
Regional Conference February 2024
Daughters of Zion Conferen￿ May 2024
Province Conference June 2024
Youth Conference June 2024
Province 2 Region 3 Women's Retreat June 2024
Financial Summit August 2024
Workers Appreciation October 2024
Pastors Province Conference November 2024
Prayer Conference November 2024
Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Financial review
. Going ¢on¢em
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate
resources lo continue in operational existence for the foreseeable future. For this reason, they continue to adopt
the going concern basis in preparing the financial statements. Further details regarding the adoption of the going
concem basis can be found in the accounting policies.
b. Reserves policy
The Board of Trustees have established a policy whereby the unreslricled funds not commilled or invested in
tangible fixed assets I'the free reserves'l held by the charitable company should be 3 months of average annual
expenditure. At this level, the Board of Trustees holds the view that they would be able to continue the current
activities of the charitable company in the event of a significant drop in funding.
The Board of Trustees are in the prO￿sS of considering a review of the reserve policy lo be in the light of the
wider strategic future plans. This is to ensure that the level of the reserve we hold are not only appropriate to our
current position and annual expenditure, bul also taking into full cognisance what our future strategic plans
are.
c. Material investments policy
The Board have decided that al present, funds should continue to be retained in Banks and Building Societies.
Any change in such banking arrangements should be agreed by the Board. As far as possible, funds will be
retained in interest bearing accounts.
d. Principal funding
This is provided mainly through voluntary tithes and offerings by the church members and through gift aid
scheme. Pledges are also taken for specific projects.
Structure, governance and management
a. Constitution
The Redeemed Christian Church of God- Stil￿alers Colchesler is registered as a charitable company limited by
guarantee and was sel up by a Memorandum of Association.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Memorandum of Association.
Oryanisational structure and decision-making policies
The church is organised so that the trustees meet regularly to manage ils affairs. There is a part lime
adminislralor, who manages the day lo day administration of the Church.
Page 5

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
Structure, governance and management Icontinuedl
d. Policies adopted for the induction and training of Trustees
Most trustees are already familiar with the activities of the charitable organisalion as they are drawn from
members who have the skill set lo offer and empathy with our core values. Newly elected trustees are
encouraged lo allend a series of training sessions led by the Chair.
The courses attended equip the trustees with skills lo carry out their duties as trustees. The training enables
them to understand..
Their obligation as Iruslees.
The importance of the main documents which set out the operational framework for the charity including
the Memorandum and Articles of association.
The control of reSoUr￿S and Current financial position using the management accounts.
Their responsibility for the slatulory accounts.
How to translate future plans and objectives into budgets and plans.
Use of budgetary control.
During induction, they meet other trustees. As part of the induction training, they are encouraged to attend
appropriate external events where these will facilitate the undertaking of their role.
An Induction pack is provided for new Directorsff ruslees.
e. Related party relationships
The RCCG Slillwaters Colchester is member of the Redeemed Christian Church of God IRCCGI which has
parishes all over the world. The parish's relationship with RCCG and other parishes is govemed by an
'Agreement for Common Purposes..
The parish supports visiting ministers of the gospel from within and outside the UK. Support is also given lo
RCCG Central Office, World Evangelism Mission, Festival of Live and other RCCG Programmes. The parish
also gives occasional grant to congregational members who are in need.
f. Financial risk management
The Trustees have assessed the major risks lo which the Charity is exposed, in particular those related lo the
operations and fInan￿S of the Charity, and are satisfied that systems and procedures are In plaTr to mitigate
exposure to the major risks.
Plans for future periods
The Church Intends to continue with ils activities for the foreseeable future and enlarge its operations as the
reSOur￿S allow and according lo leading of the Holy Spirit.
The charity continues lo expand its influence in and support for the community programmes and events. The
charity plans to roll over the activities held for charitable purposes In 2024 to 2025 and adopt new projects.
Board Members. liability
The Board Members of the Charity guarantee to contribute an amount not ex￿edIng £1 to the assets of the
Charity In the event of winding up.
Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
TRUSTEES. REPORT {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
ststement of Trustees. responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company lawl are responsible for
preparing the Trustees. report and the financial statements In accordance with applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounb"ng Practice).
Company law requires the Trustees to prepare financial statements for each financial . Under company law, the
Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of
the stale of affairs of the Charity and of its incoming resources and application of resources, including its income
and expenditure, for that period. In preparing these financial statements, the Trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principle5 of the Charities SORP IFRS 1021.,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards IFRS 1021 have been foll()wed, subject to any materi81
departures disclosed and explained in the financial statements",
prepare the financial ststements on the going concern basis unless it is inappropriate to presume that the
Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain
the Charity s transactions and disclose with ￿asOnable accuracy at any time the financial position of the Charity
and enable them to ensure that the fi'nancial statements comply with the Companies Act 2006. They are also
responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.
Approved by order of the members of the board of Trustees and signed on their behalf by..
DrAbiodun Olayinka Obisesan
Trustee
Dale." 25 September 2025
Page 7

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examlnerfs report to the Trustees ofThe Redeemed Chrlstlan Church of God-
Stlllwaters Colchester I'the Charlty.)
I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31
December 2024.
Responslbllltles and basls of report
As the Trustees of the Charity land its directors for the purposes of company lawl you are responsible for the
preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l.
Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006
Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts
carried out under section 145 of the Charities Act 20111'lhe 2011 Acl'l. In carrying out my examination I have
followed the Directions given by the Charity Commission under section 14515llbl of the 2011 Act.
Independent examlner's statement
sin￿ the Charity's gross income ex￿eded £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 lo undertake the examination because l am a member
of Association of Certified Chartered Accountants l ACCAI, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the
examination giving me cause to believe..
accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act,. or
the accounts do not accord with those records", or
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than
any requirement that the accounts give a 'true and fair, view which Is not a matter considered as part of
an independent examination., or
the accounts have not been prepared in accordance with the methods and principles of the Statement of
Recommended Practice for accounting and reporting by charities lapplicable to charities preparing their
accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of
Ireland IFRS 10211.
I have no concems 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.
This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities
(Accounts and Reports) Regulations 2008. My work has been undertaken so that I might stale lo the Charity's
Trustees those mallers l am required to stale lo them in an independent examinerfs report and for no other
purpose. To the fullest extent permitted by law, I do not accept or assume responsibility lo anyone other than the
Charity and the Charity's Trustees as a body, for my work or for this report.
Signed..
Adegboyega Adesigbin FCCA
AdeKay & Co Llmlted
Chartered Certified Accountants
Dated.. 25 September 2025
ACCA
Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 DECEMBER 2024
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Total
funds
2023
Note
Income from:
Donations and legacies
Investments
10.595
339,373
10,571
349,968
10,571
401,396
12,391
Total income
10,595
349,944
360,539
413,78T
Exponditure on:
Charitable activities
21.697
397.320
419,017
358,399
Total expenditure
21,697
397,320
419,017
358,399
Net movement in funds
111.1021
147.3761
158,4781
55,388
Reconciliation of funds:
Totsl funds brought forward
Nel movement in funds
182,020
11,1021
668,862
47,3761
850,882
58,4781
795,494
55,388
Total funds carried forward
170,918
621,486
792,404
850,882
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 13 to 31 form part of these financial statements.
Page 9

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
REGISTERED NUMBER: 07530478
BALANCE SHEET
AS AT 31 DECEMBER 2024
2024
2023
Fixed assets
Tangible assets
1.144,696
1, 183, 72T
1,144,696
1, 183, 727
Current assets
Debtors
Cash al bank and in hand
722
101,437
723
147,517
102,159
148,240
Current liabilities
Creditors.. amounts falling due within one year
{67,311)
(66,495)
Net current assets
34,848
81, 745
Total assets less current liabilities
1,179,544
1,265,472
Creditors.. amounts falling due after more than one
year
{387,1391
(414,590)
Net assets excluding pension asset
792,405
850,882
Total net assets
792,405
850, 882
Charlty funds
Reslricled funds
170,918
621.487
182,020
668, 862
Unrestricted funds
Total funds
792,405
850,882
The Charity was entilled lo exemption from audit under section 477 of the Companies Act 2006.
The members have not ￿qUired the company lo obtain an audit for the year in question in accordance with
section 476 of Companies Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to
the small companies regime.
Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
REGISTERED NUMBER: 07530478
BALANCE SHEET {CONTINUED)
AS AT 31 DECEMBER 2024
The financial statements were approved and authorised for issue by the Trustees on 25 September 2025 and
signed on their behalf by..
Dr Abiodun Olayinka Obisesan
Trustee
Mr Akintsyo Akinsoolo Ojo
Trustee
The notes on pages 13 to 31 form part of these financial statements.
Page11

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Cash flows from operating activities
Nel cash used in operating activities
{24.546}
109,902
Cash flovts from investing activities
Interests and rents from investments
Purchase of tangible fixed assets
{10.571}
{10,963)
(72,391)
(44,559)
Net cash used in investing activities
121,534)
56,9501
Cash flows from financing activities
Repayments of finance leases
2,478
Net cash provided by financing activities
2.478
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
{46.080}
147,517
55,430
92,087
Cash and cash equivalents at the end ofthe year
101.437
147,517
The notes on pages 13 to 31 form part of these financial statements
Page 12

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
General Infomiatlon
Redeemed Christian Church of God Slillwaters Colchester is a company limited by guarantee
incorporated and registered with the Charity Commission in England & Wales. The registered
address is Heath House, Heath Business Park, Grange Way, Colchesler, C02 8GU.
Accountlng pollcles
2.1 Basis of preparation of financial statements
The financial slalements have been prepared in accordan￿ with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
The Redeemed Christian Church of God- Stillwaters Colchester meets the definition of a public
benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or
transaction value unless otherwise staled in the relevant accounting policy.
2.2 Going concern
The Board consider that there are no material uncertainties about the charitable company ability lo
continue as a going concern. The Iruslees have a reasonable expectation that the Charity has
adequate resources lo continue in operational existence for the foreseeable future and do not
consider that there are any SoUr￿S of estimation uncertainty al the reporting date that have a
significant risk of causing a material adjustment lo the carrying amounts of assets and liabilities within
the next reporting period.
2.3 Income
All income is recognised once the Charity has entillemenl lo the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income lax recoverable in relation to investment income is recognised at the time the investment
income is re￿Iv3b1e.
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third party, it is probable that a transfer of economic benefits will be required in selllemenl and
the amount of the obligation can be measured reliably. Expenditure is classified by aclivily. The costs
of each activity are made up of the total of direct costs and shared costs, Including support costs
involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly
to that activity. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single activity are apportioned bel￿een those activities on a basis consislenl with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on charitable activities is incurred on direcdy undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
Page 13

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles Icontlnuedl
2.4 Expenditure {continued)
Grants payable are charged in the year when the offer is made ex￿pt in those cases where the offer
is conditional, such grants being recognised as expenditure when the conditions attaching are
fulfilled. Grants offered subject to conditions which have not been mel at the year end are noted as a
commitment, bul not accrued as expenditure.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity
and include project management carried out at Headquarters. Governance costs are those incurred
in connection with adminislralion of the charity and Complian￿ with constitutional and slatulory
requirements.
Charitable activities and G0Veman￿ costs are costs incurred on the charity's operations, including
support costs and costs relating to the g0veMan￿ of the charity apportioned to charitable activities.
2.5 Interest recelvable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notification of the interest paid or payable by the
institution with whom the funds are deposited.
2.6 Tanglble flxed assets and depreclatlon
Tangible fixed assets costing £NIL or more are capilalised and recognised when future economic
benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tsngible fixed asset into its intended working condition should be
included in the measurement of cost.
Al each reporting dale the Charity assesses whether there is any indication of impairment. If such
indication exists, the recoverable amount of the asset is determined lo be the higher of its fair value
less costs to sell and ils value in use. An impairment loss is recognised where the carrying amount
eX￿edS the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives,
Depreciation is provided on the following basis..
Freehold propety
Plant and machinery
Motor vehicles
Office equipment
Computer equipment
20k straight line
250h straight line
250h reducing balan
250h straight line
330k straight line
2.7 Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
Page 14

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles Icontlnuedl
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
2.9 Llabllltles and provlslons
Liabilities are recognised when there is an obligation at the balance sheet dale as a result of a past
event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay lo settle the debt or the
amount il has re￿iVed as advanced payments for the goods or setvices it musl provide.
Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the statement of financial activities as a finance cost.
2.10 Flnanclal Instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequently
measured at amortised cost using the effective interest method.
2.11 Flnanee leases and hlre purchase
Assets obtained under hire purchase contracts and finance leases are capilalised as tsngible fixed
assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their
useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases
are those where substsntially all of the benefits and risks of ownership are assumed by the Charity.
Obligations under such agreements are included in creditors, net of the finance charge allocated to
future periods. The finance element of the rental payment is charyed to the statement of financial
activities so as to produ￿ a constant periodic rate of charge on the net obligation outstanding in each
period.
2.12 Operatlng leases
Rentals paid under operating leases are charged lo the statement of financial activities on a straight
line basis over the lease temi.
Page 15

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Accountlng pollcles Icontlnuedl
2.13 Fund accounting
General funds are unreslricled funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Restricted funds are funds which are to be used in accordan￿ with specific reslriclions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Income from donatlons and legacles
Restrlcted Unrestrlcted
funds
funds
2024
2024
Total
funds
2024
Donatlons
Tithes
Collection al all services
Gift Aid
123,654
164,104
43,745
123,654
164,104
43,745
Similar incoming resources
Bookstall income
Welfare Collection
853
853
Provin￿ Funds
10,595
10,595
4.387
cOnfereen￿ registration & offering
4,387
Subtotal detailed disclosure
10,595
336,743
347,338
Donations
2,630
2,630
Subtotal
2,630
2.630
10,595
339,373
349,968
Page 16

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Income from donatlons and legacles Icontlnuedl
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Donatlons
Tithes
Colleclional all services
Gift Aid
Similar incoming resources
Bookstall income
Other income
Church Bus Pledge
provin￿ Funds
Conference registration & offering
132,607
178,549
44,643
132,607
178,549
44,643
2,340
528
2,340
528
9, 734
9, 734
3,943
3,943
Subtotal detailed disclosure
9, 734
362,610
372,344
Donations
Similar incoming resources
22,169
6,883
22,169
6,883
Subtotal
29,052
29,052
9, 734
391,662
401,396
Investment Income
Unrestrlcted
funds
2024
Total
funds
2024
Investment income - rental income
Investment income - interest re￿1vable
10,312
259
10,312
259
10,571
10,571
Page 17

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Investment Income Icontlnuedl
Unrestricted
funds
2023
Total
funds
2023
Investment income - ￿nI81 income
Investment income - interest receivable
12,220
171
12,220
171
12,39f
12,391
Anatysis of grants
Grants to
Institutions
2024
Total
funds
2024
Grants- Missionary
57,477
57.477
Grants to
Institutions
2023
Tot81
funds
2023
Grants- Missionary
53,960
53,960
The Charity has made the following Material grants to institutions during the year..
Page 18

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of grants Icontlnuedl
2024
2023
Name of institution
RCCG World Evangelism
RCCG Central Offi
RCCG Camp Ground
RCCG Province
RCCG Other Charities
RCCG Others
41.392
2,300
33,113
3,056
8,000
2,559
3,880
3,102
250
5.185
RCCG African Mission
God's Vinelard Church
RCCG Power of Jehovah
RCCG Fountsin of Life
The Kingfisher International CSR Philippines
The Redeemed Church Building
RCCG City ofJoy
Mrs Olapeju Okoli Foundation
RCCG FestlV81 of Hymns
Phillip A Phillips
1,100
2.000
2.000
1,000
600
500
500
500
200
200
57.477
53,960
57,477
53,960
Anatysis of expenditure on charitsble activities
Summary by fund type
Restricted Unrestricted
funds
funds
2024
2024
Total
2024
Support costs
Direct costs
21,697
304,266
93,054
325,963
93,054
21,697
397,320
419,017
Page 19

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture on charltable actlvltles Icontlnuedl
Summary by fund type Icontlnuedl
Restricted Un￿Stricted
funds
funds
2023
2023
Total
2023
Support costs
Direct costs
21,608
238,453
98,338
260,061
98,338
21,608
336,791
358,399
Summary by expenditure type
Staff costs Depreciation Other costs
2024
2024
2024
Total
2024
Support costs
Direct costs
73,433
50,856
201,674
93,054
325,963
93,054
73,433
50,856
294,728
419,017
staff costs Depreciation Olh8r costs
2023
2023
2023
Total
2023
Support costs
Direct costs
64,942
45,249
149,870
98,338
260,061
98,338
64,942
45,249
248,208
358,399
Page 20

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture by actlvltles
Advanceme
ntof
christian
faith
2024
Grant
funding of
actlvities
2024
Support
costs
2024
Total
funds
2024
Support costs
Direct costs
325,963
325,963
93,054
35,577
57,477
35,577
57,477
325,963
419,017
Advancemen
È of christian
faith
2023
Grant
funding ol
2Ctivities
Support
costs
2023
Total
funds
2023
2023
Direct costs
260,061
260,061
98,338
Support costs
44,378
53,960
44,378
53,960
260,061
358,399
Analysis of direct costs
Advanceme
ntof
christian
faith
2024
Total
funds
2024
Visiting Ministers expenses
Rates
Evangelism & special events
Ministry expenses
14,720
9,780
991
10,086
14,720
9,780
991
10,086
35,577
35,577
Page 21

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture by actlvltles Icontlnuedl
Analysls of dlrect costs {contlnued}
Advancemen
t of christian
faith
2023
Total
funds
2023
Visiting Ministers expenses
Rates
Evangelism & special events
Ministry expenses
15,720
8,622
11,258
8, 778
15,720
8,822
11,258
8,778
44,378
44,378
Anatysis of support costs
Page 22

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Analysls of expendlture by actlvltles Icontlnuedl
Analysls of support costs Icontlnuedl
Total
funds
2024
Total
funds
2023
Staff costs
73,433
50.856
991
9,981
4,892
64,942
45,249
1,685
19,100
3,836
95
2,816
16,947
15,607
460
1,220
743
Depreciation
Music and euipmenl
Gas and electricity
Insuran
Telephone
Cleaning
Loan interest
5.296
15,610
41,668
410
6.274
636
Welfare
Payroll service fees
Printing, postages and stationery
Bank charges
Conference and Meetings
Motor expenses
Travel
,770
3,072
8,297
6,844
21,608
3,603
18,304
1,68T
2,586
4,024
5,850
4,80T
13.718
21,697
3,563
26.518
95
Mortgage interest
Training
Admin services & costs
Dues and subscriptions
Advertising and promotion
Volunteer costs
7,986
5.850
2.617
Bookkeeping and accounting services
Computer and IT support
Legal fees
Health and safety
Repairs,renewals and maintenance
Community Engagements costs
Independent Examiners, fees
1,316
11.596
363
827
2,052
1,800
2,000
2,000
325,963
260,061
Page 23

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Independent examlner's remuneratlon
2024
2023
Fees payable lo the Charity'5 independent examiner for the independent
examination of the Charity's annual accounts
2.000
2,000
staff costs
2024
2023
Wages and salaries
Social security costs
66.734
6.699
64,942
73,433
64,942
The average number of persons employed by the Charity during the year was as follows..
2024
No.
2023
No.
Ministry
No employee re￿iVed remuneration amounting lo more than £60,000 in either year.
10.
Trustees. remuneration and expenses
During the year, no Trustees re￿iVed any remuneration or other benefits (2023- £NIL).
During the year ended 31 December 2024, no Trustee expenses have been incurred (2023- £NIL).
Page 24

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
11. Tanglble flxed assets
Freehold
property
Plant and
machinery
Motor
vehicles
Computer
equipment
Total
Cost or valuation
At 1 January 2024
Additions
1.391.856
130,493
27.594
93.081
11.825
1,643,024
11,825
At 31 December 2024
1,391,856
130,493
27,594
104.906
1,654,849
Depreclatlon
At 1 January 2024
Charge for the year
Other unallocated
269,538
27.837
111,160
6,088
23,947
912
54,653
16.019
459,298
50,856
At 31 December 2024
297,375
117.247
24.859
70.673
510,154
Net book value
At 31 December 2024
1.094.481
13,246
2.735
34.233
1.144,695
At 31 De￿mber 2023
7, 122,318
19,334
3,647
38,428
7,183,72T
12. Debtors
2024
2023
Due within one year
Other debtors
722
723
722
723
13. Creditors: Amounts falling due within one year
2024
2023
Bank loans
Social security
Accruals
53,378
5.783
8.150
53,378
4,96T
8,150
Page 25

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
13. Credltors: Amounts falllng due wlthln one year {contlnued)
2024
2023
67,311
66,495
14. Creditors: Amounts falling duo after more than one year
2024
2023
Bank loans
204,495
182.644
224,200
190,390
other loans
387.139
414,590
The aggregate amount of liabilities payable or repayable wholty or in part more than five years after the
porting dale is.
2024
2023
Payable or repayable by instalments
261,530
277,578
261,530
277,578
The loan outstanding is a repayment mortgage of the church building al Heath House, Heath Business
Cenlre, off Whitehall Road, Colchesler, Essex C02 8HG.
Page 26

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Statement of funds
Statement of funds - current year
Balance at
31
December
2024
Balance at 1
January
2024
Income Expendlture
Unrestricted funds
General Funds 1
668,862
349,945
1397,320}
621,487
Restricted funds
Reslricled Fund 1
182.020
10,595
121.697}
170,918
Totsl offunds
850,882
360,540
1419,017)
792,405
Page 27

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
15. Statement of funds (contlnuedl
Statement of funds - prlor year
Balan￿ at
31
December
2023
Balance al
l January
2023
Income Expenditur8
Unrestricted funds
General Funds 1
601,600
404,053
(336, 791J
668,862
B818nce 8t
31
December
2023
58lènce al
1 J8nu8ry
2023
Income Expenditure
Restricted funds
Restricted Fund 1
193,894
9, 734
{21,608)
182,020
Total of funds
795,494
413,787
(358,399)
850,882
16. Summary offunds
Summary offunds - current year
Balance at
31
Oecember
2024
Balance at 1
January
2024
Income Expenditure
General funds
Reslricled funds
668,862
182.020
349,945
10,595
1397,320)
121.697}
621,487
170,918
850,882
360,540
1419,017}
792,405
Page 28

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
16. Summary of funds Icontlnuedl
Summary offunds - prlor year
Balan￿ at
31
December
2023
Balance al
l January
2023
Income Expenditur8
General funds
Reslricled funds
601,600
193,894
404,053
9, 734
(336, 791)
(21,608J
668,862
182,020
795,494
413,787
(358,399)
850,882
17. Analysis of net assets botween funds
Analysis of net assets between funds - current poriod
Restricted Unrestricted
funds
funds
2024
2024
Total
funds
2024
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
170,918
973,778
102,159
167,3111
1387,1391
1,144,696
102,159
167,3111
{387,1391
Total
170,918
621,487
792,405
Anatysis of net assets between funds - prior period
Restricted Unrestricted
funds
funds
2023
2023
Total
funds
2023
Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
Other unallocated
182,020
1,001, 707
148,241
(66,495)
(414,590)
1, 183, 727
148,241
(66,495)
(414,590)
Total
182,020
668,862
850,882
Page 29

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
18. Reconclllatlon of net movement In funds to net cash flow from operatlng actlvltles
2024
2023
Nel incomelexpendilure for the period las per Statement of Financial
Activities)
(58,478)
55,388
Adjustments for:
Depreciation charges
AmortlS8tion charges
Intere51s and rents from Investments
Decrease in debtors
Increaselldecreasel in creditors
23,019
27,837
{10.571)
17,412
27,837
(12,391)
23,886
(2,230)
816
Net cash provided byllused inl operating activities
117,376)
109,902
19. Analysis of cash and cash equivalents
2024
2023
Cash in hand
101,437
147,517
Totsl cash and cash equivalents
101,437
147,517
20. Analysis of changes in net debt
At1
January
2024 Cash flows
At31
December
2024
Cash al bank and in hand
Debt due within 1 year
Debt due after 1 year
147.517
153.3781
{414,5901
{46.080}
101.437
153.3781
{387,1391
27,451
{320.4511
118.629}
{339.0801
Page 30

THE REDEEMED CHRISTIAN CHURCH OF GOD- STILLWATERS COLCHESTER
IA company limited by guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
21. Related party transactlons
The Charity has not entered into any related paty transaction during the year, nor are there any
outstanding balances owing between related parties and the Charity at 31 December 2024.
Page 31