Charity Registration No. 1141926 Company Incorporation No. 07512654 THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHAPEL FOR ALL NATIONS Report & Financial Statement For Year Ended 31 March 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD -CHRIST CHAPEL FOR ALL NATIONS YEAR ENDED 31 MARCH 2025 REPORT AND FINANCIAL STATEMENTS CONTENTS PAGE REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENT 8-13
THE REDEEMED CHRISTIAN CHURCH OF GOD - CHRIST CHAPEL FOR ALL NATIONS GENERAL INFORMATION BOARD MEMBERS, OFFICERS, ADVISERS AND BANKERS General Overseer Pastor E A Adeboye Trustees The trustees who served during the period were as follow." Pastor Mary Omoyele Afolabi Pastor Michael Okojie Pastor Sule Solomon Momodu- Appointed l October 2024 Mrs Olufunmilayo Omolara Awoliyi Mr Patrick Femi Omoya Mr Oyeyemi Adebowale Odjo Mrs Enitan Oluwatobi Odiaka -Appointed l October 2024 Mrs Wanda Seredynska Onipede -Resigned l October 2024 Minister In Charge Joseph Ayodeji Da-silva Registered Address 14 Farm Close Dagenham Essex RMIO 9TX Worship Address Woodman Community Centre Woodman Street North Woolwich London E162NF Bankers Lloyds Bank PLC Romford Market Branch 1-3 Market Place Romford RMI 3AA statutory Registratlon Charity Commission Registration Charity Number: 1141926 Company Registration Number: 07512654
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") CHRIST CHAPEL FOR ALL NATIONS YEAR ENDED 31 MARCH 2025 Report of the Trustees The trustees present the annual report and financial statement of The Redeemed Christian Church of God ("RCCG") Christ Chapel for all Nations for the year ended 31 March 2025. Principal Activities The principal activities of this Charity is the advancement of the Christian faith worldwide and the relief of poverty. The organisation was incorporated in England and Wales on the 1st of February 2011 and was registered as a charity on the 16th May 2011. Overall control of the organisation is the the responsibility of the board of trustees who are also the directors for company purposes. These responsibilties have been delegated and vested in the Minister in charge and the Charity administrator. The Minister in Charge; who is the set man of the organisation carry out the day to day management of the Charity. He is assisted by the Charity's adminstrator and a team of voluntary workers to whom responsibilities are delegated. The Minister in Charge liase regularly with the charity's board of trustees on crucial issues that may affect the Charity. Financial review The Charity's financial statement for the year ended 31 March 2025 shows a net Surplus of £7,732 (2024: £4,126). Reserves are required in the event of possible emergencies, unexpected events and to ensure contigency plans are adequately funded. Related party relationship RCCG Christ Chapel for all Nations is a member of the Redeemed Christian Church of God worldwide. This relationship is governed by an 'agreement of common purposes, between our parish and RCCG UK. Risk management In order to safeguard the welfare of children and young people the church operates a child protection policy • barring service (DBS) check. They are trained in safe work practice and work under approved guidelines Grant making policies The Church assist poor members in the community facing hardship caused by sudden emergency i.e loss of job etc. We also supported national crisis humanitarian effort such as the phillipines disaster appeal through recognised agencies.
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") CHRIST CHAPEL FOR ALL NATIONS YEAR ENDED 31 MARCH 2025 Report of the Trustees (Continued) Volunteers RCCG Christ Chapel for all Nations is grateful to all it's volunteers for their dedication and selfless support through out the year, in ensuring that the charity continue to meet the needs of the people and remain relevant within our local community. Public Benefit In establishing it's programmes and activities of RCCG Christ Chapel for all Nations, the trustees consider its benefit to the general public within the community and in line with it's charity objects of advancing christian faith in United Kingdom and the relief of poverty in the lives of the public. The trustees ensure that the Charity Comrnission's guidelines on public benefit are followed in all their operations, planning and decision making. Trustees. responsibilitles Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the charity and of the charity and of the surplus or deficit of the charity for that period. In preparing those financial statements the trustees have: * Selected suitable accountinR policies and applied them consistentlv; Made judgements and estimates that are reasonable and prudent. Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and * Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Trust will continue in operation). * The trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which 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 FRS 102 Charities SORP and Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. This report was approved by the board of trustees on the ..{.bfj ro ¢.4.k-¥m............ 2025 Mr Patrick Femi Omoya: For: The Board of Trustees
Independent Examiner's Report to the Trustees of REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") CHRIST CHAPEL FOR ALL NATIONS We report on the accounts of the Redeemed Christian Church of God ("RCCG") - Christ Chapel For All Nations for the year ended 31 March 2025, which are set out on pages 6 to 11. Respective responsibilities of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligilbe for independent examination, It is my responsibility to= examine the account under (section 145 of the 2011 Act; to following the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention Basis of independent examinerfs report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination indudes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The prOdureS undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view and thereport is limited to those matters set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that, in any material respect the requirements: to keep accounting records in accordan with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of the section 386 of the Companies Act 2006 and with the methods and principles of the Statement of Recommemded Practice: Accounting and Repoting by Charities (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Veronica Campbell FAAT 119 Woodcocks Beckton E16 3L . 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHAPEL FOR ALL NATIONS STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2025 2025 2024 Notes Unrestricted Fund Unrestricted Fund INCOME Income from activities in furtherance of charitable objects other incoming resource 25,324 6,189 16,934 4,176 Total Income 31,513 21,110 EXPENDITURE Charitable expenditure: Grants and donation Costs of activities for charitable objectives Support costs Management and administration 4,790 11,140 3,955 3,896 6,298 6,181 2,241 2,264 Total Resources Expended 23,781 16,984 Net Income 7,732 4,126 Total Funds brought forward 4,877 751 12,609 4,877
THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHAPEL FOR ALL NATIONS BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed assets Tangible fixed assets 1,271 Current assets Debtors Cash at bank 7,837 3,971 4,141 2,676 11,808 6,817 Creditors: amount falling due within one year 10 ( 470) ( 700) Net current assets 11,338 6,117 Total assets less current liabilities 12,609 6,117 Creditors: amount falling due after more than one year ( 1,240) 12,609 4,877 Income Funds Unrestricted Funds- General Funds 12,609 4,877
THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHAPEL FOR ALL NATIONS BALANCE SHEÈT (Contlnued) AS AT 31 MARCH 2025 In preparing this financial statement: l. The directors are of the opinion that the company is entitled to exemption from audit under section 477 (2) of the Companies Act 2006 relating to small companiE" 2. No notice has been deposited under section 476 of the Companies Act 2006 and 3. The directors acknowledge their responsibilities for; . Ensuring that the company keep accounting records which comply with section 386 of the Companies Act 2006 and . Preparing accounts which give true and fair view of the state of affairs of the company as at the end of the financial year and of it's surplus and deficit in accordance with the requirements of section 396, and which otherwise comply with the requirements of this Act relating to accounts. so far as applicable to the comp( This financial statement have been prepared in accordance with the provisions applicable t, companies subject to the small companies regime. Approved on behalf of the board of trustees on the ?() ffft41 2025 Mrs Olufunmilayo Awoliyi Trustee Mr Patrick Femi Omoya Trustee
THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHAPEL FOR ALL NATIONS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2025 l. Accounting policy The principal accounting policies, all of which have been applied consistently throughout the year, are set out below: (a) Scope and basis of the financial statements The financial ststements have been prepared under the historical cost convention and in accordance with applicable accounting stsndards and The Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005) issued in March 2005. (b) Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the parish and which have not been designated for other purposes. (c) Income All income is accounted for when the Charity ha5 entitlement to the funds, the amount can be quantified and there is certainty of receipt. (d) Expenditure All expenditure is accounted for on accrual basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources. Grant payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attached are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. (e) Cash flow The financial statements do not include a cash flow statement because the church, as a small reporting entity, is exempt from the requirement to prepare such a statement under the financial Reporting Standard for Smaller Entities (effective June 2002). (f) Tangible fixed assets and depreciation All assets costing more than £200 are capitalised. Tangible fixed assets are stated at cost and depreciated on a straight line basis over their useful economic lives as follows: Church Equipment Furniture & Fittings 25/
THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHAPEL FOR ALL NATIONS NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 31 MARCH 2025 2025 Unrestricted Fund 2024 Unrestricted Fund 2. Income from Activities in furtherance of Charitable Objects Tithes & Offering 25,324 16,934 25,324 16,934 3. Other Incoming Resources other income Gift Aid 52 6,137 35 4,141 6,189 4,176 4 Grants and Donations RCCG- World Evangelical Mission RCCG- Central Office Fund Festival of Life RCCG REGION 7/African Mission UK Habitation of Hope Evangelical Alliance RCCG Camp ground Annual Holy Ghost Congresses & Coventions other Grants & Donations 1,712 550 240 110 120 108 240 1,610 100 4,790 1,300 600 240 90 120 108 2,190 900 750 6,298
THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHAPEL FOR ALL NATIONS NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 31 MARCH 2025 2025 Unrestricted Fund 2024 Unrestricted Fund 5. Cost of Activities for Charitable Objective Rent Welfare Honourarium Publicity and Outreach Newham Table Tennis Club Church events and programmes other Seminars, Conferences & Congress 4,375 1,490 1,300 539 675 1,750 1,01 I 11,140 3,780 451 188 480 794 489 6,181 6. Support Cost Books & CDS Telephone, Internet, conference call. Training & Development Transportation Website and advertisment Bank Loan Charges Repairs & Renewal Depreciation Insurance other Church Expenses 617 374 500 127 72 23 429 50 261 1,502 3.955 528 284 300 72 38 182 250 261 326 2,241 10
THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHAPEL FOR ALL NATIONS NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 31 MARCH 2025 2025 2024 7. Management and Administration Accountancy fees staff cost other professional and consultancy cost 350 2,634 912 3,896 350 1.914 2,264 8. Tangible fixed assets Church Equipments Total Assets Cost At 01 /04/24 Additions Disposal At 31 /03/25 1,321 1,321 1,321 1,321 Accumulated Depreciation At 01 /04/24 Depreciation for the year Disposal At 31 /03/25 50 50 50 50 Net Book value At 31/03/25 1,271 1.271 At 31 /03/24 11
THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHAPEL FOR ALL NATIONS NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 31 MARCH 2025 2025 2024 9. Debtors Accrued Income- Gift Aid other debtors 6,137 1,700 7,837 4.141 4,141 l O. Creditors: Falling due within l year Tax and Social Security Accurals Accounting fees 120 350 350 700 350 470 I l. Creditors: Falling due more than l year Bank Loan 1,240 12
THE REDEEMED CHRISTIAN CHURCH OF GOD CHRIST CHAPEL FOR ALL NATIONS NOTES TO THE FINANCIAL STATEMENTS (Contd) YEAR ENDED 31 MARCH 2025 2025 2024 12. Movement in funds Unrestricted Funds Unrestricted Funds Opening balance Net Income for the year 4,877 7,732 751 4,126 Balance at 31st March 12,609 4,877 13. Trustee Emoluments No remuneration or expenses were paid to the Trustee during the year. 14. Taxation RCCG Christ Chapel for all Nations is a registered charity and is eligible for the exemptions from taxation available to charities on their charitable activities. No charge to taxation therefore arises. 13