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2024-12-31-accounts

THE REDEEMED CHRISTIAN CHURCH OF GOD

COVENANT RESTORATION ASSEMBLY PERRY BARR

633 HAGLEY ROAD WEST

BIRMINGHAM

B32 1BY

FINANCIAL STATEMENT FOR THE YEAR ENDED

31[ST] DECEMBER 2024

THE REDEEMED CHRISTIAN CHURCH OF GOD

COVENANT RESTORATION ASSEMBLY PERRY BARR

633 HAGLEY ROAD WEST

BIRMINGHAM

B32 1BY

FINANCIAL STATEMENT FOR THE YEAR ENDED

31[ST] DECEMBER 2024

THE REDEEMED CHRISTIAN CHURCH OF GOD

COVENANT RESTORATION ASSEMBLY PERRY BARR FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2024

CONTENT PAGE
Corporate Information 5
Finance Statement for the Year 6
Board of Trustee’s Report 7-9
Independent Examiner’s Report 10
Income and Expenditure Statement 11-13
Balance Sheet 14
Notes to the Accounts 15-16

CORPORATE INFORMATION

Charity Registered Number: 1143652 Company Limited by Guarantee Number: 7745074

Board of Trustees

  1. Pastor Kolawole Akinbi Chairman

  2. Pastor Tokunbo Ibikunle Member 3. Pastor Mrs. Itunu Obileye Member Member

  3. AP Clement Tunde Ogedengbe Member 5. Pastor Ezekiel O Obileye. Pastor in charge / Secretary

Registered Office

633 Hagley Road West Birmingham B32 1BY

West Midlands United Kingdom

Tel: 01217494442, 07877496683

Email: rccgcovenantperrybarr@yahoo.co.uk

Bankers:

HSBC BANK PLC SMETHWICK, BIRMINGHAM

Accountant:

Heritage Accounting Services

27, Cleveland Street Wolverhampton WV1 3HT

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FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER 2024

ACCOUNTING POLICIES

Scope and Basis of the financial statements

The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the statement of Recommended Practice “Accounting and Reporting by Charities” published in March 2007.

The charity has taken advantage of the concession which allows it to publish only a statement of financial activities. The charity generated a total income of £202,282 and had a surplus of £52,939 during the year.

Income

Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.

Expenses

Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises.

Majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to a particular heading, they have been allocated to activities on a basis consistent with the use of resources.

Fixed assets

Fixed assets are stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

Equipment 25%

Cash Flow statement

The financial statements do not include a cash flow statement as charity has taken advantage of the exemption from preparing such a statement that are available to smaller entities.

Fund accounting

Unrestricted funds are 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.

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REPORT OF THE BOARD OF TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD COVENANT RESTORATION ASSEMBLY PERRY BARR BIRMINGHAM

The Trustees present their annual report and financial statements of the Charity and Charitable Company for the year ended 31st December 2024.

The Trustees and Directors confirm that the annual report and financial statements of the Charity comply with the Charities Act 1993, as amended by the Charities Act 2006, and the provisions of the statement of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” issued in March 2005. The Management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust. The organisation of the charity is controlled by the Trustees.

Constitution Policies

The objective of the charity is the advancement of the Christian faith worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule 2.2.2 and the relief of poverty 2.3. The trustees use the income and the capital of the trust in promoting the objects.

Objectives of the Charity, Principal Activities and Organisation of our Work

The Redeemed Christian Church of God Covenant Restoration Assembly Perry Barr is a community-based Christian charity involved in holding Christian worship services and activities, preaching the gospel of Jesus Christ, and reaching out to the community on Christian faith related matters as well as other programmes that are beneficial to the general public. We are also involved in providing counselling to our members and helping those having financial challenges aimed at relief of poverty due to cost of living and food pressures. The principal activities of the Church are Christian worship, Christian outreach programme to increase Christian awareness and spread of the gospel of our Lord Jesus Christ and development of the whole man, spiritually, mentally, and physically.

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Development, Activities Outreach Ministry and Achievements in the year.

The charity’s main activities are tailored towards developing both the physical and spiritual needs of members and the public in the local community. The public also have opportunity to benefit through our internet and social media platforms. During the year, the charity organised various workshops, outreaches and interactive sessions open to members and the public.

Charity governance matters are as follow :

The church operates from its leased auditorium at 42 and 1st Floor 42b Lozells Road, Birmingham B19 2TH. The church has a working in partnership arrangements with the leases of 44 Lozells Road to utilise their cold room facilities for safe storage of food items requiring preservation before they are distributed to community members as required, in conformity with health and safety regulations. Renovation works and maintenance of the new auditorium continued to be undertaken to meet our requirements. By the grace of God, funding for some of the capital projects were met by members voluntary donations, and the Gift Aid receipt.

The church continues to provide additional palliative and counselling to those who are mostly affected by the high cost of living since the pandemic in the community and people facing domestic violence as well as new settlers in the country facing settling down challenges including accommodation, food, work and schools for their children. The church has been holding hybrid meetings - mix of virtual and inperson/onsite. The technology to enhance these continued to be updated. To God be the glory of God, the church's ministry and outreach work were very challenging, but they also present opportunities to positively impact lives of vulnerable people and the members in difficult circumstances. Services continued to go on very well with several special programmes and outreaches as planned and specially arranged by the various departments. We continued to witness testimonies of soul winning, births of babies, wedding blessings and progress in the areas of community engagement and cohesion.

8

Risk and Incident Report

To the glory of God there was no negative incident involving personal injury to any member of the church or the public in general.

Related Party Relationship, Donation and Grant Making Policies:

The charity is a member of the Redeemed Christian Church of God UK (RCCG) which has parishes all over the world including the UK. The relationship is governed by an Agreement of Common Purposes between the parishes in the UK and the RCCG UK Central Office. Under the ‘Agreement for Common Purposes’, Redeemed Christian Church of God Covenant Restoration Assembly Perry Barr has agreed to make regular contributions to the World Evangelism Mission of the RCCG UK (WEM), and contributions towards the running of the Mission’s UK Central Office (COF). In addition, the church also supports missionary organisations such as Festival of Life and African Mission that are also of the RCCG UK, other programmes anchored by the Mission’s General Overseer such as the Ordained Ministers Conference among others, support to the tiers of RCCG UK Administration structure at Area, Zonal and Provincial levels for specific planned joint programmes and other evangelical work of the RCCG Mission in theUK as well as support to other RCCG Parishes in the UK. The church also provided support to members and community members in need as well as organisations supporting vulnerable people such as Compassion UK, UCB for their ‘Word for Today’ that we use for evangelical purposes and to enrich our members’ spiritual depth.

Review of Activities : During the year, the charity received a total of £202,282 from church services and sources stated in the accounts. The financial statement for the year is shown in the annexed accounts.

Reserves Policy

It is the policy of the Trustees to work towards holding the minimum reserves necessary to enable the charity to meet its commitments for a minimum period of three months.

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Trustees’ Responsibilities

Charity law applicable to charities in England/Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charity and of the surplus or deficit of the charity for the period. In preparing those financial statements, the Trustees have:

Selected suitable accounting policies and applied them consistently.

Made judgments and estimates that are reasonable and prudent.

Dated this 26th day, of September 2025.

Pastor Kolawole Akinbi

(CHAIRMAN BOARD OF TRUSTEE).

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INDEPENDENT EXAMINER’S REPORT TO THE BOARD OF TRUSTEE

OF

THE REDEEMED CHRISTIAN CHURCH OF GOD

COVENANT RESTORATION ASSEMBLY PERRY BARR

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December,2024.

As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts 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)(b) of the Act.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the 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 to enable a proper understanding of the accounts to be reached.

HERITAGE ACCOUNTING SERVICES. September 28, 2025

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REDEEMED CHRISTIAN CHURCH OF GOD,

COVENANT RESTORATION ASSEMBLY PERRY BARR. INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR

ENDED 31ST DECEMBER, 2024

COVENANT RESTORATION ASSEMBLY PERRY BARR.
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR
ENDED 31ST DECEMBER, 2024

Notes
2024
INCOME
£
VOLUNTARY INCOME
TITHE
88,918
OFFERINGS
37,466
THANKSGIVING
7,582
TOTAL VOLUNTARY INCOME
OTHER RECEIPTS
GIFT AID
58,273
OTHER RECEIPTS -burial support
5,585
PROJECT INCOME
2,500
INTEREST RECEIVED
1,958
TOTAL INCOME
EXPENSES
COST OF GENERATING INCOME
RENT
21,600
FINANCE CHARGES-CARD PAYMENT
3,080
SALARIES-VOLUNTEERS
16,011
TELEPHONE
747
PENSIONS
1,517
RESOURCES-BOOKS AND TAPES
522
PRINTING AND STATIONERY
139
TRAVELLING & TRANSPORTATION
9,787
SUNDRY EXPENSES
1,008
INTERNET & WEBSIDE
185
BUILDING DECORATION
-
INSURANCE
3,387
MOTOR EXPENSES
8,128
RETREATS, CONFERENCES & TRAINING
3,092
HONORARIUM - PROGRAME AND EVENTS
3,237
MAINTENACE & EQUIPTMENT LEASING
638
SANITATION
415
UTILITY
13,467
CHOIR
TOTAL COST OF GENERATING INCOME		 2023
£
£
89,093
20,940
9,484
133,966
119,517
28,583
15,440
1,238
68,316
45,262
202,282
164,779
21,600
1,171
13,773
610
1,193
1,235
1,010
3,233
79
2,644
210
2,786
8,756
1,863
4,370
100
570
11,604
500
86,960
77,307

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NOTES
1 CASH AND BANK BALANCES £
BANK BALANCES 57,016
SAVINGS ACCOUNT 103,422
160,438
2 SUNDRY CREDITORS £
HOUSE FELLOWSHIP 754
COVID Loan 11,532
African Mission 559
WEM 500
ACCRUED RENT 1,800
THANKSGIVING 5,715
FIRST FRUIT 6,275
27,135
3
4		 DEBTORS AND PREPAYMENT
Rent Security Deposit
FIXED ASSETS
Motor
vehicles
COST
£
Balance 1/1/2023
9,293
Additions		 5,400
5,400
Equipts
Furniture
Building
Fittings
Partition
TOTAL
£
£
£
£

43,210
10,051 62,842
125,396
22,757
719 11,03434,509
Total
9,293		 65,967
10,770 73,876
159,905
DEPRECIATION
Balance 1/1/2023
4,973
Additions
2,323		 36,006
8,458 12,216 61,653
9,376
1,773 2,701 16,173
Total
7,296		 45,382
10,231 14,917 77,826
NET BOOK VALUE
AS AT31/12/2023
4,320		 7,204
1,593 50,626 63,743
AS AT31/12/2024
1,997		 20,585
53958,95982,079

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