Redeemed Christian Church of God, Genesis Chapel
Report and Accounts
30 September 2025
The Charity Number - 1144397
Redeemed Christian Church of God, Genesis Chapel
Report and accounts for the year ended 30 September 2025
Contents
| Page | ||
|---|---|---|
| Charity information | 1 | |
| Trustees' annual report | 1 | |
| Statement of directors' responsibilities | 6 | |
| Independent accountant's report | 7 | |
| Funds Statements:- | ||
| Statement of financial activities | 9 | |
| Income and expenditure account | 11 | |
| Summary of funds | 11 | |
| Balance sheet | 12 | |
| Notes to the accounts | 13 |
Redeemed Christian Church of God, Genesis Chapel
Trustees' annual report for the year ended 30 September 2025
The trustees present their report and accounts for the year ended 30 September 2025.
Reference and administrative details
The charity name.
The legal name of the charity is:- Redeemed Christian Church of God, Genesis Chapel.
The charity is also known by its operating name, RCCG, Genesis Chapel.
The charity's areas operation and UK charitable registration.
The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) with charity number 1144397.
The charity does not operate in any overseas jurisdictions.
Legal structure of the charity
The charity is constituted as an unincorporated charity, established by Trust Deed. The governing document of the charity is the Trust Deed establishing the charity.
The governing document is dated 12 October 2011
There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by charity law.
The trustees are all individuals.
The principal operating address, telephone number, email and web addresses of the charity are:-
5 Brayford Square London, E1 0SG Telephone: 07908765674
Email Address: admin@genesischapel.org Web address www.genesischapel.com
The trustees in office on the date the report was approved were:-
Daniel Ogochukwu Ezeife Bankole Folusho Akinlade Olabimpe Onyekwelu Adeola Amokomowo
1
Redeemed Christian Church of God, Genesis Chapel
Trustees' annual report for the year ended 30 September 2025
Objects and activities of the charity
The purposes of the charity as set out in its governing document.
The primary objective of the charity is to reach out to people about the Christian faith with focus within Bethnal Green, its envrons and London.
Aims and purpose: �
a) To advance the Christian faith in accordance with the statement of belief appearing in the schedule hereto in London and such other parts of the United Kingdom or the world as the trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the trust.
b) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
The main activities undertaken in relation to those purposes during the year.
-
Provision of weekly church services on Wednesdays and Sundays to minister to the spiritual and material needs of the congregation. 2. Provision of daily prayer meetings to further equip the members of the church spiritually.
-
Provision of last Friday communion service, prayer and teaching meetings to further equip the members of the church spiritually.
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Provision of virtual events and meetings to meet the specific needs of target groups in the church such as men, women, singles, married, youths and children.
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Focusing on the material needs of certain members undergoing difficult financial situations.
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Working with other christian agencies and churches to advance the preaching of the Gospel.
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Provision of pastoral care for the members and other members of the community.
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Provision of YouTube and social media videos via the the REAL VIEW (a talk show), an informal way to preach the Gospel to the church and a wider audience.
The main activities undertaken during the year to further the charity's purpose for the public benefit.
Our main activities and who we tried to help are described below. All our charitable activities focus on the advancement of the Christian religion and the relief of poverty and sickness.
-
Ministering every week to the spiritual needs of the people through bible study, prayer meetings, counselling sessions, healing meetings and regular upload of messages on YouTube and social media platforms.
-
Our focus as a ministry and church is the outreach for souls.
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Provision of an iniative on social media to help members of the community in dealing with their self-worth, selfesteem and purpose.
-
Adopted a local estate near the church to support and help alleviate poverty by sharing gifts and/or food supplies throughout the year.
2
Redeemed Christian Church of God, Genesis Chapel
Trustees' annual report for the year ended 30 September 2025
The charity's strategies for achieving its aims and objectives in the future.
-
Organising conferences and seminars for the members and public.
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Collaborate with other charities that have same aims and objectives to enhance service delivery to the public .
-
Continue to spread the gopsel using the different social media platforms and other new resources available to the church.
The contribution of volunteers during the year.
There were 10 volunteers that contributed to the activties of the charity and these voluteers contributed a total of 20 hours per week during the charity's activities. The volunteers were not paid for the hours contributed during the year.
The main achievements and performance of the charity during the year.
The trustees are pleased to report that the church continued to be successful spiritually by ministering to many people in prayer and welfare. The church has improved in membership strength and is increasingly reaching out to the community.
The degree to which the achievements and performance during the year have benefited wider society.
Our church services and other church activitues are presented with both the regular congregants and visitors or seeker in mind. We minister to the physical, mental and spiritual needs of the members in our online services giving specific consideration to the seekers or new comers in our midst who may not necessarily have a church background and as such may not understand the processes and procedures of Christianity.
We have also helped relief poverty and hardship amongst both regular and irregular congregants who are suffering from a period of financial hardship due to unemployment, lack of financial resources and the recent recession.
Post-pandemic and due to the economic crisis, we continue to support our adopted estate by distributing gifts to them to share hope and the love of Christ in dire times.
Structure, governance and management of the charity
The methods used to recruit and appoint new charity trustees.
New trustees are elected on the basis of the contribution that they will make to the governance of the organisation and the skills that they will contribute. They are provided with copies of the Charity Commission's guidance to trustees and given an introduction to the activities of the charity by the existing board of trustees.
The policies and procedures for the induction and training of trustees.
Most trustees are already familiar with the practical work of the charity having been friends of the church for a number of years. Additionally, new trustees are invited and encouraged to function in the capacity as friends of the church in order to understand the offerings of the Church and its market. Additionally new trustees would be invited as required and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates.
3
Redeemed Christian Church of God, Genesis Chapel
Trustees' annual report for the year ended 30 September 2025
The charity's organisational structure.
RCCG, Genesis Chapel is governed by a board of trustees elected to serve the charity and run its affairs. Annually, the board reviews the range of skills it has available and uses its power of co-option to ensure that gaps are filled. There are a number of other criteria that a trustee must meet. The board of trustees are assisted by the Minister- in - charge and departmental leaders.
How the charity makes decisions and how decisions are delegated.
The board of trustees are responsible for the strategic direction and policy of the charity. A scheme of delegation is in place and the day to day responsibility for the provision of services rest with the Senior Pastor/Mimister-in-charge. He is ably assisted by an administrative team who implement day to day operations. The administrative team continues to develop their skills and working practices in line with good practice. �
The charity as a part of a wider network.
RCCG Genesis Chapel is a parish of The Redeemed Christian Church of God - a network comprising parishes all over the world. There is an agreement for common purposes entered into by RCCG Genesis Chapel with The Redeemed Christian Church of God Worldwide which documents this relationship.
| Bankers | Barclays Bank |
|---|---|
| Accountants | Crownwise Consult Limited |
| 1A Town Square | |
| Erith | |
| Kent | |
| DA18 1RE |
Financial review
The charity's financial position at the end of the year ended 30 September 2025
The financial position of the charity at 30 September 2025 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
| Restricted revenue funds Total funds Net income Unrestricted revenue funds available for the general purposes of the charity |
2025 £ 2,713 85,780 900 86,680 |
2024 £ (5,275) |
|---|---|---|
| 83,066 900 |
||
| 83,966 |
Financial review of the position at the reporting date, 30 September 2025 .
The trustees consider the financial performance by the charity during the year to have been satisfactory.
During the year, income of £46,621 (£34,987 in 2024) was received as voluntary donations. The net movement in funds for the period, as shown in the statement of financial activities, for the period was a surplus £2,713 (deficit of £5,275 in 2024). The value of RCCG, Genesis Chapel net assets at 30th September 2025 is £86,680 (£83,966 in 2024).
4
Redeemed Christian Church of God, Genesis Chapel
Trustees' annual report for the year ended 30 September 2025
Policies on reserves.
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.
�
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.�
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure.
Principal funding sources in the year and how these support the key objectives of the charity.
The charity's funding sources during the year was through online voluntary donations and gifts from members during weekly prayer meetings and through bank standing orders.
Plans for the future
Summary of plans for the future and the trustees' perspective of the future direction of the charity.
-
Take the REAL VIEW (talk show) a step higher by employing the services of professionals to produce and record the show to reach a wider audience.
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To organise an outreach program in our adopted estate to share the gospel in an unconventional way to the residents and locals.
-
Dedicate a Sunday a monthly for outreach activities where people can come in and hear about the gospel of Jesus Christ.
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Design an Alpha course to be held once a month to serve as an outreach program in community.
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Organise different in-reach programs throughout the year to express the love of God to people and further establish their own church
-
Recruit and train more volunteers throughout the year to expand the work of the kingdom.
Details of the independent examiner
Mr Adeniyi Zaccheus
Chartered Certified Accountants 1A Town Square
Erith Kent DA8 1RE
5
Redeemed Christian Church of God, Genesis Chapel
Trustees' annual report for the year ended 30 September 2025
Statement of trustees' responsibilities
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. Notwithstanding the explicit requirement in the extant statutory regulations,the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the trustees determined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), .
In particular, charity law requires the trustees, if they prepare accounts on an accruals basis, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the end of the financial year and of the surplus or deficit of the charity. In preparing those financial statements the Trustees are required to :-
-
to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). - select suitable accounting policies and apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business; - state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the year.
The trustees are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with regulations made under the Charities Act 2011. 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.
The trustees are also responsible for the contents of the trustees' report, and the statutory responsibility of the independent examiner in relation to the trustees' report is limited to examining the report and ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
This report was approved by the board of trustees on 15 December 2025.
Dan Ezeife Trustee
6
Redeemed Christian Church of God, Genesis Chapel
Report of the independent examiner to the trustees of the charity on the accounts for the year ended 30 September 2025
I report to the trustees on my examination of the financial statements of the charity on pages 9 to 20 for the year ended 30 September 2025 which have been prepared in accordance with the Charities Act 2011 (the Act) and with the Financial Reporting Standard 102, (effective 1st January 2016) adapted to meet the needs of unincorporated organisations, as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , and under the historical cost convention and the accounting policies set out on page 13.
Respective responsibilities of the trustees and the independent examiner and the basis of the report
As described on page 6, you, the charity's trustees, are responsible for the preparation of the financial statements in accordance with the Charities Act 2011 and all other applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller entities, and for being satisfied that the financial statements give a true and fair view.
The trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. As a consequence, the Trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the financial statements are not required to be audited under any legal provision, or otherwise, and are eligible for independent examination, it is my responsibility to:-
a) examine the financial statements of the charity under Section 145 of the Act;
b) follow the applicable procedures in the Directions given by the Charity Commission under section 145(5)(b) of the Act.
Basis of independent examiner's statement and scope of work undertaken
I report in respect of my examination of the charity's financial statements carried out under s145 of the Act. 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 setting out the duties of an independent examiner in relation to the conducting of an independent examination. An independent examination includes a review of the accounting records kept by the charity and of the accounting systems employed by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you, as Trustees, concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts and disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and does not cover all the matters that an auditor would consider in arriving at an opinion. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide
Consequently, I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtained written assurances from the Trustees of all material matters.
7
Redeemed Christian Church of God, Genesis Chapel
Independent examiner's statement, report and opinion
Subject to the limitations upon the scope of my work as detailed above, I have completed my examination: and can confirm that:-
This is a report in respect of an examination carried out under 145 of the Act and in accordance with Directions given by the Charity Commission under section 145(5)(b) of the Act which may be applicable;
and that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:-
accounting records were not kept in respect of the charity as required by with Section 130 of The Charities Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view, which is not a matter considered as part of an independent examination;
have not been prepared in accordance with the methods and principles set out in the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Mr Adeniyi Zaccheus
Chartered Certified Accountants
1A Town Square Erith Kent DA8 1RE
This report was signed on 15 December 2025
8
Redeemed Christian Church of God, Genesis Chapel
Statement of financial activities for the year ended 30 September 2025
| Income Donations 15 Investments 16 Total income Expenditure on: Charitable activities 20 Total expenditure Net income for the year Net income after transfers Reconciliation of funds:- Total funds brought forward Total funds carried forward Net movement in funds Notes |
Unrestricted funds 2025 £ 45,692 929 46,621 43,908 43,908 2,713 2,713 2,713 83,067 85,780 |
Restricted funds 2025 £ - - - - - - - - 900 900 |
Total funds 2025 £ 45,692 929 46,621 43,908 43,908 2,713 2,713 2,713 83,967 86,680 |
Total funds 2024 £ 34,018 969 |
|---|---|---|---|---|
| 34,987 | ||||
| 40,262 | ||||
| 40,262 | ||||
| (5,275) | ||||
| (5,275) | ||||
| (5,275) 89,242 |
||||
| 83,967 |
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
The notes attached on pages 13 to 19 form an integral part of these accounts.
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9
Redeemed Christian Church of God, Genesis Chapel
Resources applied in the year ended 30 September 2025 towards fixed assets for charity use:-
| use:- | ||
|---|---|---|
| Funds generated in the year as detailed in the SOFA Resources applied on functional fixed assets Net resources available to fund charitable activities |
2025 £ 2,713 - 2,713 |
2024 £ (5,275) - |
| (5,275) |
The resources applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals.
Movements in revenue and capital funds for the year ended 30 September 2025
Revenue accumulated funds
| Unrestricted Funds 2025 £ Accumulated funds brought forward 83,067 2,713 85,780 Closing revenue funds 85,780 Summary of funds Unrestricted and Designated funds 2025 £ Revenue accumulated funds 85,780 Recognised gains and losses before transfers |
Restricted Funds 2025 £ 900 - 900 900 Restricted Funds 2025 £ 900 |
Total Funds 2025 £ 83,967 2,713 86,680 86,680 Total Funds 2025 £ 86,680 |
Last year Total Funds 2024 £ 89,242 (5,275) |
|---|---|---|---|
| 83,967 | |||
| 83,967 | |||
| Last Year Total funds 2024 £ 83,966 |
The notes attached on pages 13 to 19 form an integral part of these accounts.
10
Redeemed Christian Church of God, Genesis Chapel
Income and expenditure account for the year ended 30 September 2025 as required by the Companies Act 2006
| Income Income from operations Interest receivable Other operating income Gross income in the year Expenditure Charitable expenditure, excluding depreciation and amortisation Depreciation and amortisation Governance costs Total expenditure in the year Retained surplus for the financial year All activities derive from continuing operations Net income before tax in the financial year Investment income |
2025 £ 45,692 929 - 46,621 42,674 734 500 43,908 2,713 2,713 |
2024 £ 34,018 969 - |
|---|---|---|
| 34,987 | ||
| 38,932 830 500 |
||
| 40,262 | ||
| (5,275) | ||
| (5,275) | ||
The notes attached on pages 13 to 19 form an integral part of these accounts.
11
Redeemed Christian Church of God, Genesis Chapel
Balance Sheet as at 30 September 2025
| Notes Fixed assets Tangible assets 7 Current assets Cash at bank and in hand 86,117 Net current assets Creditors: amounts falling due after more than one year 8 The total net assets of the charity Net assets |
2025 £ 1,063 82,670 86,117 87,180 (500) 86,680 |
2024 £ 1,796 82,670 |
|---|---|---|
| 84,466 (500) |
||
| 83,966 |
The total net assets of the charity are funded by the funds of the charity, as follows:-
| Restricted funds Restricted revenue funds 11 900 Unrestricted funds Unrestricted revenue funds 11 85,780 Total charity funds |
900 900 83,065 85,780 86,680 |
900 83,066 |
|---|---|---|
| 83,966 |
As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the SOFA..
The trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The charity is subject to independent examination under charity legislation, and the report of the independent examiner is on page 7.
The trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime.
Dan Ezeife Trustee
Approved by the board of trustees on 15 December 2025
The notes attached on pages 13 to 19 form an integral part of these accounts.
12
Redeemed Christian Church of God, Genesis Chapel
Notes to the Accounts for the year ended 30 September 2025
1 Accounting policies
Policies relating to the production of the accounts.
Basis of preparation and accounting convention
The accounts have been prepared on the accruals basis, under the historical cost convention, and in accordance with the Financial Reporting Standard 102, (effective 1st January 2016) and 'FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), published by the Charity Commission in England & Wales (CCEW) , effective January 2016, , and in accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has prepared the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to the previous SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. This has been done to accord with current best practice.
Risks and future assumptions
The charity is a public benefit entity.
The trustees are responsible to manage risks faced by the charity. The risks faced by the charity are financial and nonfinancial. The trustees have put in place management framework to manage the risks. Some of the risks faced by the charity are liquidity and funding, reputational, regulatory and operational.
Policies relating to categories of income and income recognition.
Nature of income
This is provided mainly through voluntary tithes and offerings by the church members. Pledges are also taken for specific projects.
Categories of Income
Income is categorised as income from exchange transactions (contract income) and income from non-exchange transactions (gifts), investment income and other income.
Income from a non-exchange transaction is where the charity receives value from the donor without providing equal value in exchange, and includes donations of money, goods and services freely given without giving equal value in exchange.
13
Redeemed Christian Church of God, Genesis Chapel
Notes to the Accounts for the year ended 30 September 2025
Income recognition
Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably.
Dividends are accrued when the shareholder’s right to receive payment is established.
Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
Policies relating to expenditure on goods and services provided to the charity.
Recognition of liabilities and expenditure
A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated..
Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates.
Volunteers
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the contribution from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid volunteers and this is described more fully in Note5.
Policies relating to assets, liabilities and provisions and other matters.
Tangible fixed assets
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, as described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated residual value over their estimated useful lives.
Musical Equipments
20 % straight line
Debtors
Debtors are measured at their recoverable amounts at the balance sheet date.
14
Redeemed Christian Church of God, Genesis Chapel
Notes to the Accounts for the year ended 30 September 2025
Cash and bank balances
Cash held by the charity is included at the amount actually held and counted at the year end. Bank balances, whether in credit or overdrawn, are shown at the amounts properly reconciled to the bank statements.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal or as implied by law.
2 Liability to taxation
The trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Added Tax is not recoverable by the charity, and is therefore included in the relevant costs in the statement of financial activities.
3 Winding up or dissolution of the charity
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.
4 Net surplus before tax in the financial year
| The net surplus before tax in the financial year is stated after charging:- Depreciation of owned fixed assets |
2025 £ 734 |
2024 £ 830 |
|---|---|---|
5 The contribution of volunteers
The charity depends on the support of its volunteers, which is much appreciated. The charity had 12 volunteers who donated 2,048 hours of their time stewarding events. Other volunteers undertook 40 hours of mailings and distributions. The arrangements with volunteers are difficult to value precisely in monetary terms and have not been recognised in the Statement of Financial Activities. The volunteers and the charity accept and agree that no contract of employment is created by these arrangements.
6 Remuneration and payments to trustees and persons connected with them
No trustees or persons connected with them received any remuneration from the charity, or any related entity.
15
Redeemed Christian Church of God, Genesis Chapel
Notes to the Accounts for the year ended 30 September 2025
7 Tangible fixed assets
| Current year Land and buildings £ Cost At 1 October 2024 - Additions - At 30 September 2025 - Depreciation At 1 October 2024 - Charge for the year - At 30 September 2025 - Net book value At 30 September 2025 - At 30 September 2024 - 8 Creditors: amounts falling due after one year Accruals 9 Income and expenditure account summary At 1 October 2024 Surplus after tax for the year At 30 September 2025 |
Land and buildings £ - - |
Music equipments £ 4,147 - |
Motor vehicles £ - - |
Total £ 4,147 - |
|---|---|---|---|---|
| - | 4,147 | - | 4,147 | |
| - - |
2,351 734 |
- - |
2,351 734 |
|
| - | 3,085 | - | 3,085 | |
| - | 1,062 | - | 1,062 | |
| - | 1,796 | - | 1,796 | |
| 2025 £ 500 |
2024 £ 500 |
|||
| 2025 £ 83,967 2,713 |
2024 £ 89,242 (5,275) |
|||
| 86,680 | 83,967 |
10 Particulars of how particular funds are represented by assets and liabilities
| At 30 September 2025 Tangible fixed assets Current assets Long term liabilities At 1 October 2024 Tangible fixed assets Current assets Long term liabilities |
Unrestricted funds £ 1,062 85,217 (500) |
Designated funds £ - - |
Restricted funds £ - 900 - |
Total Funds £ 1,062 86,117 (500) |
|---|---|---|---|---|
| 85,779 | - | 900 | 86,679 | |
| Unrestricted funds £ 1,796 81,770 (500) |
Designated funds £ - - - |
Restricted funds £ - 900 - |
Total funds £ 1,796 82,670 (500) |
|
| 83,066 | - | 900 | 83,966 |
16
Redeemed Christian Church of God, Genesis Chapel
Notes to the Accounts for the year ended 30 September 2025
11 Change in total funds over the year as shown in Note 10 , analysed by individual funds
| Unrestricted and designated funds:- Unrestricted revenue funds Total unrestricted and designated funds Restricted funds:- Total restricted funds Total charity funds Restricted revenue funds |
Funds brought forward from 2024 £ 83,067 |
Movement in funds in 2025 £ 2,713 |
£ - Transfers between funds in 2025 |
Funds carried forward to 2026 £ 85,780 |
|---|---|---|---|---|
| 83,067 | 2,713 | - | 85,780 | |
| 900 | - | - | 900 | |
| 900 | - | - | 900 | |
| 83,967 | 2,713 | - | 86,680 |
12 Analysis of movements in funds over the year as shown in Note 11
| Unrestricted and designated funds:- Unrestricted revenue funds |
Income 2025 £ 46,621 |
Expenditure 2025 £ (43,908) |
Other Gains & Losses 2025 £ - |
Movement in funds 2025 £ 2,713 |
|---|---|---|---|---|
| 46,621 | (43,908) | - | 2,713 |
13 The purposes for which the funds as
Unrestricted and designated funds:-
Unrestricted revenue funds
These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities, and , subject to charity legislation, are free from all restrictions on their use.
Restricted funds:- Restricted fixed asset funds Restricted revaluation reserve
The purpose of these funds is described under the accounting policy 'Accounting for capital grants and fixed asset funds'. This fund represents the restricted surplus arising on the revaluation of the charity's assets.
14 Ultimate controlling party
The charity is under the control of its legal members.
17
Redeemed Christian Church of God, Genesis Chapel
Detailed analysis of income and expenditure for the year ended 30 September 2025 as required by the SORP 2015
This analysis is classsified by conventional nominal descriptions and not by activity.
| 15 Donations and grants Donations and gifts from individuals 16 Investment income Bank Interest Receivable Total investment income A4 17 Other income and gains Current year Total other income 18 Expenditure on charitable activities - Current year Total direct spending COF Outreach/Evangelism Gifts & Welfare Travel and Subsistence - Charitable Activities Sundry other income Musician Donations WEM Honorarium Tithes, offering and thanksgiving Total donations |
Current year Unrestricted funds 2025 £ 45,692 |
Current year Restricted funds 2025 £ - |
Current year Total funds 2025 £ 45,692 |
Prior year Total funds 2024 £ 34,018 |
|---|---|---|---|---|
| 45,692 | - | 45,692 | 34,018 | |
| Current year Unrestricted funds 2025 £ 929 |
Current year Restricted funds 2025 £ - |
Current year Total funds 2025 £ 929 |
Prior year Total funds 2024 £ 969 |
|
| 929 | - | 929 | 969 | |
| Current year Unrestricted funds 2025 £ - |
Current year Restricted funds 2025 £ - |
Current year Total funds 2025 £ - |
Prior year Total funds 2024 £ - |
|
| - | - | - | - | |
| Current year Total funds 2025 £ 25 50 4,200 600 1,878 - - 1,300 |
Prior year Total funds 2024 £ 73 225 4,200 600 1,123 - - 1,300 |
|||
| 8,053 | - | 8,053 | 7,521 | |
18
Redeemed Christian Church of God, Genesis Chapel
Detailed analysis of income and expenditure for the year ended 30 September 2025 as required by the SORP 2015
19 Support costs for charitable activities
| 19 Support costs for charitable activities |
s | |||
|---|---|---|---|---|
| Current year Current year Unrestricted funds 2025 £ Premises Expenses 28,440 555 Administrative overheads 983 103 1,078 - 2,060 168 1,234 Financial costs 734 Total support costs 35,355 20 Other Expenditure - Governance costs Current year Unrestricted funds 2025 £ Independent examiner's fees 500 Total governance costs 500 21 Total Charitable expenditure Current year Unrestricted funds 2025 £ Total direct spending 8,053 Total support costs 35,355 Total governance costs 500 Total charitable expenditure 43,908 Depreciation & Amortisation in total for Room Hire Subscriptions Website expenses Subscriptions to periodicals Telephone, fax and internet Equipment expenses Software licences and expenses Stationery and printing Storage |
Current year Unrestricted funds 2025 £ 28,440 555 983 103 1,078 - 2,060 168 1,234 734 |
Current year Restricted funds 2025 £ - - - - - - - - - - |
Current year Total funds 2025 £ 28,440 555 983 103 1,078 - 2,060 168 1,234 734 |
Prior year Total funds 2024 £ 24,370 2,343 730 588 699 - 1,079 156 1,446 830 |
| 35,355 | - | 35,355 | 32,241 | |
| Restricted funds 2025 £ - |
Total funds 2025 £ 500 |
- Total funds 2024 £ 500 |
||
| 500 | - | 500 | 500 | |
| Unrestricted funds 2025 £ 8,053 35,355 500 |
Restricted funds 2025 £ - - - |
Total funds 2025 £ 8,053 35,355 500 |
Total funds 2024 £ 7,521 32,241 500 |
|
| 43,908 | - | 43,908 | 40,262 | |
19