Registered Charity Number 1144637
Report of the Trustees and Unaudited Financial Statements For The Year Ended 31st October, 2024
## Redeemed Christian Church of God
Bethel Tabernacle
## Redeemed Christian Church of God
Bethel Tabernacle Contents of The Financial Statements For The Year Ended 31st October, 2024
||Page|
|---|---|
|Report of The Trustees|1 - 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 - 9|
|Detailed Statement of Financial Activities|10|
Redeemed Christian Church of God Bethel Tabernacle Report Of The Trustees For The Year Ended 31st October, 2024
## REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number: 1144637
## Chairman:
Mr Kolawole Akinbi
Principal address. 153 Launcelot Road Bromley, BR1 5EA
## Trustees
Mr John Alegbe Mr Gabriel Diya
Secretary: Mrs Nike Awobimpe
## Independent Examiner
Adonai Associates 50 King Alfred Avenue Catford, London, SE6 3HP
## Bankers
HSBC
1
Redeemed Christian Church of God Report of the Trustees and
Unaudited Financial Statements For The Year Ended
31st October, 2024
## STRUCTURE GOVERNANCE AND MANAGEMENT
RCCG Bethel Tabernacle was registered as a charity on 10th November 2011. It is governed by its Memorandum and Articles of Association and is managed by a Board of Trustees. Decisions are determined by a simple majority vote by the Trustees who set the strategic direction of the Charity. Delegated authority has been given to the Parish Pastor and management team for the day to day running of the operations of the Charity.
Bethel Tabernacle is a member of the Redeemed Christian Church of God which has parishes worldwide. The relationship is governed by the Agreement of Common purpose between the parishes and RCCG.
Trustees are selected on the basis of the contribution that they will make to the governance of the organisation and skills that they will contribute. They are provided with copies of the Charity Commission’s Guidance of Trustees and are also provided with training as when required.
The Trustees have assessed the major risks to which the Charity is exposed, in particular those relating to the specific operational areas of the Charity and its finances. The Trustees believe that by monitoring reserve levels, by ensuring controls exists over key financial systems and by examining the operational and business risks faced by the Charity. They have established effective systems to mitigate those risks.
## OBJECTIVES AND ACTIVITIES
The Charity’s objects are:
“The advancement of The Christian religion worldwide and support of the less privileged in the local community and worldwide”.
These objects are charitable and operate for the public benefit. It pursues these objects by the operation of Christian worship at its premises Ellen Brown Centre, Grange road London.
Social Responsibility and Community Action are undertaken within all departments to raise money and contribute to locally based charities dedicated to alleviating poverty such as Bethel Outreach Team, St Mungo’s and Bethel Kitchen.
The main activity of the charity is the establishment and maintenance of worship centres to enable the members of the public to participate in Christian worship. Making grants and donations to the needy.
The main activity of the charity is the establishment and maintenance of worship centres to enable the members of the public to participate in Christian worship. Making grants and donations to the needy.
## ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT
Working in partnership with housing charity to house and provide care support services to two homeless people. Working with other agencies to support homeless people access services in order to reduce the impact of homelessness.
2
## FINANCIAL REVIEW
The Charity’s principal funding source continues to be the individuals who attend services and make contributions in the form of freewill offerings, tithes, and other donations. Part of the income is amount is recovered under the gift aid scheme. The Trustees continue to ensure that adequate reserve is maintained to ensure ongoing delivery of the charity’s objective and operational obligations
## PLANS FOR FUTURE PERIODS
The Charity continues to explore ways of furthering its charitable objectives in an effective manner by ensuring there is awareness of its services and proactively seeking opportunities to be more involved in the community. To this effect the Trustees have identified a charity to support for the year in line with the Church’s ethos of being a family church.
Approved by order of the board of trustees on …………………………………………..and 08/08/2025 signed on its behalf by:
.......................................................
Mr Kolawole Akinbi
For Trustees
3
Redeemed Christian Church of God Bethel Tabernacle 31st October, 2024
## Independent Examiner's Report
## To the Trustees
I report on the accounts for the year ended 31st October, 2024 set out on pages five to ten.
## Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's 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 required. The charity's gross income does not exceeded £250,000 and I am qualified to undertake the examination by being a qualified member
## It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
## Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes 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 you as trustees concerning any such matters. The procedures 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 the report is limited to those matters set out in the statements
## 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 which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Abiodun A Adeboyejo (ACCA,ACA,AAIA)
## Association of Chartered Certified Accountants
50 King Alfred Avenue
Catford , London
Date................................................
4
Redeemed Christian Church of God Bethel Tabernacle
Statement of Financial Activities For the year ended 31st October, 2024
|Unrestricted
Notes
£
Income Resources
Incoming Resources From Generated Funds
Voluntary Income
2
50,377
Building fund
Other Income
Bank interest received
Total Income Resources
50,377
Resources Expended
Charitable Activities
Physical & Spiritual Need
48,734
Governance Costs
3
1,130
Total Resources Expended
49,864
NET INCOMING RESOURCES
513
RECONCILATION OF FUNDS
Total Funds Balances b/fwd
8,890
Total Funds Balances c/fwd
9,403|Restricted
£
-
-
-
-
-
-
-|2024
2023
Total
Total
Fund
Fund
£
£
50,377
50,556
50,377
50,556
48,734
48,702
1,130
850
49,864
49,552
513
1,006
8,890
7,884
9,403
8,890|
|---|---|---|
||-||
The Notes Form Part of These Financial Statements
5
## Redeemed Christian Church of God
## Bethel Tabernacle
## Balance Sheet
as at 31 October 2024
||||2024|2023|
|---|---|---|---|---|
|||Unrestricted|||
||Notes|Funds|Total Funds|Total Funds|
||||£|£|
|FIXED ASSETS|||||
|Tangible assets|4|2,111|2,111|2,639|
|CURRENT ASSETS|||||
|Debtors|5|188|188|-|
|Cash at bank and in hand||7,104|7,104|5,961|
|CREDITORS|||||
|Amounts Falling Due within one Year|6|-|-|155|
|NET CURRENT ASSETS||7,292|7,292|6,251|
|TOTAL ASSETS LESS CURRENT|||||
|LIABILITIES||9,403|9,403|8,890|
|NET ASSETS||9,403|9,403|8,890|
|Unrestricted Funds|7||||
|Unrestricted Funds|||9,403|8,890|
|TOTAL FUNDS|||9,403|8,890|
|The financial statements were approved by the||Board of Trustees|on.................................... and||
|were signed on its behalf by:|||||
Approved by Board of Trustees
The Notes Form Part of These Financial Statements
6
-
The Notes Form Part of These Financial Statements
7
Redeemed Christian Church of God Bethel Tabernacle
## Notes to the Financial Statementss
for the year ended 31 October 2024
## 1 ACCOUNTING POLICIES
## Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) , the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities (issued July 2014)
## Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## Taxation
The charity is exempt from tax on its charitable activities.
## Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
|1
VOLUNTARY INCOME
Tithes, Offering & Thanksgiving
Donations
HMRC Charities
Bank interest received
2
GOVERNANCE COSTS
Accountancy|£
2024
41,613
-
8,715
49
50,377
2024
1,130
1,130|£
2023
7,590
31,287
14,818|
|---|---|---|
|||53,695|
|||2023
1,250|
|||1,250|
8
Redeemed Christian Church of God Bethel Tabernacle
## Notes to the Financial Statementss
for the year ended 31 October 2024
|3
Tangible fixed assets
**Land and**
**buildings**
**£**
Cost
At 1 November 2023
-
At 31 October 2024
-
Depreciation
At 1 November 2023
-
Charge for the year
-
At 31 October 2024
-
Net book value
At 31 October 2024
-
At 31 October 2023
-
4
Debtors : Amounts Falling Due within one year
Other debtors
5
Creditors: amounts falling due within one year
Trade Creditors - Rent
6
Movement in Funds
Unrestrictedfunds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are a
Unrestricted funds
General fund
Total Fund|**Plant and**
**machinery**
**£**
14,334
14,334
11,695
528
12,223
2,111
2,639
At 01
11 2023
£
8,890
8,890
s follows:
Incoming
Resources
£
50,377
50,377|2024
**Motor**
**vehicles**
**£**
-
-
-
-
-
-
-
2024
£
188
188
2024
£
-
Movement
In Funds
£
513
513
Resources
Expended
£
49,864
49,864|2023
**Total**
**£**
14,334|
|---|---|---|---|
||||14,334|
||||11,695
528|
||||12,223|
||||2,111|
||||2,639|
||||2023
£
445|
||||445|
||||2023
£
155|
||||At 31
10 2024
£
9,403
9,403|
||||Movement in
Funds
£
513|
||||513|
9
## Redeemed Christian Church of God Bethel Tabernacle Detailed Statement Of Financial Activities For The Year Ended 31st October, 2024
|Redeemed Christian Church of God
Bethel Tabernacle
Detailed Statement Of Financial Activities
For The Year Ended 31st October, 2024||
|---|---|
|INCOMING RESOURCES
Tithes & Offering
Donation & Others
HMRC Charities
Bank interest received
Total Incoming Resources
RESOURCES EXPENDED
Charitable Activities
Donations & Gifts
Honorarium & Volunteer
WEM & Central funding
Travelling and subsistence
Evangelical/outreach materials
Church expenses
Governance Costs
Accountancy fees
Support Costs Management
Rent & rates
Bank charges
Insurance
Telephone & fax
Repairs & maintenance
Service Charges - Web Site
Service Charges - Office
Motor expenses
Depreciation charge
TOTAL RESOURCES EXPENDED
NET INCOME|2024
2023
Unrestricted
Restricted
Total
Total
Fund
Fund
£
£
£
£
41,612.93
41,612.93
9,229.52
-
34,711.01
8,715.25
8,715.25
6,516.78
49.00
49.00
99.00|
||50,377.2
-
50,377.2
50,556.3|
||976.00
976.00
2,949.00
10,214.00
10,214.00
9,838.00
1,337.00
1,337.00
2,325.00
1,100.00
1,100.00
2,680.00
7,017.00
7,017.00
5,103.00
525.00
525.00
6,649.00|
||21,169.00
-
21,169.00
29,544.00|
||1,130.00
1,130.00
850.00|
||1,130.00
-
1,130.00
850.00|
||21,290.00
21,290.00
16,269.00
169.00
169.00
159.00
-
-
-
575.00
575.00
513.00
1,676.00
1,676.00
1,036.00
272.00
272.00
158.00
2,764.00
2,764.00
-
291.00
291.00
362.00
528.00
528.00
660.00|
||27,565.00
-
27,565.00
19,157.00|
|||
||49,864.00
-
49,864.00
49,551.00|
|||
||513.20
-
513.20
1,005.30|
10