E*)tyA%bJn Envgkip8 ITr. W2ED9c-71BE4w2-￿gwOI71eF8$ Charlty No: 1145157 Compally No: 7527536 The Redeemed Chrlstlan Church of God, TKC Dlrertorfs and Trustee< Report and Flnanclal Ststements For The Year Ended 3tst March 2024 The Redeemed Chrfstlan Churth of God. TKC Index to Report and Flnandal Statements forth• Year End•d 31st Marth 2024 Report ot the Trustees Independent Audltorf Re￿rt Statement of Flnanclal Actlvlties Balance Sheét Notes formlng part of the F5nandal Statements 9-12 Redeemed Cbristian Church of W TKC Fin8nciaJ Statement For Tr Year Ended 3 1st March 2024 The Redeemed Chrlsthft Church of God. The Kln¢s Court Pa8e I ort of the Trnstees For The Year Ended 31st March 2 Reference and Administratlve detsl Chartty Name: The Redeemed Christian Church of God, The Kin¢s Court ststus: Reglstered Charlty Company Number: 7527536 Chority Reglstratlon No." 1145157 Reglstered Offlce: 1° Floor 7>85 Summerstown London, SW17 OBQ Place of Worshlp: lit Floor 75-85 Sumrnerstown London, SW17 OBQ Dlrertors and Trustees: Slmlsola Olaltan Kareem Moyosore Adufe Adeneye Oluwaseun A. Adebambo Chalr. Parlsh Pastor Olufemi O Adebajo Independent EMmlnor Flourish Global Consultlng (A firm with Chartered Accountants & Management Consultants) Unit 9 Challenge House, 616 Mitcham Road, Croydon, Surrey CRO 3AA Bankers Barclays Bank Plc, 43 High Street, Sutton, Surrey, SMI IDR Nationwide Buildlng Society, 1&20 High StreeL Tootin& London, SW17 ORG Redeemed Christian Church of G(ML The King's Court Financial Ststement For The Year Ended 31 st March 2024 00rAi￿Orn Er• ID.. 6￿D￿-71èE4￿2-￿￿&*l718F60 The Redeemed ChrlsllaTr Chuvch of God. TKC Page 2 rtoftheT stees For The Year En ed31 Mar¢h 2024 The Trustees present their report together with the accounts for the Year Ended 31st March 2024. The accounts have been prepared in accordance with the Statement of Recommended Prartice 2005 and other applicable laws. ernance an The charity Is constltuted under a Trust Deed and In the process of belng reglstered as a charlty with the Charlty Commisslon. a) Method of Appolnlment or Elertlon of Trustee The management of the church Is the responslblllty of the Trustees who are elected and Co-opted under the terms of the Trust Deed. b) Polldes Adoptsd for the Indurtlon and Tralnlng d Trnstees The inductlon process for any newly appolnted member of the trustee5 comprises an Inltial meetlng wlth other Chair and other Trustees, followed by a serles of short meetln8 Wlth the Mlnlster In Charge on the powers and responslbilities of the Trustee. cl Or8anlsatlonal Structure and DeCI￿an M•kln8 The Charlty 15 or8anlsed so that the Tnjstees meet regularly to manage Its affalr5 There is administratorlaccount personnel that handle the daily affalrs of the charlty. cl Rl$k ManaDm•nt The Trustees have assessed the major rlsks to which the tharity Is exposed, In partlcular those related to the operations and finances of the charity, and a￿ satSsfied that Systems are In place to mltl8ate our exposure to the maJor rfsks. Ive a) Polldes and Objertlves. The objectlves of the church are to advance the Christian rellglon for the public benefrt in accordance wSth the doctrines of our Lord Jesus Christ, through the holding of prayers meetings, lettures, evangellsm. dlstributing of literature and tracts. broadcasting and such charitable means as the trustees conslder appropriate," and the rellef of poverty by such charitable means as the trustees consider appropriate. Redeem¢d Christion Church of TKC Financtal Statement For The Year Ended 31st March 2024 r*x*hJn En%*k)pe ID.. 6952ED9C-71BE4w￿￿%17l The Redeeft￿ Chrl#lan Chwth ofGod, TKC Page 3 e Tr￿tee$ For The Y ed 31st March 2024 b) Strate8les for Athlevln8 ObJe¢llves The Charity has adopted the following strategies for achie¥lng the above objectives: Organislng Confe￿nceS and events wtth proven speakers and minlsters of the faith to guide members in the various aspects of the Christian faith: and support for other Charities and Chrlstlan events. Creating OPPOrtunlties for members to dlscusslng topical issues in relations to the Word of God. ¢1 Artlvttles for Achle¥ln8 Objectl Communlty outreach events. Provision of welfare support to members. Provlslon to support other charlties. Conferences and Events. d) Grant makln8 Polld•s. In Ilne wlth the objert of the eharfrty, to rellef pobvdrty and the advan￿ment of Christlan religlon worldwlde. The charlty has a policy of supportln8 misslonary organisations such as the Festival of Life, World Evangellsm Mission and other charities and members of congregation who are in need, (this is at the discretlon of the trustees). dl Volunt•ers. The charty Is grateful for the good efforts of Its volunteers who are involved in servlce provision. The charity has a volunteer coordinator to ensure that best value is derlved from the sterlin8 effi)rt5 of our volunteers. Achl a) Revlew of Artlvltles The charity is consolidating the gains of prevlous development and has successfully minlstered to the needs of various soclal groups withln and outslde the church. The charlty provides forum for manpower development for its mernbers to be equlpped, educatSonally, socially and spiritually. It offers variou5 counsellin8 sesslons to the needy, unemployed. and makes referral whenever the need arises. Durln8 the year the charity provlded free Christmas lunch hampers to members of the communlty And other free trainlngs to the general publlc. Redeemed Cbristian Church of G(NL TKC Financial Statement For Th¢ Y¢ar Ended 31st M8rth 2024 The Redeemed Chrfstlan Churth of God. TKC Page 4 Tr ees For The Year End 31st Marth 2024 The charlty provldes pastoral care to members of the communhy. We have also organised serles of training se55ion5 to equip the church volunteers with the relevant management skllls that will help them serve the community better. We continue to support and encourage young people by providing a Youth Church where teenagers meet on Sundays under a carin& supportive and encoura8lng atmosphere. The charlty stlll continues to futhl Its maln objectives. by creatlng fac111t￿S to help develop the whole man. spirituèlty. mentslly and physically. We have Invested tlme, energy and money Into activltles and programmes that has helped prevent youth crimes, depresslons In people. domestlc & chlld abuse and such social vices that are eatln8 deep Into our society. We continue to work collaboratlvely wlth other churches in the communlty for the purpose of Propagating the gospel of our Lord Jesus Christ* promotin8 social coheslon and integration. Fln•n¢lal Revlew a) Reserve5 Polky The trustees have establlshed a pollcy whereby the unrestrirted funds not commltted or invested in tangible fixed assets Ilhe free reserves'l held by the churth should be 3 months of annual expendlture. At this level, the trustees feel that they would be able to contlnue the current actlvitles of the church in the event of a slgntficant drop In fundln8. b) Prlnclpal Fundln8 Thls is provided malnly through voluntary offerfngs and tlthes by church members. Pledges are also taken for specific projects. Plans for the Futuro Future Developments The charlty alms as part of fuffllllng its maln 0bjertiv￿. to contlnue to explore varlous ways Rcdecmed ChTiStian Church of W TKC Financial Statement For The Year Ended 31st M8rth 2024 Doo*n E￿lOpe ID.. 6882ED￿7%8E4￿2-gCC￿E￿17I8F6￿ The Redeemed Chrlstian Chwth of God, TKC Page 5 rt of the Trustees For e Y r Ended 3tst Mar Z024 TrUSt￿S resFJonsibllltles In relatlon to the finandal statement The trustees are responsible for preparingthe accounts in accordance wlth applltable law and United Kingdom Generally Accepted Accounting Practlce. Company law require5 the Management Committee to prepare financial statements for each financial year which 8ive a true and falr vlew of the state of the affalrs of the ¢harttable company as at the balance sheet date and of hs incomin8 resources and applicatlon of resources, including income and expenditure. for the financlal year. In preparlng those financial ststements, the management committee are ￿qUired to follow best practice and; Select suitable accountlng polides and then apply them conslstently,. Make judgements and estimates that are reasonable and prudent,. and State whether appllcable accountln8 Standards have been followed, 5ubJect to any material departures to be disclosed and explalned in the financlal statements. Prepare the financlal statements on the 8oln8 concern basis unless It Is Inappropriate to assume that the company w511 contlnue on that basls. The Trustees are responsible for malntsinln8 proper a¢countlng records whlch dlsclose with reasonable accuracy at any tlme the flnancial posltlon of the charitable Company and to enable them to ensure that the financlal 5tstements Comp￿ wlth the Companie5 Art 1985. They are also responslble for safe8uardln8 the a$5ets of the charttable company and hence for takln8 reasonable steps forthe prevention and detectlon of fraud and other Irregularltles. th rs ement Members of the Management Commlttee, who are dirertors for the purpose of company law nd trustees for the purpose of chartty law. who Served durln8 the year and up to the date of thls report are set out on pa8e l. In accordance with company law, as the companrfs directors, we certlfythat: So far as we are aware, there Is no relevant audlt Informatlon of whleh the companys auditors are unaware of- and As the dlrertors ofthe company we have tsken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to estsbllsh that the charws audltors are awa￿ ofthat Inforn)ation. Re4]cemed c￿lStian Church of W TKC Financial Statement For The Year Ended 31st March 2024 The Redeem￿ Chrlstlan Church of God. TKC Page 6 Inde ndent Ex Inerfs Re rt To The Tft￿tees We have examined the financial statements on pages 2 to 12 which have been prepared in accordance with the accountin8 policies set out on page 9. The charfty trustees are reswnsible for the preparation of the flnanc6al statements. The trustees conslder that an audlt is not requlred forthis year (under section 144121 of the charlties Act 20111 Ithe2011 act). tt Is my responsibility to.. • examlne the accounts lunder seCt￿n 145 of the 2011Actl; . follow the procedures laid down in the General Directions 8lven by the Charlty Commlsslon (under sectton 14515llbl ol the 2011 Art: and . to stats whether particular matters have come to my attentlon. 8•11i ot Indepndént •¥amln•r's r•yt My examlnatlon was carrfed out In accordancè wlth the Generdl IXrection$ 8fven by the Chartty Commlsslon. An examinatlon Includes a revlew of the accountln8 records kept by the organisatlon and a comparlson of the accounts presented wlth those records. It a150 Sncludes conslderation of unusual Items or dbsclosures In the accounts and, seeklng explanation from you as trustees concernln8 any such matters. The procedures undertaken th) not provide all the evidence that would be requlred In an audlt and consequentty. I do not express an audbt opinlon on the vbew 8fven by the accounts. It Is my responslblllty to fo￿ an Ir*ndent oplnlon. based on my examlnatlon on those financlal ststements and to report on my oplnlon. Independent ExamSne¢s Statement In connectlon wlth my examlnatlon. no matter has come to my attention: 11 whkh 8ives me reasonable ￿YSe to belleve that In any materlal respertthe requlrements . to keep accountln8 records Sn a¢¢ordance wlth sertion 130 of the 2011 Act: and . to prepare accounts whlch accord wlth the accountln8 r•ct)rd# •nd to comply wlth th• *ccourttln8 requlrement of the 2011 Art have not been meL 21 to whl¢h. Sn my oplnlon. attentlon should be drawn in order to enable a proper understandln8 of the accountsto be reached. Signed: Redee[[￿d Christian Church of Gcrtl. TKC Financial Ststement For The Year Ended 31st March 2024 EtN*é Tr. 6*2Ew-71BE4932-KC￿￿BI718FG6 Page 7 of Flnan¢ial e Ended 3tst INCOME AND EXPENDrruRE ACCOUNT Notes Restrthd Unrestrirted Totsl Total Funds Funds 3V03124 31103123 IP4COM1146 RESOUR( InMmln8 Msoul￿$ from Ch•rftable artSvllles: Donatlons. legacles & Slmllar Incomlng resources 40.747 410,747 41.679 Total Incomin8 Resour 40.747 40,747 41,679 RESOURCES EXPENDED Charltsble Expendltyre: Grants Payable 5.763 5.763 5,559 Costs of actlvltles In furtherance Of charws Objects 34.062 34.062 26,850 TOTAL RESOURCES EXPENDED 39J25 39J25 32A09 Net Incom•l(Expendlturel lor Th• y•ar 9,270 NET MOVEMEKf IN FUNDS 922 922 9370 fte¢onclll•tlon of F￿)dI Funds brouthtlorward as al 01 Aprll 2023 174 28,174 18.904 Fund carrled lo￿ard •$ at 31 March 2024 29.096 29,096 28,174 Th• st￿eMent olllnand•l a¢tlvlts Ir￿￿deS all Dlns and losses Inthe yew. All In¢omlng resources nd resourr•s exponded derlved from vjntinuing a¢tS¥ltle Red¢cmed Christian Church of Gcxl TKC Financial Ststemeot For The Year Ended 31st MaTcb 2024 The Redeemed Chrfstlan Churth ot God. TKC BAL4NCE SHEET￿AT 31st M•rth 2024 Page 8 JIM¥2023 XED Tandble Flx•d Asmty CURREKfASSErs Cash •t 8•nk•nd In H•nd 24￿1 UA8IUTIESAND CREDITOKS AmounthlHnB du• wlthln J NET CURREKfAssErs TOTALASSETS LESS aiRIiENT UABiunES FUNDS OFTHE QIARITY Unrtstrirted FUNII For the year endiTr8 31st March 2024, the company was ent￿ed to exenWon from a￿lit undef 50Ctlon 477 of the Companles Act 2C(6 relati￿ to small companles. Dlrertors, responslblllues.. the rnembers have not requlred the cornpanyto obtsin an audit of Its actountsforthe yt¥r In question In attordance with sertion 476 of the Cofflpanles Act 2C#)6. the dlrettors acknowled8e thelr respDn51billtles for oJmplylng¥Ath the requlremtnts of theAct wlth respert to accountin8 records and the p￿paratIOft of aetounts these accounts have been prepared in accordance wlth the p￿￿￿On$ applicableto companles subject to the 5rnall companies, re8irr*. These financTral statements **re approved by the mana8e1￿ cornmlltee on ￿ November 2024 and s18ned on its behalf bv.. 4L EÉ(k14W£S P•stor(Mrsl Slrnlsola O. Xar••m.th* Dr. oluwas•￿ adeb￿tho. DlreL*or Redeemed Christian Church of G(Ml TKC Financial Stat¢ment For The Year Endgj 31 st Marth 2024 The Redeemed Chrfstl•n Cl￿rch of God, TKC Pa8e 9 otes to the Finanoal Ststements ForThe Year Ended 31st March 2021 l. Accountlry Polkles The principle accounting ￿lIcleS are summar￿￿ below. The accounting policies have been applled consistently throughout the year and in tre precedlng year. Accountlng and Reportln8 by Charltle5.' Statement of Recommended Prxdce applrcable to charltles preparing thelr accounts In accordance wFth the Flnancial Reporting Stsndard appllcable In the UK and Republlc of Ireland IFRS 1021 leffective i January 20191. The Charlty meets the deflnltlon of a public beneflt entity under FRS 102. Assets and Ilabllltles a Inltially reco8nlsed at h15torlcal cost or transactlon value unless othenvlse stated In the relevant accountlng policy. The accounts a￿ prepared In sterlln& whFch Is the funcdonal currency of the charltsble company. Monetary amounts In these accounts are rounded to the nearest £. The trustees contlnue to adopt the go1￿ concern basis of accountln8 In prèparln8 the flnanclal statements Ibl Fund1￿ •¢countl Unrestricted fUnd$a￿ available for use *thedlscretlon of thetrustees In furtherance of the general objectlves of the thartty. Restrftted funds are subjected to restrlctbns i)n thelr expendtture Imposed by the donor or through the temis ot an appeal. Inc￿nIng fte￿￿re All Incomin8 resources are included In ststement of financial activltles when the charlty is erthled to the income and amount can ￿ quantlfied wlth reasonable accuracy. The following siwlfk wlicies are applied to partlcular categories of Income: Redeemed Cbristian Church of GoiL TKC Financial Ststement For The Year Ended 3 1st Marcb 2024 C*)￿$v￿n EnVaki￿ ID.. W2ED9c-718E4992-￿gE8S81718F6B The Redeemed Chrlstlan Churth ot God. TKC Page 10 Notes to the Financial Statsments ForThe Year Ended 31st March 2024 Donated service5 and facllltles are Included at the value to the chartty where this can be quantified. The value of services provided by volunteers has not been include