Docusign Envelope ID: 04D00BC2-2259-4F90-8D4D-83965BCC85FC
Charity No: 1145157 Company No: 7527536
The Redeemed Christian Church of God, The King’s Court
Director’s and Trustees’ Report and Financial Statements For The Year Ended 31[st] March 2025
Docusign Envelope ID: 04D00BC2-2259-4F90-8D4D-83965BCC85FC
The Redeemed Christian Church of God, The King’s Court
Index to Report and Financial Statements for the Year Ended 31[st] March 2025
| Pages | |
|---|---|
| Report of the Trustees | 1 - 5 |
| Independent Auditors’ Report |
6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes forming part of the Financial Statements | 9 – 12 |
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025
Docusign Envelope ID: 04D00BC2-2259-4F90-8D4D-83965BCC85FC
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Report of the Trustees For The Year Ended 31st March 2025
Reference and Administrative details
Charity Name: The Redeemed Christian Church of God, The King’s Court Status: Registered Charity Company Number: 7527536 Charity Registration No: 1145157 Registered Office: 1[st] Floor 75-85 Summerstown London, SW17 0BQ
Place of Worship: 1[st] Floor
75-85 Summerstown London, SW17 0BQ
Directors and Trustees:
Simisola Olaitan Kareem Chair. Moyosore Adufe Adeneye Treasurer Oluwaseun A. Adebambo Secretary
Parish Pastor
Olufemi O Adebajo
Independent Examiner
Flourish Global Consulting (A firm with Chartered Accountants & Management Consultants) Unit 9 Challenge House, 616 Mitcham Road, Croydon, Surrey CR0 3AA
Bankers
Barclays Bank Plc, 43 High Street, Sutton, Surrey, SM1 1DR Nationwide Building Society, 18-20 High Street, Tooting, London, SW17 0RG
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025
Docusign Envelope ID: 04D00BC2-2259-4F90-8D4D-83965BCC85FC
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Report of the Trustees For The Year Ended 31st March 2025
The Trustees present their report together with the financial statements for the year ended 31st March 2025. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) 2005, applicable accounting standards, and all relevant UK charity and company laws.
Structure, Governance, and Management
The charity is constituted under a Trust Deed and is registered with the Charity Commission for England and Wales.
The management of the church is vested in the Trustees, who are elected and co-opted in accordance with the Trust Deed.
Induction and Training of Trustees:
New trustees undergo an induction process which includes meetings with the Chair, fellow trustees, and the Minister-in-Charge to ensure a clear understanding of their duties and responsibilities.
Organisational Structure and Decision Making:
The Trustees meet regularly to manage the affairs of the charity. Day-to-day operations are administered by appointed administrator and accounts personnel under trustee oversight.
Risk Management:
The Trustees have reviewed and assessed the major risks facing the charity, particularly those relating to operational and financial matters, and are satisfied that appropriate systems are in place to mitigate these risks.
Objectives and Activities
Aims and Objectives:
The charity’s primary objectives are to:
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Advance the Christian religion for the public benefit in accordance with the doctrines of our Lord Jesus Christ.
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Promote the relief of poverty and support for vulnerable individuals and families.
This is achieved through prayer meetings, teaching sessions, evangelism, literature distribution, broadcasting, and other charitable means as deemed appropriate by the Trustees.
Strategies for Achieving Objectives
To achieve its aims, the charity:
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Organises conferences and special events with experienced ministers and speakers.
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Supports other Christian organisations and charities with shared missions.
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Creates opportunities for members to engage in spiritual growth and topical discussions guided by the Word of God.
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025
Docusign Envelope ID: 04D00BC2-2259-4F90-8D4D-83965BCC85FC
Activities and Grant-Making Policy
The charity undertakes a range of community and faith-based activities, including:
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Community outreach and evangelism programmes
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Welfare support for members and local residents
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Support to other charitable and missionary organisations
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Conferences, training, and volunteer capacity-building events
In line with its objectives, the charity provides financial and practical support to missionary bodies such as Festival of Life, World Evangelism Mission (WEM), and Compassion UK, as well as direct assistance to individuals and families in need.
Volunteers
The Trustees gratefully acknowledge the dedication and commitment of all volunteers who contribute their time, skills, and energy to the church’s operations and outreach programmes. A Volunteer Coordinator ensures that volunteer engagement is wellmanaged and effective.
Achievements During the Year
During the financial year, the charity continued to strengthen its community impact and spiritual outreach.
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Community Development and Support: Provided free Christmas lunch hampers to local residents and offered free training programmes to the general public.
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Counselling and Welfare Services: Delivered counselling and pastoral care to individuals in need, including unemployed members, and made referrals for further support where necessary.
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Volunteer and Leadership Training: Organised a series of capacity-building workshops to equip volunteers with management and leadership skills.
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Youth Empowerment: Continued to run activities and offering teenagers a supportive and inspiring environment for spiritual growth and mentorship.
Through these initiatives, the charity has continued to address social challenges such as youth crime, depression, domestic violence, and child abuse, promoting positive values and social cohesion.
Partnerships and Collaboration
The charity actively collaborates with other churches and community organisations to:
- Promote the Gospel of Jesus Christ.
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025
Docusign Envelope ID: 04D00BC2-2259-4F90-8D4D-83965BCC85FC
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Strengthen social cohesion and community integration.
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Share best practices and combine resources to extend collective impact.
Future Plans
Looking ahead, the charity will focus on:
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Expanding community outreach programmes.
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Enhancing volunteer development and leadership capacity.
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Strengthening financial sustainability for long-term growth.
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Increasing engagement with youth and families within the community.
Trustee’s responsibilities in relation to the financial statement
The trustees are responsible for preparing the accounts in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the management committee are required to follow best practice and;
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent; and
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State whether applicable accounting standards have been followed, subject to any material departures to be disclosed and explained in the financial statements.
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Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis.
The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Members of the Management Committee
Members of the Management Committee, who are directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out on page 1.
In accordance with company law, as the company’s directors, we certify that:
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So far as we are aware, there is no relevant audit information of which the company’s auditors are unaware of; and
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As the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the charity’s auditors are aware of that information.
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025
Docusign Envelope ID: 04D00BC2-2259-4F90-8D4D-83965BCC85FC
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Independent Examiner’s Report To The Trustees
We have examined the financial statements on pages 2 to 12 which have been prepared in accordance with the accounting policies set out on page 9.
Respective responsibilities of the trustees and independent examiner
The charity trustees are responsible for the preparation of the financial statements.
The trustees consider that an audit is not required for this year (under section 144(2) of the charities Act 2011) (the2011 act).
It is my responsibility to:
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examine the accounts (under section 145 of the 2011Act);
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follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act; and
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to state whether particular matters have come to my attention.
Basis of 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 organisation and a comparison of the accounts presented with those records. It also includes consideration of unusual items or disclosures in the accounts and, seeking explanation 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, I do not express an audit opinion on the view given by the accounts.
It is my responsibility to form an independent opinion, based on my examination on those financial statements and to report on my opinion.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirement of the 2011 Act have not been met.
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Michael Ikumobasin - FCCA, FCA, FFA, FIPA, FAIA, MA, PhD
For and on behalf of Flourish Global Consulting
Signed:
Flourish Global Consulting__ Date_____
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025
Docusign Envelope ID: 04D00BC2-2259-4F90-8D4D-83965BCC85FC
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Statement of Financial Activities For The Year Ended 31st March 2025
INCOME AND EXPENDITURE ACCOUNT Notes Restricted Unrestricted Total Total Funds Funds 31/03/25 31/03/24 INCOMING RESOURCES £ £ £ £ Incoming resources from Charitable activities: Donations, legacies & 1 - 38,577 38,577 40,747 Similar incoming resources -------------------------------------------------------------------------Total Incoming Resources - 38,577 38,577 40,747 __________ RESOURCES EXPENDED Charitable Expenditure: Grants Payable 2 - 4,384 4,384 5,763 Costs of activities in furtherance 3-6 - 37,061 37,061 34,062 Of charity’s Objects ------------------------------------------------------------------------------- TOTAL RESOURCES EXPENDED - 41,445 41,445 39,825 ________ Net Income/(Expenditure) for - (2,868) (2,868) 922 The year _______ NET MOVEMENT IN FUNDS - (2,868) (2,868) 922 ________ Reconciliation of Funds Funds brought forward as at - 29,096 29,096 28,174 01 April 2024 _______ Fund carried forward as at - 26,228 26,228 29,096 31 March 2025 ___________
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derived from continuing activities.
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025
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BALANCE SHEET AS AT 31st March 2025
Notes 31/03/2025 31/03/2024 £ £ £ £ FIXED ASSETS Tangible Fixed Assets 7 2,760 5,490 CURRENT ASSETS Cash at Bank and in Hand 8 24,862 24,562 24,862 24,562 LIABILITIES AND CREDITORS Amount falling due within 1 year 9 (1,394) (956) NET CURRENT ASSETS 23,468 23,606 TOTAL ASSETS LESS CURRENT LIABILITIES 26,228 29,096 NET ASSETS 26,228 29,096 FUNDS OF THE CHARITY Unrestricted Funds 26,228 29,096 26,228 29,096
Audit Exemption Statement
For the year ending 31st March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors’ responsibilities:
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the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
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the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts
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these accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
These financial statements were approved by the management committee on 18[th] October 2025 and signed on its behalf by:
____ _____
Pastor (Mrs) Simisola O. Kareem - Chair Dr. Oluwaseun Adebambo - Director
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025
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Notes to the Financial Statements For The Year Ended 31[st] March 2025
1. Accounting Policies
The principle accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
(a) Basis of Preparation
Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
The Charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The accounts are prepared in sterling, which is the functional currency of the charitable company. Monetary amounts in these accounts are rounded to the nearest £.
c) Preparation of the accounts on a going concern basis
The trustees continue to adopt the going concern basis of accounting in preparing the financial statements
(b) Funding accounting
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Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
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Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c)
Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025
Docusign Envelope ID: 04D00BC2-2259-4F90-8D4D-83965BCC85FC
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Notes to the Financial Statements For The Year Ended 31st March 2025
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Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
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Investment income is included when receivable.
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Incoming resources from donations, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
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Donations intended for the purchase of fixed assets are included in Incoming Resources in the period for which they are receivable. Depreciation on related fixed assets is charged to Resources Expended.
(d) Resources Expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure also includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
- Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
(e) Tangible Fixed Assets and Depreciation
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Fixed assets are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £350 are not capitalised. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 3 years.
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A full year depreciation is charged in the year of acquisition of Fixed Assets
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A nominal residual of £10 is kept in the books in respect fully depreciated tangible fixed assets.
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All leases of buildings and equipment are operating leases, and rentals are charged to Resources Expended when incurred. No assets are held under hire purchase agreements.
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025
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Notes to the Financial Statements For The Year Ended 31st March 2025
| Year Ended Year Ended | ||
|---|---|---|
| 31/03/2025 31/03/2024 | ||
| **1. ** | Donations & Grants | £ £ |
| Un-covenanted (Tithes) | 22,079 20,292 | |
| Collection at services (Offerings) | 5,908 5,409 | |
| Thanksgiving | 1,399 1,738 | |
| Seed Offering | 510 2,365 | |
| Gift Aid Reclaims Received | 7,576 8,792 | |
| First Fruit Offering | 822 651 | |
| Rent Refund/Others |
283 1,500 | |
| 38,577 40,747 | ||
| **2. ** | Grants Paid | |
| RCCG Central Office Fund | 600 600 | |
| RCCG UK Camp Ground | 0 2,000 | |
| Other Charities | 1,600 540 | |
| First Fruit | 0 491 | |
| Compassion UK | 384 332 | |
| WEM | 1,800 1,800 | |
| 4,3845,763 | ||
| **3. ** | Direct Church Expenditure | |
| Church Outreach | 3,609 3,445 | |
| Welfare | 1,403 540 | |
| Honorarium | 1,830 970 | |
| Instrumentalist | 2,530 2,725 | |
| 9,372 7,680 | ||
| **4. ** | Church Running Expenses | |
| Rent | 14,040 11,065 | |
| Business Rates | 2,570 2,663 | |
| Cleaning & Repairs | 1,112 890 | |
| Insurance | 0 1,791 | |
| Gas & Electricity | 1,061 987 | |
| Equipment Hire/Minor Eqt. | 232 730 | |
| 19,015 18,126 | ||
| **5. ** | Administrative Expenses | |
| Telephone | 929 772 | |
| Publicity, Printing & Stationeries | 1,170 2,072 | |
| Legal & Professional Fees | 34 13 | |
| Training & Books | 3,611 2,446 | |
| Volunteers Travel & Subsistence | 200 59 |
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025
Docusign Envelope ID: 04D00BC2-2259-4F90-8D4D-83965BCC85FC
5,944 5,362
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Notes to the Financial Statements For The Year Ended 31st March 2025
| Year Ended Year Ended | Year Ended Year Ended | ||
|---|---|---|---|
| 31/03/2025 31/03/2024 | |||
| £ | £ | ||
| 6. Depreciation | 2,730 2,894 | ||
| 7. FIXED ASSETS SCHEDULE | |||
| Musical | Furniture | & Computers Total | |
| Equipments | Fittings | ||
| £ | £ | £ £ | |
| Cost as at 1 April 2024 | 17,269 | 2,545 | 1,949 21,763 |
| Addition in the year | 0 | 0 | 0 0 |
| Balance as at 31 March 2025 | 17,269 | 2,545 | 1,94921,763 |
| Depreciation b/f 01/04/24 | 11,799 |
2,535 | 1,939 16,273 |
| Charge for the period | 2,730 | 0 | 0 2,894 |
| Balance as at 31 March 2024 | 14,529 | 2,535 | 1,939 16,273 |
| Net Book Value | |||
| Balance as at 31 March 2025 | 2,740 | 10 | 10 2,760 |
| Balance as at 31 March 2024 | 5,470 | 10 | 105,490 |
| 8. CASH AT BANK AND IN HAND | |||
| Year Ended Year Ended | |||
| 31/03/2025 31/03/2024 | |||
| £ £ | |||
| Bank | 24,862 25,000 | ||
| 9. CREDITOR | £ £ | ||
| Loan falling due within 1 Year | 1,394 956 |
Redeemed Christian Church of God, The King’s Court Financial Statement For The Year Ended 31[st] March 2025