THE REDEEMED CHRISTIAN CHURCH OF GOD STILL WATERS, CLACTON
Charity reg. no.1145651
TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON
CONTENTS
| Trustees' report | 1- 4 |
|---|---|
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the financial statements | 8- 11 |
THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees Mr O Akinsanya Pastor M Peters Mrs G Akinlade Dr U Alikwegwe Dr A Obisesan Charity registration Number 1145651 Principal Office 2/2A Sadd's & St John's Yard Skelmersdale Road Clacton- On-Sea CO15 6BP Parish Pastor Pastor Mayowa Peters Independent Examiner Tunji Ogedengbe 36 Daffodil Close Hatfield Hertfordshire ALIO 9FF Bankers HSBC PLC Midland House 26 North Station Road Colchester CO1 1SY
THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON
TRUSTEES' REPORT FOR YEAR ENDED 31 DECEMBER 2024
The Trustees submit their annual report and the financial statements of The Redeemed Christian Church of God Still Waters, Clacton (the charity) for the year ended 31 December 2024. The Trustees' confirm that the annual report and financial statements of the charity comply with the current statutory requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.
STATUS
The charity is constituted under a Trust Deed dated 2nd January 2013 and was registered on the 26th of January 2013 as a charity in England and Wales with the charity number 1145651.
APPOINTMENT OR ELECTION OF TRUSTEES
Recruitment and appointment of trustees would be in line with Trust Deed and with the consent of the trustees. The Criteria set for the suitable candidate would be someone who is sensitive to the needs and demand of the organization.
POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEE'S
The induction process for a newly appointed director comprises an initial meeting with the chair and other Trustees, followed by short meetings with the parish pastor on the powers and responsibilities of the Trustees.
ORGANISATIONAL STRUCTURE AND DECISION MAKING
The charity is organised so that the Trustees meet regularly to manage its affairs. All major decisions are collectively taken by the trustees. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to the account. The Parish Pastor manages the day to day administration of the church.
RELATED PARTY RELATIONSHIPS
RCCG Stillwaters Clacton is a parish of The Redeemed Christian Church of God which has parishes all over the world. The parish's relationship with other parishes is governed by an 'Agreement for Common Purposes'.
RISK MANAGEMENT
The Trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate our exposures to the major risks.
OBJECTS AND ACTIVITIES
The principal object is the advancement of Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objectives, the church adopted the following strategies:
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Running seminars in the church with proven ministers of the faith to guide members in the various aspect of Christian faith,
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Support for other charities and Christian events,
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Providing overseas aid and famine relief, and
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Involving in economic and community development
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THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON
TRUSTEES' REPORT (Continued) FOR YEAR ENDED 31 DECEMBER 2024
The activities for achieving its objectives include:
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, • Community outreach events
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, • Conferences and events
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, • Welfare support to members and general public, and
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, • Various missionary activities
GRANT MAKING POLICY
The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG Programmes. The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.
PUBLIC BENEFITS
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on the public benefit when reviewing the charity' aims and objectives and in planning future activities.
VOLUNTEERS
The church is grateful for the efforts of its volunteers who are involved in providing services for the charity.
REVIEW OF ACTIVITIES
The church continue to enjoy tremendous growth in its physical and spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust deed. The Charity has continues to affect it community positively. Apart from meeting the needs of the less privileged in our community, we held activities to bring the whole community together.
In the Year the Church was able to enlarge its place of worship by leasing additional space from the landlord. The place had been redecorated to make it conducive and safe for the purpose for which it will be used. The musical equipment, audio visual equipment and furniture were also upgraded to ensure quality worship. For the
furture, the charity plans to increase its activity in Clacton and be more involved in community organised events for public benefit.
INVESTMENT POLICY
The trustees have decided that at present, funds should be retained in Banks and Building Societies, and as far as possible in interest bearing accounts.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON
TRUSTEES' REPORT (Continued) FOR YEAR ENDED 31 DECEMBER 2024
RESERVES POLICY
The directors' policy is to have unrestricted and uncommitted funds (free reserves) to cover 2 to 4 months of resources expended which equals to roughly £6,500 to £13,000 in general funds. They feel that this would enable the current activities to continue if there is a significant drop in funding. It would obviously be necessary to then consider how the funding would be replaced or activities changed. The present free reserve is below the the policy range. The trustees are continuing to seek additional unrestricted funds to build up the reserve.
PRINCIPAL FUNDING
Funding has been provided mainly through tithes and offerings by church members and through gift aid receivable. Pledges are also taken for the specific projects. Donations were received towards the church building project.
FUTURE DEVELOPMENT
The charity continues to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life-changing impact in society.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON
TRUSTEES' REPORT (Continued) FOR YEAR ENDED 31 DECEMBER 2024
STATEMENT OF TRUSTEE'S RESPONSIBILITIES
The trustees are responsible for preparing the annual report and financial statements in accordance with applicable laws and United Kingdom Generally Accepted Accounting Practice.
Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements for each year which will give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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, • Select suitable accounting policies and then apply them consistently; Observe the methods and principles in the Charities SORP;
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, • Make judgement 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 company will continue in operation.
The trustees recognise their responsibilities to keep proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charity Act 2011. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The appended financial statements have been prepared on the accruals basis and have been examined by an independent examiner, whose report is also appended.
Approved by the Trustees on 6th October 2025 and signed on their behalf by:
Trustee Trustee
Deacon Mr O Akinsanya Pastor M Peters
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THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON
INDEPENDENT EXAMINER'S REPORT FOR YEAR ENDED 31 DECEMBER 2024
TO THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD -STILL WATERS, CLACTON
I report on the accounts of the charity for the year ended 31 December 2024 which is set out on pages 9 to 14.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE 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 ..... of the Charities Act 2011 that an independent examination is needed.
It is my responsibility to:
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, • examine the accounts under section 145 of Charities Act 2011;
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, • follow the procedures laid down in the General Directions given by the
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Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
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, • state whether particular matters have come to my attention.
BASIS OF EXAMINER'S STATEMENT
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 below.
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 trustees have met the requirements to ensure that:
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to keep accounting records in accordance with the requirement of Section 41 of the Act ; and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the
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Charities Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
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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.
Tunji Ogedengbe 36 Daffodil Close Hatfield Hertfordshire AL10 9FF
Date: 6th October 2025
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THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | Funds | Funds | |||||
| Notes | £ | £ | £ | £ | ||||
| INCOMING RESOURCES | ||||||||
| Donations, legacies & similar incoming resources | 2 | 41,755 | - | 41,755 | 51,395 | |||
| Activities in furtherance of charity's object | - | - | - | - | ||||
| Grants received | - | - | - | - | ||||
| Gift Aid | 3 | - | - | - | - | |||
| Total incoming resources | 41,755 | - | 41,755 | 51,395 | ||||
| RESOURCES EXPENDED | ||||||||
| Grants payable - individual | - | - | - | - | ||||
| Grants payable - institutional | 5 | 4,216 | - | 4,216 | 10,070 | |||
| Costs of activities in furtherance of charities objects | 6 | 34,493 | - | 34,493 | 76,385 | |||
| Management and governance costs | 7 | - | - | - | - | |||
| Total resources expended | 38,709 | - | 38,709 | 86,454 | ||||
| Net (Outgoing)/Income resources for year | 3,046 | - | 3,046 | - | 35,059 |
|||
| Balance b/fwd | 10,908 | 10,908 | 45,967 | |||||
| Prior Year Adj | - | 1,800 |
- | 1,800 |
- | |||
| BALANCE AT END OF YEAR | 12,154 | - | 12,154 | 10,908 |
Movements in reserves and all recorgnised and losses are shown above
The charity's incoming resources and resources expended all relate to continuing activities.
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THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON Balance Sheet
At 31 December 2024
| Notes FIXED ASSETS Tangible assets 8 CURRENT ASSETS Cash in hand 9 Debtors: amounts falling due after more than one year 10 Prepayment LIABILITIES Accrual 11 NET ASSETS CHARITY FUNDS General - unrestricted 1d General - restricted 1e TOTAL FUNDS |
2024 2023 Total Total Funds Funds £ £ 251 335 1,153 2,023 11,100 8,900 |
|---|---|
| 12,253 10,923 |
|
| 350 350 |
|
| 350 350 |
|
| 12,154 10,908 |
|
| 12,154 10,908 - - |
|
| 12,154 10,908 |
Approved By The Trustees on 6th October 2025 and signed on their behalf by Mr O. Akinsanya
Mr O. Akinsanya Signature
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THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON
Notes to the Financial Statements For the year ended 31 December 2024
1 ACCOUNTING POLICIES
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(a) The accounts are prepared under the historical cost convention and in accordance with applicable accounting standards. They follow best practices as set out in the Statements of Recommended Practice: Accounting and Reporting by Charities (SORP) issued March 2007 as modified for smaller charities.
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(b) Income and expenditure is accounted for on an accruals basis.
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(c) Fixed assets comprise equipments, musical instruments and other tangible assets costing more than £100 or with a useful life of more than one year. Fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vechicle -25% on reducing balance Musical Equipment -25% on reducing balance Computers and projectors -25% on reducing balance Furniture and fittings -25% on reducing balance
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(d) Unrestricted funds are incoming resources received for the objects of the charity without further speciefied purpose and are available as general funds
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(e) Restricted funds are subject to restrictions on their expenditure imposed by their donors. Amount represents balance on building fund.
2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
Collection at all services
3 OTHER INCOME Gift aid recovered
4 GRANTS PAYABLE - INDIVIDUAL Individual welfare
| **Unrestricted ** | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| 41,755 | - | 41,755 | 51,395 | |
| 41,755 | - | 41,755 | 51,395 | |
| £ | £ | £ | £ | |
| - | - | - | - | |
| - | - | - | - | |
| **Unrestricted ** | Restricted | Total | Total | |
| Funds | Funds | Funds | Funds | |
| 2024 | 2024 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| - | - | - | - |
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THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON
Notes to the Financial Statements - continued For the year ended 31 December 2024
| 5 GRANTS PAYABLE - INSTITUTIONAL Charitable giving - UK Charitable giving - Overseas Total List of institutional grants payable - UK RCCG WEM - World Evangelism RCCG Central Office - Mission Support RCCG FOL - Mission support Donation and gifts Welfare Total grant payable-Institutional 6 COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS Music equipment Hall hire, rent & rates Multimedia Telephone Motorvan Postage and stationery Training Salary Utilities Community programme Depreciation Bank Charges Travel Building Other Seminar and conferences Thanksgiving Cleaning Men's department Honorarium Website Equipment Insurance Office Hospitality Children Repairs maintenance |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ - - - - - - - - |
|---|---|
| - - - - |
|
| £ £ £ £ 1,800 - 1,800 1,800 600 - 600 1,585 120 - 120 1,535 150 - 150 2,748 1,546 1,546 2,402 |
|
| 4,216 - 4,216 10,070 |
|
| £ £ £ £ 196 - 196 2,353 10,049 - 10,049 19,792 243 - 243 644 1,024 - 1,024 1,403 1,999 - 1,999 - 1,114 - 1,114 1,029 1,150 - 1,150 2,311 1,920 - 1,920 18,982 2,250 - 2,250 3,162 - - - 4,232 84 - 84 112 120 - 120 201 3,726 - 3,726 3,450 1,293 - 1,293 1,742 - - 1,800 1,350 - 1,350 - 1,000 - 1,000 - 1,158 - 1,158 - 440 - 440 - 400 - 400 - 95 - 95 - - - - 3,400 556 - 556 1,986 431 - 431 2,593 2,899 - 2,899 4,386 796 - 796 1,277 200 - 200 1,531 |
|
| 34,493 - 34,493 76,385 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON
Notes to the Financial Statements - continued For the year ended 31 December 2024 7 MANAGEMENT AND GOVERNANCE COSTS £ £ £ £ - - Examiners fee - accountancy Professional fees - - - - -
8 TANGIBLE FIXED ASSETS
| COST At 01 January 2024 Additions Disposals At 31 December 2024 DEPRECIATION At 01 January 2024 Charge for year At 31 December 2024 NET BOOK VALUE At 31 December 2023 At 31 December 2024 9 CASH BALANCES Total uncommitted balances held in all current account at period 10 DEBTORS AND PREPAYMENT Debtors Prepayment |
Motor Vechicle £ 2,531 - - |
Musical Computers Furniture equipments & projectors & Fittings Total £ £ £ £ 1,453 1,365 2,574 7,923 - - - - |
|---|---|---|
| 2,531 2,424 27 |
1,453 1,365 2,574 7,923 1,392 1,307 2,465 7,588 15 15 27 84 |
|
| 2,451 107 |
1,407 1,322 2,492 7,672 61 58 109 335 |
|
| 80 | 46 44 82 251 |
|
| end | Year ended Year ended 2024 2023 £ £ 1,153 2,023 |
|
| 2024 2023 £ £ 11,100 8,900 |
||
| 11,100 8,900 |
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THE REDEEMED CHRISTIAN CHURCH OF GOD - STILL WATERS, CLACTON
Notes to the Financial Statements - continued For the year ended 31 December 2024
| CREDITORS Accrued expenses Trade Creditor's due within 12 months |
2024 2023 £ £ 350 350 - - |
|---|---|
| 350 350 |
11 CREDITORS
12 RELATED PARTY TRANSACTIONS
During the year, the church paid instutional grants to other RCCG organisations such as the World Evangelism Mission as stated in note 7.
Year ended Year ended STAFF COST AND NUMBERS 2024 2023 Staff costs were as follows £ £ - - - - Wages and salaries Year ended Year ended The average number of employee during the year was as follows 2024 2023 No. No. Pastoral - - - - Charity administrations - -
13 STAFF COST AND NUMBERS
No employee received remuneration in the year.
14 NET INCOMING RESOURCES/(RESOURCES EXPENDED)
This stated after charging
Depreciation of tangible assets owned by the charity Independent examiners's fees
Year ended Year ended 2024 2023 £ £ 84 112 350 350 434 462
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