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← The Redeemed Christian Church Of God Living Word Worthing

2024-12-31-accounts

CONTENTS

Reference and administrative details of the charity 3
Trustee's Report 4 - 7
Independent Examiners Report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 16

Page 1

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING

REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024

General Overseer Pastor E A Adeboye Trustees Ropafadzo Makado - Chair Regina Nwobi - Secretary Anastasia Yaadar Minister In Charge Pastor Fidel Iwobi Charity registration no 1145867 Jan to Dec 2018 Principal office 15 Barton Close Worthing West Sussex BN13 1NG Independent Examiner Tunji Ogedengbe 36 Daffodil Close Hatfield AL10 9FF Bankers HSBC

Page 2

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING

TRUSTEES' REPORTS FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of The Redeemed Christian Church of God Living Word Worthing (the charity) for the ended 31 December 2024. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the 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.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The church is constituted under a Trust Deed dated 8th Feb 2012

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are appointed and co-opted under the terms of the Trust deed.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the parish pastor and volunteers.

e. RELATED PARTY RELATIONSHIPS

Living word parish is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes".

f. RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

g. 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.

Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The objectives of the church are:

Each year our trustees review our objectives and activities to ensure they continue to reflect our aims.

In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The church has adopted the following strategies for achieving the above objectives:

and provision of care and support for the needy as appropriate;

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The main activities of the church are as follows:

d. VOLUNTEER MANAGEMENT

The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, office work and administration.

e. INVESTMENT POLICY AND PERFORMANCE

The trustees have decided that at present, funds should be retained in bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

f. VULNERABLE BENEFICIARIES

The church works with vulnerable groups including children and make sure users are safe and protected from harm. Volunteers, employees and trustees have the right checks and assessments before they can work with a church. Safeguards are in place to protect vulnerable people from abuse, and prevent abuse happening in the first place.

g. CONFLICT OF INTERESTS

No trustee is in a position where their duty as a trustee will conflict with any personal interest they may have.

h. COMPLAINTS HANDLING

We are committed to ensuring that people have all necessary support required to make a complaint. Complaints are accepted verbally or in writing, and can be formal or informal.

Anyone wishing to make a complaint will be provided with a Complaints Handling Statement, which summarises how a complaint about our service can be made.

Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENTS AND PERFORMANCE

a. REVIEW OF ACTIVITIES

The church undertook the following activities:

  1. Church Anniversary

  2. Prayer Conference

  3. Four workers/Volunteers Training

  4. Monthly Evangelism

  5. Three Water Baptisms

  6. Community Activities and provided Financial assistence

Page 5

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

a. RESERVES POLICY

Members of the church have been generous this year. The statement of the financial activities shows net surplus for the year of £9,059 and our net asset stand at £18,417.

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. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding.

b. PRINCIPAL FUNDING

This is provided mainly through voluntary tithes and offerings by the church members.

PLANS FOR THE FUTURE

a. FUTURE DEVELOPMENTS

We are hoping to acquire a building of our own and we are also praying that God will help us establish another parish with its own place of worship.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

We would also like to establish a well equipped children's church within the parish so that the children can be in a comfortable environment. Train the volunteers and ministers through various courses and seminars in order to well-equipped workforce.

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which 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:

The Trustees are responsible for keeping 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 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.

This report was approved by the Trustees on 17th March 2025 and signed on their behalf, by:

Ropafadzo Makado - Chair

Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING

Independent Examiner's Report to the Trustees of FOR THE YEAR ENDED 31 DECEMBER 2024

I report on the accounts for the year ended 31st December 2024.

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 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required. The charity's gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of FCCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

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 below. 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

(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 FCCA

DTT Consultancy Limited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

Date: 17th March 2025

Page 7

THE REDEEMED CHRISTIAN
CHURCH OF GOD, LIVING WORD
WORTHING		 CharityNo 1145867
Annualaccountsforthe period
Period start date 1st Jan 2024 To Period end
date		 31st Dec 2024
Section AStatement of financial activities
Recommended categories by activity
Details of own
analysis
Note
Incoming resources (Note 3)
Incoming resources from generated funds
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
Incoming resources from charitable activities
S04
Other incoming resources
S05
S06
Resources expended (Notes 4-8)
Costs of Generating Funds
Costs of generating voluntary income
S07
Fundraising trading costs
S08
Investment management costs
S09
Charitable activities
S10
Governance costs
S11
Other resources expended
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
Total incoming resources
Total resources expended
Net incoming/(outgoing) resources before transfers
Gross transfers between funds
Net incoming/(outgoing) resources before other recognised
gains/(losses)
Total funds carried forward
Other recognised gains/(losses)
Gains and losses on revaluation of fixed assets for the charity’s
own use
Prior Year Adjustment
Net movement in funds
Total funds brought forward		 Unrestricted
funds
Restricted income
funds
Endowment
funds
Total this year
Total last year
£
£
£
£
£
F01
F02
F03
F04
F05
- - - - -
34,702 - - 34,702 17,790
- - - - -
- - - - -
- - - - -
- - - - -
34,702 - - 34,702 17,790
- - - - -
22,570 - - 22,570 15,431
- - - - -
- - - - -
3,073 - - 3,073 2,433
- - - -
- - - - -
25,644 - - 25,644 17,864
9,059 - - 9,059 74
-
- - - - -
9,059 - - 9,059 74
-
- - - - -
- - - - -
9,059 - - 9,059 74
-
9,359 - - 9,359 9,433
18,417 - - 18,417 9,359

Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING

Section B Balance sheet as at 31st December 2024

Fixed assets
Tangible assets (Note 9)
Investments (Note 10)
Total fixed assets
Current assets
Stock and work in progress
Debtors (Note 11)
(Short term) investments
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year (Note 12)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year (Note 13)
Provisions for liabilities and charges
Net assets
Funds of the Charity
Unrestricted funds
Restricted income funds (Note 14)
Endowment funds(Note 15)
Total funds
Signed by one or two trustees on behalf of all
the trustees		 Note
B01
B02
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20		 Unrestricted
funds
Endowment
funds
Total this
year
Total last year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Endowment
funds
Total this
year
Total last year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Endowment
funds
Total this
year
Total last year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Endowment
funds
Total this
year
Total last year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Endowment
funds
Total this
year
Total last year
£
£
£
£
£
F01
F02
F03
F04
F05
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
5,900 - - 5,900 5,900
- - - - -
12,767 - - 12,767 3,709
18,667 - - 18,667 9,609
- - - -
18,667 - - 18,667 9,609
18,667 - - 18,667 9,609
250 - - 250 250
- - - - -
18,417 - - 18,417 9,359
18,417 18,417 9,359
- -
- - -
- - -
18,417 - - 18,417 9,359
Signature Print Name Date of
approval
Ropafadzo Makado 17/03/2025

Page 9

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

[** except for the following].

Give details in this box if a different standard has been followed.

 if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting Standards for Smaller Enterprises (FRSSE)”. ** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).

No changes have been made to accounts for previous years (§§ except for the following).

§§ if no changes have been made to accounts for previous periods then delete these words.

Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING Section C Notes to the accounts (cont)

Note 2 Accounting policies

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

INCOMING RESOURCES

These are included in the Statement of Financial Activities (SoFA) when:
resources  the charity becomes entitled to the resources;
 the trustees are virtually certain they will receive the resources; and
 the monetary value can be measured with sufficient reliability.
Incoming resources with Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Church of God Living Word Worthing (the charity) for the ended 31 December 2020. The
Trustees
Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts which they relate.
Contractual income and This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
distributed by the charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources when
receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facilities expended) where the benefit to the charity is reasonably quantifiable, measurable and
material_._The value placed on these resources is the estimated value to the charity of the
service or facility received.
Volunteer help The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.
Investment income This is included in the accounts when receivable.
Investment gains and losses This includes any gain or loss on the sale of investments and any gain or loss resulting from
revaluing investments to market value at the end of the year.
Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the
charity to pay out resources.
Governance costs Include costs of the preparation and examination of statutory accounts, the costs of trustee
meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service
conditions or output to be provided, such grants are only recognised in the SoFA once the recipient of the
grant has provided the specified service or output.
Grants payable without These are only recognised in the accounts when a commitment has been made and there are
performance conditions no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress These are valued at the lower of cost or market value.

Page 11

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING

Section C Notes to the accounts (cont)

Note 3 Analysis of incoming resources

Incoming resources may be further analysed if this would help the reader of the accounts.

Activities for generating funds
Jan to Dec 2018
Incoming resources from
charitable activities
Voluntary income		 Analysis This year
Last year
£
£		 This year
Last year
£
£
Donation from members 34,702 13,842
GiftAid 3,948
Total 34,702 17,790
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total - -

Page 12

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING Section C Notes to the accounts

Note 4 Analysis of resources expended

Resources expended may be further analysed if this would help the reader of the accounts.

Costs of generating
voluntary income
Governance costs
Charitable activities
Investment
management costs
Fundraising trading
costs		 Analysis This year
Last year
£
£		 This year
Last year
£
£
Rent 2,340 3,330
Church Equipment 581 -
Pastors salary 14,000 10,000
Fuel 90 -
Honorarium 50 400
Admin/ Office Expenses 344 149
Bank Charges 118 90
Travel/Transport 200 -
Multimedia 187 94
Pastor's Retreat / Conference 2,417 855
Outreach 867 -
Children 397 -
Printing - 98
Professional fees 250 316
Hospitality 729 100
Total 22,570 15,431
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
Total - -
Donation 300 -
Central Office Fund 300 300
FOL 133 -
Area 680 -
WEM 1,560 1,560
Welfare 100 573
Total 3,073 2,433
Charity registration - -
- -
- -
Total - -

Page 13

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING Section C Notes to the accounts (cont)

Note 5 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

support costs.
Support cost type Fundraising activity
£		 Charitable Activity
£		 Governance Activity
£		 Total Cost
£
- - -
- - - -
- - -
- - - -
- - -
- - - -
- - - -
Total - - - -

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses

Total amount paid

This year Last year
£ £

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor
Independent examiner’s or auditors' fees for reporting on the
accounts		 This year
£		 Last year
£
250 250

Page 14

THE REDEEMED CHRISTIAN CHURCH OF GOD, LIVING WORD WORTHING

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

Analysis of debtors
Trade debtors
Amounts due from subsidiary and associated
undertakings
Other debtors
Prepayments and accrued income
Total		 Amounts falling due
within oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year Last year
£		 This year
£		 Last year
£
- - -
- - - -
5,900 5,900 - -
- - -
5,900 5,900 - -

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

Loans and overdrafts
Jan to Dec 2020
Amounts due to subsidiary and associated
undertakings
Other creditors
Accruals and deferred income
Total		 Amounts falling due
within oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
-
250 250 -
- - - -
- - - -
- - - -
250 250 - -

Page 15