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← The Redeemed Christian Church Of God Hope Chapel

2024-12-31-accounts

RCCG Hope Chapel

LEVENSHULME, MANCHESTER

THE REDEEMED CHRISTIAN CHURCH OF GOD, HOPE CHAPEL

TRUSTEE’S REPORT AND ANNUAL ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

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RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

RCCG Hope Chapel

LEVENSHULME, MANCHESTER

Page
Corporate Information 3
Board of Trustee’s Report 4
Independent Examiner’s Report 15
Statement of Financial Activities 16
Statement of Financial Position 17
Accounting Policies 18
Notes 20

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RESTORING HOPE TO HUMANITY THROUGH THE HOLY SPIRIT

Corporate Information

Registered Charity Number: 1145966
Registered Office: 9 Sandpiper Drive, Adswood
Stockport, SK3 8UL
Principal Office: 1st / 2nd Floor, 958/960 Stockport Road
Levenshulme, Manchester
M19 3NN
Board of Trustees: Pastor Samuel Okodoa
Pastor Olalekan Kaffo
Pastor Ayodele Ogunnubi
Bankers: Natwest

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Board of Trustee’s Report

1.0 Introduction

The Trustees present their annual report and financial statements of the charity for the year ended 31st December 2024. The Trustees have adopted the provisions of the Statement of Recommended Practices (SORP) ‘Accounting and reporting by charities’ issued in March 2005 in preparing the report and financial statement of the charity

1.1 Public Benefit Statement

The Trustees confirm that they have complied with the duty in section 4 of the Charites Act 2011 to have due regard to the Charity Commission’s guidance on public benefit "Charites and Public Benefit".

1.2 Structure, Governance and Management

The Redeemed Christian Church of God Hope Chapel Manchester (RCCG Hope Chapel) is a parish of the Redeemed Christian Church of God. This is a network comprised of churches all over the world. There is an agreement of common purposes entered into by RCCG Hope Chapel Manchester with the Redeemed Christian Church of God which documents this relationship.

Registered in 2012, it is governed by a Trust Deed and is controlled by a board of trustees whose members are appointed as set out in the constitution of the charity. Membership of the Board of Trustees consists of 3 individuals appointed by the charity who are of high spiritual and moral standing.

1.3 Objectives and Activities

The charities main objects are:

It pursues these objects by the operation of a centre for Christian worship currently located at 958/960 Stockport Road, Manchester and through other community-based events aimed at reaching out the un-churched members of the community.

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Board of Trustee’s Report

As a local parish our motto is “restoring hope to humanity through the Holy Spirit”. This reinforces our focus on less privilege, drug addict, jobless, families, young adults and children. We believe that

strong families are the building blocks of stronger communities, and strong community clusters are in turn the backbone of cohesive society and nations. We seek to achieve this by encouraging a culture of faith and prayer within our community through our Sunday celebration/prayer services and Wednesday bible study meeting. ”

1.4 Achievements and Performance

NEW YEAR THANKSGIVING

New Year thanksgiving was held on Sunday, 1st of January 2024. There were great excitements in the church being the first Sunday and the first day of the year. There were a lot of testimonies and all kinds of appreciations from different members and with great hope for a better a year ahead.

JOB EXPOSITION PROGRAMME

The Youth arm of the church organized a job exposition programme which was held on January13th, 2024 virtually with high numbers of participants.

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TEENS CAREER AWARENESS SUNDAY

The church organised teens career awareness Sunday on the 14th and 21st of January,2024. some professionals including the pastor took time to sensitise them on the choice of career as some of them are in the college and preparing to go to the university. They were all extremely blessed.

HOPE CHAPEL 13TH YEAR ANNIVERSARY

The church held her 13th year anniversary between 9th and 11th February 2024. It was tagged GLORY CONFERENCE, two different guest ministers were invited. The period was a moment of great reflection of God’s glory and participant were blessed.

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Board of Trustee’s Report

WOMEN OF HOPE PROGRAMME

The women of the church (WOH) held a programme 9th of March 2024 tagged Purposeful Parenting, a guest minister was invited who took time to speak to all parents on their roles in bringing up their children, all participants were blessed and subsequent time.

EASTER SUNDAY PROGRAMME

The church organized an Easter Sunday programme in the church on 31st of March 2024 to celebrate the resurrection of Jesus Christ, it was awesome moment in the presence of God.

LEADERSHIP AND CAREER DEVELOPMENT SERIES

The youths of the church organised a leadership and career development progamme on 13th of April 2024 for the youths, it was an eye opener for the youths and some of the teenagers in the area of choosing a career.

HEALTH WORKSHOP 2024

A one day health workshop was jointly organised by the men and the women of the on 11th of May 2024. Every aspect of health were toched both by the speaker that spoke virtualy and the one onsight.

It was so much educative and it held many to have a redirection about their healths.

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Board of Trustee’s Report

WORKERS RETREAT 2024

The church authority organized a one- day workers retreat on Saturday 25th May, 2024 for the church workers. It was a great time of revival and blessing for every participant.

CHILDREN’S DAY CELEBRATION

This year children’s day celebration was marked on the 26th of May, 2024 . It was a fun fair for all the children that were in attendance. They were all excited

FATHERS’DAY 2024

This year fathers day was celebrated on 16th June ,2024 in

the church and a football tournament was held on the 15th of June among some RCCG churches in Manchester. It was an event of great bonding

YOUTH SUNDAY

Youth Sunday was held on 23rd of June 2024 , the entire service was anchored by the youths, all parents were happy seeing the youths playing great roles in a Sunday service and everyone was blessed.

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Board of Trustee’s Report

2024 MID-YEAR PRAISE

This year mid-year praise was held on Saturday 22nd, June 2024 in the church. The hands of God were felt during the programme, souls were lifted and God’s presence was powerfully in move in the house.

2024 TEENS SUNDAY

The Teens arm of the church held their Sunday on 30th of June 2024. The church was blessed through them and a lot of potentials were discovered.

2024 PASTORS APPRECIATION WEEK

Pastors appreciation week was observed in the church , members reached out to our pastors in different ways.

WOMEN OF HOPE RETREAT 2024

The women of the church had a three day retreat outside the church between 19th and 21st of July where they invited a guest minister, they had great time in God’s presence and also had fun.

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Board of Trustee’s Report

2024 HOUSE FELLOWSHIP AWARENESS SUNDAY

The church held her house fellowship awareness Sunday, a lot of events took place such as kahoot, bible quiz and sword drill. It was colorful and every participant was happy and the entire church were blessed.

MEN OF HOPE BARBECUE

Men of the church organised a barbecue get-together at Runcorn on 24th of August 2024 . The programe had huge number of turn out of men in attendance, it was colorful and also a feasting event.

MANCHESTER TEENS/CHILDREN BIBLE QUIZ COMPETITION 2024

The teenagers and the children participated in a quiz competiton organised by a christian body in Manchester.Their performance was outsanding.

WOMEN OF HOPE EVANGELISM OUTREACH

The women arm of the church organised an evangelism outreach on Saturday 12th of October 2024. The women used the opportunity to reach out to souls within the evanronment. Souls were won to Christ during the event.

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Board of Trustee’s Report

DESTINY YOUTH SUNDAY

The youth had their Sunday on 27th of October 2024 tagged ‘Dominion’ in a full Sunday service. The Sunday service was anchored by them, their messages came in through drama, symposium and sermon. Every worshipper was blessed and members looked forward to having such event again.

MEN AND WOMEN OF HOPE PARENTING WORKSHOP

Both men and women of the church organised a parenting workshop tagged parenting involvement in a child’s education. A guest speaker was invited and she spoke extensively on the roles of parent in their children’s education.

2024 END OF YEAR PRAISE/LOVE FEAST

The annual end of the year praise and love feast was held on Sunday 15th of December 2024 at an event centre. Members praised God ,dined and wined and everyone were blessed and happy for being part of the annual event.

2024 CHRISTMAS JUMPER,APPRECIATION AND CAROL SERVICE

The church held her christmas carol and appreciation service was held on Sunday 22nd 2024. It was colourful,members were appreciated and there were few exchange of gifts among members.

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Board of Trustee’s Report

2024 CROSSOVER SERVICE

2024 cross over service was observed in the church on 31st of December. A guest gospel instrumentalist was invited. The church was full to her peak; the atmosphere was saturated with the presence of God. It was a great time for praising God and pouring of heart desires to God in prayer.

Hope Chapel Charity Support

Hope Chapel RCCG support different charities worldwide Including different churches in UK/ Nigeria in need of Support/Welfare.

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Board of Trustee’s Report

1.6 Risk Management

The trustees are quite satisfied with the management of the finances to fulfil the charity’s objectives despite the unpredictable nature of our income.

The trustees actively review the major risks which the charity faces on a regular basis. The trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks including DBS checks on all volunteers working with children.

1.7 Financial Review

During the year to 31st December 2024, the church had a total income of £268,410. At the year end, the level of cash reserves available for the charity’s use (excluding fixed assets) was £291,696. Total operating charitable expenditure was £223,175 giving an operating surplus of £45,235.

The Charity’s principal funding sources are the individuals who attend the church services and partner with the ministry via monthly donations.

1.8 Reserve Policy

The Trustees are aware of the need to establish a reserves policy to maintain a balance on unrestricted funds and are working to achieve a desired level of funds of about 30-35% of the gross income.

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Board of Trustee’s Report

1.9 Volunteers

The number of volunteers in 2024 was relatively stable. Some had to relocate to their home country after the expiry of their visas. Active volunteers are about 60 and passive about 10.

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Board of Trustee’s Report

2.0 Trustees’ Responsibilities

The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

Company law 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 net income or expenditure of the charity for the year. 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 Companies Act 2006. 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 Board of Trustees on 25/05/2025 and signed on their behalf by:

Full Name: Pastor Samuel Okodoa

Signature:

Position: Chairman

Date: 25 May 2025

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Independent Examiner’s Report

Report to the trustees/members of: The Redeemed Christian Church of God Hope Chapel On accounts for the year ended: 31st December 2024, set out on pages 21 - 25 Charity No: 1145966

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 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s statement

My examination was carried out in accordance with 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 the 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 statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

Signed:

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Date: 25 May 2025

Name: Tobi Labeodan FCCA, for and on behalf of The Accounting Club

Relevant professional qualification(s) or body (if any): ACCA

Address: Ground Floor, Synium House, r/o 94-96 High Street, Henley in Arden B95 5FY

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Statement of Financial Activities: Year Ended 31st December 2024

Notes
Income:
Donations and legacies
1
Other income (Grants)
1
Total Income
Total Income
Expenditures on:
Charitable Activities
2
Other Charitable Activities
2
Other Costs
2
Total Expenditures
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains/(losses) on revaluation of fixed assets
Gains/(losses) on investment assets
Net movement in funds
Reconciliation of funds:
Total funds brought forward at 1 January 2024
Total funds carried forward at 31 December 2024		 2024
2024
2024
Unrestricted
Funds
Restricted
Funds
Total
Funds
£
£
£
233,925
1,348
235,273
33,137
33,137
267,061
1,348
268,410
267,061
1,348
268,410
186,792
-
186,792
34,583
-
34,583
1,800
-
1,800
223,175
-
223,175
43,886
1,348
45,235
-
-
43,886
1,348
45,235
265,515
41,581
307,095
309,401
42,929
352,330		 2023
2023
2023
Unrestricted
Funds
Restricted
Funds
Total Funds
£
£
£
218,153
1,520
219,673
25,098
-
25,098
243,251
1,520
244,771
243,251
1,520
244,771
179,102
-
179,102
21,518
-
21,518
1,271
-
1,271
201,891
-
201,891
41,360
1,520
42,880
-
-
41,360
1,520
42,880
224,155
40,061
264,216
265,515
41,581
307,095

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Statement of Financial Position: Year Ended 31st December 2024

Notes
Fixed Asset
Tangible assets
3
Total Fixed Asset
Current Assets
Loans & Advances
Accrued Income
Cash at bank and in hand
Other Debtors
Total Current Assets
Creditors: amounts falling due within one year
Other Creditors
Other Current Liabilities
Total Creditors: amounts falling due within one year
Net current assets (liabilities)
Total assets less current liabilities
Creditors: amounts falling due after more than one year
Other Non-Current Liabilities
Total Creditors: amounts falling due after more than one year
Total net assets (liabilities)
The funds of the charity:
Restricted Reserve
General reserves
Surplus/(Deficit) for the year
Total charity funds		 2024
£
23,077
23,077
17,800
20,307
291,696
-
329,803
550
550
329,253
352,330
-
352,330
42,929
264,167
45,235
352,330		 2023
£
29,544
29,544
7,000
12,439
260,612
-
280,051
2,500
2,500
277,551
307,096
-
-
307,096
41,581
222,635
42,880
307,095

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Accounting Policies

Scope and Basis of the Financial Statements

The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice Accounting and Reporting by Charities published in March 2005.

Income

Revenue is recognised in the period in which the charity is entitled to receipt once the amount can be measured with reasonable certainty.

Expenses

Expenditure is included in the Statement of Financial Activities (SoFA) on an accruals basis and is recognised at the point when a legal or constructive obligation arises. The majority of costs are directly attributable to specific activities. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Fixed assets

Fixed assets with an individual purchase of £300 or more are capitalised and stated at cost less depreciation which is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:

Fixtures and fittings 20%
Equipment 20%
Vehicles 20%
Building 2%

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Notes


Income
Donations and legacies
Restricted Income
Total donations & legacies
Other income
Gift Aid Receipts
Other income
Total other income
Total Income
2.
Expenditures
Charitable Activities
Premises
Utilities
Travel
Motoring & Transportation
Insurance
Administration
Advertising
Operations
Finance Charges
Depreciation
Honorarium
Total Charitable Activities
Other Charitable Activities
Outreach
Central Office
Welfare & Benevolence
Charitable Donations
Total Other Charitable Activities
Other Costs
Professional fees and services
Other costs
Legal fees
Accountancy fees
Total Other Costs		 2024
£
233,925
1,348
235,273
32,257
880
33,137		 2023
£
218,153
1,520
219,673
24,185
913
25,098
268,410
2024
£
17,047
2,577
6,470
10,272
1,238
119,958
1,020
13,637
1,806
9,218
3,550
186,792
15,514
3,925
8,971
6,174
244,771
2023
£
13,475
2,321
3,696
6,768
1,255
107,500
398
26,156
1,465
7,477
8,592
179,102
9,973
2,725
5,277
3,542
34,583
1,250
550
1,800		 21,518
721
550
1,271

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Notes

3. Assets

Cost
At 1 January 2024
Additions
Disposals
Revaluations
At 31 December 2024
Depreciation
At 1 January 2024
Charge for the year
Adjustments
At 31 December 2024
Net Book Value
At 1 January 2024
At 31 December 2024		 Vehicles
Sound &
Musical
Equipment
Computer
& IT
Equipment
Fixtures &
Fittings
£
£
£
27,475
18,408
31,858
10,347
1,949
801
-
-
-
27,475
20,357
32,659
10,347
27,475
12,426
15,426
3,216
-
2,233
5,366
1,619
-
-
27,475
14,659
20,792
4,835
-
5,982
16,432
7,131
-
5,698
11,867
5,512		 Total
£
88,087
2,750
-
-
90,837
58,543
9,218
-
67,760
29,544
23,077

4. Related Party Transactions

During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 3 under Central Office and Charitable Giving.

5. Trustee Remuneration & Expenses

During the year, there were not payments or reimbursement of expenses to trustee members.

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