THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING FOUNTAIN OF WATERS
Trustees Report For The Year Ended 31st December 2024
The Trustees present their report together with the accounts for the year ended 31st December 2024. The accounts have been prepared in accordance with the Statement of Recommended Practice 2005 and other applicable laws.
Structure, Governance and Management
The charity is constituted under a Trust Deed with registered charity number 1146502.
a) Method of Appointment or Election of Trustees
The management of the church is the responsibility of the Trustees who are elected and coopted under the terms of the Trust Deed.
b) 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 other Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.
c) Organisational Structure and Decision Making
The Charity is organised so that the Trustees meet regularly to manage its affairs There is an administrator/account personnel that handle the daily affairs of the charity.
d) 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 are in place to mitigate our exposure to the major risks.
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The Redeemed Christian Church of God Living Fountain Of Waters
Obiectives and Activities
a) Policies and Objectives
The objectives of the church are to advance the Christian religion for the public benefit in accordance with the doctrines of our Lord Jesus Christ, through the holding of prayer meetings, lectures, evangelism, distributing of literature and tracts, broadcasting and such charitable means as the trustees consider appropriate; and the relief of poverty.
b) Strategies for Achieving Objectives
The Charity has adopted the following strategies for achieving the above objectives: Organising seminars and events with proven speakers and ministers of the faith to guide members in the various aspects of the Christian faith; and support for other charities and Christian events.
c) Activities for Achieving Objectives
Advancement of christian religion. Community outreach events. Provision of welfare support to members. Provision of support to other charities. Conferences and Events.
d) Grant making Policies
In line with the object of the charity, to relief poverty and the advancement of Christian religion worldwide. The charity has a policy of supporting missionary organisations such as the Festival of Life, World Evangelism Mission and other charities and members of the congregation who are in need, (this is at the discretion of the trustees).
e) Volunteers
The charity is grateful for the good efforts of its volunteers who are involved in service provision. The charity has a volunteer coordinator to ensure that best value is derived from the sterling efforts of our volunteers.
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The Redeemed Christian Church of God
Living Fountain Of Waters
Achievements and Performance
a) Review of Activities
The charity is consolidating the gains of previous development and has successfully ministered to the needs of various social groups within and outside the church. The charity provides forum for manpower development for its members to be equipped, educationally, socially and spiritually. It offers various counselling sessions to the needy, unemployed, and educational and makes referral whenever the need arises.
The charity provides counselling services to members of the community. We have also embarked on various training programmes to equip more church volunteers with the relevant counselling skills 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 Sunday afternoon under a caring, supportive and encouraging atmosphere.
The charity still continues to fulfil its main objectives, by creating facilities to help develop the whole man, spiritually, mentally and physically. We have invested time, energy and money into activities and programmes that has helped prevent youth crimes, depressions in people, child abuse and such social vices that are eating deep into our society.
Financial Review
a) Reserves Policy
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 offerings and tithes by church members and through gift aid scheme. Pledges are also taken for specific projects.
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The Redeemed Christian Church of God
Living Fountain Of Waters
Plans for the Future
a) Future Developments
The charity aims as part of fulfilling its main objectives, to continue 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.
Statement of Trustees' Responsibilities
The Trustees are responsible for preparing the Annual report and Financial statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under the law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are requested to:
• Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
• State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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The Redeemed Christian Church of God Living Fountain Of Waters
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the General Directions given by the Charity Commission. 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.
Approval
This report was approved by the board of trustees on 30th June 2025 and signed on its behalf by:
Name: Isaac Akande
Signature: Date: 8th July 2025
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The Redeemed Christian Church of God Living Fountain Of W*lers The TNslees are responsible for keeping proper accounting records, which disclose with reawnable accuracy at any time the financial posltion of the charity and to enable them to ensure thai Ihe ftnancial staiements comply with the General Directions given by the Charity Commission. They are also responsible for safeguarding the &ssets of th¢ charity and h¢nce for taking ronable Steps for the pr¢v¢ntion and detection of fraud and other irregularities. This report was approved by the board of trustees on ........ its behalf b and signed on Name:... Isa& Signature: .......... Page 6
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING FOUNTAIN OF WATERS Statement Of Fkn•x¢knl Atdvitks For Tre Year FAded 315t Decembff 2024 To¢•1 otrs Umrcstritt F•nd Restri¢ted Fd 55.112 47,683 Volunthry Sources- ¢jthc& offerings donatsons thanksgivin& e Gift Aid Reclaim 55.112 m1scellanern TCIF- oth¢r incom¢ inv¢s(menl income 1273 .273 1,027 56J85 48,710 Totxl i¢owln£ re8•wre 56J85 19.627 12.617 Cost of generdling fijnds in furthcranr¢ of thc ¢hariWs obj¢rtiVCS Mwug¢ment & Administrniiim ofchari 34,766 36,756 54J93 49J73 {(rfJ3) ]Y¢t ID¢oml•g resobYte# l (ouliol•il resaurte5 Cmher recognis¢d g8in5 ond losses Gr03s Transfcr bclw¢cn fimds m4)veMent th fts for the year- tt latomtl{¢xwditsre) for the yujr {663) Trfal fwid5 brwtht f(nY4rd Iiir2024 Amouni wlo 89,614 ,277 Totsl F•ttds Carrltd Forward At 31$¢ Deee•btr 2024 91,6( 89.614 Sign:...... Pte 8
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING FOUNTAIN OF WATERS BAl*Bre Sb¢et AJ At 315¢ Dtcewber 2024 2023 Flied •ssets Tangible assets 1,362 1,316 CurreBt •sy¢ts Cash • bk and in hand 88,948 92.094 88,948 Creditors . AmouDt falXDz dut year Net &wts 1x1.244 88.298 91ffj06 89.614 UNRFsTricfED FUNDS Rc5trirtcd fvnds Unrestricted funds 91,rf 89.614 Fuud b•l•Dces 91.606 89.614 Board of Tntstees: Nam¢.' Signaur:
The Redetnwd Chrtgti•u Cb•reh olG•d Livio8 Of WttTS 5. Ineomlni rejovrees Unrestrirtcd fmits Reslrici funds Total Tithes. Offcring & Thanks£ivin£ Gift Aid Reclahrn Others 55.112 5).112 47,683 1273 1.273 1.027 56.385 48.710 6. Cosl of gentrgtiD% fvttds Ill fgrtheranre of th¢ ¢h•ri¢y's obAe¢ts: Rent & rat¢s (Incl lighL he81 & wwer) Ilonordrium Bwks & TeKhing Mawials Church tr¢ach. Advcnis¢ment & Publi¢iry Welfarc Supwrt & Hospitality 4,486 1.7CKJ 120 8.485 4.836 2,205 1.850 6.309 2.253 19A•27 IL617 7. Minat¢mtnt & AdThlnbtrllM of CTh*rity Charitabl¢ donations: Central Office Fund IVEM Fund Camp Gr(wJnd 8(X) 51 19.860 530 Church Running Expenses & Adminisirati Travelling Expenses Bank Charges Telephone & InimKI Acctyjnn¥ry fe¢s Deprecialion.. rixtiires & equipments 22.684 290 12 912 650 781 650 454 439 125
THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING FOUNTAIN OF WATERS
Accountants / Independent Examiner's Report For The Year Ended 31st December 2024
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 4.
Respective responsibilities of the trustees and independent examiner
The charity trustees are reponsible 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) (the 2011 act).
It is our responsibility to:
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examine the accounts (under section 145 of the 2011 Act;
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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
Our 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, we do not express an audit opinion on the view given by the accounts.
It is our 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 acounts 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.
Signed:
Flourish Global Consulting
(A firm with Chartered Accountants & Management Consultants) Unit 9 Challenge House 616 Mitcham Road Croydon CR0 3AA
Date: 3rd September 2025
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