THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 CONTENT Page Statutory Information Report of the Trustees Report of the Accountants Statement of Financial Activities Balance Sheet Notes to the accounts 7-10 This does not form part of the statutory accounts Income and Expenditure Account 11
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 STATUTORY INFORMATION Principal Address: 45 LINDEN ROAD BOGNOR REGIS WEST SUSSEX P021 2AP Registered Number: 1147716 Accountants: Alani Idowu & Co T/A Wollydee Associates Unit 6 Victory Park Industrial Estate Failsworth Manchester M35 OBG Bankers: HSBC
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH P.EPORT AND FINANCLAL STAfLMErri S rOR ThE YCAR EtNDED O? APRIL 2025 REPORT OF THE TRUSTEES Trustee5 r¥lrs Fatrma Onuk"a Dr Sunday Olatunjl Oyegblle Pastor Temitopc OluwakayodL) Eniosa Sarn50n Pastor Adekenii Adeyefa-OJo.o fvlr Samuel **kinol Tru5tees' ReJpunsibilities in Relallon to the Financlal St3temEntS Laby appllcable to Charit In England and Wales re(4uires tlie trustee) to prepare rinancial 5taicmcnts for each financ1 yexr, )hIch glvc a true fair view of the Lliartty o financial.actlvlties durino the year and of It< financiaj positian at the end of the year. In preparing those finario'al statements, the tru5Lees are required to. l. setect SLlltable accounung policies ar Ihen apply thern CDnsisiently' 2. nTake Judaemerts and cstirriates that are reasonable and prudArt: state whether applicable accounting srandards and statrrn[S of recoinniended practKe have betn followed s'Jbiect 10 aiiy depdrture dClosed and explained In the financial staternents; and 4.. prepa the flnancial statèments on the golng concern basis unless It Is in3pproprotc tv prESUmC ttrL the ch3rity will cortir7u¢ in bu5incs5- The tru5 are rEspon5ible for keeplng accounting recDrds svhlch disdose witti reasonable acairacy at any tirne the financ1 FSQSition of the chBr7ti and erFable them to ?ftsure that the fiiianaal sutemenL< comply Wlth the Charities ACI L94J, Thi ey are also responslble for safequarding the a3sets of tlie charity and hence for takino cieps. lor IhE pVEntiOn and detL?Qtioii of fraud and other irregularitles. asonable _ Chalrman Dated: 26 February 2026
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 INDEPENDENT ACCOUNTANTS REPORT We have prepared the financial statements of RCCG True Vine Parish for the period ended 05 April 2025 which comprise the Statement of Financial Activities, Balance Sheet and the related notes set out on pages 7 to 9. These financial statements have been prepared under the historic cost convention and the accounting policies set out on page 7. This report is made solely for the trustees in accordance with Section 44 Charities Att 1993. Our accounting work has been undertaken so that we might state to the Trustees those matters we are required to state to them in our accountants, report and for no other purposes. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Trustees of the Association, for our accounting work, for this report, or for the opinion we have formed. Respective Responsibilities of Trustees and Accountants The trustees, responsibilities for preparing the Trustees, Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards are set out in the Statement of Trustees, Responsibilities on page 2. Our responsibilities is to prepare the financial statements in accordance with relevant legal and regulatory requirements and United Kingdom Accounting Standards. We report to the trustees our opinion whether the financial statements give a true and fair view and are prepared in accordance with the Charities Art 1993. We also report to you if, in our opinion, the Trustees, Annual Report is not consistent with the financial statements, if the charity has not kept proper accounting records, or if we have not received all the information and explanations we require for the preparation of the financial statements. We read the information contained in the Trustees, Annual Report and consider whether it is consistent with the financial statements. We consider the implication for our report if we become aware of any apparent misstatement or material inconsistencies with the financial statements. Our responsibilities do not extend to any other information. We have prepared the financial statements with the United Kingdon Accounting Standards issued by the Accounting Standards Board. The preparation include exam- ination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the trustees in the preparation of the financial statements, and of whether the accounting policies are appropriate to the charity's circumstances, consistently applied and adequately disclosed.
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 INDEPENDENT ACCOUNTANTS REPORT Basis of opinion (continued) We planned and performed our preparation so as to obtain all information and expla- nations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance as to whether the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In form- ing our opinion, we also evaluate the overall adequacy of the presentation of informa- tion in the financial statements. Unqualified opinion In our opinion, the financial statements give a true and fair view of the state of affairs of the charity as at 5th April 2025 and of its incoming resources and application of resources for the period then ended and have been properly prepared in accordance with the Charities Act 1993. Accountants Alani Idowu & Co T/A Wollydee Associates Unit 6 Victory Park Industrial Estate Failsworth Manchester M35 OBG Dated: 26 February 2026
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds Total Funds 2025 2024 Note Incoming Resources Activities in furtherance of the charity's objects 25,743 36,891 Investment Income Total Incoming Resources 25,743 36,891 Resources Expended Cost of generating funds 4,676 6,000 Management and Administration Donation to other charities Total Resources Expended 20.514 36,826 25,190 42,826 Net incoming resources before other recognised gains and losses 553 (5,935) Other recognised gains and losses Net movement in funds for the year 553 (5,935) Balance Brought Forward 3,497 9,432 Total funds as at 5 April 2024 4,050 3,497 All activities relate to continuing operations.
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VZNE PARISH REPORT AND FINANaLI STATEfrIENT5 FDR ThE YEAR ENDED 05 APFJL 2025 BALANCE SHEET AS AT 05 APRIL 2025 2025 2024 Note F•xed Assets: Tangib Fixed Assets Current Assets Rewvable Balance at bank and Tn h3nd 4.050 4.050 3,497 Curent Liabllities Credltors: Arnount falling due wifhln l Yfaar Net Current Assets 4,050 3,497 Credltors Atnount due more than I year Total Assets Less urrent Liabllities Represenietj by: General Funds Unr25trkCted FunLe 4,050 3,497 Restricted Funds 11 Apprvved by ttric tru5tfC5 on ?6 uf Fcbruory 7025 d ?Kned on Its behalf by: (Ch Ir
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 NOTES FORMING PART OF THE FINANCIAL STATEMENTS l. Principal Accountiong Policies a. Accounting Convention The financial statements are prepared under the historic cost convention. In preparing the financial statements, the charity follows the best practice as laid down in the Statement of Recommended Practice "Accounting and Repo- rting by Charities" (SORP 2000) issued in October 2000. To comply fully with The Statement of Recommended Prartice, would require investments to be accounted for at valuation. The trustees are of the opinion that since the investments are held for the long term, it would be inappropriate to account for unrealised gains and losses for the period. Therefore investments have been accounted for at historical cost. This is the only exception to compliance with The Statement of Recommended Practice. The market value of the investments is disclosed. b. Income from members is credited to the income in the year in which it is receivable by the Association. All other income is credited to income in the year in which it is received on a cash basis. c. Donations to other charities are charged in the year when the offer is conveyed to the recipients except in those cases where the offer is conditi- oning, such as donations or grants being recognised as expenditure when the conditions attached are fulfilled. d. Unrestricted funds are general funds which are available for use at the disc- rection of the trustees in furtherance of the general objectives of the Asso- ciation and which have not been designated for other purposes. e. Tangible Fixed Assets The tangible assets are stated at cost less depreciation. The general policy is to provide depreciation on fixed assets on a reducing balance method over their estimated useful lives. No depreciation is charged in the year in which the assets are sold or scrapped. Tangible fixed assets are depreciated at rates appropriate to the assets concerned. Freehold Property Improvements to Property Equipments Furniture and Fixtures 0% 15% 15% 15%
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (continued) 2. Incoming Resources - Attivities in furtherance of charity's objects 2025 2024 rithes and Offerings Building Fund 25,743 29,034 25,743 29,034 7,857 36,891 Gift Aid 25,743 3. Investment Income 2025 2024 Interest received on bank deposit account 4. Cost of Generating Incoming Resources 2025 2024 Outreach events Publicity and Radio Ministry Love offerings 4,076 6,000 4,676 6,000 5. Management and Administration 2025 2024 Rent and Service charges Church Administration & Office Car, Travelling and Accomodation Postage and stationery Telephonel Intemet Donation to Central Office Donation and Welfare Subsciptions Insurance Utilities Miscellaneous Accountancy and Bookkeeping Bank Charges 8.788 7,150 3,939 712 150 1.698 173 600 6,214 10,485 6,957 628 1,134 1,052 446 650 83 35,410 180 1,064 388 350 79 21,559
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (continued) 6. Tangible Fixed Assets Motor Office ment & Music ui MA Furniture Van ui ur Total Cost Brought Forward Additions 3,550 1,420 820 5,600 1,330 12,720 Carried forward 3,550 1,420 820 5,600 1,330 12,720 Depreciation Brought Forward Provided during the year 3198 352 1278 142 738 82 5480 120 1200 130 11,894 826 Carried forward 3,550 1,420 820 5,600 1,330 12,720 Net Book Value At 5th April 2025 7. Receivable Amount falling due within i year 2025 2024 8. Creditors Amount falling due after more than l year 2025 2024
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 NOTES FORMING PART OF THE FINANCIAL STATEMENTS (continued) 10. Unrestricted Funds 2025 2024 Balance Brought Forward 3.497 9,432 Net movement in Funds for the year 553 (5,935) Balance Carried Forward 4,050 3,497 11. Restricted Funds 2025 2024 This represents amount provided and set aside for specific purpose. 10
THE REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TRUE VINE PARISH REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 05 APRIL 2025 STATEMENT OF FINANCIAL ACTIVITIES 2025 2024 Incoming Resources Tithes and Offerings 25,743 29,034 Other Income 25,743 29,034 7,857 36,891 Gifts Aid Receivable 25,743 Resource Expended Cost of generating funds Outreach events Love offerings 4,676 6,000 4,676 6,000 Charitable expenditure Donations to other charities 980 3,440 Management and Administration Rent and Service charges Church Administration & Office Car, Travelling and Accomodation Postage and stationery Telephone/ Internet Donation to Central Office Donation and Welfare Subsciptions Insurance Utilities Miscellaneous Accountancy and Bookkeeping Bank Charges 8.788 7,150 3,939 712 150 1,698 173 600 6,214 10,485 6,957 628 1,134 1,052 446 650 83 36,826 180 1,064 388 350 79 20.514 Total Resource Expended 25,190 42,826 Excess of Incoming Resources Over Resource Expended 553 11