THE REDEEMED CHRISTIAN CHURCH OF GOD SOLUTION ASSEMBLY FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025 Company Reg. No 8062791 Charity Reg. No 1148330 LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH COMMUNITY CENTRE 161 SUMNER ROAD LONDON SE15 6JL. Scanned wlth CamScanner-: C5
I. ! HE REDEEMED CHRISTIAN CHURCH OF GOD 'OLUTION ASSEMBLY 'A company limited by guarantee) tEPORT AND ACCOUNTS .' OR THE YEAR ENDED 31 MAY 2025 ONTENTS Page P.Yministratlve informallon h,TJport of the Truslees l idependent Examiner's Report .)latement of Financial Activities alance Sheet '.4otes to the accounts 10-11 Detailed Incomt and Expenditure 12 Scanned wlth CamScanner-: C5
?HE REDEEMED CHRISTIAN CHURCH OF GOD OLUTION ASSEMBLY j 4 company limited by guarantee) -QEPORT AND ACCOUNTS ."OR THE YEAR ENDED 31 MAY 2025 -lioveming Document The RCCG is an incorporated organisation govemed by the Companies Acl 2006 as a company limited by guarantee with the Company Number 8062791 and Charity Number 1148330. D2ECTORS AND TRUSTEES Mrs Folake ScKlunke....................Chairperson Mr Femi Ogundipe.........................Secretary OMPANY SECRETARY Paslor Julius Adetoro IIEGISTERED OFFICE THE REDEEMED CHRISTIAN CHURCH OF GOD SOLUTION ASSEMBLY NORTHAMPTON 28, Nova Close Overtone Northampton NN6 OSH BANKERS Barclays Bank PIC Weston FaveS1 Northampton INDEPENDENT EXAMINER London Accountancy Praclice Sojourner Truth Centre 161 Sumner Road London SE15 &JL Scanned wlth CamScanner-: C5
HE REDEEMED CHRISTIAN CHURCH OF GOD 4;OLUTION ASSEMBLY 14 company limited by guarantee) IEPORT AND ACCOUNTS ". OR THE YEAR ENDED 31 MAY 2025 v8JECTS AND PRINCIPAL ACTIVITIES The advancement ol Christian faith, To provide church services and Conduct religious worship, Relief sickness and Preservalion and protection of physical and mental health To relieve povety -fftCTIVITIES, DEVELOPMENTS AND ACHIEVEMENTS: (See the RCCG separate Annual Report) Scanned wlth CamScanner-: C5
QTHE REDEEMED CHRISTIAN CHURCH OF GOD SOLUTION ASSEMBLY ,, (A company limited by guarantee) . REPORT AND ACCOUNTS 'FOR THE YEAR ENDED 31 MAY 2025 (OSTATEMENT OF DIRECTORS, RESPONSIBILITIES raw applicable to incorporated companies in England and Wales requires the trustees. who are . also the direGtors of the company, to prepare financial statements which give a true and fair view - of the state of affairs of the charity at the end of the year and of its finanoial activities during the Jear then ended. In preparing Ihose financial statements. trustees are required to: select suitable accounting policies and apply them consistently. make judgements and estimates that are reasonable and prudent. stste whether applicable accounting standards and statements of recommended practice have been followed. subject to any material departures disclosed and explained in the financial slalement, and prepare the financial statements on the going concern basi5 unless it is inappropriate to presume that the project will continue in operation. pjThe directors are responsible for keeping proper records which disclose at any time the financial oosition of the project. They are also responsible for safe guarding the assets of the organisation -and hen for taking reasonable steps for the prevention and detection of fraud and other arregularities. igned by.. .%JLI.....Secretsry Femi Ogundipe Dato ..2025 Scanned wlth CamScanner-: C5
HE REDEEMED CHRISTIAN CHURCH OF GOD ,<;OLUTION ASSEMBLY 14 MpanY limited by guarantee) -.4EPORT AND ACCOUNTS OR THE YEAR ENDED 31 MAY 2025 -I.INANCIAL REVIEW . The results of Ihe year's operation are sel oul in the attached financial statements. During the ear, the income 01 £85,837 was received against the expenditure of £62,900. The surplus for the "iar was £22,937 and reserve for the year ended 31 May 2025, was £148.859. Included in the T?sÈrves was unrestricted fund of £144,636. l lie Irustees have been aware of the need to comply with go¢)d practice guidelines issued by the iif,'harity Commission on free reseeS and the RCCG Solution Assemblys policy is included in the I ioles to the accounts. r_:IESERVES POLICY The trustees have reviewed its free reserves policy and have turned its entire unrestricted fund into an emergency reserve io enable the RCCG io me81 lis obligations in the event ol a shortlall in biicome or sudden uptum in expenditure. iISK MANAGEMENT I he trustees have examined the major rtsks which the RCCG faces and believe that by ".nainlaining our free reserves at a reasonable level, combined with our annual review of the iontrols over key financial systems, this will provide sufficient resources in the event of adverse conditions. The trustees will have to examine olher operational and business risks which the organisation may face and establish systems to mitigale the significant risks. TANGIBLE FIXED ASSETS The organisation keeps an asset register. VOLUNTEERS The ACCG recognises the signilicant contributions made by volunteers. Scanned wlth CamScanner-: C5
( I.qDEPENDENT EXAMINER'S REPORT I I I'O THE TRUSTEES OF THE REDEEMED CHRISTIAN CHURCH OF GOD iaOLUTION ASSEMBLY) . QN THE ACCOUNTS ". OR THE YEAR ENDED 31 MAY 2025 I report to the charity trustees on my examination of the accounts of The Redeemed Christian Church of God (Solution Assembly) for the year ended 31 May 2025 as set oul on pages 8-10 p.sponsibilllles and dsis of report As the charity's trustees of the Company (who are also the directors of the company for the purposes of Gompany lawl, you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (Ihe 2006 Acr}. Having satisfied myself that the accounts of the Company are not required lo be audited for this year under Part 16 of the 2006 Act and are eligible for independent examinalion, I report in respect of my examination ol your charitys accounls as carried out under section 145 ol the Charities Act 2011 {Ihe 2011 Acf). In Carlng out my examination. I have followed the Direclions given by the Charity Commission (under section 145151(b) of the 2011 Act. Idependenl Fxaminer's statement 11 have completed my eimination. I confirn that no material matters have come lo my attention (other than that disclosed below "} which gives me cause to believe that.. . accounling records were not kept in accordance with section 386 of the Companies Acl 2006" or . the accounts do not acGord with such records- or the a¢Gounls do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a 'tnJe and fairf view which is not a matter considered as part ol an independenl examination: or •the accounts have not been prepared in accordance wth the Charities SORP IFRS102). I have no concerns and have come across no olher matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signature... ..Dated ...ts....WFMK*o25 Ade Adebambo, MBA. ACMA,ACG London Ac¢ounlancy Praclice 161 Sumner Road London SE15 6JL Scanned wlth CamScanner-: C5
IHE REDEEMED CHRISIIAN CHURCH OFGOD SOLUTION ASSEMBLY STAIEMENTOF FINANCIAL ACTMTIES FOR THE YEAR ENDED 31 MAY2025 Vnrestrlctsd Restiithd Fund Fund 2025 Total 2024 INCOMING RESOURCES Legaoes & [ncur. Barktrlwesl 86,648 1,310 1.831 85,837 85137 RESOURCES EXPENDED Diieci ritable Cosrs efj,761 61900 61900 66,761 Net Resrm 22,937 22937 21.197 tKe Brw Foward 121.699 4.213 125.922 104,725 BakKe caled Fcfflrd 14636 148,859 125.922 Scanned wlth CamScanner-: C5
I>IE REDEEMED CHRISTIA14 CHURCH OF GOO SOLU7ION ASSEMBLY BALANCE SNEET AS AT31 MAY 2025 2025 2024 CVRRENT ASSETS Cash In BaJ* 149.859 149,859 126.822 126,822 CURRENTLIABIU71ES Creditors 8nd Accruals 1000 148.859 125.922 148.859 125.922 REPRESENTED BY FUNDS: Unreslncted FuThJ Restntted Fwd 144.636 4.223 121.699 4.223 14&859 125,922 For the period ended 31 MAY 2025 the Company was entitled to exemplion from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: the members have not required the company to obtain an audrt of its accounts for the year in question in accordance with section 476, the directors acknowledge Iheir responsibilities for complying with the requirements of the Act with respect lo accounting records and the preparation of the accounts these accounts have been prepared in accordance with the provision applicable to companies subject to the small companies, regime. The finanGial slatemenls on pages 8 to 9 were approve(I by the boar¢ of directots on .2025 and signed on its behalf by Sign........ .DirectorlChairperson Folake Sodunke THE REDEEMED CHRISTIAN CHURCH OF GOD Scanned wlth CamScanner-: C5
TrIE REDEEMED CHRISTIAN CHURCH OF GOD
OLUTION ASSEMBLY ,'A company limited by guarantee) VIEPORT AND ACCOUNTS OR THE YEAR ENDED 31 MAY 2025 ACCOUNTING POLICIES .-_*.1 Basis of preparation of Finanelal Statements. The financial statements are prepared under the historical cost convention and include the results of the charivs operations which are described in the Directors. Report and all of which are continuing. The accounts have been prepared in accordance with the Statement of Recommended Practice Accounting by Charilies. The charity has taken advantage of the exemption of Financial Reporting No 1 from the requirements to produce a cash Ilow slalement on the grounds that it qualifies as a small company. D_1.2 Incoming Resources J.2.1 Revenue granls are credited on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the futur8 accounting period. 1.2.2 Granls received for specific purposes are accounled for as restricted funds in the Statement of Financi Activities. 1.2.3 Donations Donations are accounted for on a cash receipts basis unless deferred. 1.2.40ther incoming resources Other incoming resources are accounted for on an accruals basis. 1.2.5 Deferred income Where a granl or aonalion is received in advance for expenditure in a future accounling period recognition of that income is deferred and released in the period in which the expenditure is incurred. 10 Scanned wlth CamScanner-: C5
'THE REDEEMED CHRISTIAN CHURCH OF GOD . SOLUTION ASSEMBLY IA Gompany limiled by guarantee) REPORT AND ACCOUNTS ( oR THE YEAR ENDED 31 MAY 2025 Reslrlcted Funds Restricted funds are lo be used for speGific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund. together with a fair allocalion of management and support costs. Unrestricted Funds Unrestricted funds are donations and other income received or generated for the objects of the organisation withoLrt further specified purposes and is available for general funds. US5 Designated Funds Designated funds are unrestricted funds earmarked by the Managem8nt Committee for particular purposes. y.6 Resources Expended Direct charilable expenditure includes all expenditure incurred by Redeemed Christian Church of God Solulion Assembly in direct pursuit of ils charitable objectives. Management and administration expenditure includes all costs not directly related to the charitable activities and which cannot be allocated to direct charitable expenditure. 1.7 Tangible fixed assets Depreciation is calculated to write off the cost of fixed assets over their estimated uséful lives. The charity has a register of assets. Creditors: Amount falling due within one year 2025 2024 Accountancy Fees / Bookkeeping 900 Scanned wlth CamScanner-: C5