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← Rhema UK & Ireland

2024-12-31-accounts

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Rhema UK & Ireland

(A company limited by guarantee) Charity registration number: 1150046 Company registration number: 08106501

Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG

RHEMA UK & IRELAND

CONTENTS

Reference and Administrative Details 1
Trustees' Report 2 to 6
Independent Examiner's Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 to 17

RHEMA UK & IRELAND

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees Kevin Hugh Fletcher Joel Taller Alan Morton John Grunewald Tobias Avery Deborah Eyitayo Charity Registration 1150046 Number Company Registration 08106501 Number The charity is incorporated in England. Registered Office 2 Broadbridge Business Centre Delling Lane Bosham PO18 8NF Independent Examiner G W Schulz FCMA Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG Bankers Barclays Leicester LE87 2BB

Page 1

RHEMA UK & IRELAND

TRUSTEES' REPORT

The Trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2024.

Structure, governance and management

Nature of governing document

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association on 14/6/2012.

Recruitment and appointment of Trustees

The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.

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.

Objectives and activities

Policies and objectives

Rhema UK & Ireland's charitable purposes as set out in the company's Memorandum and Articles of Association are to:

• Advance the Christian faith in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.

• Relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods, or services of any kind, including through the provision of counseling and support in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.

• Advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may think fit.

These objects are being accomplished in two main areas:

• Training - Through Bible Colleges, Training Conferences and providing Christian

• teaching material, individuals are trained in foundational Christian doctrines as well as receiving specific training for Christian ministry.

• Churches - Through supporting the planting of local churches, assisting other churches and Christian ministries through networking for mutual support, strengthening and mentoring. We specifically partner with Dynamic Church Planting International to provide training in church planting principles.

Public benefit

The Trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Page 2

RHEMA UK & IRELAND

TRUSTEES' REPORT

Activities for achieving objectives

The main activities in relation to the above objectives are:

  1. The operation of Rhema Bible Colleges in the following locations:

  2. a. London England

  3. b. Manchester England

All campuses were operated as online schools during 2023. Online classes are provided every three weeks with a short break during the summer. The programme takes three years to complete with students receiving Diplomas after completion.

Since 2011 Rhema Bible College in the United Kingdom has awarded 195 Certificates of Completion and 210 Diplomas. Over fifteen graduates are currently pastoring churches while many others are serving in important staff and/or leadership positions in their local churches as well as being an influential Christian witness in their communities and through marketplace ministry. Because service is an important part of the ethos of Rhema UK & Ireland most students, upon completion of their studies, are very faithful to support their local churches and other Christian ministries through service and outreach programmes in the United Kingdom and around the world.

At the end of 2024 we had 84 students enrolled to study in our programme.

During 2024 we started planning for a return to an in-person offering for Rhema Bible College in 2025.

  1. Partnering with DCPI (Dynamic Church Planting International) to provide church planting training in the UK and Ireland. RUKI began a partnership with DCPI in April 2012. Since that time RUKI has offered training at different locations in the United Kingdom and other locations around the world. These are provided free of charge.

During 2022 leadership for the DCPI partnership was handed over to Alan (trustee) and Claire Morton who certified as DCPI Master Trainers in April 2023. In 2024 Alan and Claire, along with their developing team, delivered 6 church planting courses (UK, Latvia and India), training 430 leaders, mentored 21 church planting pastors and worked on numerous church plants. 6 new DCPI trainers were also certified to help develop more training and mentoring capacity. The expectation is that we will certify more trainers in 2025.

RUKI partnered with DCPI and GoChurch Manchester to fund and deliver the Vision Summit. The DCPI World Zone leaders for Europe spoke and inspired the attendees.

  1. Rhema UK & Ireland began hosting Rhema and Friends events in 2011. These events exist for the purpose of joining together Rhema Bible College alumni, students, and those interested in the mission of Rhema UK & Ireland for Biblical exhortation, prayer, fellowship, mutual encouragement, and networking.

Page 3

RHEMA UK & IRELAND

TRUSTEES' REPORT

These events have now evolved into “Ignite” Events and are held 2 or 3 times per year in the Northwest and South part of England as well as Ireland. They continue to be successful, while the numbers are not as high as we might want, they have been consistent, and the feedback has been very positive. The connections made at these events have also been very positive in terms of building relationships to support the growth of RHEMA UK & Ireland and the recruitment of students.

In 2023 “Ignite” Events expanded into Ireland and now align to the English schedule of one being held in the spring and one in the late autumn each year. The Irish events have been hosted by Island Church in Dundalk and have been a great success, bringing together Rhema family and new friends hungry for the preaching of the word of God and the move of the Holy Spirit.

These events will continue in 2025 where we will continue to develop our relationships with GoChurch, Faith Life, Reigate Baptist Church and Island Church who have supported us by hosting these events.

Achievements and performance

The year 2024, continued to be a time of building team that would enable us to move forward robustly.

We appointed Debbie Eyitayo as a trustee during 2023. In 2024 she led in the development of a live Zoom Prayer School to support our curriculum, this has been a very successful project with the plan for Debbie to hand this over to leaders she has trained up in 2025.

The leadership team has generally worked well enabling greater focus in key areas. The biggest challenge is gaining some real progress on intentional student recruitment. Good ideas have been developed but implementation has lacked the appropriate capacity.

A number of our team members attended a Europe wide team meeting in Austria in November 2024. This was a great time to come together and grow as a team (which is hard when we work virtually much of the time), to connect with the wider RHEMA vision, to build relationships across Europe and to learn.

During 2024 we had a breakthrough in terms of growing our teams. We were able to start recruiting unpaid team members to support several functions from basic administration to podcast administration to running our new prayer school. This is a significant step forward which we intend to build on in 2025. All staff and leadership are continuing to work in a hybrid manner with some meetings through Zoom and others in person. While the Directors are based in the south of England the administrative team is in Northern Ireland and members of the leadership team and other teams are from around the UK.

A number of team members including Toby, Michele, Alan and Claire supported other RHEMA Bible Colleges around the world through teaching classes either remotely or in-person.

The financial position of RUKI remains strong.

Page 4

RHEMA UK & IRELAND

TRUSTEES' REPORT

Financial review

Income for the year amounted to £58,526 (2023: £71,801) and expenditure £86,967 (2023: £83,149). The deficit was added to funds brought forward, with general funds being £41,725 at the year end.

Policy on reserves

The trustees have determined that, in line with their belief that God provides for the work to which He calls His people, no reserves should be maintained for the work of the charity.

Plans for future periods

We had hoped to launch a new Flexible Learning Programe (FLP) in 2024 but we didn’t have the capacity to get this off the ground. However, the majority of the design and preparation work has been completed and we intend to recruit students and launch in 2025. FLP will allow us to start delivering some in-person classes again which will add value to the students.

We expect to hold Ignite events in both the North West, South of England and in Ireland in the spring and late Autumn 2025.

We expect to certify a number of DCPI trainers, host another vision summit and run several DCPI trainings throughout the year.

We plan to take some of the team to the RHEMA Europe Team Meetings again in November 2025, they will be hosted in Greece this time. While this is a significant investment the team building benefits resulting from the 2024 experience make it worth while. On top of this we intend to take our Head of Operations to RHEMA USA for Winter Bible Seminar and International RHEMA Team Meetings (this is a requirement for the directors to attend each year). This will be a positive growth opportunity for her and again will strengthen the team.

In 2025 our directors intend to visit the RHEMA Europe HQ in Germany to spend time building relationships, praying and strategizing for the future.

From a student recruitment perspective we intend to have tables at a number of conferences in 2025 to promote RHEMA, we will be preparing digital and physical content for people to share in their churches and asking our alumni to take a greater place in promoting RBC.

We plan to hold our first vision night in the summer of 2025 to share what we are doing now and our aims for the future. We are hoping to use this event to better engage students and alumni in RHEMA UK & Ireland.

Page 5

RHEMA UK & IRELAND

TRUSTEES' REPORT

Statement of Responsibilities

The Trustees (who are also the directors of Rhema UK & Ireland for the purposes of company law) 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), including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including its income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that can disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Small companies provision statement

This report has been prepared in accordance with the small companies regime under the Companies Act 2006.

Approved by the Trustees of the charity on 24 September 2025 and signed on its behalf by:

......................................... Tobias Avery Trustee

Page 6

RHEMA UK & IRELAND

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RHEMA UK & IRELAND

I report to the charity Trustees on my examination of the accounts of Rhema UK & Ireland for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity’s Trustees of Rhema UK & Ireland (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of Rhema UK & Ireland are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of Rhema UK & Ireland as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other 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.

...................................... G W Schulz FCMA

Independent Examiners Ltd The Grain Store Hills Barns Appledram Lane South Chichester PO20 7EG

24 September 2025

Page 7

RHEMA UK & IRELAND

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Note
Unrestricted
funds
£
Income and Endowments from:
Donations and legacies
3
17,933
Charitable activities
4
40,593
Total income
58,526
Expenditure on:
Charitable activities
5
86,967
Total expenditure
86,967
Net expenditure
(28,441)
Net movement in funds
(28,441)
Reconciliation of funds
Total funds brought forward
70,166
Total funds carried forward
13
41,725		 Total
2024
£
17,933
40,593
58,526
86,967
86,967
(28,441)
(28,441)
70,166
41,725		 Total
2023
£
28,744
43,057
71,801
83,149
83,149
(11,348)
(11,348)
81,740
70,392

The notes on pages 10 to 17 form an integral part of these financial statements. Page 8

RHEMA UK & IRELAND

REGISTERED NUMBER: 08106501 BALANCE SHEET AS AT 31 DECEMBER 2024

Note
Fixed assets
Tangible assets
9
Current assets
Debtors
10
Cash at bank and in hand
Creditors: Amounts falling due within one year
11
Net current assets
Net assets
Funds of the charity:
Unrestricted income funds
Unrestricted funds
Total funds
13		 2024
£
-
-
7,099
35,920
43,019
(1,294)
41,725
41,725
41,725
41,725		 2023
£
1,198
1,198
4,956
65,520
70,476
(1,282)
69,194
70,392
70,392
70,392

For the financial year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The financial statements on pages 8 to 17 were approved by the Trustees, and authorised for issue on 24 September 2025 and signed on their behalf by:

......................................... Tobias Avery Trustee

The notes on pages 10 to 17 form an integral part of these financial statements. Page 9

RHEMA UK & IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

1 Charity status

The charity is limited by guarantee, incorporated in England, and consequently does not have share capital. Each of the Trustees is liable to contribute an amount not exceeding £1 towards the assets of the charity in the event of liquidation.

2 Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Basis of preparation

Rhema UK & Ireland meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

Income and endowments

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably.

Donations and legacies

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.

Page 10

RHEMA UK & IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Gift aid

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

Investment income

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the company; this is normally upon notification of the interest paid or payable by the Bank.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Grant expenditure

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Page 11

RHEMA UK & IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Tangible fixed assets

Individual fixed assets costing £500.00 or more are initially recorded at cost.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate
Sound equipment 25% on cost
Fixtures and fittings 25% on cost
Computer equipment 33% on cost

Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Liabilities

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the company anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

Page 12

RHEMA UK & IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Pensions and other post retirement obligations

The charity operates a defined contribution pension scheme which is a pension plan under which fixed contributions are paid into a pension fund and the charity has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised in the Statement of Financial Activities when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

3 Income from donations and legacies

Donations and legacies;
Donations		 Unrestricted
funds
General
£
17,933
17,933		 Total
2024
£
17,933
17,933		 Total
2023
£
28,744
28,744

4 Income from charitable activities

Unrestricted
funds
General
£
Tuition fees
40,593		 Total
2024
£
40,593		 Total
2023
£
43,057

Page 13

RHEMA UK & IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

5 Expenditure on charitable activities

Note
Premises costs
Events
Hospitality
Textbooks
Equipment
Travel and accommodation
Advertising
Printing, stationery and software
Telephone and internet
Insurance
Legal & professional
Training
Bank charges
Sundry expenses
Independent examination
Depreciation
Grant funding of activities
6
Staff costs
8		 Unrestricted
funds
General
£
197
2,809
235
61
1,790
15,676
3,397
5,930
586
1,274
-
1,193
297
231
1,020
1,198
5,123
45,950
86,967		 Total
2024
£
197
2,809
235
61
1,790
15,676
3,397
5,930
586
1,274
-
1,193
297
231
1,020
1,198
5,123
45,950
86,967		 Total
2023
£
1,801
2,716
4,104
-
330
7,289
4,856
6,254
473
1,208
657
-
360
326
1,044
1,200
14,956
35,575
83,149

Page 14

RHEMA UK & IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

6 Grant-making

Analysis of grants

Grants Grants to institutions
2024
£
2023
£
2,604
13,376		 Grants to individuals
2024
£
2023
£
2,519
1,580

7 Trustees remuneration and related party transactions

No Trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

The only other payments made to the Trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.

The wife of one Trustee received an honorarium amounting to £500 (2023 - £Nil).

8 Staff costs

The aggregate payroll costs were as follows:

Staff costs during the year were:
Wages and salaries
Pension costs		 2024
£
44,059
1,891
45,950		 2023
£
33,899
1,676
35,575

The monthly average number of persons (including senior management / leadership team) employed by the charity during the year expressed as full time equivalents was as follows:

2024 2023
No No
Staff 2 2

No employee received emoluments of more than £60,000 during the year.

Page 15

RHEMA UK & IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

9 Tangible fixed assets

Furniture
and
equipment
£
Computer
equipment
£
Cost
At 1 January 2024
2,826
5,898
At 31 December 2024
2,826
5,898
Depreciation
At 1 January 2024
2,826
4,700
Charge for the year
-
1,198
At 31 December 2024
2,826
5,898
Net book value
At 31 December 2024
-
-
At 31 December 2023
-
1,198
10 Debtors
Other debtors
11 Creditors: amounts falling due within one year
Other creditors
Accruals		 Computer
equipment
£
5,898		 Sound
equipment
£
3,777		 Total
£
12,501
12,501
11,303
1,198
12,501
-
1,198
2023
£
4,956
5,898 3,777
4,700
1,198		 3,777
-
5,898 3,777
- -
1,198 -
2024
£
7,099
2024
£
384
910
1,294
2023
£
348
934
1,282

12 Pension and other schemes

Defined contribution pension scheme

The charity operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the charity to the scheme and amounted to - £1,891 (2023 £1,676).

Contributions totalling £384 (2023 - £348) were payable to the scheme at the end of the year and are included in creditors.

Page 16

RHEMA UK & IRELAND

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

13 Funds

13 Funds
Unrestricted funds
General
General Fund
Unrestricted funds
General
General Fund		 Balance at
1 January
2024
£
70,166
Balance at
1 January
2023
£
81,740		 Incoming
resources
£
58,526
Incoming
resources
£
71,801		 Resources
expended
£
(86,967)
Resources
expended
£
(83,149)		 Balance at
31
December
2024
£
41,725
Balance at
31
December
2023
£
70,392

14 Analysis of net assets between funds

Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets		 Unrestricted
funds
General
£
43,019
(1,294)
41,725
Unrestricted
funds
General
£
1,198
70,476
(1,282)
70,392		 Total funds
at 31
December
2024
£
43,019
(1,294)
41,725
Total funds
at 31
December
2023
£
1,198
70,476
(1,282)
70,392

Page 17