**REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements**
## **Legal and administrative information**
## **Status**
Registered charitable organisation since 14 January 2013
## **Trustees and Management committee**
**Parish Pastor** : Pastor Samuel Oluwafemi Odewunmi
## **Trustees:**
Mr Emmanuel Abayomi (Chairman) Mr Olagoke Faromika (Member) Mrs Ngozi Afebu (Secretary)
## **Registered charity number**
## **1150483**
Contact address & Charity Operations Wonford Community & Learning Centre address Wonford Community Hall Wonford District Centre Burnthouse Lane EXETER EX2 6NF email: info@rccgexeter.org
email
Bankers HSBC Bank Accountants AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA
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**REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements**
## **Trustees Report for the year ended 31 December 2024**
The trustees present its report and financial statement for the period.
## **Background to Church’s Activities in 2024**
As a registered charity and religious organisation in the UK, our mission is to spread the love of Christ through both words and actions, starting within our immediate community and extending to the world. In 2024, **RCCG Glory of God Parish, Exeter** , has been actively engaged in weekly, monthly, and annual activities aimed at bringing people together from diverse backgrounds, cultures, and ethnicities, with a particular focus on underrepresented communities.
Our **weekly Sunday services** are held at the Wonford Community and Learning Centre, Exeter (EX2 6NF), alongside **midweek Bible study and prayer meetings** every Wednesday. Additionally, on the first Sunday of each month, we provide essential welfare items such as clothing and groceries, which are available to both church members and the public in need.
As part of our outreach efforts, we conducted **monthly evangelism** throughout Exeter, distributing Christian literature and sharing messages of God’s love, peace, joy, and hope. Also, the church was also able to vote a significant percentage of her income to world missionary agency to aid the spread of the gospel of our Lord and Saviour Jesus Christ.
## **Growth and Workforce**
In 2024, the church experienced **notable growth** , reaching a congregation of approximately **150 members** , with an **average weekly attendance of about 80 people** . In addition to our dedicated volunteers, the church employed a **full-time minister of religion** on a monthly salary, assisting the parish pastor in ensuring the smooth operation of the church and its activities.
As part of our commitment to **charitable giving** , we provide financial assistance to those in need, in alignment with the church’s mission to alleviate poverty. We also offer **light refreshments, including tea and coffee** , after Sunday services, welcoming both parishioners and members of the local community.
## **Community Engagement and Educational Initiatives**
Beyond spiritual activities, RCCG Glory of God Parish, Exeter, has organised **various educational and community support initiatives** , including:
**-Health and well-being talks** , featuring expert insights from healthcare professionals, licensed psychologists, medical doctors, nurses, and pharmacists.
**-Career development sessions** , leveraging the expertise of accountants, entrepreneurs, and academics within the church.
Additionally, our **annual church anniversary celebration in October** brought together worshippers and ministers from other churches in Exeter for a night of worship, fellowship, and thanksgiving. During this event, the church provided hospitality and honorariums to guest ministers and refreshments for attendees.
## **Infrastructure and Logistics**
In 2024, the church made a significant investment in transportation by acquiring a **church bus** at a total cost of approximately **£8,000** , covering purchase, insurance, and road tax. Monthly fuel expenses for the bus average around **£80** , enabling us to facilitate transportation for church members.
A **major milestone** was achieved in the pursuit of a **permanent place of worship** . The church successfully won a bid to acquire **Providence Court, 37 Northernhay Street, Exeter (EX4 3ER)** . Since securing this bid, an estimated **£13,000** has been spent toward the acquisition process, covering: Property valuation fees, Legal representation, Noise integrity survey, Change of use application fees and Structural survey.
We anticipate the completion of this acquisition soon, marking a significant step towards securing a dedicated worship centre.
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## **REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements**
## **Trustees Report for the year ended 31 December 2024 continued…**
## **Charitable Giving and Festive Contributions**
In December 2024, the church organised a special Christmas event, distributing **gifts to all children** within the congregation as a gesture of love and celebration.
Support was also provided to church members who lost loved ones, helping with funeral arrangements, while gifts were given to those who got married in the church.
## **Financial Overview**
According to the **audited financial statement** attached to this report, the church has demonstrated **substantial growth** in income generation compared to 2023. This improvement is attributed to: The faithfulness of our parishioners in giving towards God’s work. **Gift Aid contributions** from HMRC.
**Prudent financial management** by the Board of Trustees.
## **Future Goals and Strategic Plans**
To build upon the growth achieved in 2024, **RCCG Glory of God Parish, Exeter** , has set the following goals: **Finalising the acquisition of our permanent place of worship** , allowing for unrestricted attendance and eliminating the need to pack and unpack equipment after each service.
The permanent place of worship also has the potential to generate income for the church through office rentals and hall hire, given its strategic location.
**Expanding evangelistic outreach within the Exeter community** , with various strategies currently under discussion.
**Exploring the establishment of a new branch** in a nearby location, with a minister from the church being sent to lead as a parish pastor.
With gratitude to God and the unwavering commitment of our members, **we look forward to a fruitful and impactful 2025** , as we continue to serve our community and spread the Gospel of Jesus Christ.
Name of Trustees of the Church and Parish Pastor **Parish Pastor** :
Pastor Samuel Oluwafemi Odewunmi
## **Trustees**
Mr Olagoke Faromika (Member) Mr Emmanuel Abayomi (Chairman) Mrs Ngozi Afebu (Secretary)
## **Responsibilities and basis of preparation of the report**
The trustees who are also the management committee of the charity are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and 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.
Signed on behalf of the Board of Trustees
………………………………. Date ……………………………….
Mrs Ngozi Afebu Secretary
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## **REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements Independent Examiner's report to the Trustees Year Ended 31 December 2024**
I report to the trustees on my examination of the accounts of the above charity for the above period.
## **Responsibilities and basis of report:**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement:**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
* the accounting records were not kept in accordance with section 130 of the Charities Act; or
* the accounts did not accord with the accounting records; or
* the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
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.
Alhassan Bangura FCCA
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA
Date.....................................................
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## **REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements**
## **Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 December 2024**
|Notes
**Incoming resources:**
Voluntary income
Gift aid claims receipt
Bank Interest Received
Total Incoming resources
**Resources expended**
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Total resources expended
Net surplus/ (deficit) for the year
Opening funds
Closing funds|General
Funds
£
114,653
17,393
3,532
135,578
75,891
75,891
59,687
178,907
238,594|**Total**
**Funds**
**2024**
**£**
**114,653**
**17,393**
**3,532**
**135,578**
**75,891**
**75,891**
**59,687**
**178,907**
**238,594**|Total
Funds
2023
£
73,162
15,242
1,989
90,393
37,671
37,671
52,722
126,185
178,907|
|---|---|---|---|
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## **REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements Balance Sheet as at 31 December 2024**
|**Fixed assets**
**Property Investment**
**Furniture & Equipment**
**Motor Vehicle**
**Net current assets**
Cash at Bank and in Hand
Current liabilities
**Net Assets**
REPRESENTED BY:
Charity Funds
Signed on behalf of the Board of|Notes
**2**
**2**
3
Trustees|**£**
**7,289**
**5,494**
**5,127**
**223,365**
**223,365**
**(2,681)**
**2024**|**£**
**17,910**
**220,684**
**238,594**
**238,594**
**238,594**||
|---|---|---|---|---|
………………………………. Date ………………………………. Mrs Ngozi Afebu Secretary
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**REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements Notes forming part of the financial statements for the year ended 31 December 2024**
## **1. Accounting policies**
a) The accounts (financial statements) have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by 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 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
b) Voluntary income is received by the way of donations towards religious commitments by worshippers. Donations received is included in full in the Statement of Financial Activities in the year in which they are received. Nursery Equipment 20%
c) Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
d) Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life as follows:
- Furniture & Equipment 20%
- Motor Vehicle 20%
e) Unrestricted funds are donations and other incoming resources received for the objects of the charity without further specified purpose and are available as general funds.
## **2.**
|**Tangible Fixed Assets**
Furniture
& Equipment
£
Cost:
As at 1 January 2024
10,120
Addition
2,408
As at 31 December 2024
12,528
Depreciation:
As at 1 January 2024
5,660
Charge
1,374
As at 31 December 2024
7,034
Net Book Value:
**As at 31 December 2024**
**5,494**
As at 1 January 2024
4,460|Motor
Vehicle
£
-
6,410
6,410
-
1,282
1,283
**5,127**
-|**Total**
**£**
10,120
8,818|
|---|---|---|
|||18,938|
|||5,660
2,656|
|||8,317|
|||**10,621**|
|||4,460|
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## **REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements Notes forming part of the financial statements for the year ended 31 December 2024**
|**3.**
**Current Liabilities**
Accruals
Inland Revenue -PAYE/NI
**4.**
**Total Resources Expended**
Central Office Fund
Donations, Welfare & Honorarium
Conferences, Events & Outreach Cost
Training & Development
Salaries & Pension cost
Rent & Hall Hire
Telephone & Internet
Travelling & Motor Expenses
Bank Charges & Interest
Insurances
Subscriptions & Licences
Legal & Professional Fees
Accountancy Fees
Depreciation
Total|**2024**
**£**
690
1,991
2,681
**2024**
**Total**
**£**
**8,970**
**14,031**
**13,650**
**-**
**23,241**
**8,397**
**421**
**1,755**
**106**
**-**
**238**
**1,515**
**911**
**2,656**
**75,891**|2023
£
570
-
570
2023
Total
£
7,613
10,078
10,603
1,200
-
5,698
252
-
99
220
223
-
570
1,115
37,671|
|---|---|---|
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**Registered Charity No: 1150483**
## REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER
Reports and Financial Statements Year ended: 31 December 2024
AL Accounting Solutions Limited Chartered Certified Accountants 21A Brighton Road South Croydon, Surrey CR2 6EA
## **REDEEMED CHRISTIAN CHURCH OF GOD GLORY OF GOD PARISH EXETER Reports and Financial Statements Contents**
|Page No||
|---|---|
|1|Legal & Administrative Information|
|2-3|Trustee's Report|
|4|Independent Examiner's Report|
|5|Statement of Financial Activities|
|6|Balance Sheet|
|7-8|Notes forming part of the financial statements|