THE REDEEMED CHRISTIAN CHURCH OF GOD HIS MAJESTY SANCTUARY PARISH OLDHAM
YEAR ENDED: 31 DECEMBER 2024
CHARITY NO. 1151064
Contents
| Legal and Adminstrative Information | 1 |
|---|---|
| Report of the Trustees | 2-5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes forming part of the financial statements | 9-12 |
| The following page does not form part of the Statutory Accounts | |
| Income and Expenditure Account | 13 |
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham
Reference and Administrative information
| Charity Name: | The Redeemed Christian Church of God (RCCG) His Majesty | The Redeemed Christian Church of God (RCCG) His Majesty |
|---|---|---|
| Sanctuary Parish Oldham | ||
| Charity Registered Number: | 1151064 | |
| Principal Address | 42 Woodstock Road | |
| Moston | ||
| Manchester | ||
| M40 0DX | ||
| Trustees | Pastor Isaac Aleshinloye | (Chairman) |
| Pastor Nathaniel Ogundipe | ||
| Mr Olayinka Fabode | ||
| Pastor Sam Okodoa | ||
| Mrs Temitope Olusanya | ||
| Accountants: | PVG Accounting Services & Consultancy Ltd | |
| 344 Moston Lane | ||
| Manchester | ||
| M40 9JS | ||
| Bankers | Santander Bank | |
| Unit 32 | ||
| The Spindles | ||
| Oldham | ||
| OL1 1HE |
Page 1
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham Report of the Trustees for the year ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' effective 1 January 2015.
Structure, Governance and Management
Governing Document
The organisation was registered as a charity on the 4th March 2013 and it is governed by a trust deed dated 27th December 2012
Recruitment and appointment of new trustees
Generally trustees are appointed by Board of Trustees. Trustees are appointed by invitation as at when required and depending on their expertise and requirements of the charity. There are no new trustees appointed during the period.
Induction and training of new trustees
The charity arranges appropriate training both internally and through other voluntary training providers. The trustees and all involved in running the charity, including volunteers are always encouraged to acquire the necessary skills required for the achievement of the charity objectives.
Additionally, new trustees are invited and encouraged to attend series of short training sessions to familiarise themselves with the charity and the context within which it operates.
Organisational structure
The trustees who served during the period and up to the date of the report are set out above. The day to day responsibility for the running of the charity lies with the Senior Pastor. The Senior Pastor is accountable to the Board of Trustees who are ultimately responsible for all strategic decisions of the charity.
The trustees meet regularly and are responsible for the strategic direction and policy of the charity. All trustees and the senior pastor give their time voluntarily. No full time employee is engaged in the administration of the charity. The charity is assisted by members who render voluntary services to the charity.
Risk Management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and are satisfied that the systems are in place to mitigate exposure to the major risks.
Objectives and Principal Activities
The charity's objectives and principal activity is to promote the advancement of the christian faith, the relief of poverty and promotion and fulfilment of various charitable causes within the local community and such other parts of the United Kingdom and the world as the trustees think fit.
Page 2
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham Report of the Trustees for the year ended 31 December 2024
Mission statement
-
a) To make heaven
-
b) To take as many people as possible with us
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c) To have a member of The Redeemed Christian Church of God in every family of all nations
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d) To make heaven holiness will be our lifestyle
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e) To accomplish 2 and 3 above we will plant churches within five minutes walking distance in every city and town
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of developing countries and within five minutes driving distance in every city and town of developed countries
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We will pursue these objectives until every nation in the world is reached for Jesus Christ our Lord.
Ensuring Our Work Delivers Our Aims
We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim , objectives and activities remained focused on our stated purposes. We have referred to the guidiance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
The Focus of Our Work
Our main objectives for the year continued to be the advancement of the Christian religion and the relieve of poverty and sickness. The policy of the Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham is to pursue objectives in the following ways:
-
Provision of Weekly Church Services on Wednesdays and Sunday to minister to the physical, spiritual and material needs of the congregants.
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Provision of Services to individuals, families and community at large. The service includes a wide range of spiritual and social care.
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Focusing on the Material needs of certain members undergoing difficult financial situations.
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Working with other Christian agencies and Churches in Manchester to advance the preaching of the Gospel.
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Offering training consultation and information services to members
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Sponsoring projects oversees (Mission and Outreach Work) where we have opportunity to do this effectively and where the project can be managed locally, such sponsorship can include funding, advice and training, assistance with raising finance and making contacts.
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Gathering documents and communicating information within our particular field of expertise for three main purposes:
-
striving to ensure that poverty is eliminated through education and financial help to establish businesses. In relation to this
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offering our services to anyone in need of spiritual help through free Christian counselling, prayers and deliverance solely on the basis of our ability to provide appropriate help and regardless of race, colour, nationality, religion, gender, age, legal status and personal history.
Page 3
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham Report of the Trustees for the year ended 31 December 2024
Development and Achievements in the Period
The charity's events were properly managed, executed and reviewed for its impact on members. Our charity continues to grow in Sunday morning attendance, youth and children's ministry. We minister to the physical, mental and spiritual needs of our members and new comers in our midst. We have helped relief poverty and hardship amongst both and irregular congregants who are suffering from financial hardship due to unemployment and lack of financial resources.
Financial Review
Our charity was able to raise a total income of £44,546 during the year under review. This is a massive increase of 47% above the previous year's revenue.
Principal Funding Sources
The principal funding sources for the charity are currently by way of Donations and Gifts from congregants through the offering basket passed during Church services and through bank standing orders etc.
Investment Policy
The Charity retains a significant amount in the savings account. The objective of the investment policy is to invest in cash at banks where the capital is protected. The charity currently has a policy of keeping any surplus liquid funds in cash at banks where immediate access and security of funds is guaranteed
Reserves Policy
It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity at a level which equates to at least 3 months of unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergencies which may arise from time to time.
The expenditure for 2024 was £14,101 and therefore the targeted reserves should be between £3,525.25 and £7050.50 in general funds. The reserves are needed to meet the working capital requirements of the charity and the trustees are confident that at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding. The charity was able to meet the targeted reserves during the year under review.
Plans for Future Periods
In the near future, the charity plans to expand its operations and will continue our drive towards providing more benefits to our community The Charity plans continuing the activities outlined above in forthcoming years subject to satisfactory funding arrangements.
As at the time of this report, the charity has acquired its own place of worship and necessary arrangements are being made to engage the local community through the introduction of charitable programmes which will be directed towards provision of services which will engage them through preaching of the gospel.
Page 4
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham Report of the Trustees for the year ended 31 December 2024
Trustees ' Responsibilities
Charity Law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable trust as at the balance sheet date and of its incoming resources and applications of resources, including income and expenditure, for the financial year. In preparing those financial statements the Trustees should follow best practice and
Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent
Prepare the financial statements on going concern basis unless it is inappropriate to presume that the charity will continue in operation
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statement comply with the Charities Act 2011. They are also responsible for the safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of Disclosure of Information to the Accountants
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information'.
This report has been prepared
By order of trustees:
Pastor Isaac Aleshinloye Chairman
26th August, 2025
Page 5
Independent Examiner's Report to the Trustees of the Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham for the year ended 31 December 2024
As described on pages 2 to 5, the Trustees are responsible for the preparation of the accounts, and they consider that an audit is not required for this year (under section 144(1) of the Charities Act 2011 (The 2011 Act) and that an independent examination is needed. It is my responsibilty to:
examine the accounts (under section 145(1) of the Charity Act 2011;
follow the procedures laid down in the general Directions given by the Charity Commissioners under section 132 of the Charity Act 2011; and
state whether particular matters have come to my attention
Basis of Independent examiners statement
Our examination was carried out in accordance with general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair" view and the report is limited to those matters set out in the statement below:
Independent examiners statement
In connection with my examination, no matter has come to my attention:
- (1) which gives us reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Charities Act 2011; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities, have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
PVG Accounting Services & Consultancy Ltd 344 Moston Lane Manchester M40 9JS
Page 6
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 December 2024
| Notes Incoming resources Incoming resources from generated funds: Voluntary Income: Donations and Offerings 1 Gift Aid Tax Reclaim Building Fund Sundry Income Activities for generating funds: Investment Income Incoming resources from charitable activities: Grants & Contracts Total incoming resources Resources expended Cost of generating funds Costs of generating voluntary income 2 Fundraising trading: cost of goods sold Charity activities 3 Governance Costs 4 Total resources expended Net Incoming resources before other recognised gains Net movement in funds Reconciliation of Funds Total funds brought forward Total funds carried forward |
2024 2024 2024 2023 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ 36,869 - 36,869 24,466 - - - 7,344 7,344 5,712 333 333 215 - - - - - - - - |
|---|---|
| 44,546 - 44,546 30,393 |
|
| 7,969 - 7,969 8,024 - - - 5,782 - 5,782 7,487 350 - 350 300 |
|
| 14,101 - 14,101 15,811 |
|
| 30,445 - 30,445 14582 |
|
| 30,445 - 30,445 14582 122,527 122,527 107,945 |
|
| 152,972 - 152,972 122,527 |
The statement of financial activities includes all gains and losses in the year. All incoming resourcesand resources expended derive from continuing activities.
The notes on Pages 9 to 12 form part of these Accounts.
Page 7
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham Balance Sheet as at 31 December 2024
| Notes Fixed assets Tangible assets 8 Currents assets Cash at bank and in hand Creditors: amounts falling due 10 within one year Total Assets less Current Liability Net Assets Unrestricted funds General funds 12 Total funds |
2024 £ 29,734 123,588 (350) 152,972 152,972 152,972 152,972 |
2023 £ 29,241 93,586 (300) |
|---|---|---|
| 122,527 | ||
| 122,527 | ||
| 122,527 | ||
| 107,945 |
Approved by the Board of Trustees on the 26th August, 2025 and signed on its behalf by:
Pastor Isaac Aleshinloye Chairman
The notes on pages 9 to 12 form part of these financial statements.
Page 8
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham Notes forming part of the financial statements for the year ended 31 December 2024
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
(a) Basis of Accounting
The financial statements have been prepared under the historical cost convention, as modified by the inclusion of fixed assets investments at market value, and in accordance with the Companies Act 2006 and the Statement of recommended Practice: Accounting and Reporting by Charities effective January 2015.
(b) Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furthermore of the general objectives of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c ) Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income andthe amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receiveable. Grants, where entitlement is not conditional on the delivery of a specific performance by thecharity , are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
Invested income is included when receivable.
Incoming resources from charitable trading activity are accounted for when earned.
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
(d) Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Page 9
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham Notes forming part of the financial statements for the year ended 31 December 2024
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.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estmated usage as set out in Note 4.
1. Donations
| 1. Donations | |
|---|---|
| Donations -Tithes and Offering Gift Aid Tax Reclaim Building Fund Grant Sundry Income |
Unrestricted Restricted 2024 2023 Total Total £ £ £ £ 36,869 - 36,869 24,466 - - - 7,344 7,344 5,712 - - - - 333 - 333 215 |
| 44,546 - 44,546 30,393 |
Total Resources Expended
2. Costs of Generating Voluntary Income
| Basis of Allocation Staff Costs Direct Bank Charges Direct Administration Direct Professional Fees Direct Support Costs Direct Premises Direct 3. Charitable Activities Ministry Direct 4. Governance Cost Professional Fees Direct Total Resources Expended |
Church WoSupport Cost Governance 2,023 2,022 £ £ £ £ £ - - - - 3,600 - 102 - 102 102 - 709 - 709 70 - 734 - 734 395 - 4,800 - 4,800 1,621 - 1,624 - 1,624 2,236 |
|---|---|
| - 7,969 - 7,969 8,024 |
|
| 5,782 - - 5,782 7,487 |
|
| 5,782 - - 5,782 7,487 |
|
| - - 350 350 300 |
|
| - - 350 350 300 |
|
| ~~5,782~~ ~~7,969~~ ~~350~~ ~~14,101~~ ~~15,811~~ |
Page 10
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham Notes forming part of the financial statements for the year ended 31 December 2024
5. Net Incoming Resources for the Year
This is stated after charging:
| Accountant's Remuneration | 2024 £ 350 350 |
2023 £ 300 |
|---|---|---|
| 300 |
6. Trustee Remuneration & Related Pay Transactions
No member of the Board of Trustee member received any remuneration during the period
7. Taxation
As a charity, Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham is exempt from tax on income and gains falling within section 505 of the Taxes Act1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the Charity.
8. Tangible Fixed Assets
Fixed assets (excluding investments and Land and Building) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £500 are not capitalised. Depreciation is provided at rates calculated to write of the cost of each asset over its expected useful life, which in all cases is estimated at 4 years.
Depreciation of Building is calculated to write off its cost over 50 years on a straight line basis.
| Cost At 1 Jan 2024 Additions in year At 31 Dec 2024 Depreciation At 1 Jan 2024 Charge for the year At 1 Dec 2024 Net Book Value At 1 December 2024 Net Book Value At 1 December 2023 |
Musical Equipment £ 6,589 2,350 8,939 6,009 1,167 7,176 1,764 580 |
Freehold Property £ 34,544 - 34,544 5,883 691 6,574 27,970 28,661 |
2024 Total £ 41,133 2,350 |
|---|---|---|---|
| 43,483 | |||
| 11,892 1,857 |
|||
| 13,749 | |||
| 29,734 | |||
| 29,241 |
Page 11
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham Notes forming part of the financial statements for the year ended 31 December 2024
10. Creditors: Amounts falling due within one year
| 10. Creditors: Amounts falling due within one year | ||
|---|---|---|
| Accruals | 2024 £ 350 350 |
2023 £ 300 |
| 300 |
12. Analysis of Net Assets Between Funds
| 12. Analysis of Net Assets Between Funds | |
|---|---|
| General Designated Restricted Total Funds Funds Funds Funds £ £ £ £ |
|
| Tangible Fixed Assets Investments |
29,734 - 29,734 - - - - |
| Current Assets | 123,588 - - 123,588 |
| Total Liabilities Net Assets at 31 December 2024 |
(350) - - (350) |
| 152,972 - - 152,972 |
13. Movements in Funds
| 13. Movements in Funds | |
|---|---|
| Restricted Funds: Total Restricted Funds Unrestricted Funds: General Funds Total Unrestricted Funds Total Funds |
At 1 Jan Incoming Outgoing Transfers 31 December 2024 Resources Resources 2024 [Inc Gains] £ £ £ £ £ - - - - - |
| - - - - - |
|
| 122,527 44,546 14,101 - 152,972 |
|
| 122,527 44,546 14,101 - 152,972 |
|
| 122,527 44,546 14,101 - 152,972 |
Page 12
The Redeemed Christian Church of God (RCCG) - His Majesty Sanctuary Parish Oldham Income and Expenditure Account for the Year Ended 31 December 2024
| 2024 2023 £ £ £ £ £ £ Income 44,546 30,393 LESS OVERHEADS Staff Costs Pastor's Allowance - 3,600 - 3,600 Premises Costs Rent & Rates 1,624 2,236 1,624 2,236 Bank Charges Bank Charges 102 102 102 102 Administration Printing, Postage and Stationery 105 70 Training 435 - Telephone & Internet 169 - 709 70 Ministry Evangelism & Publicity 2,983 160 Events, Retreats & Conferences 1,185 1,700 Gift to Charities & Visiting Ministries 500 - Donations, Welfare & Love Gifts 240 5,628 Books 254 - Media Expenses 620 - 5,782 7,487 Professional Fees Accountancy Fees 350 300 Professional Fees 734 395 1,084 695 Support Costs Hotel, Travel & Motor Expenses 734 - Repair & Maintenance 2,209 - Depreciation 1,857 1,270 Sundry Expenses - 351 4,800 1,621 (14,101) (15,811) Surplus/(Deficit for the year) 30,445 14,582 Surplus brought forward 122,527 107,945 Surplus carried forward 152,972 122,527 |
2024 2023 £ £ £ £ £ £ Income 44,546 30,393 LESS OVERHEADS Staff Costs Pastor's Allowance - 3,600 - 3,600 Premises Costs Rent & Rates 1,624 2,236 1,624 2,236 Bank Charges Bank Charges 102 102 102 102 Administration Printing, Postage and Stationery 105 70 Training 435 - Telephone & Internet 169 - 709 70 Ministry Evangelism & Publicity 2,983 160 Events, Retreats & Conferences 1,185 1,700 Gift to Charities & Visiting Ministries 500 - Donations, Welfare & Love Gifts 240 5,628 Books 254 - Media Expenses 620 - 5,782 7,487 Professional Fees Accountancy Fees 350 300 Professional Fees 734 395 1,084 695 Support Costs Hotel, Travel & Motor Expenses 734 - Repair & Maintenance 2,209 - Depreciation 1,857 1,270 Sundry Expenses - 351 4,800 1,621 (14,101) (15,811) Surplus/(Deficit for the year) 30,445 14,582 Surplus brought forward 122,527 107,945 Surplus carried forward 152,972 122,527 |
2024 2023 £ £ £ £ £ £ Income 44,546 30,393 LESS OVERHEADS Staff Costs Pastor's Allowance - 3,600 - 3,600 Premises Costs Rent & Rates 1,624 2,236 1,624 2,236 Bank Charges Bank Charges 102 102 102 102 Administration Printing, Postage and Stationery 105 70 Training 435 - Telephone & Internet 169 - 709 70 Ministry Evangelism & Publicity 2,983 160 Events, Retreats & Conferences 1,185 1,700 Gift to Charities & Visiting Ministries 500 - Donations, Welfare & Love Gifts 240 5,628 Books 254 - Media Expenses 620 - 5,782 7,487 Professional Fees Accountancy Fees 350 300 Professional Fees 734 395 1,084 695 Support Costs Hotel, Travel & Motor Expenses 734 - Repair & Maintenance 2,209 - Depreciation 1,857 1,270 Sundry Expenses - 351 4,800 1,621 (14,101) (15,811) Surplus/(Deficit for the year) 30,445 14,582 Surplus brought forward 122,527 107,945 Surplus carried forward 152,972 122,527 |
|---|---|---|
| 14,582 107,945 |
||
| 122,527 |
This page does not form part of the statutory accounts.
Page 13