Charity Registration No. l 151877 Company Incorporation No. 08470482 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH Report & Flnancial Statements For the Year Ended 31 March 2024 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH REPORT AND FINANCIAL STATEMENIS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS PAGE REPORT OF THE BOARD & STATEMENT OF BOARD'S RESPONSIBLITIES INDEPENDENT EXAMINER'S REPORT STATEMENT OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENT 8-12 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITr1 REFERENCE AND ADMINISTRATIVE INFORMATION General Overseer Pastor E A Adeboye Trustees The trustees who served durlng the perlod were as follow." Mrs Wosilat M. Alade Mr Idowu S. Daniels Mr Segun Isaiah Palmer Mrs Folake O Odugbile Senlor Pastor Oladayo Odugbile Reglstered Address 301 Long Riding Basildon Essex SS14 IQR Accountants Da-silva and Associates Ltd 14 Fam Close Dcjgenham Essex RMIO 9TX Worshlp Address RCCG Temple of Faith 301 Long Riding Baildon Essex SS14 IQR Bankers Lloyds Bank PIC Commercial Banking P. O. Box 1000 Andover BXI ILT statvtory Registratlon Charity Commission Registration Charity Number: l 151877 Company Registration Number: 08470482 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH YEAR ENDED 31 MARCH 2024 Rep(*l of the Trustees The trvstees PTeseit fhe onnval report and financiol statement of The Redeemed Christian Church of God C'RCCG") Temple of Faith for the year ended 31 March 2024. Prfnclpal Adlvi11o9 The principal actiilities af this Charity is ttie advancement of the Christian faith woddwde and the reliel ol pove,, ly. Orgonlsalion slrucluTe, governonce and morngemenl This organisotion s an incorporated charity in England and Wales since Ihe 2nd May 2013 The overall conlrcl of the orgonisation is the responsibilily of the boord of tru51ees who are also the directors for company purposes. These responsiblltles hove been delegcted ond vested in Ihe Senior Pastor anc Chief Executive Officer. The Senior Pastor,. who is the set man of Ihe orgonisation cory oul the doy to doy management ol the Chorily. He is assisted by Ihe Chority's adminstralor ond a teorn of vo untary workers to thom responsibilitie5 ore delegated. The Senior P051or liase regularty with the chority's boord. Hnanclal revlew The Charity's linoncial stateffent for the year ended 31 March 2024 shows a net surplus of £34,692 12023 . £28.7961. T?tal unrestricted fund os ot 31 Morch 2024 15 £151,11812023.' £116,426). Reserves ore required in th& event of pO￿lble emergegcies. unexpecled events ond lo ensure conligency plans Ofe adequately funded. Related party relallonshlp RCCG Temple of Faith is a member of Ihe Redeemed Christion Church of God worlthide. This relationship is governed by an 'ogreement ol common purposes, between our parish and RCCG UK, Rlsk monagement In order to safeguard the welfare of children ond young people Ihe church operates o child protection policy. Al Church coordinators and children and youth workers ore carefully screened and have an enfianced disclosure barring seryice IDBSI check. They are trained in safe WOTk proctice ond work vnder oppraved guidelines. The trustees have 0sse55ed the mojor risks to 'Nhich the chatify is exposed to. in parlicvlar those relathng lo the operations ond linonces of the charity and are Satisfied thol systems are in place to miligate exposure to any mojor risk5. Gronl moking pclicies The Chvrch assisl poor members in the community facing hardship caused by svdden emergency i.e loss of job etc. In accordance to the organisalion'5 gront making policy. KEDeEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH YEAR ENDED 31 MARCH 2024 R•port ol th• Trust••i (Conllnv•d) Volvnl••rJ The Church is graleful to our wonderful vnlunl@ers. who pul in considerable numbers of hoijrs 6aLh week In suppu tlng the aclivitie5 Ull(4 Ilip c)peralions ol Ihp Lharily. Publlc Ben•llt In eslablishina it's pi'i)gri)Innies and aclivilip.% OF RC.CG Teinple ol Failh, Ihe ITuslees consider its benefit lo Ihe geneial publiL will)ii) Ilie c-.()iiiiniJnily ond iii linp willi il's charily objects ol odvancing chrislian faith in Uniled kiiiqdoiii (Jiid Ilie reliel ol poverly in the lives of the public. The trustees ensure tthal Ilie Chai'ity Coiniiiission's guideliiies on public benefit are followed in all Iheif operolions, ploiining and decision making. Truste•s' responslbllltles LOW opplicoble to charities in England ond Wales requires the trJslees to prepare financial statements for each financiol year which gives a Irue and fair view OF Ihe state of alfoirs of the charity and of Ihe charity ond of the surplus or deficit of the charily for Ihal period. In preparing Ihose financial Stotemenls the trvstees have: Selected suiloble accounlinq policies ond applied them consistenlly: Mode judgemenls and estimoles Ihal ore reasonat)le ond prudent; stated whether applicoble occounting 5tandords have been followed. subject to any materiol departures disclosed and explained in the finonciol stalemenls.. and * Prepared Ihe financial statemenls on a going concern basis (Jnless it is inappropriate to presume Ihal the Trust will continue in operotionl. The trustees have overall responsibility for ensuring that the charity hos on appropriate system of controls. financial and otherwise. They are also responsible for keeping proper accounting records whicridisc105e with reasonable accuracy al any time the financial position of the chcrily and enable them lo ensure Ihat the finonciol statements comply with the Chorities Act 1993. They are also responsible for safeguarding Ihe ossels of the charily and hence for taking reasonable steps for the deteclion ond prevenlion of fraud and other irregularities. This report was approved by the board of trustees on the 17+K . 2024 Mrs Folake O Odugbile For: The Board of Trustees Independent Examiner's Report to the Trustees of REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FATfH We report on the accounts of the Redeemed Christian Church of God {"RCCG")- Temple of Faith for the year ended 31 Marth 2024, which are set out on pages 5 to 12. Respective r8sponsibilitles of trustees and examiner The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under sectron 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Having satisfiad myself that the charity is not subject to audit under Company law and is eligilbe for independent examination, It is my responsibility to: examine the account under (section 145 of the 2011 Act.. to following the procedures laid down in the general Dlrections given by tt)e Charity Commission under section 14515}Ib) of the 2011 Act., and to stale whether particular matters have corne to my attention Basls of indèpendent examlnorfs report My examination was carrted out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by th8 Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accDunts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not providè all the evidence that would be required in an audit and consequently no opinion 15 given as to whether the accounts pres8nt a true and fair view and thereport is Slmited to those matters set out in the ststement below. Independent examlnerfs Statsment In connection ivith my examination, no matter has come to my attention., {1) which gives me reasonable cause to believe that, in any material respect the requirements.. to keep accounting records in accordance with section 386 of the Companies Act 2006,. and to prepare accounts which 3ccord with the accounting records, comply with the accounting requirements of the section 386 of the Companies Act 2006 with the rnelhods and principles of the Statement of Recommemded Practice.. Accounting and Repoting by Charities 12) to which. in my opinion, attention should be drawn in order to enable a proper urKlerstanding of the aGcounts to be reached. Mrs Eileen Da.Silva FCCA Da-silva and Associates Ltd 14 Fartn Close Dagenham Essex RMIO 9TX REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 MARCH 2024 2024 3323 Notes Unrestrlcted Fund Unrestricted Fund INCOME 156,652 Donaticn5 204,693 204.693 156,652 EXPENDITURE Charltable expenditure: Grants Jnd donation Costs of activities for charitable objective Support costs Management ond administration Total Expenditure 13.790 86.805 38.114 31,292 8.613 66,644 26,224 26.374 170.001 127,855 Net Incoming Resources 34,692 28.796 Total FJnds brought forward 116.426 87,629 151.118 116,426 ## **REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH** ## **BALANCE SHEET AS AT 31 MARCH 2024** |**Notes**
**Fixed assets**
Tangible fixed assets
7
**Current assets**
Debtor
8
Cash at bank
**Creditors: amount falling due within one year**
9
Net current assets
**Total assets less current liabilities**
**Income Funds**
Unrestricted Funds- General Funds
10|**2024**
**£**
**3,122**
**46,416**
**103,154**
**149,570**
**1,574**
**147,996**
**151,118**
**151,118**|**2023**
**£**
1,421
25,382
104,176
129,558
14,553
115,005
116,426
116,426| |---|---|---| 6 REDEEMED CHRISTIAN CHURCH OF GOD TEMPLE OF FAITH BALANCE SHEET (CONTD) AS AT 31 MARCH 2024 In preparing this financial statement: l . The directors are of the opinion thal the company is entitled to exemption from audit under section 47712) ot the Companies Act 2006 relating to small companies. 2. No notice has been deposited uncer section 476 of the Companies Ac12006 and 3. The directors acknowledge their responsibilities for; . Ensuring that the compony keep accounting records ￿hICh comply with section 386 of the Companies Act 2006 and . Preparing accounts which give true and fair view of the slate of affairs of the company as at the end of the financial year and of il's Surplus and deficit in accordance viith the requiremerits of section 396, and which othe￿iSe comply with the requirements of this Acl relating to accounts, so for as applicable to the compony. This financial statement have been prepared in accordance with the provisions applicable to companies subject to the Small companies regime. Approved on behalf of the board of trustees on the NJo¥fvQ 2024 Mr Segun Isaiah Palmer Trustee Mrs Folake O Odugbile Trustee REDEEMED CHRISTIAN CHURCH OF GOD TEMPIE OF FAIIH NOTES TO THE FINANCtAL STATEMENTS YEAR ENDED 31 MARCH 2024 l. k¢ounllng pollcy Ihe ￿1￿cipal accounling policies. dl of which have been oppfied consistently throughout the yeor. ore set outr below.. (o) Scope ond ba￿S ol Ihe finunclol slalemenls The linoncial stolemenls have been [￿ep(￿ed in uccordonce ￿1h Slolement of Recommended Proclice oppficabte lo chorilies prèporing their accounts in occordonce with Ihe ￿nancI01 Reporling Slondcxd ap￿¢Ca￿e in Ihe In the UK ond Republic ol Irelond IFRS 1021 lelleclive l JanuaTh 20191. Chorities SORP IFRS 1021. the Financid Repofitng Standard applicable in the UK and Ropvblic of trdond IFRS 1021. (b) PrewaHon ol uccovnts on o 90Sng concem bu$ls The trustees consider there are no molerfol vncertainties oboul he Chorilys obilily lo continue 0$ o goin9 concem. The re￿eW ol our financial posilion. reserves levels and lulure plorfj gives Trv5tee5 confidence the ch(Thty remoins a going concern f¢y the loreseeoble lulvre. (¢) Fund accountlng General fund5 ore Linrestricted funds vthch ore avciloble lor use ol the discrelion ol the Trustees in furtherome ol the generol objecfr'ves ol Ihe parish ond which hove not been designoled lor other purposes. (d) Incomlw fe$oufC•S All income is accounted lor then the Charity h05 entitlement to Ihe funds. the amount con te quonlified ancl there is certainty ol receipt. le) IE•sowces expended l expendilure is accounted lor on accrual bosis ond has been included under expense categories that aggregate oll costs lor ollocation to activitie5. Where costs cannot Je direcly ottribvled to parlicukjr octivities they hove beendlocoted on a basis consi>lenl Ih the use of the resources. Gronl poyable ore ckorged in Ihe year ￿ern the offer 15 mode except in Ih056 cases where the off8r is conditional, such gfants being rgcognised 05 expendilure whtn the condih.ons ottoched are ￿lfIlled. Gronts offered Subject lo ondition5 thich hove nol been met ot the yeor end are noted as o commitment, bul nol occrued as expenditure (n Cash Ilow The finonciol slalements do not inchjde o cash flow ￿¢tement because the chvrcki. as a small reporting entity, is exempt from the requirement to piepore such o stoternent under the rinanciol Reporh"ng Standard lor Smoller Entities lellk%ctive June 2(K121- Ig) Tungible fixed assets arKI deprecl