Charity registration number: 1152911
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
JOS ACCOUNTANTS LIMITED Unit 3 51-57 High Street South East Ham London E6 6EJ
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH Contents
| Page | |
|---|---|
| Trustees' Report | 1—2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6—9 |
| The following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 10 |
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH Trustees' Report For The Year Ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024.
Objectives and Activities
Aims and Objectives
To advance the Christian faith in accordance with the doctrines of The Redeemed Christian Church of God (RCCG) for the benefit of the public, and to provide support to the community through worship services, prayer meetings, religious teaching, pastoral care, outreach activities, and initiatives aimed at relieving poverty and promoting the wellbeing of individuals and families.
Public Benefit
The church provides public benefit by advancing the Christian faith through open worship services, prayer meetings, and religious teaching that are accessible to the general public. These activities promote moral and spiritual development, encourage positive values, and provide guidance and support to individuals and families.
In addition, the church supports members of the wider community through pastoral care, counselling, outreach activities, and assistance to those in need. These include providing practical support, advice, and help to individuals experiencing hardship or personal difficulties, thereby contributing to the wellbeing and cohesion of the community.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
Reference and Administrative Details
Trustees
Mr Olusegun Olayemi Mr Dele Oderinde - Chairman Dr Patricia Idaewor
Charity Number
1152911
Principal Address
17 Crome Drive Great Yarmouth NR31 0HN
Independent Examiner
O J OGUNDELE JOS ACCOUNTANTS LIMITED Unit 3 51-57 High Street South East Ham London E6 6EJ
Page 1
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH Trustees' Report (continued) For The Year Ended 31 December 2024
The trustees' report was approved by the board of trustees and signed on its behalf by:
Mr Olusegun Olayemi Trustee 22nd March 2026
Page 2
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH Independent Examiner's Report to the Trustees of THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH For The Year Ended 31 December 2024
I report to the trustees on my examination of the accounts of THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH (the Trust) for the year ended 31 December 2024.
Responsibilities and Basis of Report
As the charity trustees of the Trust 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 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 giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and contents 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.
O J OGUNDELE 22nd March 2026 Unit 3 51-57 High Street South East Ham London E6 6EJ
Page 3
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH Statement of Financial Activities For The Year Ended 31 December 2024
| Notes INCOME AND ENDOWMENTS FROM: Charitable activities: Outreach and publicity EXPENDITURE ON: Charitable activities: 3 Outreach and publicity Welfare NET EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 10 |
2024 Unrestricted funds £ 40,892 |
2023 Unrestricted funds £ 18,585 |
|---|---|---|
| (43,356) (2,000) |
(26,329) (4,817) |
|
| (45,356) | (31,146) | |
| (4,464) | (12,561) | |
| (4,464) 10,877 |
(12,561) 23,438 |
|
| 6,413 | 10,877 |
The notes on pages 6 to 9 form part of these financial statements.
Page 4
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH Balance Sheet As At 31 December 2024
| Notes FIXED ASSETS Tangible Assets 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 9 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 10 On behalf of the board |
2024 Unrestricted funds £ 3,354 |
2023 Total funds £ - |
|---|---|---|
| 3,354 - 5,572 |
- 5,984 5,577 |
|
| 5,572 (2,513) |
11,561 (684) |
|
| 3,059 | 10,877 | |
| 6,413 | 10,877 | |
| 6,413 | 10,877 | |
| 6,413 | 10,877 | |
| 6,413 | 10,877 | |
Mr Olusegun Olayemi Trustee 22nd March 2026
The notes on pages 6 to 9 form part of these financial statements.
Page 5
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH Notes to the Financial Statements For The Year Ended 31 December 2024
1. General Information
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH is a charitable incorporated organisation registered with the Charity Commission, registered charity number 1152911. The principal address is 17 Crome Drive, Great Yarmouth, NR31 0HN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "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) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
2.2. Incoming Resources
Incoming resources consist of voluntary donations, tithes, offerings, and other contributions from members and supporters, as well as any grants or fundraising income received during the year.
2.3. Resources Expended
Resources expended consist of costs incurred in furtherance of the church’s objectives, including venue hire, utilities, administrative expenses, ministry and outreach activities, welfare support for those in need, and other operational expenses necessary for the running of the church.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings
Depreciation 20%
2.5. Cash and Cash Equivalents
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
3. Analysis of Expenditure
| Outreach and publicity Welfare Outreach and publicity Welfare |
Activities undertaken directly £ 11,775 - |
Grant funding of activities £ 7,935 2,000 |
Support costs (see note 4) £ 23,646 - |
2024 Total £ 43,356 2,000 |
|---|---|---|---|---|
| 11,775 | 9,935 | 23,646 | 45,356 | |
| Activities undertaken directly £ 2,652 - |
Grant funding of activities £ 1,453 4,817 |
Support costs (see note 4) £ 22,224 - |
2023 Total £ 26,329 4,817 |
|
| 2,652 | 6,270 | 22,224 | 31,146 |
Page 6
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
| 4. Support Costs Employee costs Premises expenses General administration Premises expenses General administration 5. Independent Examiner's Remuneration Independent examination of the financial statements 6. Average Number of Employees Average number of employees during the year was: 14 (2023: 12) 7. Tangible Assets Cost As at 1 January 2024 Additions As at 31 December 2024 Net Book Value As at 31 December 2024 As at 1 January 2024 8. Debtors Due within one year Other debtors |
2024 £ 600 2024 £ - |
2024 Outreach and publicity £ 2,000 4,992 16,654 |
|---|---|---|
| 23,646 | ||
| 2023 Outreach and publicity £ 4,968 17,256 |
||
| 22,224 | ||
| 2023 £ 600 |
||
| Fixtures & Fittings £ - 3,354 |
||
| 3,354 | ||
| 3,354 | ||
| - | ||
| 2023 £ 5,984 |
Page 7
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
- Creditors: Amounts Falling Due Within One Year
| Other creditors 10. Movement in Funds As at 1 January 2024 Income £ £ Unrestricted funds General: General unrestricted fund 10,877 - Tithe - 7,474 Offering - 18,852 Thanksging - 6,692 Pledges - 7,874 Total unrestricted funds 10,877 40,892 Total funds 10,877 40,892 As at 1 January 2023 Income £ £ Unrestricted funds General: General unrestricted fund 23,438 - Tithe - 4,022 Offering - 10,047 Thanksging - 2,310 Pledges - 2,206 Total unrestricted funds 23,438 18,585 Total funds 23,438 18,585 11. Transactions with Trustees During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows: |
As at 1 January 2024 £ 10,877 - - - - |
Income £ - 7,474 18,852 6,692 7,874 |
2024 £ 2,513 Expenditure £ (41,356) - - - (4,000) |
2023 £ 684 |
|
|---|---|---|---|---|---|
| As at 31 December 2024 £ (30,479) 7,474 18,852 6,692 3,874 |
|||||
| 10,877 | 40,892 | (45,356) | 6,413 | ||
| 10,877 | 40,892 | (45,356) | 6,413 | ||
| As at 1 January 2023 £ 23,438 - - - - |
Income £ - 4,022 10,047 2,310 2,206 |
Expenditure £ (27,424) - - - (3,722) |
As at 31 December 2023 £ (3,986) 4,022 10,047 2,310 (1,516) |
||
| 23,438 | 18,585 | (31,146) | 10,877 | ||
| 23,438 | 18,585 | (31,146) | 10,877 | ||
| 2024 £ |
2023 £ |
Page 8
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH Notes to the Financial Statements (continued) For The Year Ended 31 December 2024
- Related Party Disclosures
Page 9
THE REDEEMED CHRISTIAN CHURCH OF GOD, OASIS CHAPEL GREAT YARMOUTH Detailed Statement of Financial Activities For The Year Ended 31 December 2024
| INCOME AND ENDOWMENTS FROM: Charitable Activities: Outreach and publicity Church EXPENDITURE ON: Charitable Activities: Outreach and publicity Advertising, marketing, direct mail and publicity Travel and subsistence expenses Grants to institutions Subcontractor costs Rent Light and heat Repairs, renewals and maintenance Insurance Stationery Publications Training seminars and workshops Telecommunications Independent examiner's fees Subscriptions Other office costs Entertaining Sundry expenses Welfare Grants to individuals NET EXPENDITURE |
2024 Total funds £ 40,892 |
2023 Total funds £ 18,585 |
|---|---|---|
| 40,892 | 18,585 | |
| 40,892 (7,560) (4,215) (7,935) (2,000) (4,000) (992) (3,836) (1,016) (454) (504) (4,782) (854) (600) - (1,549) (1,771) (1,288) |
18,585 - (2,652) (1,453) - (3,722) (1,246) (3,354) (1,346) (847) - (4,102) (1,270) (600) (352) (1,426) (3,547) (412) |
|
| (43,356) (2,000) |
(26,329) (4,817) |
|
| (2,000) | (4,817) | |
| (45,356) | (31,146) | |
| (4,464) | (12,561) |
Page 10