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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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**
9. **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**
12. **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