**1152915** **THE REDEEMED CHRISTIAN CHURCH OF GOD OPEN HEAVENS BARNET** **Annual Accounts JANUARY 2018 to DECEMBER 2024** **THE REDEEMED CHRISTIAN CHURCH OF GOD - OPEN HEAVENS BARNET (an incorporated Charity limited by guarantee without a share capital) Trustees' Annual Report** The Trustees present the annual report and accounts of the Charity for the period ended 31st December 2024. **Trustees' Responsibilities for the Preparation Of The Financial Statements** The Charity meets the requirement of a small company under the companies Act and does not exceed the audit thresholds. The Trustees are responsible for the preparation of the financial statements for each financial priod which give a true and fair view of the financial position of the charity. The Trustees have selected suitable accounting policies and applied them consistently, making judgements and estimates that are reasonable and prudent in the preparation of the financial statements on a going concern basis. The Trustees are responsible for keeping proper accounting records which disclose reasonable accuracy at all times. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. **Principal Activities** The Redeemed Christian Church of God- Open Heavens Barnet is a religious organisation and also a charity. The main objective of the charity is the advancement of the christian faith worldwide and the relief of poverty. **Achievements and Benefit** The Redeemed Christian Church of God, Open heavens Barnet, is committed to creating an enabling environment for members of the community and church to worship freely either during our weekly service or Sunday service. Our activities help to put our faith into practise through intercessory prayer meetings, Sunday school services, scriptures, music and Holy communion services. Our work with families and individuals put Christ as the centre of all our affairs. Reaching out and helping people in need is an expression of our faith. **Financial Review** During the year, the total unrestricted donations from members inclusive of bank interests were £49,061.48 and Restricted donations inclusive of bank interest were £2,606.50 received towards the church building project. £49,630.39 was expended during the year resulting in a net suplus of £2,037.59 for the year 2024. The details of the financial position for the period ended 31st December, 2024 are laid out in the Charity accounts hereby attached. **Trustees** The trustees who served in the period were: Yetunde Adewunmi AKINYEMI Olabiyi AJIBOLA Olufolake Folashade OGBEBOR By Order of the Trustees |**RCCG**|**OPEN HEAVENS BARNET**|**OPEN HEAVENS BARNET**|**OPEN HEAVENS BARNET**|Charity
No|

**1152915**|| |---|---|---|---|---|---|---| ||Annual accounts for the period|||||| ||Period start date|**01/01/2024**|**To**|Period end date|**31/12/2024**|| |**Section A**|**Statement of**|**financial activities**||||| |**Recommended**
**categories by activity**
**Details of own**
**analysis**
Note
**Incoming resources (Note 3)**
**Incoming resources from**
**generated funds**
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
**Incoming resources from**
**charitable activities**
S04
**Other incoming resources**
S05
S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
**Prior year adjustment**
S21
**_Total incoming resources_**
**_Total resources expended_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
**Gross transfers between funds**
**_Total funds carried forward_**
**_Net incoming/(outgoing) resources before other_**
**_recognised gains/(losses)_**
**Other recognised** **gains/(losses)**
Gains and losses on investment assets
**_Net movement in funds_**
**Total funds brought forward**
**_Total funds_**
Gains and losses on revaluation of fixed assets
for the charity’s own use||**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total this year**
**2024**
**Total last year**
**2023**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05||||| |||-|-|-|-|-| |||46,435|2,200|-|48,635|50,457| |||-|-|-|-|-| |||2,627|407|-|3,033|2,278| |||-|-|-|-|-| |||-|-|-|-|1| |||49,061|2,607|-|51,668|52,736| |||||||| |||-|-|-|-|-| |||22,153||-|22,153|21,038| |||-|-|-|-|-| ||||-|-|-|-| |||27,477||-|27,477|17,100| |||-|-|-|-|-| ||||-|-|-|-| |||49,630|-|-|49,630|38,138| |||(569)|2,607|-|2,038|14,598| |||||-|-|-| |||(569)|2,607|-|2,038|14,598| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||(569)|2,607|0|2,038|14,598| |||138,260|19,210|-|157,470|142,872| |||137,691|21,817|-|159,508|157,470| ||||||-|| |||137,691|21,817|-|159,508|157,470| |||67,532||||| |**RCCG**|**OPEN HEAVENS BARNET**|**Charity**
**No**|

**1152915**| |---|---|---|---| ||Balance sheet for the period ended 31st December, 2024||| |**Section B**|**Balance sheet**||| |**Fixed assets**
**Tangible assets**
B01
B02
**Investments**
B03
**_Total fixed assets_**
B04
**Current assets**
**Stock and work in**
**progress**
B05
**Prepayments**
**Debtors**
B06
**(Short term) investments**
B07
**Cash at bank and in**
**hand**
B08
**_Total current assets_**
B09
**Creditors: amounts**
**falling due within one**
**year**
B10
**_Net current_**
**_assets/(liabilities)_**
B11
**_Total assets less current l_**
B12
**Creditors: amounts**
**falling due after one year**
B13
**Provisions for liabilities**
**and charges**
B14
**_Net assets_**
B15
**Funds of the**
**Charity**
**Unrestricted funds (Note**
**3)**
B16
B17
**Restricted income funds**
**(Note 3)**
B18
**Endowment funds**
B19
**_Total funds_**
B20|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total this year**
**2024**
**Total last year**
**2023**
**£'000**
**£'000**
**£'000**
**£'000**
**£'000**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total this year**
**2024**
**Total last year**
**2023**
**£'000**
**£'000**
**£'000**
**£'000**
**£'000**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total this year**
**2024**
**Total last year**
**2023**
**£'000**
**£'000**
**£'000**
**£'000**
**£'000**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total this year**
**2024**
**Total last year**
**2023**
**£'000**
**£'000**
**£'000**
**£'000**
**£'000**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total this year**
**2024**
**Total last year**
**2023**
**£'000**
**£'000**
**£'000**
**£'000**
**£'000**
F01
F02
F03
F04
F05| |---|---|---|---|---|---| |||-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||-|-|-|-|
-| ||||||| ||-|-|-|-|-| ||81|||81|342| |||-|-|-|-| ||5,000|-|-|5,000|5,000| ||137,118|21,816|-|158,934|155,215| ||142,199|21,816|-|164,015|160,557| ||||||| ||(4,507)|-|-|(4,507)|(3,087)| ||||||| ||137,692|21,816|-|159,508|157,470| ||||||| ||137,692|21,816|**-**|159,508|157,470| ||||||| ||-|-|-|-|-| ||-|-|-|-|-| ||||||| ||137,692|21,816|-|159,508|157,470| ||||||| ||137,691|||137,691|87,184| |||||-|-| |||21,817||21,817|2,628| ||||-|-|-| ||||||| ||137,691|21,817|-|159,508|157,470| ## **RCCG** OPEN HEAVENS BARNET **Section C Notes to the accounts** ## Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with: - Accounting and Reporting by Charities – Statement of Recommended Practice (FRS 102); - and with* - ü Accounting Standards; - and with the Charities Act 1993. - [** except for the following]. _**Give details in this box if a different standard has been followed.**_ ## **1.2 Change in basis of accounting** There has been no change to the accounting policies (valuation rules and methods of accounting) since last year . ## **1.3 Changes to previous accounts** No changes have been made to accounts for previous years. **RCCG** OPEN HEAVENS BARNET **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** |**_This standard list of accounting_**|**_policies has been applied by the charity except for those deleted. Where a different or_**| |---|---| |**_additional policy has been adopted then this is detailed in the box below._**|| |**INCOMING RESOURCES**|| |**Recognition of incoming**|These are included in the Statement of Financial Activities (SoFA) when:| |**resources**|· the charity becomes entitled to the resources;| ||· the trustees are virtually certain they will receive the resources; and| ||· the monetary value can be measured with sufficient reliability.| |**Incoming resources with**|Where incoming resources have related expenditure (as with fundraising or contract income) the| |**related expenditure**|incoming resources and related expenditure are reported gross in the SoFA.| |**Grants and donations**|There were no Grants in this financial period. All donations are included in the SoFA and classed| ||as either restricted or unrestricted based on the charity's entitlement to the resources.| |**Tax reclaims on donations and**
**gifts**|No tax reclaims were collected on donations.| |**Contractual income and**|No contractual income has been received by the charity| |**performance related grants**|| |**Donated services and facilities**|These are only included in incoming resources (with an equivalent amount in resources expended)| ||where the benefit to the charity is reasonably quantifiable, measurable and material_._The value| ||placed on these resources is the estimated value to the charity of the service or facility received.| |**Volunteer help**|The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.| |**Investment income**|This relates to interest received from the savings accounts maintained by the charity.| |**Investment gains and losses**|This includes any gain or loss on the sale of investments and any gain or loss resulting from| ||revaluing investments to market value at the end of the year. No gain or loss wa reported in the| ||year 2024| |**EXPENDITURE AND LIABILITIES**|| |**Liability recognition**|Liabilities are recognised as soon as there is a legal or constructive obligation committing the| ||charity to pay out resources.| |**Governance costs**|Include costs of the preparation and examination of statutory accounts, the costs of trustee| ||meetings and cost of any legal advice to trustees on governance or constitutional matters. There| ||were no governance costs for the year to 31/12/2024| |**Grants with performance**|Where the charity gives a grant with conditions for its payment being a specific level of service or| |**conditions**|output to be provided, such grants are only recognised in the SoFA once the recipient of the grant| ||has provided the specified service or output.No grant was issued during the year to 31/12/2024| |**Grants payable without**|These are only recognised in the accounts when a commitment has been made and there are no| |**performance conditions**|conditions to be met relating to the grant which remain in the control of the charity.| |**ASSETS**|| |**Tangible fixed assets for use**|There was no fixed asset for the year to 31/12/2024| |**by charity**|| |**Investments**|There are no short term investments for the year to 31/12/24| ## **RCCG** OPEN HEAVENS BARNET **Section C Notes to the accounts (cont)** **Note 3 Analysis of incoming resources** _**Incoming resources may be further analysed if this would help the reader of the accounts.**_ |**Activities for generating funds**
**Investment income**
**Incoming resources from**
**charitable activities/Restricted**
**Income**
**Voluntary income**|**Analysis**|**Total this year**
**2024**|**Total last year**
**2023**| |---|---|---|---| |||**£**
**£**|| ||Donation-Unrestricted
|46,435|46,528| ||Donations-Restricted|2,200|3,929| ||||| ||||| ||||| ||**Total**|48,635|50,457| ||||| ||||| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||savings account interest income|2,627|2,017| ||Interest income-Restricted Donations|407|261| |||-|-| |||-|-| |||-|-| ||**Total**|3,033|2,278| ||||| |||-|| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ## **RCCG** OPEN HEAVENS BARNET ## **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of resources expended** **Resources expended may be further analysed if this would help the reader of the accounts.** |**Costs of generating**
**voluntary income**
**Fundraising trading**
**costs**
**Investment**
**management costs**
**Charitable activities**
**Governance costs**|**Analysis**|**Total this year**
**2024**|**Total last year**
**2023**| |---|---|---|---| |||**£**
**£**|| ||||| ||Professional Fees||| ||Office/ Adminstrative Expenses|10,821|9,228| ||Rent|11,332|11,809| ||Events||| ||||| ||||| ||||| ||**Total**|22,153|21,038| ||||| |||-|-| |||-|-| |||-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||interest expense|-|-| |||-|-| |||-|-| ||**Total**|-|-| ||||| ||World Evangelical Mission|9,169|12,203| ||
Festival of Life|600|600| ||Evangelism|17,708|4,297| ||||| ||**Total**|27,477|17,100| ||||| ||Charity registration|-|-| |||-|-| |||-|-| ||**Total**|-|-| ## **RCCG** ## OPEN HEAVENS BARNET ## **Section C Notes to the accounts (cont)** ## **Note 5 Support Costs** _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ |**_costs._**||||| |---|---|---|---|---| |**Support cost type**|**Fundraising activity**
**£**|**Charitable Activity**
**£**|**Governance**
**Activity**
**£**|**Total Cost**
**£**| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| |**Total**|-|-|-|-| ## **Note 6 Details of certain items of expenditure** ## **6.1 Trustee expenses** _**Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).**_ |
**Number of trustees** **who were paid expenses**
**Nature of the expenses**
**Total amount paid**|**Total this year**
**2024**|**Total last year**
**2023**| |---|---|---| ||**NONE**|**NONE**| |||| ||**£**|**£**| ## **6.2 Fees for examination or audit of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).**_ |**Independent examiner’s or auditors' fees for reporting on the**
**accounts**
**Other fees (for example: advice, consultancy, accountancy services)**
**paid to the independent examiner or auditor**
|**Total this year**
**2024**|**Total last year**
**2023**| |---|---|---| ||**£**|**£**| ||NIL|NIL| ||NIL|NIL| ## **RCCG** ## **Section C Notes to the accounts (cont)** ## **Note 11 Debtors and prepayments** ## _**Please complete this note if the charity has any debtors or prepayments.**_ |**Analysis of debtors**
**Trade debtors**
**Amounts due from subsidiary and associated**
**undertakings**
**Other debtors**
**Prepayments and accrued income**
**Total**
|
**Amounts falling due within**
**one year**|
**Amounts falling due within**
**one year**|**Amounts falling due after**
**more than one year**|**Amounts falling due after**
**more than one year**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|-| |||-|-|-| ||81|-|-|-| ||81|-|-|-| ## **Note 12 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_ **12.1 Analysis of creditors** |**Loans and overdrafts**
**accruals**
**Amounts due to subsidiary and associated undertakings**
**Other creditors**
**Accruals and deferred income**
**Total**|**Amounts falling due within**
**one year**|**Amounts falling due within**
**one year**|**Amounts falling due after**
**more than one year**|**Amounts falling due after**
**more than one year**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||||-|| ||(4,507)|(3,087)|-|-| ||-|-|-|-| ||-|-|-|-| ||-|-|-|-| ||(4,507)|(3,087)|-|-| ## **12.2 Security over assets** _**If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.**_ **Independent examiner's report** |**Report to the trustees/**
**members of**|THE REDEEMED CHRISTIAN CHURCH OF GOD OPEN HEAVENS BARNET
~~Po~~|THE REDEEMED CHRISTIAN CHURCH OF GOD OPEN HEAVENS BARNET
~~Po~~| |---|---|---| |**On accounts for the year**
**ended**|**Charity**
**no (if any)**
1152915
31STDECEMBER, 2024
~~J~~|| |**Respective responsibilities of**|The charity's trustees are responsible for the preparation of the accounts. The charity’s|| |**trustees and examiner**|trustees consider that an audit is not required for this year under section 144 of the Charities|| ||Act 2011 (the Charities Act) and that an independent examination is needed.|| ||It is my responsibility to:|| ||* examine the accounts under section 145 of the Charities Act,|| ||* to follow the procedures laid down in the general Directions given by the Charity|| ||Commission (under section 145(5)(b) of the Charities Act, and|| ||* to state whether particular matters have come to my attention.|| |**Basis of independent**|My examination was carried out in accordance with general Directions given by the Charity|| |**examiner’s statement**|Commission. 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 any 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 examiner's**
**statement**|In connection with my examination, no matter has come to my attention which gives me|| ||reasonable cause to believe that in, any material respect, the requirements:|| ||* to keep accounting records in accordance with section 130 of the Charities Act; and|| ||* to prepare accounts which accord with the accounting records and comply with the|| ||accounting requirements of the Charities Act|| ||have not been met; or|| ||to which, in my opinion, attention should be drawn in order to enable a proper|| ||understanding of the accounts to be reached.|| |**Name:**
**Signed:**|**Date**
21/08/2025
FAITH ESAN
~~————~~|| |**Relevant professional**
**qualification(s) or body (if**
**any):**|ACCA
~~PO~~|| |**Address:**|EN5 2BJ
18 SHERRARDS WAY, BARNET, LONDON
~~Tt~~|| 10