REDEEMED CHRISTIAN CHURCH OF GOD, ¢ITlEL OF PU8E, MANCHESTER REPORT OF THE TRUSTEes AND UNAUDrrED FINANCIAL STATEMENTS YEAR END 31 DECEMBER 2024 CHTy REGISTRATION NO: 1153704
REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHE8TER CONTENTS PAGE YEAR ENO 310ECEMBER 2024 CONTENTS PAGE LEGAL AND ADMINISTRATIVE INFORMATION REPORT OF THE TRUSTEES REPORT OF THE INDEPENDENT EK4MINERS STATEMENTS OF FINANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS 7-10 INCOME AND EXPENDITURE 11
REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRsE, MANCHE8TER LEGAL AND ADMINISTRATIVE INFORMATION YEAR END 31 DECEMBER 2024 CHARITY REGISTRATION NUMBER.. 1153704 REGISTERED OFFICE.. 15 Slack Road Manchester SE6 4AS TRUSTEES.. Oladokun Kolawole Vldor AkSnwunml Akinlotsn ACCOUNTANT S&V Bond Accountant5 44-6a Hh8 Street D8rtford Kent DA1 18X
REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER REPORT OF THE TRUSTEES YEAR END 31DECEM8ER 2024 The truste6s psent thelr report with the fin8nclal statements of the chartty for the year ended 31 December 2024. The trustees have adopted the provlsions of the Sialement of Recommended Practice ISORPI'Accountlng and Reportlng by Charilies. i8Jued in March 2005. REFERENCE AND ADMINISTRATIVE DETAIL3 Reg18tsrad Charlty numbar: 1153704 STRUCTURE, GOVERNANCE AND MANAGEMENT Govgmlng do¢umont The charily 18 controlled by ils governing document, 8 deed of tru81, and con8tsluie$ an unin¢orpor8ied charity. Rllk m•n•g•m•nl The Iruslges have a duly lo Idenllfy and rovlew the rlsk8 to whlch the charity Is expo6od and lo •n8ur8 ¥pproprl810 conlrols are In placa lo provlde reasonable assur8nco agaln8t fraud and error. OBJECTIVE8 AND ACTivrriE8 Th• Charlty'• object• are: The main objective of the charity 18 thal of developing, maintaining and promoling Chri81ion faith in Ihe ¢ommunity where chafily operates, The Ir¢Jslees 8nd88vour lo the b981 of our abllily lo maintain an excellent standard wiihin the Charity, with the Charily CommissSon and wblhin our communlty We conllnug lo locus our 8fforts Sn our Sunday Schools 10 188¢h young chlldren about God 8nd address some ol the i86u•6 faung Ihém. Our aim 18 to 9iva tha young peopl8 in our communit188 tho too16 to become re8ponBible adult8. 81qnlllcant actlvltl•8 Durlng the year we ran a number ol acllvS1185 Includlng. -BSbl• leachlng whSGh Ss opon lo 011, 8nd Ihrlvlng Sunday school whlch l¥ progr¥¥alng well wlth Ghlldrgn and adult• Friday evenlng youth group, which 58 well attended Trfps to the seasld8 for the oldedy and young people Supporting older and vulnerable group8 wllhln the community giving pr8¢1ical support and vl8iUng Vlsils lo older members of our communllleg, 88818tlng them In Ihelr need8. Promotlon of Healthy Llvlng and LlfeslO0. Supporting other charith?s Faciiiiatlng ¢ommunlty coheslon Provlslon of Sorvices We makSng It a part or our soGlal responsSbllSly to foster good r818tSon$ wlth each 8ectlon of our communlty In order lo promolo harmony and lo enhance tha community understanding of each othor,
REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRSE, MANCHESTER REPORT OF THE TRUSTEES YEAR END 31DECEMBER 2024 ACHIEVEMENT AND PERFORMANCE Charltabl• Actlvlti•• All The Tnasleas ar8 actlvety dolng Ihelr dulles. FINANCIAL REVIEW R•sor¥•• pollcy The InJ9198$ aim toward8 a 8itualion whereby th? charity could malntain unr68trbCtod funds al a lovel whlch equal08 to approxlmalely Ihr8e months of unreslricled expendllure. Prln¢lp•l fundlng iourc•• Tho charity is maintained from liihe$, and offerings, gift aid elc 3TATEMENT OF TRUSTEES RESPONSIBILITIES The Iruslees are responsible for preparing the R¢port of the TN61808 and the fSnanclal statements In o¢¢ordan¢• wllh appll¢able law and UnSled KSngdom A¢counllr Standards Iunlled Klngdom Generally A¢cepled Accounllng Pracilce). Th818w appll¢abl¢ to charllla$ In England and Wo198, the Ch8rlllo8 2011, Charfty IA¢¢ounl$ ond Reports) Rggulatlon8 2008 and the prov151on$ of Iho trust deed requlres the Iruslees lo prepare financl81 stalgmenl$ for each flnanclal year whlch 9lve a IrLte and fair vlew of the stale of affalrs of the chadty and of the incomlng resources and appllcalk)n of resources, IncludSng the Incorne and expendlture, of tha chadty for that perlod. In preparlng those nnanclal slal8ment8, the Iruslees are required lo- sèlacl suitable accounbng policies and then apply them con818lenlly'. ob$eNe the methods and princlples In the Charlty SORP; make Judgements and estlmates that are rea3on8bl8 and prudent., prepare the flnanclal statements on Iho golng ¢on¢6fn ba$1$ unl88s11 1$ Inapproprlale lo prgsume that the Charlty will conllnug In bu51ne$s. The Irii81988 are 16$pon8lble for k8eplng propar a¢¢ountlng r•¢ord8 whlch dl8c108e th re880nable accuracy 81 any Ilr Ihe flnanclol poslilon of th8 chorlty and to enable them to onsurg Ih8t tho fln8ncl81 st81ements comply wlth the Ch8rll88 Act 2011, the Charity (Account5 and Reports) Regulallons 2008 and the provi$ion$ of the trust doed. They are also respon$lble for safeguarding the assets of Ihe oharlly and hence for tsklng reasonable steps for the preventlon and detsGllon of fraud and oiher Irregularfties. ON aEHALF OF THE BOARD.. Oladokun Kolawole Vi¢lor (Trusteel Dat•:
REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PR8E, MANCHESTER REPORT OF THE INDEPENDENT EXAMINERS YEAR END 31 DECEM8ER 2024 I report on the accounts for the year ended 31December 2024 sel out on pages flve to len. Respectlve responslbllltles of trust•es and examlner The charlty8 trustees (who are also the directors for the purpo$è$ of company IAW) aro rospon8lb19 lor the prep8rallon of the accounts. The charws twslees consider that an audll Is not rgqulred for thls year lunder Sectlon 144121 of the Charltles Act 2011 Ilhe 2011 Actll and that an Ind6pend•nt examlnatk)n Is requlred. Havlng $allsll¢d mysglf that thg Gharity Is nol subject lo audlt under company law and Is eliglble for Independent examlnation, 51 is my responsibility lo.. aX8mln6 the accounts under s8cb.on 145 of the 2011 Act - lo follow the procedures la down in the G8n8ral Dlrèction8 glv8n by the Charity Commission (ufidor S8cllon 14515llbl of the 2011 Acll, and - to slate whether partlcular matters have ¢oma to my attenllon. 84811 ot the Ind8p•nd•nt •xamlneVs report My examlnalion was carrigd out in acrdanCe wllh th8 G8neral Dirèctions givèn by the Charlty Commis8ion. An examln8llon Includes a revlew of the accounllng records kapl by the oh8rSly and 8 comparlson of tho 8c¢ounl$ pr08entod wllh those records.11 also In¢ludos ¢onsldgrailon of any unusu81 Items or dlsc105ures In the accounts, and seeklng explanatlons Irom you as Irus19es concernSng any such matters, Tho procedures undertaken do not provldg all lh& evldence that would be requlred In an audll, and Consequenlly no oplnlon Is glven as lo whether the aGGounts present Ifue and lair vlew ' and the report Is Ilmlled to those matters sel out In the slalements below. Indep•nd•nt •x•mlfi•e• otat•m•nt In connecllon with my exAminallon, no mailer has come to my alleniS0n'. 111 which gives me roasonablg Causo lo believe th81, in any material re8p8cI, lh6 reqviremenls - to keep accounilng records Sn ac¢ordanc8 wSih Secllon 386 and 387 01 the Companles Act 2006.. and to prepare accounts whlch accord wllh the accounilng recofds, comply with the a¢¢ounling requlrements of Se¢llono 394 and 395 of the Companles Act 2008 and wlth thè methods and pdnclpl88 of the Stslement of Recommended Pracllce., Accounting and Reportlng by Charllles havg not béen m•l', or 12) lo whlch, In my oplnlon, attanlion should b• drawn Sn order lo ènabl8 a propor understanding of th8 accounts lo bé ached, Vlol8ta Kolgegaj AAT S&V Bond accounlanis 48-6a Hylhe Stro01 Dartford, Kent DA1 1BX Oate..
REDEEMED CHRISTIAN CHURCH OF GOD, CITEL OF PRAISE. MANCHESTER STATEMENT OF FINANCIAL ACTivrriES YEAR END 31DECEMBER 2024 Unr•$trl¢t•d 2024 INCOMING RESOURCES Incomlng r•sources from g•nera(ed lunds Tlthe , offerin9 and other Income Gift Aid Claim Not•• 2023 64,981 RESOURCES EXPENDED CharttatAe Acllvllles Man8gemenllSupport Costs Govornancg Co818 49.996 20,716 23.601 5,325 TOTAL RESOURCES EXPENOED NET INcOMExpENDrrURE FOR THE YEAR £3,495 £638 RECONCIUATION OF FUNDS Prlor lf •dJu$tm•nt Total fund• brought fov#•rd TOTAL FUND CARRIED FORWARD None of the charity's actSvi15es were acqulred or discontinued during the yeer and Ihere were no roeognisod gains and lo$se$ for 2024 other than those Includod In the statement of linancl818CtlvltSes. Th• notes on p8ge$ 7 10 10 fomi part of Ih•so accounts.
REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER BALANCE SHEET YEAR ENO 31DECEMBER 2024 FIXED ASSETS Tanglblo 08$el6 CURRENT ASSETS Debtors Ca8h al bank and in hand CREDrroR8: du• wlthln on• y••r N•t Curr•nl A•8•t• TOTAL ASSETS LESS CURRENT UABIUTIES FUNDS: Unre8trfcled Funds 10 Th& flnanclal 81atemenls were approved by the Board of Trustee6 and were sSgned on behalf by.. Ol•dokun Kol•wol• Vl¢tor ITru•t•o1 D•t•: The noto$ on pago9 7 10 10 fomi part of the89 accounts.
REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAISE, MANCHESTER NOTE5 TO THE ACCOUNTS YEAR END 31DeceMBER 2024 1. ACCOUNllNG POLICIES Basis of prgparlng tho flnan¢lo1 itat•m•nt• Th8 financi41 statements have been prepared under historical cost convention and in accordance with the S181emenl of Recommended Practlce - Accounilng and Reporting by Charlll8s ISORP 2005} i86ued In MarGh 2005 and applicable a¢¢ounllng policies adopted in the preparation of lh8 financial 81at8men18 are as follows AGcountlng Gonventlon The finan¢ial stalem$nls havo b••n pr8pafod undor the historical cost convorslion, with thg èx¢eplion of Invoslmgnls which are included al market value, the Charllies AGI 2011 and th8 requirements of ihe Statement of Reoommended Pr8¢1ic8, Accounling 8nd Reporting by Charities Fln4n¢lal r•portlnq 8t4nd4rd numbor 1 Exemption ha$ been taken from preparing a cash Ilow slalemenl on the grounds Ih81 the charity qualifi08 a8 8 8mall eharfty. In¢omlng r•aour¢•# All incornlng r9sources are included on the Sialemenl of Flnancial Aclivblles when the ch8rlty Islegally enlilkd to Ihe income and tho 8mounl Can be qu8nlifi•d with reasonable accuracy. Tlth•• & OffgrSng$ Incom8 from lith8s and offèring8. 18 includ•d in Incomln9 r080urc08 wh•n thés8 aro racoivabl• Investment Income Investment incom cons1819 of nal inlor08t roc8Sved durfng the yoar and aceounlod for as unffj$lrlcl8d fund Ro•ourcg• •xp•nd•d Expenditure 18 accounted for on an ac¢ru818 basi8 and ha8 béon ¢la88ifiod undor h•ading8 that 8ggregalo ¢081 related lo lh8 category. Where cos15 cannot be dlrecily attrlbuted lo partlcular he8dlngs Ihoy have been allocated lo actlville$ on a basis ronsislenl wllh iho use ol ie50urGe$. Charitable aeliviliès Cos15 of charitable activilles are those costs le1¢ng lo the acllvldes carried out lo meet the oblectlv88 of the Church. Those includo both diroclty attributable co818 and apportloned 8UPPOrt co$ts. Gov•manc• co•t• Gov•rnanc8 cosls are the c0818 associated wllh th8 8tr818gic dlr8cUon of the organSsalion and wllh m•8ting regulatory r6sponslblllll89 Includlng apportloned support cost. Tanglbl• Ilx•d a8••ts Depreciallon Is provlded 91 the following annual rates In oidef to wrlle off each asset over lis esllmaled useful IK¢. Chur¢hlOffice EquSpmenls Molor vehicl88 25% reduclng balance 25Vo reducin9 balance Taxallon The charily is exernpl from corporation lax on its charitable acliviiies. Fund AcGountlng Unreslricled fund8 can be used in accordance wlth the charliable oblectiV88 8t the dig¢rellon of the Irusteeg. Rgslrlcled funds can only be used for partlcul8r restrlcled purposes wlthin the objects of th8 ¢haflty. R8sldctlons 8rfs• when speclfied by the donor or when funds are raSsod lor partlcular restricted purposes. Further expl8n8tlon ol tho nature and purpose of each Ss Included In the notes lo the flnanclal sl818manl$.
REDEEMED CHRISTIAN CHURCH OF GOD, CITADEL OF PRAJSE. MANCHESTER NOTES TO THE ACCOUNTS YEAR END 31DECEMBER 2024 2. VOLULTARY INCOME Tllho gfferlng and other income 02 2023 Total in¢oming resources 3. CHARITABLE ACTIVITIES Glfts & Dona15on$ Ministry 8xpons& Hospitallty Music Instrument8 Honorarlum Wages Welfare Mlssion Chlldren Church WEM Icentral Offico 8,411 3,295 2,720 5,709 3,000 16,372 4,252 4,150 3,519 2,069 2,809 1,353 850 1,807 12.550 1,184 979 23 4. SUPPORT COSTS: MANAGEMENT Premises. Rent and Rale$ Travel & Subslstence Offlce & Admlnlstratlve Repalrs and malnlenance Telephonemebslle Books 12,957 1,971 715 4,461 253 359 3.353 242 540 1,190 S. GOVERNANCE C08T ountancy
REDEEMED CHRISTIAN CHURCH OP GOD, CirEL OF PRAISE, MANCHESTER NOTES TO THE ACCOUNTS- CONTINUED YEAR END 31DECEMBER 2024 7. STAFF COSTS Th8ie wer8 no tru8188s' exp8ns8s paid for Ihe yaar •nded 31 Decamb6r 2024 for the prior yaar The costs of the remalnlng stsff were., Tru•teo1' oxpgn•oS There werg no InJstees' exponsos pold for the year ended 31 December 2024 8, FIXED SET8 Chur¢h10ffl¢0 Equlpm•nt• Molor v•hlcl• COST Al Isl January 2023 Additions Al 1 sl January 2024 19,840 709 19,840 DEPRECIATION Oponing Balance Chargo for tha year 25.549 25,549 NET 800K VALUE AS al 31 December 2024 g. CREDITORS . Amounts falllng du• aft•r on• y•ar Othor Cr•dilors
10 REDEEMED CHRISTIAN CHURCH OF OOD, CITADEL OF PRAISE. MANCHESTER NOTES TO THE ACCOUNTS YEAR END 31DECEM8ER 2024 10. MOVEMENTS IN FUNDS ncornin ource Unro8trl¢tod Fund• General Fund £75,997 £72,502 £3,495 Gener81 fund for Ihe year Prior y•8r adjuslmenl General fund brought foThvard £3,495 Total funds
11 REDEEMED CHRISTIAN CHURCH OF OOD, CITEL OF PRAISE, MANCHE8TER INCOME AND EXPENDITURE YEAR END 31 DECEMBER 2024 In¢omlng R•sour¢•s'. Voluntary Sncomo: Tllho$ & offerings Gwt ald Other incom Total InGomlng resources 64,981 11,016 29,022 RESOURCES EXPENDED: Charlt•bl• •ctlvltl••: Glfts & donations Mlnislry expense H08pitslily Muslc Honorarlum Wages Welfare Misslon Children Church WEM (Central OffiGe) 6,411 3.295 2,720 5,709 3,000 16,372 4,252 4,150 3,519 2,069 2,809 1.353 850 1,807 12,550 1,184 979 GOVERNANCE COST Accountancy Leg81 Co618 1.790 180 8UPPORT COSTS: MANAGEMENT PremSsos. Rgnt and Ralgs Travel & Subsistence Office & Adminlstratlve Rep81rs and maintenance T818phon8lWebsite 8ooks 12,957 1,971 715 4,461 253 359 3,353 242 540 1.190 Total r••ourG•• •xpond•d Not Surplu•