The Redeemed Christian Church of God- City of Truth Report and Accounts 3111212024 Charity number.. 1153958
The Redeemed Christian Church of God - City of Truth Report and Accounts 3111212024 Contents Charity Inforn]ation Trustees Annual Report 24 Independent Examiner's Report Statement of Financial Activities Balanc¢ Sheet Notes to the Financial Statements
The Redeemed Christian Church of God - City of Truth Report and Accounts 3111212024 Charity Information Trustees: Pastor Nathaniel Ogundipe Pastor Kolawole Oyedele Pastor Olutoyin Taiwo Bankers: Natwcst Bank plc 1035 Oldham Road Newton Heath Manchester M40 2NW AeLM)Untants and Independent Examiner: G A Harris & Co Ltd Brulimar House Jubilee Road Middleton Manchester M24 2LX Charity Number: 1153958
The Redeemed Christian Church of God - City of Truth Report and Accounts 3111212024 Trustees Annual report The Trustees have pleasure in presenting their rew)rt and the unaudited financial ststements of the charity for the year ended 3111212024. Trustees: The following persons served as trustees during the year. Pastor Nathaniel Ogundipe Pastor Kolawole Oyedele Pastor Olutoyin Taiwo There is no Chief executiv¢ officer and the day-to-day affairs of the charity are undertaken by Pastor Adekunle Adekola on behalf of th¢ trustees. All major decisions ar¢ taken collectively by the trustees and all of the trustees give of their tim¢ freely. The trustees are unpaid and details of any related party transactions are disclosed as applicable in the notes to th¢ accounts. Structure, GoverDAn¢e and Management: The Redeemed Christian Church of God - City of Truth is governed by a trust deed dated 0610812013. It was registered as a charity on 2510912013 and the charity number is 1153958. Recruitment and appointment of new trustees would be in line with the trust deed and with the consent of the trustees. The criteria set for th¢ suitable ¢andidate would be someone who is sensitive to the needs and demands of the organisation. Risk Review: The trustees have assessed the risks to which the charity is exposed, in particular those related to the operations and finances of the trust, and are satisfied that systems are in place to manage this. Objectiv&8 and Activities: The objects of the charity are: l. The advancem¢nt of th¢ Christian faith worldwid¢. 2. The relief of poverty.
The Redeemed Christian Church of God - City of Truth Report and Aceounts 3111212024 Trustees Annual report (continued) Public Benefit: The trustees confirm that they hav¢ r¢f¢rred to the guidance Contained in the Charity commission's general guidance to public b¢n¢fit and in particular to its supplementary public benefit guidance on advanclng education when reviewing the charity's aims and objectives and in planning future activities and setting grant making policy. Grant Making Policy: The charity is funded by donations. The charity gives out grants in line with th¢ above objects as appropriate. Achievements and Performanee: The charity received £115,926 in donations during the year and had Charitable & Governance costs of £6 I,905 leaving a Net Surplus of £54,021. There w¢r¢ no investments made during the year. Financial Review: The trustees feel that th¢ charity was successful in meeting its aims. Th¢ trustees would like to record thelr appreciation for all the fjnancial support received trom benefactors during the year. Reserves Policy: The trustees are satisfied that the balance of the unrestricted fund Rs at an acceptable level given the nature of revenue receipts against grants payabl¢. Responsibilities of the Trustees: The trustees are responsible for preparing the trustees annual report and the financial ststements in accordance with applicable law and United Kingdom Accounting Standards (UKGAAP).
The Redeemed Chrlstian Church of God - City of Truth Report and Accounts 3111212024 Trnstees Annual report (continued) The trustees are responsible for preparing the Report of the TnLStees and the fmancial statements in accordance with applicable law and Unit¢d Kingdom Geuernlly Accepted Accounting Practice. The law applicable to charities in England and Wales, the Clwities Act 2011, and the provisions of the tn]st deed requires the trustees to prepare financial statements for each financial year which giv¢ a tru¢ and fair view of the stste of affairs of the cbarity and of the incoming resources and application of resources, including the income and expenditUTe, of the chaTity for that year. In preparing those financial statements, the tneS are required to select suitable accounting policies and then apply them consistendy; observe the niethods and prIncleS in the Charity SORP. make judgments and estimates that are reasojyable and pruden¢ prepare the fiJ]aDcial statements on the going concern basis unless it is inappropriate to presume that the charity will continue i business. The trustees are responsible for keeping proper accounting records vA]ich disclose with reasonable accuracy at any time the fmancial Position of the charity and to enable them to ensure that the fmancial ststemcnts comply with thc Charities Act 2011 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other iTregulaTities. The trustccs are responsible for the maintenance and integrity of the COTporate and financial infonnation included on the Charity Commission website. Legislation in the United Kingdom governing the preparation and disseIDation of f]nancial statements may differ from legislation in other jurlsdictions. IndepeDdent Examiner: Mr G A Harris has been Te•appoillted as iJ)dependent examiw for the ensuing year. This report was approved by the board on 29 August 2025 and signed on behalf of the tntee$ Pastor Nathaniel Ogun(h'pe 2910812025
The Redeemed Christian Church of God - City of Truth Report and Accounts 3111212024 Independent Examiner's Report I report on the accounts for the Year Ended 31 December 2024 set out on pages four to eh1. Respe¢tlv• rosponslbllltles oftrustees and examlner The charitys trustees are responsible for the preparats.on of the accounts. The chanty's trustees consider that an audit is not required for this period (under Section 14412) of the Charities Act 2011 {the 2011 Actll and that an independent examination is required. It 1$ my responsibility to: examine the accounts under Section 145 ofthe 2011 Act to follow the prOdureS laid do In the General Directions given by the Charity Commission (under Section 14515llbl ofth8 2011 Act).. and lo $tste whether particular matters have come to my attention. Basls of th• Ind•pendent examln•fs report My Oxamination was carried out in accordancé with the General Dir8Ctions given by the Charity Commission. An examination includes a revi8w of th8 accounting records kept by the charity and a comparison of thè accounts presented with those records. It also includes consideration of any unusual ttèms or disclosures in the accounts. and seeking explanations from you a$ trustees Conrning any such matters. The procedures undertaken do not provide all the ev*Jen that would be required in an audit, and consequenlly no opinion is given as to whether the accounts present a'true and fair vièw, and the report is limitedto those matters set out inthe $ernents below. Indgp9ndent exarninorf5 Statewt In connection viith my examination. no matter has corne lo my attention.. {1) which give5 me reasonable ¢ause to believe that. in any matenal respect, the requirements to kèep accounting records in accordance with Section 130 of Ihg 2011 Act,. and to prepare accounts vthich accord with the accounting record8 and to Comply with the accounting requirements ofthe 2011 Act have not been met., or <2) to which, in my opinion, attention should be dravffl in order to enable a proper understanding ofthe accounts to be reached. Gary A Harris GAHarrisaCoLtd Chartered Accountants & Registered Auditors Brulimar House Jubilee Road Middleton Manchester M24 2LX Date: 29th ALb3USt 2025
The Redeemed Christian Church of God - City of Truth Report and Aceounts 3111212024 Statement of Financial Activities 2024 2023 Incoming resources Incoming resources from generating funds Voluntary income Grants £115,926 £90,916 Total incoming resources £115,926 £90,916 Resources expended Charitable Activities Govemance costs £45,444 £16,461 £31.741 £15,106 Total resources expended £61,905 £46,847 Net surplus for the year £54,021 £44,069 The statement of financial activities include all gains and losses in the year and therefore a statement of total recogniscd gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 8 & 9 forn) part of these accounts
The Redeemed ChrigdAn Chureh of God- City of Truth Report and Accounts 3111212024 Balance Sheet 2024 2023 Fixed Assets Tangible Assets £7,465 £7,385 Current Assets Debtors Cash at bank and in hand £20.818 £181438 £202,256 £14,882 £133 433 £148,315 Creditors (amom]ts falling due within onc year) (£720) (£720) Net current &ssets £201,536 £147,595 Net assets £209,001 £154,980 Unrestricted fill)ds £209,001 £154,980 Total funds £209,001 £154,980 The fujancial statements were approved by th¢ Board of Tnte¢S on 2910812025 and were signed on its beldf by: ON BEHALF OF THE BOARD: Pasto 2910812025 The notes on pages 8 & 9 fonn pl of these accounts
Tbe Redeemed Christian Church of God - City of Truth Report and Accounts 3111212024 Notes to the Financial Statements Accounting Policies The filn¢la1 statements have been prepared under the historical cost convention and in ac¢ordance with the statement of rQMMended practice: Accounting and RepK)rting' by charities preparlng their a¢¢ounts in a¢¢ordan¢e WAth the Financial R¢porting Standard applirabl¢ in the UK and Republi¢ of Ireland (FRS 102) issued on 16 July 2014 and with the Charities A¢t20II. Donations Donation$ a included in the year in which they ar¢ r¢ceivibl¢. whi¢h is wh¢n th¢ ¢haTity becomes ¢ntitl¢d to the resourc¢. Resourc¢$ expended All ¢xp¢nditure is cOUnted for on an ¢rual basis. Charitsble exp¢nditur¢ includes all ¢Apenditure directly relat¢d to the obje¢ts of the Charity in accorda¢ with the SORP. The charity AS tK)t vat r¢gistered and expenditur¢ is shown gross or irrecoverable vaL Fund accounting Unrestricted funds are those available for use for general purp)ses at the discretlOD of the clwity trustees in furtherance of the charity's objects. VOLUIYTARY INCOME 2024 2023 Tithe5 & Offering Glft Aid Clalm & Interest 95,108 20,818 76,034 14.882 Grants DIRECT COSTS 2024 £45,444 DJREcf COSTS 2023 £31,741 CHARITABLE AcfiviTIES COSTS Resources expended on charitable activities GOVERNANCE COSTS Rent and Rat¢s Telephone Printin& postage and station¢ry R¢pairs and maintenance A¢¢ountan¢y fees Sundry Expenses Light & Heat Softwar¢ D¢preciation Insurance 9.132 539 7,280 489 345 1,210 480 481 2,319 184 1.847 471 480 481 2.044 1.867 609
The Redeemed Christian Church of Cod - City of Truth Report and Accounts 3111212024 Notes to the Financial Statements S. Taxation The Redeemed Christian ChuTch of God- City of Truth is a registered charity and therefore is not liable to income tax or corporation tsx on income derived from its charitable activities, as it falls within the various exemptions available to registered charities. 6. Tangible Fixed Assets Cost Additions At 31° December 2024 £17,829 £1,947 £19 776 Depreciation at I" January 2024 Dcpreciation in Year At 31 ' December 2024 £10,444 £1,867 £12311 Net Book Value as of 3 1112124 Net Book Value as of 31112123 7. Trade Debtors 2024 £20,818 £20,818 2023 £14,882 £14J82 Gift Ala Total Debtors 8. Credltors (amounts falling due withln one year) Ac¢ountancy 2024 £720 2023 £720 Aeeumulated Funds 2024 £154,980 Balance brought forward Net surplus for the year £54,021 Balance carried forward £209,001