**RCCG Winners Place Aldershot**
**REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
**CHARITY NO: 1155120**
## **RCCG Winners Place Aldershot**
## **Financial Statements for the Year Ended 31 December 2024**
|**Contents**|**Page**|
|---|---|
|Legal and Adminstrative Information|1|
|Report of the Trustees|2|
|Independent Examiner's Reprot|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes forming part of the financial statements|7|
**RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2024**
## **REFRENCE AND ADMINISTRATIVE DETAILS**
|**Charity Name:**|RCCG Winners Place Aldershot|
|---|---|
|**Charity Registration Number:**|1155120|
|**Registered Office and**||
|**Operational Address:**|61 / 63 North Lane|
||Aldershot, Hampshire|
||GU12 4QF|
|**Trustees:**|Emmanuel Olatunbosun Olaoye|
||Babatunde Feyibunmi|
||Ikechukwu Stephen Akujuaobi|
||Oluremi Fagbayimu|
||Olumayowa Faniyi|
|**Accountants:**|TPC Consult (UK) Ltd|
||Unit A|
||82 James Carter Road|
||Mildenhall|
||IP28 7DE|
|**Bankers:**|Natwest Aldersot Branch|
**Page 1**
**RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2024**
## **REPORT OF THE TRUSTEES**
The Trustees, are pleased to present the annual report, for the purpose of Charities Act 2011, together with the Accounts for the period ended 31st December 2024. The Trustees have adopted the provisions of the Statement of Recommended practice “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual reports and financial statements of the charity.
## **STRUCTURE GOVERNANCE AND MANAGEMENT**
RCCG Winners Place Aldershot is a Charity, registered with Charity Commission on the 23rd December 2013
It is governed by its Trust Deeds and is managed by a Board of Trustees.
Decisions are determined by simple majority vote by the Trustees who set the strategic direction of the charity. Delegated authority has been given to the Pastoral Board and Management team for the day to day running of the operation of the charity.
Trustees are selected on the basis of the contribution that they will make towards the governance of the charity and the skills that they will contribute.
RCCG Winners Place Aldershot is a parish of the Redeemed Christian Church of God – a network comprised of churches all over the world.
## **OBJECTIVES AND ACTIVITIES**
The Charity’s objects are:
a. To advance the Christian faith worldwide
b. The relief of poverty.
## **STRATEGIES**
The Charity’s strategies for achieving these objectives were through key activities of providing a place of worship, Church, located at Aldershot, Community projects and welfare activities like, breakfast Morning Christian counselling and educational activities.
## **ACHIEVEMENTS AND PERFORMANE OF THE PUBLIC BENEFIT**
In the year under review we had over 30 volunteers who support the work of the charity and make invaluable contributions through various departments: Prayer group, men department, women department, children church, Youth church, drama group, evangelism group, counselling department, the music and choir department, media team, and community outreach group the following activities were carried out for public benefits.
Other achievements recorded is that the church employed the service of 2 Physical Security added to the security cameras installed in the building, this is to make vehicular movements smooth during service.
The church also, started two services on sunday in order to give members of the church flexibilty with cho of service so as to accommodate every body.
The women of assignment arm of the church service had a glorious conference in the month of June. Wom from various faith in the community and far were in attendance and were greatly impacted. The church annual community "church at the park" was held in August bringing most of the people in the community, both young and old, white and black came together to fellowship, eat and drink, engaged in counselling and mentoring of people that needed such.
## **RISK MANAGEMENT**
The Trustees have conducted a review of the major risk which the charity is exposed. A risk register is established which identifies the major risks by type of activity, the nature of those risks, the likelihood of the risks occurring and the measure taken to manage them. The Trustees review the risk register from time to time during their meetings and are satisfied that systems are in place to manage identified risks. In particular, insurance cover is in place. Appropriate Disclosure and Barring Checks (DBS) supported by regularly reviewed policies are in place for those who work with children and vulnerable adults. Internal control risk are minimised by procedure which are in place to ensure authorisation of all transactions and projects. Procedures are in place to ensure the Health and safety of staff, volunteers, and visitors to the charity.
**Page 2**
**RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2024**
## **REPORT OF THE TRUSTEES**
## **FINANCIAL REVIEW**
Total incoming resources for this period was £146775 in unrestricted fund and the total outgoings was £157278 leaving a deficit of £10503 The Trustees consider the need for the charity to hold reserve (unrestricted fund, and not represented by fixed asset) equivalent to one month expenditure in order to ensure the ongoing delivery of its charitable objects during time of unforeseen down turn in income. The Trustees acknowledge that in the year under review the charity was able to meet this need and that the charity should aim to improve and look at other sources to generate income to continue to meet its need.
## **PLANS FOR FUTURE PERIOD**
The church want to add to the existing foodbank, Hot meal and soup for the community around the The Mayor of Rushmoor and the Mayoress plan to visit the church to familarise her self with the people of faith in her community. The church also desire to organise YAYA Group which is called Youth and Young Adult, the aim is to gather together youth and young adults in the community to help discover, harness and develope their God given talents, skills and abilities so has to fulfill their potentials. The church also desire to estab a youth church which will be headed by a youth Pastor .The church building will also be hire for small group meetings, conferences and community meetings.
## **TRUSTEES’ RESPONSIBILITIES STATEMENT**
The Trustees are responsible for preparing the Trustees Report and the Financial Statements in accordance with appropriate accounting standards. (United Kingdom Generally Accepted Accounting Practice).
Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as at the balance sheet date and of its incoming resources and applications of resources for the financial year. In preparing those financial statements the Trustees should follow best practice and:
- Select suitable accounting policies and then apply them consistently;
- Observe the methods and principles in the Charities SORP
- Make judgements and estimates that are reasonable and prudent
· Prepare the financial statements on the ongoing basis unless it is inappropriate to presume that the charity will continue on that basis.
The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statement comply with 2011 Charity Act. 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 irregularities
## **MEMBERS OF THE BOARD OF TRUSTEES**
Members of the Board of Trustees who served during the year and up to the date of this report, are set out on page 1.
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information of which the charity's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information.
## **Approval**
This report was approved by the board of Trustees and signed on their behalf by:
Mr Stephen Ikechukwu Akujuaobi Position: Trustee Date: 17th July 2025
**Page 3**
**RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2024**
## **INDEPENDENT EXAMINERS REPORT**
Independent Examiner's Report to the Trustees of RCCG Winners Place Aldershot.
I report on the accounts of the above Charity for the year ended 31 December 2024 set out on pages 5 to11.
## **Respective responsibilities of trustees and independent examiner**
The Trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act
- to follow the procedures laid down in the general Direction given by the Charity commission
- (under section 145(5)(b) of the 2011 Act, and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with general directions given by the Charity 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:
1. 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 2011 Act; and
- To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
2. To which in our opinion, attention should be drawn in order to enable a proper understanding of
the accounts to be reached.
Signed: Date: 17th July 2025 C. John-Musa FFA FIPA TPC Consult (UK) Ltd Unit A 82 James Carter Road Mildenhall IP28 7DE
**Page 4**
**RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2024**
## **STATEMENT OF FINANCIAL ACTIVITIES**
|**Notes**
**Incoming resources**
**Incoming resources from generated funds:**
_Voluntary Income:_
Donations and Offerings
2
Activities for generating funds:
Investment income
**Total incoming resources**
**Resources expended**
**_Cost of generating funds_**
Costs of generating voluntary income
3
Charity activities
4
Governance and other cost
5
**Total resources expended**
**Net income / expenditure before other**
6
**recognised gains or (losses)**
Other recorgnised gains or (losses)
**Net movement in funds**
**Reconciliation of Funds**
**Transfer between funds**
Total funds brought forward
14
Adjustment to 2020 accounts
**Total funds carried forward**
14|**2024**
**2023**
**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
£
146,775
-
146,775
182,966
-
-
-
-|
|---|---|
||**146,775**
**-**
**146,775**
**182,966**|
||37,148
-
37,148
36,871
87,556
-
87,556
82,069
32,574
-
32,574
22,347
-|
||**157,278**
**-**
**157,278**
**141,287**|
||10,503
-
-
10,503
-
41,679
-
-
-
-|
||**10,503**
**-**
**-**
**10,503**
**-**
**41,679**
225,930
-
225,930
184,250|
||**215,426**
**-**
**215,426**
**225,930**|
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
The notes on Pages 7 to 11 form part of these Accounts.
**Page 5**
## **RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2024**
## **BALANCE SHEET AS AT 31 DECEMBER 2024**
|**Notes**
**Fixed assets**
Tangible assets
274069.36
**9**
-
**Currents assets**
Cash at bank and in hand
**10**
Debtors
**11**
Creditors:
Amounts falling due within one year
**12**
**Net Current Assets**
Creditors:
Amount falling due after one year
**13**
**Net Assets**
**Funded by:**
General funds
**14**
**Total funds**|**Unrestricted Restricted**
**2024**
**2023**
**£**
**£**
**£**
**£**
274,069
274,069
270,117
59,531
-
59,531
74,851
13,125
-
13,125
16,582|
|---|---|
||72,657
-
72,657
91,433
8,648
-
8,648
8,647|
||64,009
-
64,009
82,786
122,652
-
122,652
126,972|
||**215,426**
**-**
**215,426**
**225,930**|
||215,426
-
215,426
225,930|
||**215,426**
**-**
**215,426**
**225,930**|
We approve the Financial Information which comprises the Statement of Financial Activities, the Balance Sheet and the related Notes.
We acknowledge our responsibility for the Financial Information including the appropriation of the applicable Financial Reporting framework as set out in the Notes.
Signed: Mr Ikechukwu S. Akujuaobi 17th July 2025 Position: Trustee Date of Approval
**Page 6**
**RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2024**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS**
## **1. Accounting Policies**
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
## **(a) Basis of Accounting**
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial reporting standard for smaller entities, the charity Act 2011 and the requirement of the Statement of Recommended Practice, Accounting and reporting by Charities
## **(b) Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Unrestricted funds may include a revaluation reserve representing the restatement of investment assets at market values where applicable. Designated funds are unrestricted funds earmarked by the Trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
## **(c ) Incoming Resources**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receiveable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity , are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified The value of services provided by volunteers has not been included in these accounts.
Invested income is included when receivable.
Incoming resources from charitable trading activity are accounted for when earned.
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
## **(d) Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estmated usage.
**Page 7**
**RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2024**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS**
## **e. Tangible Fixed Assets and Depreciation**
Fixed assets (excluding investments) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £1000 are not capitalised.
## **Depreciation**
Depreciation is provided at rates calculated to write off the cost of each asset, less their estimated residual value over its expected useful life.
Land and Building 2% on cost Musical Equipment 25% on cost Motor vehicle 30%, on a reduing balance Office Equipments 25% on cost
Investments held as fixed assets are revalued at mid market value at the blance sheet date and the gain or loss taken to the Statement of Financial Activities.
|**2. Voluntary Income**
Tithes
Offering
Thanksgiving
Gift Aid
Investment
Other income|**Unrestricted**
**Restricted**
**2024**
**2023**
**Total**
Total
**£**
**£**
**£**
**£**
96,400
-
96,400
95,796
22,431
-
22,431
13,856
2,440
-
2,440
1,875
-
-
-
53,582
-
-
-
-
25,504
-
25,504
17,858|
|---|---|
||**146,775**
**-**
**146,775**
**182,966**|
|**Resources Expended**
**3. Cost of generating voluntary income**
Utilities
Equipment Accessories
Insurance
Telephone
Printing and Stationary
Repairs and Maintenance
Sundry
Other|**Unrestricted Restricted**
**2024**
**2023**
**£**
**£**
**£**
**£**
5,718
-
5,718
5,405
5,326
-
5,326
6,689
2,973
-
2,973
4,451
3,325
-
3,325
3,652
2,281
-
2,281
692
12,663
-
12,663
4,435
-
-
-
-
4,862
-
4,862
11,547|
|---|---|
||**37,148**
**-**
**37,148**
**36,871**|
## **4. Charitable Activities**
|World Evangelical Mission
Gifts and Donation
Central Office Fund
Training and Books
Honorarium
Travel and Subsistence
Welfare
Conference and Events
Ministry Expenses
Motor Vehicle cost
Ministers allowances & Staff Cost
Music & Media
Feeding the Needy Project
Refreshment|**Unrestricted Restricted**
**2024**
**2023**
**£**
**£**
**£**
£
10,440
-
10,440
9,085
3,781
-
3,781
9,335
600
-
600
600
1,839
-
1,839
2,336
6,370
-
6,370
2,240
13,243
-
13,243
9,683
3,613
-
3,613
7,037
6,626
-
6,626
13,336
-
-
-
1,090
5,495
5,495
29,067
-
29,067
22,245
4,535
-
4,535
2,806
-
-
-
2,274
1,948
1,948
-|
|---|---|
||**87,556**
**-**
**87,556**
**82,069**|
**Page 8**
## **RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2024**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS**
## **5. Governance Cost:**
|**Professional Cost**
Accountancy
Legal and professional fees
**Support Cost**
Depreciation - Motor vehicle
Depreciation - Building
Depreciation - Equipment
Depreciation - Office Equipment
**Finance cost**
Loan interest
Bank Charges
**Total Resources expended**
**6. Net Incoming Resources for the Year**
This is stated after charging:
Depreciation
Accountant's Remuneration
**7. Staff Costs**
Management Committee did not receive remuneration
Salaries and Wages paid to employees
The average number of Employees
**8. Taxation**|**Unrestricted Restricted**
**2024**
**2023**
**£**
**£**
**£**
**£**
700
-
700
700
2,615
-
2,615
2,366|
|---|---|
||**3,315**
**-**
**3,315**
**3,066**|
||**Unrestricted Restricted**
**2024**
**2023**
5438
-
5,438
7769
6,100
-
6,100
6,100
945
-
945
945
5,479
5,479
-|
||**17,962**
**-**
**17,962**
**14,814**|
||11,296
-
11,296
4,467
-
-
-
-|
||**11,296**
**-**
**11,296**
**4,467**|
|||
||**157,278**
**-**
**157,278**
**141,287**|
||**2024**
**2023**
**£**
**£**
17,962
14,814
700
700
**2024**
**2023**
13,498
-
1
-|
As a charity, RCCG Winners Place Aldershot is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the Charity.
**Page 9**
**RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2024**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS**
## **9. Tangible Fixed Assets**
|**COST**
At 1 January 2024
Additions in period
At 31 December 2024
**DEPRECIATION**
At 1 January 2024
Charge in period
At 31 December 2024
**NET BOOK VALUE**
At 31 December 2024
NET BOOK VALUE
At 31 December 2023
**10. Cash at Bank and at hand**
Cash at bank
**11. Debtors: Amounts falling due within on**
Debtors|**Land &**
**Office**
**Musical**
Motor
**Total**
**Building**
**Equipments Equipment**
Vehicle
**£**
**£**
**£**
**£**
**£**
305,000
21,915
3,781
25,895.00
356,591
-
-
-
-
-|**Land &**
**Office**
**Musical**
Motor
**Total**
**Building**
**Equipments Equipment**
Vehicle
**£**
**£**
**£**
**£**
**£**
305,000
21,915
3,781
25,895.00
356,591
-
-
-
-
-|
|---|---|---|
||305,000|21,915
3,781
25,895
356,591|
||54,900
6,100|-
1,891
7,769
64,560
5,479
945
5,438
17,962|
||61,000|5,479
2,836
13,207
21,522|
||244,000|16,436
945
12,688
274,069|
||250,100|-
1,891
18,126
270,117|
||**e year**|**2024**
**2023**
**£**
**£**
**£**
£
59,531
-
59,531
74,851|
|||**59,531**
**-**
**59,531**
**74,851**|
|||**2024**
**2023**
**£**
**£**
**£**
**£**
13,125
-
13,125
16,582|
|||**13,125**
**-**
**13,125**
**16,582**|
**Page 10**
**RCCG Winners Place Aldershot Financial Statements for the Year Ended 31 December 2024**
## **NOTES FORMING PART OF THE FINANCIAL STATEMENTS**
## **12. Creditors: Amounts falling due within one year**
|Accruals
Mortgage Loan repayment|**2024**
**2023**
**£**
**£**
700
700
7,948
7,947
-
-|
|---|---|
||**8,648**
**8,647**|
## **13. Creditors: Amount falling due after one year**
|Mortgage Loan
**14. Movements in Funds**
**Unrestricted Funds:**
General Funds
**Restricted Fund:**
**Total Funds**|**2024**
**2023**
**£**
**£**
122,652
126,972
-
-
**122,652**
**126,972**
**At 1st**
**At 31**
**January Movement**
**Transfers**
**December**
**2024**
**in Fund**
**2024**
**£**
**£**
**£**
**£**
225,929
10,503
-
-
215,426
-
-
-
**-**|**2024**
**2023**
**£**
**£**
122,652
126,972
-
-|
|---|---|---|
|||**122,652**
**126,972**|
||**225,929**
**10,503**
**-**
**-**
**215,426**||
## **15. Trustees Remuneration and Benefits**
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
## Trustees' Expenses
There were no trustees' expenses paid neither for the year ended 31 December 2024 nor for the year ended 31 December 2023.
**Page 11**