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← The Redeemed Christian Church Of God, Trinity Zone

2024-12-31-accounts

Charity no: 1155518 Company no 8850407

REDEEMED CHRISTIAN CHURCH OF GOD TRINITY ZONE

Annual Reports and Accounts

Period: Jan - Dec 2024

Prepared by DTT Consultancy Ltd

REDEEMED CHRISTIAN CHURCH OF GOD TRINITY ZONE

CONTENTS

Reference and administrative details of the charity 3
Directors' report 4 - 7
Independent Examiners Report 8
Statement of financial activities 9
Balance sheet 10
Notes to the financial statements 11 - 15

REDEEMED CHRISTIAN CHURCH OF GOD TRINITY ZONE

Administrative Information

Financial Statement for the year ended 31 December 2024

Registered Charity Number: 1155518
Minister in Charge Pastor Femi Akingbade
Board of Trustees Abimbola Oyedele
Adeola Akingbade
Ayanyemi Kola-Ayanowo
Charity Okorefe
Edith Ezekwe
Registered Office: 7 HOMESTEAD WAY
NEW ADDINGTON
CROYDON
CR0 0BG
Independent Examiner: Tunji Ogedengbe
36 Daffodil Close
Hatfield
Herts
AL10 9FF

Page 3

REDEEMED CHRISTIAN CHURCH OF GOD TRINITY ZONE

TRUSTEES' REPORTS FOR THE YEAR ENDED 31 DECEMBER 2024

The Trustees present their annual report together with the financial statements of The Redeemed Christian Church of God Trinty Zone (the charity) for the ended 31 December 2024. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

a. CONSTITUTION

The church is constituted under a Trust Deed dated 6th Feb 2001

b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

The management of the charity is the responsibility of the Trustees who are appointed and co-opted under the terms of the Trust deed.

c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES

The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Minister in Charge on the powers and responsibilities of the Trustees.

d. ORGANISATIONAL STRUCTURE AND DECISION MAKING

The church is organised so that the trustees meet regularly to manage its affairs. The day to day administration of the church is managed by the parish pastor and volunteers.

e. RELATED PARTY RELATIONSHIPS

Trinity Zone parish is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes".

f. RISK MANAGEMENT

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

g. GRANT MAKING POLICY

The church supports visiting ministers of the gospel both within and outside the United Kingdom. Support is also given to RCCG Central Office, World Evangelism Mission, Festival of Life and other RCCG programmes.

The church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The church gives occasional grants to congregational members who are in need.

Page 4

REDEEMED CHRISTIAN CHURCH OF GOD TRINITY ZONE

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The objectives of the church are:

Each year our trustees review our objectives and activities to ensure they continue to reflect our aims.

In carrying out this review the trustees have considered the Charity Commission’s general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.

b. STRATEGIES FOR ACHIEVING OBJECTIVES

The church has adopted the following strategies for achieving the above objectives:

and provision of care and support for the needy as appropriate;

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

d. VOLUNTEER MANAGEMENT

The church is grateful for the unstinting efforts of its volunteers who are involved in service provision, office work and administration.

e. INVESTMENT POLICY AND PERFORMANCE

The trustees have decided that at present, funds should be retained in bank. Any change in such banking arrangements should be agreed by the board. As far as possible, funds will be retained in interest bearing accounts.

f. VULNERABLE BENEFICIARIES

The church works with vulnerable groups including children and make sure users are safe and protected from harm. Volunteers, employees and trustees have the right checks and assessments before they can work with a church. Find out how charities can protect their users. Safeguards are in place to protect vulnerable people from abuse, and prevent abuse happening in the first place.

g. CONFLICT OF INTERESTS

No trustee is in a position where their duty as a trustee will be conflict with any personal interest they may have.

h. COMPLAINTS HANDLING

We are committed to ensuring that people have all necessary support required to make a complaint. Complaints are accepted verbally or in writing, and can be formal or informal.

Anyone wishing to make a complaint will be provided with a Complaints Handling Statement, which summarises how a complaint about our service can be made.

Page 5

REDEEMED CHRISTIAN CHURCH OF GOD TRINITY ZONE

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

ACHIEVEMENTS AND PERFORMANCE

a. REVIEW OF ACTIVITIES

The principal activity of the organisation continues to be:

Propagation of the Gospel according to the teaching of JESUS CHRIST

The church was involved in one notable charity work in our community.

Page 6

REDEEMED CHRISTIAN CHURCH OF GOD TRINITY ZONE

TRUSTEES' REPORTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2024

FINANCIAL REVIEW

a. RESERVES POLICY

Members of the church have been generous this year. The statement of the financial activities shows net deficit for the year of £11,872 and our net asset stand at £ 28,891.

The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding.

b. PRINCIPAL FUNDING

This is provided mainly through voluntary tithes and offerings by the church members.

PLANS FOR THE FUTURE

a. FUTURE DEVELOPMENTS

We are hoping to acquire a building of our own and we are also praying that God will help us establish another parish with its own place of worship.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. 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.

This report was approved by the Trustees on 14th July 2025 and signed on their behalf, by:

Abimbola Oyedele

Page 7

Independent Examiner's Report to the Trustees of REDEEMED CHRISTIAN CHURCH OF GOD TRINITY ZONE For the year ended 31 December 2024

I report on the accounts for the year ended 31 December 2024 set out on pages four to nine. Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) are responsible for the prepa the accounts. The charity's trustees consider that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of FCCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the 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 pr with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seekin explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all th evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts pre 'true and fair view ' and the report is limited to those matters set out in the statements 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

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Tunji Ogedengbe 36 Daffodil Close Hatfield Herts AL10 9FF

Date: 14th July 2025

Page 8

RCCG REDEEMEDCHRISTIANCHURCH OF GOD TRINITY ZONE REDEEMEDCHRISTIANCHURCH OF GOD TRINITY ZONE REDEEMEDCHRISTIANCHURCH OF GOD TRINITY ZONE REDEEMEDCHRISTIANCHURCH OF GOD TRINITY ZONE REDEEMEDCHRISTIANCHURCH OF GOD TRINITY ZONE 1155518
Annualaccountsforthe period
Period start date 1st Jan 2024 To Period end date 31st Dec 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
Gift aid
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
Total funds carried forward
Total funds brought forward
Net movement in funds
Net incoming/(outgoing) resources before
transfers
Prior Year Adjustment
Gains and losses on revaluation of fixed assets
for the charity’s own use
Other recognised gains/(losses)
Net incoming/(outgoing) resources before
other recognised gains/(losses)
Gross transfers between funds
Total resources expended
Total incoming resources		 Unrestricted
funds
Restricted
income
funds
Endowment funds
Total this year
Total last
year
£
£
£
£
£
F01
F02
F03
F04
F05
- - - - -
39,142 - - 39,142 39,825
- - - - -
- - - - -
- - - - -
- - - - -
39,142 - - 39,142 39,825
- - - -
47,175 - - 47,175 40,454
- - - - -
- - - - -
3,838 - - 3,838 3,300
- - - - -
- - - - -
51,013 - - 51,013 43,754
11,872
-		 - - 11,872
-		 3,929
-
- - - - -
11,872
-		 - - 11,872
-		 3,929
-
- - - - -
- - - -
11,872
-		 - - 11,872
-		 3,929
-
40,763 - - 40,763 44,692
28,891 - - 28,891 40,763

Page 9

Section B Balance sheet AS AT 31 DECEMBER 2024

Fixed assets
Tangible assets (Note 9)
Investments (Note 10)
Total fixed assets
Current assets
Stock and work in progress
Debtors (Note 11)
(Short term) investments
Cash at bank and in hand
Total current assets
Creditors: amounts falling due within
one year (Note 12)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due after
one year (Note 13)
Provisions for liabilities and charges
Net assets
Funds of the Charity
Unrestricted funds
Restricted income funds (Note 14)
Endowment funds(Note 15)
Total funds
Signed by		 Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last year
£
£
£
£
£
F01
F02
F03
F04
F05		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
Total this
year
Total last year
£
£
£
£
£
F01
F02
F03
F04
F05
735 - - 735 4,896
- - - - -
- - - - -
735 - - 735 4,896
- - - - -
11,531 - - 11,531 11,531
- - - -
16,875 - - 16,875 24,586
28,406 - - 28,406 36,117
250 - - 250 250
28,156 - - 28,156 35,867
28,891 - - 28,891 40,763
- - - - -
- - - - -
28,891 - - 28,891 40,763
28,891 28,891 40,763
- -
- - -
- - -
28,891 - - 28,891 40,763
Date of
approval
Print Name
Signature
Abimbola Oyedele 14/07/2025

Page 10

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:

• and with*  Accounting Standards;

or Financial Reporting Standards for Smaller Enterprises (FRSSE);

[** except for the following].

Give details in this box if a different standard has been followed.

** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

Page 11

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)
related expenditure the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations Grants and donations are only included in the SoFA when the charity has unconditional
entitlement to the resources.
Tax reclaims on donations Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts which they relate.
Contractual income and This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.
Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
distributed by the charity.
Gifts in kind for use by the charity are included in the SoFA as incoming resources when
receivable.
Donated services and These are only included in incoming resources (with an equivalent amount in resources
facilities 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 is included in the accounts when receivable.
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.
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.
Grants with performance Where the charity gives a grant with conditions for its payment being a specific level of service
conditions or 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.
Grants payable without These are only recognised in the accounts when a commitment has been made and there are
performance conditions no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs Support costs include central functions and have been allocated to activity cost categories on a
basis consistent with the use of resources, eg allocating property costs by floor areas, or per
capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use
These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity are valued at cost or a reasonable value on receipt.
Investments Investments quoted on a recognised stock exchange are valued at market value at the year
end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress These are valued at the lower of cost or market value.

Page 12

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
Voluntary income		 Analysis This year
Last year
£
£		 This year
Last year
£
£
Offering,Tithes and Thanksgiving 39,142 39,825
Gift Aid
Other - -
Total 39,142 39,825
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total - -
- -
- -
- -
- -
- -
Total - -

Page 13

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
Governance costs
Charitable activities
Fundraising trading
costs		 Analysis This year
Last year
£
£		 This year
Last year
£
£
Rent 29,353 23,864
Depreciation 4,161 4,161
Website - 400
Stationery,Printingand Posting 145 538
Pastor's Allowance 7,560 6,300
Building - 280
Conferences 302 2,920
Council Tax/ Rates 1,614 1,524
Welfare 500 -
Music equipment 650 -
Hospitality 142 -
Outreach 930 140
Office Expenses 132 128
Professional Fees 900 -
Training 193 -
Utilities 246 200
Insurance 130 -
Travel 218 -
Total 47,175 40,454
- -
- -
- -
- -
- -
Total - -
Donations & Gifts 1,000 1,000
Regional Levy 500
WEM 1,920 1,920
COF 300 300
Evangelical/Carnival 118 80
Total 3,838 3,300
- -
- -
- -
Total - -
Overall Total 51,013 43,754

Page 14

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.

support 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

This year Last year
£ £

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).

Other fees (for example: advice, consultancy, accountancy
services) paid to the independent examiner or auditor
Independent examiner’s or auditors' fees for reporting on the
accounts		 This year
£		 Last year
£
250 250

Page 15

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

9.1 Cost or valuation
Freehold land
& buildings
Other land &
buildings
Plant,
machinery
and motor
vehicles
Fixtures,
fittings and
equipment
Payments on
account and
assets under
construction
Total
£
£
£
£
£
£
Balance brought
forward
- 10,672 - 5,971 - 16,643
Additions
- - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers
- - - - - -
Balance carried
forward
- 10,672 - 5,971 - 16,643
Basis*
SL or RB
SL or RB
SL or RB
SL or RB
SL or RB
 Rate
Balance brought
forward
- 8,004 - 3,743 - 11,747
Depreciation charge
for year
- 2,668 - 1,493 - 4,161
Impairment provisions - - - - - -
Revaluations
- - - - - -
Disposals
- - - - - -
Transfers
- - - - - -
Balance carried
forward
- 10,672 - 5,236 - 15,908
Brought forward
- 2,668 - 2,228 - 4,896
Carried forward
- - - 735 - 735
9.3 Net book value
9.2 Accumulated depreciation and impairment provisions*		 Freehold land
& buildings
£		 Other land &
buildings
£		 Plant,
machinery
and motor
vehicles
£		 Fixtures,
fittings and
equipment
£		 Payments on
account and
assets under
construction
£		 Total
£
- 10,672 - 5,971 - 16,643
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- 10,672 - 5,971 - 16,643
- 8,004 - 3,743 - 11,747
- 2,668 - 1,493 - 4,161
- - - - - -
- - - - - -
- - - - - -
- - - - - -
- 10,672 - 5,236 - 15,908
- 2,668 - 2,228 - 4,896
- - - 735 - 735

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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 oneyear		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
- - -
- - - -
11,531 11,531
- - - -
11,531 11,531

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

12.1 Analysis of creditors

12.1 Analysis of creditors
Loans and overdrafts
Trade creditors
Amounts due to subsidiary and associated
undertakings
Other creditors
Accruals and deferred income
Total		 Amounts falling due
within oneyear		 Amounts falling due after
more than oneyear
This year
£		 Last year
£		 This year
£		 Last year
£
- - -
- - -
- - - -
- -
250 250
250 250 - -

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.

Page 16