2024-03-31-accounts - The Redeemed Christian Church Of God, Desire Of Nations Assembly

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Charity no 1157020 Company no 8953382

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

Annual Accounts

1 Apr 2023 - 31 Mar 2024

Prepared by DTT Consultancy Ltd

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

REFERENCES AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTESS AND ADVISERS FOR THE YEAR ENDED 31 March 2024

General Overseer	Pastor Enoch Adeboye
Trustees	Mr Ebenezer Babalola
	Mr Kayode Adebanjo
	Mr Oladipo Apanisile
	Mr Bolajoko Owagbayegun
	Mr Stephen Adetoye Gbadebo Soleye
Minister In Charge	Pastor Adeola Owagbayegun
Charity registration no	1157020
Principal office	4 Bursdon Close
	Leicester
	LE3 6PG
Independent Examiner	Tunji Ogedengbe
	36 Daffodil Close
	Hatfield
	AL10 9FF
Bankers	HSBC

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

TRUSTEES' REPORTS FOR THE YEAR ENDED 31ST MARCH 2024

The Trustees present their annual report together with the financial statements of The RCCG Desire of Nations Assembly for the year ended 31st March 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 governed by the Memorandum and Articles incorporated 21st March 2014.

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

Desire of Nations assembly 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 1

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

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

OBJECTIVES AND ACTIVITIES

a. POLICIES AND OBJECTIVES

The objectives of the church are:

The advancement of the Christian faith worldwide.
The relief of poverty.
The objects are to be carried out as a proclamation of the beliefs set out in clause 8 of the articles.

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:

organisation of seminars and events to address issues of relevance to the relief of poverty

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

planting of churches; and
support for other charities and events with similar objectives.
social action initiatives in the community

c. ACTIVITIES FOR ACHIEVING OBJECTIVES

The main activities of the church are as follows:

Sunday service
Sunday school for all ages of children
Weekly night Bible Studies and Prayer fellowships at various centres

d. VOLUNTEER MANAGEMENT

The church is grateful for the unflinching 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 2

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

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

ACHIEVEMENTS AND PERFORMANCE

a. REVIEW OF ACTIVITIES

The church undertook the following activities:

Feeding those in need in the community.
Ongoing weekly food share to the community
Provision of transportation to and from place of worship for disadvantaged members of the community.
Jointly organising seminars with other charities on effective parenting strategies and techniques for members of the community.

Seminars to sensitize our students community on life in the United Kingdom, the importance of facing their studies, avoiding plagiarism and balancing student, work and social life

Assisting members of the community who are stranded to source living spaces.

FINANCIAL REVIEW

a. RESERVES POLICY

Members of the church have been generous this year. The statement of the financial activities shows net asset stand at £37,186 against the last year amount of £ 11,529.

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.

Page 3

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

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

PLANS FOR THE FUTURE

a. FUTURE DEVELOPMENTS

Continue with our community food initiatives and food supply to the needy.
Continue support for accommodation.
More trainings on Parenting in the UK for people from overseas.
Managing stress for adults, Coping with peer pressure for youths.
Skills training for the unemployed.
Employability skills training for the unemployed.
We’re looking at setting up musical instruments training classes to help interested members of the community develop their innate skills.

Setting up a hub where we can help facilitate entrepreneural training for people venturing into business

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales 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 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:

select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgments and estimates that are reasonable and prudent.
state whether applicable UK Accounting Standards have been followed, subject to any material explained in the financial statements.
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

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 30th November 2024 and signed on their behalf, by:

…………………………………………………..

Mr Ebenezr Babalola

Page 4

THE REDEEMED CHRISTIAN CHURCH OF GOD Desire of Nations Assembly

INDEPENDENT EXAMINERS REPORT FOR THE PERIOD 1 April 2023 to 31 March 2024

I report on the financial statements of RCCG Desire of Nations for the year ended 31 March 2024 which comprise the statement of financial activities, the balance sheet, and the related notes. These financial statements have been prepared under the historical cost convention and the accounting policies set out

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act),as amended by s.28 of the Charities Act 2006 does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, as amended, whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the General Directions given by the Charities Commissioners. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(i) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 41 of the Act; and
to prepare accounts which accord with the accounting records and to comply with the accounting of the Act have not been met; or
(ii) 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 AL10 9FF

30th November 2024

Page 5

RCCG	THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY	THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY	THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY	THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY	THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY	1157020
	Annual accounts for the period
	Period start date	1st April 2023	To	Period end date	31st March 2024

Section A	Statement of financial activities
Recommended categories by activity Details of own analysis Note Incoming resources (Note 3) g generated funds Voluntary income S01 Grant 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 resources expended* *Total incoming resources* *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before* *transfers* 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 Prior Year Adjustment		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		57,768	-	-	57,768	31,312
		13,964	-	-	13,964	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		71,733	-	-	57,768	31,312

		32,070	-	-	32,070	24,966
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		14,006	-	-	14,006	4,543
		-	-	-	-	-
		-	-	-	-	-
		46,075	-	-	46,075	29,509
		25,657	-	-	25,657	1,803
		-	-	-	-	-
		25,657	-	-	25,657	1,803

		-	-	-	-	-
		-	-	-	-	3,959 -
		25,657	-	-	25,657	2,156 -
		11,529	-	-	11,529	13,685
		37,186	-	-	37,186	11,529

Page 6

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

Section B Balance sheet as at 31st March 2024

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
6,938	-	-	6,938	-
-	-	-	-	-
-	-	-	-	-
6,938	-	-	6,938	-

-	-	-	-	-
11,000	-	-	11,000	4,000
-	-	-	-	-
19,498	-	-	19,498	7,779
30,498	-	-	30,498	11,779

250	-	-	250	250

37,186	-	-	37,186	11,529

37,186	-	-	37,186	11,529

-	-	-	-	-
-	-	-	-	-

37,186	-	-	37,186	11,529

37,186	-	-	37,186	11,529
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

37,186	-	-	37,186	11,529

Date of approval Print Name Signature
		Mr Ebenezr Babalola		30-Nov-24

Page 7

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY 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

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

•	and with*		Accounting Standards;
	or		Financial Reporting Standards for Smaller Enterprises (FRSSE);
•	and with the Charities Act 1993.

[** except for the following].

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

-Tick as appropriate:

 if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;

 if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Fi** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any i l R ti St d d f S ll E t i (FRSSE)” changes in the boxes.

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

Page 8

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY 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

INCOMING
	These are included in the Statement of Financial Activities (SoFA) when:
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 9

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

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.

Analysis	This year Last year £ £	This year Last year £ £
Contribution byMembers	57,768	31,312
Gift aid	13,964	-
	-	-
	-	-
	-	-
Total	71,733	31,312

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Page 10

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

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.

Investment management costs Fundraising trading costs	Analysis This year Last year £ £	Analysis This year Last year £ £	Analysis This year Last year £ £
	Wages and salary	2,600	2,400
	Rent	8,300	7,100
	Training	198	413
	Telephone	982	670
	Motorvan Expense	1,698	-
	Travel and Subsistnce	1,584	-
	Repairs & maintainance	1,532	-
	Office Expenses	48	145
	Insurance	1,759	266
	Multimedia	511	475
	Stationeryandprinting	1,676	651
	Depreciation	2,313	-
	Honorarium	200	-
	Church equipment	3,753	11,193
	Conference	327	1,015
	Bank charges	94	76
	Outreach	2,925	-
	Professional & Legal	1,462	563
	Hospitality	109	-
	Total	32,070	24,966


		-	-
		-	-
		-	-
		-	-
	Total	-	-

		-	-
		-	-
		-	-
	Total	-	-

Charitable activities	Welfare	1,300	-
	Donation/Gift	1,135	900
	WEM	9,971	1,643
	FOL	-	1,100
	Province	240	200
	Regional	160	200
	COF	1,200	-
Governance costs	Communityfood distribution	-	500
	Total	14,006	4,543

		-	-
		-	-
		-	-
	Total	-	-

Page 11

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY 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	-	-	-	-
This year Last year £ £ *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 Note 6 Details of certain items of expenditure 6.1 Trustee expenses
			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).

*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
	-	-

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THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

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

Church Office & Office Equipment £	Office Equipment £	Motor vehicles £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
-	-	-	-	-	-
-	-	9,250	-	-	9,250
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	9,250	-	-	9,250
	-	-	-	-	-
		2,313	-	-	2,313
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	-	-	-	-
-	-	2,313	-	-	2,313

-	-	6,938	-	-	6,938
-	-	-	-	-	-

Page 9

THE REDEEMED CHRISTIAN CHURCH OF GOD, DESIRE OF NATIONS ASSEMBLY

Section C Notes to the accounts (cont)

Note 11 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

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 £
-	-	-	-
-	-	-	-
11,000	4,000	-	-
-	-	-	-
11,000	4,000	-	-

Note 12 Creditors and accruals

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

12.1 Analysis of creditors

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 £
-	-	-	-
-	-	-	-
-	-	-	-
250	250	-	-
-	-	-	-
250	250	-	-

Page 13