REGISTERED COMPANY NUMBER: 08963684 (England and Wales) REGISTERED CHARITY NUMBER.. 1158019 REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER (A COMPANY LIMITED BY GUARANTEEI Trustees. Report and Unaudited Financial Statements for the Year Ended 31 March 2025 Docurnent ID.. cB3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER Contents of the Financial Statements for the Year Ended 31 March 2025 Page Trustees, Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 7 to 11 Detailed Statement of Financial Activities 12 Docurnent ID.. cB3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER Trustees. Report for the Year Ended 31 March 2025 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 leffeclive 1 January 2019}. Objectives and activities Objectives and aims The objectives of the charity are.. The advancement of Ihe Christian faith world-wide in accordance with the doctrines set out in the statement of faith contained in the schedule. The relief of poverty. To promote these objects using the income and l or capilal of the trust. Public benefit The trustees confirm that they have complied with the Charity Commission's guidance on public benefil. Volunteers The charity has many volunteers that assist the Church in achieving its objectives. Flnanclal revlew Financial position In the year to 31 March 2025, the charity reported total income of £63,343,. (2024.. £81,796} and net deficit of {£2,519)'12024'. {£10,211)I, accumulated funds were1£16,801 }', (2024-1£14,282)). Reserves policy The charity continues lo work towards achieving a level of unrestricted funds reserves equal to three months of expenditure. Golng concern At Ihe time of approving the accounts, the trustees have a reasonable expectation thal the charity has adequate resources lo continue in operalional existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts. Structure, governance and management Governing document The charity is controlled by its governing document, a deed of Irust. and constitutes a limited company, limited by guarantee, as defined by the Cornpanies Act 2006. Recruitmenl and appoinlment of new trustees Trustees are elected by existing trustees in a way that serves the Charitys best interests and trustees are made aware of the responsibilities they will be taking on. Reference and administralive details Registered Company number 08963684 (England and Wales) Docurnent ID.. (3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER Trustees. Report for the Year Ended 31 March 2025 Registered Charity number 1158019 Registered office 18 Chanlerlands Avenue Hull HU5 3TH Trustees Olufunmilayo A Akintujoye Princewell J Omagbemi Esther Adenike Shokoya Company Secretary Gladys Adetoro Ebenezer Independent Examiner Tolu Obisesan IMAATI ANS Accounts Lld 82A James Carter Road Mildenhall Suffolk IP28 7DE This report has been prepared in accordance with the special provisions of Part 15 of the Companies Acl 2006 relating lo small companies. Approved by order of the board of trustees on 31 January 2026 and signed on its behalf by= Olufunmilayo A Akintujoye- Trustee Docurnent ID.. (3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
Independent Examinerfs Report to the Trustees of Redeemed Christian Church Of God Fountain Of Prayer Independent examiner's report to the trustees of Redeemed Christian Church Of God Fountain Of Prayer I'the Compan) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'}. Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Acl and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 I'the 2011 Act'l. In carrying oul my examination I have followed the Directions given by the Charity Commission under Section 14515) Ib) of the 2011 Act. Independent examiner's statement I have completed my examinalion. I confirm that no malters have come to my attention in connection with the examinalion giving me cause to believe.. accounting records were not kept in respect of the Company as required by Seclion 386 of the 2006 Act- or the accounts do not accord with those records., or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination., or the accounts have nol been prepared in accordance wth the methods and principles of the Statement of Recommended Praclice for accounting and reporting by charities {applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have corne across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. 06caUQ Tolu Obisesan IMAAT) The Associalion of Accounting Technicians ANS Accounts Lld 82A James Carter Road Mildenhall IP28 7DE 31 January 2026 Docurnent ID.. (3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER Statement of Financial Activities for the Year Ended 31 March 2025 2025 Unrestricted fund 2024 Total funds Notes Income and endowments from Donations and legacies 63,343 81,796 Expenditure on Charitable activities Activities in furtherance of the charity's objectives 65,862 92,007 NET INCOMEI(EXPENDITURE) 12,519) (10,211) Reconciliation of funds Total funds brought forward {14,2821 14,071) Total funds carried forward {16,801) {14,282) The notes form part of these financial statements Docurnent ID.. cB3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER Balance Sheet 31 March 2025 2025 Unrestricted fund 2024 Total funds Notes Fixed assets Tangible assels 10 Current assets Debtors Cash at bank 2,005 1,499 2,005 708 3,504 2,713 Creditors Amounls falling due within one year 120,305) 117,005) Net current assetsl(liabilities) {16,801) {14,292) Total assets less current liabilities {16,801) {14,282) NET ASSETSI(LIABILITIES) {16,801) {14,282) Funds Unrestricted funds 116,8011 114,282} Total funds 116,801) 114,2821 The charitable company is entitled lo exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025. The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance wilh Section 476 of the Companies Act 2006. The trustees acknowledge their responsibilities for la) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and Ib) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which othetwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. The notes form part of these financial statements Docurnent ID.. (3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER Balance Sheet- continued 31 March 2025 These financial stslements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. The financial statements were approved by the Board of Trustees and authorised for issue on 31 January 2026 and were signed on its behalf by: Olufunmilayo A Akintujoye- Truslee The notes form part of these financial statements Docurnent ID.. (3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER Notes to the Financial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement lo the funds. it is probable Ihat the income will be received and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to Ihat expenditure, it is probable that a Iransfer of economic benefits will be required in seltlement and Ihe amount of the obligalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cosl related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Charltable actlvllles Charitable activities are those costs relating to activities carried out to meet the objectives of the charity and include directly attributed costs as well as support costs. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Taxation The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restrirted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Docurnent ID.. (3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER Notes to the Financial Statements - continued for the Year Ended 31 March 2025 NET INCOMEI{EXPENDITURE) Net incomellexpenditurel is ststed after chargingllcrediting).. 2025 2024 Depreciation - owned assets 10 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneralion or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Truslees, expenses There were no Iruslees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 2025 2024 Wages and salaries 3,000 23,700 3.000 23.700 The average monthly number of employees during the year was as follows= 2025 2024 Staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricte fund Income and endowments from Donations and legacies 81,796 Expenditure on Charitable activities Activities in furtherance of the charity's objectives 92,007 NET INCOMEI{EXPENDITURE) (10,211) Docurnent ID.. (3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER Notes to the Financial Statements - continued for the Year Ended 31 March 2025 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES . continued Unrestricte fund Reconciliation of funds Total funds brought fomard 14,071) Total funds carried fonvard (14,282) TANGIBLE FIXED ASSETS Fixtures and fittings Cost At 1 April 2024 and 31 March 2025 10 Depreciation Charge for year 10 Net book value At 31 March 2025 At 31 March 2024 10 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other debtors 2,005 2.005 Docurnent ID.. cB3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER Notes to the Financial Statements - continued for the Year Ended 31 March 2025 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2025 2024 Other creditors 20,305 17,005 MOVEMENT IN FUNDS Net movement in funds At 3113125 At 114124 Unrestricted funds General fund 114,282) (2,519} (16,801) TOTAL FUNDS 114,282} 12,519} (16,8011 Net movement in funds, included in the above are as follows.. Incoming Resources Movement resources expended in funds Unreslrlcled funds General fund 63,343 165,862} {2,519) TOTAL FUNDS 63,343 165,862} {2,519) Comparatives for movement in funds Nel movement in funds Al 3113124 At 114123 Unrestricted funds General fund (4,071} (10,211} (14,282) TOTAL FUNDS (4,071) (10,211} 114,282) 10 Docurnent ID.. cB3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89
REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF PRAYER Notes to the Financial Statements - continued for the Year Ended 31 March 2025 MOVEMENT IN FUNDS . continued Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources Movement expended in funds Unrestricted funds General fund 81,796 192,007} 110,211) TOTAL FUNDS 81,796 192,007} (10,2111 10. RELATED PARTY DISCLOSURES RCCG Founlain of Power is part of a wider community of churches under The Redeemed Christian Church of God and during the year to 31 March 2025. donations made lo the UK central Offi were £1,850. Docurnent ID.. (3b1 Oe-fb88-44e4-a2d6-34b52dcbbc89