REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY Charity reg. no: 1158553 TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 CONTENTS PAGE Reference and administratlve details Directors report Independent Examiner's report Statement of financial activities 10. Balance Sheet 11. Notes to the accounts 12-15 Page I
REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, s TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024 Trustees Mr D E Akpabio Mr A S Coker Mr A Fajuyitan Mr B Ekundayo Parish Pastor/CEO Pastor Olusegun Stephen Charity registered number 1158553 Principal Office 83 Santa Cruz Avenue Newton Leys Bletchley Milton Keynes MK35HE Operating address 4th Floor Sunley House Oxford Road Aylesbury Bucks HP19 8EZ Independent Examiner Akintayo Ojo FCCA Resource Management Consultants Ltd 46 Hollywood Way Erith DA8 2QE Bankers Barclays Bank PLC Market Square Aylesbury HP20 Page 2
REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY TRUSTEES REPORT FOR YEAR ENDED 31 DECEMBER 2024 The trustees submit their report and flnanclal statement for Redeemed Christian Church of God House of Mercy Aylesbury (The Charity) for the year ended 31 December 2023. The trustees confirm that the trustees, report and financial statements of the charity comply with current Statutory 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. STATUS The Redeemed Christian Church of God - House of Mercy Aylesbury is a Charlty Incorporated organisation (CIO) registered with the Charity Commission with charity number 1158553. RCCG House of Mercy as It Is also known is affiliated with the Redeemed Christian Church of God (RCCG) UK network of Churches. We are an affiliate member of the Evangellcal Alliance (EA) in the UK and the ecumenical Aylesbury Churches Network (ACN). ABOUT US The charity operates in Aylesbury, a 'garden city, in the central southern England with a growing population of about 205,000. Aylesbury ranks averagely In the English Index of Multiple Derivation wlth some very affluent suburbs, but wlth areas of significant deprivation in the north-west of the town. House of Mercy church exists to inform, influence, and impact our communlty with the gospel of Jesus Chrlst. We are a Christian non-profit faith group and acting for the beneflt of our congregation and the wider community, partlcularly those needing emotional, financial, and family support. As well as our regular Sunday services, we aim to increase Community Cohesion, provide disaster relief and help those who are dlsadvantaged in our community. We also provide counselling and pastoral support for those in need of it. As a church, we are committed to the beliefs of the historic Christian falth and Its understanding of God, ourselves and our relationship with Him. We believe a life of Christian love and servlce to be relevant and beneficial for ourselves and society. All our senilces are open to all beneficiaries, regardless of race, gender, or religious belief and we are artive in sharing the good news about Jesus with all people. Our current activities includes: APPOINTMENT OR ELECTION OF TRUSTEES Trustees are appointed and or co-opted under the terms of the CIO constitution. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES The induction process for a newly appointed Trustee comprises of an initial meeting with the chair and other trustees, followed by short meetings wlth the parlsh pastor on the powers and responsibilities of the trustees. Page 3
REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY TRUSTEES REPORT FOR YEAR ENDED 31 DECEMBER 2024 APPOINTMENT OR ELECTION OF TRUSTEES Trustees are appointed and or co-opted under the terms of the CIO constitution. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES The induction process for a newly appointed Trustee comprises of an initlal meeting with the the chair and other trustees, followed by short meetings with the parish pastor on the powers and responsiblllties of the trustees. ORGANISATIONAL STRUCTURE AND DECISION MAKING The charity is organised so that the Directors meet regularly to mange Its affalrs. The parish pastor manages the day to day administratlon of the church. RELATED PARTY TRANSAcfIoN RCCG House of Mercy Aylesbury is a parlsh of The Redeemed Chrlstian Church of God which has parishes all over the world. The parish's relationshlp with other parishes is governed by an Agreement for Common purposes,. RISK MANAGEMENT The trustees have assessed the major risks to which the charlty Is exposed, in particular those related to operations and finances of the charity, and are satlsfled that systems are in place to mitigate our exposures to major risks. OBJECTIVES AND AcfIvITIES The principal object is the advancement of Chrlstlan faith in accordance with the statement of beliets of The Redeemed Christian Church of God, and the relief of poverty. To achieve Its objectives, the church adopted the following strategies: Runnlng the following weekly act5vities to fulfll its objective of advancing Christian falth.. Sunday morning and evening services Midweek home pastoral support/Bible study groups Parent and toddler group Youth connect Women's fellowship Men's fellowshlp Sunday School In addition to these weekly activities, we run other community based project in advancing our objective of preventing of relieving poverty. These Includes: Training and development seminars to support members and public ( eg managing your finances), Welfare support to members of the public through Food Bank vouchers and food parcel dlstrlbution, Career Development Workshops, Fundraising for other charities ( especially International Aid, and Oxfam), and many more supporting affected by wars and natural disasters. Page 4
REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2024 PUBLIC BENEFITS The Church's Sunday and mid-week senilces are open to the general public to bulld on their Christian faith. Apart from its Church activities, the charity was involved In the following publlc benefits efft)rts during the year In reporting: Welfare support to members of the community through Food Bank vouchers and food parcels distributlon. Households in our community benefitted from over 1,200 hot meals and 1,000 food parcels given away by the charlty. The charlty provided music training centre and organlsed practical training on musical equipment, voice trainingi talent developments and concerts for the people In the community. The charity worked with young people in training in music, dance, creative writing and drama to provide alternatives to activities at rest of their involvement in street vlolence and other anti-soclal behaviours. The charity supported notable charities such as Oxfam. It also contrlbuted to disaster relief around the world through Disaster Relief Agencies In UK and SVG -Donation for rellef. The charity organlsed multicultural even in the community to foster better relatlonship between members, and also to discuss topics bothering on communlty development. We are very grateful to all our donors and most especially Heart of Bucks, Bucks County Councll, Clare Foundation and Topkare Limited for the grants provided to fund some of our projects. Your kind support has indeed gone a long way to put a smile on the faces of users of our service and also enabled us to serve our community better. Our efforts are geared towards supporting the programmes of our local communityi promoting cohesion in our communlty, and impacting the lives of the young people and the elderly. GRANT MAKING POLICY The church supports visitlng ministers of the gospel both withln and outside the United kingdom. Support is also given to RCCG Central Office. World Evangelism Mission, Festlval of Life and other RCCG programmes. The Church supports other charltles and missionary that shares its objects in the advancement of Christian faith and relief of poverty. Included in the charity's payroll a salaries a minister seconded to work for a sister church. VOLUNTEERS The church is grateful for the unstinting efft)rts of its volunteers who are involved in providing services ft)r the charity. It is estimated that over 6000 hours are provided by volunteers during the year. If this is conservatively valued at £8.50 per hour, the volunteers effort will amount to £51,000. Page 5
REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2024 REVIEW OF ACTIVITIES The church continues to enjoy tremendous growth In its physical and spiritual Ilfe during the year, and in the advancement of Christian falth in accordance with the doctrlnes set out in the statement of faith contalned in our constitution. BUILDING PROJECT Due to the expansion in the charity's activities and involvement in the community, the charity secured a 10 year lease of Sunley House, Oxford road Aylesbury. The property provldes a 200 square metre of floor space adapted for use as a community building. The charity has settled into Sunley House and the process have been very beneficail to the charlty. We were able to run our food bank and other projects for the benefit of our beneficiaries in the community. We contlnue to seek for funders to help us with funds for our various projects. There were no major donations towards the buildlng project in the year under revlew, but we note contributions from the following organisations towards the buildlng project in the previous year. 2024 £0 £0 2023 £10,000 £10,800 Topkare Llmited Congregational and General FOOD BANK AND HOT MEAL During the year In vlew, our charity gave out 1200 packs of hot meals and 1000 food parcels to members of the community. AS part of our commitment to the economic growth of our community, we ensured that every items used in preparing the hot meals and food packs were sourced within our community. Costco, Tesco, Farm foods, were patronised along with other African Caribbean Food stores. The hot meals were prepared by a local caterer Omolayo Akinsemoyin catering services. We will also like to acknowledge the following organisations that contributed to fund the project: 2024 £4,854 £20,000 2023 £12,085 £0 Hearts of Bucks National Lottery RESERVES POLICY The trustees, policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended. They feel that thls would enable the current actlvities to continue if there is any slgnlflcant drop In funding. It would obvlously be necessary then to consider how the funding would be replaced or activities changed. The present free reserve is below the policy range but the trustees are continuing to seek additional funds for the reserves. PRINCIPAL FUNDING Funding has been provided mainly through tithes and offerings by church members and through donations. Pledges are also taken for specific projects. The charity also received grants from donor's for some of its projects in the year under review. Page 6
REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY TRUSTEES, REPORT FOR YEAR ENDED 31 DECEMBER 2024 FUTURE DEVELOPMENTS The charity continues to explore various ways of spreading the gospel of Chrlst In an effectlve manner. The charity is also looking to grow In membershlp and contlnue to develop Its members to make life-changing impact in the community. With the lease of Sunley House, the trustees of of the charity believes it has increased capacity to meet the varlous needs of Its members and the general public. Page 7
ReDEeMEO CHRisnAN CHURCH OF GOD HOUSE OF MERCY AYLESBVRY FOA YEAR ENDED 31 DECEMBER 2024 ,,. . srATEMeNT OF TrUSTEES' RESPONSI8ILmES The ThJst•tt •rn reyponslble tsr wep)rlng th• •nnual report and ftThan accar- dan wkh appllc•blt I¥8 and rtgulatlons, law the trustees to prepare Ilnandal gtjtements for flftandal y•af. #:: . that tsw, the trustees have elact•d to prepare the flnandal tst•monts In accord th• (.... :: Lknfted Klngdom Genernlly Acp)ble Accountln9 Prnctlce (Unlted Kingdom & •nd awkaue law). The flnanclal statements are requlred to glve a true and f vl¢w of the •tiaii3 ot the charlty and of the surplus or detlclt of the chartty for that perfod. ID prtpwln9 tr finandal statements, the DIoIS are requlred to.. ": . - Sdect 5ultable accountlng polldeA and apply them cons15tently j - Make Judgement and estlmates that are reasonable and prudent; . - prEPa the finandal statements on a golng concern basls unlw It is Snapproprfate to i-: &';4tr.'?.47i presume that the company wlll contlnue fn operatton: The D1ctOrS recognlse thelr responslbiiities to keep proper accountfng records that dlscl¢x rpasonable accuracy at any tlme the finandal posltlon of the charlty and enable to ensiire , ¥ Ihat the flnanclal statements comply wlth the Companle5 Act 2006. They are also rEspoble frf ' safeguardlng the assets of the company and heriLE(ortli t<iklng steps for the preventlon af d&RCtlon of fraud and other Irregularftles. Th* appended flnandal statements have been prepared on the accruals basls and have bo %ih exxftlned by an Independent examlner, whose report Is also appended. Apwoved by the tfustees on 4 May 2025 and slgned on thr behalf by:
REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY INDEPENDENT EXAMINERS REPORT FOR YEAR ENDED 31 DECEMBER 2024 TO THE TRUSTEES OF REDEEMED CHRISTIAN CHURCH OF GOD HOUSE OF MERCY AYLESBURY I report on the accounts of the charity for the period ended 31 December 2024 which is set out on pages 9 - 13 RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER The charity trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for the year under section 142(2) of the Charities Act 2011 and that an Independent examination Is needed. It is my responsibility to: examine the accounts under section145 of Charities Act 2011. follow the procedures laid down in the general Directlons glven by the Charity Commission (under section 145(5)(b) of the 2011 Act; and state whether partlcular matters have come to my attentlon. BASIS OF MY EXAMINATION My examlnation was carried out in accordance wlth the General Directions given by the Charity Commission. An examination includes a review of the accountlng records kept by the charity and a comparlson of the accounts presented with those records. It also Includes consideration of any unusual items or dlsclosures in the account, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all evldence that would be required in an audlt, 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 statements below EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attentlon.. (l) whlch gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that: proper accounting records are not kept in accordance with the companies Act; and accounts are prepared which agree with the accounting records and comply with the accounting qu1MentS of the Companies Act 2006; or (2) to which, in my opinion, attention should be drawn in order to enable a proper under- standing of the accounts to be reached. Akintayo Ojo FCCA g'ii May 2025 46 Hollywood Way Erith. DA8 2QE Page 9
REDEEMED CHRISTEAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY STATEMENT OF FINANCIAL AcfiviTIES FOR YEAR ENDED 31 DECEMBER 2024 2024 Unrestrltted 2024 Restricted 2024 Totsl 2023 Totsl Funds Funds Funds Funds INCOMING RESOURCES Notes Donations, legacies & similar incoming resources Activities In furtherance of charity's object Investment income Total incoming resources 297,382 5,000 742 303,124 16,436 24,854 4,166 45,456 313,818 29,854 4,908 348,580 275,824 16,215 1,236 293,275 RESOURCES EXPENDED Grants payable - individual Grants payable - institutional Costs of activitles in furtherance of charities objects Management and governance costs Total resou rces expended 1,800 11,592 1,800 11,592 7,543 314,930 6,667 334,989 3,350 318,280 6,667 338,339 278,444 4,525 290,512 3,350 Net (outgoing)/lncoming resources for year 31,865 42,106 10,241 2,763 Total funds at the start of the year Movement in funds 59,490 46,493 105,983 103,220 BALANCE AT END OF YEAR 27,625 88,599 116,224 105,983 Movements in reserves and all recognised and losses are shown above The charity's incoming resources and resources expended all relate to continuing actlvlties. Page 10
? REDEEMED CHRISTEAN CHURCH OF GOD- HOUSE OF MERCY AYLESBURY &4LANCE SHEEr S AT 31 DECEM3ER 2024 2024 2023 FIXED ASSErs Tanglble Flxed assets . 46,493 I: . .. CURRENT ASSETS Debtor5 & accruals Cash and bank balances 11 12 69,796 59,811 3.512 63,323 92,780 UABILMES Amount falllng due wlthln one year 13 116 224 105.983 NEf ASSErs , CHARfTY FUNDS Id :.¢427.625 59,490 General Genernl TOTAL FUNDS - unrestrl(tsd . 116 224 The 8c¢ounts hava been prepared ki accordance wlth the sp•thl provblon of St•t•ment of &•commenthl Pra¢tie•: Accountlng and Reportlng by (Jwldes (SORP) Isjued Marth 2005 3$ rnodlfi¢d for smaller dwlueg Approved by the Trustees on May 202S and $19ned on thelr behalf by: Mr B Ekundayo Chalrman
REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLICIES (a) The accounts a prepared under the historical cost convention and in accordan with applicable accounting standards. They follow be# prartice as set out in the Statement of Recommended Prattice: Accounting and Reporting by Charities (SORP) issued March 2005 as modlfled for smaller charities. (b) Income and expenditure Is accounted for on an accruals basis. (c) Flxed assets comprise furniture and equipment and musical equipment and have been costing more than £300. Tanglble fixed assets are stated at cost less depreciation. Depreciation is provided at rate5 calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the followlng bases: Musical equipment 250/0 reducing balance Furnitures and fittings 250/0 reduclng balance Computer equlpment 25 % reducing balance Motor Vehlcles 25% reducing balance (d) Unrestricted funds are Incomlng resources recelved for the objects of the charlty wlthout further specified purpose and are available as general funds. (e) Restritted funds are subjett to restrittions on their expenditure imposed by their donors. Unrestritted Restricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 2. DONATEONS, LEGACIES AND SIMILAR INCOMING RESOURCES Collection and other donations - uNRESTRIED Tlthe, offerings & collections Gift aid receivable Sundry donations Donation misslons 229,898 59,821 636 7,027 297,382 2,102 232,000 59,821 3,743 18,254 313,818 182,323 57,450 17,254 18,797 275,824 3,108 11,227 16,436 3. AcrtVlTIES IN FURTHEFL4NCE OF cHARls OBJEcr HMRC Employer NIC Grant Received - Heart of Bucks Grant Received - Natlonal Lottery Grant Received Others 5,000 5,000 4,854 20,000 4,130 12,085 4,854 20,000 5,000 24,854 29,854 16,215 4. ENVESTMENT INCOME Bank Intet Fees received 437 305 742 437 4,471 4,908 146 1,090 1,236 4,166 4,166 Page 12
REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 2024 2024 2024 2023 Unrestritted Restritted Totsl Total Funds Funds Funds Funds 5. Grants payable - Indlvidual Individual welfare 1,800 1,800 6. Grants payable - institutional Charitable glvlng -UK Charitable giving -overseas Tota I 11,592 11,592 7,543 11,592 11,592 7,543 Llst of institutional grants payable RCCG WEM World Evangelism RCCG Central Office Central Office Suppc Oxfam Mission support RCCG Camp Ground Mission support RCCG Province & Region Mission support Others Total grant payable - institutlonal 1,100 3,500 240 4,722 1,000 1,030 11,592 I,ioo 3,500 240 4,722 1,000 1,030 11,592 2,750 900 240 2,200 953 500 7,543 7. COST OF AcfiviTIES IN FURTHERANCE OF CHARITY'S OBJECTS Vlsltlng speakers expenses Seminar, conferences and subscriptions Travel and subsistence Hall hire, rent & rates Music, Ilturgy & church group Mlsslon, evangelism & projects Welfare & hospitality Telephone & internet Printing, postage and stationery Motor expenses Worshlp cost & church occasion Training mission Util ities 7,850 7,591 9,641 43,175 3,436 33,652 3,611 3,240 2,605 3,941 5,846 638 5,774 37,922 1,047 3,645 118,850 11,384 5,895 5,187 314,930 7,850 7,591 9,641 43,175 3,436 37,002 3,611 3,240 2,605 3,941 5,846 638 5,774 37,922 1,047 3,645 118,850 11,384 5,895 5,187 318,280 4,900 11,760 10,130 49,920 1,393 19,337 4,882 4,684 3,655 7,815 5,051 990 5,428 35,802 1,818 2,247 93,422 9,964 5,245 3,350 Depreciation Insurance Repair & malntenance Staff cost Offi'ce expenses Admln & flnance costs Awards 3,350 278,444 Page 13
REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 2024 2024 2024 2023 Unrestricted Restritted Totsl Total Funds Funds Funds Funds 8. MANAGEMENT AND GOVERNANCE COSTS Professional fees -Lega l & lease Professlonal fees -other Examiner's fees - accountancy 3,667 3,000 6,667 3,667 3,000 6,667 1,525 3,000 4,525 9. TANGIBLE FIXED ASSETS Motor Musical Computers Furniture & equipment & projectors fittings Total Vehlcles 31-Dec 2024 Cost At l January 2024 Addltlons At 31 December 2024 20,379 48,683 6,019 54,702 40,862 749 41,611 51,864 11,106 62,970 161,788 17,874 179,662 20,379 Depreciation At l January 2024 Depreciation for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 15,518 4,861 20,379 32,762 8,800 41,562 33,581 8,217 41,798 33,435 16,044 49,479 115,296 37,922 153,218 13,140 15,921 187 7,281 13,491 18,429 26,444 46,493 4,862 10. CASH BALANCES Year ended Year ended 31-Dec 2023 3,512 3,512 31-Dec 2024 22,984 22,984 Cash in Bank at year end 11. DEBTORS & ACCRUALS Year ended Year ended 31-Dec 31-Dec 2024 2023 Debtors Gift Aid receivable 9,975 59,821 69,796 4,475 55,336 59,811 12. CREDITORS Trade creditor's due wlthin 12 months Accrual: Penslon payments Accrual: accountancy fees 31-Dec 2024 31-Dec 2023 833 3,000 3,833 3,000 3,000 Page 14
REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF MERCY AYLESBURY NOTES TO THE ACCOUNTS FOR YEAR ENDED 31 DECEMBER 2024 13. RELATED PARTY TRANSACtIONS During the year, the church paid institutional grants to other RCCG organisations such as the World Evangelism Mlsslon as stated in note 7. 14. STAFF COST AND NUMBERS Staff costs were as ft)Ilows Year ended 31-Dec 2024 Year ended 31-Dec 2023 Wages and salaries Social security costs WPS - Employer 71,363 5,141 873 77,377 71,363 5,141 873 77,377 Year ended 31-Dec 2024 No. Year ended 31-Dec 2023 No. The average number of employee during the year was as follows Pastoral Charity administratlon Total Included in the staff cost and numbers are 2 employees seconded as minister or rellglon to slster churches. No employee received remuneration amountlng to more than £50,000 in the year. 15. NET INCOMING RESOURCES/(RESOURCES EXPENDED) Year ended 31-Dec Year ended 31-Dec This Is stated after charging 2024 2023 Depreciation of tangible assets owned by the charlty Accountant's fees 37,922 3,000 27,825 3,000 16. TAXATION RCCG House of Mercy is a registered charity and all of its activities are tax exempt under rules of of taxation granted to charltles. Page 15