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 Ac￿p￿)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 DI￿￿oIS 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 D1￿ctOrS 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 rEspo￿ble frf ' safeguardlng the assets of the company and heriLE(ortli t