REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD
CONTENTS
| Reference and administrative details of the charity | 3 |
|---|---|
| Independent Examiners Report | |
| Directors' report | 4 - 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the financial statements | 10 - 13 |
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD
Company Information
Director/Trustees Mr Lucky O. Aibangbee Albert as @ 31st Dec 2024 Mrs Funmilayo Adetunji Mrs Jelilat Dada Company number 08768971 Charity reg. no. 1158718 Registered office 202 Chells Way Stevenage Hertfordshire SG2 0LZ Accountants DTT Consultancy Ltd 36 Daffodil Close Hatfield Hertfordshire ALI0 9FF
Page 3
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD
INDEPENDENT EXAMINER'S REPORT FOR YEAR ENDED 31 DECEMBER 2024
TO THE DIRECTORS OF THE REDEEMED CHRISTIAN CHURCH OF GOD - NEW LIFE ASSEMBLY
I report on the accounts of the charity for the year ended 31 DECEMBER 2024 which is set out on pages 9 to 14.
RESPECTIVE RESPONSIBILITIES OF THE DIRECTORS AND THE EXAMINER
The charity's directors are responsible for the preparation of the accounts. The charity's directors consider that an audit is not required for this year under section 476 of the Companies Act 2006 and that an independent examination is needed.
It is my responsibility to:
-
, • examine the accounts under section 145 of Charities Act 2011;
-
, • follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
-
, • state whether particular matters have come to my attention.
BASIS OF EXAMINER'S STATEMENT
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 presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Directors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, 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 attention:
-
1 which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with the requirement of Section
-
386 and 387 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records and to
-
comply with the accounting requirements of Section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 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 Ogedebbe FCCA
DTT Consultancy Lomited 36 Daffodil Close Hatfield Hertfordshire AL10 9FF
Date: 16th Sep[tember 2025
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD
DIRECTORS' REPORT FOR YEAR ENDED 31 DECEMBER 2024
The directors and trustees present their report and the accounts for the year ended 31st December 2024
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the the accounts and comply with the charity's memorandum and articles, applicable by law (Companies Act 2006 and Charities Act 2011) and the requirements of the Statement of Recommended Practice "Accounting and Reporting by Charities"issued in March 2005.
Legal and Administrative details
Redeemed Christian Church of God New Life Assembly Borehamwood was incorporated as a private company, limited by guarantee, on 11 November 2013, company number 08768971 and charity on 15th July 2015.
Trustees
The trustees who are also directors for the purposes of the Companies Act 2006 that served in the year were as follows:
Directors
Mr Lucky O. Aibangbee Albert Mrs Funmilayo Adetunji Mrs Jelilat Dada
Structure, Governance and Management
Governing Document
The company is limited by guarantee and registered as a charity under the Charities ACT 2011. The company has applied for charitable status for taxation purposes and is currently a registered charity.
Anyone over the age of 16 can become a member of the company subject to approval by the trustees.
Page 4
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD
DIRECTORS' REPORT (Continued) FOR YEAR ENDED 31 DECEMBER 2024
Governing document continued…..
No director has any beneficial interest in the charitable company. The number of guarantees at 31 December 2024 was three. Every member of the Charity promises that if the Charity is dissolved while he or she is a member or within twelve months after he or she ceases to be a member, to contribute such sum (not exceeding £10) that may be demanded towards the payment of debts and liabilities of the Charity.
Appointment of trustees begun from the first annual general meeting and was in accordance with the articles of association. At every subsequent annual general meeting, one third of the trustees are subject to retirement by rotation.
If the company at the meeting at which a trustee retires by rotation does not fill the vacancy the retiring trustee shall, if willing to act, be deemed to be reappointed unless at the meeting it is resolved not to fill the vacancy or unless a resolution is put to the meeting and lost. The number of trustees shall not be less than two and are not subject to any maximum . Trustees have the power to co opt members to a commitee so long as those co opted members do not exceed one half of the total number of trustees on that committee.
Trustee Induction and Training
Any new trustees undergo an orientation day to brief them on their legal obligations under Charity and Company Law, the content of the Memorandum and Articles of Association and the processes on decision making within the organisation. The Charity encourages trustees to attend, at their discretion; appropriate external training events were these will be use for the undertaking of the role.
Organisational Structure
The trustees, which as at 31 December 2024 were three provide the strategic direction of the charity. The aims and objectives are communicated to the congregation and members of the church.
Assets held on behalf of another charity
There are no assets held on behalf of another charity.
From the strategy the trustees have identified a few minor risks. These are known to the trustees and are mitigated accordingly.
Page 5
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD
DIRECTORS' REPORT (Continued) FOR YEAR ENDED 31 DECEMBER 2024
Risk Management
The trustees have a risk management strategy that includes:
ii. The establishment of systems and procedures to mitigate those risks identified in the plan; iii. The implementation of procedures designed to minimise any potential impact on the charity should they materialise.
Financial risk is to be mitigated by the secretary monitoring the bank frequently to ensure no losses from error or fraud take place.
The policies of risk management are continuously reviewed to ensure they still meet the needs of the charity.
Objectives
The charity's objects are:
-
"The advancement of the Christian religion worldwide,"
-
"The relief of poverty worldwide."
-
To impact the community in every positive way possible.
It pursues these objects by the operation of a centre for Christian worship at its premises in the town center of Borehamwood town and by a programme of events aimed at reaching out to the unchurched together with a range of community-centred projects. These objectives have continued throughout the Year and remain unchanged.
The strategies employed to achieve the charity's objectives are to:
To establish churches, cell groups, and community centres
To promote festivals celebrations and exhibitions and otherwise develop community and fellowship To coordinate advise and administer churches
To carry out and direct discipleship, evangelistic, missionary and ecumenical activity To support administer or set up other charities
To set up, administer or support training and educational facilities including but not limited to day nurseries, playschools and other educational establishments.
To provide advice, resources and services to those affected by social and economic circumstances To establish and maintain development projects in small scale economic development and medical programmes.
To make investments in the aid of the finances to carry on further activities.
The charity has serveral powers permitted by the Memorandum of Association that allow the above strategies be achieved.
Page 6
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD
DIRECTORS' REPORT (Continued) FOR YEAR ENDED 31 DECEMBER 2024
ACTIVITIES FOR PUBLIC BENEFIT:
Achievements and Performances: The Trustees are pleased to report the following activities have been carried out in 2024 and these have helped the charity build a wider network of relationships and relevance within and around our community. We are constantly seeking new ways to engage, serve, remain relevant and make better impact to the people within and around our community.
2024 Charity Main Activities
2024 Charity Main Activities
The Trustees of New Life Assembly Borehamwood are pleased to report the following activities amongst others were carried out in 2024 which assisted the charity to connect, engage better and serve our community whilst also seeking ways to remain relevant to the people within and around the community we serve.
Mother’s Day Celebrations Sunday service- March 2024
On the 10th of March the church organised a special celebration service in honour of all mothers and mothers to be. Special prayers were offered Event was open to public and gift items given to every mother.
Good Friday Walk of Witness- March 2024
This took place on the 29th of March organised by the Elstree and Borehamwood Christian council (EBCC). Open to churches within the council and members of the public. It was well attended and a platform to network with members of the larger community. It also doubled up as a platform for the RCCG Easter Let’s Go A Fishing programme.
Global Outreach Day- May 2024
As a charity we joined millions across the world at the annual evangelical outreach event on the 18th of May in reaching out and sharing the message of the good news “as everyone can reach someone together, we can reach the world”
Borehamwood Food bank 10th Anniversary Donation – June 2024
We joined in the celebration of the 10th anniversary of our local food bank held on the 4th June to support the great work and their longstanding extraordinary commitment to support vulnerable local families struggling with the cost-of-living crisis and increasing demands on their budget.
Father’s Day Celebrations Sunday service- June 2024
In honour of All fathers and fathers to be the church organised a special service event on 16th June open to all with special prayers and gifts presented to the men.
Lunch outing with Teenagers and Young adults- June 2024
The teenagers and young adults in the church had lunch at the local Chinese restaurant within the community on Sunday 30th June. It was a great time of bonding and also promoting good table etiquette to them.
Annual special children’s anointing and thanksgiving service: Sept 2024
A special thanksgiving service and prayers was held on the 1st sept for children within and outside the church. Refreshments were served.
Hertsmere civic service: - Oct 2024
We joined other faith groups and dignitaries within the community at the civic service on Sunday 13th October on the invite of the Mayor of Hertsmere at St Martin’s church Shenley Borehamwood. Parish also donated to the mayor’s chosen charity.
Let’s Go A Fishing Event- Dec 2024
The Charity participated in this event with other churches within the area on sat 21st Dec sharing the love of Christ and witnessing Jesus. Refreshments and tracts were handed out on the day.
Christmas Family Love gift -Dec 2024
Christmas family love gift items / hampers were provided to families within and outside the church to celebrate the festive season and share the love of Christ and the true meaning of Christmas.
We also remain active members of the Hertsmere Forum of Faith (HFoF)and the Elstree and Borehamwood Christian Council (EBCC). In addition, engaging actively with other churches and faith groups within and outside Elstree and Borehamwood and also up to date with all our financial obligations.
Page 7
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD STATEMENT OF FINANCIAL ACTIVITIES FOR YEAR ENDED 31 DECEMBER 2024
| 2024 | 2023 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | Funds | Funds | |||||
| Notes | £ | £ | £ | £ | ||||
| INCOMING RESOURCES | ||||||||
| Donations | 2 | 30,277 | - | 30,277 | 41,999 | |||
| - | - | |||||||
| Gift aid | - | - | - | - | ||||
| Total incoming resources | 30,277 | - | 30,277 | 41,999 | ||||
| RESOURCES EXPENDED | ||||||||
| Cost of generating funds | 4 | 27,500 | 27,500 | 30,558 | ||||
| Costs of activities in furtherance of charities objects | 12,534 | 12,534 | 13,987 | |||||
| Management and governance costs | - | - | ||||||
| Total resources expended | 40,034 | - | 40,034 | 44,545 | ||||
| - | - | |||||||
| Net (Outgoing)/Income resources for year | - | 9,756 |
- | 9,756 |
- | 2,547 |
||
| - | - | |||||||
| Balance b/fwd | 140,351 | 140,351 | 142,897 | |||||
| Prior Year Adjustment | ||||||||
| BALANCE AT END OF YEAR | 130,594 | - | 130,594 | 140,351 |
The statement of financial activities includes all surpluses and deficits recognised in the year.
All incoming resources and resources expended derive from continuing activities.
Page 8
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD Balance Sheet
At 31 DECEMBER 2024
| 2024 | 2023 | ||
|---|---|---|---|
| Total | Total | ||
| Funds | Funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | |||
| CURRENT ASSETS | |||
| Debtors: amounts falling due after more than one year | 6,500 | 6,500 | |
| Cash in hand | 124,444 | 134,201 | |
| 130,944 | 140,701 | ||
| LIABILITIES | |||
| Accrual | 12 | 350 | 350 |
| 350 | 350 | ||
| NET ASSETS | 130,594 | 140,351 | |
| CHARITY FUNDS | |||
| General - unrestricted | 1d | 130,594 | 140,351 |
| General - restricted | 1e | ||
| TOTAL FUNDS | 130,594 | 140,351 |
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the
-
The members have not required the company to obtain an audit of its accounts for the year in
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with
These accounts have been prepared in accordance with the special provisions of Part 15 of the
These financial statements were approved by the Directors on 16th Sept 2025 and signed on their
Mr Lucky O. Aibangbee Albert - - Director/Trustee
Page 9
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD
Notes to the Financial Statements FOR YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES Value added tax
Stocks
Stocks are stated at the lower of cost and net realisable value.
Taxation
The charitable company has dormant status for corporation tax by HMRC.
2. DONATIONS AND GIFTS
| Offering Gift aid 3. ACTIVITIES FOR GENERATING FUNDS |
2024 2023 £ £ 30,277 42,000 - - |
|---|---|
| 30,277 42,000 |
|
| 2024 2023 £ £ |
|
| - - |
Page 10
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD
Detailed Statement of Financial Activities FOR YEAR ENDED 31 DECEMBER 2024
| Voluntary income Donations Gift aid RESOURCES EXPENDED Charitable activities World Evangelism Mission - WEM Central Office Africa Mission Events/Conferences Area Donations/Welfare Hospitality Support Costs Rent Office expenses Pastors Stipend Equipment Printing, Postage and stationary Storage Travel Expenses Training Multimedia Sunday Service Bank charges Outreach Total resources expended c/fwd |
2024 2023 £ £ 30,277 41,999 - - |
|---|---|
| 30,277 41,999 |
|
| 7,150 7,235 1,200 1,213 100 50 1,850 2,164 - 60 1,750 1,827 484 1,438 |
|
| 12,534 13,987 2,575 2,575 1,020 622 20,100 19,996 230 202 60 40 450 450 1,200 626 140 120 144 144 - 308 138 154 1,443 5,321 |
|
| 27,500 30,558 |
|
| 40,034 44,545 |
Page 11
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD
NOTES TO THE FINNANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2024
6. GOVERANCE COSTS
| 6. GOVERANCE COSTS | |
|---|---|
| Accountancy fees Independent Examination Legal and professional fees |
2024 2023 £ £ - - 350 350 - |
| 350 350 |
7. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible fixed assets Current assets Current liabilities
8. RESTRICTED FUNDS
Support from province
| Restricted | Unrestricted | 2024 | 2023 |
|---|---|---|---|
| £ | £ | £ | £ |
| - | - | - | - |
| B/f | Incoming | Outgoing | Outgoing |
| £ | £ | £ | |
| - | - | - | - |
Page 12
REDEEMED CHRISTIAN CHURCH OF GOD NEW LIFE ASSEMBLY BOREHAMWOOD
NOTES TO THE FINNANCIAL STATEMENTS FOR YEAR ENDED 31 DECEMBER 2024
12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |
|---|---|
| Independent Examination | 2024 2023 £ £ 350 350 |
| 350 350 |
Page 13