THE REDEEMED CHRISTIAN CHURCH OF JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY NUMBER 1167091
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS Pagc Contents RefeTence and Administrative Details Tru5tees' Report Independent Examiner's Report Staiemeni of Financial Aciiviiies Balance Sheet Notes to the Financial Sialemenls
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANUARy NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 LEGAL AND ADMINISTRATION INFORMATION Trustees Feyisard Akinwumi Modupe Orimogunje Emmanuel Olaoy¢ Akin Akintold Church address Unit 301 & 302 K2 House. Kingsheath Industrial Estate. H¢athfield Way Bankers HSBC Bank 19 Midsummer Place Milton Keynes MK9 3(iB Independent Lxaminer Nathan iyTace Ltd Suite 17 548-550 Elder House Elder Gate Milion Keynes Buckinghamshire MK9 ILR
CHARrrY NO 1167091 TrFE REDEEMED CHRisnAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES REPORT The trustees pre5enl their annual report and tbe financial statements of The Redeemed Chn"stian Chruch of God Jesus Sanctuary Northamplon for Ihe year ended i l December 2024.The TnreeS confimi that the Annual report and financial sialemenis of the charilable COTT]pany comply wilh the current statuiowequiiementg. the requircinents of ihc charitablL LompdEly'S guvitniiig duLuinenL dnd ihL pruvi5iuns uf ihL SLdiLnlLn( of Recommended Practice ISORPI applicable to charities preparing their accounts in accordance with the Financial Reporting Standtsrd applicabl¢ in thc UK and Rcpublic of Ircland (FRS102)Icffcctii'c l January 2019). The ehariry is governed by a deelarAiion made 07 July ?014 and is rcgistcred Én EnglaThd and Wales with eharity number 1167091 on 16 March 2016. Objectives of the Charih.: Thl ddvdn¢<mLnl ul'ChrislTilll F&iith. cmpoivcrfftcnt of TncTnbcrs and involv¢rncnt in l(KJl communitics as 5Ct out in the Charity's Ani¢le and Schedule, in accordance with ihe guidance issued by the Charity Commission for promotingF lh¢ obj¢cts. Achievetnent5 and Performance The organizarion mccis rcgularly for ihe promotion of ihe spiriiu&I and physical wcllbeing of members and the local Lommunities. We enuage in missions directly 3nd Indirectly through collaborations with local and ini¢rnational chariti¢5 for ihc alleviation ot povcrry. Thc Charity is activclv involvcd in the activities of Churches Together in Northampton as well as with Compassion UK through the sponsorship of 2 children. In addition, the Charity coliaboratcs with other Cbartiies. particularly oiher Churches within RCCG in the Area and across the Country. The church on a quarterly basis, as part of its Social Rcsponsibililies. regularly dislributes food items and provisions to Ihe needy and interesied p2rSbY ar ihe S'onhampton ciry centre. This has generally been a well- rcccived intervention in the local communiry. We are looking to expand this in coming years. Th¢ Charity also 3UPPOrts Youth ¢Mpo-¢rM¢nI through rc5idcntial and non-rc5idcntial training and providcs Pastoral care and welfare support lor them. Ihe L'harily providcs Coaching. di5ciplcship and mentoring, opportunitics to the Youth as they rransii inro adulth1. The Children Department and the Teens Department of Ihe Chdrity pruvidL Lhildr¢n Youth oppominitic5 to cxprcss rhcir God-givcn talcnt5, fting5, skills and taith through nurturing. supporting, Coaching and sup¢Trrysion. This also In0]Ve$ sponsoring in-house Iraining. 8ttendthnc¢ of i'ariou5 in-house and outdoor team building events and programmes. The ?024 freshcTS' seminar for iniending undergraduaie sludents "aS 4uLL¢ssfully ()rgFanii¢d in Augusl 2024 with Varing guesl speakers on various lopics such as Finance and budgeting. Mental health, Time management, Ctc. In addition. rccoxnizin% the importance of stsble homes in s¢xiely. the Church undertakes rewlar marriage seminarlm¢etingq for members as well ag undertaking whole family actlVLties within and outside of th¢ r¢gular meeting place. Chariry's belief in ihe imponance of slable faTnilics and hoTllCS as ihc bcdrock of ihe Church and society inforn]s the importance that it places on holistic am)osphere for families to flourish and prosper spiritually. physically, socially. and Lmotionally. Thr [hUh also organiscs niarridsr 5rniinars for intcndin couples aq part oltheir pr¢paraiion for g¢lling marricd. The Church in July 2024 carried out its anniial outdwr ivhole church aathering for members and families as well a5 fatnilics in and around NonhaTnpton Summer gathering for ouidoor acriviiies ai Milron keynes. The Church currently meets physically for Sunday services and virtually for all midweek serviceslaclivities.
CHARrrY NO 1167091 THE REDEEMED CHRlSllAN CHURCH OF GOD JESUS SANcfuARY NORThAMPTON FINANCIAL STATEMENTS ANDTRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 TRUSTEES REPORT Goi-ernance and Internal Control The Trustccs have th¢ gcncrdl oversight of ihc activiiics of thc Charity ihrou¥h the s¢ttin¥ up of %tratcgic direciions for ihe Charity and meei sthmiorily Niice a year lo review and sel directions for ihe Chariry. While the day-to4tsy rnnning of the Charity is undertaken by the Parish Pastor. the trustees are consulied as at and when required Financial Aetii-ities and Results The nei incoming resources for ihe year amounied to ££20,97J Restrve Poliey: It is ihe policy of ihc chariry to Tnaintain unrestriclcd funds. which are reserve5 of the charity. This provides sufficieni fund% to cover Any elnergency expendIre thai may &ri%e fmm lime io time. Risk Management The charity has assessed all the rnajor risks to which the chartty 15 exp05cd to. in particular. th05c rclatcd to operaiion and finances of the charity and are satisficd that systems are in place to mi15gaie exposure io njOr risks. Tru5tcc RcsponsÉbilitic5 l-he Charity Act 2005 requires the trusiees to prepare a SEatemeni ot ac¢ounls for each ac¢ounting yeat which gives a true and fair view of ihe state of the church. They are required io.. I Sclcct suitable accounting policies and apply thein coilsisteiitly. 2 Make judu*emenls and cstimatcs Ihat ar¢ rcasonablc and prudcnt. I gtale. whpthpr The. applitrahle atrrniintinsJ ¢11nA1rAs havp. heen fnllawe.A 4 Prcpnrc t-munciul slatcmcnts OD the goin8 conccrn basis. They are responsiblc foT kccping PTopcr rccords which disclosc with reasonablc accuracy of the financcs of the ¢.hiirrh ?1 Any lime 8nd 'to ensiirc thal giich aceoiinls comply with ihe C"harities Act IQ91 They also have i¢spviisibility 10 S(Ifrgu4iid ilir uf ilir iliuiili aiiJ iv rr£tSVEh£iblr s(rps lu drLriL fiaud vi uilirj irregularities. Approvcd by th¢ Trust¢¢s OD 19 Octobcr ?025 and 3igncd on thcir bchalf by Modupe Orimogunje
CHARrrY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS SANCTUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 INDEPEISDENT EXAMINER'S REPORT I report lo ihe charity trustees on my examination of thc accounis orth¢ chariiy for the year ended 31 December 2024 which arc sct out on pages 7 to l O. Respectii'e responsibilities of tTUSlees and examlner The trustees of the Charity are responsible for the prepardtion of accounls. They consider that the audit requireTncnt under scLliun 43 {2) of ihc Charilic5 ALI 1993 does noi apply. li is my rLspoiisibility to.. Examinc thc accoun18 und¢r %¢ction 43 (?} of ihe 1993 ALI. Follow thc pr(Kedures laid down in the general diicctiolls givcn by the Chariry Commissioners madc undcr scction 4J 171 Ib) of the 199) Aci. State whether particular matters hai'e come lo mv artention. B4sis of lJJdependeDt Examiner's report My exaniination was Calcd out in accordan¢c wth the general directions givcn by the Charity Commission and is in accordance with Regulation of ihe charity Account 2006. The examination includes a review of the ac¢ounring re¢ord8 kept by the charity and a comparison of tbe accounts presented with those re¢ord%. li also includes consideration of any unusual iiems or disclosures in the accounts and seckn.ng explanations from you OS ttustees con¢erning any such matters. The procedures undertaking do nol providc all the evidence that would be Tequired in an audi¥. and consequ¢nily I do nol express an audii opinion on the view given by ihe Accoiints. Independent Examiner's statement In ilic course of Iny cxamination. no iiutter has come to my attcntion.. l Jhffiich gives me reasonable cause io beliei'e ihai, in any material aspect. the trustees have not met the rcguircmcrLtS to cnsurc that.. Proper accounting records are kepl in accordance with seciion 41 Of the 1993 Act and s¢ction 44 (1) la) of thc 2005 Act and Regulation 4 of the 2006 AcLOUI)Is 41rr prepared ,hILh d¥ree ivitl) tlir aLLOUlltiiig records aiid coniply witli thc accounting requirements of the Act.. or 2 To which. in my opinion. attention should be drai in order lo enable a proper understanding of the aceounis to be reached. NQr. Olufemi OyetLmde (FCCA) NATIIAN GRACE LTD Signalure........... .......... Date: ......19 October 20?)
CHARITY NO 1167091 THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS 5ANcfuARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 Lnrestricted Restricted funds funds 2024 2024 Total funds 1 2024 Prior year 2023 Ineome and endov*ments from: Doniilion5 ld leg¢iCiCS 119,241 25.173 144,414 138,640 TotAI Income 119.241 25.173 144,414 138.640 Expenditure on: Raising funds Chariiabl¢ a¢tiviti¢s l ? j.442 123,442 107.241 Total Expendilure 123 442 123 442 107.241 Net In¢ome/(Expenditure) 4.201 25.173 20.973 Total funds brought forward 133.674 18.199 151.874 120.474 Totalfunds carriedfonvard 129,474 43J73 172,846 151,874
CHARrrY NO 1167091 ThE REDEEMED CHRISTIAN CHURCH OF GODJeSUS SANcfuARY 140RTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER ZOZ4 BALANCE SHEET AS AT 31 DECEMBER 2024 Note 2024 Z023 Fixed assets Current asse15 Other Current A5sds Cash ai bank and in hand 4.752 174.815 4.45? 150_690 Total Current Assets 179.567 1SS,142 C.reditfir$: amounts falling due M'ilhiD x iexr Toial Net Assets 173362 151874 Fund5 RLsifiLILd funds Unrestricied fund5 43.373 1 ?9,990 173 18.199 l i3,674 151 874 Total Funds The company was entiiled io exemption from audit under s477 of the Companies Aci 2006 relaiing 10 small companies. The m¢mbers have not reqllircd th¢ rnpany to obtain an audit in accordan¢¢ with section 476 of the Cotnpallies Act 2006 The directors acknowledge their resw)nsibÉlities for complying wilh the rquir¢ments of the Companies Act with respect 10 accounting records and the prepardlion ofaccounls. The uccount- hove been prepared in occordanc¥ %Vlth the proiisions applicoble to smull componies. 5ubje£t to the Jnioll companies- regime anrt in accordance wilh FR5102 SORP. Signed on bL"haifof all Ihc irnsiccs -D4klr. ......19 OL"Ivbr] ?025 Modupc Oriny)gunje
CHARITY NO 1167091 THE REDEEMED CHRisnAN CHURCH OF GOD JESUS SANCtUARY NORTHAMPTON FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 OTES TO THE FIN'ANCfAL STATEMEI%TS FOR THE YEAR ENDED 31 DECEMBER 2024 l Accountin% policies Statement of tolllpliance The financial 5talemtnts have been prepared in accordance M'ith A¢cowiling and R¢portin¥ by Charities." Staiemeni of Recommended Practice appli¢abl¢ 10 chariii¢s preparing ihcir account5 in in accordance '][h rhe Financial report5nE Stsndard applicable in thL UK and RepubliL ofireland {FRS 1021 leffeciike l January 20151-ICharilies SORP IERS 102)). the Financial Reporting Standaid applicable in ihc LK Jnd Rcpublic ofiieland IFRS 1021. They Aci 201 l also comply iviili ihL CuiyJp(iniL5 ALI ?006 and Chdrilies Aci 2011. B&si5 of preparation The Redeem¢d Chrtsii8n Church of God Jesus sancruary N01* hampion meets the definiiion of a public benefit eniity under FRS 102. Asseis and liabililies are inilially recognis at historical cost or Irdnsaction i'alue unless othenlryse Stated in the rel stated in the relivant 2¢¢0ufLtins poli. ttl>l¥s. Going concern The tnistees consider ihai iheTe are no Tllalerial uncertakntic% ahout ihc charity's ability to continu¢ as a going acern nor any sisnificanl areas of uncertainty thai aifc¢t th¢ ¢arrying i'alue of ass¢is held by (he charity. Dfjnations and legacies DonatiODS and lebTaci¢s at¢ r¢¢owiisrd fLLLiV(tblL b(1$ Le1p( is probable aud the a[Unt can be rcliably measured. In the 'en1 Ihai a donaiion 15 subject lo conditions that r¢quir¢ a lei.cl of pcrforniance by Ihe chanly beforc Ihc chaiily is cntiilcd to thc Thds. IhL incon i% defcrrcd and not rccouniscd until either those conditions are fvlly met. or the ]fIlm¢ni of th05¢ condilions arc "hOllY within the control of the charity and it IS probable that these condtions will be tiillilled in the rcportillg period Expenditure Liabilities are recogni5¢d ivhtr¢ it is nre likcly ihan noi ihal ihere is a legal or constructive gbligation commilting the Lhariiv io pay DUI reurCeS and thi anNiuni nf rhe nhligarinn Can he me.a<iJre.d with rex%rbnAhlp rprlAinly 2 Income Aiialysis vf iiiivii Llnrestricted funds Rtstritt¢d funds 2024 2023 Donationg Gifi Aid Other Income 92.266 25,213 1.762 119.241 25.173 117.439 25,213 1,762 144,414 118.829 19,787 24 Total Income 25.173 138,640
CHARITY NO 1167091 THE REDEEMED CHRisfiAN (HUROI OF GOD JESUS SANUARy NORTHAMPTON
FINANCIAL STATEMENTS AND TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
3 EXpedI¢llre on Charitable Actiiities
Unrt5tricted funds
Restricted
funds
2024
2023
Charitable Contributions
General Admin Expenses
Church Events
Church Supplles
Equipment- PurchaselHire
Honorarium & Gifts
Legal & ProlEssional lees
Meals
Personnel Costs
Rent & Accommodation costs
Repair and maintenance
Telephone & Internet
Travel
Website costs
Welfare
21.485
4.681
3.610
2.221
14,627
6,350
35
1,830
15.676
37.286
io.(
1.237
21,485
4.681
3,610
2,221
14,627
6.350
35
1,830
15,676
37,286
10.000
1,237
380
3.025
1.000
24.132
688
4,017
3,335
1,243
9,82S
7,083
2.613
10.503
34,278
323
1,138
401
3.038
4.623
3.025
i.(K)O
Totsl Expendture
123.442
123.442
107 241
5 Other Current A55et5
2024
2023
Depa51t
Other Current Assets
2.952
2.500
.200
4.752
4,452
6 Creditors: amounts falling due Yl'ithin a
2024
2023
Accruals
Other Current LiabTrlitie5
4.549
1.656
1.362
1.906
6,205
3,268
7 MoveDnt Funds
Asai
A50f
01 J311uar%-
ZOZ4
InCOnng
Res0r